TPK Holding Co., Ltd.
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- Japan's quest for display king ends as Taiwan-led group buys JDI Apr 13, 2019
- Taiwan's 10-year iPhone boom shows signs of ending Nov 14, 2018 See more articles on 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
Financial Highlights
| Dec 2019 | TWD | USD |
| Revenue | 136,606.69M | 4,419.11M |
| Gross Profit | 5,516.40M | 178.45M |
| Operating income | 927.60M | 30.00M |
| Income before tax | 780.10M | 25.23M |
| Net income | 208.88M | 6.75M |
| EBITDA | 8,750.57M | 283.07M |
| Diluted EPS | 0.51 | 0.01 |
| Dividends Per Share | 0 | 0 |
| Total Assets | 85,493.11M | 2,851.95M |
| Total liabilities | 49,324.40M | 1,645.40M |
| Total equity | 36,168.71M | 1,206.54M |
| Operating cash flow | 6,765.19M | 218.84M |
| Currency in TWD | Currency in USD |
Historical Data
| Dec 2015 | Dec 2016 | Dec 2017 | Dec 2018 | Dec 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 2015 | Dec 2016 | Dec 2017 | Dec 2018 | Dec 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 | |
| PER | 110.59 |
| ROA | 0.24% |
| ROE | 0.57% |
| Operating margin | 0.67% |
| Profit margin | 0.15% |
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
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Last Updated on 27 Nov, 2020
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