Electronic Technology
LARGAN Precision Co., Ltd.
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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 | 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 | -- | -- |
| 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 | 167.81 | 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 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 | -- |
| 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
- 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
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- Ta Yang Technology Co. Ltd.
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- Largan (Hong Kong) Ltd.
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Competitors
- Kinko Optical Co. Ltd.
- GeniuS Electronic Optical Co., Ltd.
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Last Updated on 1 Apr, 2020