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Electronic Technology

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

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 2019 TWDUSD
Revenue60,764.20M1,965.67M
Gross Profit41,631.21M1,346.73M
Operating income36,499.33M1,180.72M
Income before tax36,552.55M1,182.44M
Net income28,263.08M914.28M
EBITDA40,310.25M1,304.00M
Diluted EPS208.786.75
Dividends Per Share----
Total Assets153,821.59M5,131.32M
Total liabilities27,427.68M914.95M
Total equity126,393.91M4,216.36M
Operating cash flow31,432.53M1,016.81M
Currency in TWDCurrency in USD

Historical Data

 Dec 2015Dec 2016Dec 2017Dec 2018Dec 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 176.92 167.81 191.77 180.04 208.78
Dividends Per Share 63.50 63.50 72.50 68 --
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 2015Dec 2016Dec 2017Dec 2018Dec 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 --
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
PER23.73
ROA19.73%
ROE24.15%
Operating margin60.06%
Profit margin46.51%

Key executives

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

Shareholders

  • CHEN SHIH CHING (5.0%)
  • CHIANG TSUI YING (4.9%)
  • The Vanguard Group, Inc. (2.7%)
  • HSIEH MING YUAN (2.6%)
  • LIN EN PING (2.5%)
  • Capital Research & Management Co. (World Investors) (2.1%)
  • LIN EN CHOU (2.1%)
  • T. Rowe Price International Ltd. (1.6%)
  • BlackRock Fund Advisors (1.5%)
  • LIANG CHUNG JEN (1.5%)

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 1 Apr, 2020

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