RiTdisplay Corp AI Stock Analysis
RiTdisplay Corp (8104) AI Stock Analysis
RiTdisplay Corp
(TWSE:8104)
RiTdisplay scores low primarily because of a strained financial profile: despite a strong revenue rebound, margins shrank, the company returned to a net loss, operating cash flow turned negative and heavy capital spending drove free cash flow to roughly -NT$1.72bn, funded by a sharp rise in debt to about 1.5x equity. Technicals reinforce the caution, with the share price below all major moving averages and a negative MACD confirming a persistent downtrend. Valuation provides no offset, as the P/E is negative due to losses and the 0.39% dividend yield is immaterial. Positives — a growing asset base, positive EBITDA and a visible top-line recovery — are not yet sufficient to offset the leverage and cash-conversion risks.
RiTdisplay Corp (8104) vs. SPDR S&P 500 ETF (SPY)
- Market Cap
- TWD 2.78B
- Dividend Yield
- 0.37%
- Average Volume (3M)
- 287.05K
- Price to Earnings (P/E)
- -31.8
- Beta (1Y)
- 1.01
- Revenue Growth
- -25.80%
- EPS Growth
- -414.29%
- Country
- TW
- Employees
- 315
- Sector
- General
- Sector Strength
- 55
- Industry
- Hardware, Equipment & Parts
RiTdisplay Corp Business Overview & Revenue Model
Company Description
Established in 1997 and headquartered in Hsinchu City, Taiwan, RiTdisplay Corporation specializes in the innovation, production, and global distribution of organic light-emitting diodes (OLEDs) and their associated components. The company's portfolio...
RiTdisplay Corp Financial Statement Overview
Summary
Financials are stretched. Revenue rebounded strongly in FY2025 to about NT$3.56bn, but gross margin compressed to 15.7% from 19.7% and the company still posted a net loss of roughly NT$52m. The balance sheet has become lender-dependent, with borrowings jumping to NT$4.15bn and debt near 1.5x equity, while return on equity is negative. Cash flow is the weakest link: operating cash flow swung to -NT$226m and heavy capex drove free cash flow to about -NT$1.72bn, the deepest outflow of the period. This is a high-risk, capital-intensive turnaround that depends on the new capacity delivering quickly.
Income Statement
34NegativeBalance Sheet
33NegativeCash Flow
19Very Negative| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 2.77B | 3.56B | 2.30B | 2.68B | 2.71B | 2.23B |
| Gross Profit | 484.99M | 558.52M | 453.75M | 316.05M | 421.72M | 420.11M |
| EBITDA | 211.68M | 291.64M | 295.86M | 184.30M | 291.14M | 391.36M |
| Net Income | -80.92M | -52.24M | 13.70M | -226.91M | 49.33M | 192.16M |
Balance Sheet | ||||||
| Total Assets | 8.59B | 8.47B | 7.11B | 5.03B | 5.29B | 3.97B |
| Cash, Cash Equivalents and Short-Term Investments | 714.08M | 1.64B | 1.78B | 1.14B | 747.53M | 886.74M |
| Total Debt | 3.62B | 4.15B | 2.63B | 2.11B | 1.97B | 1.01B |
| Total Liabilities | 5.27B | 5.34B | 4.24B | 2.94B | 2.89B | 1.68B |
| Stockholders Equity | 3.01B | 2.81B | 2.56B | 1.87B | 2.20B | 2.24B |
Cash Flow | ||||||
| Free Cash Flow | -1.08B | -1.72B | -589.94M | 381.80M | -684.20M | -129.92M |
| Operating Cash Flow | 262.96M | -226.10M | 79.66M | 463.91M | 14.00M | 10.69M |
| Investing Cash Flow | -2.02B | -1.82B | -617.69M | -74.28M | -705.17M | -313.10M |
| Financing Cash Flow | 1.32B | 1.79B | 1.15B | 17.52M | 556.65M | 70.19M |
RiTdisplay Corp Peers Comparison
Overall Rating
TW:649874Outperform
TW:495173Outperform
TW:804966Neutral
TW:658836Underperform
TW:343735Underperform- TW:810433Underperform
Financial Indicators
| Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
| TW:6498 | 74Outperform | TWD 2.48B | 5.88 | ― | 8.18% | 11.55% | 0.64% |
| TW:4951 | 73Outperform | TWD 2.53B | 12.05 | ― | 5.99% | 3.87% | 39.70% |
| TW:8049 | 66Neutral | TWD 2.67B | 11.36 | ― | 6.19% | 4.38% | 18.31% |
| Sector * | 55Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% |
| TW:6588 | 36Underperform | TWD 2.67B | 426.31 | ― | ― | 94.18% | ― |
| TW:3437 | 35Underperform | TWD 2.44B | -6.36 | ― | ― | -22.27% | -58.73% |
| TW:8104 | 33Underperform | TWD 2.74B | -31.81 | ― | 0.37% | -25.80% | -414.29% |
* General Sector Average
Performance Comparison
| Show on chart | Ticker | Company Name | Price | Change | % Change |
|---|---|---|---|---|---|
| TW:8104 | RiTdisplay Corp | 26.30 | -5.00 | -15.97% | |
| TW:3437 | Advanced Optoelectronic Technology, Inc. | 17.40 | 2.55 | 17.17% | |
| TW:4951 | Feature Integration Technology Inc. | 75.10 | 8.79 | 13.26% | |
| TW:6498 | POWERTIP IMAGE CORP | 55.00 | -32.45 | -37.11% | |
| TW:6588 | East Tender Optoelectronics Corp. | 79.00 | 50.75 | 179.65% | |
| TW:8049 | Ampire Co., Ltd. | 22.60 | -1.22 | -5.11% |
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 09, 2026