Nan Ya Printed Circuit Board Corporation

TWSE:8046 Stock Report

Market Cap: NT$122.8b

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

1/6

Valuation Score 1/6

  • Below Fair Value

  • Significantly Below Fair 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.

Below Fair Value: 8046 (NT$190) is trading above our estimate of fair value (NT$95.4)

Significantly Below Fair Value: 8046 is trading above our estimate of fair value.

Key Valuation Metric

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

Other financial metrics that can be useful for relative valuation.

8046 key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue3x
Enterprise Value/EBITDA13.4x
PEG Ratio0.7x

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 Average19.2x
3044 Tripod Technology
17.5x20.6%NT$118.3b
4958 Zhen Ding Technology Holding
18.3x26.9%NT$113.4b
2383 Elite Material
20.4x16.9%NT$142.8b
2313 Compeq Manufacturing
20.7x30.4%NT$86.4b
8046 Nan Ya Printed Circuit Board
36.8x49.7%NT$122.8b

Price-To-Earnings vs Peers: 8046 is expensive based on its Price-To-Earnings Ratio (36.8x) compared to the peer average (19.2x).

Price to Earnings Ratio vs Industry

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

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a21.0%
 n/an/an/a
No. of CompaniesPE048121620

Fetching data

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a21.0%
 n/an/an/a
No more companies

Price-To-Earnings vs Industry: 8046 is expensive based on its Price-To-Earnings Ratio (36.8x) compared to the TW Electronic industry average (24.5x).

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 Ratio36.8x
Fair PE Ratio41.6x

Price-To-Earnings vs Fair Ratio: 8046 is good value based on its Price-To-Earnings Ratio (36.8x) compared to the estimated Fair Price-To-Earnings Ratio (41.6x).

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$190.00
NT$196.30
+3.3%
26.9%NT$315.00NT$135.00n/a10
May ’25NT$187.00
NT$206.60
+10.5%
24.3%NT$315.00NT$145.00n/a10
Apr ’25NT$209.50
NT$208.10
-0.7%
23.2%NT$315.00NT$145.00n/a10
Mar ’25NT$210.50
NT$212.22
+0.8%
18.6%NT$275.00NT$145.00n/a9
Feb ’25NT$226.50
NT$235.22
+3.9%
19.6%NT$335.00NT$160.00n/a9
Jan ’25NT$251.50
NT$238.89
-5.0%
19.0%NT$335.00NT$168.00n/a9
Dec ’24NT$249.50
NT$255.91
+2.6%
19.5%NT$335.00NT$170.00n/a11
Nov ’24NT$240.00
NT$283.00
+17.9%
10.8%NT$335.00NT$225.00n/a11
Oct ’24NT$266.50
NT$284.00
+6.6%
10.4%NT$335.00NT$225.00n/a12
Sep ’24NT$243.00
NT$281.77
+16.0%
10.2%NT$335.00NT$225.00n/a13
Aug ’24NT$249.50
NT$288.54
+15.6%
11.1%NT$345.00NT$225.00n/a13
Jul ’24NT$264.00
NT$303.38
+14.9%
13.4%NT$368.00NT$225.00n/a13
Jun ’24NT$298.50
NT$298.00
-0.2%
17.9%NT$368.00NT$155.00n/a13
May ’24NT$274.50
NT$253.17
-7.8%
24.5%NT$316.00NT$120.00NT$187.0012
Apr ’24NT$283.00
NT$246.92
-12.8%
24.5%NT$330.00NT$120.00NT$209.5012
Mar ’24NT$240.50
NT$242.75
+0.9%
23.8%NT$330.00NT$130.00NT$210.5012
Feb ’24NT$255.50
NT$274.67
+7.5%
36.3%NT$505.00NT$130.00NT$226.5012
Jan ’24NT$227.00
NT$292.17
+28.7%
35.6%NT$505.00NT$130.00NT$251.5012
Dec ’23NT$286.50
NT$334.77
+16.8%
38.9%NT$640.00NT$130.00NT$249.5013
Nov ’23NT$208.50
NT$361.54
+73.4%
38.7%NT$640.00NT$130.00NT$240.0013
Oct ’23NT$189.00
NT$375.54
+98.7%
35.9%NT$640.00NT$130.00NT$266.5013
Sep ’23NT$244.50
NT$413.71
+69.2%
30.2%NT$640.00NT$210.00NT$243.0014
Aug ’23NT$243.50
NT$497.71
+104.4%
34.3%NT$833.00NT$270.00NT$249.5014
Jul ’23NT$244.00
NT$589.36
+141.5%
35.7%NT$1,150.00NT$280.00NT$264.0014
Jun ’23NT$371.00
NT$659.31
+77.7%
30.7%NT$1,150.00NT$410.00NT$298.5013
May ’23NT$404.00
NT$673.77
+66.8%
26.9%NT$1,150.00NT$410.00NT$274.5013

Analyst Forecast: Target price is less than 20% higher than the current share price.

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