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Nang Kuang Pharmaceutical Co (1752) Fair Value & Analysis

Healthcare · TW · Market cap 3.2B TWD

NK Nang Kuang Pharmaceutical Co 1752 · TW
Price31.90 TWD
Fair Value44.52 TWD
Upside+39.6%
Quality63/100
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Mixed Growth
Thin margins · 9.7% net margin
Low debt · generates free cash flow
Ranks above peers (12/14)
Moderate moat 48/100
Evidence: High Range 28.52 TWD – 59.14 TWD Share as image

Fair value as of: Jul 21, 2026

From 25 valuation models · updated 21 days ago

Share price +0.3% over the past month.

A solid business, screening 40% undervalued on our models.

What matters now

  • Solid quality (63/100) at a price below fair value, the discount is the argument here, not the business quality.
  • A fairly wide model range (28.52 TWD to 59.14 TWD) leaves room in how you read the outcome.
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Price vs Fair Value (5 years)

3,837 TWD 26.97 TWD Fair Value 44.52 TWD Mar 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 21, 2026.

How to read this chart

60‑month range 26.97 TWD – 3,837 TWD · fair‑value band 28.52 TWD – 59.14 TWD · the 31.90 TWD price screens below the 44.52 TWD fair value. Dashed = 300-day average. As of Jul 21, 2026.

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Analysis

Nang Kuang Pharmaceutical Co (1752) currently trades at 31.90 TWD, while our model-based Fair Value estimate is 44.52 TWD, implying the stock looks roughly 39.6% undervalued today. The Quality Score stands at 63/100 (solid quality), in the Healthcare sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: high), always confirm before acting.

Over the trailing twelve months, Nang Kuang Pharmaceutical Co generated revenue of 2.1B TWD at a net margin of 9.7%. Revenue declined 8.6% year over year. It earns a return on equity of 8.7%. Net debt stands at 310M TWD. Fundamentals as of Jul 21, 2026

Our scenario range runs from 28.52 TWD (bear case) to 59.14 TWD (bull case); at 31.90 TWD, the current price sits within that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 22% below its 52-week high, currently below its 200-day average. For context, the median of 10 Healthcare peers we cover trades at -43% fair-value upside, at 40%, 1752 screens cheaper than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Model Bear Bear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull Bull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. Evidence
Highest evidence
Growth DCF 20.70 TWD 28.27 TWD 38.31 TWD 80
Residual Income 21.20 TWD 23.36 TWD 33.08 TWD 76
Rev-Margin DCF 24.28 TWD 37.66 TWD 52.24 TWD 74
All 25 models by family
DCF Models
FCF DCF 20.28 TWD 28.60 TWD 40.20 TWD 38
Owner Earnings 16.50 TWD 23.14 TWD 32.39 TWD 31
5Y Revenue Exit 24.28 TWD 37.59 TWD 54.22 TWD 39
5Y EBITDA Exit 35.99 TWD 58.71 TWD 84.56 TWD 41
5Y P/E Exit 30.52 TWD 48.84 TWD 67.42 TWD 38
10Y Revenue Exit 21.81 TWD 33.28 TWD 47.91 TWD 36
10Y EBITDA Exit 29.75 TWD 47.34 TWD 69.80 TWD 37
10Y P/E Exit 26.39 TWD 40.77 TWD 57.43 TWD 35
Earnings-Based
Graham-Dodd 16.43 TWD 42.09 TWD 54.78 TWD 54
PEG = 1.0 7.88 TWD 11.26 TWD 14.63 TWD 46
EPV 23.94 TWD 27.48 TWD 30.52 TWD 59
Dividend Discount
Gordon GGM 7.03 TWD 13.21 TWD 21.20 TWD 70
DDM Multi-Stage 7.03 TWD 10.55 TWD 14.20 TWD 61
Multiples
P/E Multiple 39.86 TWD 53.14 TWD 66.43 TWD 63
P/S Multiple 30.80 TWD 41.07 TWD 51.33 TWD 58
P/B Multiple 30.80 TWD 41.07 TWD 51.33 TWD 55
EV/EBIT 38.91 TWD 51.35 TWD 63.79 TWD 53
EV/EBITDA 51.36 TWD 67.95 TWD 84.55 TWD 54
EV/Revenue 28.22 TWD 39.64 TWD 51.06 TWD 43
Asset-Based
NCAV (Graham) 12.30 TWD 16.48 TWD 24.60 TWD 50
Growth DCF
Growth DCF 20.70 TWD 28.27 TWD 38.31 TWD 80
Rev-Margin DCF 24.28 TWD 37.66 TWD 52.24 TWD 74
Economic Profit
Residual Income 21.20 TWD 23.36 TWD 33.08 TWD 76
ROIC Compounder 23.94 TWD 28.58 TWD 34.18 TWD 72
Growth Earnings
Growth-Adj P/E 30.83 TWD 44.04 TWD 57.26 TWD 68

Widest divergence: Growth Earnings (44.04 TWD) versus Dividend Discount (10.55 TWD). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) 2.1B TWD
Revenue growth (YoY) -8.6%
Net margin 9.7%
Return on equity 8.7%
Free cash flow 183M TWD FY2025
P/E ratio 13.6
More key figures
Operating margin 13.4%
EPS (TTM) 2.41 TWD
EPS growth (YoY) -54.6%
Net debt 310M TWD FY2025

Figures from reported company fundamentals · as of Jul 21, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 63/100

Of which business quality 62 · Market factors (momentum, volatility) 50

Profitability 43
Margins and returns on capital today
Quality Growth 44
Are margins and returns improving?
Cashflow 55
Earnings quality: real cash, not paper profit
Fin. Strength 80
Balance sheet, leverage, solvency risk
Investment 74
Disciplined investing over empire-building
Low Volatility 99
Calm price path (market factor)
Momentum 35
Price trend over the last 3–12 months (market factor)
52W Momentum 22
Distance to the 52-week high (market factor)
Net Issuance 85
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

About the company

Nang Kuang Pharmaceutical Co., Ltd. manufactures, processes, trades in, imports, and exports pharmaceuticals and medical devices in Taiwan, China, Japan, the United States, and internationally.

