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Electronic Technology

HTC Corp.

  • 61.50 TWD
  • -1.00
  • -1.60%
  • Taiwan
    Apr 20, 2018
  • Ticker
    TAI(2498)
  • Prev. close
    62.50
  • Market cap (TWD)
    51,300.60M
  • Market cap (USD)
    1,744.98M
  • Shares
    820.81M

Company Background

HTC, a leading Taiwanese smartphone maker, is well-known for its technological chops. When the global smartphone market first began to swell, HTC was using high-end models to take bigger slices of the global pie. In 2011, HTC was at its peak in terms of earnings. It controlled 8.8% of the global smartphone market in terms of shipments, becoming the world's fifth-largest smartphone maker, according to U.S. market researcher IDC.

HTC was founded in 1997 by Wang Cher, a daughter of Wang Yung-ching, the founder of Formosa Plastics. HTC started off as a contract manufacturer of personal digital assistants, which were a thing in the late 1990s. HTC jumped into the smartphone game in 2007. In the following year, the company launched the world's first smartphones using Google's Android operating system. It created a sales network by partnering with telecommunications companies around the globe.

Since 2012, however, Samsung Electronics of South Korea has rapidly expanded its market share, significantly cutting into HTC's smartphone sales. Moreover, the Taiwanese company was slow to enter China's smartphone market. Insufficient branding and marketing has also hurt HTC.

Sales of its latest model, the HTC One M9, released in March 2015, have been lackluster. As a result, the company announced in August plans to cut 15% of its global workforce of 15,000. The company for years focused on production at its own Taiwanese factories but has begun to contract out as part of its cost-cutting efforts.

In 2014, HTC released the Re. The small point-and-shoot camera, which shoots stills and video and streams the images to a smartphone, exemplifies how the company seeks to diversify into other businesses and be less reliant on smartphones.

Business Summary

HTC Corp. engages in the research, design, manufacturing and sale of smart mobile devices. It offers mobile phones based on Android and Windows Phone operating systems and also provides relevant technical and after-sales service support for its products. The company was founded by Hsiueh Hong Wang and Huo Tu Cho on May 15, 1997 and is headquartered in Taoyuan, Taiwan.

Financial Highlights

Dec 2017 TWDUSD
Revenue62,119.81M2,041.88M
Gross Profit-761.96M-25.04M
Operating income-17,425.51M-572.77M
Income before tax-16,871.58M-554.57M
Net income-16,905.71M-555.69M
EBITDA-15,038.33M-494.31M
Diluted EPS-20.58-0.67
Dividends Per Share----
Total Assets66,585.40M2,237.52M
Total liabilities32,860.27M1,104.23M
Total equity33,695.57M1,132.30M
Operating cash flow-18,962.16M-623.28M
Currency in TWDCurrency in USD

