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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 2020 TWDUSD
Revenue1,399.33B47,524.39M
Gross Profit47,675.73M1,619.17M
Operating income19,074.22M647.80M
Income before tax29,323.52M995.89M
Net income20,207.59M686.29M
EBITDA37,391.92M1,269.91M
Diluted EPS7.630.25
Dividends Per Share4.480.15
Total Assets684,346.60M24,355.70M
Total liabilities485,406.08M17,275.46M
Total equity162,594.58M5,786.69M
Operating cash flow-26,496.42M-899.87M
Currency in TWDCurrency in USD

Historical Data

 Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020
Revenue 1,157.71B 1,193.80B 1,340.00B 1,366.28B 1,399.33B
Gross Profit 61,640.55M 44,843.91M 38,992.42M 43,141.80M 47,675.73M
Operating income 32,484.30M 19,197.66M 11,930.63M 16,948.44M 19,074.22M
Income before tax 29,082.80M 20,417.53M 15,083.23M 25,407.62M 29,323.52M
Net income 19,339.81M 14,682.98M 11,114.86M 19,317.74M 20,207.59M
EBITDA 45,388.12M 32,303.66M 28,403.58M 35,512.79M 37,391.92M
Diluted EPS 7.42 5.63 4.22 7.32 7.63
Dividends Per Share 4.92 4.00 3.50 4.50 4.48
Total Assets 443,945.23M 488,235.61M 584,350.61M 570,519.79M 684,346.60M
Total liabilities 261,923.03M 308,511.80M 397,903.83M 377,274.28M 485,406.08M
Total equity 148,269.59M 145,975.73M 150,028.83M 157,665.06M 162,594.58M
Operating cash flow 71,256.04M 17,877.82M -23,182.96M 77,256.81M -26,496.42M
 Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020
Revenue 35,897.09M 39,240.70M 44,437.93M 44,198.23M 47,524.39M
Gross Profit 1,911.28M 1,474.02M 1,293.08M 1,395.60M 1,619.17M
Operating income 1,007.24M 631.03M 395.65M 548.26M 647.80M
Income before tax 901.76M 671.12M 500.19M 821.91M 995.89M
Net income 599.66M 482.63M 368.59M 624.91M 686.29M
EBITDA 1,407.34M 1,061.82M 941.93M 1,148.80M 1,269.91M
Diluted EPS 0.23 0.18 0.14 0.23 0.25
Dividends Per Share 0.15 0.13 0.11 0.14 0.15
Total Assets 13,774.71M 16,406.59M 19,011.31M 19,031.91M 24,355.70M
Total liabilities 8,126.93M 10,367.18M 12,945.43M 12,585.45M 17,275.46M
Total equity 4,600.50M 4,905.34M 4,881.05M 5,259.53M 5,786.69M
Operating cash flow 2,209.43M 587.64M -768.80M 2,499.19M -899.87M

Valuation Measures

Dec 2020
PER8.70
ROA3.22%
ROE12.61%
Operating margin1.36%
Profit margin1.44%

Key executives

  • Chairman & Group CEO: Tzu Hsien Tung
  • 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

Shareholders

  • ASUSTek Computer, Inc. (16.7%)
  • TONG TZE HSIEN (3.6%)
  • SHIH CHUNG TANG (2.5%)
  • The Vanguard Group, Inc. (2.3%)
  • HSU SHIH CHANG (2.1%)
  • Fubon Life Insurance Co., Ltd. (2.0%)
  • Yuanta Securities Investment Trust Co., Ltd. (2.0%)
  • BlackRock Fund Advisors (1.8%)
  • 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
  • Global Brands Manufacture Limited
  • Clevo Co.
  • CyberTAN Technology, Inc.
  • Hitron Technologies Inc.
Last Updated on 17 Sep, 2021

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