Largan Precision Co Ltd 3008

Morningstar Rating
NT$6,325.00 +120.00 (1.93%)
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Company Report

Largan Brings Forward Mass Production of Fiber Array Units for Data Centers to Mid-2027

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 roadmap and foster deep relationships with top smartphone brands. As the main supplier of high-end camera lenses, Largan boasts leading lens design technology, allowing it to introduce various camera lens designs years ahead of its peers, in our view.

Price vs Fair Value

3008 is trading at a LOCK|x<Gw^ premium.
Price
NT$6,205.00
Fair Value
LOCK|G$
Uncertainty
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1-Star Price
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5-Star Price
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Economic Moat
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Capital Allocation
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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

Slowing smartphone camera upgrades will make it harder for Largan to justify its higher prices and defend its market share.

Trading Information

Previous Close Price
NT$6,205.00
Day Range
NT$6,090.00–6,345.00
52-Week Range
NT$2,020.00–7,995.00
Bid/Ask
NT$6,315.00 / NT$6,335.00
Shares Outstanding
130.80M
Market Cap
NT$823.37B
Volume/Avg
1M / 2M

Key Statistics

Price/Earnings (Normalized)
34.15
Price/Sales
13.10
Dividend Yield (Trailing)
1.51%
Dividend Yield (Forward)
1.51%
Dividend Payment Schedule
Apr, Sep
Total Yield
1.71%

Company Profile

Largan Precision is the leader in optical lens technology and the world’s largest handset lensmaker by value. The company boasts almost three decades 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 son Adam Lin serves as the current CEO and chair. Largan is headquartered and mainly operates in Taichung City, Taiwan, and employs around 8,000 people.
Sector
Technology
Industry
Electronic Components
Stock Style Box
Large Core
Total Number of Employees
6,285

Competitors

Valuation

Metric
3008
02382
01478
Price/Earnings (Normalized)
34.1513.023.85
Price/Book Value
4.242.030.83
Price/Sales
13.101.360.25
Price/Cash Flow
25.279.6416.48
Price/Earnings
3008
02382
01478

Financial Strength

Metric
3008
02382
01478
Quick Ratio
4.541.330.80
Current Ratio
4.851.641.11
Interest Coverage
12,325.4616.3319.14
Quick Ratio
3008
02382
01478

Profitability

Metric
3008
02382
01478
Return on Assets (Normalized)
11.22%8.63%3.61%
Return on Equity (Normalized)
13.32%17.22%10.98%
Return on Invested Capital (Normalized)
11.38%14.03%6.14%
Return on Assets
3008
02382
01478

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