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Airtac International Group (1590) Fair Value & Analysis

Industrials · TW · Market cap 273B TWD (≈ $8.6B) · ISIN KYG014081064

What is Airtac International Group really worth?

AI Airtac International Group 1590 · TW
Price1,395 TWD
Fair Value853.70 TWD
Upside−38.8%
Quality71/100

A solid business, but trading 63% above our fair value of 853.70 TWD.

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Strengths

Highly profitable · 25.2% net margin
Low debt · generates free cash flow
Ranks above peers (10/15)
Wide moat 81/100

Risks

!Mixed Growth (revenue 5y +12.4 %/yr)
Evidence: High Range 535.28 TWD – 1,063 TWD

Fair value as of: Aug 13, 2026

From 26 valuation models · updated 22 days ago

Share price −7.6% 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 71/100), 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 (1,063 TWD). The favourable scenario is already priced in.
  • A fairly wide model range (535.28 TWD to 1,063 TWD) leaves room in how you read the outcome.

Price vs Fair Value (5 years)

1,595 TWD 653.00 TWD Fair Value 853.70 TWD Mar 2021 Sep 2026

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 653.00 TWD – 1,595 TWD · fair‑value band 535.28 TWD – 1,063 TWD · the 1,395 TWD price screens above the 853.70 TWD fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 13, 2026.

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Analysis

Airtac International Group (1590) currently trades at 1,395 TWD, while our model-based Fair Value estimate is 853.70 TWD, implying the stock looks roughly 63.4% overvalued today. The Quality Score stands at 71/100 (solid quality), in the Industrials sector. Bull case: the Growth Earnings group reads highest at a median of 1,923 TWD per share, and 7 of the 26 models we run sit above the 1,395 TWD price. Bear case: the Asset-Based group reads lowest at 176.15 TWD, and 19 of the 26 models stay below the price. Evidence for this calculation is high.

Over the trailing twelve months, Airtac International Group generated revenue of 36.2B TWD at a net margin of 25.2%. Revenue grew 23.7% year over year. It earns a return on equity of 18.8%. The balance sheet holds a net cash position of 3.5B TWD. Fundamentals as of Aug 13, 2026

Our scenario range runs from 535.28 TWD (bear case) to 1,063 TWD (bull case); at 1,395 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 13% below its 52-week high and 89% above its 52-week low, currently above its 200-day average. For context, the median of 10 Industrials peers we cover trades at −52% fair-value upside, at −39%, 1590 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 28.41 TWD per share, which is 3.3 % 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
EPV best evidence 422.00 TWD 492.96 TWD 556.04 TWD 74
FCF DCF 454.20 TWD 720.18 TWD 1,590 TWD 72
Growth DCF 429.23 TWD 873.03 TWD 1,618 TWD 72
All 26 models by family
DCF Models
FCF DCF 454.20 TWD 720.18 TWD 1,590 TWD 72
Owner Earnings 698.84 TWD 1,611 TWD 3,611 TWD 67
5Y Revenue Exit 312.47 TWD 515.90 TWD 940.82 TWD 67
5Y EBITDA Exit 617.90 TWD 1,134 TWD 2,147 TWD 69
5Y P/E Exit 644.49 TWD 1,489 TWD 2,653 TWD 65
10Y Revenue Exit 348.06 TWD 717.98 TWD 945.83 TWD 64
10Y EBITDA Exit 586.31 TWD 1,391 TWD 2,830 TWD 61
10Y P/E Exit 606.15 TWD 1,450 TWD 2,867 TWD 57
Earnings-Based
Graham-Dodd 285.59 TWD 1,992 TWD 2,795 TWD 61
Lynch FV 1,029 TWD 1,470 TWD 1,911 TWD 59
PEG = 1.0 1,029 TWD 1,470 TWD 1,911 TWD 55
EPV best evidence 422.00 TWD 492.96 TWD 556.04 TWD 74
Dividend Discount
Gordon GGM 192.47 TWD 420.20 TWD 707.00 TWD 63
DDM Multi-Stage 192.47 TWD 344.21 TWD 437.92 TWD 64
Multiples
P/E Multiple 661.49 TWD 881.98 TWD 1,102 TWD 63
P/S Multiple 257.47 TWD 343.30 TWD 429.12 TWD 58
P/B Multiple 535.49 TWD 713.99 TWD 892.48 TWD 55
EV/EBIT 675.73 TWD 894.35 TWD 1,113 TWD 66
EV/EBITDA 646.96 TWD 855.99 TWD 1,065 TWD 67
EV/Revenue 236.17 TWD 328.86 TWD 421.55 TWD 54
Asset-Based
NCAV (Graham) 131.45 TWD 176.15 TWD 262.91 TWD 54
Growth DCF
Growth DCF 429.23 TWD 873.03 TWD 1,618 TWD 72
Rev-Margin DCF 342.32 TWD 587.52 TWD 1,102 TWD 67
Economic Profit
Residual Income 289.15 TWD 372.91 TWD 1,107 TWD 63
ROIC Compounder 582.25 TWD 884.06 TWD 1,121 TWD 69
Growth Earnings
Growth-Adj P/E 1,346 TWD 1,923 TWD 2,500 TWD 65

