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NAK Sealing Technologies Corporation (9942) Fair Value & Analysis

Consumer Cyclical · TW · Market cap 10.2B TWD

NS NAK Sealing Technologies Corporation 9942 · TW
Price118.50 TWD
Fair Value156.50 TWD
Upside+32.1%
Quality69/100
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Healthy Growth
Solidly profitable · 16.6% net margin
Low debt · generates free cash flow
5.86% dividend yield
Ranks above peers (12/15)
Wide moat 71/100
Evidence: High Range 99.50 TWD – 214.17 TWD Share as image

Fair value as of: Jul 21, 2026

From 26 valuation models · updated 20 days ago

Fair value updated Jul 21, 2026, revised from 151.43 TWD to 156.50 TWD (+3.3%) since Jul 12, 2026. Share price −1.3% over the past month.

A solid business, screening 32% undervalued on our models.

What matters now

  • Solid quality (69/100) at a price below fair value, the discount is the argument here, not the business quality.
  • A fairly wide model range (99.50 TWD to 214.17 TWD) leaves room in how you read the outcome.
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Price vs Fair Value (5 years)

154.93 TWD 69.61 TWD Fair Value 156.50 TWD Mar 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 21, 2026.

How to read this chart

60‑month range 69.61 TWD – 154.93 TWD · fair‑value band 99.50 TWD – 214.17 TWD · the 118.50 TWD price screens below the 156.50 TWD fair value. Dashed = 300-day average. As of Jul 21, 2026.

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Analysis

NAK Sealing Technologies Corporation (9942) currently trades at 118.50 TWD, while our model-based Fair Value estimate is 156.50 TWD, implying the stock looks roughly 32.1% undervalued today. The Quality Score stands at 69/100 (solid quality), in the Consumer Cyclical sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: high), always confirm before acting.

Over the trailing twelve months, NAK Sealing Technologies Corporation generated revenue of 4.1B TWD at a net margin of 16.6%. Revenue grew 13.4% year over year. It earns a return on equity of 15.3%. The balance sheet holds a net cash position of 285M TWD. Fundamentals as of Jul 21, 2026

Our scenario range runs from 99.50 TWD (bear case) to 214.17 TWD (bull case); at 118.50 TWD, the current price sits within 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 4% below its 52-week high and 16% above its 52-week low, currently above its 200-day average. For context, the median of 10 Consumer Cyclical peers we cover trades at -44% fair-value upside, at 32%, 9942 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
Growth DCF 78.24 TWD 111.43 TWD 157.93 TWD 80
Residual Income 53.55 TWD 65.55 TWD 128.06 TWD 76
Rev-Margin DCF 66.39 TWD 100.14 TWD 137.83 TWD 74
All 26 models by family
DCF Models
FCF DCF 76.57 TWD 113.23 TWD 167.43 TWD 38
Owner Earnings 73.00 TWD 107.88 TWD 159.43 TWD 31
5Y Revenue Exit 66.39 TWD 99.57 TWD 140.91 TWD 39
5Y EBITDA Exit 107.52 TWD 174.70 TWD 251.73 TWD 41
5Y P/E Exit 102.67 TWD 165.84 TWD 230.65 TWD 38
10Y Revenue Exit 67.66 TWD 98.45 TWD 137.79 TWD 36
10Y EBITDA Exit 95.43 TWD 149.95 TWD 220.54 TWD 37
10Y P/E Exit 92.37 TWD 143.88 TWD 204.81 TWD 35
Earnings-Based
Graham-Dodd 55.48 TWD 152.53 TWD 200.19 TWD 54
Lynch FV 30.33 TWD 43.32 TWD 56.32 TWD 50
PEG = 1.0 30.33 TWD 43.32 TWD 56.32 TWD 46
EPV 79.10 TWD 91.69 TWD 102.70 TWD 59
Dividend Discount
Gordon GGM 64.27 TWD 133.64 TWD 212.00 TWD 70
DDM Multi-Stage 64.27 TWD 100.88 TWD 139.68 TWD 61
Multiples
P/E Multiple 128.50 TWD 171.33 TWD 214.17 TWD 63
P/S Multiple 71.98 TWD 95.98 TWD 119.97 TWD 58
P/B Multiple 104.02 TWD 138.70 TWD 173.37 TWD 55
EV/EBIT 150.73 TWD 199.78 TWD 248.83 TWD 53
EV/EBITDA 140.61 TWD 186.28 TWD 231.95 TWD 54
EV/Revenue 64.05 TWD 89.96 TWD 115.88 TWD 43
Asset-Based
NCAV (Graham) 25.77 TWD 34.53 TWD 51.54 TWD 50
Growth DCF
Growth DCF 78.24 TWD 111.43 TWD 157.93 TWD 80
Rev-Margin DCF 66.39 TWD 100.14 TWD 137.83 TWD 74
Economic Profit
Residual Income 53.55 TWD 65.55 TWD 128.06 TWD 76
ROIC Compounder 83.17 TWD 103.29 TWD 126.60 TWD 72
Growth Earnings
Growth-Adj P/E 101.97 TWD 145.67 TWD 189.37 TWD 68

Widest divergence: Growth Earnings (145.67 TWD) versus Asset-Based (34.53 TWD). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) 4.1B TWD
Revenue growth (YoY) +13.4%
Net margin 16.6%
Return on equity 15.3%
Free cash flow 551M TWD FY2025
P/E ratio 15.2
More key figures
Operating margin 24.5%
EPS (TTM) 8.11 TWD
Dividend yield 5.9%
EPS growth (YoY) +2.8%
Net cash 285M TWD FY2025

