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MediaTek Inc (2454) Fair Value & Analysis

Technology · TW · Market cap 5.9T TWD (≈ $186B) · ISIN TW0002454006

What is MediaTek Inc really worth?

MI MediaTek Inc 2454 · TW
Price4,415 TWD
Fair Value1,559 TWD
Upside−64.7%
Quality79/100

A strong business, but trading 183% above our fair value of 1,559 TWD.

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Strengths

Healthy Growth (revenue 5y +13.1 %/yr)
Solidly profitable · 16.9% net margin
Low debt · generates free cash flow
Wide moat 69/100

Risks

!Mixed vs. peers (8/15)
!Weak on dividend: 24 out of 100

For context

·1.21% dividend yield
Evidence: High Range 1,098 TWD – 1,915 TWD

Fair value as of: Aug 19, 2026

From 26 valuation models · updated 16 days ago

Share price +10.4% over the past month.

What runs behind every stock

69 individual criteria per stock, every one traceable See the method →

What matters now

  • A high-quality business (quality 79/100), yet the market already pays well above fair value. Quality at a full price, with little margin of safety.
  • The price sits above even our optimistic bull case (1,915 TWD). The favourable scenario is already priced in.

Price vs Fair Value (5 years)

4,612 TWD 437.85 TWD Fair Value 1,559 TWD Mar 2021 Sep 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 19, 2026.

How to read this chart

60‑month range 437.85 TWD – 4,612 TWD · fair‑value band 1,098 TWD – 1,915 TWD · the 4,415 TWD price screens above the 1,559 TWD fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 19, 2026.

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Analysis

MediaTek Inc (2454) currently trades at 4,415 TWD, while our model-based Fair Value estimate is 1,559 TWD, implying the stock looks roughly 183.2% overvalued today. The Quality Score stands at 79/100 (high quality), in the Technology sector. Bull case: the DCF Models group reads highest at a median of 2,092 TWD per share, and 0 of the 26 models we run sit above the 4,415 TWD price. Bear case: the Asset-Based group reads lowest at 168.16 TWD, and 26 of the 26 models stay below the price. Evidence for this calculation is high.

Over the trailing twelve months, MediaTek Inc generated revenue of 592B TWD at a net margin of 16.9%. Revenue declined 2.7% year over year. It earns a return on equity of 25.4%. The balance sheet holds a net cash position of 213B TWD. Fundamentals as of Aug 19, 2026

Our scenario range runs from 1,098 TWD (bear case) to 1,915 TWD (bull case); at 4,415 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 11% below its 52-week high and 298% above its 52-week low, currently above its 200-day average. For context, the median of 10 Technology peers we cover trades at −62% fair-value upside, at −65%, 2454 screens richer than that median.

Fair Value models

This estimate rests on fiscal year 2025 figures, and about 8 months have passed since. In that time the company retained roughly 8.38 TWD per share, which is 0.5 % of the fair value. The fair value deliberately does not add this in: the models value reported figures, not a projection.

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted, family-balanced 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. Every input is real reported data, nothing guessed.