Widest divergence: Growth Earnings (1,923 TWD) versus Asset-Based (176.15 TWD). Highest evidence: EPV (74).

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Key figures & financial health

P/E ratio 33.3
P/S ratio 8.14 P/E × margin
EPS (TTM) 41.93 TWD price ÷ EPS = P/E 33.3
Dividend yield 1.5% payout 50.4%
Net margin 24.5% FY2025
Return on equity 18.8% TTM
More key figures
Profitability
Return on assets (EBIT) 16.3% avg 5y
Operating margin 33.2% TTM
Growth
Revenue (TTM) 36.2B TWD TTM
Revenue growth (YoY) +23.7% 3y avg +9.6%
EPS growth (YoY) +38.1%
Balance sheet & cash flow
Free cash flow 4.9B TWD FY2025
Net cash 3.5B TWD FY2025

Figures from reported company fundamentals · as of Aug 13, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 71/100

Of which business quality 68 · Market factors (momentum, volatility) 67

Profitability 66
Margins and returns on capital today
Quality Growth 54
Are margins and returns improving?
Cashflow 54
Earnings quality: real cash, not paper profit
Fin. Strength 85
Balance sheet, leverage, solvency risk
Investment 68
Disciplined investing over empire-building
Low Volatility 43
Calm price path (market factor)
Momentum 71
Price trend over the last 3–12 months (market factor)
52W Momentum 88
Distance to the 52-week high (market factor)
Net Issuance 82
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

Airtac International Group manufactures and sells pneumatic control components in Taiwan and internationally. The company offers preparation units and control components comprising solenoid, pneumatic and flow control, ordinary coils, and other valves.

Full company description

Airtac International Group manufactures and sells pneumatic control components in Taiwan and internationally. The company offers preparation units and control components comprising solenoid, pneumatic and flow control, ordinary coils, and other valves. It also provides actuators, such as standard, mini, compact, slide table, guided, rodless magnetic, clamp, free mount, and rotary table cylinders; air grippers; GA series, GP series, pressure switch, vacuum components, and other series; and cylinder accessories. In addition, the company offers fitting and tubbing accessories, including shock absorbers, stainless steel one-touch fittings, flame resistant tubes, PU tube, and pneumatic indicators, as well as linear guide products. Its products are used in automotive, machinery manufacturing, metallurgy, electronics, rail transit, environmental protection, lighting, textiles, ceramics, medical equipment, food, packaging, and automated industrial sectors. Airtac International Group was founded in 1988 and is headquartered in Taipei City, Taiwan.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Airtac International Group reported revenue of 34.3B TWD in FY2025 versus 25.4B TWD in FY2021, a compound +7.8%/yr. Reported net income was 8.4B TWD in FY2025, compounding +6.9%/yr from FY2021.

