RiTdisplay Corp (8104) AI Stock Analysis

RiTdisplay Corp

(TWSE:8104)

Select Model

Rating:40Underperform

Price Target:TWD 23.50▼(-10.65% Downside)

Action:initiatedcoverage

Date:11/10/26

The score is primarily constrained by deteriorating profitability, higher leverage, negative operating cash flow, and deeply negative free cash flow. Bearish technical trends and loss-based valuation provide additional downside concerns, while oversold momentum offers only limited offsetting support.

Positive Factors

OLED Display SpecializationA focused position in OLED display technology gives RiTdisplay exposure to a specialized component market and aligns its capabilities with applications across electronic devices and industrial equipment. This domain expertise can support durable customer relevance if OLED adoption continues across those end markets.

Negative Factors

Sharp Revenue ContractionA second consecutive year of revenue contraction points to a sustained weakening in demand or pricing conditions rather than an isolated quarterly setback. Prolonged top-line pressure can reduce scale benefits, weaken customer momentum, and make a durable recovery in earnings more difficult.

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

Weak financial performance: revenue declined 42.3%, profitability deteriorated into a net loss, leverage increased, operating cash flow was negative, and free cash flow was substantially negative. Positive equity and sizable assets provide limited support.

Income Statement

35Negative

Balance Sheet

48Neutral

Cash Flow

20Very Negative

Financial statement breakdown
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

UnderperformOutperform

Sector (55)

Financial Indicators

TW:8104 against its peers
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:8104	40Underperform	TWD 2.74B	-31.81	―	0.37%	-25.80%	-414.29%
TW:6588	36Underperform	TWD 2.67B	426.31	―	―	94.18%	―
TW:3437	35Underperform	TWD 2.44B	-6.36	―	―	-22.27%	-58.73%

* General Sector Average

Performance Comparison

TW:8104 and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
TW:8104	RiTdisplay Corp	26.30	-4.35	-14.19%
TW:3437	Advanced Optoelectronic Technology, Inc.	17.40	3.10	21.68%
TW:4951	Feature Integration Technology Inc.	75.10	9.37	14.26%
TW:6498	POWERTIP IMAGE CORP	55.00	-30.74	-35.85%
TW:6588	East Tender Optoelectronics Corp.	79.00	51.10	183.15%
TW:8049	Ampire Co., Ltd.	22.60	-1.50	-6.23%

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 09, 2026

RiTdisplay Corp AI Stock Analysis