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Electronic Technology

LARGAN Precision Co., Ltd.

  • 3,890.00 TWD
  • -95.00
  • -2.38%
  • Taiwan
    May 20, 2019
  • Ticker
    TAI(3008)
  • Prev. close
    3,985.00
  • Market cap (TWD)
    534,548.68M
  • Market cap (USD)
    17,077.95M
  • Shares
    134.14M

Company Background

Founded in 1987 by Scott Lin, Largan Precision is the world's leading manufacturer of smartphone camera lenses, supplying components to Apple and major Chinese cellphone makers. The company was listed on the Taiwan Stock Exchange in 2002.

Based in the central Taiwanese city of Taichung, the company achieved its current success by devoting itself to developing plastic aspherical lenses at a time when most competitors were still using glass.

Like most major Taiwanese companies, Largan is a family business. Incumbent Chairman Lin En-chou is the founder's eldest son, and Chief Executive Adam Lin is En-chou's younger brother.

Adam Lin used to be a pediatrician before joining the family business in 2006. He became the chief executive in 2010. The Lin family maintains a low profile and Adam is known to be laconic when talking with investors.

Business Summary

LARGAN Precision Co. Ltd. engages in the design and manufacture of plastic aspherical lens. Its main products include mobile phone lens, web cam, car lens, scanner, tablet computer lens and notebook computer lens. The company was founded by Yao Ying Lin on April 17, 1987 and is headquartered in Taichung, Taiwan.

Financial Highlights

Dec 2018 TWDUSD
Revenue49,946.05M1,656.34M
Gross Profit34,122.30M1,131.58M
Operating income29,611.94M982.00M
Income before tax31,148.27M1,032.95M
Net income24,369.53M808.15M
EBITDA32,507.40M1,078.02M
Diluted EPS180.045.97
Dividends Per Share682.25
Total Assets132,648.42M4,315.59M
Total liabilities25,048.85M814.94M
Total equity107,599.57M3,500.65M
Operating cash flow30,912.79M1,025.14M
Currency in TWDCurrency in USD

Historical Data

 Dec 2014Dec 2015Dec 2016Dec 2017Dec 2018
Revenue 45,810.26M 55,868.89M 48,324.26M 53,135.53M 49,946.05M
Gross Profit 24,383.95M 31,921.48M 32,262.99M 36,682.14M 34,122.30M
Operating income 21,066.83M 27,654.63M 27,913.95M 32,093.30M 29,611.94M
Income before tax 22,931.57M 29,165.81M 28,236.75M 31,999.97M 31,148.27M
Net income 19,438.09M 24,156.52M 22,733.02M 25,975.62M 24,369.53M
EBITDA 22,727.96M 29,495.39M 30,012.45M 34,393.87M 32,507.40M
Diluted EPS 142.94 176.92 167.82 191.77 180.04
Dividends Per Share 51 63.50 63.50 72.50 68
Total Assets 61,053.58M 83,986.57M 97,074.46M 115,901.23M 132,648.42M
Total liabilities 14,855.41M 20,600.27M 20,231.94M 23,504.00M 25,048.85M
Total equity 46,198.16M 63,386.29M 76,842.51M 92,397.23M 107,599.57M
Operating cash flow 19,826.18M 29,240.69M 23,998.06M 31,573.48M 30,912.79M
 Dec 2014Dec 2015Dec 2016Dec 2017Dec 2018
Revenue 1,511.72M 1,759.42M 1,498.38M 1,746.57M 1,656.34M
Gross Profit 804.66M 1,005.27M 1,000.37M 1,205.74M 1,131.58M
Operating income 695.20M 870.90M 865.52M 1,054.91M 982.00M
Income before tax 756.73M 918.49M 875.53M 1,051.84M 1,032.95M
Net income 641.45M 760.73M 704.88M 853.82M 808.15M
EBITDA 750.01M 928.86M 930.59M 1,130.53M 1,078.02M
Diluted EPS 4.71 5.57 5.20 6.30 5.97
Dividends Per Share 1.68 1.99 1.96 2.38 2.25
Total Assets 1,931.95M 2,556.90M 3,012.02M 3,894.72M 4,315.59M
Total liabilities 470.07M 627.15M 627.75M 789.82M 814.94M
Total equity 1,461.87M 1,929.74M 2,384.26M 3,104.90M 3,500.65M
Operating cash flow 654.26M 920.84M 744.10M 1,037.82M 1,025.14M

Valuation Measures

Dec 2018
PER17.69
ROA19.60%
ROE24.36%
Operating margin59.28%
Profit margin48.79%

Key executives

  • Vice Chairman, Chief Executive Officer & Spokesman: En Ping Lin
  • Head-Finance & Accounting: Hsing Ju Tsao
  • Deputy General Manager: Yu Chih Huang

Shareholders

  • CHEN SHIH CHING (5.0%)
  • CHIANG TSUI YING (4.9%)
  • Capital Research & Management Co. (World Investors) (4.7%)
  • LIN EN PING (4.4%)
  • LIN EN CHOU (3.0%)
  • T. Rowe Price International Ltd. (2.8%)
  • HSIEH MING YUAN (2.6%)
  • The Vanguard Group, Inc. (2.6%)
  • BlackRock Fund Advisors (1.9%)
  • LIN YAO YING (1.8%)

Contact Details

  • Website:http://www.largan.com.tw
  • Address: Taichung Machinery Tech Park, No. 11 Jingke Road, Taichung, 408 52, Taiwan
  • Phone: +886.4.36002345

Related Companies

  • Hsing Yu Optical Co., Ltd.
  • Ta Yang Technology Co. Ltd.
  • Dagen (Dongguan) Photoelectric Co., Ltd.
  • Largan (Hong Kong) Ltd.
  • Suzhou Largan Co., Ltd.
  • Ta Ken (Hong Kong) Ltd.
  • Net International Trading Ltd.
  • Amtai International Ltd.
  • Astro International Ltd.

Competitors

  • Kinko Optical Co. Ltd.
  • GeniuS Electronic Optical Co., Ltd.
Last Updated on 20 May, 2019

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