TPK Holding Co., Ltd.

In the news

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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

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 2021	TWD	USD
Revenue	103,088.74M	3,690.72M
Gross Profit	3,324.99M	119.03M
Operating income	313.92M	11.23M
Income before tax	1,475.13M	52.81M
Net income	1,068.60M	38.25M
EBITDA	5,172.64M	185.18M
Diluted EPS	2.62	0.09
Dividends Per Share	1.50	0.05
Total Assets	77,785.43M	2,811.48M
Total liabilities	42,399.74M	1,532.50M
Total equity	35,234.90M	1,273.53M
Operating cash flow	1,048.97M	37.55M
	Currency in TWD	Currency in USD

Historical Data

TWD | USD

	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021
Revenue	107,208.48M	113,481.50M	136,606.69M	114,583.19M	103,088.74M
Gross Profit	7,536.09M	4,187.42M	5,516.40M	4,844.65M	3,324.99M
Operating income	2,649.19M	-187.05M	927.60M	949.68M	313.92M
Income before tax	3,275.91M	696.00M	780.10M	1,811.26M	1,475.13M
Net income	2,404.39M	223.83M	208.88M	1,031.32M	1,068.60M
EBITDA	11,048.07M	7,116.13M	8,750.57M	7,110.02M	5,172.64M
Diluted EPS	6.63	0.55	0.51	2.53	2.62
Dividends Per Share	3	0	0	1	1.50
Total Assets	82,978.31M	83,967.60M	85,493.11M	83,621.02M	77,785.43M
Total liabilities	45,807.69M	46,725.89M	49,324.40M	46,815.54M	42,399.74M
Total equity	36,947.69M	36,891.60M	36,168.71M	36,679.83M	35,234.90M
Operating cash flow	16,914.56M	3,669.70M	6,765.19M	5,897.11M	1,048.97M

	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021
Revenue	3,523.96M	3,763.34M	4,419.11M	3,891.49M	3,690.72M
Gross Profit	247.71M	138.86M	178.45M	164.53M	119.03M
Operating income	87.07M	-6.20M	30.00M	32.25M	11.23M
Income before tax	107.67M	23.08M	25.23M	61.51M	52.81M
Net income	79.03M	7.42M	6.75M	35.02M	38.25M
EBITDA	363.15M	235.98M	283.07M	241.47M	185.18M
Diluted EPS	0.21	0.01	0.01	0.08	0.09
Dividends Per Share	0.09	0	0	0.03	0.05
Total Assets	2,788.39M	2,731.80M	2,851.95M	2,976.04M	2,811.48M
Total liabilities	1,539.31M	1,520.18M	1,645.40M	1,666.15M	1,532.50M
Total equity	1,241.58M	1,200.23M	1,206.54M	1,305.42M	1,273.53M
Operating cash flow	555.98M	121.69M	218.84M	200.27M	37.55M

Valuation Measures

Dec 2021
PER	16.54
ROA	1.32%
ROE	2.97%
Operating margin	0.30%
Profit margin	1.03%

Key executives

President, CEO, Director & Deputy Spokesman: Leo Hsieh
Head-Finance: Jonathan 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

The Vanguard Group, Inc. (2.5%)
Dimensional Fund Advisors LP (1.7%)
Norges Bank Investment Management (1.6%)
BlackRock Fund Advisors (0.8%)
BlackRock Advisors (UK) Ltd. (0.2%)
Schroder Investment Management North America, Inc. (0.1%)
TIAA-CREF Investment Management LLC (0.0%)
Dimensional Fund Advisors Ltd. (0.0%)
SSgA Funds Management, Inc. (0.0%)
American Century Investment Management, Inc. (0.0%)

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

VIA optronics AG Sponsored ADR
Apex Material Technology Corp.

Last Updated on 3 Feb, 2023