EN DE
Watch Amax Hldg Co Ltd for free: we tell you when fair value or trend changes.
Data-driven stock valuation

Amax Hldg Co Ltd (6933) fair value: what the stock is really worth

As of Nov 9, 2026: fair value (intrinsic value) of Amax Hldg Co Ltd stock TWD 66.24, price TWD 337, that is 80.3% below the price, quality 47 out of 100. Rating: strongly overvalued. Calculated from audited financials with 17 of our 26 valuation models and 37 quality factors, updated daily.

  1. Keep an eye on it?Free in your watchlist: 5 stocks without an account, 10 with one Yes, for free

Technology TW · Based in US

AH Amax Hldg Co Ltd logo Thin data Nov 9, 2026

Amax Hldg Co Ltd

6933 · TW
Very expensive, weak quality

Our calculation puts a fair price 80% below what the stock costs today.

Low debt
Last quarter vs. a year ago: revenue +40%, profit +66%.
Quality 47/100
Expensive Growth (revenue 5y +15.4 %/yr in TWD)
Thin margins · 4.5% net margin (TTM)
0.7% dividend yield · Token dividend
Mixed vs. peers (6/13)
Fair value 66.24 TWD · Strongly overvalued
Negative free cash flow
Narrow moat 44/100
Thin data
Extreme value
Watch Amax Hldg Co Ltd for free: we tell you when fair value or trend changes. Watch for free

What runs behind every stock

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

Price vs Fair Value

451.50 TWD 112.40 TWD Fair Value 66.24 TWD Nov 2023 Nov 2026

White line = price, green steps = our fair value per fiscal year. As of Nov 9, 2026.

How to read this chart

36‑month range 112.40 TWD – 451.50 TWD · fair‑value band 45.72 TWD – 99.64 TWD · the 336.50 TWD price screens above the 66.24 TWD fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 9, 2026.

Follow Amax Hldg Co in your weekly email

Every Wednesday you see whether Amax Hldg Co is on track or worth a review, plus price against fair value. Free, up to 3 stocks.

We send you a confirmation link. Unsubscribe with one click.

Which stocks are undervalued right now? Check free Discover now →

Company profile

Amax Holding Co., Ltd. engages in the provision of advanced computing solutions in AI servers and HPC in Asia, the United States, and Europe.

Show moreShow less

The company offers AI data center solutions, such as custom, computing solutions for AI, industrial applications, and cooling technologies; edge AI solutions for AI and server technologies for insights; and liquid cooled solutions, including single-phase cold plate, liquid-to-liquid cooling, immersion cooling, data center cooling, liquidmax workstations, and liquid-to-air cooling.

It also provides workstation solutions comprising liquidmax, AR/VR, education, engineering, AI, and media and entertainment; original equipment manufacturing, cooling design, HPC system design, iso and compliance, cluster architecture, and gpu test drive services; and AMAX products, a vertically integrated AI infrastructure provider.

Its products are used in AI and LLM, cloud service providers, semiconductor, healthcare, higher education, telecommunications, federal government, multimedia and entertainment, and manufacturing industries. Amax Holding Co., Ltd. was founded in 1979 and is headquartered in Fremont, California.

Stock analysis

Amax Hldg Co Ltd (6933) currently trades at 336.50 TWD, while our model-based Fair Value estimate is 66.24 TWD, 80% below the price, so the stock looks overvalued today.

Show more

Valuation

Bull case: the Multiples group reads highest at a median of 139.45 TWD per share, and 0 of the 17 models we run sit above the 336.50 TWD price.

Bear case: the Dividend Discount group reads lowest at 23.50 TWD, and 17 of the 17 models stay below the price. Data coverage for this calculation is low.

Scenario range: 45.72 TWD (bear) to 99.64 TWD (bull), the price of 336.50 TWD sits above 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 47/100 (below-average quality), in the Technology sector.

Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.

Amax Hldg Co Ltd reported revenue of 7.0B TWD in FY2025 versus 5.2B TWD in FY2021, a compound +7.6%/yr. Reported net income was 213M TWD in FY2025, compounding −3.9%/yr from FY2021.

Key figures

Market cap 17.3B TWD (≈ $528M) Small · P/E ratio 40.5 · P/S ratio 2.28 · EPS (TTM) 8.31 TWD · Dividend yield 0.7% · Net margin 4.5% · Return on equity 15.0% · Return on assets (EBIT) 7.5% (5-year average).

