PlayNitride Inc (6854) Fair Value & Analysis
Technology · TW · Market cap 11.8B TWD
Fair value as of: Jul 23, 2026
From 2 valuation models · updated 17 days ago
Share price −18.0% over the past month.
Below-average quality, and screening another 71% overvalued on our models.
What matters now
- The price sits above even our optimistic bull case (33.14 TWD). The favourable scenario is already priced in.
- Weak quality (26/100) 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.
Price vs Fair Value (4 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
48‑month range 62.50 TWD – 267.50 TWD · fair‑value band 23.84 TWD – 33.14 TWD · the 96.80 TWD price screens above the 28.49 TWD fair value. Dashed = 300-day average. As of Jul 23, 2026.
Analysis
PlayNitride Inc (6854) currently trades at 96.80 TWD, while our model-based Fair Value estimate is 28.49 TWD, implying the stock looks roughly 70.6% overvalued today. The Quality Score stands at 26/100 (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, PlayNitride Inc generated revenue of 1.2B TWD at a net margin of -26.7%. Revenue declined 54.7% year over year. It earns a return on equity of -8.3%. The balance sheet holds a net cash position of 1.2B TWD. Fundamentals as of Jul 23, 2026
Our scenario range runs from 23.84 TWD (bear case) to 33.14 TWD (bull case); at 96.80 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 52% 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 -71%, 6854 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.
All 2 models by family
Widest divergence: Multiples (30.94 TWD) versus Asset-Based (21.97 TWD). Highest evidence: EV/EBITDA (54).
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 34 · Market factors (momentum, volatility) 19
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
PlayNitride Inc. engages in the research and development, manufacture, and sale of MicroLED display products, modules, and panels in Taiwan, Korea, and internationally. The company also offers design, installation, and maintenance of processing equipment; consulting services; and licensing of technologies.
Full company description
PlayNitride Inc. engages in the research and development, manufacture, and sale of MicroLED display products, modules, and panels in Taiwan, Korea, and internationally. The company also offers design, installation, and maintenance of processing equipment; consulting services; and licensing of technologies. Its MicroLED products are used in large displays, medium and small displays, and flexible displays, as well as AR, wearable devices, and automotive applications. The company has a strategic collaboration with Brillink to develop an array-based photonic interconnect solution designed to deliver bandwidth density for computing and AI systems. PlayNitride Inc. was incorporated in 2014 and is headquartered in Miaoli, Taiwan.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
PlayNitride Inc reported revenue of 1.4B TWD in FY2025 versus 205M TWD in FY2021, a compound +60.3%/yr. Reported net income was −117M TWD in FY2025.
6854 screens 71% overvalued. Compare with Delta Electronics, Inc →
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.
Valuation Multiples vs Electronic Components 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.
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 Electronic Components stocks, each showing price versus our Fair Value estimate (as of Jul 23, 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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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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