MediaTek Inc

2454: XTAI (TWN)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	TWD 5,957.00	Rmzqhm	Bvsprym

MediaTek’s Q3 Operating Figures Met Expectations. Premium Line-up Sustains 5G Momentum Into 2022.

Phelix Lee

Oct 27, 2021

We maintain our fair value estimate for MediaTek at TWD 1,730 per share, corresponding to 22.4 times 2022 P/E. Our 2022 to 2025 forecasts are unchanged even though we have slightly increased our 2021 assumptions to account for earlier price improvement in 5G system-on-chips, or SoCs.

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