Lotes Co Ltd

Chart & Performance

D1W1MN

P/E

37.63

P/S

8.60

EPS

49.70

Div Yield, %

1.33%

Shrs. gr., 5y

3.36%

Rev. gr., 5y

12.96%

Revenues

24.48b

-9.65%

Net income

5.59b

-10.57%

CFO

9.13b

+18.10%

Dividend

Aug 28, 202425.7545 TWD/sh

Earnings

Mar 10, 2025

Profile

Lotes Co., Ltd designs, manufactures, and sells connectors and CPU sockets for notebook and personal computers, mobile electronic devices, etc. under the LOTES brand in Taiwan, Mainland China, and internationally. Its products include socket, such as CPU, SIM card, SPI, and automotive sockets; memory, slot/edge card, and battery connectors; and I/O series connectors comprising of USB, USB type C, audio jack, display port, HDMI, RJ45, SATA/SAS, and USB. The company also offers DC, fan, USB, wire harness, and other cables; board to board solutions; traditional and new energy connectors, automotive wiring harness, and motorbike/electric motorbikes; signal / power solution; battery connector; and RF, FPC, and power connectors. In addition, it engages in the manufacture and trading of mechanical equipment, electronic components, and optical instruments; production of industrial robots, automation equipment, and related parts; surface treatment for various hardware and plastic products; manufacture of electrical and audio -visual electronic products; and import and export of goods and technologies. Further, the company develops and produces optical communication measuring instruments and optical transceivers, and related technical services. Additionally, it engages in the real estate development, housing renatl, landscaping designs, and interior decoration; and reinvestment activities. The company was founded in 1975 and is based in Keelung, Taiwan.

URL

https://www.lotes.cc/en

IPO date

Nov 14, 2006

Employees

Domiciled in

Incorporated in

Valuation

Order:

Title TWD in thousands, except ratios and share amounts	FY	FY	FY	FY	FY	FY	FY	FY	FY	FY
Title TWD in thousands, except ratios and share amounts	2023‑12	2022‑12	2021‑12	2020‑12	2019‑12	2018‑12	2017‑12	2016‑12	2015‑12	2014‑12
Income
Revenues	24,483,463 -9.65%	27,099,134 26.68%	21,391,917 23.71%
Cost of revenue	17,548,885	19,823,233	17,023,719
Unusual Expense (Income)
NOPBT	6,934,578	7,275,901	4,368,198
NOPBT Margin	28.32%	26.85%	20.42%
Operating Taxes	1,793,447	1,782,155	1,021,167
Tax Rate	25.86%	24.49%	23.38%
NOPAT	5,141,131	5,493,746	3,347,031
Net income	5,593,032 -10.57%	6,254,263 80.12%	3,472,201 27.08%
Dividends	(2,803,575)	(1,695,646)	(1,376,256)
Dividend yield	2.35%	1.89%	1.69%
Proceeds from repurchase of equity	3,402,725		3,044,273
BB yield	-2.85%		-3.75%
Debt
Debt current	1,709,085	2,041,421	1,394,127
Long-term debt	2,038,144	913,259	1,733,963
Deferred revenue			76,562
Other long-term liabilities	68,806	73,439	22,539
Net debt	(9,632,279)	(4,219,144)	(208,345)
Cash flow
Cash from operating activities	9,132,823	7,733,286	2,689,770
CAPEX	(2,658,787)	(3,708,076)	(3,733,312)
Cash from investing activities	(2,787,166)	(3,686,111)	(4,087,677)
Cash from financing activities	(295,607)	(494,586)	1,833,740
FCF	4,467,666	2,575,794	(2,166,186)
Balance
Cash	13,193,088	7,169,311	3,458,642
Long term investments	186,420	4,513	(122,207)
Excess cash	12,155,335	5,818,867	2,266,839
Stockholders' equity	20,484,609	19,390,864	11,287,209
Invested Capital	20,425,165	20,050,265	17,837,899
ROIC	25.40%	29.00%	22.33%
ROCE	21.14%	28.05%	21.69%
EV
Common stock shares outstanding	111,624	108,714	106,747
Price	1,070.00 29.54%	826.00 8.54%	761.00 60.38%
Market cap	119,437,680 33.01%	89,797,558 10.54%	81,234,609 63.58%
EV	111,413,344	87,279,718	82,615,234
EBITDA	9,326,166	9,544,568	5,923,479
EV/EBITDA	11.95	9.14	13.95
Interest	71,118	55,109	28,304
Interest/NOPBT	1.03%	0.76%	0.65%