Competitive moat

Our AI-assisted moat analysis scores the competitive advantage at 44 out of 100 (medium confidence).

What moves the price

The share trades about 25% below its 52-week high and 179% above its 52-week low, currently above its 200-day average.

For context, the median of 10 Technology peers we cover trades at −6% fair-value upside, at −80%, 6933 screens richer than that median.

Fair Value models

The price assumes far more growth than our models allow for, so the models scatter widely (22.78 TWD to 324.09 TWD). Read the Fair Value as a cautious anchor, not a price target; the Growth Forecast section shows what the price assumes.
Bear 45.72 TWD Fair Value 66.24 TWD Bull 99.64 TWD
Price 336.50 TWD · Downside -80.3%
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 (4.98 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.
Best data coverage
Owner Earnings 45.72 TWD 66.24 TWD 99.64 TWD 76
Residual Income 42.47 TWD 45.01 TWD 50.21 TWD 76
EPV 52.30 TWD 56.25 TWD 59.48 TWD 74
All 17 models by family
DCF Models
Owner Earnings 45.72 TWD 66.24 TWD 99.64 TWD 76
Earnings-Based
Graham-Dodd 34.15 TWD 202.58 TWD 282.18 TWD 63
Lynch FV 57.57 TWD 82.25 TWD 106.92 TWD 61
PEG = 1.0 57.57 TWD 82.25 TWD 106.92 TWD 57
EPV 52.30 TWD 56.25 TWD 59.48 TWD 74
Dividend Discount
Gordon GGM 14.22 TWD 24.22 TWD 31.85 TWD 68
DDM Multi-Stage 14.22 TWD 22.78 TWD 26.02 TWD 67
Multiples
P/E Multiple 105.45 TWD 140.60 TWD 175.75 TWD 63
P/S Multiple 64.02 TWD 85.36 TWD 106.70 TWD 58
P/B Multiple 243.07 TWD 324.09 TWD 405.11 TWD 55
EV/EBIT 105.52 TWD 139.81 TWD 174.09 TWD 66
EV/EBITDA 104.97 TWD 139.08 TWD 173.18 TWD 67
EV/Revenue 54.67 TWD 76.95 TWD 99.24 TWD 54
Asset-Based
NCAV (Graham) 30.11 TWD 45.62 TWD 57.02 TWD 54
Economic Profit
Residual Income 42.47 TWD 45.01 TWD 50.21 TWD 76
ROIC Compounder 52.30 TWD 58.85 TWD 66.67 TWD 72
Growth Earnings
Growth-Adj P/E 97.17 TWD 138.82 TWD 180.46 TWD 67

Open the full fair value analysis →

Quality Score breakdown

Overall quality 47/100

It rates the business: profits, how they develop, real cash, balance sheet, investing and share count.

Profitability 49
How much profit the company makes from its sales and capital
Quality Growth 70
Are margins and returns getting better?
Cashflow 0
Do the profits arrive as real cash?
Financial strength 84
Debt, balance sheet and risk of trouble
Investment 33
Does it invest with discipline instead of growing at any price?
Low Volatility 26
How calm the share price moves, does not count
Price momentum 100
Price momentum of the last 3 to 12 months, does not count
Near the 52-week high 83
Distance to the 52-week high, does not count
New shares 49
Buys back shares or issues new ones?

Open the full quality analysis →

Revenue & earnings trend

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. 62/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
+27.2%
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.
+1.2%
Revenue growth 5 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.
+15.4%
Start year 2020 (pandemic)
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.
−5.4%
Earnings growth per share plus dividend.
Earnings per share, growth per year−6.1%
Dividend (yield on the price)0.7%
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.0% → 4%

6933 screens overvalued: fair value 80% below the price. Compare with Dell Technologies Inc →

Compare Amax Hldg Co Ltd with another stock

Price, fair value, quality and upside side by side.

