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Niko Semiconductor Co (3317) Fair Value & Analysis

Technology · TW · Market cap 7.1B TWD

NS Niko Semiconductor Co 3317 · TWO
Price68.90 TWD
Fair Value33.20 TWD
Upside-51.8%
Quality62/100
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Weak Growth
Thin margins · 5.9% net margin
generates free cash flow
0.62% dividend yield
Ranks above peers (9/13)
Narrow moat 41/100
Evidence: High Range 24.90 TWD – 41.50 TWD Share as image

Fair value as of: Jul 23, 2026

From 24 valuation models · updated 18 days ago

Share price −28.7% over the past month.

A solid business, but screening 52% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (41.50 TWD). The favourable scenario is already priced in.
  • Solid but not exceptional quality (62/100) and above fair value, neither a clear bargain nor a standout compounder.
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Price vs Fair Value (5 years)

105.50 TWD 32.85 TWD Fair Value 33.20 TWD Mar 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 23, 2026.

How to read this chart

60‑month range 32.85 TWD – 105.50 TWD · fair‑value band 24.90 TWD – 41.50 TWD · the 68.90 TWD price screens above the 33.20 TWD fair value. Dashed = 300-day average. As of Jul 23, 2026.

Full chart & analysis →

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Analysis

Niko Semiconductor Co (3317) currently trades at 68.90 TWD, while our model-based Fair Value estimate is 33.20 TWD, implying the stock looks roughly 51.8% overvalued today. The Quality Score stands at 62/100 (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, Niko Semiconductor Co generated revenue of 2.8B TWD at a net margin of 5.9%. Revenue grew 12.5% year over year. It earns a return on equity of 5.2%. The balance sheet holds a net cash position of 1.4B TWD. Fundamentals as of Jul 23, 2026

Our scenario range runs from 24.90 TWD (bear case) to 41.50 TWD (bull case); at 68.90 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 21% below its 52-week high and 70% above its 52-week low, currently above its 200-day average. For context, the median of 10 Technology peers we cover trades at -67% fair-value upside, at -52%, 3317 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
Residual Income 26.52 TWD 26.39 TWD 24.19 TWD 76
Growth DCF 54.40 TWD 65.54 TWD 84.50 TWD 72
Gordon GGM 3.16 TWD 3.45 TWD 3.88 TWD 70
All 24 models by family
DCF Models
FCF DCF 53.07 TWD 64.60 TWD 85.92 TWD 38
Owner Earnings 37.10 TWD 43.02 TWD 53.97 TWD 31
5Y Revenue Exit 51.45 TWD 65.37 TWD 85.84 TWD 39
5Y EBITDA Exit 54.27 TWD 70.20 TWD 91.58 TWD 41
5Y P/E Exit 46.16 TWD 56.26 TWD 68.56 TWD 38
10Y Revenue Exit 51.02 TWD 61.83 TWD 73.61 TWD 36
10Y EBITDA Exit 53.53 TWD 64.82 TWD 77.01 TWD 37
10Y P/E Exit 48.70 TWD 56.21 TWD 63.38 TWD 35
Earnings-Based
Graham-Dodd 11.29 TWD 15.32 TWD 17.75 TWD 54
EPV 45.44 TWD 49.41 TWD 52.85 TWD 59
Dividend Discount
Gordon GGM 3.16 TWD 3.45 TWD 3.88 TWD 70
DDM Multi-Stage 3.16 TWD 3.99 TWD 5.06 TWD 61
Multiples
P/E Multiple 24.90 TWD 33.20 TWD 41.50 TWD 63
P/S Multiple 21.17 TWD 28.22 TWD 35.28 TWD 58
P/B Multiple 21.17 TWD 28.22 TWD 35.28 TWD 55
EV/EBIT 68.89 TWD 85.10 TWD 101.32 TWD 53
EV/EBITDA 60.81 TWD 74.33 TWD 87.85 TWD 54
EV/Revenue 53.03 TWD 67.09 TWD 81.14 TWD 43
Asset-Based
NCAV (Graham) 17.77 TWD 23.81 TWD 35.54 TWD 50
Growth DCF
Growth DCF 54.40 TWD 65.54 TWD 84.50 TWD 72
Rev-Margin DCF 51.45 TWD 66.15 TWD 84.41 TWD 67
Economic Profit
Residual Income 26.52 TWD 26.39 TWD 24.19 TWD 76
ROIC Compounder 45.55 TWD 50.45 TWD 55.55 TWD 67
Growth Earnings
Growth-Adj P/E 17.62 TWD 25.17 TWD 32.72 TWD 68

Widest divergence: Growth DCF (65.54 TWD) versus Dividend Discount (3.45 TWD). Highest evidence: Residual Income (76).

