Nan Ya Printed Circuit Board Corporation

TWSE:8046 Stock Report

Market Cap: NT$804.5b

Nan Ya Printed Circuit Board Valuation

Is 8046 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

2/6

Valuation Score 2/6

  • Below Future Cash Flow Value

  • Significantly Below Future Cash Flow Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of 8046 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Ultimate guide to DCF valuation for stock investing

Learn how to determine fair value like the best investors in the world.

Below Future Cash Flow Value: 8046 (NT$1245) is trading below our estimate of future cash flow value (NT$4110.81)

Significantly Below Future Cash Flow Value: 8046 is trading below future cash flow value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 8046?

Key metric: As 8046 is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for 8046. This is calculated by dividing 8046's market cap by their current earnings.
What is 8046's PE Ratio?
PE Ratio146.3x
EarningsNT$5.50b
Market CapNT$804.48b

Price to Earnings Ratio vs Peers

How does 8046's PE Ratio compare to its peers?

The above table shows the PE ratio for 8046 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average46.7x
3008 Largan Precision
28.1x5.85%NT$691.9b
4958 Zhen Ding Technology Holding
56.1x49.43%NT$525.4b
2327 Yageo
38.8x27.18%NT$1.2t
3481 Innolux
63.7x-32.61%NT$395.3b
8046 Nan Ya Printed Circuit Board
146.3x76.82%NT$804.5b

Price-To-Earnings vs Peers: 8046 is expensive based on its Price-To-Earnings Ratio (146.3x) compared to the peer average (46.7x).

Historical Price to Earnings Ratio

Historical Price to Earnings Ratio compares a stock's price to its earnings over time. Higher ratios indicate that investors are willing to pay more for the stock.

Fetching historical data

Price to Earnings Ratio vs Industry

How does 8046's PE Ratio compare vs other companies in the TW Electronic Industry?

2 CompaniesPrice / EarningsEstimated GrowthMarket Cap
3356 GeoVision
4.5xn/aUS$160.34m
3609 HEP Tech
3.9xn/aUS$30.10m
No more companies available in this PE range
8046 146.3xIndustry Avg. 27.3xNo. of Companies41PE020406080100+
2 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: 8046 is expensive based on its Price-To-Earnings Ratio (146.3x) compared to the TW Electronic industry average (27.2x).

Price to Earnings Ratio vs Fair Ratio

What is 8046's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

8046 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio146.3x
Fair PE Ratio86.9x

Price-To-Earnings vs Fair Ratio: 8046 is expensive based on its Price-To-Earnings Ratio (146.3x) compared to the estimated Fair Price-To-Earnings Ratio (86.9x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst 8046 forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentNT$1,245.00
NT$1,623.42
+30.39%
25.95%NT$2,500.00NT$1,095.00n/a12
Aug ’27NT$920.00
NT$1,502.83
+63.35%
29.49%NT$2,444.00NT$875.00n/a12
Jul ’27NT$1,175.00
NT$1,029.92
-12.35%
39.51%NT$1,550.00NT$285.00n/a12
Jun ’27NT$905.00
NT$897.45
-0.83%
36.99%NT$1,275.00NT$285.00n/a11
May ’27NT$1,005.00
NT$658.91
-34.44%
41.31%NT$1,050.00NT$285.00n/a11
Apr ’27NT$574.00
NT$477.55
-16.80%
32.93%NT$750.00NT$250.00n/a11
Mar ’27NT$555.00
NT$456.64
-17.72%
32.80%NT$750.00NT$250.00n/a11
Feb ’27NT$388.50
NT$361.64
-6.91%
27.30%NT$490.00NT$165.00n/a11
Jan ’27NT$241.00
NT$285.55
+18.48%
25.45%NT$360.00NT$130.00n/a11
Dec ’26NT$266.50
NT$291.00
+9.19%
25.66%NT$360.00NT$130.00n/a11
Nov ’26NT$290.50
NT$249.45
-14.13%
34.99%NT$360.00NT$115.00n/a11
Oct ’26NT$228.00
NT$193.67
-15.06%
36.92%NT$340.00NT$75.00n/a12
Sep ’26NT$201.00
NT$171.75
-14.55%
35.74%NT$280.00NT$75.00n/a12
Aug ’26NT$176.00
NT$117.08
-33.48%
32.05%NT$199.00NT$75.00NT$920.0012
Jul ’26NT$111.50
NT$107.50
-3.59%
27.70%NT$160.00NT$73.00NT$1,175.0012
Jun ’26NT$105.00
NT$107.50
+2.38%
27.70%NT$160.00NT$73.00NT$905.0012
May ’26NT$98.80
NT$112.42
+13.78%
30.30%NT$180.00NT$73.00NT$1,005.0012
Apr ’26NT$103.50
NT$128.18
+23.85%
26.68%NT$180.00NT$83.00NT$574.0011
Mar ’26NT$136.00
NT$130.91
-3.74%
24.91%NT$180.00NT$83.00NT$555.0011
Feb ’26n/a
NT$121.90
0%
23.03%NT$180.00NT$85.00NT$388.5010
Jan ’26NT$130.50
NT$130.00
-0.38%
28.86%NT$205.00NT$85.00NT$241.0010
Dec ’25NT$116.50
NT$135.10
+15.97%
25.82%NT$205.00NT$93.00NT$266.5010
Nov ’25NT$131.50
NT$146.60
+11.48%
20.29%NT$205.00NT$100.00NT$290.5010
Oct ’25NT$141.00
NT$161.50
+14.54%
21.36%NT$205.00NT$110.00NT$228.0010
Sep ’25NT$147.00
NT$167.10
+13.67%
19.46%NT$205.00NT$112.00NT$201.0010
Aug ’25NT$169.50
NT$193.60
+14.22%
23.78%NT$315.00NT$135.00NT$176.0010
NT$1.62k
Fair Value
23.3% undervalued intrinsic discount
12
Number of Analysts

Analyst Forecast: Target price is more than 20% higher than the current share price, but analysts are not within a statistically confident range of agreement.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/08/18 23:49
End of Day Share Price 2026/08/18 00:00
Earnings2026/06/30
Annual Earnings2025/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Nan Ya Printed Circuit Board Corporation is covered by 22 analysts. 11 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Andrew LuBarclays
Mike YangBofA Global Research
Ken ChiangCathay Securities Corporation