3373

Radiant InnovationTPEX:3373 Stock Report

Market Cap

NT$1.8b

7D

-1.9%

1Y

-56.4%

Updated

17 Sep, 2021

Data

Company Financials
3373 fundamental analysis
Snowflake Score
Valuation5/6
Future Growth0/6
Past Performance2/6
Financial Health6/6
Dividends3/6

3373 Overview

Radiant Innovation Inc. designs and develops infrared technology products.

Price History & Performance

Summary of all time highs, changes and price drops for Radiant Innovation
Historical stock prices
Current Share PriceNT$40.95
52 Week HighNT$40.00
52 Week LowNT$97.80
Beta-0.47
1 Month Change-16.94%
3 Month Change-42.57%
1 Year Change-56.44%
3 Year Change135.35%
5 Year Change71.34%
Change since IPO266.09%

Recent News & Updates

Shareholder Returns

3373TW Medical EquipmentTW Market
7D-1.9%-0.6%-0.2%
1Y-56.4%5.4%33.6%

Return vs Industry: 3373 underperformed the TW Medical Equipment industry which returned 5.4% over the past year.

Return vs Market: 3373 underperformed the TW Market which returned 33.6% over the past year.

Price Volatility

Is 3373's price volatile compared to industry and market?
3373 volatility
3373 Beta-0.47
Industry Beta0.93
Market Beta1

Stable Share Price: 3373 is more volatile than 75% of TW stocks over the past 3 months, typically moving +/- 8% a week.

Volatility Over Time: 3373's weekly volatility (8%) has been stable over the past year, but is still higher than 75% of TW stocks.

About the Company

FoundedEmployeesCEOWebsite
2000n/an/ahttps://www.radiantek.com.tw

Radiant Innovation Inc. designs and develops infrared technology products. It offers medical infrared thermometers, industrial use infrared thermometers, and CO2 monitors. The company also provides infrared ear and forehead thermometers, multi-function thermometers, disposable probe covers, and TMS products.

Valuation

Is Radiant Innovation undervalued compared to its fair value and its price relative to the market?

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: 3373 (NT$40.95) is trading below our estimate of fair value (NT$215.24)

Significantly Below Fair Value: 3373 is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: 3373 is good value based on its PE Ratio (4.7x) compared to the TW Medical Equipment industry average (22.8x).

PE vs Market: 3373 is good value based on its PE Ratio (4.7x) compared to the TW market (16.4x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate 3373's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: 3373 is good value based on its PB Ratio (1.2x) compared to the TW Medical Equipment industry average (2.1x).


Future Growth

How is Radiant Innovation forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

14.4%

Forecasted Healthcare industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Radiant Innovation has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Past Performance

How has Radiant Innovation performed over the past 5 years?

69.5%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 3373 has a high level of non-cash earnings.

Growing Profit Margin: 3373's current net profit margins (17.6%) are lower than last year (31.1%).


Past Earnings Growth Analysis

Earnings Trend: 3373's earnings have grown significantly by 69.5% per year over the past 5 years.

Accelerating Growth: 3373's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: 3373 had negative earnings growth (-22%) over the past year, making it difficult to compare to the Medical Equipment industry average (9.5%).


Return on Equity

High ROE: 3373's Return on Equity (25.1%) is considered high.


Financial Health

How is Radiant Innovation's financial position?


Financial Position Analysis

Short Term Liabilities: 3373's short term assets (NT$1.5B) exceed its short term liabilities (NT$228.0M).

Long Term Liabilities: 3373's short term assets (NT$1.5B) exceed its long term liabilities (NT$7.6M).


Debt to Equity History and Analysis

Debt Level: 3373 is debt free.

Reducing Debt: 3373 had no debt 5 years ago.

Debt Coverage: 3373 has no debt, therefore it does not need to be covered by operating cash flow.

Interest Coverage: 3373 has no debt, therefore coverage of interest payments is not a concern.


Balance Sheet


Dividend

What is Radiant Innovation current dividend yield, its reliability and sustainability?

24.42%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: 3373's dividend (24.42%) is higher than the bottom 25% of dividend payers in the TW market (1.94%).

High Dividend: 3373's dividend (24.42%) is in the top 25% of dividend payers in the TW market (5.25%)


Stability and Growth of Payments

Stable Dividend: 3373's dividend payments have been volatile in the past 10 years.

Growing Dividend: 3373's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its high payout ratio (115.6%), 3373's dividend payments are not well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?


CEO

Radiant Innovation has no CEO, or we have no data on them.


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Radiant Innovation Inc.'s employee growth, exchange listings and data sources


Key Information

  • Name: Radiant Innovation Inc.
  • Ticker: 3373
  • Exchange: TPEX
  • Founded: 2000
  • Industry: Health Care Supplies
  • Sector: Healthcare
  • Market Cap: NT$1.768b
  • Shares outstanding: 43.29m
  • Website: https://www.radiantek.com.tw

Location

  • Radiant Innovation Inc.
  • No. 3, Industrial East 9th Road
  • 1st Floor
  • Hsinchu City
  • 300
  • Taiwan

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/09/17 15:38
End of Day Share Price2021/09/17 00:00
Earnings2021/06/30
Annual Earnings2020/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.