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%.
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 Rate | 5.9% - 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% |
(TWD in millions) | Projections | |||||
12-2024 | 12-2025 | 12-2026 | 12-2027 | 12-2028 | 12-2029 | |
Revenue | 34,132 | 39,654 | 56,046 | 69,583 | 81,159 | 94,658 |
% Growth | 14% | 16% | 41% | 24% | 17% | 17% |
Cost of goods sold | (34,552) | (38,135) | (51,205) | (60,394) | (66,919) | (74,147) |
% of Revenue | 101% | 96% | 91% | 87% | 82% | 78% |
Selling, G&A expenses | (2,449) | (2,845) | (4,021) | (4,993) | (5,823) | (6,792) |
% of Revenue | 7% | 7% | 7% | 7% | 7% | 7% |
Research & Development | (7,685) | (8,928) | (12,619) | (15,667) | (18,274) | (21,313) |
% of Revenue | 23% | 23% | 23% | 23% | 23% | 23% |
Net interest & other expenses | 3,998 | 4,644 | 6,564 | 8,150 | 9,505 | 11,086 |
% of Revenue | 12% | 12% | 12% | 12% | 12% | 12% |
Tax expense | 1,474 | 994 | 927 | 588 | 62 | (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% |