Nanya Technology Corp (2408) fair value: what the stock is really worth
We calculate from audited financials what Nanya Technology Corp is really worth. The fair value tells you whether the price is too high or too low, the quality score (0 to 100) how solid the business behind it is. 26 models, 37 quality factors, updated daily, free.
Compare price with fair valuebelow fair value = cheap, above = expensive
Check the quality50 and up solid, 75 and up strong
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A solid business, but trading 911% above our fair value of 51.73 TWD.
As of Aug 13, 2026, the fair value of Nanya Technology Corp is 51.73 TWD per share against a price of 523.00 TWD, so the fair value sits 90% below the price. A model estimate from reported figures, not an analyst target.
!Weak Growth (revenue 5y +1.8 %/yr)
✓Highly profitable · 49.3% net margin
✓Low debt · generates free cash flow
✓Ranks above peers (9/13)
✓Wide moat 79/100
!Evidence only low, so the estimate is less certain
Evidence: LowRange 39.03 TWD to 61.88 TWD
Fair value as of: Aug 13, 2026
From 26 valuation models · updated 26 days ago
Fair value updated Aug 13, 2026, revised from 41.58 TWD to 51.73 TWD (+24.4%) since Jul 18, 2026. Share price +4.2% over the past month.
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What matters now
A high-quality business (quality 74/100), yet the market already pays well above fair value. Quality at a full price, with little margin of safety.
The price sits above even our optimistic bull case (61.88 TWD). The favourable scenario is already priced in.
The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution.
Price vs Fair Value (5 years)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 13, 2026.
How to read this chart
60‑month range 25.40 TWD – 543.00 TWD · fair‑value band 39.03 TWD – 61.88 TWD · the 523.00 TWD price screens above the 51.73 TWD fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 13, 2026.
Nanya Technology Corp (2408) currently trades at 523.00 TWD, while our model-based Fair Value estimate is 51.73 TWD, implying the stock looks roughly 911.1% overvalued today. The Quality Score stands at 74/100 (solid quality), in the Technology sector. Bull case: the DCF Models group reads highest at a median of 67.94 TWD per share, and 0 of the 26 models we run sit above the 523.00 TWD price. Bear case: the Earnings-Based group reads lowest at 20.39 TWD, and 26 of the 26 models stay below the price. Evidence for this calculation is low.
Over the trailing twelve months, Nanya Technology Corp generated revenue of 108B TWD at a net margin of 31.9%. It earns a return on equity of 19.4%. The balance sheet holds a net cash position of 34.5B TWD. Fundamentals as of Aug 13, 2026
Scenario range: 39.03 TWD (bear) to 61.88 TWD (bull), the price of 523.00 TWD sits above it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target. The share trades near its 52-week high, currently above its 200-day average. For context, the median of 10 Technology peers we cover trades at −63% fair-value upside, at −90%, 2408 screens richer than that median.
Fair Value models
Based on fiscal year 2025 figures (about 8 months old). Earnings retained since then (1.44 TWD per share) are deliberately not added.
Each model values the company its own way; the fair value above is the evidence-weighted blend. Evidence (0 to 100) shows how complete a model's inputs are. How we calculate →
ModelBear ⓘ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
FCF DCF best evidence36.31 TWD52.69 TWD80.91 TWD80
Growth DCF36.46 TWD52.41 TWD80.07 TWD78
Residual Income41.89 TWD42.19 TWD39.09 TWD76
All 26 models by family
DCF Models
FCF DCF best evidence36.31 TWD52.69 TWD80.91 TWD80
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Key figures & financial health
P/E ratio250.2
P/S ratio24.8P/E × margin
EPS (TTM)2.09 TWDprice ÷ EPS = P/E 250.2
Net margin9.9%FY2025
Return on equity19.4%TTM
Return on assets (EBIT)1.9%avg 5y
More key figures
Profitability
Operating margin61.3%TTM
Growth
Revenue (TTM)108B TWDTTM
Revenue growth (YoY)+583%3y avg +5.3%
EPS growth (YoY)−64.9%
Balance sheet & cash flow
Free cash flow5.3B TWDFY2025
Net cash34.5B TWDFY2025
Figures from reported company fundamentals · as of Aug 13, 2026. TTM = trailing twelve months.
Quality Score breakdown
Overall quality74/100
Of which business quality 68
· Market factors (momentum, volatility) 70
Profitability27
Margins and returns on capital today
Quality Growth91
Are margins and returns improving?
