The Discounted Cash Flow (DCF) valuation of I-Chiun Precision Industry Co Ltd (2486.TW) is 51.91 TWD. With the latest stock price at 78.10 TWD, the upside of I-Chiun Precision Industry Co Ltd based on DCF is -33.5%.
Based on the latest price of 78.10 TWD and our DCF valuation, I-Chiun Precision Industry Co Ltd (2486.TW) is a sell. Selling 2486.TW stocks now will result in a potential gain of 33.5%.
Range | Selected | |
WACC / Discount Rate | 6.1% - 10.6% | 8.3% |
Long-term Growth Rate | 3.0% - 5.0% | 4.0% |
Fair Price | 24.25 - 242.71 | 51.91 |
Upside | -68.9% - 210.8% | -33.5% |
(TWD in millions) | Projections | |||||
12-2024 | 12-2025 | 12-2026 | 12-2027 | 12-2028 | 12-2029 | |
Revenue | 5,492 | 5,965 | 6,230 | 6,680 | 6,911 | 7,333 |
% Growth | 8% | 9% | 4% | 7% | 3% | 6% |
Cost of goods sold | (4,722) | (4,872) | (4,833) | (4,924) | (4,839) | (4,878) |
% of Revenue | 86% | 82% | 78% | 74% | 70% | 67% |
Selling, G&A expenses | (634) | (689) | (719) | (771) | (798) | (847) |
% of Revenue | 12% | 12% | 12% | 12% | 12% | 12% |
Research & Development | (160) | (173) | (181) | (194) | (201) | (213) |
% of Revenue | 3% | 3% | 3% | 3% | 3% | 3% |
Net interest & other expenses | 89 | 97 | 101 | 108 | 112 | 119 |
% of Revenue | 2% | 2% | 2% | 2% | 2% | 2% |
Tax expense | (36) | (65) | (118) | (178) | (235) | (300) |
Tax rate | 55% | 20% | 20% | 20% | 20% | 20% |
Net profit | 30 | 263 | 479 | 721 | 950 | 1,214 |
% Margin | 1% | 4% | 8% | 11% | 14% | 17% |