Free, no sign-up

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.Computer Hardware · 213 stocks

Beats the industry median on 5/12 measures
A mixed picture versus its industry peers.
Valuation
Quality Score 47 · Below median
Fair Value upside −80.3% · Bottom 25%
Profitability
Return on equity (12 months) 15.0% · Above median
Return on assets 5.3% · Above median
Net margin (12 months) 4.5% · Above median
Operating margin (12 months) 14.1% · Top 25%
Growth and dividend
Revenue growth (quarter YoY) 40.4% · Above median
Dividend yield (12 months) 0.7% · Bottom 25%

Valuation Multiplesvs Computer Hardware median · lower = cheaper

P/E (12 months) 40.5× · Priciest 25%
P/B 7.57× · Priciest 25%
P/S (12 months) 2.28× · Pricier than median
EV/EBITDA 29.2× · Priciest 25%

Strength profile in five axes (Snowflake)

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE (fair-value potential)0 · sector 8
FUTURE (revenue growth)100 · sector 84
PAST (return on equity)60 · sector 33
HEALTH (low debt)100 · sector 97
DIVIDEND (yield)15 · sector 50

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

Context: sector, industry, market

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 Computer Hardware stocks, each showing price versus our Fair Value estimate.

Stock Price Fair Value vs Fair Value Compare
HP Inc HPQ $28.46 $52.85 +86% vs 6933
Lenovo Group 0992 HK$19.41 HK$33.69 +74% vs 6933
Hangzhou Hikvision Digital Technology Co 002415 ¥35.25 ¥46.76 +33% vs 6933
Sandisk Corporation SNDK $835.06 $789.73 −5% vs 6933
Arista Networks, Inc ANET $170.80 $160.68 −6% vs 6933
Quanta Computer Inc 2382 296.50 TWD 213.20 TWD −28% vs 6933
Western Digital Corporation WDC $263.78 $175.91 −33% vs 6933
Dell Technologies Inc DELL $328.53 $195.72 −40% vs 6933
Everpure, Inc P $96.75 $57.04 −41% vs 6933
Seagate Technology Holdings STX $460.99 $208.25 −55% vs 6933

Explore undervalued stocks

More undervalued Technology stocks →

Try a ready-made strategy

Pick a strategy and jump into the live analysis with that exact screen applied.

🥇 Backtested Best 🏆 Big Names 💎 Quality on Sale 🚀 Profitable Growth 🧊 Quality Compounders 💵 Dividend Stars 📈 Strong Momentum 📉 Fallen Angels ⚖️ Deeply Undervalued 🔍 Small-Cap Gems 🏰 Moat at a Fair Price 💼 Insider Buying 🎩 Buffett-Style Quality 📚 Peter Lynch GARP 🧮 Greenblatt Magic Formula 🛡️ Graham Defensive

Discover tools

For bloggers & editors: embed code + live data

For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.

Amax Hldg Co Ltd: fair value per Fair Value Calculator

Cite: Fair Value Calculator (2026). "Amax Hldg Co Ltd Fair Value". https://www.fairvalue-calculator.com/stock/6933