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
FCF DCF best evidence 1,416 TWD 2,608 TWD 4,858 TWD 77
Growth DCF 1,401 TWD 2,488 TWD 4,499 TWD 75
5Y EBITDA Exit 1,228 TWD 2,089 TWD 3,185 TWD 74
All 26 models by family
DCF Models
FCF DCF best evidence 1,416 TWD 2,608 TWD 4,858 TWD 77
Owner Earnings 1,149 TWD 2,092 TWD 3,870 TWD 73
5Y Revenue Exit 941.88 TWD 1,483 TWD 2,214 TWD 72
5Y EBITDA Exit 1,228 TWD 2,089 TWD 3,185 TWD 74
5Y P/E Exit 1,436 TWD 2,529 TWD 3,808 TWD 69
10Y Revenue Exit 1,062 TWD 1,645 TWD 2,538 TWD 66
10Y EBITDA Exit 1,280 TWD 2,106 TWD 3,392 TWD 67
10Y P/E Exit 1,422 TWD 2,440 TWD 3,940 TWD 62
Earnings-Based
Graham-Dodd 448.70 TWD 2,274 TWD 3,140 TWD 64
Lynch FV 617.55 TWD 882.22 TWD 1,147 TWD 61
PEG = 1.0 617.55 TWD 882.22 TWD 1,147 TWD 57
EPV 678.04 TWD 771.69 TWD 854.93 TWD 74
Dividend Discount
Gordon GGM 518.70 TWD 1,132 TWD 1,905 TWD 65
DDM Multi-Stage 518.70 TWD 927.63 TWD 1,180 TWD 66
Multiples
P/E Multiple 1,386 TWD 1,848 TWD 2,309 TWD 63
P/S Multiple 841.31 TWD 1,122 TWD 1,402 TWD 58
P/B Multiple 841.31 TWD 1,122 TWD 1,402 TWD 55
EV/EBIT 1,314 TWD 1,703 TWD 2,092 TWD 66
EV/EBITDA 1,216 TWD 1,572 TWD 1,929 TWD 67
EV/Revenue 737.30 TWD 990.12 TWD 1,243 TWD 54
Asset-Based
NCAV (Graham) 125.49 TWD 168.16 TWD 250.99 TWD 54
Growth DCF
Growth DCF 1,401 TWD 2,488 TWD 4,499 TWD 75
Rev-Margin DCF 941.88 TWD 1,476 TWD 2,186 TWD 72
Economic Profit
Residual Income 409.04 TWD 485.03 TWD 1,451 TWD 66
ROIC Compounder 733.78 TWD 908.23 TWD 1,118 TWD 72
Growth Earnings
Growth-Adj P/E 1,100 TWD 1,572 TWD 2,043 TWD 67

Widest divergence: DCF Models (2,092 TWD) versus Asset-Based (168.16 TWD). Highest evidence: FCF DCF (77).

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Key figures & financial health

P/E ratio 66.7
P/S ratio 11.8 P/E × margin
EPS (TTM) 66.22 TWD price ÷ EPS = P/E 66.7
Dividend yield 1.2% payout 80.8%
Net margin 17.7% FY2025
Return on equity 25.4% TTM
More key figures
Profitability
Return on assets (EBIT) 15.4% avg 5y
Operating margin 15.4% TTM
Growth
Revenue (TTM) 592B TWD TTM
Revenue growth (YoY) −2.7% 3y avg +2.8%
EPS growth (YoY) −17.7%
Balance sheet & cash flow
Free cash flow 143B TWD FY2025
Net cash 213B TWD FY2025

Figures from reported company fundamentals · as of Aug 19, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 79/100

Of which business quality 79 · Market factors (momentum, volatility) 61

Profitability 73
Margins and returns on capital today
Quality Growth 39
Are margins and returns improving?
Cashflow 87
Earnings quality: real cash, not paper profit
Fin. Strength 96
Balance sheet, leverage, solvency risk
Investment 88
Disciplined investing over empire-building
Low Volatility 0
Calm price path (market factor)
Momentum 83
Price trend over the last 3–12 months (market factor)
52W Momentum 93
Distance to the 52-week high (market factor)
Net Issuance 81
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.

All values are scores from 0 to 100 (100 = best against fixed, research-based bands), not percentages. The three market factors (momentum, 52-week proximity, low volatility) are displayed but carry zero weight in the headline number: market sentiment is not a business property.

About the company

MediaTek Inc. engages in the research, development, production, manufacture, and marketing of multimedia integrated circuits (ICs) in Taiwan, rest of Asia, and internationally. The company offers multimedia, computer peripherals oriented, consumer-oriented, and other ICs for various applications.

Full company description

MediaTek Inc. engages in the research, development, production, manufacture, and marketing of multimedia integrated circuits (ICs) in Taiwan, rest of Asia, and internationally. The company offers multimedia, computer peripherals oriented, consumer-oriented, and other ICs for various applications. It also offers design, test runs, maintenance and repair, and technological consultation services for software and hardware solutions; and sale and delegation patents and circuit layout rights for its ICs products. In addition, the company provides research, marketing, and technical services; intellectual property right management services; and general investing services. The company was incorporated in 1997 and is headquartered in Hsinchu City, Taiwan.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

MediaTek Inc reported revenue of 596B TWD in FY2025 versus 493B TWD in FY2021, a compound +4.8%/yr. Reported net income was 105B TWD in FY2025, compounding −1.4%/yr from FY2021.

