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Panram International Corp (8088) Fair Value & Analysis

Technology · TW · Market cap 2.9B TWD

PI Panram International Corp 8088 · TWO
Price48.50 TWD
Fair Value17.40 TWD
Upside-64.1%
Quality66/100
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Weak Growth
Thin margins · 8.4% net margin
Low debt · negative free cash flow
Ranks above peers (8/13)
Moderate moat 48/100
Evidence: High Range 15.78 TWD – 25.79 TWD Share as image

Fair value as of: Jul 23, 2026

From 15 valuation models · updated 18 days ago

Fair value updated Jul 23, 2026, revised from 17.39 TWD to 17.40 TWD (+0.1%) since Jul 12, 2026. Share price −13.7% over the past month.

A solid business, but screening 64% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (25.79 TWD). The favourable scenario is already priced in.
  • Solid but not exceptional quality (66/100) and above fair value, neither a clear bargain nor a standout compounder.
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Price vs Fair Value (5 years)

71.41 TWD 14.50 TWD Fair Value 17.40 TWD Feb 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 14.50 TWD – 71.41 TWD · fair‑value band 15.78 TWD – 25.79 TWD · the 48.50 TWD price screens above the 17.40 TWD fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 23, 2026.

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Analysis

Panram International Corp (8088) currently trades at 48.50 TWD, while our model-based Fair Value estimate is 17.40 TWD, implying the stock looks roughly 64.1% overvalued today. The Quality Score stands at 66/100 (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, Panram International Corp generated revenue of 1.9B TWD at a net margin of 8.4%. Revenue grew 72.8% year over year. It earns a return on equity of 14.3%. Net debt stands at 57.8M TWD. Fundamentals as of Jul 23, 2026

Our scenario range runs from 15.78 TWD (bear case) to 25.79 TWD (bull case); at 48.50 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 34% below its 52-week high and 66% above its 52-week low, currently below its 200-day average. For context, the median of 10 Technology peers we cover trades at -67% fair-value upside, at -64%, 8088 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 15.43 TWD 16.86 TWD 22.50 TWD 76
ROIC Compounder 12.73 TWD 14.55 TWD 16.12 TWD 72
Gordon GGM 4.39 TWD 4.79 TWD 5.38 TWD 70
All 15 models by family
DCF Models
Owner Earnings 22.26 TWD 29.92 TWD 43.72 TWD 31
Earnings-Based
Graham-Dodd 11.55 TWD 14.39 TWD 16.27 TWD 54
EPV 12.73 TWD 14.55 TWD 16.12 TWD 59
Dividend Discount
Gordon GGM 4.39 TWD 4.79 TWD 5.38 TWD 70
DDM Multi-Stage 4.39 TWD 5.44 TWD 6.87 TWD 61
Multiples
P/E Multiple 25.48 TWD 33.98 TWD 42.47 TWD 63
P/S Multiple 21.66 TWD 28.88 TWD 36.10 TWD 58
P/B Multiple 21.66 TWD 28.88 TWD 36.10 TWD 55
EV/EBIT 27.22 TWD 35.89 TWD 44.57 TWD 53
EV/EBITDA 31.37 TWD 41.43 TWD 51.49 TWD 54
EV/Revenue 18.74 TWD 26.26 TWD 33.77 TWD 43
Asset-Based
NCAV (Graham) 9.07 TWD 12.15 TWD 18.14 TWD 50
Economic Profit
Residual Income 15.43 TWD 16.86 TWD 22.50 TWD 76
ROIC Compounder 12.73 TWD 14.55 TWD 16.12 TWD 72
Growth Earnings
Growth-Adj P/E 18.03 TWD 25.76 TWD 33.48 TWD 68

Widest divergence: DCF Models (29.92 TWD) versus Dividend Discount (4.79 TWD). Highest evidence: Residual Income (76).

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Key figures & financial health

Revenue (TTM) 1.9B TWD
Revenue growth (YoY) +72.8%
Net margin 8.4%
Return on equity 14.3%
Free cash flow −402M TWD FY2025
P/E ratio 28.0
More key figures
Operating margin 14.4%
EPS (TTM) 1.69 TWD
EPS growth (YoY) +692%
Net debt 57.8M TWD FY2025

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

Quality Score breakdown

Overall quality 66/100

Of which business quality 61 · Market factors (momentum, volatility) 54

Profitability 49
Margins and returns on capital today
Quality Growth 80
Are margins and returns improving?
Cashflow 0
Earnings quality: real cash, not paper profit
Fin. Strength 82
Balance sheet, leverage, solvency risk
Investment 100
Disciplined investing over empire-building
Low Volatility 42
Calm price path (market factor)
Momentum 50
Price trend over the last 3–12 months (market factor)
52W Momentum 73
Distance to the 52-week high (market factor)
Net Issuance 85
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

Panram International Corp. engages in the design, manufacture, and sale of memory modules and flash memory related products in Taiwan.

