NEXCOM International Co Ltd (8234) fair value: what the stock is really worth
As of Sep 24, 2026: fair value of NEXCOM International Co Ltd TWD 7.29, price TWD 61.20, upside -88.1%, quality 57 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
Structural break:
The valuation model sees a lasting decline in earnings power for this stock, the confidence band is broken. Treat the target with caution.
Stretched ValuationStrong overvaluation with only moderate quality.
!Fair value 7.29 TWD · Strongly overvalued (−88%)
!Quality 57/100
!Weak Growth(revenue 5y −3.2 %/yr)
!Loss over the last twelve months · -0.5% net margin (TTM) · fiscal year 2025 1.0%
✓Low debt · generates free cash flow
·0.65% dividend yield
!Trails peers(5/13)
!Narrow moat28/100
!Evidence only low, so the estimate is less certain
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NEXCOM International Co., Ltd., together with its subsidiaries, engages in providing Internet of Things (IoT) automation, intelligent video surveillance, smart city, mobile computing, medical and healthcare informatics, and network and communication solutions.
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NEXCOM International Co., Ltd., together with its subsidiaries, engages in providing Internet of Things (IoT) automation, intelligent video surveillance, smart city, mobile computing, medical and healthcare informatics, and network and communication solutions. It offers IoT automation solutions, such as embedded computing, machine automation, PC-based factory automation, panel PC, and software solutions, industrial fanless, industrial rackmount, and marine computers; intelligent platform solutions for smart cities, including embedded computing boards, fanless edge computing systems, interactive signage solution packs, intelligent service kiosks, and POS solutions, as well as edge AI, visual edge, and embedded touchscreen computers; and intelligent video surveillance solutions comprising network cameras and NVR hardware platform. It also provides mobile computing solutions that include vehicle telematics computer, railway computer, edge AI telematics solution, vehicle mount computer, vehicle mount display, rating computer/display, in-vehicle networking, pis solution, telematics solution with android, embedded add-on module/card, universal fitness console, and railway panel computer; and network and communication solutions, which comprise cybersecurity, edge and cloud, OT security, and network peripheral solutions, SoC capability and S/W services. In addition, it offers industrial wireless solutions, remote network management products, and embedded computing; and medical and healthcare informatics, such as embedded boards, vertical applications, video conference systems, software packages, and healthcare and medical solutions; and sales and purchase of computers and peripherals, and design and development of computer software. It serves Taiwan, Sweden, South Korea, the Netherlands, Israel, Norway, China, the United Kingdom, Japan, Germany, Ireland, the United States, and internationally. The company was incorporated in 1992 and is based in New Taipei City, Taiwan.
Stock analysis
NEXCOM International Co Ltd (8234) currently trades at 61.20 TWD, while our model-based Fair Value estimate is 7.29 TWD, implying the stock looks roughly 739.6% overvalued today.
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Valuation
Bull case: the Asset-Based group reads highest at a median of 14.67 TWD per share, and 0 of the 23 models we run sit above the 61.20 TWD price.
Bear case: the Earnings-Based group reads lowest at 3.21 TWD, and 23 of the 23 models stay below the price. Evidence for this calculation is low.
Scenario range: 6.57 TWD (bear) to 8.21 TWD (bull), the price of 61.20 TWD sits above 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 57/100 (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.
NEXCOM International Co Ltd reported revenue of 5.7B TWD in FY2025 versus 6.8B TWD in FY2021, a compound −4.2%/yr. Reported net income was 54.6M TWD in FY2025, compounding −21.2%/yr from FY2021.
Key figures
Market cap 9.6B TWD (≈ $302M) · P/E ratio 165.9 · P/S ratio 1.59 · EPS (TTM) −0.1800 TWD · Dividend yield 0.7% · Net margin 1.0% · Return on equity −0.9% · Return on assets (EBIT) 4.5%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 42 out of 100 (medium confidence).
What moves the price
The share trades about 33% below its 52-week high and 10% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Technology peers we cover trades at −33% fair-value upside, at −88%, 8234 screens richer than that median.
Fair Value models
The price assumes far more growth than our models allow for, so the models scatter widely (3.21 TWD to 35.16 TWD). Read the Fair Value as a cautious anchor, not a price target; the Growth Forecast section shows what the price assumes.
