HTC Corp.

In the news

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Huawei's rapid rise is driven by a global talent hunt Sep 11, 2019
Asian stocks tumble after US jobs data damp hopes of deeper Fed rate cuts Jul 8, 2019
Taiwan's once-glorious tech brands pushed out by cheaper Chinese rivals Feb 18, 2019

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 2021	TWD	USD
Revenue	5,253.27M	188.07M
Gross Profit	1,289.14M	46.15M
Operating income	-4,096.43M	-146.65M
Income before tax	-3,002.26M	-107.48M
Net income	-3,073.13M	-110.02M
EBITDA	-3,709.36M	-132.80M
Diluted EPS	-3.74	-0.13
Dividends Per Share	0	0
Total Assets	44,184.95M	1,597.02M
Total liabilities	16,962.05M	613.07M
Total equity	27,222.90M	983.94M
Operating cash flow	-4,541.58M	-162.59M
	Currency in TWD	Currency in USD

Historical Data

TWD | USD

	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021
Revenue	62,124.20M	23,740.61M	10,014.96M	5,805.70M	5,253.27M
Gross Profit	-757.57M	-1,077.76M	377.81M	1,082.46M	1,289.14M
Operating income	-17,421.12M	-13,963.61M	-9,850.25M	-6,391.39M	-4,096.43M
Income before tax	-16,871.58M	17,264.56M	-9,368.70M	-6,018.33M	-3,002.26M
Net income	-16,905.71M	12,068.20M	-9,358.07M	-5,949.94M	-3,073.13M
EBITDA	-15,033.94M	-12,280.96M	-8,147.23M	-5,859.86M	-3,709.36M
Diluted EPS	-20.58	14.49	-11.42	-7.26	-3.74
Dividends Per Share	0	0.38	0	0	0
Total Assets	66,585.40M	67,710.81M	52,734.82M	45,066.33M	44,184.95M
Total liabilities	32,860.27M	22,490.95M	17,737.54M	15,112.76M	16,962.05M
Total equity	33,695.57M	45,168.83M	34,853.77M	29,892.53M	27,222.90M
Operating cash flow	-18,962.16M	-9,484.58M	-9,221.84M	-7,346.59M	-4,541.58M

	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021
Revenue	2,042.03M	787.30M	323.97M	197.17M	188.07M
Gross Profit	-24.90M	-35.74M	12.22M	36.76M	46.15M
Operating income	-572.63M	-463.06M	-318.64M	-217.06M	-146.65M
Income before tax	-554.57M	572.53M	-303.06M	-204.39M	-107.48M
Net income	-555.69M	400.21M	-302.72M	-202.07M	-110.02M
EBITDA	-494.16M	-407.26M	-263.55M	-199.01M	-132.80M
Diluted EPS	-0.67	0.48	-0.36	-0.24	-0.13
Dividends Per Share	0	0.01	0	0	0
Total Assets	2,237.52M	2,202.90M	1,759.17M	1,603.89M	1,597.02M
Total liabilities	1,104.23M	731.72M	591.70M	537.85M	613.07M
Total equity	1,132.30M	1,469.52M	1,162.68M	1,063.86M	983.94M
Operating cash flow	-623.28M	-314.53M	-298.31M	-249.50M	-162.59M

Valuation Measures

Dec 2021
PER	--
ROA	-6.88%
ROE	-10.76%
Operating margin	-77.97%
Profit margin	-58.49%

Key executives

Chief Financial Officer: Tao Pang Shen
Senior Director-Finance: Maggie Tseng
Chief Technology Officer: Wan Hsien Liu
Senior Vice President-Research & Development: Adrian Tung
Chief Administrative Officer: Caleb Ou-Yang

Shareholders

Way Chih Investment Co., Ltd. (5.3%)
Way Lien Technology, Inc. (4.6%)
WANG HSIUEH HONG (3.9%)
Hung Mao Investment Co. Ltd. (2.8%)
CHEN WEN CHI (2.7%)
The Vanguard Group, Inc. (2.5%)
HUNG CHAO SHUN (1.2%)
Dimensional Fund Advisors LP (1.1%)
Kun Chang Investment Corp. (1.1%)
Norges Bank Investment Management (1.0%)

Contact Details

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

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Competitors

Meta Platforms Inc. Class A
Vuzix Corporation
Red Cat Holdings Inc
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Ever Fortune.AI Co., Ltd.

Last Updated on 23 Sep, 2022