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Electronic Technology

Pegatron Corp.

  • 57.00 TWD
  • -0.50
  • -0.87%
  • Taiwan
    Oct 19, 2018
  • Ticker
    TAI(4938)
  • Prev. close
    57.50
  • Market cap (TWD)
    150,232.92M
  • Market cap (USD)
    4,848.80M
  • Shares
    2,612.74M

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 electronic and computing design, manufacturing, and service. It focuses on computing, communication and consumer electronic products, which include notebook, personal computer, desktop, motherboard, mobile internet devices, tablets, cable modems, set-top boxes, smartphones, game consoles. The company was founded on June 27, 2007 and is headquartered in Taipei, Taiwan.

Financial Highlights

Dec 2017 TWDUSD
Revenue1,193.80B39,240.70M
Gross Profit44,843.91M1,474.02M
Operating income19,197.66M631.03M
Income before tax20,417.53M671.12M
Net income14,682.98M482.63M
EBITDA32,303.66M1,061.82M
Diluted EPS5.630.18
Dividends Per Share4.000.13
Total Assets488,235.61M16,406.59M
Total liabilities308,511.80M10,367.18M
Total equity145,975.73M4,905.34M
Operating cash flow17,877.82M587.64M
Currency in TWDCurrency in USD

Historical Data

 Dec 2013Dec 2014Dec 2015Dec 2016Dec 2017
Revenue 949,752.02M 1,019.73B 1,213.71B 1,157.71B 1,193.80B
Gross Profit 43,309.05M 57,450.68M 73,786.23M 61,640.55M 44,843.91M
Operating income 15,616.03M 28,326.36M 39,785.50M 32,484.30M 19,197.66M
Income before tax 19,105.45M 26,582.41M 39,198.86M 29,082.80M 20,417.53M
Net income 9,554.49M 14,658.13M 23,811.62M 19,339.81M 14,682.98M
EBITDA 29,530.47M 42,078.40M 53,469.11M 45,388.12M 32,303.66M
Diluted EPS 3.74 6.17 9.10 7.42 5.63
Dividends Per Share 2.76 4.03 5.02 4.92 4.00
Total Assets 415,895.52M 457,093.14M 476,086.66M 443,945.23M 488,235.61M
Total liabilities 271,840.34M 282,221.91M 283,748.13M 261,923.03M 308,511.80M
Total equity 107,303.79M 133,670.93M 150,380.13M 148,269.59M 145,975.73M
Operating cash flow 25,451.32M 48,604.83M 7,517.64M 71,256.04M 17,877.82M
 Dec 2013Dec 2014Dec 2015Dec 2016Dec 2017
Revenue 31,998.38M 33,651.17M 38,222.27M 35,897.09M 39,240.70M
Gross Profit 1,459.13M 1,895.86M 2,323.67M 1,911.28M 1,474.02M
Operating income 526.12M 934.76M 1,252.92M 1,007.24M 631.03M
Income before tax 643.68M 877.21M 1,234.45M 901.76M 671.12M
Net income 321.90M 483.71M 749.87M 599.66M 482.63M
EBITDA 994.92M 1,388.57M 1,683.85M 1,407.34M 1,061.82M
Diluted EPS 0.12 0.20 0.28 0.23 0.18
Dividends Per Share 0.09 0.13 0.15 0.15 0.13
Total Assets 13,954.58M 14,464.05M 14,494.06M 13,774.71M 16,406.59M
Total liabilities 9,121.08M 8,930.50M 8,638.47M 8,126.93M 10,367.18M
Total equity 3,600.37M 4,229.82M 4,578.19M 4,600.50M 4,905.34M
Operating cash flow 857.48M 1,603.94M 236.74M 2,209.43M 587.64M

Valuation Measures

Dec 2017
PER12.72
ROA3.15%
ROE9.98%
Operating margin1.60%
Profit margin1.22%

Key executives

  • President, Chief Executive Officer & Director: Syh-Jang Liao
  • Chief Operating Officer & Senior Vice President: Te-Tzu Yao
  • Chief Financial Officer: Chiu Tan Lin
  • Senior Vice President-Research & Development: Pei-Chin Wang
  • Chief Technology Officer & Senior Vice President: Chung Yu Huang

Shareholders

  • ASUSTek Computer, Inc. (17.1%)
  • TONG ZI XIAN (3.5%)
  • The Vanguard Group, Inc. (2.5%)
  • Dimensional Fund Advisors LP (2.1%)
  • BlackRock Fund Advisors (1.7%)
  • Norges Bank Investment Management (1.2%)
  • Grantham, Mayo, Van Otterloo & Co. LLC (1.0%)
  • Robeco Institutional Asset Management BV (0.9%)
  • APG Asset Management NV (0.7%)
  • Eastspring Investments (Singapore) Ltd. (0.5%)

Contact Details

Related Companies

  • Pegatron Corp. (Guangdong Province)
  • Pegatron Corp. (Chongqing Province)
  • Pegatron Corp. (Jiangsu Province)
  • Pegatron Corp. ESOP
  • Pegatron Corp. (US)
  • Pegatron Corp. (China)
  • AVY Precision Electroplating (Suzhou) Co. Ltd /Private Group/
  • Mingshuo Computer (Suzhou) Co. Ltd.
  • Calrock Holdings LLC
  • ASUS Service Canada
  • Pega International Ltd.
  • Starlink Electronics Corp.
  • Chieh-Hsin International, Inc.
  • Pegatron Technology Service, Inc.
  • Pegatron Japan, Inc.
  • Pegatron USA, Inc.
  • Advansus Computer Co. Ltd.
  • Pegatron Holding Ltd.
  • Unihan Corp.
  • ASUS Investment Co., Ltd.
  • Casetek Holdings Ltd.
  • Asuspower Corp.
  • Asuspower Investment Co., Ltd.
  • ASUSTek Investment Co., Ltd.

Competitors

  • Universal Scientific Industrial (Shanghai) Co., Ltd. Class A
  • Aerospace Communications Holdings Co., Ltd. Class A
  • CyberTAN Technology, Inc.
Last Updated on 19 Oct, 2018

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