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Electronic Technology

LARGAN Precision Co., Ltd.

  • 4,355.00 TWD
  • -165.00
  • -3.65%
  • Taiwan
    Aug 16, 2018
  • Ticker
    TAI(3008)
  • Prev. close
    4,520.00
  • Market cap (TWD)
    606,313.68M
  • Market cap (USD)
    19,667.94M
  • 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 2017 TWDUSD
Revenue53,135.53M1,746.57M
Gross Profit36,682.14M1,205.74M
Operating income32,093.30M1,054.91M
Income before tax31,999.97M1,051.84M
Net income25,975.62M853.82M
EBITDA34,393.87M1,130.53M
Diluted EPS191.776.30
Dividends Per Share72.502.38
Total Assets115,901.23M3,894.72M
Total liabilities23,504.00M789.82M
Total equity92,397.23M3,104.90M
Operating cash flow31,573.48M1,037.82M
Currency in TWDCurrency in USD

Historical Data

 Dec 2013Dec 2014Dec 2015Dec 2016Dec 2017
Revenue 27,433.29M 45,810.26M 55,868.89M 48,324.26M 53,135.53M
Gross Profit 12,815.89M 24,383.95M 31,921.48M 32,262.99M 36,682.14M
Operating income 10,781.03M 21,066.83M 27,654.63M 27,913.95M 32,093.30M
Income before tax 11,552.16M 22,931.57M 29,165.81M 28,236.75M 31,999.97M
Net income 9,609.79M 19,438.09M 24,156.52M 22,733.02M 25,975.62M
EBITDA 12,228.84M 22,727.96M 29,495.39M 30,012.45M 34,393.87M
Diluted EPS 70.63 142.94 176.92 167.82 191.77
Dividends Per Share 28.50 51 63.50 63.50 72.50
Total Assets 38,613.55M 61,053.58M 83,986.57M 97,074.46M 115,901.23M
Total liabilities 8,168.40M 14,855.41M 20,600.27M 20,231.94M 23,504.00M
Total equity 30,445.15M 46,198.16M 63,386.29M 76,842.51M 92,397.23M
Operating cash flow 11,298.03M 19,826.18M 29,240.69M 23,998.06M 31,573.48M
 Dec 2013Dec 2014Dec 2015Dec 2016Dec 2017
Revenue 924.26M 1,511.72M 1,759.42M 1,498.38M 1,746.57M
Gross Profit 431.78M 804.66M 1,005.27M 1,000.37M 1,205.74M
Operating income 363.22M 695.20M 870.90M 865.52M 1,054.91M
Income before tax 389.20M 756.73M 918.49M 875.53M 1,051.84M
Net income 323.76M 641.45M 760.73M 704.88M 853.82M
EBITDA 412.00M 750.01M 928.86M 930.59M 1,130.53M
Diluted EPS 2.37 4.71 5.57 5.20 6.30
Dividends Per Share 0.96 1.68 1.99 1.96 2.38
Total Assets 1,295.60M 1,931.95M 2,556.90M 3,012.02M 3,894.72M
Total liabilities 274.07M 470.07M 627.15M 627.75M 789.82M
Total equity 1,021.52M 1,461.87M 1,929.74M 2,384.26M 3,104.90M
Operating cash flow 380.64M 654.26M 920.84M 744.10M 1,037.82M

Valuation Measures

Dec 2017
PER20.75
ROA24.39%
ROE30.69%
Operating margin60.39%
Profit margin48.88%

Key executives

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

Shareholders

  • Capital Research & Management Co. (World Investors) (5.1%)
  • CHEN SHIH CHING (5.0%)
  • CHIANG TSUI YING (4.9%)
  • LIN EN PING (4.4%)
  • LIN EN CHOU (3.0%)
  • KAO FANG CHEN (2.7%)
  • T. Rowe Price International Ltd. (2.7%)
  • HSIEH MING YUAN (2.6%)
  • The Vanguard Group, Inc. (2.5%)
  • 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

  • Glory Science Co., Ltd
  • Kinko Optical Co. Ltd.
Last Updated on 16 Aug, 2018

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