RITEK Corporation (2349) Fair Value & Analysis
Technology · TW · Market cap 7.9B TWD
Fair value as of: Jul 23, 2026
From 4 valuation models · updated 18 days ago
Share price −13.6% over the past month.
Below-average quality, and screening another 88% overvalued on our models.
What matters now
- The price sits above even our optimistic bull case (2.81 TWD). The favourable scenario is already priced in.
- Weak quality (31/100) and above fair value at the same time, the margin of safety is missing on both counts.
- The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution.
- A fairly wide model range (1.29 TWD to 2.81 TWD) leaves room in how you read the outcome.
Price vs Fair Value (5 years)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 23, 2026.
How to read this chart
60‑month range 7.00 TWD – 19.95 TWD · fair‑value band 1.29 TWD – 2.81 TWD · the 11.10 TWD price screens above the 1.29 TWD fair value. Dashed = 300-day average. As of Jul 23, 2026.
Analysis
RITEK Corporation (2349) currently trades at 11.10 TWD, while our model-based Fair Value estimate is 1.29 TWD, implying the stock looks roughly 88.4% overvalued today. The Quality Score stands at 31/100 (below-average quality), in the Technology sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: low).
Over the trailing twelve months, RITEK Corporation generated revenue of 7.4B TWD at a net margin of -3.2%. Revenue declined 4.3% year over year. It earns a return on equity of -2.0%. Net debt stands at 3.3B TWD. Fundamentals as of Jul 23, 2026
Our scenario range runs from 1.29 TWD (bear case) to 2.81 TWD (bull case); at 11.10 TWD, the current price sits above that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 35% below its 52-week high and 28% above its 52-week low, currently below its 200-day average. For context, the median of 10 Technology peers we cover trades at -67% fair-value upside, at -88%, 2349 screens richer than that median.
Fair Value models
Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.
All 4 models by family
Widest divergence: Dividend Discount (7.23 TWD) versus Multiples (3.98 TWD). Highest evidence: Gordon GGM (70).
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Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Jul 23, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 30 · Market factors (momentum, volatility) 39
Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.
About the company
RITEK Corporation manufactures, processes, sells, imports, and exports optical information and memory products and related equipment in Taiwan, the Americas, Asia, Europe, Africa, Oceania, and internationally.
Full company description
RITEK Corporation manufactures, processes, sells, imports, and exports optical information and memory products and related equipment in Taiwan, the Americas, Asia, Europe, Africa, Oceania, and internationally. The company provides 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 offers solar modules comprising mono- and polycrystalline solar modules; integrated solar systems; OLED display panels, ITO glasses, and patterned sapphire substrate solutions; metal masks; contact lenses; ozone antibacterial systems; and biological detection discs. In addition, the company engages in the manufacture and processing of organic electroluminescent displays, conductive glass, optical discs, and batteries; lighting equipment manufacturing; venture investment; nursing services; real estate investment and leasing; and electronic components manufacturing businesses, as well as offers silicone chemicals, concrete waterproofing, DIY repairs, home cleaning/personal care products, plastic precision injection products, and management consulting services. Further, it offers retiring day care centers, public, and catering services. RITEK Corporation was founded in 1952 and is headquartered in Hsinchu City, Taiwan.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
RITEK Corporation reported revenue of 7.5B TWD in FY2025 versus 7.5B TWD in FY2021, a compound +0.1%/yr. Reported net income was −247M TWD in FY2025.
2349 screens 88% overvalued. Compare with Compal Electronics, Inc →
Peer Group
Computer Hardware · 215 stocks
How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.
Valuation Multiples vs Computer Hardware median · lower = cheaper
Snowflake
Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.
VALUE 0: the price sits above our fair-value range.
Insider activity: 45/100
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.
Similar stocks
10 more Computer Hardware stocks, each showing price versus our Fair Value estimate (as of Jul 23, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| Compal Electronics, Inc CEIR | $0.0310 | $0.0276 | -11% |
| Dell Technologies Inc DELL | $434.97 | $163.87 | -62% |
| Arista Networks, Inc ANET | $168.56 | $43.74 | -74% |
| Western Digital Corporation WDC | $513.84 | $74.05 | -86% |
| Wiwynn Corporation 6669 | 4,685 TWD | 1,559 TWD | -67% |
| Hangzhou Hikvision Digital Technology Co 002415 | ¥34.12 | ¥30.11 | -12% |
| Quanta Computer Inc 2382 | 373.50 TWD | 297.22 TWD | -20% |
| Shenzhen Longsys Electronics Co 301308 | ¥587.60 | ¥60.86 | -90% |
| Lenovo Group 0992 | HK$23.16 | HK$3.07 | -87% |
| Dawning Information Industry Co 603019 | ¥106.13 | ¥28.88 | -73% |
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Frequently asked questions
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How we calculate Fair Value
Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.
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