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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 2022 TWDUSD
Gross Profit54,808.23M1,838.40M
Operating income25,394.91M851.80M
Income before tax23,917.22M802.24M
Net income15,339.29M514.51M
Diluted EPS5.600.18
Dividends Per Share40.13
Total Assets636,222.78M20,699.93M
Total liabilities421,654.52M13,718.81M
Total equity182,488.56M5,937.38M
Operating cash flow21,374.99M716.96M
Currency in TWDCurrency in USD

Historical Data

 Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022
Revenue 1,340.00B 1,366.28B 1,399.33B 1,261.38B 1,317.59B
Gross Profit 38,992.42M 43,141.80M 47,675.73M 44,742.65M 54,808.23M
Operating income 11,930.63M 16,948.44M 19,074.22M 17,325.09M 25,394.91M
Income before tax 15,083.23M 25,407.62M 29,323.52M 27,056.73M 23,917.22M
Net income 11,114.86M 19,317.74M 20,207.59M 21,022.85M 15,339.29M
EBITDA 28,403.58M 35,512.79M 37,391.92M 30,972.28M 40,200.86M
Diluted EPS 4.22 7.32 7.63 7.62 5.60
Dividends Per Share 3.50 4.50 4.48 5.00 4
Total Assets 584,350.61M 570,519.79M 684,346.60M 676,770.36M 636,222.78M
Total liabilities 397,903.83M 377,274.28M 485,406.08M 482,503.48M 421,654.52M
Total equity 150,028.83M 157,665.06M 162,594.58M 166,604.54M 182,488.56M
Operating cash flow -23,182.96M 77,256.81M -26,496.42M 62,500.81M 21,374.99M
 Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022
Revenue 44,437.93M 44,198.23M 47,524.39M 45,159.30M 44,195.50M
Gross Profit 1,293.08M 1,395.60M 1,619.17M 1,601.84M 1,838.40M
Operating income 395.65M 548.26M 647.80M 620.26M 851.80M
Income before tax 500.19M 821.91M 995.89M 968.66M 802.24M
Net income 368.59M 624.91M 686.29M 752.64M 514.51M
EBITDA 941.93M 1,148.80M 1,269.91M 1,108.85M 1,348.43M
Diluted EPS 0.14 0.23 0.25 0.27 0.18
Dividends Per Share 0.11 0.14 0.15 0.17 0.13
Total Assets 19,011.31M 19,031.91M 24,355.70M 24,461.28M 20,699.93M
Total liabilities 12,945.43M 12,585.45M 17,275.46M 17,439.67M 13,718.81M
Total equity 4,881.05M 5,259.53M 5,786.69M 6,021.77M 5,937.38M
Operating cash flow -768.80M 2,499.19M -899.87M 2,237.61M 716.96M

Valuation Measures

Dec 2022
Operating margin1.92%
Profit margin1.16%

Key executives

  • Vice Chairman & Deputy Chief Strategy Officer: Jason Cheng
  • Co-President & Co-Chief Executive Officer: Kuo-Yen Teng
  • Co-President & Co-Chief Executive Officer: Kuang Chih Cheng
  • Chief Financial Officer & Spokesman: Hsiang Hsiang Wu
  • Co-Chief Technology Officer & Senior VP: Pei-Chin Wang


  • ASUSTek Computer, Inc. (16.8%)
  • TUNG TZU HSIEN (3.6%)
  • Yuanta Securities Investment Trust Co., Ltd. (3.0%)
  • SHIH CHUNG TANG (2.5%)
  • The Vanguard Group, Inc. (2.4%)
  • HSU SHIH CHANG (2.1%)
  • BlackRock Fund Advisors (1.7%)
  • Norges Bank Investment Management (1.1%)
  • Dimensional Fund Advisors LP (1.0%)
  • Fubon Asset Management Co., Ltd. (0.7%)

Contact Details

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Last Updated on 21 Mar, 2023

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