Cashflow60
Earnings quality: real cash, not paper profit
Fin. Strength96
Balance sheet, leverage, solvency risk
Investment65
Disciplined investing over empire-building
Low Volatility0
Calm price path (market factor)
Momentum100
Price trend over the last 3–12 months (market factor)
52W Momentum100
Distance to the 52-week high (market factor)
Net Issuance83
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.
All values are scores from 0 to 100 (100 = best against fixed, research-based bands), not percentages. The three market factors (momentum, 52-week proximity, low volatility) are displayed but carry zero weight in the headline number: market sentiment is not a business property.
About the company
Nanya Technology Corporation research, develops, manufactures, and sells semiconductor products in Taiwan, Japan, Malaysia, China, the United States, Thailand, Germany, Singapore, Poland and internationally.
Full company description
Nanya Technology Corporation research, develops, manufactures, and sells semiconductor products in Taiwan, Japan, Malaysia, China, the United States, Thailand, Germany, Singapore, Poland and internationally. It offers standard dynamic random-access memory (DRAM), low power DRAM, MCP and eMCP, and KGD products, as well as modules; and other memory products and Elixir brands. The company engages in the import and export of its machinery, equipment, and raw materials. Its products have applications in home and entertainment, office and enterprise, mobile and portable, industrial, and automotive. Nanya Technology Corporation was incorporated in 1995 and is headquartered in New Taipei City, Taiwan.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
Nanya Technology Corp reported revenue of 66.6B TWD in FY2025 versus 85.6B TWD in FY2021, a compound −6.1%/yr. Reported net income was 6.6B TWD in FY2025, compounding −26.7%/yr from FY2021.
Growth Quality 40/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
66.6B TWD
Latest YoY
+95.1%
Avg. revenue 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.
+5.3%
Avg. revenue 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.
+1.8%
Avg. revenue growth/yr (25Y) ⓘ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.
+6.4%
Value creation/yr (5Y, in TWD) ⓘEarnings growth per share (CAGR 5 years) plus dividend yield: value created per share and year. Measured in TWD: this currency has depreciated against the euro and dollar over the long run, so part of the nominal rate is currency erosion that never reaches a EUR/USD investor.
−7.7%
Earnings growth per share plus dividend yield: the value created per share and year.
Earnings growth per share−7.7%
Dividend yield0.0%
Trend ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.5Y −7.7% vs 10Y −13.1%, picking up
Operating margin (EBIT) ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.14.8% (2020) → 7.9% (2025) · falling
Worst earnings drop256% (2008) (loss year, drop beyond 100%) · in TWD
⚠ Revenue per share shrinking 5.4%/yr over ~10Y (margins eroding too) ⓘStructural-decline marker: revenue PER SHARE has fallen over the last decade (robust median trend, not a single year). Backtested across 2005 to 2017, such businesses trailed the market by about 2.5 percentage points per year. Display only: it does not change the fair value or the quality score.
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
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.
Valuation
Quality Score74 · Top 25%
Fair Value upside−84% · Bottom 25%
Profitability
Return on equity (TTM)19% · Top 25%
Return on assets11% · Top 25%
Net margin (TTM)49% · Top 25%
Operating margin (TTM)74% · Top 25%
Growth and dividend
Revenue growth684% · Top 25%
Dividend yield (TTM)0.0% · Bottom 25%
Balance sheet
Debt / equity0.08× · Below median
Valuation Multiples vs Semiconductors median · lower = cheaper
P/E (TTM)250.2× · Priciest 25%
P/B7.19× · Priciest 25%
P/S (TTM)6.79× · Pricier than median
P/FCF7.3× · Pricier than median
EV/EBITDA10.2× · Cheapest 25%
What the price implies (reverse DCF)
The inverse question: what free-cash-flow growth must Nanya Technology Corp deliver for ten years so that today's price is fair in our DCF model? Same formula, same discount rate as the fair value.
Implied FCF growth, 10 years+49.9 % per year
Achieved revenue growth, 5 years+1.8 % p.a.
Sector median revenue growth+8.2 %
FCF yield on price0.33 %
Discount rate (WACC) in the models11.1 %
The price demands an acceleration versus past growth: a high bar the company still has to clear. Ranking of the largest stocks →
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.
This stockSector peers
VALUE0· sector 0
FUTURE100· sector 66
PAST78· sector 24
HEALTH96· sector 96
DIVIDEND0· sector 19
VALUE 0: the price sits above our fair-value range.
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
Similar stocks
10 more Semiconductors stocks, each showing price versus our Fair Value estimate (as of Aug 13, 2026).
Is Nanya Technology Corp (2408) overvalued or undervalued?
