Airtac International Group (1590) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of Airtac International Group stock TWD 1,111, price TWD 1,010, upside +10.0%, quality 72 out of 100. Rating: fairly valued. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 7, 2026.
How to read this chart
60‑month range 653.00 TWD – 1,595 TWD · fair‑value band 595.38 TWD – 1,595 TWD · the 1,010 TWD price screens below the 1,111 TWD fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 7, 2026.
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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.
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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.
Stock analysis
Airtac International Group (1590) currently trades at 1,010 TWD, while our model-based Fair Value estimate is 1,111 TWD, so the stock looks roughly fairly valued today (gap 9.1%).
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Valuation
Bull case: the Multiples group reads highest at a median of 867.84 TWD per share, and 2 of the 26 models we run sit above the 1,010 TWD price.
Bear case: the Dividend Discount group reads lowest at 272.87 TWD, and 24 of the 26 models stay below the price. Data coverage for this calculation is high.
Scenario range: 595.38 TWD (bear) to 1,595 TWD (bull), the price of 1,010 TWD sits inside it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 72/100 (solid quality), in the Industrials sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
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.
Key figures
Market cap 202B TWD (≈ $6.2B) Mid · P/E ratio 19.4 · P/S ratio 5.12 · EPS (TTM) 52.03 TWD · Dividend yield 2.8% · Net margin 26.4% · Return on equity 21.1% · Return on assets (EBIT) 16.3% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 85 out of 100 (low confidence).
What moves the price
The share trades about 37% below its 52-week high and 15% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Industrials peers we cover trades at −46% fair-value upside, at 10%, 1590 screens cheaper than that median.
Fair Value models
Bear595.38 TWDFair Value 1,111 TWDBull1,595 TWD
Price 1,010 TWD · Upside +10.0%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models. Based on fiscal year 2025 figures (about 10 months old). Earnings retained since then (20.04 TWD per share) are deliberately not added.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. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Coverage ⓘCoverage = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.82/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
+12.0%
Revenue growth 3 years ⓘ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. Per-share growth (which does include buybacks) is in the value-creation card.
+9.6%
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What shareholders gained per year (last 5 years), in TWD ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate. 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.
+13.7%
Earnings growth per share plus dividend.
Earnings per share, growth per year+10.9%
Dividend (yield on the price)2.8%
Per share before 2021divided by the spin-off factor 1.0117
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.10.9% vs 16.0%, slowing
Profit margin 2020 to 2025 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.35% → 30%
Pace: the 5-year rate starts in 2020 (pandemic)
Growth Forecast
A lot of optimism in the price
The price assumes more growth than the company has delivered so far and more than analysts expect.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
+26.2%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect ⓘAnalysts publish sales forecasts for the next two fiscal years. For the years after that, growth slows evenly to 2 % a year by year ten (2 % is the long-run rate our models use). Projected years are marked as such.
+14.1%
Yearly sales growth analysts expect, extended to five years.
After inflation (Taiwan: IMF forecast 1.6% a year to 2030, 1.5% from 2016 to 2025) that is about +24.2% a year for the price and +12.3% for the forecasts.
AI conclusion: Airtac shows strength in revenue growth from electronics battery and auto demand plus China's manufacturing push and pricing gains versus Japanese rivals yet its main weakness remains exposure to the cyclical industrial machinery market.
Main risk: The cyclical nature of industrial machinery demand could cap the benefits of volume growth and margin improvements from pricing power against Japanese rivals.
Airtac keeps posting strong monthly revenue gains driven by electronics, battery and auto demand plus China's smart manufacturing push. Its brand is also gaining pricing power against Japanese rivals, opening room for better margins on top of volume growth. Will these advantages deliver lasting expansion, or will the cyclical nature of industrial machinery cap the benefits?
Compare Airtac International Group with another stock
Price, fair value, quality and upside side by side.
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Peer Groupⓘ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.Specialty Industrial Machinery · 814 stocks
Beats the industry median on 11/14 measures
Overall it ranks above its industry peers.
