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Electronic Technology

HTC Corp.

  • 36.85 TWD
  • +0.35
  • +0.96%
  • Taiwan
    Jun 17, 2019
  • Ticker
    TAI(2498)
  • Prev. close
    36.50
  • Market cap (TWD)
    29,886.63M
  • Market cap (USD)
    948.11M
  • Shares
    818.81M

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 2018 TWDUSD
Revenue23,740.61M787.30M
Gross Profit-1,077.76M-35.74M
Operating income-13,963.61M-463.06M
Income before tax17,264.56M572.53M
Net income12,068.20M400.21M
EBITDA-12,280.96M-407.26M
Diluted EPS14.490.48
Dividends Per Share0.380.01
Total Assets67,710.81M2,202.90M
Total liabilities22,490.95M731.72M
Total equity45,168.83M1,469.52M
Operating cash flow-9,484.58M-314.53M
Currency in TWDCurrency in USD

Historical Data

 Dec 2014Dec 2015Dec 2016Dec 2017Dec 2018
Revenue 187,809.14M 121,684.23M 78,161.15M 62,124.20M 23,740.61M
Gross Profit 37,461.58M 18,817.62M 6,832.89M -757.57M -1,077.76M
Operating income 566.71M -14,203.14M -14,608.06M -17,421.12M -13,963.61M
Income before tax 1,992.10M -15,569.89M -10,521.66M -16,871.58M 17,264.56M
Net income 1,483.04M -15,533.06M -10,560.10M -16,905.71M 12,068.20M
EBITDA 5,388.42M -9,721.42M -11,260.14M -15,033.94M -12,280.96M
Diluted EPS 1.80 -18.79 -12.81 -20.58 14.49
Dividends Per Share 0.38 0 0 0 0.38
Total Assets 163,838.27M 129,393.08M 103,149.18M 66,585.40M 67,710.81M
Total liabilities 83,504.90M 64,600.98M 51,377.67M 32,860.27M 22,490.95M
Total equity 80,333.37M 64,792.09M 51,771.50M 33,695.57M 45,168.83M
Operating cash flow -313.47M -13,014.31M -9,584.42M -18,962.16M -9,484.58M
 Dec 2014Dec 2015Dec 2016Dec 2017Dec 2018
Revenue 6,197.66M 3,832.08M 2,423.54M 2,042.03M 787.30M
Gross Profit 1,236.22M 592.60M 211.86M -24.90M -35.74M
Operating income 18.70M -447.28M -452.95M -572.63M -463.06M
Income before tax 65.73M -490.32M -326.24M -554.57M 572.53M
Net income 48.94M -489.16M -327.43M -555.69M 400.21M
EBITDA 177.81M -306.14M -349.14M -494.16M -407.26M
Diluted EPS 0.05 -0.59 -0.39 -0.67 0.48
Dividends Per Share 0.01 0 0 0 0.01
Total Assets 5,184.42M 3,939.26M 3,200.50M 2,237.52M 2,202.90M
Total liabilities 2,642.39M 1,966.72M 1,594.14M 1,104.23M 731.72M
Total equity 2,542.03M 1,972.54M 1,606.36M 1,132.30M 1,469.52M
Operating cash flow -10.34M -409.84M -297.18M -623.28M -314.53M

Valuation Measures

Dec 2018
PER2.40
ROA17.97%
ROE30.60%
Operating margin-58.81%
Profit margin50.83%

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. (2.8%)
  • CHEN WEN CHI (2.7%)
  • BlackRock Advisors (UK) Ltd. (1.4%)
  • Dimensional Fund Advisors LP (1.3%)
  • Norges Bank Investment Management (0.9%)
  • BlackRock Fund Advisors (0.9%)
  • Transtrend BV (0.9%)
  • BlackRock Japan Co., Ltd. (0.7%)

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
  • Vuzix Corporation
  • Kopin Corporation
  • Electra Consumer Products Ltd.
  • Inseego Corp.
Last Updated on 17 Jun, 2019

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