Nan Ya Printed Circuit Board Corp (8046) fair value: what the stock is really worth
As of Sep 24, 2026: fair value of Nan Ya Printed Circuit Board Corp TWD 1,936, price TWD 1,240, upside +56.1%, quality 67 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
- Fair value above price? Yes
- Good quality? Yes
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Nan Ya Printed Circuit Board Corp
8046 · TWClearly undervaluedStrong Fair Value upside, but quality is only moderate.
What runs behind every stock
69 individual criteria per stock, every one traceable See the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 24, 2026.
How to read this chart
60‑month range 76.60 TWD – 1,415 TWD · fair‑value band 1,302 TWD – 2,685 TWD · the 1,240 TWD price screens below the 1,936 TWD fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). 1 fiscal year is left out: there the valuation rested on only a fraction of the usual models. Dashed = 300-day average. As of Sep 24, 2026.
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Company profile
Nan Ya Printed Circuit Board Corporation manufactures and sells printed circuit boards (PCBs) in Taiwan, the United States, Mainland China, Korea, and internationally.
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Nan Ya Printed Circuit Board Corporation manufactures and sells printed circuit boards (PCBs) in Taiwan, the United States, Mainland China, Korea, and internationally. It offers conventional PCBs that are used in the motherboards of desktops and notebooks, and home electrical appliances; high density connector boards that are used in smartphones, game consoles, navigation systems, GPS, PDAs, automobile appliances, and MP3 players; and soft and hard composite boards used in high-end handheld devices and notebook computers. The company also provides flip chip substrates comprising pin/land grid arrays for microprocessors; and ball grid arrays for graphic chips, northbridge chipsets, high-end ASIC chipsets, and digital TV chipsets. In addition, it offers wire bond substrates for MCP, southbridge chipsets, communication, and networking applications, as well as for use in memory, portable devices, handsets, consumer electronics, and PC peripheral devices. Further, the company provides electronic product sales and investment; ABF (Ajinomoto Build-upFilm) substrate, and PP (Prepreg) substrate businesses. The company was founded in 1997 and is headquartered in Taipei City, Taiwan. Nan Ya Printed Circuit Board Corporation operates as a subsidiary of Nan Ya Plastics Corporation.
Stock analysis
Nan Ya Printed Circuit Board Corp (8046) currently trades at 1,240 TWD, while our model-based Fair Value estimate is 1,936 TWD, implying the stock looks roughly 36.0% undervalued today.
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Valuation
How firm this estimate is: it rests on 25 models at a data quality of 95/100, which puts the evidence level at medium.
Scenario range: 1,302 TWD (bear) to 2,685 TWD (bull), the price of 1,240 TWD sits below it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 67/100 (solid quality), in the Technology sector.
Weak Growth: Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
Nan Ya Printed Circuit Board Corp reported revenue of 40.2B TWD in FY2025 versus 52.2B TWD in FY2021, a compound −6.4%/yr. Reported net income was 1.9B TWD in FY2025, compounding −34.5%/yr from FY2021.
Key figures
Market cap 802B TWD (≈ $25.2B) · P/E ratio 407.9 · P/S ratio 19.8 · EPS (TTM) 3.04 TWD · Dividend yield 0.2% · Net margin 4.8% · Return on equity 6.6% · Return on assets (EBIT) 12.9%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 38 out of 100 (low confidence).
What moves the price
The last reported earnings sit well below what analysts expect (earnings in transition, for example after write-downs or an earnings dip); whether the stock is cheap or expensive hinges on the expected recovery actually arriving. Read the fair value with that caveat.
The share trades about 12% below its 52-week high and 466% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Technology peers we cover trades at −65% fair-value upside, at 56%, 8046 screens cheaper than that median.
Fair Value models
All 25 models by family
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Set up alert →Quality Score breakdown
Of which business quality 64 · Market factors (momentum, volatility) 69
Revenue & earnings trend
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Compare Nan Ya Printed Circuit Board Corp with another stock
Price, fair value, quality and upside side by side.
Peer Groupⓘ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.Electronic Components · 660 stocks
Valuation Multiplesvs Electronic Components median · lower = cheaper
Strength profile in five axes (Snowflake)
Context: sector, industry, market
- Is the Information Technology sector expensive or cheap?
- P/E, EV/EBITDA and margins by industry (reference tables)
- Undervalued stocks: Taiwanese Stocks
- Valuation of the Taiwan market
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
Similar stocks
10 more Electronic Components stocks, each showing price versus our Fair Value estimate.
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| Amphenol Corporation APH | $82.84 | $91.12 | +10% |
| Delta Electronics, Inc 2308 | 1,900 TWD | 519.57 TWD | −73% |
| Corning Incorporated GLW | $159.69 | $34.01 | −79% |
| Luxshare Precision Industry Co 002475 | ¥54.84 | ¥19.37 | −65% |
| Samsung Electro-Mechanics Co 009150 | 1,507,000 KRW | 178,632 KRW | −88% |
| Suzhou Dongshan Precision Manufacturing Co 002384 | ¥198.12 | ¥21.19 | −89% |
| TE Connectivity plc TEL | $213.48 | $140.75 | −34% |
| Shengyi Technology Co 600183 | ¥143.45 | ¥66.42 | −54% |
| Flex Ltd FLEX | $114.45 | $51.46 | −55% |
| Celestica Inc CLS | $356.09 | $116.21 | −67% |
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Key figures of Nan Ya Printed Circuit Board Corp
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