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MediaTek Inc (2454) Fair Value & Analysis

Technology · TW · Market cap 5.9T TWD

MI MediaTek Inc 2454 · TW
Price3,900 TWD
Fair Value1,163 TWD
Upside-70.2%
Quality74/100
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Healthy Growth
Solidly profitable · 16.9% net margin
Low debt · generates free cash flow
1.46% dividend yield
Mixed vs. peers (8/15)
Wide moat 69/100
Evidence: High Range 905.61 TWD – 1,420 TWD Share as image

Fair value as of: Jul 15, 2026

From 26 valuation models · updated 23 days ago

Share price −2.4% over the past month.

A solid business, but screening 70% overvalued on our models.

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 (1,420 TWD). The favourable scenario is already priced in.
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Price vs Fair Value (5 years)

4,612 TWD 437.85 TWD Fair Value 1,163 TWD Mar 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 15, 2026.

How to read this chart

60‑month range 437.85 TWD – 4,612 TWD · fair‑value band 905.61 TWD – 1,420 TWD · the 3,900 TWD price screens above the 1,163 TWD fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 15, 2026.

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Analysis

MediaTek Inc (2454) currently trades at 3,900 TWD, while our model-based Fair Value estimate is 1,163 TWD, implying the stock looks roughly 70.2% overvalued today. We read business quality at 74/100 (solid quality), in the Technology sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: high).

Over the trailing twelve months, MediaTek Inc generated revenue of 592B TWD at a net margin of 16.9%. Revenue declined 2.7% year over year. It earns a return on equity of 25.4%. The balance sheet holds a net cash position of 213B TWD. Fundamentals as of Jul 15, 2026

Our scenario range runs from 905.61 TWD (bear case) to 1,420 TWD (bull case); at 3,900 TWD, the current price sits above 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 and 252% above its 52-week low, currently above its 200-day average. For context, the median of 10 Technology peers we cover trades at -54% fair-value upside, at -70%, 2454 screens richer 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 BearBaseBull Evidence
Highest evidence
Growth DCF 1,401 TWD 2,488 TWD 4,499 TWD 80
Residual Income 409.04 TWD 485.03 TWD 1,451 TWD 76
Rev-Margin DCF 941.88 TWD 1,476 TWD 2,186 TWD 74
All 26 models by family
DCF Models
FCF DCF 1,416 TWD 2,608 TWD 4,858 TWD 38
Owner Earnings 1,149 TWD 2,092 TWD 3,870 TWD 31
5Y Revenue Exit 941.88 TWD 1,483 TWD 2,214 TWD 39
5Y EBITDA Exit 1,034 TWD 1,677 TWD 2,488 TWD 41
5Y P/E Exit 1,176 TWD 1,980 TWD 2,913 TWD 38
10Y Revenue Exit 1,062 TWD 1,645 TWD 2,538 TWD 36
10Y EBITDA Exit 1,147 TWD 1,792 TWD 2,779 TWD 37
10Y P/E Exit 1,244 TWD 2,022 TWD 3,153 TWD 35
Earnings-Based
Graham-Dodd 448.70 TWD 2,274 TWD 3,140 TWD 54
Lynch FV 617.55 TWD 882.22 TWD 1,147 TWD 50
PEG = 1.0 617.55 TWD 882.22 TWD 1,147 TWD 46
EPV 678.04 TWD 771.69 TWD 854.93 TWD 59
Dividend Discount
Gordon GGM 518.70 TWD 1,132 TWD 1,905 TWD 70
DDM Multi-Stage 518.70 TWD 927.63 TWD 1,180 TWD 61
Multiples
P/E Multiple 989.77 TWD 1,320 TWD 1,650 TWD 63
P/S Multiple 700.10 TWD 933.47 TWD 1,167 TWD 58
P/B Multiple 564.72 TWD 752.96 TWD 941.20 TWD 55
EV/EBIT 1,023 TWD 1,314 TWD 1,606 TWD 53
EV/EBITDA 919.29 TWD 1,177 TWD 1,434 TWD 54
EV/Revenue 737.30 TWD 990.12 TWD 1,243 TWD 43
Asset-Based
NCAV (Graham) 125.49 TWD 168.16 TWD 250.99 TWD 50
Growth DCF
Growth DCF 1,401 TWD 2,488 TWD 4,499 TWD 80
Rev-Margin DCF 941.88 TWD 1,476 TWD 2,186 TWD 74
Economic Profit
Residual Income 409.04 TWD 485.03 TWD 1,451 TWD 76
ROIC Compounder 733.78 TWD 908.23 TWD 1,118 TWD 72
Growth Earnings
Growth-Adj P/E 912.96 TWD 1,304 TWD 1,696 TWD 68

Widest divergence: DCF Models (1,792 TWD) versus Asset-Based (168.16 TWD). Highest evidence: Growth DCF (80).

Key figures & financial health

Revenue (TTM) 592B TWD
Revenue growth (YoY) -2.7%
Net margin 16.9%
Return on equity 25.4%
Free cash flow 143B TWD FY2025
P/E ratio 64.9
More key figures
Operating margin 15.4%
EPS (TTM) 66.22 TWD
Dividend yield 1.2%
EPS growth (YoY) -17.7%
Net cash 213B TWD FY2025

Figures from reported company fundamentals · as of Jul 15, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 74/100

Of which business quality 79 · Market factors (momentum, volatility) 67

Profitability 73
Margins and returns on capital today
Quality Growth 39
Are margins and returns improving?
Cashflow 87
Earnings quality: real cash, not paper profit
Fin. Strength 96
Balance sheet, leverage, solvency risk
Investment 88
Disciplined investing over empire-building
Low Volatility 1
Calm price path (market factor)
Momentum 99
Price trend over the last 3–12 months (market factor)
52W Momentum 87
Distance to the 52-week high (market factor)
Net Issuance 81
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

MediaTek Inc. engages in the research, development, production, manufacture, and marketing of multimedia integrated circuits (ICs) in Taiwan, rest of Asia, and internationally. The company offers multimedia, computer peripherals oriented, consumer-oriented, and other ICs for various applications.