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Key figures & financial health

Revenue (TTM) 2.8B TWD
Revenue growth (YoY) +12.5%
Net margin 5.9%
Return on equity 5.2%
Free cash flow 316M TWD FY2025
P/E ratio 47.9
More key figures
Operating margin 13.0%
EPS (TTM) 1.64 TWD
Dividend yield 0.7%
EPS growth (YoY) +25.8%
Net cash 1.4B TWD FY2023

Figures from reported company fundamentals · as of Jul 23, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 62/100

Of which business quality 64 · Market factors (momentum, volatility) 65

Profitability 36
Margins and returns on capital today
Quality Growth 41
Are margins and returns improving?
Cashflow 74
Earnings quality: real cash, not paper profit
Fin. Strength 100
Balance sheet, leverage, solvency risk
Investment 82
Disciplined investing over empire-building
Low Volatility 25
Calm price path (market factor)
Momentum 88
Price trend over the last 3–12 months (market factor)
52W Momentum 71
Distance to the 52-week high (market factor)
Net Issuance 44
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

Niko Semiconductor Co., Ltd. engages in the research, design, development, and sale of analog IC products in Taiwan, China, and internationally. It offers Power MOSFET, linear regulator, and switching regulator and control ICs.

Full company description

Niko Semiconductor Co., Ltd. engages in the research, design, development, and sale of analog IC products in Taiwan, China, and internationally. It offers Power MOSFET, linear regulator, and switching regulator and control ICs. The company develops, manufactures, and sells metal oxide semiconductors; provides quality control and testing services; and sells self-produced products, as well as integrated circuit design services. Its products are used in main-boards, VGA cards, LCD TVs and monitors, power adapters, laptop computers, telecom and network equipment, etc. The company was formerly known as Super Gem and changed its name to Niko Semiconductor Co., Ltd. in April 2001. The company was incorporated in 1998 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

Niko Semiconductor Co reported revenue of 2.7B TWD in FY2025 versus 2.9B TWD in FY2021, a compound −1.4%/yr. Reported net income was 149M TWD in FY2025, compounding −19.4%/yr from FY2021.

Growth Quality 40/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
2.7B TWD
Latest YoY
+9.6%
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.
+1.2%
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.
+1.8%
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.
−0.6%
Revenue −1.4%/yr
FY21 2.9B TWD
FY22 2.6B TWD
FY23 2.5B TWD
FY24 2.5B TWD
FY25 2.7B TWD
Net income −19.4%/yr
FY21 354M TWD
FY22 433M TWD
FY23 210M TWD
FY24 201M TWD
FY25 149M TWD
Character of growth · EPS growth decomposed (2013-2023) +35.7 % p.a.
Revenue per share −1.0 pp

of which total revenue +1.0 pp · buybacks/dilution −2.0 pp

EBIT margin +31.0 pp
Tax rate +1.8 pp
Residual (interest, one-offs) +4.0 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).

3317 screens 52% overvalued. Compare with NVIDIA Corporation →

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Cite: Fair Value Calculator (2026). "Niko Semiconductor Co Fair Value". https://www.fairvalue-calculator.com/stock/3317

Peer Group

Semiconductors · 318 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 62 · Above median
Fair Value upside −52% · Above median
Return on equity (TTM) 5% · Below median
Return on assets 6% · Above median
Net margin (TTM) 6% · Below median
Operating margin (TTM) 13% · Above median
Revenue growth 13% · Above median
Dividend yield (TTM) 0.6% · Below median

Valuation Multiples vs Semiconductors median · lower = cheaper

P/E (TTM) 48.1× · Pricier than median
P/B 2.22× · Cheaper than median
P/S (TTM) 2.55× · Cheaper than median
P/FCF 0.7× · Cheaper than median
EV/EBITDA 13.4× · Cheaper 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 63 · sector 60
PAST 21 · sector 25
HEALTH 0 · sector 97
DIVIDEND 12 · sector 22

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

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 23, 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 €367.75 €121.25 -67%
Micron Technology, Inc 1MU €784.90 €185.67 -76%
SK hynix Inc 000660 2,082,000 KRW 1,109,311 KRW -47%
Advanced Micro Devices, Inc 1AMD €425.20 €56.33 -87%
Intel Corporation INTC C$68.40 C$9.82 -86%
Texas Instruments Incorporated TXN $311.46 $59.75 -81%
MediaTek Inc 2454 3,740 TWD 1,163 TWD -69%
SK Square Co 402340 1,212,000 KRW 868,000 KRW -28%

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Frequently asked questions

Is Niko Semiconductor Co (3317) overvalued or undervalued?
As of Jul 23, 2026, our model estimates a fair value of 33.20 TWD versus a price of 68.90 TWD, about −52% (overvalued).
What is the fair value of 3317?
Our model-based fair value for Niko Semiconductor Co is 33.20 TWD (as of Jul 23, 2026), built from audited fundamentals. The current price is 68.90 TWD.
What is the quality score of 3317?
Niko Semiconductor Co has a Quality Score of 62/100. 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 Niko Semiconductor Co (3317)?
Niko Semiconductor Co reported trailing-twelve-month revenue of about 2.8B TWD (latest available figure, as of Jul 23, 2026).
What is the net profit margin of 3317?
The net profit margin of Niko Semiconductor Co is about 5.9%, meaning it keeps roughly 5.9% of revenue as net income. Based on the latest reported figures.
Does Niko Semiconductor Co pay a dividend?
Niko Semiconductor Co currently shows a dividend yield of about 0.66% relative to its recent price (as of Jul 23, 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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