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Electronic Technology

Lite-On Technology Corp.

  • 40.50 TWD
  • -0.35
  • -0.86%
  • Taiwan
    Apr 20, 2018
  • Ticker
    TAI(2301)
  • Prev. close
    40.85
  • Market cap (TWD)
    96,032.90M
  • Market cap (USD)
    3,266.54M
  • Shares
    2,350.87M

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 2017 TWDUSD
Revenue214,564.32M7,052.76M
Gross Profit26,483.80M870.52M
Operating income8,343.96M274.26M
Income before tax3,201.28M105.22M
Net income2,629.33M86.42M
EBITDA14,440.95M474.67M
Diluted EPS1.130.03
Dividends Per Share2.920.09
Total Assets189,995.75M6,384.58M
Total liabilities116,228.32M3,905.71M
Total equity70,511.47M2,369.45M
Operating cash flow10,705.37M351.88M
Currency in TWDCurrency in USD

Historical Data

 Dec 2013Dec 2014Dec 2015Dec 2016Dec 2017
Revenue 213,214.29M 230,631.97M 216,928.73M 229,571.75M 214,564.32M
Gross Profit 29,184.17M 26,718.70M 26,786.92M 29,965.64M 26,483.80M
Operating income 10,042.29M 7,126.08M 8,652.82M 12,709.26M 8,343.96M
Income before tax 11,588.34M 7,747.87M 9,882.20M 12,560.40M 3,201.28M
Net income 8,754.84M 6,460.80M 7,222.89M 9,416.35M 2,629.33M
EBITDA 17,035.18M 14,803.13M 15,933.08M 19,516.65M 14,440.95M
Diluted EPS 3.73 2.72 3.05 4 1.13
Dividends Per Share 2.67 1.95 2.17 2.92 2.92
Total Assets 212,361.48M 216,533.82M 209,653.86M 210,856.78M 189,995.75M
Total liabilities 133,124.33M 137,361.19M 129,970.27M 131,576.35M 116,228.32M
Total equity 73,036.30M 74,974.20M 75,988.51M 75,931.53M 70,511.47M
Operating cash flow 15,434.59M 13,978.31M 15,573.49M 14,487.16M 10,705.37M
 Dec 2013Dec 2014Dec 2015Dec 2016Dec 2017
Revenue 7,183.46M 7,610.80M 6,831.52M 7,118.32M 7,052.76M
Gross Profit 983.25M 881.71M 843.57M 929.14M 870.52M
Operating income 338.33M 235.15M 272.49M 394.07M 274.26M
Income before tax 390.42M 255.67M 311.21M 389.46M 105.22M
Net income 294.96M 213.20M 227.46M 291.97M 86.42M
EBITDA 573.93M 488.50M 501.76M 605.15M 474.67M
Diluted EPS 0.12 0.08 0.09 0.12 0.03
Dividends Per Share 0.09 0.06 0.06 0.09 0.09
Total Assets 7,125.38M 6,851.90M 6,382.74M 6,542.45M 6,384.58M
Total liabilities 4,466.73M 4,346.59M 3,956.83M 4,082.54M 3,905.71M
Total equity 2,450.59M 2,372.45M 2,313.40M 2,356.00M 2,369.45M
Operating cash flow 520.01M 461.28M 490.44M 449.20M 351.88M

Valuation Measures

Dec 2017
PER35.92
ROA1.31%
ROE3.59%
Operating margin3.88%
Profit margin1.22%

Key executives

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

Shareholders

  • SOONG KUNG YUAN RAYMOND (7.0%)
  • Ta Rong Investment Co. Ltd. (3.6%)
  • The Vanguard Group, Inc. (3.1%)
  • BlackRock Fund Advisors (3.0%)
  • Dimensional Fund Advisors LP (2.4%)
  • Grantham, Mayo, Van Otterloo & Co. LLC (2.2%)
  • Ming Hsing Investment Co. Ltd. (1.9%)
  • GIC Pte Ltd. (Investment Management) (1.4%)
  • Norges Bank Investment Management (1.1%)
  • APG Asset Management NV (0.8%)

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 Technology Corp. /Camera Module Bus/
  • Shenzhen Lite on-Mobile Precision Molds Co., Ltd.
  • Zhuhai Lite-On Mobile Technology 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

  • Cheng Uei Precision Industry Co., Ltd.
  • SemiLEDs Corporation
  • Billion Electric Co., Ltd.
  • NVE Corporation
  • Universal Scientific Industrial (Shanghai) Co., Ltd. Class A
Last Updated on 20 Apr, 2018

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