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HTC Corp.
- 61.50 TWD
- -1.00
- -1.60%
Taiwan
Apr 20, 2018Ticker
TAI(2498)Prev. close
62.50Market cap (TWD)
51,300.60MMarket cap (USD)
1,744.98MShares
820.81M
In the news
- Taiwan's tech sector still sluggish despite sales rebound Apr 13, 2018
- Nikkei Asia300 Index rises as heavyweight stocks rebound Apr 9, 2018
- Nikkei Asia300 extends gains as global trade war worries fade Mar 27, 2018
- Google expands in Taiwan, its top Asian R&D hub Mar 21, 2018
- Soft demand for iPhone X dents Taiwan tech sales Mar 12, 2018 See more articles on HTC Corp.
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
Financial Highlights
| Dec 2017 | TWD | USD |
| Revenue | 62,119.81M | 2,041.88M |
| 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 Assets | 66,585.40M | 2,237.52M |
| Total liabilities | 32,860.27M | 1,104.23M |
| Total equity | 33,695.57M | 1,132.30M |
| Operating cash flow | -18,962.16M | -623.28M |
| Currency in TWD | Currency in USD |
Historical Data
| Dec 2013 | Dec 2014 | Dec 2015 | Dec 2016 | Dec 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 2013 | Dec 2014 | Dec 2015 | Dec 2016 | Dec 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
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