Full company description

Nang Kuang Pharmaceutical Co., Ltd. manufactures, processes, trades in, imports, and exports pharmaceuticals and medical devices in Taiwan, China, Japan, the United States, and internationally. The company offers ready to use injections, such as prefilled syringe injections and premixed IV infusions; anti-aging and preventive medicines; chemotherapy and oncology products; and non-PVC IV infusion. It also provides various products in the areas of cardiovascular, gastrointestinal, nervous, musculo-skeletal, and respiratory system, as well as in alimentary and metabolism, blood, antineoplastic and immunomodulatory, dermatological, genito-urinary and sex hormone, systemic hormone and antibacterial, cosmetics, and hospital solutions. In addition, the company is involved in trading of pharmaceuticals. Nang Kuang Pharmaceutical Co., Ltd. was founded in 1963 and is headquartered in Tainan City, Taiwan.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Nang Kuang Pharmaceutical Co reported revenue of 2.2B TWD in FY2025 versus 1.8B TWD in FY2021, a compound +5.0%/yr. Reported net income was 244M TWD in FY2025, compounding +5.6%/yr from FY2021.

Growth Quality 61/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
2.2B TWD
Latest YoY
−1.7%
Avg. growth/yr (3Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+3.7%
Avg. growth/yr (5Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+4.3%
Avg. growth/yr (16Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+7.6%
Revenue +5.0%/yr
FY21 1.8B TWD
FY22 1.9B TWD
FY23 2.2B TWD
FY24 2.2B TWD
FY25 2.2B TWD
Net income +5.6%/yr
FY21 196M TWD
FY22 352M TWD
FY23 198M TWD
FY24 243M TWD
FY25 244M TWD
Character of growth · EPS growth decomposed (2014-2025) +3.8 % p.a.
Revenue per share +4.6 pp

of which total revenue +4.6 pp · buybacks/dilution +0.0 pp

EBIT margin −0.5 pp
Tax rate +0.0 pp
Residual (interest, one-offs) −0.3 pp

Absolute contributions in percentage points per year; they sum to the EPS growth rate. Start and end points are 3-year averages (details on hover).

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Cite: Fair Value Calculator (2026). "Nang Kuang Pharmaceutical Co Fair Value". https://www.fairvalue-calculator.com/stock/1752

Peer Group

Medical Instruments & Supplies · 203 stocks

How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.

Quality Score 63 · Above median
Fair Value upside +40% · Top 25%
Return on equity (TTM) 9% · Above median
Return on assets 4% · Above median
Net margin (TTM) 10% · Above median
Operating margin (TTM) 13% · Above median
Revenue growth -9% · Bottom 25%
Dividend yield (TTM) 0.0% · Bottom 25%
Debt / equity 0.08× · Lower than median

Valuation Multiples vs Medical Instruments & Supplies median · lower = cheaper

P/E (TTM) 13.1× · Cheaper than 75% of peers
P/B 1.28× · Cheaper than median
P/S (TTM) 1.51× · Cheaper than median
P/FCF 0.5× · Cheaper than 75% of peers
EV/EBITDA 6.8× · Cheaper than 75% of peers

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUE 86 · sector 0
FUTURE 0 · sector 27
PAST 35 · sector 25
HEALTH 96 · sector 96
DIVIDEND 0 · sector 32

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Medical Instruments & Supplies stocks, each showing price versus our Fair Value estimate (as of Jul 21, 2026).

Stock Price Fair Value vs Fair Value
Intuitive Surgical, Inc ISRG $402.33 $150.04 -63%
EssilorLuxottica Société anonyme 1EL €172.45 €68.55 -60%
Medline Inc MDLN $41.11 $30.15 -27%
Becton, Dickinson and Company BDX $150.65 $103.53 -31%
Alcon Inc ALC $70.26 $39.78 -43%
ResMed Inc RMD $203.87 $187.89 -8%
West Pharmaceutical Services, Inc WST $353.71 $143.97 -59%
Straumann Holding STMN CHF 106.00 CHF 47.31 -55%
Sartorius Stedim Biotech S.A DIM €188.50 €51.16 -73%
Coloplast A/S COLOB kr 414.00 kr 382.22 -8%

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Frequently asked questions

Is Nang Kuang Pharmaceutical Co (1752) overvalued or undervalued?
As of Jul 21, 2026, our model estimates a fair value of 44.52 TWD versus a price of 31.90 TWD, about +40% (undervalued).
What is the fair value of 1752?
Our model-based fair value for Nang Kuang Pharmaceutical Co is 44.52 TWD (as of Jul 21, 2026), built from audited fundamentals. The current price is 31.90 TWD.
What is the quality score of 1752?
Nang Kuang Pharmaceutical Co has a Quality Score of 63/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the revenue of Nang Kuang Pharmaceutical Co (1752)?
Nang Kuang Pharmaceutical Co reported trailing-twelve-month revenue of about 2.1B TWD (latest available figure, as of Jul 21, 2026).
What is the net profit margin of 1752?
The net profit margin of Nang Kuang Pharmaceutical Co is about 9.7%, meaning it keeps roughly 9.7% of revenue as net income. Based on the latest reported figures.

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

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