Nan Ya Printed Circuit Board Corp (8046) Fair Value & Analysis

Technology · TW · Market cap 785B TWD (≈ $24.7B) · ISIN TW0008046004

What is Nan Ya Printed Circuit Board Corp really worth?

What runs behind every stock

26 valuation models 8 families, DCF to NCAV 37 quality factors margins, balance sheet, cashflow, debt 6 AI factors moat, what no ratio measures 2,000+ data points verified, per stock, median

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

What matters now

• The price is below even our cautious bear case (1,692 TWD). The market is more pessimistic than our downside scenario.
• Solid quality (67/100) at a price below fair value, the discount is the argument here, not the business quality.

Price vs Fair Value (5 years)

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 13, 2026.

How to read this chart

60‑month range 76.60 TWD – 1,415 TWD · fair‑value band 1,692 TWD – 2,664 TWD · the 1,055 TWD price screens below the 1,920 TWD fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). 1 fiscal year is left out: there the valuation rested on only a fraction of the usual models. Dashed = 300-day average. As of Aug 13, 2026.

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Analysis

Nan Ya Printed Circuit Board Corp (8046) currently trades at 1,055 TWD, while our model-based Fair Value estimate is 1,920 TWD, implying the stock looks roughly 45.1% undervalued today. The Quality Score stands at 67/100 (solid quality), in the Technology sector. How firm this estimate is: it rests on 25 models at a data quality of 95/100, which puts the evidence level at medium.

Over the trailing twelve months, Nan Ya Printed Circuit Board Corp generated revenue of 42.9B TWD at a net margin of 7.1%. Revenue grew 32.1% year over year. It earns a return on equity of 6.6%. The balance sheet holds a net cash position of 6.4B TWD. Fundamentals as of Aug 13, 2026

Our scenario range runs from 1,692 TWD (bear case) to 2,664 TWD (bull case); at 1,055 TWD, the current price sits below 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 last reported earnings sit well below what analysts expect (earnings in transition, for example after write-downs or an earnings dip); whether the stock is cheap or expensive hinges on the expected recovery actually arriving. Read the fair value with that caveat. The share trades near its 52-week high, currently above its 200-day average. For context, the median of 10 Technology peers we cover trades at −62% fair-value upside, at 82%, 8046 screens cheaper 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 0.7038 TWD per share, which is 0.0 % 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.

Widest divergence: Growth Earnings (69.20 TWD) versus Dividend Discount (15.11 TWD). Highest evidence: FCF DCF (82).

Key figures & financial health

Quality Score breakdown

About the company

Nan Ya Printed Circuit Board Corporation manufactures and sells printed circuit boards (PCBs) in Taiwan, the United States, Mainland China, Korea, and internationally.

Full company description

Nan Ya Printed Circuit Board Corporation manufactures and sells printed circuit boards (PCBs) in Taiwan, the United States, Mainland China, Korea, and internationally. It offers conventional PCBs that are used in the motherboards of desktops and notebooks, and home electrical appliances; high density connector boards that are used in smartphones, game consoles, navigation systems, GPS, PDAs, automobile appliances, and MP3 players; and soft and hard composite boards used in high-end handheld devices and notebook computers. The company also provides flip chip substrates comprising pin/land grid arrays for microprocessors; and ball grid arrays for graphic chips, northbridge chipsets, high-end ASIC chipsets, and digital TV chipsets. In addition, it offers wire bond substrates for MCP, southbridge chipsets, communication, and networking applications, as well as for use in memory, portable devices, handsets, consumer electronics, and PC peripheral devices. Further, the company provides electronic product sales and investment; ABF (Ajinomoto Build-upFilm) substrate, and PP (Prepreg) substrate businesses. The company was founded in 1997 and is headquartered in Taipei City, Taiwan. Nan Ya Printed Circuit Board Corporation operates as a subsidiary of Nan Ya Plastics Corporation.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Nan Ya Printed Circuit Board Corp reported revenue of 40.2B TWD in FY2025 versus 52.2B TWD in FY2021, a compound −6.4%/yr. Reported net income was 1.9B TWD in FY2025, compounding −34.5%/yr from FY2021.

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Peer Group

Electronic Components · 638 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.

Valuation Multiples vs Electronic Components median · lower = cheaper

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.

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

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