Growth Quality 98/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Latest Revenue (FY 2025)
596B TWD
Latest YoY
+12.3%
Avg. revenue 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.
+2.8%
Avg. revenue 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.
+13.1%
Avg. revenue growth/yr (24Y) 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.
+16.5%
Value creation/yr (5Y, in TWD) Earnings growth per share (CAGR 5 years) plus dividend yield: value created per share and year. 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.
+21.8% (20.6 + 1.2)
Revenue +4.8%/yr
FY21 493B TWD
FY22 549B TWD
FY23 433B TWD
FY24 531B TWD
FY25 596B TWD
Net income −1.4%/yr
FY21 111B TWD
FY22 118B TWD
FY23 77.0B TWD
FY24 106B TWD
FY25 105B TWD
Character of growth · EPS growth decomposed (2014-2025) +12.7 % p.a.
Revenue per share +9.0 %

of which total revenue +9.3 % · buybacks/dilution −0.2 %

EBIT margin +2.9 %
Tax rate −0.1 %
Residual (interest, one-offs) +0.5 %

Annual growth per factor. These are factors, not summands: multiplied they give the EPS growth rate, added they do not quite. Start and end points are 3-year averages (details on hover).

2454 screens 183% overvalued. Compare with NVIDIA Corporation →

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Cite: Fair Value Calculator (2026). "MediaTek Inc Fair Value". https://www.fairvalue-calculator.com/stock/2454

Peer Group

Semiconductors · 325 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 79 · Top 25%
Fair Value upside −65% · Below median
Return on equity (TTM) 25% · Top 25%
Return on assets 8% · Top 25%
Net margin (TTM) 17% · Above median
Operating margin (TTM) 15% · Above median
Revenue growth −3% · Bottom 25%
Dividend yield (TTM) 1.2% · Above median

Valuation Multiples vs Semiconductors median · lower = cheaper

P/E (TTM) 66.7× · Pricier than median
P/B 14.76× · Pricier than 75% of peers
P/S (TTM) 9.99× · Pricier than 75% of peers
P/FCF 1.3× · Cheaper than median
EV/EBITDA 48.1× · Pricier than 75% of peers
PEG 1.86× · Pricier than median

Strength profile in five axes (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.

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE0 · sector 0
FUTURE0 · sector 65
PAST100 · sector 25
HEALTH100 · sector 96
DIVIDEND24 · sector 18

VALUE 0: the price sits above our fair-value range.

Insider activity: 45/100

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

Similar stocks

10 more Semiconductors stocks, each showing price versus our Fair Value estimate (as of Aug 19, 2026).

Stock Price Fair Value vs Fair Value
NVIDIA Corporation NVDA $227.98 $98.98 −57%
Taiwan Semiconductor Manufacturing Company TSM $427.30 $296.10 −31%
Broadcom Inc AVGO $371.54 $118.27 −68%
SK hynix Inc 000660 1,647,000 KRW 1,481,291 KRW −10%
Micron Technology, Inc MU $932.86 $148.38 −84%
Advanced Micro Devices, Inc AMD $476.67 $55.02 −88%
Intel Corporation INTC $92.09 $35.41 −62%
Texas Instruments Incorporated TXN $266.54 $78.54 −71%
QUALCOMM Incorporated QCOM $164.78 $147.20 −11%
Analog Devices, Inc ADI $354.52 $130.34 −63%

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Frequently asked questions

Is MediaTek Inc (2454) overvalued or undervalued?
As of Aug 19, 2026, our model estimates a fair value of 1,559 TWD versus a price of 4,415 TWD, about −65% upside (overvalued).
What is the fair value of 2454?
Our model-based fair value for MediaTek Inc is 1,559 TWD (as of Aug 19, 2026), built from audited fundamentals. The current price: 4,415 TWD.
What is the quality score of 2454?
MediaTek Inc has a Quality Score of 79/100. 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 MediaTek Inc (2454)?
MediaTek Inc reported trailing-twelve-month revenue of about 592B TWD (latest available figure, as of Aug 19, 2026).
What is the net profit margin of 2454?
The net profit margin of MediaTek Inc is about 16.9%, meaning it keeps roughly 16.9% of revenue as net income. Based on the latest reported figures.
Does MediaTek Inc pay a dividend?
MediaTek Inc currently shows a dividend yield of about 1.21% relative to its recent price (as of Aug 19, 2026).
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