Electronic Technology
Lite-On Technology Corp.
- 46.40 TWD
- -1.50
- -3.13%
Taiwan
Aug 16, 2019Ticker
TAI(2301)Prev. close
47.90Market cap (TWD)
112,607MMarket cap (USD)
3,590.66MShares
2,350.87M
In the news
- Taiwan -- unlikely beneficiary of the trade war? Mar 21, 2019
- Foxconn looks to move server production back to Taiwan for security Mar 18, 2019
- Apple supplier TSMC cuts growth target again on trade worries Oct 18, 2018
- Taiwan tells companies to seek green light for trading with ZTE Apr 28, 2018
- Taiwan's MediaTek suspends supplies to ZTE after US ban Apr 28, 2018 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
| 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 & General Manager: Kuang Chung Chen
- Spokesman, Deputy GM, Head-Finance & Accounting: Kun Cheng Chu
- 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. (2.4%)
- Dimensional Fund Advisors LP (2.3%)
- BlackRock Fund Advisors (2.3%)
- 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
Related Companies
- 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.
- Lite-On Green Energy BV
Competitors
- OFILM Group Co., Ltd. Class A
- Cheng Uei Precision Industry Co., Ltd.
- Darfon Electronics Corp
- Sunrex Technology Corporation
- SemiLEDs Corporation
- NVE Corporation
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Last Updated on 16 Aug, 2019