RDC Semiconductor Co. Ltd. (3228) AI Stock Analysis

RDC Semiconductor Co. Ltd.

(TPEx:3228)

Select Model

Rating:38Underperform

Price Target:TWD 109.00▼(-10.29% Downside)

Action:initiatedcoverage

Date:11/10/26

The overall score is severely depressed by unprofitable operations and extremely weak technical momentum. The company is deeply loss-making with negligible operating cash flow, and the stock is in a strong downtrend, trading below all key moving averages with oversold momentum readings. The pristine, debt-free balance sheet is the only positive factor preventing a minimum score.

Positive Factors

Low leverageVery low leverage gives RDC Semiconductor financial flexibility while profitability is under pressure. A sizable equity base and limited debt burden can help the company absorb losses, preserve funding capacity, and avoid excessive interest obligations over the next several quarters.

Negative Factors

Severe profitability deteriorationDeeply negative net margins show that RDC Semiconductor is not currently converting revenue and gross profit into sustainable earnings. Persistent losses can weaken the equity base, restrict internally funded investment, and make financial performance highly dependent on a successful operating recovery.

RDC Semiconductor Co. Ltd. (3228) vs. SPDR S&P 500 ETF (SPY)

Market Cap: TWD 8.60B
Dividend Yield: ―
Average Volume (3M): 289.37K
Price to Earnings (P/E): -63.7
Beta (1Y): 1.37
Revenue Growth: 4.58%
EPS Growth: 9.27%
Country: TW
Employees: 102
Sector: General
Sector Strength: 55
Industry: Semiconductors

RDC Semiconductor Co. Ltd. Business Overview & Revenue Model

Company Description

RDC Semiconductor Co., Ltd. designs and develops 16/32-bit microprocessors in Taiwan and internationally. The company offers EmKore platform for embedded applications, such as point of sale systems, public information kiosk, human machine interfaces,...

RDC Semiconductor Co. Ltd. Financial Statement Overview

Summary

Financial performance is critically weak. The income statement shows a net loss of NT$143.9M with a -46.6% net margin, and operating cash flow has nearly vanished at NT$5.7M. The only mitigating factor is a strong, debt-free balance sheet with a 0.04 debt-to-equity ratio, preventing a lower score.

Income Statement

28Negative

Balance Sheet

72Positive

Cash Flow

15Very Negative

Financial statement breakdown
Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	325.06M	308.98M	424.69M	301.78M	416.01M	618.37M
Gross Profit	158.52M	192.41M	309.97M	193.36M	312.90M	520.11M
EBITDA	-14.21M	-9.79M	103.32M	-3.59M	153.22M	285.36M
Net Income	-138.78M	-143.88M	-24.11M	-121.04M	35.85M	197.91M
Balance Sheet
Total Assets	792.63M	766.11M	777.72M	700.71M	836.33M	801.47M
Cash, Cash Equivalents and Short-Term Investments	109.77M	112.02M	88.09M	83.86M	170.14M	206.33M
Total Debt	24.36M	24.49M	64.92M	47.73M	13.58M	53.20M
Total Liabilities	112.04M	92.91M	125.78M	111.59M	115.49M	117.22M
Stockholders Equity	680.59M	673.20M	651.94M	589.12M	720.84M	684.25M
Cash Flow
Free Cash Flow	-9.12M	-100.97M	-101.99M	-121.16M	-65.77M	-28.36M
Operating Cash Flow	18.42M	5.67M	94.35M	2.20M	115.44M	185.86M
Investing Cash Flow	-83.10M	-101.97M	-200.87M	-131.73M	-103.71M	-213.23M
Financing Cash Flow	114.66M	124.38M	106.73M	27.37M	-39.42M	13.95M

RDC Semiconductor Co. Ltd. Peers Comparison

Overall Rating

UnderperformOutperform

Sector (55)

Financial Indicators

TW:3228 against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
TW:6291	60Neutral	TWD 9.32B	24.34	―	1.93%	35.76%	169.17%
Sector *	55Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%
TW:3312	48Neutral	TWD 7.53B	10.42	―	3.10%	17.75%	197.11%
TW:8096	42Neutral	TWD 10.41B	21.18	―	0.68%	16.50%	33.43%
TW:3228	38Underperform	TWD 8.63B	-63.66	―	―	4.58%	9.27%

* General Sector Average

Performance Comparison

TW:3228 and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
TW:3228	RDC Semiconductor Co. Ltd.	121.50	-18.50	-13.21%
TW:3312	GMI Technology, Inc.	41.95	2.84	7.27%
TW:6291	Analog Integrations Corporation	311.00	164.11	111.72%
TW:6907	Artery Technology Corporation	123.50	74.84	153.82%
TW:7899	Certain Micro Application Technology Inc	299.50	-15.45	-4.91%
TW:8096	CoAsia Electronics Corp.	73.50	20.07	37.55%

Glossary

BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.

Date of analysis: Nov 10, 2026

RDC Semiconductor Co. Ltd. AI Stock Analysis