Nanya Technology Corporation

TWSE:2408 Stock Report

Market Cap: NT$1.3t

Nanya Technology Valuation

Is 2408 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

5/6

Valuation Score 5/6

  • Below Future Cash Flow Value

  • Significantly Below Future Cash Flow Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of 2408 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Ultimate guide to DCF valuation for stock investing

Learn how to determine fair value like the best investors in the world.

Below Future Cash Flow Value: 2408 (NT$445.5) is trading below our estimate of future cash flow value (NT$1100.44)

Significantly Below Future Cash Flow Value: 2408 is trading below future cash flow value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 2408?

Key metric: As 2408 is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for 2408. This is calculated by dividing 2408's market cap by their current earnings.
What is 2408's PE Ratio?
PE Ratio15.5x
EarningsNT$88.91b
Market CapNT$1.25t

Price to Earnings Ratio vs Peers

How does 2408's PE Ratio compare to its peers?

The above table shows the PE ratio for 2408 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average81.9x
5274 ASPEED Technology
144.8x44.12%NT$586.3b
2344 Winbond Electronics
50.7x91.01%NT$699.8b
2303 United Microelectronics
35.3x17.67%NT$1.7t
3653 Jentech Precision Industrial
96.8x54.73%NT$516.5b
2408 Nanya Technology
15.5x42.39%NT$1.3t

Price-To-Earnings vs Peers: 2408 is good value based on its Price-To-Earnings Ratio (15.5x) compared to the peer average (78.6x).

Historical Price to Earnings Ratio

Historical Price to Earnings Ratio compares a stock's price to its earnings over time. Higher ratios indicate that investors are willing to pay more for the stock.

Fetching historical data

Price to Earnings Ratio vs Industry

How does 2408's PE Ratio compare vs other companies in the TW Semiconductor Industry?

2 CompaniesPrice / EarningsEstimated GrowthMarket Cap
3188 Golden Long Teng Development
3.9xn/aUS$137.46m
4944 Crystalwise Technology
4xn/aUS$15.69m
No more companies available in this PE range
2408 15.5xIndustry Avg. 41.9xNo. of Companies25PE020406080100+
2 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: 2408 is good value based on its Price-To-Earnings Ratio (15.5x) compared to the TW Semiconductor industry average (41.9x).

Price to Earnings Ratio vs Fair Ratio

What is 2408's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

2408 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio15.5x
Fair PE Ratio94.2x

Price-To-Earnings vs Fair Ratio: 2408 is good value based on its Price-To-Earnings Ratio (15.5x) compared to the estimated Fair Price-To-Earnings Ratio (94.2x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst 2408 forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentNT$445.50
NT$548.17
+23.05%
29.47%NT$720.00NT$150.00n/a12
Jul ’27NT$421.00
NT$397.00
-5.70%
41.11%NT$660.00NT$150.00n/a11
Jun ’27NT$381.50
NT$333.09
-12.69%
30.44%NT$520.00NT$150.00n/a11
May ’27NT$215.50
NT$287.73
+33.52%
22.08%NT$400.00NT$150.00n/a11
Apr ’27NT$211.00
NT$297.09
+40.80%
24.22%NT$400.00NT$150.00n/a11
Mar ’27NT$285.50
NT$291.67
+2.16%
34.05%NT$400.00NT$41.00n/a12
Feb ’27NT$326.50
NT$285.00
-12.71%
34.00%NT$400.00NT$41.00n/a12
Jan ’27NT$193.00
NT$159.09
-17.57%
33.09%NT$202.00NT$33.00n/a11
Dec ’26NT$149.50
NT$138.27
-7.51%
37.56%NT$202.00NT$33.00n/a11
Nov ’26NT$132.50
NT$110.82
-16.36%
28.91%NT$150.00NT$28.00n/a11
Oct ’26NT$76.20
NT$65.84
-13.60%
31.85%NT$101.00NT$28.00n/a11
Sep ’26NT$46.75
NT$53.15
+13.70%
21.60%NT$75.00NT$28.00n/a11
Aug ’26NT$44.45
NT$53.15
+19.58%
21.60%NT$75.00NT$28.00n/a11
Jul ’26NT$49.50
NT$49.97
+0.96%
27.30%NT$75.00NT$28.00NT$421.0011
Jun ’26NT$45.55
NT$46.48
+2.05%
33.84%NT$85.00NT$22.60NT$381.5011
May ’26NT$36.00
NT$43.26
+20.18%
37.57%NT$85.00NT$22.60NT$215.5011
Apr ’26NT$38.30
NT$38.96
+1.73%
58.27%NT$85.00NT$20.00NT$211.0011
Mar ’26NT$38.65
NT$37.96
-1.78%
60.73%NT$85.00NT$20.00NT$285.5011
Feb ’26n/a
NT$37.51
0%
62.26%NT$85.00NT$20.00NT$326.5011
Jan ’26NT$29.25
NT$54.83
+87.46%
38.22%NT$85.00NT$25.00NT$193.0012
Dec ’25NT$33.45
NT$57.58
+72.15%
33.03%NT$85.00NT$30.00NT$149.5012
Nov ’25NT$41.45
NT$62.17
+49.98%
29.66%NT$85.00NT$35.00NT$132.5012
Oct ’25NT$46.25
NT$74.00
+60.00%
22.87%NT$91.00NT$40.00NT$76.2012
Sep ’25NT$52.70
NT$78.08
+48.17%
18.23%NT$91.00NT$50.00NT$46.7512
Aug ’25NT$58.30
NT$84.76
+45.38%
10.79%NT$95.00NT$58.00NT$44.4512
Jul ’25NT$69.00
NT$85.18
+23.44%
10.27%NT$95.00NT$60.00NT$49.5012
NT$548.17
Fair Value
18.7% undervalued intrinsic discount
12
Number of Analysts

Analyst Forecast: Target price is more than 20% higher than the current share price, but analysts are not within a statistically confident range of agreement.

Discover undervalued companies

7D

1Y

7D

1Y

7D

1Y

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/07/22 07:52
End of Day Share Price 2026/07/22 00:00
Earnings2026/06/30
Annual Earnings2025/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Nanya Technology Corporation is covered by 22 analysts. 11 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Nam Hyung KimArete Research Services LLP
Naiwen KerrBarclays
Mark NewmanBernstein