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WNC Corporation (6285) Fair Value & Analysis

Technology · TW · Market cap 113B TWD

WC WNC Corporation 6285 · TW
Price233.00 TWD
Fair Value126.65 TWD
Upside-45.6%
Quality55/100
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Healthy Growth
Thin margins · 3.0% net margin
Low debt · generates free cash flow
1.67% dividend yield
Ranks above peers (9/15)
Narrow moat 39/100
Evidence: High Range 94.98 TWD – 158.31 TWD Share as image

Fair value as of: Jul 17, 2026

From 26 valuation models · updated 23 days ago

Share price −7.4% over the past month.

A solid business, but screening 46% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (158.31 TWD). The favourable scenario is already priced in.
  • Solid but not exceptional quality (55/100) and above fair value, neither a clear bargain nor a standout compounder.
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Price vs Fair Value (5 years)

319.00 TWD 54.86 TWD Fair Value 126.65 TWD Mar 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 17, 2026.

How to read this chart

60‑month range 54.86 TWD – 319.00 TWD · fair‑value band 94.98 TWD – 158.31 TWD · the 233.00 TWD price screens above the 126.65 TWD fair value. Dashed = 300-day average. As of Jul 17, 2026.

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Analysis

WNC Corporation (6285) currently trades at 233.00 TWD, while our model-based Fair Value estimate is 126.65 TWD, implying the stock looks roughly 45.6% overvalued today. The Quality Score stands at 55/100 (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, WNC Corporation generated revenue of 111B TWD at a net margin of 3.0%. Revenue grew 2.8% year over year. It earns a return on equity of 9.7%. The balance sheet holds a net cash position of 878M TWD. Fundamentals as of Jul 17, 2026

Our scenario range runs from 94.98 TWD (bear case) to 158.31 TWD (bull case); at 233.00 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 31% below its 52-week high and 143% above its 52-week low, currently above its 200-day average. For context, the median of 10 Technology peers we cover trades at -61% fair-value upside, at -46%, 6285 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 BearBaseBull Evidence
Highest evidence
Growth DCF 170.70 TWD 267.67 TWD 426.00 TWD 80
Residual Income 61.09 TWD 66.61 TWD 83.80 TWD 76
Rev-Margin DCF 120.34 TWD 173.94 TWD 240.64 TWD 74
All 26 models by family
DCF Models
FCF DCF 170.37 TWD 272.18 TWD 440.65 TWD 38
Owner Earnings 108.19 TWD 165.99 TWD 261.65 TWD 31
5Y Revenue Exit 120.34 TWD 173.56 TWD 242.30 TWD 39
5Y EBITDA Exit 157.18 TWD 246.74 TWD 355.32 TWD 41
5Y P/E Exit 131.91 TWD 196.54 TWD 267.13 TWD 38
10Y Revenue Exit 134.08 TWD 189.03 TWD 266.15 TWD 36
10Y EBITDA Exit 160.46 TWD 241.54 TWD 357.44 TWD 37
10Y P/E Exit 143.96 TWD 205.52 TWD 286.20 TWD 35
Earnings-Based
Graham-Dodd 43.06 TWD 174.23 TWD 237.05 TWD 54
Lynch FV 43.53 TWD 62.18 TWD 80.84 TWD 50
PEG = 1.0 43.53 TWD 62.18 TWD 80.84 TWD 46
EPV 85.11 TWD 94.89 TWD 103.44 TWD 59
Dividend Discount
Gordon GGM 44.12 TWD 91.73 TWD 145.52 TWD 70
DDM Multi-Stage 44.12 TWD 77.35 TWD 96.27 TWD 61
Multiples
P/E Multiple 94.98 TWD 126.65 TWD 158.31 TWD 63
P/S Multiple 80.74 TWD 107.65 TWD 134.56 TWD 58
P/B Multiple 80.74 TWD 107.65 TWD 134.56 TWD 55
EV/EBIT 131.67 TWD 166.73 TWD 201.79 TWD 53
EV/EBITDA 163.02 TWD 208.53 TWD 254.04 TWD 54
EV/Revenue 97.39 TWD 127.77 TWD 158.16 TWD 43
Asset-Based
NCAV (Graham) 35.45 TWD 47.50 TWD 70.89 TWD 50
Growth DCF
Growth DCF 170.70 TWD 267.67 TWD 426.00 TWD 80
Rev-Margin DCF 120.34 TWD 173.94 TWD 240.64 TWD 74
Economic Profit
Residual Income 61.09 TWD 66.61 TWD 83.80 TWD 76
ROIC Compounder 90.05 TWD 111.46 TWD 140.32 TWD 72
Growth Earnings
Growth-Adj P/E 73.77 TWD 105.38 TWD 136.99 TWD 68

Widest divergence: DCF Models (196.54 TWD) versus Asset-Based (47.50 TWD). Highest evidence: Growth DCF (80).

Key figures & financial health

Revenue (TTM) 111B TWD
Revenue growth (YoY) +2.8%
Net margin 3.0%
Return on equity 9.7%
Free cash flow 5.7B TWD FY2025
P/E ratio 37.4
More key figures
Operating margin 4.7%
EPS (TTM) 6.27 TWD
Dividend yield 1.7%
EPS growth (YoY) +23.3%
Net cash 878M TWD FY2025

Figures from reported company fundamentals · as of Jul 17, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 55/100

Of which business quality 57 · Market factors (momentum, volatility) 65

Profitability 47
Margins and returns on capital today
Quality Growth 42
Are margins and returns improving?
Cashflow 56
Earnings quality: real cash, not paper profit
Fin. Strength 70
Balance sheet, leverage, solvency risk
Investment 60
Disciplined investing over empire-building
Low Volatility 25
Calm price path (market factor)
Momentum 85
Price trend over the last 3–12 months (market factor)
52W Momentum 79
Distance to the 52-week high (market factor)
Net Issuance 70
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

WNC Corporation, together with its subsidiaries, engages in the research, development, manufacture, and sale of satellite, mobile, and portable communication equipment in the Americas, Asia, Europe, and internationally.

