ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon PrintIcon Twitter
Electronic Technology

Pegatron Corp.

Company Background

Pegatron is the second-largest contract electronics manufacturer in Taiwan, after Hon Hai Precision Industry, better known as Foxconn Technology Group. Pegatron's total assets exceed $14 billion. The company has a diverse product lineup, including motherboards, desktop PCs, notebooks, wireless systems, game consoles and TVs. By category, around 60% of sales come from smartphones and other communications devices.

The company is a major assembler for Apple. The U.S. technology giant reportedly allotted a small portion of its iPhone 4 orders to Pegatron, which led to the Taiwanese company landing a much bigger contract for the iPhone 5c in 2013. To make room for further growth, Pegatron has been building up its production capacity. It plans to spend up to $300 million in 2015 to expand its plants, including one in Suzhou, in China's Jiangsu Province.

Founded in 2008, Pegatron was once the production arm of Taiwan's Asustek Computer. Before joining Pegatron, Chairman T.H. Tung was one of the co-founders of Asus and served as that company's vice chairman. Asus remains the largest shareholder in Pegatron, with a roughly 17% stake.

Business Summary

Pegatron Corp. engages in the research, development, design, manufacturing, and maintenance services of information, communications, and consumer electronics. Its products include notebooks, desktop personal computers, motherboards, video graphics arrays, cable modems, set-top boxes, smartphones, game consoles, tablet personal computers, automotive electronics, and smart home devices. The company was founded on June 27, 2007 and is headquartered in Taipei, Taiwan.

Financial Highlights

Dec 2021 TWDUSD
Revenue1,263.72B45,242.95M
Gross Profit44,514.56M1,593.68M
Operating income16,849.08M603.22M
Income before tax26,579.52M951.58M
Net income20,545.64M735.56M
EBITDA30,496.27M1,091.80M
Diluted EPS7.620.27
Dividends Per Share5.000.17
Total Assets676,770.36M24,461.28M
Total liabilities482,503.48M17,439.67M
Total equity166,604.54M6,021.77M
Operating cash flow62,500.81M2,237.61M
Currency in TWDCurrency in USD

Historical Data

 Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021
Revenue 1,193.80B 1,340.00B 1,366.28B 1,399.33B 1,263.72B
Gross Profit 44,843.91M 38,992.42M 43,141.80M 47,675.73M 44,514.56M
Operating income 19,197.66M 11,930.63M 16,948.44M 19,074.22M 16,849.08M
Income before tax 20,417.53M 15,083.23M 25,407.62M 29,323.52M 26,579.52M
Net income 14,682.98M 11,114.86M 19,317.74M 20,207.59M 20,545.64M
EBITDA 32,303.66M 28,403.58M 35,512.79M 37,391.92M 30,496.27M
Diluted EPS 5.63 4.22 7.32 7.63 7.62
Dividends Per Share 4.00 3.50 4.50 4.48 5.00
Total Assets 488,235.61M 584,350.61M 570,519.79M 684,346.60M 676,770.36M
Total liabilities 308,511.80M 397,903.83M 377,274.28M 485,406.08M 482,503.48M
Total equity 145,975.73M 150,028.83M 157,665.06M 162,594.58M 166,604.54M
Operating cash flow 17,877.82M -23,182.96M 77,256.81M -26,496.42M 62,500.81M
 Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021
Revenue 39,240.70M 44,437.93M 44,198.23M 47,524.39M 45,242.95M
Gross Profit 1,474.02M 1,293.08M 1,395.60M 1,619.17M 1,593.68M
Operating income 631.03M 395.65M 548.26M 647.80M 603.22M
Income before tax 671.12M 500.19M 821.91M 995.89M 951.58M
Net income 482.63M 368.59M 624.91M 686.29M 735.56M
EBITDA 1,061.82M 941.93M 1,148.80M 1,269.91M 1,091.80M
Diluted EPS 0.18 0.14 0.23 0.25 0.27
Dividends Per Share 0.13 0.11 0.14 0.15 0.17
Total Assets 16,406.59M 19,011.31M 19,031.91M 24,355.70M 24,461.28M
Total liabilities 10,367.18M 12,945.43M 12,585.45M 17,275.46M 17,439.67M
Total equity 4,905.34M 4,881.05M 5,259.53M 5,786.69M 6,021.77M
Operating cash flow 587.64M -768.80M 2,499.19M -899.87M 2,237.61M

Valuation Measures

Dec 2021
PER8.96
ROA3.01%
ROE12.48%
Operating margin1.33%
Profit margin1.62%

Key executives

  • President, Chief Executive Officer, GM & Director: Syh-Jang Liao
  • Chief Operating Officer & Senior Vice President: Te-Tzu Yao
  • Head-Finance & Spokesman: Hsiang Hsiang Wu
  • Senior Vice President-Research & Development: Pei-Chin Wang
  • Chief Technology Officer & Senior Vice President: Chung Yu Huang

Shareholders

  • ASUSTek Computer, Inc. (16.8%)
  • TUNG TZU HSIEN (3.6%)
  • Yuanta Securities Investment Trust Co., Ltd. (2.6%)
  • SHIH CHUNG TANG (2.5%)
  • The Vanguard Group, Inc. (2.4%)
  • HSU SHIH CHANG (2.1%)
  • Fubon Life Insurance Co., Ltd. (2.0%)
  • BlackRock Fund Advisors (1.7%)
  • Norges Bank Investment Management (1.2%)
  • Dimensional Fund Advisors LP (1.0%)

Contact Details

Related Companies

  • Pegatron Technology Hai Phong Co., Ltd.
  • Pegatron Vietnam Co., Ltd.
  • PT Pegatron Technology Indonesia
  • Pegatron Services Australia Pty Ltd.
  • Pegatron Technology India Pvt Ltd.
  • Pegasus Ace Ltd.
  • Pegatron Corp. (Guangdong Province)
  • Pegatron Corp. (Chongqing Province)
  • Pegatron Corp. (Jiangsu Province)
  • FuYang Technology Corp.
  • Pegatron Corp. ESOP
  • Pegatron Corp. (US)
  • Pegatron Holland Holding BV
  • Pegatron Corp. (China)
  • AVY Precision Electroplating (Suzhou) Co. Ltd /Private Group/
  • Mingshuo Computer (Suzhou) Co. Ltd.
  • ASUS Service Canada
  • Chieh-Hsin International, Inc.
  • Pegatron USA, Inc.
  • Advansus Computer Co. Ltd.
  • Pegatron Holding Ltd.
  • AMA Precision, Inc.
  • Unihan Holding Ltd.
  • Unihan Corp.
  • ASUS Investment Co., Ltd.
  • Casetek Holdings Ltd.
  • Asuspower Corp.
  • Asuspower Investment Co., Ltd.
  • ASUSTek Investment Co., Ltd.

Competitors

  • Wistron Corporation
  • Compal Electronics, Inc.
  • Quanta Computer Inc.
  • Inventec Corporation
  • Universal Scientific Industrial (Shanghai) Co., Ltd. Class A
  • Clevo Co.
  • CyberTAN Technology, Inc.
  • Hitron Technologies Inc.
Last Updated on 29 Jun, 2022

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more