2408.TW
Nanya Technology Corp
Price:  
42.95 
TWD
Volume:  
134,889,620
Taiwan, Province of China | Semiconductors & Semiconductor Equipment

2408.TW DCF Valuation - Growth Exit 5Y

-566 %
Upside

What is the DCF valuation of 2408.TW?

The Discounted Cash Flow (DCF) valuation of Nanya Technology Corp (2408.TW) is (200.16) TWD. With the latest stock price at 42.95 TWD, the upside of Nanya Technology Corp based on DCF is -566%.

Is 2408.TW a buy or a sell?

Based on the latest price of 42.95 TWD and our DCF valuation, Nanya Technology Corp (2408.TW) is a sell. Selling 2408.TW stocks now will result in a potential gain of 566%.

Note: valuation result may not be accurate due to the company's negative earnings.

Range Selected
WACC / Discount Rate5.9% - 8.4%7.1%
Long-term Growth Rate 3.0% - 5.0%4.0%
Fair Price(676.83) - (118.09)(200.16)
Upside-1675.9% - -374.9%-566.0%
42.95 TWD
Stock Price
(200.16) TWD
Fair Price
REVENUE & EXPENSES
CAPEX
D&A
WORKING CAPITAL
TERMINAL VALUE

2408.TW DCF Valuation: Revenue & Expenses Forecast

(TWD in millions)Projections
12-202412-202512-202612-202712-202812-2029
Revenue34,13239,65456,04669,58381,15994,658
% Growth
14%16%41%24%17%17%
Cost of goods sold(34,552)(38,135)(51,205)(60,394)(66,919)(74,147)
% of Revenue101%96%91%87%82%78%
Selling, G&A expenses(2,449)(2,845)(4,021)(4,993)(5,823)(6,792)
% of Revenue7%7%7%7%7%7%
Research & Development(7,685)(8,928)(12,619)(15,667)(18,274)(21,313)
% of Revenue23%23%23%23%23%23%
Net interest & other expenses3,9984,6446,5648,1509,50511,086
% of Revenue12%12%12%12%12%12%
Tax expense1,47499492758862(619)
Tax rate-22%18%18%18%18%18%
Net profit(5,083)(4,617)(4,308)(2,733)(289)2,874
% Margin-15%-12%-8%-4%0%3%