Radiant Opto-Electronics
Market Cap
NT$58.6b
Last Updated
2021/04/14 08:48 UTC
Data Sources
Company Financials +
Executive Summary
Radiant Opto-Electronics Corporation designs, manufactures, assembles, and markets backlight modules and light guide plates for liquid crystal display (LCD) panels in Asia, Europe, and the United States. More Details
Rewards
Risk Analysis
Snowflake Analysis
Very undervalued with flawless balance sheet and pays a dividend.
Similar Companies
Share Price & News
How has Radiant Opto-Electronics's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: 6176 is less volatile than 75% of TW stocks over the past 3 months, typically moving +/- 3% a week.
Volatility Over Time: 6176's weekly volatility (3%) has been stable over the past year.
Market Performance
7 Day Return
-4.7%
6176
-0.7%
TW Semiconductor
0.7%
TW Market
1 Year Return
33.7%
6176
112.4%
TW Semiconductor
63.5%
TW Market
Return vs Industry: 6176 underperformed the TW Semiconductor industry which returned 112.4% over the past year.
Return vs Market: 6176 underperformed the TW Market which returned 63.5% over the past year.
Shareholder returns
| 6176 | Industry | Market | |
|---|---|---|---|
| 7 Day | -4.7% | -0.7% | 0.7% |
| 30 Day | -0.8% | 1.7% | 4.2% |
| 90 Day | 3.4% | 3.7% | 7.7% |
| 1 Year | 42.7%33.7% | 117.8%112.4% | 69.1%63.5% |
| 3 Year | 111.4%70.4% | 163.6%135.0% | 73.3%53.6% |
| 5 Year | 226.0%126.5% | 332.2%259.1% | 133.7%92.2% |
Long-Term Price Volatility Vs. Market
How volatile is Radiant Opto-Electronics's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 week ago | Simply Wall St
Shareholders Of Radiant Opto-Electronics (TPE:6176) Must Be Happy With Their 201% Total Return4 weeks ago | Simply Wall St
Radiant Opto-Electronics Corporation's (TPE:6176) Recent Stock Performance Looks Decent- Can Strong Fundamentals Be the Reason?1 month ago | Simply Wall St
Radiant Opto-Electronics Corporation (TPE:6176) Shares Could Be 27% Above Their Intrinsic Value EstimateValuation
Is Radiant Opto-Electronics 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: 6176 (NT$123) is trading below our estimate of fair value (NT$309.27)
Significantly Below Fair Value: 6176 is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: 6176 is good value based on its PE Ratio (10.9x) compared to the TW Semiconductor industry average (29x).
PE vs Market: 6176 is good value based on its PE Ratio (10.9x) compared to the TW market (20.6x).
Price to Earnings Growth Ratio
PEG Ratio: 6176 is good value based on its PEG Ratio (0.9x)
Price to Book Ratio
PB vs Industry: 6176 is good value based on its PB Ratio (1.9x) compared to the TW Semiconductor industry average (2.9x).
Future Growth
How is Radiant Opto-Electronics forecast to perform in the next 1 to 3 years based on estimates from 6 analysts?
12.8%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: 6176's forecast earnings growth (12.8% per year) is above the savings rate (0.8%).
Earnings vs Market: 6176's earnings (12.8% per year) are forecast to grow slower than the TW market (16.1% per year).
High Growth Earnings: 6176's earnings are forecast to grow, but not significantly.
Revenue vs Market: 6176's revenue (8.8% per year) is forecast to grow slower than the TW market (10.1% per year).
High Growth Revenue: 6176's revenue (8.8% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: 6176's Return on Equity is forecast to be high in 3 years time (20.1%)
Past Performance
How has Radiant Opto-Electronics performed over the past 5 years?
14.5%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: 6176 has high quality earnings.
Growing Profit Margin: 6176's current net profit margins (9.3%) are lower than last year (10.5%).
Past Earnings Growth Analysis
Earnings Trend: 6176's earnings have grown by 14.5% per year over the past 5 years.
Accelerating Growth: 6176's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: 6176 had negative earnings growth (-10.8%) over the past year, making it difficult to compare to the Semiconductor industry average (27.5%).
Return on Equity
High ROE: 6176's Return on Equity (17.8%) is considered low.
Financial Health
How is Radiant Opto-Electronics's financial position?
Financial Position Analysis
Short Term Liabilities: 6176's short term assets (NT$48.0B) exceed its short term liabilities (NT$25.7B).
Long Term Liabilities: 6176's short term assets (NT$48.0B) exceed its long term liabilities (NT$806.1M).
Debt to Equity History and Analysis
Debt Level: 6176's debt to equity ratio (33.1%) is considered satisfactory.
Reducing Debt: 6176's debt to equity ratio has reduced from 46% to 33.1% over the past 5 years.
Debt Coverage: 6176's debt is well covered by operating cash flow (49.7%).
Interest Coverage: 6176 earns more interest than it pays, so coverage of interest payments is not a concern.
Balance Sheet
Dividend
What is Radiant Opto-Electronics's current dividend yield, its reliability and sustainability?
6.50%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: 6176's dividend (6.5%) is higher than the bottom 25% of dividend payers in the TW market (2%).
High Dividend: 6176's dividend (6.5%) is in the top 25% of dividend payers in the TW market (4.78%)
Stability and Growth of Payments
Stable Dividend: 6176's dividend payments have been volatile in the past 10 years.
Growing Dividend: 6176's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonable payout ratio (71.2%), 6176's dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: 6176's dividends in 3 years are forecast to be covered by earnings (55.5% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
8.8yrs
Average board tenure
CEO
Jyun-De Tian
1.25yrs
Tenure
Mr. Jyun-De Tian has been the Chief Executive Officer, Chairman and President of the Logistics & Manufacturing Center of Radiant Opto-Electronics Corporation since January 3, 2020.
Board Members
Experienced Board: 6176's board of directors are considered experienced (8.8 years average tenure).
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 Opto-Electronics Corporation's company bio, employee growth, exchange listings and data sources
Key Information
- Name: Radiant Opto-Electronics Corporation
- Ticker: 6176
- Exchange: TSEC
- Founded: 1995
- Industry: Semiconductors
- Sector: Semiconductors
- Market Cap: NT$58.593b
- Shares outstanding: 465.03m
- Website: https://www.radiant.com.tw
Location
- Radiant Opto-Electronics Corporation
- No. 1, Central 6th Road
- Kaohsiung Export Processing Zone
- Kaohsiung
- Taiwan
Listings
Biography
Radiant Opto-Electronics Corporation designs, manufactures, assembles, and markets backlight modules and light guide plates for liquid crystal display (LCD) panels in Asia, Europe, and the United States. T...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/04/14 08:48 |
| End of Day Share Price | 2021/04/14 00:00 |
| Earnings | 2020/12/31 |
| Annual Earnings | 2020/12/31 |
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.