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Electronic Technology

TPK Holding Co., Ltd.

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, 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 by Chao-Juei Chiang in 2003 and is headquartered in Taipei, Taiwan.

Financial Highlights

Dec 2019 TWDUSD
Revenue136,606.69M4,419.11M
Gross Profit5,516.40M178.45M
Operating income927.60M30.00M
Income before tax780.10M25.23M
Net income208.88M6.75M
EBITDA8,750.57M283.07M
Diluted EPS0.510.01
Dividends Per Share00
Total Assets85,493.11M2,851.95M
Total liabilities49,324.40M1,645.40M
Total equity36,168.71M1,206.54M
Operating cash flow6,765.19M218.84M
Currency in TWDCurrency in USD

Historical Data

 Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019
Revenue 121,363.61M 89,216.28M 107,208.48M 113,481.50M 136,606.69M
Gross Profit 5,177.46M 2,576.71M 7,536.09M 4,187.42M 5,516.40M
Operating income -85.98M -1,687.25M 2,649.19M -187.05M 927.60M
Income before tax -20,930.17M -1,468.97M 3,275.91M 696.00M 780.10M
Net income -20,006.50M -1,467.40M 2,404.39M 223.83M 208.88M
EBITDA 9,592.82M 7,088.84M 11,048.07M 7,116.13M 8,750.57M
Diluted EPS -57.86 -4.27 6.63 0.55 0.51
Dividends Per Share 0 0 3 0 0
Total Assets 115,227.72M 87,683.38M 82,978.31M 83,967.60M 85,493.11M
Total liabilities 84,111.21M 58,611.13M 45,807.69M 46,725.89M 49,324.40M
Total equity 30,693.41M 28,832.81M 36,947.69M 36,891.60M 36,168.71M
Operating cash flow 4,466.17M 11,875.00M 16,914.56M 3,669.70M 6,765.19M
 Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019
Revenue 3,821.98M 2,766.32M 3,523.96M 3,763.34M 4,419.11M
Gross Profit 163.04M 79.89M 247.71M 138.86M 178.45M
Operating income -2.70M -52.31M 87.07M -6.20M 30.00M
Income before tax -659.13M -45.54M 107.67M 23.08M 25.23M
Net income -630.04M -45.49M 79.03M 7.42M 6.75M
EBITDA 302.09M 219.80M 363.15M 235.98M 283.07M
Diluted EPS -1.82 -0.13 0.21 0.01 0.01
Dividends Per Share 0 0 0.09 0 0
Total Assets 3,508.01M 2,720.63M 2,788.39M 2,731.80M 2,851.95M
Total liabilities 2,560.69M 1,818.58M 1,539.31M 1,520.18M 1,645.40M
Total equity 934.43M 894.62M 1,241.58M 1,200.23M 1,206.54M
Operating cash flow 140.64M 368.20M 555.98M 121.69M 218.84M

Valuation Measures

Dec 2019
PER110.59
ROA0.24%
ROE0.57%
Operating margin0.67%
Profit margin0.15%

Key executives

  • President, CEO, Director & Deputy Spokesman: 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 (19.5%)
  • The Vanguard Group, Inc. (2.9%)
  • Dimensional Fund Advisors LP (2.4%)
  • Norges Bank Investment Management (1.6%)
  • BlackRock Fund Advisors (0.6%)
  • Teachers Advisors LLC (0.4%)
  • TIAA-CREF Investment Management LLC (0.3%)
  • Schroder Investment Management Ltd. (0.3%)
  • Lingohr & Partner Asset Management GmbH (0.2%)
  • JPMorgan Asset Management (Taiwan) Ltd. (0.2%)

Contact Details

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

Related Companies

  • 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.
  • VIA optronics AG Sponsored ADR
Last Updated on 27 Nov, 2020

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