Figures from reported company fundamentals · as of Jul 21, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 69/100

Of which business quality 66 · Market factors (momentum, volatility) 62

Profitability 61
Margins and returns on capital today
Quality Growth 35
Are margins and returns improving?
Cashflow 60
Earnings quality: real cash, not paper profit
Fin. Strength 84
Balance sheet, leverage, solvency risk
Investment 71
Disciplined investing over empire-building
Low Volatility 95
Calm price path (market factor)
Momentum 45
Price trend over the last 3–12 months (market factor)
52W Momentum 52
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

NAK Sealing Technologies Corporation, together with its subsidiaries, manufactures and sells oil seals and technical sealing products in Taiwan, Asia, Europe, America, and Africa.

Full company description

NAK Sealing Technologies Corporation, together with its subsidiaries, manufactures and sells oil seals and technical sealing products in Taiwan, Asia, Europe, America, and Africa. The company offers automotive seals, including engine, transmission, power steering, axle, shock absorber, and motor seals; and industrial seals comprising pump, gear reducer/gearbox, motor, power tool, robotic arm, wind turbine, and washing machine seals. It also provides agriculture, construction, and mining seals, such as piston, rod, wiper, and axle/hub seals; other seals, including V-rings, axial face seals, bonded seals, sleeves, rings, rubber molded parts, and O-ring kits and cords; and mixed rubber compounds, rubber machinery, and metal modules. In addition, the company is involved in general investment; and import and export activities. It serves automotive, industrial, agricultural, hydraulic, pneumatic, construction, and mining markets. The company was formerly known as Mao Shun Co. and changed its name to NAK Sealing Technologies Corporation in 2002. NAK Sealing Technologies Corporation was founded in 1976 and is based in Nantou City, Taiwan.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

NAK Sealing Technologies Corporation reported revenue of 4.0B TWD in FY2025 versus 3.9B TWD in FY2021, a compound +0.8%/yr. Reported net income was 678M TWD in FY2025, compounding +5.9%/yr from FY2021.

Growth Quality 83/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Latest Revenue (FY 2025)
4.0B TWD
Latest YoY
+1.7%
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.
−1.4%
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.
+6.8%
Avg. growth/yr (23Y) 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.
+5.8%
Revenue +0.8%/yr
FY21 3.9B TWD
FY22 4.2B TWD
FY23 4.8B TWD
FY24 3.9B TWD
FY25 4.0B TWD
Net income +5.9%/yr
FY21 540M TWD
FY22 650M TWD
FY23 979M TWD
FY24 721M TWD
FY25 678M TWD
Character of growth · EPS growth decomposed (2014-2025) +5.8 % p.a.
Revenue per share +4.4 pp

of which total revenue +4.3 pp · buybacks/dilution +0.0 pp

EBIT margin +2.2 pp
Tax rate −0.5 pp
Residual (interest, one-offs) −0.3 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).

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Cite: Fair Value Calculator (2026). "NAK Sealing Technologies Corporation Fair Value". https://www.fairvalue-calculator.com/stock/9942

Peer Group

Auto Parts · 641 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 69 · Top 25%
Fair Value upside +32% · Top 25%
Return on equity (TTM) 15% · Top 25%
Return on assets 11% · Top 25%
Net margin (TTM) 17% · Top 25%
Operating margin (TTM) 24% · Top 25%
Revenue growth 13% · Above median
Dividend yield (TTM) 5.9% · Top 25%
Debt / equity 0.01× · Lower than 75% of peers

Valuation Multiples vs Auto Parts median · lower = cheaper

P/E (TTM) 15.2× · Cheaper than median
P/B 2.39× · Pricier than median
P/S (TTM) 2.48× · Pricier than 75% of peers
P/FCF 0.6× · Cheaper than median
EV/EBITDA 8.3× · Cheaper than median
PEG 1.68× · 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 76 · sector 17
FUTURE 67 · sector 24
PAST 61 · sector 26
HEALTH 99 · sector 95
DIVIDEND 100 · sector 30

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.

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Frequently asked questions

Is NAK Sealing Technologies Corporation (9942) overvalued or undervalued?
As of Jul 21, 2026, our model estimates a fair value of 156.50 TWD versus a price of 118.50 TWD, about +32% (undervalued).
What is the fair value of 9942?
Our model-based fair value for NAK Sealing Technologies Corporation is 156.50 TWD (as of Jul 21, 2026), built from audited fundamentals. The current price is 118.50 TWD.
What is the quality score of 9942?
NAK Sealing Technologies Corporation has a Quality Score of 69/100. 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 NAK Sealing Technologies Corporation (9942)?
NAK Sealing Technologies Corporation reported trailing-twelve-month revenue of about 4.1B TWD (latest available figure, as of Jul 21, 2026).
What is the net profit margin of 9942?
The net profit margin of NAK Sealing Technologies Corporation is about 16.6%, meaning it keeps roughly 16.6% of revenue as net income. Based on the latest reported figures.
Does NAK Sealing Technologies Corporation pay a dividend?
NAK Sealing Technologies Corporation currently shows a dividend yield of about 5.86% relative to its recent price (as of Jul 21, 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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