Valuation
Quality Score72 · Top 25%
Fair Value upside+10.0% · Above median
Profitability
Return on equity (12 months)21.1% · Top 25%
Return on assets14.6% · Top 25%
Net margin (12 months)26.4% · Top 25%
Operating margin (12 months)35.1% · Top 25%
Growth and dividend
Revenue growth (quarter YoY)35.9% · Top 25%
Dividend yield (12 months)2.8% · Top 25%
Valuation Multiplesvs Specialty Industrial Machinery median · lower = cheaper
P/E (12 months)19.4× · Cheaper than median
P/B3.84× · Priciest 25%
P/S (12 months)5.12× · Priciest 25%
Price / free cash flow (fiscal year)41.5× · Pricier than median
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Cite: Fair Value Calculator (2026). "Airtac International Group Fair Value". https://www.fairvalue-calculator.com/stock/1590
Frequently asked questions
Is Airtac International Group (1590) overvalued or undervalued?
As of Nov 7, 2026, our model estimates a fair value of 1,111 TWD versus a price of 1,010 TWD, about +10% upside (fairly valued).
What is the fair value of 1590?
Our model-based fair value for Airtac International Group is 1,111 TWD (as of Nov 7, 2026), built from audited fundamentals. The current price: 1,010 TWD.
What is the quality score of 1590?
Airtac International Group has a Quality Score of 72/100. 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 price target for Airtac International Group (1590)?
Our model-based price target is the fair value of 1,111 TWD (as of Nov 7, 2026) from 26 valuation models. Cautious scenario 595.38 TWD, optimistic scenario 1,595 TWD. It is a calculation from audited fundamentals, not an analyst target.
What is the Airtac International Group stock forecast for 2026?
Our models put fair value at 1,111 TWD, about +10% upside versus a price of 1,010 TWD (fairly valued). Cautious scenario 595.38 TWD, optimistic scenario 1,595 TWD. The calculation is refreshed regularly with new filings.
What is the revenue of Airtac International Group (1590)?
Airtac International Group reported trailing-twelve-month revenue of about 39.5B TWD (latest available figure, as of Nov 7, 2026).
Does Airtac International Group pay a dividend?
Airtac International Group currently shows a dividend yield of 2.83% relative to its recent price (as of Nov 7, 2026).
How much is the dividend of Airtac International Group (1590) and when is the ex-dividend date?
Airtac International Group pays a dividend of 28.59 TWD per share a year, a dividend yield of 2.8%. The last ex-dividend date was Jul 23, 2026. The payout ratio is 54.9% of earnings. Free cash flow covers the dividend 0.85 times. Our assessment: Watch coverage. The dividend isn’t fully covered by free cash flow or earnings, part of it is funded from reserves or debt. Fine for now, but worth watching: if it stays uncovered, the dividend could be cut.
What growth is priced into Airtac International Group (1590)?
For today's price to be fair in a discounted-cash-flow model, Airtac International Group would have to grow free cash flow by +26.2 % per year for five years (discount rate 10.9 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +12.4 % per year. As of Nov 7, 2026.
What discount rate (WACC) does the fair value of 1590 use?
Our models discount Airtac International Group at 10.9 %: a base by market capitalisation (mid), damped by beta 1.22, country premium for Taiwan. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For Airtac International Group that is +26.2 % per year for five years, then slowing evenly to 2 % by year ten, using the same discount rate (10.9 %) and the same formula as our fair value.
How much growth has Airtac International Group (1590) delivered so far?
Over the past 5 years revenue at Airtac International Group grew +12.4 % a year. The price currently implies free-cash-flow growth of +26.2 % per year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of Airtac International Group (1590) growing?
The median revenue growth in the sector is +7.8 % a year. That is the yardstick for the growth priced into Airtac International Group (+26.2 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Airtac International Group (1590)?
The free-cash-flow yield on the price is 2.41 %: that much free cash flow Airtac International Group produces per unit of market value. When it exceeds the discount rate of our models (10.9 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Airtac International Group (1590)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Airtac International Group it is 1,111 TWD per share (as of Nov 7, 2026), against a price of 1,010 TWD. It is the blended result of 26 valuation models in 8 families (DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings).
Is Airtac International Group stock overvalued or undervalued in 2026?
As of Nov 7, 2026, 1590 trades below its calculated fair value: price 1,010 TWD, fair value 1,111 TWD, a gap of about +10% (fairly valued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of 1590?
No. The price is what the market pays today (1,010 TWD); the fair value is what the company's own numbers justify (1,111 TWD). For Airtac International Group the two are 101.00 TWD per share apart. That gap is exactly why we show both numbers side by side.
How much is Airtac International Group worth?
