The Discounted Cash Flow (DCF) valuation of Nichidenbo Corp (3090.TW) is 62.39 TWD. With the latest stock price at 72.30 TWD, the upside of Nichidenbo Corp based on DCF is -13.7%.

Is 3090.TW a buy or a sell?

Based on the latest price of 72.30 TWD and our DCF valuation, Nichidenbo Corp (3090.TW) is a sell. Selling 3090.TW stocks now will result in a potential gain of 13.7%.

	Range	Selected
WACC / Discount Rate	5.6% - 7.7%	6.6%
Long-term Growth Rate	1.0% - 3.0%	2.0%
Fair Price	43.89 - 109.88	62.39
Upside	-39.3% - 52.0%	-13.7%

72.30 TWD

Stock Price

62.39 TWD

Fair Price

REVENUE & EXPENSES

CAPEX

D&A

WORKING CAPITAL

TERMINAL VALUE

3090.TW DCF Valuation: Revenue & Expenses Forecast

(TWD in millions)		Projections

	12-2024	12-2025	12-2026	12-2027	12-2028	12-2029

Revenue	12,141	12,097	12,339	12,982	13,242	14,012
% Growth	14%	0%	2%	5%	2%	6%

Cost of goods sold	(10,194)	(10,157)	(10,360)	(10,900)	(11,118)	(11,764)
% of Revenue	84%	84%	84%	84%	84%	84%

Selling, G&A expenses	(832)	(829)	(846)	(890)	(908)	(961)
% of Revenue	7%	7%	7%	7%	7%	7%

Research & Development	0	0	0	0	0	0
% of Revenue	0%	0%	0%	0%	0%	0%

Net interest & other expenses	103	103	105	110	113	119
% of Revenue	1%	1%	1%	1%	1%	1%

Tax expense	(253)	(273)	(279)	(293)	(299)	(317)
Tax rate	21%	23%	23%	23%	23%	23%

Net profit	965	940	959	1,009	1,029	1,089
% Margin	8%	8%	8%	8%	8%	8%