Asia300

AU Optronics Corp.

Taiwan

  • 1m
  • 3m
  • 6m
  • 1y
  • 2y
  • 5y
Aug 18, 2017
Prev close: 11.8
Aug 18, 2017
Market cap:
Market cap(USD):
113,566.09M
3,743.72M
Shares: 9,624.24M

Currency in TWD

Company profile

Market(Ticker): TAI(2409)
Sector:
Industry:
Electronic Technology
Electronic Equipment/Instruments
Full time employees: --

Business summary

AU Optronics Corp. engages in the research, development, production, and sale of thin film transistor liquid crystal displays and other flat panel displays. It operates through the Display and Solar segments. The Display segment deals with the designing, developing, manufacturing, and marketing of flat panel displays. The Solar segment handles the manufacturing of polysilicon and solar wafer. The company was founded on August 12, 1996 and is headquartered in Hsinchu, Taiwan.

Company background

AU Optronics, or AUO, is Taiwan's leading liquid crystal display panel maker, with total assets of over $14 billion. It manufactures various generations and sizes of LCD panels. AUO employs more than 45,000 people in its global operations in Taiwan, China, Japan, Singapore, South Korea, the U.S. and Europe.

Founded in 1996, the company traces its roots to Acer Display Technology. In 2001, Acer Display and Unipac Optoelectronics merged to form AUO. AUO then extended its business to the green energy industry to provide customers with solar solutions in 2008. However, it went through heavy losses for 10 straight quarters between 2010 and 2013 amid a slump in the PC market brought on by the rise of tablet computers. AUO's performance has turned upward recently thanks to growing demand for 4K television sets. It now focuses on large panels for 4K TVs.

Paul Peng became the president of AUO in 2012. He was also appointed chairman, to take over from prominent Chairman K.Y. Lee as part of the company's restructuring in May 2015. AUO's major rival is Innolux in Taiwan, the world's third-largest panel maker after South Korea's Samsung and LG.

In the news

Financial highlights

Dec 2016

  • Local currency
  • US Dollar
Revenue 329,089.03M
Gross profit 30,263.00M
Operating income 12,338.45M
Income before tax 11,085.12M
Net income 7,818.93M
EBITDA 52,031.69M
Diluted EPS 0.8
Dividends per share 0.56
Total assets 429,769.25M
Total liabilities 230,134.06M
Total equity 181,244.69M
Operating cash flow 36,695.84M

Currency in TWD

Revenue 10,204.05M
Gross profit 938.36M
Operating income 382.57M
Income before tax 343.71M
Net income 242.44M
EBITDA 1,613.34M
Diluted EPS 0.02
Dividends per share 0.01
Total assets 13,334.86M
Total liabilities 7,140.58M
Total equity 5,623.65M
Operating cash flow 1,137.82M

Currency in USD

Valuation measures

Dec 2016

PER 14.56
ROA 1.82%
ROE 4.30%
Operating margin 3.74%
Profit margin 2.37%

Key executive

  • Chairman & Chief Executive Officer: Shuang Lang Peng
  • President & Chief Operating Officer: Kuo Hsin Tsai
  • Chief Financial Officer: Benjiamin Tseng
  • Executive Vice President: Wei Shun Cheng
  • Chief Strategy Officer: Pen Yu Yang

Share holders

  • Qisda Corp.(6.8%)
  • Quanta Computer, Inc.(4.6%)
  • Cathay Life Insurance Co., Ltd. (Invt Port)(2.9%)
  • Au Optronics Corp. Esop(2.3%)
  • The Vanguard Group, Inc.(2.0%)
  • BlackRock Fund Advisors(1.9%)
  • Morgan Stanley Investment Management, Inc.(1.8%)
  • Dimensional Fund Advisors LP(1.7%)
  • Shin Kong Life Insurance Co., Ltd.(1.5%)
  • Norges Bank Investment Management(1.4%)

Address

  • Website: http://www.auo.com
  • Address: No. 1, Li-Hsin Road 2, Hsinchu Science Park, Hsinchu, 30078, Taiwan
  • Phone: +886.3.5008800

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