Pegatron Corp.

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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 2020	TWD	USD
Revenue	1,399.33B	47,524.39M
Gross Profit	47,675.73M	1,619.17M
Operating income	19,074.22M	647.80M
Income before tax	29,323.52M	995.89M
Net income	20,207.59M	686.29M
EBITDA	37,391.92M	1,269.91M
Diluted EPS	7.63	0.25
Dividends Per Share	4.48	0.15
Total Assets	684,346.60M	24,355.70M
Total liabilities	485,406.08M	17,275.46M
Total equity	162,594.58M	5,786.69M
Operating cash flow	-26,496.42M	-899.87M
	Currency in TWD	Currency in USD

Historical Data

TWD | USD

	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 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 2016	Dec 2017	Dec 2018	Dec 2019	Dec 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
PER	8.70
ROA	3.22%
ROE	12.61%
Operating margin	1.36%
Profit margin	1.44%

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. (16.8%)
TONG TZE HSIEN (3.6%)
Yuanta Securities Investment Trust Co., Ltd. (2.6%)
SHIH CHUNG TANG (2.5%)
The Vanguard Group, Inc. (2.3%)
HSU SHIH CHANG (2.1%)
Fubon Life Insurance Co., Ltd. (2.0%)
BlackRock Fund Advisors (1.7%)
Norges Bank Investment Management (1.2%)
Dimensional Fund Advisors LP (1.0%)

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
Global Brands Manufacture Limited
Clevo Co.
CyberTAN Technology, Inc.
Hitron Technologies Inc.

Last Updated on 17 Jan, 2022