Bear 6.57 TWDFair Value 7.29 TWDBull 8.21 TWD
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single 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 ⓘEvidence = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.32/100
Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
Revenue growth 1 year
+5.2%
Revenue growth 3 years ⓘ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. Per-share growth (which does include buybacks) is in the value-creation card.
−10.4%
Revenue growth 5 years ⓘ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. Per-share growth (which does include buybacks) is in the value-creation card.
−3.2%
Start year 2020 (pandemic)
Revenue growth 8 years ⓘ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. Per-share growth (which does include buybacks) is in the value-creation card.
−1.4%
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What shareholders gained per year (last 5 years), in TWD ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate. Measured in TWD: this currency has depreciated against the euro and dollar over the long run, so part of the nominal rate is currency erosion that never reaches a EUR/USD investor.
−17.6%
Earnings growth per share plus dividend.
Earnings per share, growth per year−18.3%
Dividend (yield on the price)0.7%
Profit margin 2020 to 2025 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.4% → 1%
⚠ Revenue per share shrinking 2.5%/yr over ~6Y (margins eroding too) ⓘStructural-decline marker: revenue PER SHARE has fallen over the last decade (robust median trend, not a single year). Backtested across 2005 to 2017, such businesses trailed the market by about 2.5 percentage points per year. Display only: it does not change the fair value or the quality score.
Compare NEXCOM International Co Ltd with another stock
Price, fair value, quality and upside side by side.
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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.Computer Hardware · 220 stocks
Beats the industry median on 5/12 measures
A mixed picture versus its industry peers.
Valuation
Quality Score57 · Above median
Fair Value upside−88% · Bottom 25%
Profitability
Return on assets−1% · Bottom 25%
Net margin (TTM)0% · Bottom 25%
Operating margin (TTM)3% · Below median
Growth and dividend
Revenue growth13% · Above median
Dividend yield (TTM)0.7% · Bottom 25%
Balance sheet
Debt / equity0.01× · Below median
Valuation Multiplesvs Computer Hardware median · lower = cheaper
P/E (TTM)165.9× · Priciest 25%
P/B0.10× · Cheapest 25%
P/S (TTM)0.06× · Cheapest 25%
P/FCF93.2× · Priciest 25%
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 0
FUTURE (revenue growth)65· sector 59
PAST (return on equity)0· sector 26
HEALTH (low debt)100· sector 97
DIVIDEND (yield)13· sector 40
VALUE 0: the price sits above our fair-value range.
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Cite: Fair Value Calculator (2026). "NEXCOM International Co Ltd Fair Value". https://www.fairvalue-calculator.com/stock/8234
Frequently asked questions
Is NEXCOM International Co Ltd (8234) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of 7.29 TWD versus a price of 61.20 TWD, about −88% upside (overvalued).
What is the fair value of 8234?
Our model-based fair value for NEXCOM International Co Ltd is 7.29 TWD (as of Sep 24, 2026), built from audited fundamentals. The current price: 61.20 TWD.
What is the quality score of 8234?
NEXCOM International Co Ltd has a Quality Score of 57/100. 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 price target for NEXCOM International Co Ltd (8234)?
Our model-based price target is the fair value of 7.29 TWD (as of Sep 24, 2026) from 23 valuation models. Cautious scenario 6.57 TWD, optimistic scenario 8.21 TWD. It is a calculation from audited fundamentals, not an analyst target.
What is the NEXCOM International Co Ltd stock forecast for 2026?
Our models put fair value at 7.29 TWD, about −88% upside versus a price of 61.20 TWD (overvalued). Cautious scenario 6.57 TWD, optimistic scenario 8.21 TWD. The calculation is refreshed regularly with new filings.
What is the revenue of NEXCOM International Co Ltd (8234)?
NEXCOM International Co Ltd reported trailing-twelve-month revenue of about 5.4B TWD (latest available figure, as of Sep 24, 2026).
Does NEXCOM International Co Ltd pay a dividend?
NEXCOM International Co Ltd currently shows a dividend yield of about 0.65% relative to its recent price (as of Sep 24, 2026).
What is the intrinsic value of NEXCOM International Co Ltd (8234)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For NEXCOM International Co Ltd it is 7.29 TWD per share (as of Sep 24, 2026), against a price of 61.20 TWD. It is the blended result of 23 valuation models (cash flow, earnings, asset, dividend).
Is NEXCOM International Co Ltd stock overvalued or undervalued in 2026?
As of Sep 24, 2026, 8234 trades above its calculated fair value: price 61.20 TWD, fair value 7.29 TWD, a gap of about −88% (overvalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of 8234?
