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Largan Precision Co Ltd 3008

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Stock XTAI Rating as of
TWD 2,555.00 −70.00 (2.67%)
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As of Delayed Price Closed

Company Report

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Largan Boosted by iPhone Launch but Future Camera Upgrades Already Priced In

Phelix Lee

Largan Precision is the world's largest producer of optical lenses by value. Its core competency lies in the production of plastic lenses, which are widely used in smartphone cameras. Largan has accumulated 30 years of experience in plastic lens design and has been a key beneficiary of the boom in smartphone demand since the first iPhone was launched in 2007. Specializing in new products, Largan is able to become a key contributor to the miniature camera development road map and foster deep relationships with top smartphone brands. As the main supplier of high-end camera lenses, we believe Largan boasts leading lens design technology, allowing it to introduce various camera lens designs years ahead of its peers.

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Price vs Fair Value

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3008 is trading at a 54% premium.
Price
TWD 2,555.00
Fair Value
TWD 4,152.00
Uncertainty
High
1-Star Price
TWD 3,327.00
5-Star Price
TWD 2,397.00
Economic Moat
Gdlqd
Capital Allocation
Gfxlhzzkq

Bulls Say, Bears Say

Bulls

Largan continues to pioneer advanced handset camera-lens and actuator technology to deliver higher value-added solutions to customers to ensure growth for years to come.

Bears

Largan cedes market share among high-end smartphone models to second player Sunny Optical, whose design capabilities for handset lenses has improved vastly following its acquisition of Konica Minolta’s China business in 2014.

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Trading Information

Previous Close Price
TWD 2,625.00
Day Range
TWD 2,535.00–2,620.00
52-Week Range
TWD 1,980.00–3,230.00
Bid/Ask
TWD 2,555.00 / TWD 2,560.00
Market Cap
TWD 341.01 Bil
Volume/Avg
938,882 / 1.3 Mil

Key Statistics

Price/Earnings (Normalized)
16.40
Price/Sales
6.41
Dividend Yield (Trailing)
3.17%
Dividend Yield (Forward)
3.17%
Total Yield
3.17%

Company Profile

Largan Precision is the leader in optical lens technology and the world’s largest handset lensmaker by value. The company boasts almost 30 years of experience in the production of optical lenses, namely, plastic aspherical lenses, which are widely used to manufacture smartphone cameras. It is a major supplier of high-end handset camera lenses to global smartphone brands such as Apple and Samsung. The firm also produces optical lenses for various applications such as for automobiles, digital cameras, and extended reality headsets. Largan was co-founded in 1987 by Scott Lin, whose sons Adam Lin and Lin En Zhou serve as the current CEO and chairman, respectively. Largan is headquartered and mainly operates in Taichung City, Taiwan, and employs 8,023 people as of April 2024.
Sector
Technology
Industry
Electronic Components
Stock Style Box
Large Core
Total Number of Employees
6,285
Website
https://www.largan.com.tw

Competitors

Valuation

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Metric
3008
02382
02018
Price/Earnings (Normalized)
 16.4033.7431.20
Price/Book Value
 —2.601.58
Price/Sales
 6.411.681.56
Price/Cash Flow
 12.6618.177.13
Price/Earnings
3008
02382
02018

Financial Strength

Metric
3008
02382
02018
Quick Ratio
 4.211.481.22
Current Ratio
 4.411.761.59
Interest Coverage
 23,985.943.833.55
Quick Ratio
3008
02382
02018

Profitability

Metric
3008
02382
02018
Return on Assets (Normalized)
 10.84%3.42%2.77%
Return on Equity (Normalized)
 12.89%7.23%5.18%
Return on Invested Capital (Normalized)
 10.80%5.33%3.99%
Return on Assets
3008
02382
02018

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