Growth Quality 89/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
34.3B TWD
Latest YoY
+12.0%
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.
+9.6%
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.
+12.4%
Avg. revenue growth/yr (18Y) 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.
+15.9%
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.
+12.1% (10.6 + 1.5)
Revenue +7.8%/yr
FY21 25.4B TWD
FY22 26.1B TWD
FY23 29.8B TWD
FY24 30.7B TWD
FY25 34.3B TWD
Net income +6.9%/yr
FY21 6.4B TWD
FY22 6.0B TWD
FY23 7.0B TWD
FY24 7.6B TWD
FY25 8.4B TWD
Character of growth · EPS growth decomposed (2014-2025) +17.1 % p.a.
Revenue per share +13.5 %

of which total revenue +14.6 % · buybacks/dilution −1.0 %

EBIT margin +1.6 %
Tax rate +0.9 %
Residual (interest, one-offs) +0.8 %

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).

1590 screens 63% overvalued. Compare with GE Vernova Inc →

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Cite: Fair Value Calculator (2026). "Airtac International Group Fair Value". https://www.fairvalue-calculator.com/stock/1590

Earlier news

External third-party headlines (Yahoo Finance, Reuters and others), not an editorial selection.

Peer Group

Specialty Industrial Machinery · 792 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 71 · Top 25%
Fair Value upside −39% · Above median
Return on equity (TTM) 19% · Top 25%
Return on assets 12% · Top 25%
Net margin (TTM) 25% · Top 25%
Operating margin (TTM) 33% · Top 25%
Revenue growth 24% · Top 25%
Dividend yield (TTM) 1.5% · Above median

Valuation Multiples vs Specialty Industrial Machinery median · lower = cheaper

P/E (TTM) 33.3× · Pricier than median
P/B 5.19× · Pricier than 75% of peers
P/S (TTM) 7.53× · Pricier than 75% of peers
P/FCF 1.8× · Cheaper than median
EV/EBITDA 19.4× · Pricier than median
PEG 1.94× · 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
FUTURE100 · sector 21
PAST75 · sector 28
HEALTH100 · sector 96
DIVIDEND30 · sector 27

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 Specialty Industrial Machinery stocks, each showing price versus our Fair Value estimate (as of Aug 13, 2026).

Stock Price Fair Value vs Fair Value
GE Vernova Inc GEV $941.84 $131.95 −86%
SIE SIE €289.85 €139.77 −52%
Eaton Corporation ETN $402.78 $168.65 −58%
Parker-Hannifin Corporation PH $995.02 $398.69 −60%
Atlas Copco AB ATCOA kr 206.60 kr 112.59 −46%
Cummins Inc CMI $564.40 $348.94 −38%
Illinois Tool Works Inc ITW $281.67 $145.84 −48%
Emerson Electric Co EMR $155.18 $58.44 −62%
AMETEK, Inc AME $236.25 $125.80 −47%
Rockwell Automation, Inc ROK $417.53 $125.76 −70%

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Frequently asked questions

Is Airtac International Group (1590) overvalued or undervalued?
As of Aug 13, 2026, our model estimates a fair value of 853.70 TWD versus a price of 1,395 TWD, about −39% upside (overvalued).
What is the fair value of 1590?
Our model-based fair value for Airtac International Group is 853.70 TWD (as of Aug 13, 2026), built from audited fundamentals. The current price: 1,395 TWD.
What is the quality score of 1590?
Airtac International Group has a Quality Score of 71/100. 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 Airtac International Group (1590)?
Airtac International Group reported trailing-twelve-month revenue of about 36.2B TWD (latest available figure, as of Aug 13, 2026).
What is the net profit margin of 1590?
The net profit margin of Airtac International Group is about 25.2%, meaning it keeps roughly 25.2% of revenue as net income. Based on the latest reported figures.
Does Airtac International Group pay a dividend?
Airtac International Group currently shows a dividend yield of about 1.52% relative to its recent price (as of Aug 13, 2026).
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