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Electronic Technology

Lite-On Technology Corp.

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. provides optoelectronics, information technology and storage devices components. It focuses on components, module, and systems. The company produces products that are used in a broad range of applications, such as computers, communications, consumer electronics, automotive electronics, LED lighting, cloud computing, industrial automation as well as biotech and healthcare. Lite-On Technology was founded on June 2, 1975 and is headquartered in Taipei, Taiwan.

Financial Highlights

Dec 2019 TWDUSD
Revenue177,954.16M5,756.66M
Gross Profit26,269.16M849.78M
Operating income9,353.59M302.58M
Income before tax12,303.76M398.01M
Net income9,374.89M303.27M
EBITDA13,968.48M451.86M
Diluted EPS3.980.12
Dividends Per Share3.200.10
Total Assets186,632.50M6,225.85M
Total liabilities111,991.11M3,735.90M
Total equity72,459.77M2,417.17M
Operating cash flow19,176.63M620.34M
Currency in TWDCurrency in USD

Historical Data

 Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019
Revenue 216,928.73M 229,571.75M 214,564.32M 207,109.08M 177,954.16M
Gross Profit 26,786.92M 29,965.64M 26,483.80M 26,069.24M 26,269.16M
Operating income 8,652.82M 12,709.26M 8,343.96M 7,485.81M 9,353.59M
Income before tax 9,882.20M 12,560.40M 3,201.28M 10,605.25M 12,303.76M
Net income 7,222.89M 9,416.35M 2,629.33M 7,956.83M 9,374.89M
EBITDA 15,933.08M 19,516.65M 14,440.95M 12,490.56M 13,968.48M
Diluted EPS 3.05 4 1.13 3.38 3.98
Dividends Per Share 2.17 2.92 2.92 2.92 3.20
Total Assets 209,653.86M 210,856.78M 189,995.75M 197,136.06M 186,632.50M
Total liabilities 129,970.27M 131,576.35M 116,228.32M 122,457.66M 111,991.11M
Total equity 75,988.51M 75,931.53M 70,511.47M 71,323.75M 72,459.77M
Operating cash flow 15,573.49M 14,487.16M 10,705.37M 12,375.26M 19,176.63M
 Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019
Revenue 6,831.52M 7,118.32M 7,052.76M 6,868.27M 5,756.66M
Gross Profit 843.57M 929.14M 870.52M 864.52M 849.78M
Operating income 272.49M 394.07M 274.26M 248.24M 302.58M
Income before tax 311.21M 389.46M 105.22M 351.69M 398.01M
Net income 227.46M 291.97M 86.42M 263.86M 303.27M
EBITDA 501.76M 605.15M 474.67M 414.21M 451.86M
Diluted EPS 0.09 0.12 0.03 0.11 0.12
Dividends Per Share 0.06 0.09 0.09 0.09 0.10
Total Assets 6,382.74M 6,542.45M 6,384.58M 6,413.64M 6,225.85M
Total liabilities 3,956.83M 4,082.54M 3,905.71M 3,984.04M 3,735.90M
Total equity 2,313.40M 2,356.00M 2,369.45M 2,320.45M 2,417.17M
Operating cash flow 490.44M 449.20M 351.88M 410.39M 620.34M

Valuation Measures

Dec 2019
PER12.23
ROA4.88%
ROE13.04%
Operating margin5.25%
Profit margin5.26%

Key executives

  • Vice Chairman & Group Chief Executive Officer: Warren Chen
  • Spokesman, Deputy GM, Head-Finance & Accounting: Kun Cheng Chu
  • Senior Vice President: Meng Hua Huang
  • General Manager-Photoelectric Business Group: Rex Chuang
  • Director & Deputy General Manager: Ming Feng Song

Shareholders

  • SOONG KUNG YUAN RAYMOND (7.0%)
  • Ta Rong Investment Co. Ltd. (3.6%)
  • The Vanguard Group, Inc. (3.2%)
  • BlackRock Fund Advisors (2.8%)
  • Mars Investment Ltd. (2.4%)
  • Dimensional Fund Advisors LP (2.3%)
  • Ming Hsing Investment Co. Ltd. (2.0%)
  • Fubon Life Insurance Co., Ltd. (1.9%)
  • Hermes Investment Management Ltd. (1.9%)
  • Labor Pension New Fund (1.5%)

Contact Details

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

Related Companies

  • Lite-On Technology Corp. /Solid State Drive Business/
  • Lite-On Power Electronic India Pvt Ltd.
  • Lite-On Electronics (Guangzhou) Co., Ltd.
  • 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.

Competitors

  • Cheng Uei Precision Industry Co., Ltd.
  • Advanced Energy Industries, Inc.
  • Darfon Electronics Corp
  • INPAQ Technology Co., Ltd
  • AzureWave Technologies, Inc.
  • NVE Corporation
  • Sunrex Technology Corporation
  • SemiLEDs Corporation
  • Universal Scientific Industrial (Shanghai) Co., Ltd. Class A
Last Updated on 27 Mar, 2020

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