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Electronic Technology

Pegatron Corp.

  • 60.90 TWD
  • +0.80
  • +1.33%
  • Taiwan
    Apr 19, 2019
  • Ticker
    TAI(4938)
  • Prev. close
    60.10
  • Market cap (TWD)
    159,063.49M
  • Market cap (USD)
    5,157.78M
  • Shares
    2,611.88M

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 & rugged 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 2018 TWDUSD
Revenue1,340.00B44,437.93M
Gross Profit38,992.42M1,293.08M
Operating income11,930.63M395.65M
Income before tax15,083.23M500.19M
Net income11,114.86M368.59M
EBITDA28,403.58M941.93M
Diluted EPS4.220.14
Dividends Per Share3.500.11
Total Assets584,350.61M19,011.31M
Total liabilities397,903.83M12,945.43M
Total equity150,028.83M4,881.05M
Operating cash flow-23,182.96M-768.80M
Currency in TWDCurrency in USD

Historical Data

 Dec 2014Dec 2015Dec 2016Dec 2017Dec 2018
Revenue 1,019.73B 1,213.71B 1,157.71B 1,193.80B 1,340.00B
Gross Profit 57,450.68M 73,786.23M 61,640.55M 44,843.91M 38,992.42M
Operating income 28,326.36M 39,785.50M 32,484.30M 19,197.66M 11,930.63M
Income before tax 26,582.41M 39,198.86M 29,082.80M 20,417.53M 15,083.23M
Net income 14,658.13M 23,811.62M 19,339.81M 14,682.98M 11,114.86M
EBITDA 42,078.40M 53,469.11M 45,388.12M 32,303.66M 28,403.58M
Diluted EPS 6.17 9.10 7.42 5.63 4.22
Dividends Per Share 4.03 5.02 4.92 4.00 3.50
Total Assets 457,093.14M 476,086.66M 443,945.23M 488,235.61M 584,350.61M
Total liabilities 282,221.91M 283,748.13M 261,923.03M 308,511.80M 397,903.83M
Total equity 133,670.93M 150,380.13M 148,269.59M 145,975.73M 150,028.83M
Operating cash flow 48,604.83M 7,517.64M 71,256.04M 17,877.82M -23,182.96M
 Dec 2014Dec 2015Dec 2016Dec 2017Dec 2018
Revenue 33,651.17M 38,222.27M 35,897.09M 39,240.70M 44,437.93M
Gross Profit 1,895.86M 2,323.67M 1,911.28M 1,474.02M 1,293.08M
Operating income 934.76M 1,252.92M 1,007.24M 631.03M 395.65M
Income before tax 877.21M 1,234.45M 901.76M 671.12M 500.19M
Net income 483.71M 749.87M 599.66M 482.63M 368.59M
EBITDA 1,388.57M 1,683.85M 1,407.34M 1,061.82M 941.93M
Diluted EPS 0.20 0.28 0.23 0.18 0.14
Dividends Per Share 0.13 0.15 0.15 0.13 0.11
Total Assets 14,464.05M 14,494.06M 13,774.71M 16,406.59M 19,011.31M
Total liabilities 8,930.50M 8,638.47M 8,126.93M 10,367.18M 12,945.43M
Total equity 4,229.82M 4,578.19M 4,600.50M 4,905.34M 4,881.05M
Operating cash flow 1,603.94M 236.74M 2,209.43M 587.64M -768.80M

Valuation Measures

Dec 2018
PER12.08
ROA2.07%
ROE7.50%
Operating margin0.89%
Profit margin0.82%

Key executives

  • President, Chief Executive Officer & Director: Syh-Jang Liao
  • Chief Operating Officer & Senior Vice President: Te-Tzu Yao
  • Spokesman, Head-Finance & Accounting Department: 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. (2.6%)
  • Dimensional Fund Advisors LP (2.1%)
  • BlackRock Fund Advisors (1.8%)
  • Norges Bank Investment Management (1.2%)
  • BlackRock Japan Co., Ltd. (0.6%)
  • Eastspring Investments (Singapore) Ltd. (0.6%)
  • BlackRock Advisors (UK) Ltd. (0.5%)
  • Acadian Asset Management LLC (0.4%)

Contact Details

Related Companies

  • Pegatron Service Singapore Pte Ltd.
  • 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 Apr, 2019

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