Full company description

WNC Corporation, together with its subsidiaries, engages in the research, development, manufacture, and sale of satellite, mobile, and portable communication equipment in the Americas, Asia, Europe, and internationally. The company offers wired and wireless communication equipment, networking equipment, electronic components, regulated telecommunication radio frequency equipment, medical devices, electric power generation equipment, transmission and distribution machinery, semi-finished products and peripherals of medical testing equipment, medical diagnostic equipment, smart mobile aids, medical consumables, medical information transmission systems, and information and communications technology products. It also provides software and hardware integration, information software, data processing, and electronic data supply application services, as well as repair and maintenance services for satellite and portable communication products; and real estate development, leasing, and related management services. In addition, the company offers antenna solutions for consumers; 5G/4G, WLAN, customized, NFC, UWB/Bluetooth, and mmWave modules; network access solutions comprising satellite TV, broadband access, enterprise networking, and network infrastructure products; and home control smart home solutions. Further, it provides industry solutions comprising smart energy, identification, and tracking solutions; and automotive solutions, including satellite radios, radar sensors, automotive cameras and cellular modules, infotainment products, and trackers. The company was formerly known as Wistron NeWeb Corporation and changed its name to WNC Corporation in May 2025. WNC Corporation was founded in 1996 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

WNC Corporation reported revenue of 110B TWD in FY2025 versus 67.2B TWD in FY2021, a compound +13.2%/yr. Reported net income was 3.1B TWD in FY2025, compounding +25.6%/yr from FY2021.

Growth Quality 81/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Latest Revenue (FY 2025)
110B TWD
Latest YoY
+0.0%
Avg. growth/yr (3Y)
+5.0%
Avg. growth/yr (5Y)
+12.0%
Avg. growth/yr (23Y)
+13.9%
Revenue +13.2%/yr
FY21 67.2B TWD
FY22 95.3B TWD
FY23 111B TWD
FY24 110B TWD
FY25 110B TWD
Net income +25.6%/yr
FY21 1.2B TWD
FY22 3.1B TWD
FY23 3.8B TWD
FY24 3.5B TWD
FY25 3.1B TWD

6285 screens 46% overvalued. Compare with Cisco Systems, Inc →

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Cite: Fair Value Calculator (2026). "WNC Corporation Fair Value". https://www.fairvalue-calculator.com/stock/6285

Peer Group

Communication Equipment · 290 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 55 · Above median
Fair Value upside −46% · Below median
Return on equity (TTM) 10% · Above median
Return on assets 3% · Above median
Net margin (TTM) 3% · Above median
Operating margin (TTM) 5% · Above median
Revenue growth 3% · Below median
Dividend yield (TTM) 1.7% · Above median
Debt / equity 0.04× · Higher than median

Valuation Multiples vs Communication Equipment median · lower = cheaper

P/E (TTM) 37.4× · Pricier than median
P/B 3.31× · Pricier than median
P/S (TTM) 1.02× · Cheaper than median
P/FCF 0.6× · Cheaper than 75% of peers
EV/EBITDA 14.4× · Cheaper than median
PEG 1.84× · 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 14 · sector 30
PAST 39 · sector 15
HEALTH 98 · sector 98
DIVIDEND 33 · sector 24

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

Insider activity: 40/100

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 Communication Equipment stocks, each showing price versus our Fair Value estimate (as of Jul 17, 2026).

Stock Price Fair Value vs Fair Value
Cisco Systems, Inc CSCO $119.25 $43.05 -64%
Zhongji Innolight Co 300308 ¥1,094 ¥171.09 -84%
Foxconn Industrial Internet Co 601138 ¥56.50 ¥28.65 -49%
Eoptolink Technology Inc 300502 ¥482.88 ¥155.05 -68%
Nokia Oyj NOK $11.25 $2.67 -76%
Motorola Solutions, Inc MSI $413.31 $190.43 -54%
Suzhou TFC Optical Communication Co 300394 ¥244.13 ¥32.04 -87%
Telefonaktiebolaget LM Ericsson (publ), ERIC $11.72 $15.96 +36%
Accton Technology Corporation 2345 2,090 TWD 846.28 TWD -60%
ZTE Corporation 000063 ¥40.00 ¥15.75 -61%

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Frequently asked questions

Is WNC Corporation (6285) overvalued or undervalued?
As of Jul 17, 2026, our model estimates a fair value of 126.65 TWD versus a price of 233.00 TWD, about −46% (overvalued).
What is the fair value of 6285?
Our model-based fair value for WNC Corporation is 126.65 TWD (as of Jul 17, 2026), built from audited fundamentals. The current price is 233.00 TWD.
What is the quality score of 6285?
WNC Corporation has a Quality Score of 55/100. 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 WNC Corporation (6285)?
WNC Corporation reported trailing-twelve-month revenue of about 111B TWD (latest available figure, as of Jul 17, 2026).
What is the net profit margin of 6285?
The net profit margin of WNC Corporation is about 3.0%, meaning it keeps roughly 3.0% of revenue as net income. Based on the latest reported figures.
Does WNC Corporation pay a dividend?
WNC Corporation currently shows a dividend yield of about 1.45% relative to its recent price (as of Jul 17, 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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