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Electronic Technology

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

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 2019 TWDUSD
Revenue10,014.96M323.97M
Gross Profit377.81M12.22M
Operating income-9,850.25M-318.64M
Income before tax-9,368.70M-303.06M
Net income-9,358.07M-302.72M
EBITDA-8,147.23M-263.55M
Diluted EPS-11.42-0.36
Dividends Per Share00
Total Assets52,734.82M1,759.17M
Total liabilities17,737.54M591.70M
Total equity34,853.77M1,162.68M
Operating cash flow-9,221.84M-298.31M
Currency in TWDCurrency in USD

Historical Data

 Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019
Revenue 121,684.23M 78,161.15M 62,124.20M 23,740.61M 10,014.96M
Gross Profit 18,817.62M 6,832.89M -757.57M -1,077.76M 377.81M
Operating income -14,203.14M -14,608.06M -17,421.12M -13,963.61M -9,850.25M
Income before tax -15,569.89M -10,521.66M -16,871.58M 17,264.56M -9,368.70M
Net income -15,533.06M -10,560.10M -16,905.71M 12,068.20M -9,358.07M
EBITDA -9,721.42M -11,260.14M -15,033.94M -12,280.96M -8,147.23M
Diluted EPS -18.79 -12.81 -20.58 14.49 -11.42
Dividends Per Share 0 0 0 0.38 0
Total Assets 129,393.08M 103,149.18M 66,585.40M 67,710.81M 52,734.82M
Total liabilities 64,600.98M 51,377.67M 32,860.27M 22,490.95M 17,737.54M
Total equity 64,792.09M 51,771.50M 33,695.57M 45,168.83M 34,853.77M
Operating cash flow -13,014.31M -9,584.41M -18,962.16M -9,484.58M -9,221.84M
 Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019
Revenue 3,832.08M 2,423.54M 2,042.03M 787.30M 323.97M
Gross Profit 592.60M 211.86M -24.90M -35.74M 12.22M
Operating income -447.28M -452.95M -572.63M -463.06M -318.64M
Income before tax -490.32M -326.24M -554.57M 572.53M -303.06M
Net income -489.16M -327.43M -555.69M 400.21M -302.72M
EBITDA -306.14M -349.14M -494.16M -407.26M -263.55M
Diluted EPS -0.59 -0.39 -0.67 0.48 -0.36
Dividends Per Share 0 0 0 0.01 0
Total Assets 3,939.26M 3,200.50M 2,237.52M 2,202.90M 1,759.17M
Total liabilities 1,966.72M 1,594.14M 1,104.23M 731.72M 591.70M
Total equity 1,972.54M 1,606.36M 1,132.30M 1,469.52M 1,162.68M
Operating cash flow -409.84M -297.18M -623.28M -314.53M -298.31M

Valuation Measures

Dec 2019
PER--
ROA-15.53%
ROE-23.38%
Operating margin-98.35%
Profit margin-93.44%

Key executives

  • Chief Operations & Marketing Officer: Harjit Gill
  • Chief Financial Officer: Tao Pang Shen
  • Senior Director-Finance: Maggie Tseng
  • Chief Technology Officer: Wan Hsien Liu
  • Senior Vice President-Research & Development: Adrian Tung

Shareholders

  • Way Chih Investment Co., Ltd. (5.3%)
  • Way Lien Technology, Inc. (4.7%)
  • WANG HSIUEH HONG (3.9%)
  • The Vanguard Group, Inc. (3.0%)
  • Hung Mao Investment Co. Ltd. (2.8%)
  • CHEN WEN CHI (2.7%)
  • Stichting Pensioenfonds ABP (1.2%)
  • Kun Chang Investment Corp. (1.1%)
  • Norges Bank Investment Management (1.0%)
  • Dimensional Fund Advisors LP (1.0%)

Contact Details

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

Related Companies

  • Htc Vive Tech Corp. /Coporate Venture Capital/
  • 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

  • Sony Corporation
  • Apple Inc.
  • Alphabet Inc. Class A
  • Microsoft Corporation
  • Facebook, Inc. Class A
  • Vuzix Corporation
  • Inseego Corp.
  • Inseego Corp.
Last Updated on 26 Oct, 2020

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