No. The price is what the market pays today (61.20 TWD); the fair value is what the company's own numbers justify (7.29 TWD). For NEXCOM International Co Ltd the two are 53.91 TWD per share apart. That gap is exactly why we show both numbers side by side.
How much is NEXCOM International Co Ltd worth?
The market values NEXCOM International Co Ltd at about 9.6B TWD (market capitalisation, as of Sep 24, 2026). Per share that is 61.20 TWD; our models calculate a fair value of 7.29 TWD per share.
What do the bullish and bearish scenarios say about 8234?
Our models span a range for NEXCOM International Co Ltd: cautious scenario 6.57 TWD, base 7.29 TWD, optimistic 8.21 TWD per share (as of Sep 24, 2026, price 61.20 TWD). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 8234?
NEXCOM International Co Ltd trades at a price-to-earnings ratio of 165.9 (as of Sep 24, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 7.29 TWD is built from several models across several years. Other multiples: P/B 0.1, P/S 0.1.
How solid is the balance sheet of NEXCOM International Co Ltd (8234)?
Balance-sheet figures for NEXCOM International Co Ltd (as of Sep 24, 2026): return on equity −0.9%, debt of 0.01 per unit of equity. They feed the Quality Score of 57/100, which measures business quality independently of the share price.
How far is 8234 from its 52-week high?
NEXCOM International Co Ltd trades at 61.20 TWD, about 33% below its 52-week high of 91.50 TWD and 10% above the low of 55.80 TWD (as of Sep 24, 2026). Distance from the high says nothing about value: that is what the fair value of 7.29 TWD is for.
Which stocks are comparable to NEXCOM International Co Ltd?
From the same area (Technology) we also value Dell Technologies Inc, Arista Networks, Inc, Western Digital Corporation, Wiwynn Corporation, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is NEXCOM International Co Ltd stock attractive at the current price?
The data as of Sep 24, 2026: price 61.20 TWD, calculated fair value 7.29 TWD (−88%), Quality Score 57/100, from 23 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of 8234 calculated?
We run NEXCOM International Co Ltd through 23 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of 7.29 TWD, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 13.2 % above its aggregate fair value. NEXCOM International Co Ltd itself currently trades above fair value. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of NEXCOM International Co Ltd (8234)?
The closing price on Sep 24, 2026 was 61.20 TWD. Our model-based fair value is 7.29 TWD, about −88% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with NEXCOM International Co Ltd right now?
The price sits above even our optimistic bull case (8.21 TWD). The favourable scenario is already priced in. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution. Solid but not exceptional quality (57/100) and above fair value, neither a clear bargain nor a standout compounder.
Key figures of NEXCOM International Co Ltd
How large is the market capitalisation of NEXCOM International Co Ltd (8234)?
The market capitalisation of NEXCOM International Co Ltd is 9.6B TWD (≈ $302M). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of NEXCOM International Co Ltd (8234)?
The price-to-sales ratio of NEXCOM International Co Ltd is 1.59 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of NEXCOM International Co Ltd (8234)?
Earnings per share at NEXCOM International Co Ltd are −0.1800 TWD (price ÷ EPS = P/E 165.9). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of NEXCOM International Co Ltd (8234)?
The dividend yield of NEXCOM International Co Ltd is 0.7%. Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of NEXCOM International Co Ltd (8234)?
The net margin of NEXCOM International Co Ltd is 1.0% (fiscal year 2025). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of NEXCOM International Co Ltd (8234)?
The return on equity (ROE) of NEXCOM International Co Ltd is −0.9% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of NEXCOM International Co Ltd (8234)?
On an EBIT basis the return on assets of NEXCOM International Co Ltd is 4.5% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of NEXCOM International Co Ltd (8234)?
The operating margin of NEXCOM International Co Ltd is 2.9% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at NEXCOM International Co Ltd (8234)?
Revenue at NEXCOM International Co Ltd is growing +13.0% versus a year earlier (3y avg −10.4%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at NEXCOM International Co Ltd (8234)?
Earnings per share at NEXCOM International Co Ltd are growing −87.3% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does NEXCOM International Co Ltd (8234) generate?
The free cash flow of NEXCOM International Co Ltd is 3.2M TWD (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net debt does NEXCOM International Co Ltd (8234) carry?
The net debt of NEXCOM International Co Ltd is 326M TWD (fiscal year 2025). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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