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Radiant Opto-Electronics Corporation (6176) Fair Value & Analysis

Technology · TW · Market cap 29.2B TWD

RO Radiant Opto-Electronics Corporation 6176 · TW
Price83.40 TWD
Fair Value250.20 TWD
Upside+200.0%
Quality60/100
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Weak Growth
Thin margins · 9.0% net margin
Low debt · generates free cash flow
4.21% dividend yield
Ranks above peers (13/14)
Moderate moat 49/100
Evidence: High Range 187.66 TWD – 312.76 TWD Share as image

Fair value as of: Jul 21, 2026

From 24 valuation models · updated 19 days ago

Fair value updated Jul 21, 2026, revised from 188.75 TWD to 250.20 TWD (+32.6%) since Jun 25, 2026. Share price −8.3% over the past month.

A solid business, screening 200% undervalued on our models.

What matters now

  • The price is below even our cautious bear case (187.66 TWD). The market is more pessimistic than our downside scenario.
  • Solid quality (60/100) at a price below fair value, the discount is the argument here, not the business quality.
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Price vs Fair Value (5 years)

219.50 TWD 74.81 TWD Fair Value 250.20 TWD Mar 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 21, 2026.

How to read this chart

60‑month range 74.81 TWD – 219.50 TWD · fair‑value band 187.66 TWD – 312.76 TWD · the 83.40 TWD price screens below the 250.20 TWD fair value. Dashed = 300-day average. As of Jul 21, 2026.

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Analysis

Radiant Opto-Electronics Corporation (6176) currently trades at 83.40 TWD, while our model-based Fair Value estimate is 250.20 TWD, implying the stock looks roughly 200.0% undervalued today. The Quality Score stands at 60/100 (solid quality), in the Technology sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: high), always confirm before acting.

Over the trailing twelve months, Radiant Opto-Electronics Corporation generated revenue of 48.8B TWD at a net margin of 9.0%. Revenue grew 0.1% year over year. It earns a return on equity of 11.6%. The balance sheet holds a net cash position of 22.2B TWD. Fundamentals as of Jul 21, 2026

Our scenario range runs from 187.66 TWD (bear case) to 312.76 TWD (bull case); at 83.40 TWD, the current price sits below 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 48% below its 52-week high, currently below its 200-day average. For context, the median of 10 Technology peers we cover trades at -73% fair-value upside, at 200%, 6176 screens cheaper 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.

Model BearBaseBull Evidence
Highest evidence
Growth DCF 189.42 TWD 222.42 TWD 272.35 TWD 80
Residual Income 97.06 TWD 112.28 TWD 180.72 TWD 76
Rev-Margin DCF 216.97 TWD 283.57 TWD 358.06 TWD 74
All 24 models by family
DCF Models
FCF DCF 186.21 TWD 220.62 TWD 275.75 TWD 38
Owner Earnings 193.35 TWD 230.50 TWD 290.02 TWD 31
5Y Revenue Exit 216.97 TWD 282.57 TWD 369.35 TWD 39
5Y EBITDA Exit 236.51 TWD 316.34 TWD 411.83 TWD 41
5Y P/E Exit 232.99 TWD 310.24 TWD 392.72 TWD 38
10Y Revenue Exit 200.31 TWD 256.22 TWD 323.01 TWD 36
10Y EBITDA Exit 216.52 TWD 278.71 TWD 352.35 TWD 37
10Y P/E Exit 214.34 TWD 274.65 TWD 339.15 TWD 35
Earnings-Based
Graham-Dodd 85.56 TWD 164.37 TWD 205.10 TWD 54
EPV 193.07 TWD 209.11 TWD 223.14 TWD 59
Dividend Discount
Gordon GGM 129.88 TWD 179.55 TWD 230.13 TWD 70
DDM Multi-Stage 129.88 TWD 180.71 TWD 240.43 TWD 61
Multiples
P/E Multiple 188.75 TWD 251.66 TWD 314.58 TWD 63
P/S Multiple 160.43 TWD 213.91 TWD 267.39 TWD 58
P/B Multiple 160.43 TWD 213.91 TWD 267.39 TWD 55
EV/EBIT 317.54 TWD 391.11 TWD 464.67 TWD 53
EV/EBITDA 292.06 TWD 357.13 TWD 422.20 TWD 54
EV/Revenue 245.61 TWD 309.37 TWD 373.13 TWD 43
Asset-Based
NCAV (Graham) 51.96 TWD 69.63 TWD 103.92 TWD 50
Growth DCF
Growth DCF 189.42 TWD 222.42 TWD 272.35 TWD 80
Rev-Margin DCF 216.97 TWD 283.57 TWD 358.06 TWD 74
Economic Profit
Residual Income 97.06 TWD 112.28 TWD 180.72 TWD 76
ROIC Compounder 193.77 TWD 210.72 TWD 226.09 TWD 72
Growth Earnings
Growth-Adj P/E 135.73 TWD 193.90 TWD 252.07 TWD 68

Widest divergence: DCF Models (274.65 TWD) versus Asset-Based (69.63 TWD). Highest evidence: Growth DCF (80).

