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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 2021 TWDUSD
Revenue103,088.74M3,690.72M
Gross Profit3,324.99M119.03M
Operating income313.92M11.23M
Income before tax1,475.13M52.81M
Net income1,068.60M38.25M
EBITDA5,172.64M185.18M
Diluted EPS2.620.09
Dividends Per Share1.500.05
Total Assets77,785.43M2,811.48M
Total liabilities42,399.74M1,532.50M
Total equity35,234.90M1,273.53M
Operating cash flow1,048.97M37.55M
Currency in TWDCurrency in USD

Historical Data

 Dec 2017Dec 2018Dec 2019Dec 2020Dec 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 2017Dec 2018Dec 2019Dec 2020Dec 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
PER16.54
ROA1.32%
ROE2.97%
Operating margin0.30%
Profit margin1.03%

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

  • CHIANG CHAO JUI (19.5%)
  • The Vanguard Group, Inc. (2.5%)
  • Dimensional Fund Advisors LP (1.7%)
  • Norges Bank Investment Management (1.6%)
  • BlackRock Fund Advisors (0.8%)
  • Teachers Advisors LLC (0.4%)
  • TIAA-CREF Investment Management LLC (0.3%)
  • BlackRock Advisors (UK) Ltd. (0.2%)
  • Schroder Investment Management North America, Inc. (0.1%)
  • Dimensional Fund Advisors Ltd. (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
Last Updated on 4 Oct, 2022

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