Full company description

Panram International Corp. engages in the design, manufacture, and sale of memory modules and flash memory related products in Taiwan. The company offers IP Phone, FPGA development board, control board, smart light, smart meter, VGA card, Thunderbolt 3 solution, and DC power control board; DRAM modules; and SD/microSD card, SDHC/micro SDHC, SDXC/micro SDXC, CF card, and CFast card. It also provides SSDs; and I/O products. In addition, the company offers original design and original equipment manufacturing services; product design, raw material procurement, logistics, transportation, product testing and maintenance, integrating manufacturing processes, and management services; and project and manufacturing process-oriented services. Panram International Corp. was founded in 1983 and is based in Taipei City, Taiwan.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Panram International Corp reported revenue of 1.7B TWD in FY2025 versus 1.8B TWD in FY2021, a compound −2.3%/yr. Reported net income was 104M TWD in FY2025, compounding +0.9%/yr from FY2021.

Growth Quality 25/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
1.7B TWD
Latest YoY
+55.8%
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.
−1.5%
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.
−2.4%
Avg. growth/yr (10Y) 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%
Revenue −2.3%/yr
FY21 1.8B TWD
FY22 1.8B TWD
FY23 1.5B TWD
FY24 1.1B TWD
FY25 1.7B TWD
Net income +0.9%/yr
FY21 99.9M TWD
FY22 212M TWD
FY23 159M TWD
FY24 10.0M TWD
FY25 104M TWD

8088 screens 64% overvalued. Compare with Compal Electronics, Inc →

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Cite: Fair Value Calculator (2026). "Panram International Corp Fair Value". https://www.fairvalue-calculator.com/stock/8088

Peer Group

Computer Hardware · 215 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 66 · Top 25%
Fair Value upside −64% · Below median
Return on equity (TTM) 14% · Above median
Return on assets 9% · Top 25%
Net margin (TTM) 8% · Above median
Operating margin (TTM) 14% · Top 25%
Revenue growth 73% · Top 25%
Dividend yield (TTM) 0.0% · Bottom 25%

Valuation Multiples vs Computer Hardware median · lower = cheaper

P/E (TTM) 28.0× · Pricier than median
P/B 2.61× · Pricier than median
P/S (TTM) 1.53× · Pricier than median
EV/EBITDA 11.2× · 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 100 · sector 57
PAST 57 · sector 26
HEALTH 100 · sector 97
DIVIDEND 0 · sector 44

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 Computer Hardware stocks, each showing price versus our Fair Value estimate (as of Jul 23, 2026).

Stock Price Fair Value vs Fair Value
Compal Electronics, Inc CEIR $0.0310 $0.0276 -11%
Dell Technologies Inc DELL $434.97 $163.87 -62%
Arista Networks, Inc ANET $168.56 $43.74 -74%
Western Digital Corporation WDC $513.84 $74.05 -86%
Wiwynn Corporation 6669 4,685 TWD 1,559 TWD -67%
Hangzhou Hikvision Digital Technology Co 002415 ¥34.12 ¥30.11 -12%
Quanta Computer Inc 2382 373.50 TWD 297.22 TWD -20%
Shenzhen Longsys Electronics Co 301308 ¥587.60 ¥60.86 -90%
Lenovo Group 0992 HK$23.16 HK$3.07 -87%
Dawning Information Industry Co 603019 ¥106.13 ¥28.88 -73%

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Frequently asked questions

Is Panram International Corp (8088) overvalued or undervalued?
As of Jul 23, 2026, our model estimates a fair value of 17.40 TWD versus a price of 48.50 TWD, about −64% (overvalued).
What is the fair value of 8088?
Our model-based fair value for Panram International Corp is 17.40 TWD (as of Jul 23, 2026), built from audited fundamentals. The current price is 48.50 TWD.
What is the quality score of 8088?
Panram International Corp has a Quality Score of 66/100. 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 Panram International Corp (8088)?
Panram International Corp reported trailing-twelve-month revenue of about 1.9B TWD (latest available figure, as of Jul 23, 2026).
What is the net profit margin of 8088?
The net profit margin of Panram International Corp is about 8.4%, meaning it keeps roughly 8.4% of revenue as net income. Based on the latest reported figures.

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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