Key figures & financial health

Revenue (TTM) 48.8B TWD
Revenue growth (YoY) +0.1%
Net margin 9.0%
Return on equity 11.6%
Free cash flow 3.0B TWD FY2025
P/E ratio 9.8
More key figures
Operating margin 11.9%
EPS (TTM) 9.30 TWD
Dividend yield 3.8%
EPS growth (YoY) +4.1%
Net cash 22.2B TWD FY2025

Figures from reported company fundamentals · as of Jul 21, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 60/100

Of which business quality 59 · Market factors (momentum, volatility) 26

Profitability 43
Margins and returns on capital today
Quality Growth 10
Are margins and returns improving?
Cashflow 42
Earnings quality: real cash, not paper profit
Fin. Strength 85
Balance sheet, leverage, solvency risk
Investment 89
Disciplined investing over empire-building
Low Volatility 75
Calm price path (market factor)
Momentum 9
Price trend over the last 3–12 months (market factor)
52W Momentum 1
Distance to the 52-week high (market factor)
Net Issuance 95
Buybacks instead of dilution

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

Radiant Opto-Electronics Corporation engages in the manufacture and sale of backlight modules and light guide plates for liquid crystal display panels (LCD) in Asia, Europe, and the United States.

Full company description

Radiant Opto-Electronics Corporation engages in the manufacture and sale of backlight modules and light guide plates for liquid crystal display panels (LCD) in Asia, Europe, and the United States. The company's products are used in various applications, including smartphones, DSC, video phones, tablets, notebooks, dashboards, pocket TVs, DVD players, car navigations, monitors, all in one PCs, and TFT LCD TVs. The company was founded in 1984 and is headquartered in Kaohsiung, Taiwan.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Radiant Opto-Electronics Corporation reported revenue of 48.8B TWD in FY2025 versus 56.9B TWD in FY2021, a compound −3.8%/yr. Reported net income was 4.3B TWD in FY2025, compounding −4.4%/yr from FY2021.

Growth Quality 40/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
48.8B TWD
Latest YoY
−5.5%
Avg. growth/yr (3Y)
−6.0%
Avg. growth/yr (5Y)
−2.8%
Avg. growth/yr (23Y)
+10.1%
Revenue −3.8%/yr
FY21 56.9B TWD
FY22 58.7B TWD
FY23 44.1B TWD
FY24 51.6B TWD
FY25 48.8B TWD
Net income −4.4%/yr
FY21 5.2B TWD
FY22 6.7B TWD
FY23 5.3B TWD
FY24 7.3B TWD
FY25 4.3B TWD

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Cite: Fair Value Calculator (2026). "Radiant Opto-Electronics Corporation Fair Value". https://www.fairvalue-calculator.com/stock/6176

Peer Group

Electronic Components · 626 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.

Quality Score 60 · Above median
Fair Value upside +200% · Top 25%
Return on equity (TTM) 12% · Top 25%
Return on assets 5% · Top 25%
Net margin (TTM) 9% · Above median
Operating margin (TTM) 12% · Above median
Revenue growth 0% · Below median
Dividend yield (TTM) 4.2% · Top 25%
Debt / equity 0.04× · Lower than median

Valuation Multiples vs Electronic Components median · lower = cheaper

P/E (TTM) 9.1× · Cheaper than 75% of peers
P/B 0.82× · Cheaper than 75% of peers
P/S (TTM) 0.60× · Cheaper than median
P/FCF 0.3× · Cheaper than 75% of peers
PEG 0.64× · Cheaper than median

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 100 · sector 0
FUTURE 1 · sector 32
PAST 46 · sector 24
HEALTH 98 · sector 95
DIVIDEND 84 · sector 25

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Electronic Components stocks, each showing price versus our Fair Value estimate (as of Jul 21, 2026).

Stock Price Fair Value vs Fair Value
Delta Electronics, Inc 2308 1,880 TWD 515.23 TWD -73%
Hon Hai Precision Industry Co 2317 242.50 TWD 270.47 TWD +12%
Luxshare Precision Industry Co 002475 ¥62.14 ¥38.44 -38%
Samsung Electro-Mechanics Co 009150 1,260,000 KRW 166,421 KRW -87%
Elite Material Co 2383 4,990 TWD 714.36 TWD -86%
Yageo Corporation 2327 699.00 TWD 216.55 TWD -69%
Shengyi Technology Co 600183 ¥132.29 ¥27.45 -79%
Shennan Circuits Co 002916 ¥364.00 ¥93.50 -74%
Victory Giant Technology (HuiZhou) Co 2476 HK$297.00 HK$103.98 -65%
Wus Printed Circuit (Kunshan) Co 002463 ¥127.80 ¥31.95 -75%

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Frequently asked questions

Is Radiant Opto-Electronics Corporation (6176) overvalued or undervalued?
As of Jul 21, 2026, our model estimates a fair value of 250.20 TWD versus a price of 83.40 TWD, about +200% (undervalued).
What is the fair value of 6176?
Our model-based fair value for Radiant Opto-Electronics Corporation is 250.20 TWD (as of Jul 21, 2026), built from audited fundamentals. The current price is 83.40 TWD.
What is the quality score of 6176?
Radiant Opto-Electronics Corporation has a Quality Score of 60/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the revenue of Radiant Opto-Electronics Corporation (6176)?
Radiant Opto-Electronics Corporation reported trailing-twelve-month revenue of about 48.8B TWD (latest available figure, as of Jul 21, 2026).
What is the net profit margin of 6176?
The net profit margin of Radiant Opto-Electronics Corporation is about 9.0%, meaning it keeps roughly 9.0% of revenue as net income. Based on the latest reported figures.
Does Radiant Opto-Electronics Corporation pay a dividend?
Radiant Opto-Electronics Corporation currently shows a dividend yield of about 3.82% relative to its recent price (as of Jul 21, 2026).

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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