Lite-On Technology Corp.

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See more articles on 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	TWD	USD
Revenue	177,954.16M	5,756.66M
Gross Profit	26,269.16M	849.78M
Operating income	9,353.59M	302.58M
Income before tax	12,303.76M	398.01M
Net income	9,374.89M	303.27M
EBITDA	13,968.48M	451.86M
Diluted EPS	3.98	0.12
Dividends Per Share	3.20	0.10
Total Assets	186,632.50M	6,225.85M
Total liabilities	111,991.11M	3,735.90M
Total equity	72,459.77M	2,417.17M
Operating cash flow	19,176.63M	620.34M
	Currency in TWD	Currency in USD

Historical Data

TWD | USD

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 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 2015	Dec 2016	Dec 2017	Dec 2018	Dec 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
PER	12.23
ROA	4.88%
ROE	13.04%
Operating margin	5.25%
Profit margin	5.26%

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 (2.7%)
Mars Investment Ltd. (2.4%)
Dimensional Fund Advisors LP (2.0%)
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

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Competitors

Kinpo Electronics, Inc.
Cheng Uei Precision Industry Co., Ltd.
Advanced Energy Industries, Inc.
Darfon Electronics Corp
INPAQ Technology Co., Ltd
Primax Electronics Ltd.
Everlight Electronics Co., Ltd.
AzureWave Technologies, Inc.
NVE Corporation
SemiLEDs Corporation

Last Updated on 3 Aug, 2020