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Electronic Technology

Lite-On Technology Corp.

  • 44.70 TWD
  • -0.30
  • -0.67%
  • Taiwan
    Apr 23, 2019
  • Ticker
    TAI(2301)
  • Prev. close
    45.00
  • Market cap (TWD)
    105,789.01M
  • Market cap (USD)
    3,429.41M
  • Shares
    2,350.86M

Company Background

Lite-On Technology is a major Taiwanese manufacturer of light-emitting diodes and computer peripherals. Its core businesses include LED lighting, power supply systems for electronics, and computer and game console casings.

The company was founded in 1975 by former employees of Texas Instruments. In 1983, Lite-On became the first Taiwanese electronics company to be listed on the local stock exchange.

Lite-On since 2001 has sponsored a prestigious innovation award in Taiwan, its way of fostering technological progress. In recent years, the company has built up its green credentials, particularly with power-saving technologies, leading to its inclusion in the Dow Jones Sustainability Indices.

Raymond Soong, one of the founders, is the incumbent chairman. He holds a bachelor's degree in electronic engineering from Taipei College of Technology.

Business Summary

Lite-On Technology Corp. engages in the manufacture and sale of computer information systems. It focuses on components, module, and system. Its products include power supply, optoelectronics, storage, phone camera module, network, DT casing, portable entertaining system, multi-function product printer, input device, network switch, access point, and industrial automation. The company was founded on June 2, 1975 and is headquartered in Taipei, Taiwan.

Financial Highlights

Dec 2018 TWDUSD
Revenue207,109.08M6,868.27M
Gross Profit26,069.24M864.52M
Operating income7,485.81M248.24M
Income before tax10,605.25M351.69M
Net income7,956.83M263.86M
EBITDA12,490.56M414.21M
Diluted EPS3.380.11
Dividends Per Share2.920.09
Total Assets197,136.06M6,413.64M
Total liabilities122,457.66M3,984.04M
Total equity71,323.75M2,320.45M
Operating cash flow12,375.26M410.39M
Currency in TWDCurrency in USD

Historical Data

 Dec 2014Dec 2015Dec 2016Dec 2017Dec 2018
Revenue 230,631.97M 216,928.73M 229,571.75M 214,564.32M 207,109.08M
Gross Profit 26,718.70M 26,786.92M 29,965.64M 26,483.80M 26,069.24M
Operating income 7,126.08M 8,652.82M 12,709.26M 8,343.96M 7,485.81M
Income before tax 7,747.87M 9,882.20M 12,560.40M 3,201.28M 10,605.25M
Net income 6,460.80M 7,222.89M 9,416.35M 2,629.33M 7,956.83M
EBITDA 14,803.13M 15,933.08M 19,516.65M 14,440.95M 12,490.56M
Diluted EPS 2.72 3.05 4 1.13 3.38
Dividends Per Share 1.95 2.17 2.92 2.92 2.92
Total Assets 216,533.82M 209,653.86M 210,856.78M 189,995.75M 197,136.06M
Total liabilities 137,361.19M 129,970.27M 131,576.35M 116,228.32M 122,457.66M
Total equity 74,974.20M 75,988.51M 75,931.53M 70,511.47M 71,323.75M
Operating cash flow 13,978.31M 15,573.49M 14,487.16M 10,705.37M 12,375.26M
 Dec 2014Dec 2015Dec 2016Dec 2017Dec 2018
Revenue 7,610.80M 6,831.52M 7,118.32M 7,052.76M 6,868.27M
Gross Profit 881.71M 843.57M 929.14M 870.52M 864.52M
Operating income 235.15M 272.49M 394.07M 274.26M 248.24M
Income before tax 255.67M 311.21M 389.46M 105.22M 351.69M
Net income 213.20M 227.46M 291.97M 86.42M 263.86M
EBITDA 488.50M 501.76M 605.15M 474.67M 414.21M
Diluted EPS 0.08 0.09 0.12 0.03 0.11
Dividends Per Share 0.06 0.06 0.09 0.09 0.09
Total Assets 6,851.90M 6,382.74M 6,542.45M 6,384.58M 6,413.64M
Total liabilities 4,346.59M 3,956.83M 4,082.54M 3,905.71M 3,984.04M
Total equity 2,372.45M 2,313.40M 2,356.00M 2,369.45M 2,320.45M
Operating cash flow 461.28M 490.44M 449.20M 351.88M 410.39M

Valuation Measures

Dec 2018
PER11.85
ROA4.11%
ROE11.21%
Operating margin3.61%
Profit margin3.84%

Key executives

  • Vice Chairman & General Manager: Kuang Chung Chen
  • Spokesman, Deputy GM, Head-Finance & Accounting: Kun Cheng Chu
  • Deputy General Manager: Hsueh Fu Liao
  • Director-Investor & Public Relations: Yue Ling Wang

Shareholders

  • SOONG KUNG YUAN RAYMOND (7.0%)
  • The Vanguard Group, Inc. (3.1%)
  • Hermes Investment Management Ltd. (2.4%)
  • Dimensional Fund Advisors LP (2.4%)
  • BlackRock Fund Advisors (2.4%)
  • Norges Bank Investment Management (1.2%)
  • BlackRock Japan Co., Ltd. (0.8%)
  • BlackRock Advisors (UK) Ltd. (0.6%)
  • SSgA Funds Management, Inc. (0.6%)
  • Lite-On Technology Corp. (0.6%)

Contact Details

  • Website:http://www.liteon.com
  • Address: 22nd Floor, No. 392 Ruey Kuang Road, Taipei, 114 92, Taiwan
  • Phone: +886.2.8798.2888

Related Companies

  • Shenzhen Lite on-Mobile Precision Molds Co., Ltd.
  • Lite-On Mobile Electronic & Telecommunication Components Co.
  • Lite-On Green Technologies BV
  • LarView Technologies Corp.
  • Lite-On Photoelectricity (Wuxi) Co. Ltd.
  • Lite-On Green Technologies Australia Pty Ltd.
  • Lite-On Green Technologies (Nanjing) Co. Ltd.
  • Lite-On Green Energy (HK) Ltd.
  • Lite-On Green Technologies (HK) Ltd.
  • Lite-On Green Technology BV
  • Lite-On Hui Tsai Information Services Co., Ltd.
  • Lite-On Technology (Guangzhou) Investment Co. Ltd.
  • Shenzhen Xuji Electronic Technology Co. Ltd.
  • Wuxi Lite-on Opto Technology Co. Ltd.
  • Lite-On Clean Energy Technology Corp.
  • Lite-On Automotive (Wuxi) Co. Ltd.
  • LTC International (L) Bhd.
  • Silitek Electronics (Guangzhou) Co., Ltd.
  • Lite-On (Guangzhou) Precision Mold Co., Ltd.
  • Lite-On Technology (Guangzhou) Co., Ltd.
  • Lite-On Green Technologies, Inc.
  • Lite-On China Holding Co. Ltd. (BVI)
  • Lite-On Electronics (Thailand) Co. Ltd.
  • LTC Group Ltd.
  • LTC International Ltd.
  • Titanic Capital Services Ltd.
  • Lite-On Technology USA, Inc.
  • Lite-On Green Energy BV
  • Lite-On Mobile Pte Ltd.
  • I-Solutions Ltd.

Competitors

  • OFILM Group Co., Ltd. Class A
  • Cheng Uei Precision Industry Co., Ltd.
  • Darfon Electronics Corp
  • Sunrex Technology Corporation
  • SemiLEDs Corporation
  • NVE Corporation
Last Updated on 23 Apr, 2019

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