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Electronic Technology

TPK HOLDING COMPANY LIMITED

  • 49.30 TWD
  • +0.30
  • +0.61%
  • Taiwan
    May 23, 2019
  • Ticker
    TAI(3673)
  • Prev. close
    49.00
  • Market cap (TWD)
    19,926.52M
  • Market cap (USD)
    631.63M
  • Shares
    406.66M

Company Background

TPK Holding is a major manufacturer of touch panels for smartphones, tablets and PCs. Its client list includes Apple of the U.S. and Chinese smartphone makers. The Taiwan-based company's main production facilities are in Xiamen, in China's Fujian Province.

Chairman Michael Chiang established TPK in 2005, having recognized the potential of touch panels. Previously, he founded Taiwan Video & Monitoring to tap the VCR and monitor market.

Until the early 2000s, resistive touch panels, which respond to pressure on the display surface, were the norm. Chiang's company improved technology for transparent projected capacitive touch screens, which respond to even a light touch. He established a mass production system and supplied panels to Apple for the first iPhone, released in 2007. That made capacitive touch panels an industry standard.

TPK boosted capital spending on expectations that Microsoft's Windows 8 operating system, released in 2012, would increase demand for touch panels. The market did not expand as anticipated, and the company remains saddled with overcapacity. A price war with Chinese panel producers has also intensified.

TPK in November 2014 appointed Michael Chung, a former executive of Hon Hai Precision Industry, better known as Foxconn Technology Group, as president and CEO in the hope that he would improve earnings.

Business Summary

TPK Holding Co., Ltd. engages in the research and development, and production of touch technology application solutions, indium tin oxide glass, and protective glass. Its offers touch sensors, touch modules, and touch screens including glass-glass, glass-film-film, single glass solutions, one glass solutions, touch-on-lens, and glass-films. Its products are used in mobile and consumer electronic devices such as automotive monitors, notebooks personal computers, all-in-one personal computers, and large-sized business platforms. The company was founded on November 21, 2005 and is headquartered in Taipei, Taiwan.

Financial Highlights

Dec 2018 TWDUSD
Revenue113,481.50M3,763.34M
Gross Profit4,187.41M138.86M
Operating income-187.05M-6.20M
Income before tax696.00M23.08M
Net income223.83M7.42M
EBITDA7,116.13M235.98M
Diluted EPS0.550.01
Dividends Per Share----
Total Assets83,967.60M2,731.80M
Total liabilities46,725.89M1,520.18M
Total equity36,891.60M1,200.23M
Operating cash flow3,669.70M121.69M
Currency in TWDCurrency in USD

Historical Data

 Dec 2014Dec 2015Dec 2016Dec 2017Dec 2018
Revenue 129,516.91M 121,363.61M 89,216.28M 107,208.48M 113,481.50M
Gross Profit 10,235.76M 5,177.46M 2,576.71M 7,536.09M 4,187.41M
Operating income 1,962.68M -85.98M -1,687.25M 2,649.19M -187.05M
Income before tax 964.16M -20,930.17M -1,468.97M 3,275.91M 696.00M
Net income 276.80M -20,006.50M -1,467.40M 2,404.39M 223.83M
EBITDA 9,994.83M 9,592.82M 7,088.84M 11,048.07M 7,116.13M
Diluted EPS 0.84 -57.86 -4.27 6.63 0.55
Dividends Per Share 0.47 0 0 3 --
Total Assets 152,722.77M 115,227.72M 87,683.38M 82,978.31M 83,967.60M
Total liabilities 107,181.88M 84,111.21M 58,611.13M 45,807.69M 46,725.89M
Total equity 44,722.89M 30,693.41M 28,832.81M 36,947.69M 36,891.60M
Operating cash flow 14,386M 4,466.17M 11,875.00M 16,914.56M 3,669.70M
 Dec 2014Dec 2015Dec 2016Dec 2017Dec 2018
Revenue 4,274.03M 3,821.98M 2,766.32M 3,523.96M 3,763.34M
Gross Profit 337.77M 163.04M 79.89M 247.71M 138.86M
Operating income 64.76M -2.70M -52.31M 87.07M -6.20M
Income before tax 31.81M -659.13M -45.54M 107.67M 23.08M
Net income 9.13M -630.04M -45.49M 79.03M 7.42M
EBITDA 329.82M 302.09M 219.80M 363.15M 235.98M
Diluted EPS 0.02 -1.82 -0.13 0.21 0.01
Dividends Per Share 0.01 0 0 0.09 --
Total Assets 4,832.69M 3,508.01M 2,720.63M 2,788.39M 2,731.80M
Total liabilities 3,391.61M 2,560.69M 1,818.58M 1,539.31M 1,520.18M
Total equity 1,415.19M 934.43M 894.62M 1,241.58M 1,200.23M
Operating cash flow 474.73M 140.64M 368.20M 555.98M 121.69M

Valuation Measures

Dec 2018
PER87.75
ROA0.26%
ROE0.60%
Operating margin-0.16%
Profit margin0.19%

Key executives

  • President & Chief Executive Officer: Leo Hsieh
  • Head-Finance: Chung Yi Chen
  • Director & Senior Deputy General Manager: Heng Yao Chang
  • Director & Senior Deputy General Manager: Shih Ming Liu
  • Director & Senior Deputy General Manager: Tsung Liang Tsai

Shareholders

  • CHIANG CHAO JUI (19.7%)
  • Dimensional Fund Advisors LP (2.9%)
  • The Vanguard Group, Inc. (2.5%)
  • Norges Bank Investment Management (1.3%)
  • BlackRock Fund Advisors (0.9%)
  • BlackRock Japan Co., Ltd. (0.9%)
  • APG Asset Management NV (0.8%)
  • Schroder Investment Management Ltd. (0.5%)
  • Lingohr & Partner Asset Management GmbH (0.3%)
  • BlackRock Advisors (UK) Ltd. (0.3%)

Contact Details

  • Website:http://www.tpk.com
  • Address: 13-18, Section 6, Minquan East Road, Taipei, 114, Taiwan
  • Phone: +886.2.77271199

Related Companies

  • Xiamen Jan Jia Optelecrtonics Co., Ltd
  • TPK Specialty Materials Ltd.
  • TPK Material Solutions, Inc.
  • TPK Touch Solutions Pintang, Inc.
  • TPK Mas touch Solutions Xiamen, Inc.
  • TPK Film Solutions Xiamen, Inc.
  • TPK Cando Corp.
  • Tpk Film Solutions Ltd.
  • Hallys Hong Kong Ltd.
  • TPK Touch Systems (Xiamen) Inc.
  • TPK Glass Solutions (Xiamen), Inc.
  • Ray-star Optical (Xiamen), Inc.
  • Ray-Star Technology (Xiamen) Inc.
  • Optera TPK Holding Pte Ltd.
  • Ray-Star Universal Solutions Ltd.
  • TPK Touch Solutions Inc.
  • TPK Asia Pacific Sdn. Bhd.
  • Innova Dynamics, Inc.
  • TPK Touch Solutions (Xiamen) Inc.

Competitors

  • Mildex Optical Inc.
  • OFILM Group Co., Ltd. Class A
Last Updated on 23 May, 2019

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