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Consumer Durables

Hotai Motor Co., Ltd.

  • 294.00 TWD
  • -5.50
  • -1.84%
  • Taiwan
    Apr 20, 2018
  • Ticker
    TAI(2207)
  • Prev. close
    299.50
  • Market cap (TWD)
    163,581M
  • Market cap (USD)
    5,564.16M
  • Shares
    546.17M

Company Background

Hotai Motor is the Taiwanese distributor for the Japanese auto giant Toyota Motor, selling Toyota vehicles, Lexus cars, and Hino Motors' trucks. It also sells used Toyota cars and runs an auto leasing service. Its affiliate Kuozui, a joint venture with Toyota, makes some Toyota models locally.

Hotai was founded as a trading company in 1947 by the Taiwanese tycoon Huang Lieh-ho, who also founded the food conglomerate Wei-Chuan. Hotai became a listed company in 1997.

Huang Lieh-ho's son, Huang Nan-kuang, is the company's current chairman. Huang Nan-kuang has a master's degree from Missouri State University and began his career at Wei-Chuan at its U.S. unit. He returned to Taiwan in 2009 to become Hotai's vice chairman, and was appointed chairman in 2010 following his father's death.

Business Summary

Hotai Motor Co., Ltd. is engaged in the manufacturing and assembling of automobiles and industrial trucks. It also operates in the car rentals and used car business. The company offers automobile accessories, insurance, and loans. Its product brands include Toyota, Lexus, Hino trucks, and Toyota Industrial Equipment. The company was founded by Lei Ho Huang on September 1947 and is headquartered in Taipei, Taiwan.

Financial Highlights

Dec 2017 TWDUSD
Revenue179,679.82M5,906.10M
Gross Profit26,022.56M855.36M
Operating income12,709.99M417.77M
Income before tax12,727.75M418.36M
Net income10,115.60M332.50M
EBITDA20,619.54M677.76M
Diluted EPS18.510.60
Dividends Per Share----
Total Assets206,601.75M6,942.61M
Total liabilities151,725.60M5,098.56M
Total equity46,655.30M1,567.79M
Operating cash flow15,169.78M498.63M
Currency in TWDCurrency in USD

Historical Data

 Dec 2013Dec 2014Dec 2015Dec 2016Dec 2017
Revenue 146,461.91M 160,204.50M 160,579.76M 174,508.84M 179,679.82M
Gross Profit 17,884.31M 20,301.00M 21,176.93M 23,322.19M 26,022.56M
Operating income 7,172.41M 9,025.99M 9,120.54M 12,077.99M 12,709.99M
Income before tax 9,212.27M 10,192.66M 10,742.62M 12,079.91M 12,727.75M
Net income 7,650.11M 9,196.73M 9,776.59M 10,740.03M 10,115.60M
EBITDA 15,084.09M 17,622.56M 18,049.42M 20,415.75M 20,619.54M
Diluted EPS 14 16.83 17.89 19.65 18.51
Dividends Per Share 12.60 10.50 12 12 --
Total Assets 135,028.35M 149,173.76M 163,632.31M 179,176.61M 206,601.75M
Total liabilities 96,752.03M 108,086.14M 117,855.35M 128,597.52M 151,725.60M
Total equity 33,045.95M 35,396.50M 39,364.13M 43,106.24M 46,655.30M
Operating cash flow 14,513.44M 9,077.57M 16,045.49M 14,503.74M 15,169.78M
 Dec 2013Dec 2014Dec 2015Dec 2016Dec 2017
Revenue 4,934.49M 5,286.71M 5,056.98M 5,410.99M 5,906.10M
Gross Profit 602.54M 669.92M 666.90M 723.15M 855.36M
Operating income 241.64M 297.85M 287.22M 374.50M 417.77M
Income before tax 310.37M 336.35M 338.30M 374.56M 418.36M
Net income 257.74M 303.49M 307.88M 333.01M 332.50M
EBITDA 508.20M 581.54M 568.41M 633.03M 677.76M
Diluted EPS 0.47 0.55 0.56 0.60 0.60
Dividends Per Share 0.42 0.34 0.37 0.37 --
Total Assets 4,530.62M 4,720.38M 4,981.65M 5,559.48M 6,942.61M
Total liabilities 3,246.33M 3,420.23M 3,588.00M 3,990.11M 5,098.56M
Total equity 1,108.79M 1,120.07M 1,198.40M 1,337.49M 1,567.79M
Operating cash flow 488.97M 299.55M 505.30M 449.71M 498.63M

Valuation Measures

Dec 2017
PER19.11
ROA5.24%
ROE22.53%
Operating margin7.07%
Profit margin5.62%

Key executives

  • General Manager & Managing Director: Chun Hsing Su
  • President & Director: Chwen-Shing Su
  • Head-Finance Department: Chien Chou Chen
  • Chief Accounting Officer: Ting Ju Chen

Shareholders

  • Ho Yu Investment Co. Ltd. (8.8%)
  • Toyota Motor Corp. (8.1%)
  • Li Gang Enterprise Co. Ltd. (7.0%)
  • Jin Yuan Shan Investment Co., Ltd. (6.6%)
  • Cheng Sun Trading Co. Ltd. (4.4%)
  • Shen Rong Investment Co. Ltd. (3.1%)
  • Zhi Geng Development Co. Ltd. (2.5%)
  • Ming Yi Investment Co. Ltd. (2.4%)
  • LI YUNG JAN /HOTAI/ (2.4%)
  • Tai Zhang Investment Co. Ltd. (2.2%)

Contact Details

Related Companies

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  • China Gravure Industries, Inc.
  • Hozhi Motor Co. Ltd.
  • He-zan Investment Corp.
  • Ho Tai Development Co., Ltd.
  • Hotai Leasing Corp.
  • Hotai Finance Corp.
  • Ho Chih Motor Co. Ltd.
  • Shanghai Ho Yu Investment Co. Ltd.
  • Chang Yuan Motor Co. Ltd.

Competitors

    Last Updated on 20 Apr, 2018

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