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6198.TWO$20.40-1.69%
Fair $20.40+0.0%

6198.TWO

Rich Circle Development Co., Ltd.

Technology / SemiconductorsTaipei Exchange

$20.40

-0.35 (-1.69%)

Fairly Valued+0.0%Fair Value $20.40Fund rank 30/100 · Data gapFallback financials|
SA 17/F
F-Score: 2/9
Declining RevenueLow Profitability

FCF base 3Y

n/d

n/d CAGR · yield n/d

FCF base 5Y

n/d

n/d base · n/d expected

Precio de entrada

n/d

MOS 34% · confianza 20%

FCF escenarios

weak_data · normalized FCF $-1.4B · quality 55.3/100

Data gap 30/100
Bear 5Yn/dn/d
Base 5Yn/dn/d
Bull 5Yn/dn/d
Return 0/100Downside 20/100Model quality 20/100Data QA 20/100

Ranking barato/determinista: CAGR esperado 5Y + downside bear + calidad del modelo + balance + capital allocation + data gate. No entra en buy-candidate si la data es débil o el CAGR 5Y no compensa.

Quality + valuation scorecard

SA Score

17/100

F

Piotroski

2/9

balance/quality

Valuation

50/100

+0.0% upside

5Y CAGR

+0.0%

50/100

Data QA

16/100

SEC 0%

Latest source: unknownPeriods: 4Warnings: 2unknown: 4
No SEC-backed annual rows; valuation uses fallback financial data. Insufficient audited annual history (<3 SEC-backed years); composite fair value and forward targets are disabled until manually verified. Revenue has declined for 2 consecutive years ROE is -0.8%, below the 5% threshold
Thesis & Journal · 6198.TWOLocal privado en este navegador · Rich Circle Development Co., Ltd.
Plantilla tipo buy-side: tesis, bull/base/bear, catalizadores, riesgos, kill criteria y fecha de revisión. Esto no gasta GPT-5.5; luego lo usamos como contexto del memo.

Sin guardar todavía.

Market Cap

$3.5B

P/E

N/A

•

EV/EBITDA

N/A

•

ROE

-0.8%

↓

Gross Margin

70.5%

↑

Debt/Equity

0.27

↑
52-Week Range$20
$20$36

TradingView lightweight chart

6198.TWO price, volumen y niveles de valoración

Último $20.40Periodo -68.3%
Fair value: $20.40

Price & Ratios

Absolute Values (Left Axis)

Ratios / Percentages (Right Axis)

Financial statement dashboard

Crecimiento, márgenes y provenance

2022–2025 · 3 años de histórico normalizado

Revenue CAGR

-60.1%

FCF CAGR

—

FCF margin

-591234.2%

FCF / Net income

34.40x

Latest source

Provider fallback

Margin decomposition

Último año: revenue $234000.0 · net income $-40.2M · FCF $-1.38B

2022-FY → 2025-FY

Gross margin

70.5%-11.3% pts

Operating margin

-22443.2%-21843.1% pts

Net margin

-17184.6%-16661.7% pts

FCF margin

-591234.2%-583307.2% pts
MetricTTM
2025
2024
2023
2022
Income Statement
Revenue$234000.00$234000.00$2.4M$254.8M$3.7M
Net Income$-40.2M$-40.2M$-51.3M$57.0M$-19.3M
EBITDA$-24.2M$-24.2M$-40.0M$87.6M$-16.3M
EPS——-0.562.36-0.85
Gross Margin70.5%70.5%16.3%48.5%81.8%
Operating Margin-22443.2%-22443.2%-2115.2%30.4%-600.1%
Net Margin-17184.6%-17184.6%-2172.7%22.4%-522.9%
Balance Sheet
Debt/Equity0.270.270.260.540.01
Current Ratio4.884.88———
Cash Flow
Free Cash Flow$-1.38B$-1.38B$-2.99B$-551.9M$-292.5M
Returns
ROE-0.8%-0.8%-1.1%7.6%-4.2%
Valuation
P/E———12.03—
EV/EBITDA———11.17—
P/B0.740.740.830.980.96
Growth & Yield
Revenue Growth-90.1%-90.1%-99.1%6805.9%—
EPS Growth——-123.7%377.6%—

Revenue, Net Income & Free Cash Flow ($B)

Margins (%)

Returns (%)

Leverage & Liquidity

Reverse DCF · market-implied EPS growthterminal P/E 15.0x · COE 10.0%
Reverse DCF requires positive EPS; loss-making or zero-EPS companies cannot produce a clean EPS hurdle.

Qué te dice: cuánto EPS CAGR está descontando el precio si sales al múltiplo terminal indicado. Si el growth observado queda por debajo, el mercado está pidiendo una ejecución muy fina.

Return attribution · 1Y approxreconcilia total -41.3%

Total return

-41.3%

Start / end P/E

n/dx → n/dx

EPS bridge

-0.56 → n/d

Residual

-41.3%

EPS growthn/d
Multiple reratingn/d
Dividend+0.0%
Residual / FX / buybacks / cross-term-41.3%

EPS/multiple decomposition requires positive EPS at both endpoints; residual absorbs price move not explained by dividends.

Simple additive decomposition: total return = EPS growth contribution + P/E multiple contribution + dividend contribution + explicit residual. The residual captures cross-terms, buybacks/share-count effects, FX, special dividends, data noise and methodology mismatch so the bridge always reconciles.