Full company description

MediaTek Inc. engages in the research, development, production, manufacture, and marketing of multimedia integrated circuits (ICs) in Taiwan, rest of Asia, and internationally. The company offers multimedia, computer peripherals oriented, consumer-oriented, and other ICs for various applications. It also offers design, test runs, maintenance and repair, and technological consultation services for software and hardware solutions; and sale and delegation patents and circuit layout rights for its ICs products. In addition, the company provides research, marketing, and technical services; intellectual property right management services; and general investing services. The company was incorporated in 1997 and is headquartered in Hsinchu City, Taiwan.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

MediaTek Inc reported revenue of 596B TWD in FY2025 versus 493B TWD in FY2021, a compound +4.8%/yr. Reported net income was 105B TWD in FY2025, compounding −1.4%/yr from FY2021.

Growth Quality 98/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Latest Revenue (FY 2025)
596B TWD
Latest YoY
+12.3%
Avg. growth/yr (3Y)
+2.8%
Avg. growth/yr (5Y)
+13.1%
Avg. growth/yr (24Y)
+16.5%
Revenue +4.8%/yr
FY21 493B TWD
FY22 549B TWD
FY23 433B TWD
FY24 531B TWD
FY25 596B TWD
Net income −1.4%/yr
FY21 111B TWD
FY22 118B TWD
FY23 77.0B TWD
FY24 106B TWD
FY25 105B TWD

2454 screens 70% overvalued. Compare with NVIDIA Corporation →

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Cite: Fair Value Calculator (2026). "MediaTek Inc Fair Value". https://www.fairvalue-calculator.com/stock/2454

Recent news

External third-party headlines (Yahoo Finance, Reuters and others), not an editorial selection.

Peer Group

Semiconductors · 319 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 74 · Top 25%
Fair Value upside −70% · Below median
Return on equity (TTM) 25% · Top 25%
Return on assets 8% · Top 25%
Net margin (TTM) 17% · Above median
Operating margin (TTM) 15% · Above median
Revenue growth -3% · Bottom 25%
Dividend yield (TTM) 1.5% · Above median

Valuation Multiples vs Semiconductors median · lower = cheaper

P/E (TTM) 56.2× · Pricier than median
P/B 14.76× · Pricier than 75% of peers
P/S (TTM) 9.99× · Pricier than 75% of peers
P/FCF 1.3× · Cheaper than median
EV/EBITDA 48.1× · Pricier than 75% of peers
PEG 1.86× · Pricier than median

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 0 · sector 0
FUTURE 0 · sector 60
PAST 100 · sector 24
HEALTH 100 · sector 97
DIVIDEND 29 · sector 22

VALUE 0: the price sits above our fair-value range.

Insider activity: 45/100

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 Semiconductors stocks, each showing price versus our Fair Value estimate (as of Jul 15, 2026).

Stock Price Fair Value vs Fair Value
NVIDIA Corporation NVDA $211.80 $96.91 -54%
Taiwan Semiconductor Manufacturing Company TSM $398.37 $207.49 -48%
Broadcom Inc 1AVGO €323.25 €121.25 -62%
Micron Technology, Inc ZMIC C$52.57 C$7.50 -86%
SK hynix Inc 000660 2,082,000 KRW 1,109,311 KRW -47%
Advanced Micro Devices, Inc 1AMD €464.70 €56.33 -88%
Intel Corporation INTC C$68.40 C$9.82 -86%
Texas Instruments Incorporated TXN $311.46 $59.75 -81%
SK Square Co 402340 1,212,000 KRW 868,000 KRW -28%
GigaDevice Semiconductor Inc 3986 HK$917.50 HK$540.01 -41%

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Frequently asked questions

Is MediaTek Inc (2454) overvalued or undervalued?
As of Jul 15, 2026, our model estimates a fair value of 1,163 TWD versus a price of 3,900 TWD, about −70% (overvalued).
What is the fair value of 2454?
Our model-based fair value for MediaTek Inc is 1,163 TWD (as of Jul 15, 2026), built from audited fundamentals. The current price is 3,900 TWD.
What is the quality score of 2454?
MediaTek Inc has a Quality Score of 74/100. It combines two groups: business quality (profitability, growth, cash flow, balance-sheet strength) and market factors (price momentum, distance to the 52-week high, volatility). Both subtotals are shown separately in the detail view.
What is the revenue of MediaTek Inc (2454)?
MediaTek Inc reported trailing-twelve-month revenue of about 592B TWD (latest available figure, as of Jul 15, 2026).
What is the net profit margin of 2454?
The net profit margin of MediaTek Inc is about 16.9%, meaning it keeps roughly 16.9% of revenue as net income. Based on the latest reported figures.
Does MediaTek Inc pay a dividend?
MediaTek Inc currently shows a dividend yield of about 1.21% relative to its recent price (as of Jul 15, 2026).

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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