Historical Data

 Dec 2013Dec 2014Dec 2015Dec 2016Dec 2017
Revenue 203,140M 187,809.14M 121,661.62M 78,201.45M 62,119.81M
Gross Profit 38,668.58M 37,461.58M 18,795.01M 6,873.19M -761.96M
Operating income -4,233.17M 566.71M -14,225.75M -14,567.76M -17,425.51M
Income before tax -392.71M 1,992.10M -15,569.89M -10,521.66M -16,871.58M
Net income -1,323.78M 1,483.04M -15,533.06M -10,560.10M -16,905.71M
EBITDA 652.02M 5,388.42M -9,744.02M -11,219.84M -15,038.33M
Diluted EPS -1.60 1.80 -18.79 -12.81 -20.58
Dividends Per Share 0 0.38 0 0 --
Total Assets 172,629.18M 163,838.27M 129,393.08M 103,149.18M 66,585.40M
Total liabilities 94,921.52M 83,504.90M 64,600.98M 51,377.67M 32,860.27M
Total equity 77,707.66M 80,333.37M 64,792.09M 51,771.50M 33,695.57M
Operating cash flow -15,414.21M -313.47M -13,014.31M -9,584.42M -18,962.16M
 Dec 2013Dec 2014Dec 2015Dec 2016Dec 2017
Revenue 6,844.05M 6,197.66M 3,831.37M 2,424.79M 2,041.88M
Gross Profit 1,302.79M 1,236.22M 591.89M 213.11M -25.04M
Operating income -142.62M 18.70M -447.99M -451.70M -572.77M
Income before tax -13.23M 65.73M -490.32M -326.24M -554.57M
Net income -44.60M 48.94M -489.16M -327.43M -555.69M
EBITDA 21.96M 177.81M -306.85M -347.89M -494.31M
Diluted EPS -0.05 0.05 -0.59 -0.39 -0.67
Dividends Per Share 0 0.01 0 0 --
Total Assets 5,792.24M 5,184.42M 3,939.26M 3,200.50M 2,237.52M
Total liabilities 3,184.91M 2,642.39M 1,966.72M 1,594.14M 1,104.23M
Total equity 2,607.33M 2,542.03M 1,972.54M 1,606.36M 1,132.30M
Operating cash flow -519.32M -10.34M -409.84M -297.18M -623.28M

Valuation Measures

Dec 2017
PER--
ROA-19.92%
ROE-39.56%
Operating margin-28.05%
Profit margin-27.21%

Key executives

  • Chairman, President, CEO & General Manager: Hsiueh Hong Wang
  • Chief Financial Officer: Tao Pang Shen
  • Senior Director-Finance: Maggie Tseng
  • Chief Technology Officer: Wan Hsien Liu
  • Chief Marketing Officer: Idris Mootee

Shareholders

  • Way Chih Investment Co., Ltd. (5.3%)
  • WANG HSIUEH HONG (3.9%)
  • The Vanguard Group, Inc. (2.9%)
  • CHEN WEN CHI (2.7%)
  • Baillie Gifford & Co. (2.4%)
  • BlackRock Fund Advisors (2.0%)
  • BlackRock Advisors (UK) Ltd. (1.5%)
  • Dimensional Fund Advisors LP (1.4%)
  • APG Asset Management NV (1.1%)
  • Norges Bank Investment Management (0.9%)

Contact Details

  • Website:http://www.htc.com
  • Address: No. 23, Xinghua Road, Taoyuan District, Taoyuan, 330, Taiwan
  • Phone: +886.3.375.3252

Related Companies

  • Virtual Reality Venture Capital Alliance
  • HTC Corp. /TAIWAN FACILTIES/
  • HTC (Shanghai) Co., Ltd.
  • HTC Luxembourg S.a.r.l
  • HTC America Content Services, Inc.
  • Huada Digital Corp.
  • HTC South Eastern Europe LLC
  • HTC Brasil
  • HTC Germany GmbH
  • HTC Iberia Slu
  • HTC Nordic ApS
  • HTC Poland Sp ZOO
  • HTC America Innovation, Inc.
  • HTC America Holding, Inc.
  • HTC (Hong Kong) Ltd.
  • HTC I Investment Corp.
  • HTC Netherlands BV
  • Htc Italia SRL
  • HTC France Corp.
  • HTC Nippon Corp.
  • HTC Malaysia Sdn. Bhd.
  • PT High Tech Computer Indonesia
  • HTC Investment Corp.
  • High Tech Computer (Suzhou) Co. Ltd.
  • HTC Philippines Corp.
  • High Tech Computer Asia Pacific Pte. Ltd.
  • HTC Electronics (Shanghai) Co. Ltd.
  • HTC Europe Co. Ltd.
  • HTC America, Inc.
  • One & Co.

Competitors

  • Archos SA
  • BlackBerry Limited
  • Kopin Corporation
  • Inseego Corp.
  • LAPIDOTH CAPITAL LTD
  • Vuzix Corporation
Last Updated on 20 Apr, 2018

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