LARGAN Precision Co., Ltd.
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- Virus fears drive post-holiday Asian stock sell-off Jan 31, 2020
- Asian stocks rise ahead of key US employment data Dec 6, 2019 See more articles on LARGAN Precision Co., Ltd.
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
Financial Highlights
| Dec 2019 | TWD | USD |
| Revenue | 60,764.20M | 1,965.67M |
| Gross Profit | 41,631.21M | 1,346.73M |
| Operating income | 36,499.33M | 1,180.72M |
| Income before tax | 36,552.55M | 1,182.44M |
| Net income | 28,263.08M | 914.28M |
| EBITDA | 40,310.25M | 1,304.00M |
| Diluted EPS | 208.78 | 6.75 |
| Dividends Per Share | 79 | 2.55 |
| Total Assets | 153,821.59M | 5,131.32M |
| Total liabilities | 27,427.68M | 914.95M |
| Total equity | 126,393.91M | 4,216.36M |
| Operating cash flow | 31,432.53M | 1,016.81M |
| Currency in TWD | Currency in USD |
Historical Data
| Dec 2015 | Dec 2016 | Dec 2017 | Dec 2018 | Dec 2019 | |
| Revenue | 55,868.89M | 48,324.26M | 53,135.53M | 49,946.05M | 60,764.20M |
| Gross Profit | 31,921.48M | 32,262.99M | 36,682.14M | 34,122.30M | 41,631.21M |
| Operating income | 27,654.63M | 27,913.95M | 32,093.30M | 29,611.94M | 36,499.33M |
| Income before tax | 29,165.81M | 28,236.75M | 31,999.97M | 31,148.27M | 36,552.55M |
| Net income | 24,156.52M | 22,733.02M | 25,975.62M | 24,369.53M | 28,263.08M |
| EBITDA | 29,495.39M | 30,012.45M | 34,393.87M | 32,507.40M | 40,310.25M |
| Diluted EPS | 176.92 | 167.82 | 191.77 | 180.04 | 208.78 |
| Dividends Per Share | 63.50 | 63.50 | 72.50 | 68 | 79 |
| Total Assets | 83,986.57M | 97,074.46M | 115,901.23M | 132,648.42M | 153,821.59M |
| Total liabilities | 20,600.27M | 20,231.94M | 23,504.00M | 25,048.85M | 27,427.68M |
| Total equity | 63,386.29M | 76,842.51M | 92,397.23M | 107,599.57M | 126,393.91M |
| Operating cash flow | 29,240.69M | 23,998.06M | 31,573.48M | 30,912.79M | 31,432.53M |
| Dec 2015 | Dec 2016 | Dec 2017 | Dec 2018 | Dec 2019 | |
| Revenue | 1,759.42M | 1,498.38M | 1,746.57M | 1,656.34M | 1,965.67M |
| Gross Profit | 1,005.27M | 1,000.37M | 1,205.74M | 1,131.58M | 1,346.73M |
| Operating income | 870.90M | 865.52M | 1,054.91M | 982.00M | 1,180.72M |
| Income before tax | 918.49M | 875.53M | 1,051.84M | 1,032.95M | 1,182.44M |
| Net income | 760.73M | 704.88M | 853.82M | 808.15M | 914.28M |
| EBITDA | 928.86M | 930.59M | 1,130.53M | 1,078.02M | 1,304.00M |
| Diluted EPS | 5.57 | 5.20 | 6.30 | 5.97 | 6.75 |
| Dividends Per Share | 1.99 | 1.96 | 2.38 | 2.25 | 2.55 |
| Total Assets | 2,556.90M | 3,012.02M | 3,894.72M | 4,315.59M | 5,131.32M |
| Total liabilities | 627.15M | 627.75M | 789.82M | 814.94M | 914.95M |
| Total equity | 1,929.74M | 2,384.26M | 3,104.90M | 3,500.65M | 4,216.36M |
| Operating cash flow | 920.84M | 744.10M | 1,037.82M | 1,025.14M | 1,016.81M |
Valuation Measures
| Dec 2019 | |
| PER | 23.73 |
| ROA | 19.73% |
| ROE | 24.15% |
| Operating margin | 60.06% |
| Profit margin | 46.51% |
Key executives
- Vice Chairman, Chief Executive Officer & Spokesman: En Ping Lin
- Head-Finance & Accounting: Hsing Ju Tsao
- Deputy General Manager: Yu Chih Huang
Shareholders
- LIN YAO YING FAMILY (14.0%)
- CHEN SHIH CHING (5.0%)
- CHIANG TSUI YING (4.9%)
- GIC Pte Ltd. (Investment Management) (2.7%)
- The Vanguard Group, Inc. (2.6%)
- HSIEH MING YUAN (2.6%)
- Labor Pension New Fund (2.0%)
- T. Rowe Price International Ltd. (1.8%)
- Cathay Life Insurance Co., Ltd. (Invt Port) (1.6%)
- Nan Shan Life Insurance Co., Ltd. (1.6%)
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.
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Last Updated on 27 Oct, 2020
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