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Major Taiwanese maker of backlight modules and LED lighting components used in LCD notebook, monitor and TV displays.
Major Taiwanese maker of backlight modules and LED lighting components used in LCD notebook, monitor and TV displays.
Sells backlight modules, the light source behind an LCD screen, built to each customer's panel design and sold to panel makers and device brands, so a design win secures repeat volume until the model ends. Production is largely in mainland China, where its customers assemble.
In one line: A hidden backlight-module supplier inside LCD panels.
Moat: narrow (scale, process know-how). Large-scale, qualified backlight-module supplier deeply embedded in the LCD display supply chain.
Headquarters: Taichung, Taiwan · Founded: 1994
Size Radiant Opto-Electronics (6176.TW) is a Taiwan Information Technology company (Electronic Production Equipment) with a market value of $795M, the 316th largest of 687 Taiwan companies the cockpit tracks. Shares closed at NT$78.00 on 6 Nov 2026.
Performance Over six months the shares fell 14.6%, against -28.5% for the median peer and -3.4% for the Taiwan market (cap-weighted) — 8th highest of 20 in its peer set.
Growth Revenue fell 11.2% over the last twelve months (peer median +10.4%); the operating margin is 9.2% (peer median 6.1%).
Valuation It trades at 9.5× forward earnings against a peer median of 10.6× (5th cheapest of 13).
Capital Return on invested capital runs 13.1 points above its cost of capital (5.0% WACC).
Next results Next results expected around 25 Feb 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | NT$46.0B | NT$48.8B | NT$51.6B | NT$44.1B | NT$58.7B |
| Revenue growth | — | -6% | +17% | -25% | — |
| Gross profit | NT$9.01B | NT$9.70B | NT$10.3B | NT$8.56B | NT$11.5B |
| EBITDA | NT$5.72B | NT$6.91B | NT$7.41B | NT$6.34B | NT$8.71B |
| Net income | NT$2.99B | NT$4.34B | NT$7.27B | NT$5.28B | NT$6.73B |
| Free cash flow | -NT$721M | NT$3.00B | NT$5.15B | NT$5.22B | NT$10.4B |
| Capital expenditure | NT$3.36B | NT$2.43B | NT$1.31B | NT$591M | NT$620M |
| Total debt | NT$13.8B | NT$12.5B | NT$4.49B | NT$7.01B | NT$9.27B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Radiant Opto-Electronics 6176.TW | $795M | -15% | -11% | 9% | 9.5× | n/a |
| Coretronic 5371.TWO | n/a | -1% | n/a | n/a | n/a | n/a |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | 6176.TW | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -15.5% | -15.1% | 11th highest of 21 |
| 6-month return | -14.6% | -28.5% | 8th highest of 20 |
| Distance from 52-week high | -45.3% | -48.7% | 8th highest of 21 |
| Revenue growth (TTM) | -11.2% | +10.4% | 7th lowest of 21 |
| Operating margin | 9.2% | 6.1% | 9th highest of 21 |
| Forward P/E | 9.5× | 10.6× | 5th cheapest of 13 |
| ROIC minus cost of capital | +13.1 pp | +0.2 pp | 4th highest of 21 |
| EV / EBITDA | 1.7× | 9.4× | cheapest of 9 |
| Net debt / EBITDA | -2.9× | 0.5× | least indebted of 9 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Radiant Opto-Electronics 6176.TW | Taiwan | $795M | -15% | -11% | 9% | 9.5× | n/a | n/a |
| DKE 1770.HK | Hong Kong | $796M | n/a | +35% | 5% | n/a | 17.5% | +9.6% |
| Team 4967.TW | Taiwan | $783M | -7% | +91% | 35% | 39.4× | n/a | n/a |
| Suzhou Jinfu Technology 300128.SZ | China | $781M | -38% | +33% | -12% | n/a | n/a | n/a |
| Beken 603068.SS | China | $810M | 0% | +35% | 1% | n/a | n/a | n/a |
| Foxsemicon Integrated Technology 3413.TW | Taiwan | $778M | -29% | +16% | 13% | 8.6× | n/a | n/a |
| Japan Display 6740.T | Japan | $773M | -74% | -25% | -9% | n/a | n/a | n/a |
| Suzhou Shihua New Material Technology 688093.SS | China | $772M | -43% | -26% | 32% | 9.5× | 7.0% | +27.0% |
| LianChuang Electronic Technology 002036.SZ | China | $818M | -42% | -32% | -25% | n/a | n/a | n/a |
| Kctech 281820.KS | South Korea | $770M | -14% | +19% | 20% | 8.7× | 2.8% | +3.7% |
| Ceres Power CWR.L | United Kingdom | $758M | -63% | -23% | -125% | n/a | n/a | n/a |
| AcBel Polytech 6282.TW | Taiwan | $838M | -35% | +14% | 3% | 22.5× | 15.7% | +8.6% |
| Suzhou Wanxiang Technology 301180.SZ | China | $724M | -32% | +8% | 2% | n/a | 25.2% | +4.4% |
| Thinking Electronic Industrial 2428.TW | Taiwan | $721M | 0% | +11% | 23% | 11.2× | 0.8% | +6.3% |
| Scanfil SCANFL.HE | Finland | $877M | -7% | +19% | 6% | 16.2× | 6.9% | +6.0% |
| Shenzhen S-king Intelligent Equipment 688328.SS | China | $718M | -7% | +31% | 11% | n/a | 29.2% | +0.7% |
| Guoguang Electric Co., Ltd.Chengdu 688776.SS | China | $709M | -46% | -38% | -89% | 30.3× | n/a | n/a |
| Mitsui High-Tec 6966.T | Japan | $892M | +20% | +10% | 8% | 9.2× | n/a | n/a |
| JVCKENWOOD 6632.T | Japan | $694M | -34% | +2% | 7% | 7.0× | -17.0% | +5.5% |
| Evertz Technologies ET.TO | Canada | $689M | -21% | +4% | 13% | 15.1× | 5.0% | +8.5% |
| Hangzhou Sunrise Technology 300360.SZ | China | $919M | -20% | -17% | 19% | 10.0× | -1.6% | +9.0% |