Pegatron Corp.

In the news

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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	TWD	USD
Revenue	1,263.72B	45,242.95M
Gross Profit	44,514.56M	1,593.68M
Operating income	16,849.08M	603.22M
Income before tax	26,579.52M	951.58M
Net income	20,545.64M	735.56M
EBITDA	30,496.27M	1,091.80M
Diluted EPS	7.62	0.27
Dividends Per Share	5.00	0.17
Total Assets	676,770.36M	24,461.28M
Total liabilities	482,503.48M	17,439.67M
Total equity	166,604.54M	6,021.77M
Operating cash flow	62,500.81M	2,237.61M
	Currency in TWD	Currency in USD

Historical Data

TWD | USD

	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 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 2017	Dec 2018	Dec 2019	Dec 2020	Dec 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
PER	8.96
ROA	3.01%
ROE	12.48%
Operating margin	1.33%
Profit margin	1.62%

Key executives

Vice Chairman & Co-Chief Executive Officer: Jason Cheng
Co-Chief Executive Officer: Kuo-Yen Teng
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%)
Yuanta Securities Investment Trust Co., Ltd. (4.8%)
TUNG TZU HSIEN (3.6%)
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 (1.2%)
Dimensional Fund Advisors LP (1.0%)
Fubon Asset Management Co., Ltd. (0.7%)

Contact Details

Website:http://www.pegatroncorp.com
Address: 5F, No. 76 Ligong Street, Taipei, 112 61, Taiwan
Phone: +886.2.81439001

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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 8 Dec, 2022