The market values Airtac International Group at about 202B TWD (market capitalisation, as of Nov 7, 2026). Per share that is 1,010 TWD; our models calculate a fair value of 1,111 TWD per share.
What do the bullish and bearish scenarios say about 1590?
Our models span a range for Airtac International Group: cautious scenario 595.38 TWD, base 1,111 TWD, optimistic 1,595 TWD per share (as of Nov 7, 2026, price 1,010 TWD). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 1590?
Airtac International Group trades at a price-to-earnings ratio of 19.4 (as of Nov 7, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 1,111 TWD is built from several models across several years. Median P/E at fiscal year-end, 10 fiscal years (2016 to 2025), reported earnings, FY2025 ex one-offs: 29.7. Other multiples: PEG 1.1, P/B 3.8, P/S 5.1, EV/EBITDA 12.8.
What is the PEG ratio of 1590?
The PEG ratio of Airtac International Group is 1.14 (P/E divided by earnings growth, as of Nov 7, 2026). That is above 1, so the growth is already paid for in the price.
How solid is the balance sheet of Airtac International Group (1590)?
Balance-sheet figures for Airtac International Group (as of Nov 7, 2026): return on equity 21.1%. They feed the Quality Score of 72/100, which measures business quality independently of the share price.
How far is 1590 from its 52-week high?
Airtac International Group trades at 1,010 TWD, about 37% below its 52-week high of 1,595 TWD and 15% above the low of 875.00 TWD (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of 1,111 TWD is for.
Which stocks are comparable to Airtac International Group?
From the same area (Industrials) we also value SIE, GE Vernova Inc, Eaton Corporation, Parker-Hannifin Corporation, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Airtac International Group stock attractive at the current price?
The data as of Nov 7, 2026: price 1,010 TWD, calculated fair value 1,111 TWD (+10%), Quality Score 72/100, from 26 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of 1590 calculated?
We run Airtac International Group through 26 models from 8 families: DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings. Every model gets the same audited fundamentals; the fair value of 1,111 TWD builds on their evidence-weighted average, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 13.0% above its aggregate fair value. Airtac International Group currently trades 9% below its own fair value, and the market average says nothing about that. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Airtac International Group (1590)?
The closing price on Nov 6, 2026 was 1,010 TWD. Our model-based fair value is 1,111 TWD, about +10% upside (fairly valued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Airtac International Group right now?
The model range is unusually wide (595.38 TWD to 1,595 TWD). The outcome hinges heavily on assumptions, so read the point estimate with caution. The price sits close to our fair value, market and models broadly agree here, little valuation tension.
Where does the earnings growth of Airtac International Group (1590) come from?
Earnings per share at Airtac International Group grew +17.1 % a year from 2014 to 2025. Broken into its drivers: revenue per share +13.5 %, EBIT margin +1.6 %, tax rate +0.9 %, residual (interest, one-offs) +0.8 %. The four rates multiply to the earnings growth rate, they do not add up. Start and end are three-year averages so a single exceptional year does not distort the result.
Key figures of Airtac International Group
How large is the market capitalisation of Airtac International Group (1590)?
The market capitalisation of Airtac International Group is 202B TWD (≈ $6.2B). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Airtac International Group (1590)?
The price-to-sales ratio of Airtac International Group is 5.12 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Airtac International Group (1590)?
Earnings per share at Airtac International Group are 52.03 TWD (price ÷ EPS = P/E 19.4). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Airtac International Group (1590)?
The dividend yield of Airtac International Group is 2.8% (payout 54.9%). Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of Airtac International Group (1590)?
The net margin of Airtac International Group is 26.4% (last twelve months). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Airtac International Group (1590)?
The return on equity (ROE) of Airtac International Group is 21.1% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Airtac International Group (1590)?
On an EBIT basis the return on assets of Airtac International Group is 16.3% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Airtac International Group (1590)?
The operating margin of Airtac International Group is 35.1% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Airtac International Group (1590)?
Revenue at Airtac International Group is growing +35.9% versus a year earlier (3y avg +9.6%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Airtac International Group (1590)?
Earnings per share at Airtac International Group are growing +62.6% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net cash does Airtac International Group (1590) hold?
Airtac International Group holds more cash than debt, 3.5B TWD net (fiscal year 2025). The company holds more cash than debt, a safety cushion.
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Broad data
Nov 7, 2026