2349 Stock Overview
Manufactures, processes, sells, import, and export of optical information and memory products, and related equipment in Taiwan, the United States, rest of Asia, Europe, Africa, Oceania, and internationally. More details
| Snowflake Score | |
|---|---|
| Valuation | 2/6 |
| Future Growth | 0/6 |
| Past Performance | 0/6 |
| Financial Health | 6/6 |
| Dividends | 0/6 |
Rewards
Risk Analysis
No risks detected for 2349 from our risk checks.
My Notes
Capture your thoughts, links and company narrative
RITEK Corporation Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | NT$14.00 |
| 52 Week High | NT$21.90 |
| 52 Week Low | NT$7.20 |
| Beta | 0.77 |
| 1 Month Change | -14.89% |
| 3 Month Change | -13.04% |
| 1 Year Change | 71.57% |
| 3 Year Change | 40.42% |
| 5 Year Change | 5.33% |
| Change since IPO | -48.76% |
Recent News & Updates
RITEK (TWSE:2349) Is Making Moderate Use Of Debt
Aug 11
RITEK Corporation's (TWSE:2349) Price Is Right But Growth Is Lacking After Shares Rocket 27%
May 31Recent updates
RITEK (TWSE:2349) Is Making Moderate Use Of Debt
Aug 11RITEK Corporation's (TWSE:2349) Price Is Right But Growth Is Lacking After Shares Rocket 27%
May 31RITEK's (TPE:2349) Stock Price Has Reduced 25% In The Past Three Years
Feb 21Would RITEK (TPE:2349) Be Better Off With Less Debt?
Dec 28A Look At RITEK's (TPE:2349) Share Price Returns
Nov 23Shareholder Returns
| 2349 | TW Tech | TW Market | |
|---|---|---|---|
| 7D | -1.8% | -1.9% | -2.1% |
| 1Y | 71.6% | 15.1% | 25.6% |
Return vs Industry: 2349 exceeded the TW Tech industry which returned 15.1% over the past year.
Return vs Market: 2349 exceeded the TW Market which returned 25.6% over the past year.
Price Volatility
| 2349 volatility | |
|---|---|
| 2349 Average Weekly Movement | 5.8% |
| Tech Industry Average Movement | 5.0% |
| Market Average Movement | 4.4% |
| 10% most volatile stocks in TW Market | 7.8% |
| 10% least volatile stocks in TW Market | 2.1% |
Stable Share Price: 2349 has not had significant price volatility in the past 3 months compared to the TW market.
Volatility Over Time: 2349's weekly volatility (6%) has been stable over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 1952 | n/a | Ting-Chang Wang | www.ritek.com |
RITEK Corporation manufactures, processes, sells, import, and export of optical information and memory products, and related equipment in Taiwan, the United States, rest of Asia, Europe, Africa, Oceania, and internationally. The company offers storage media product lines, including optical storage media comprising CDs, DVDs, and Blu-ray discs; electronic storage media, which include flash memory cards, USB flash drives, portable hard disc drives, solid state drives, and others. It also provides solar modules comprising mono and poly-crystalline solar modules; integrating solar systems; OLED display panels, ITO glasses, and patterned sapphire substrate solutions; metal masks; contact lenses; ozone antibacterial systems; and biological detection discs.
RITEK Corporation Fundamentals Summary
| 2349 fundamental statistics | |
|---|---|
| Market cap | NT$9.71b |
| Earnings (TTM) | -NT$69.06m |
| Revenue (TTM) | NT$7.61b |
1.3x
P/S Ratio-140.6x
P/E RatioIs 2349 overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| 2349 income statement (TTM) | |
|---|---|
| Revenue | NT$7.61b |
| Cost of Revenue | NT$6.41b |
| Gross Profit | NT$1.21b |
| Other Expenses | NT$1.27b |
| Earnings | -NT$69.06m |
Last Reported Earnings
Sep 30, 2024
Next Earnings Date
n/a
| Earnings per share (EPS) | -0.10 |
| Gross Margin | 15.84% |
| Net Profit Margin | -0.91% |
| Debt/Equity Ratio | 44.4% |
How did 2349 perform over the long term?
See historical performance and comparisonCompany Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/21 10:05 |
| End of Day Share Price | 2024/12/20 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
| |
| Ownership | 10 years |
| |
| Management | 10 years |
| |
| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
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.
Analysis Model and Snowflake
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Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
RITEK Corporation is covered by 3 analysts. 0 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Qing Rong Lin | E.Sun Securities Investment Consulting Co. Ltd. |
| Clement Wu | SinoPac Securities Investment Service |
| Harshal Moholkar | Virtua Research Inc. |