As of Aug 13, 2026, our model estimates a fair value of 51.73 TWD versus a price of 523.00 TWD, about −90% upside (overvalued).
What is the fair value of 2408?
Our model-based fair value for Nanya Technology Corp is 51.73 TWD (as of Aug 13, 2026), built from audited fundamentals. The current price: 523.00 TWD.
What is the quality score of 2408?
Nanya Technology Corp has a Quality Score of 74/100. 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 price target for Nanya Technology Corp (2408)?
Our model-based price target is the fair value of 51.73 TWD (as of Aug 13, 2026) from 26 valuation models. Cautious scenario 39.03 TWD, optimistic scenario 61.88 TWD. It is a calculation from audited fundamentals, not an analyst target.
What is the Nanya Technology Corp stock forecast for 2026?
Our models put fair value at 51.73 TWD, about −90% upside versus a price of 523.00 TWD (overvalued). Cautious scenario 39.03 TWD, optimistic scenario 61.88 TWD. The calculation is refreshed regularly with new filings.
What is the revenue of Nanya Technology Corp (2408)?
Nanya Technology Corp reported trailing-twelve-month revenue of about 108B TWD (latest available figure, as of Aug 13, 2026).
What is the net profit margin of 2408?
The net profit margin of Nanya Technology Corp is about 31.9%, meaning it keeps roughly 31.9% of revenue as net income. Based on the latest reported figures.
What growth is priced into Nanya Technology Corp (2408)?
For today's price to be fair in a discounted-cash-flow model, Nanya Technology Corp would have to grow free cash flow by +49.9 % per year for ten years (discount rate 11.1 %, then 2 % perpetual growth). Over the last 5 years revenue grew +1.8 % per year. As of Aug 13, 2026.
What discount rate (WACC) does the fair value of 2408 use?
Our models discount Nanya Technology Corp at 11.1 %: a base by market capitalisation (large), damped by beta 1.93. The same rate applies in all 26 models.
What is the intrinsic value of Nanya Technology Corp (2408)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Nanya Technology Corp it is 51.73 TWD per share (as of Aug 13, 2026), against a price of 523.00 TWD. It is the blended result of 26 valuation models (cash flow, earnings, asset, dividend).
Is Nanya Technology Corp stock overvalued or undervalued in 2026?
As of Aug 13, 2026, 2408 trades above its calculated fair value: price 523.00 TWD, fair value 51.73 TWD, a gap of about −90% (overvalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of 2408?
No. The price is what the market pays today (523.00 TWD); the fair value is what the company's own numbers justify (51.73 TWD). For Nanya Technology Corp the two are 471.27 TWD per share apart. That gap is exactly why we show both numbers side by side.
How much is Nanya Technology Corp worth?
The market values Nanya Technology Corp at about 1.2T TWD (market capitalisation, as of Aug 13, 2026). Per share that is 523.00 TWD; our models calculate a fair value of 51.73 TWD per share.
What do the bullish and bearish scenarios say about 2408?
Our models span a range for Nanya Technology Corp: cautious scenario 39.03 TWD, base 51.73 TWD, optimistic 61.88 TWD per share (as of Aug 13, 2026, price 523.00 TWD). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 2408?
Nanya Technology Corp trades at a price-to-earnings ratio of 250.2 (as of Aug 13, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 51.73 TWD is built from several models across several years. Other multiples: P/B 7.2, P/S 6.8, EV/EBITDA 10.2.
How solid is the balance sheet of Nanya Technology Corp (2408)?
Balance-sheet figures for Nanya Technology Corp (as of Aug 13, 2026): return on equity 19.4%, debt of 0.08 per unit of equity. They feed the Quality Score of 74/100, which measures business quality independently of the share price.
How far is 2408 from its 52-week high?
Nanya Technology Corp trades at 523.00 TWD, about 21% below its 52-week high of 430.50 TWD and 1,201% above the low of 40.20 TWD (as of Aug 13, 2026). Distance from the high says nothing about value: that is what the fair value of 51.73 TWD is for.
Which stocks are comparable to Nanya Technology Corp?
From the same area (Technology) we also value NVIDIA Corporation, Taiwan Semiconductor Manufacturing Company, Broadcom Inc, SK hynix Inc, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Nanya Technology Corp stock attractive at the current price?
The data as of Aug 13, 2026: price 523.00 TWD, calculated fair value 51.73 TWD (−90%), Quality Score 74/100, from 26 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of 2408 calculated?
We run Nanya Technology Corp through 26 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of 51.73 TWD, with the spread shown as a cautious and an optimistic scenario.
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