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 2018	TWD	USD
Revenue	207,109.08M	6,868.27M
Gross Profit	26,069.24M	864.52M
Operating income	7,485.81M	248.24M
Income before tax	10,605.25M	351.69M
Net income	7,956.83M	263.86M
EBITDA	12,490.56M	414.21M
Diluted EPS	3.38	0.11
Dividends Per Share	2.92	0.09
Total Assets	197,136.06M	6,413.64M
Total liabilities	122,457.66M	3,984.04M
Total equity	71,323.75M	2,320.45M
Operating cash flow	12,375.26M	410.39M
	Currency in TWD	Currency in USD

Historical Data

TWD | USD

	Dec 2014	Dec 2015	Dec 2016	Dec 2017	Dec 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 2014	Dec 2015	Dec 2016	Dec 2017	Dec 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
PER	11.85
ROA	4.11%
ROE	11.21%
Operating margin	3.61%
Profit margin	3.84%

Key executives

Vice Chairman & Group Chief Executive Officer: Kuang Chung Chen
Spokesman, Deputy GM, Head-Finance & Accounting: Kun Cheng Chu
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%)
Mars Investment Ltd. (2.4%)
Hermes Investment Management Ltd. (2.3%)
Dimensional Fund Advisors LP (2.3%)
BlackRock Fund Advisors (2.1%)
Ming Hsing Investment Co. Ltd. (2.0%)
Fubon Life Insurance Co., Ltd. (1.9%)
Labor Pension New Fund (1.5%)

Contact Details

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

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Competitors

OFILM Group Co., Ltd. Class A
Cheng Uei Precision Industry Co., Ltd.
Darfon Electronics Corp
NVE Corporation
Sunrex Technology Corporation
SemiLEDs Corporation

Last Updated on 23 Oct, 2019