Frequently asked questions

Is Amax Hldg Co Ltd (6933) overvalued or undervalued?
As of Nov 9, 2026, our model estimates a fair value of 66.24 TWD versus a price of 336.50 TWD, about 80% lower (overvalued).
What is the fair value of 6933?
Our model-based fair value for Amax Hldg Co Ltd is 66.24 TWD (as of Nov 9, 2026), built from audited fundamentals. The current price: 336.50 TWD.
What is the quality score of 6933?
Amax Hldg Co Ltd has a Quality Score of 47/100. 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 Amax Hldg Co Ltd (6933)?
Our model-based price target is the fair value of 66.24 TWD (as of Nov 9, 2026) from 17 valuation models. Cautious scenario 45.72 TWD, optimistic scenario 99.64 TWD. It is a calculation from audited fundamentals, not an analyst target.
What is the Amax Hldg Co Ltd stock forecast for 2026?
Our models put fair value at 66.24 TWD, about 80% lower versus a price of 336.50 TWD (overvalued). Cautious scenario 45.72 TWD, optimistic scenario 99.64 TWD. The calculation is refreshed regularly with new filings.
What is the revenue of Amax Hldg Co Ltd (6933)?
Amax Hldg Co Ltd reported trailing-twelve-month revenue of about 7.6B TWD (latest available figure, as of Nov 9, 2026).
Does Amax Hldg Co Ltd pay a dividend?
Amax Hldg Co Ltd currently shows a dividend yield of 0.74% relative to its recent price (as of Nov 9, 2026).
How much is the dividend of Amax Hldg Co Ltd (6933) and when is the ex-dividend date?
Amax Hldg Co Ltd pays a dividend of 2.50 TWD per share a year, a dividend yield of 0.7%. The last ex-dividend date was Jul 15, 2026. The payout ratio is 30.1% of earnings. Our assessment: Token dividend. At a yield of 0.7% the dividend is symbolic. On paper it is not fully covered by earnings or free cash flow, but at this size that hardly matters: even scrapping it entirely would cost less than 0.7% a year, and coverage ratios on amounts this small swing with ordinary working-capital movements. Judge this company on its business, not on its dividend.
What is the intrinsic value of Amax Hldg Co Ltd (6933)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Amax Hldg Co Ltd it is 66.24 TWD per share (as of Nov 9, 2026), against a price of 336.50 TWD. It is the blended result of 17 valuation models in 7 families (DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Economic Profit, Growth Earnings).
Is Amax Hldg Co Ltd stock overvalued or undervalued in 2026?
As of Nov 9, 2026, 6933 trades above its calculated fair value: price 336.50 TWD, fair value 66.24 TWD, a gap of about −80% (overvalued). 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 6933?
No. The price is what the market pays today (336.50 TWD); the fair value is what the company's own numbers justify (66.24 TWD). For Amax Hldg Co Ltd the two are 270.26 TWD per share apart. That gap is exactly why we show both numbers side by side.
How much is Amax Hldg Co Ltd worth?
The market values Amax Hldg Co Ltd at about 17.3B TWD (market capitalisation, as of Nov 9, 2026). Per share that is 336.50 TWD; our models calculate a fair value of 66.24 TWD per share.
What do the bullish and bearish scenarios say about 6933?
Our models span a range for Amax Hldg Co Ltd: cautious scenario 45.72 TWD, base 66.24 TWD, optimistic 99.64 TWD per share (as of Nov 9, 2026, price 336.50 TWD). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 6933?
Amax Hldg Co Ltd trades at a price-to-earnings ratio of 40.5 (as of Nov 9, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 66.24 TWD is built from several models across several years. Other multiples: P/B 7.6, P/S 2.3, EV/EBITDA 29.2.
How solid is the balance sheet of Amax Hldg Co Ltd (6933)?
Balance-sheet figures for Amax Hldg Co Ltd (as of Nov 9, 2026): return on equity 15.0%. They feed the Quality Score of 47/100, which measures business quality independently of the share price.
How far is 6933 from its 52-week high?
Amax Hldg Co Ltd trades at 336.50 TWD, about 25% below its 52-week high of 451.50 TWD and 179% above the low of 120.62 TWD (as of Nov 9, 2026). Distance from the high says nothing about value: that is what the fair value of 66.24 TWD is for.
Which stocks are comparable to Amax Hldg Co Ltd?
From the same area (Technology) we also value Dell Technologies Inc, Arista Networks, Inc, Sandisk Corporation, Seagate Technology Holdings, 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 Amax Hldg Co Ltd stock attractive at the current price?
The data as of Nov 9, 2026: price 336.50 TWD, calculated fair value 66.24 TWD (−80%), Quality Score 47/100, from 17 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 6933 calculated?
We run Amax Hldg Co Ltd through 17 models from 7 families: DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Economic Profit, Growth Earnings. Every model gets the same audited fundamentals; the fair value of 66.24 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 13.3% above its aggregate fair value. Amax Hldg Co Ltd itself currently trades above fair value. 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 Amax Hldg Co Ltd (6933)?
The closing price on Nov 9, 2026 was 336.50 TWD. Our model-based fair value is 66.24 TWD, about 80% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Amax Hldg Co Ltd right now?
The price sits above even our optimistic bull case (99.64 TWD). The favourable scenario is already priced in. Weak quality (47/100) and above fair value at the same time, the margin of safety is missing on both counts. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution. A fairly wide model range (45.72 TWD to 99.64 TWD) leaves room in how you read the outcome.

Key figures of Amax Hldg Co Ltd

How large is the market capitalisation of Amax Hldg Co Ltd (6933)?
The market capitalisation of Amax Hldg Co Ltd is 17.3B TWD (≈ $528M). 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 Amax Hldg Co Ltd (6933)?
The price-to-sales ratio of Amax Hldg Co Ltd is 2.28 (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 Amax Hldg Co Ltd (6933)?
Earnings per share at Amax Hldg Co Ltd are 8.31 TWD (price ÷ EPS = P/E 40.5). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Amax Hldg Co Ltd (6933)?
The dividend yield of Amax Hldg Co Ltd is 0.7% (payout 30.1%). 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 Amax Hldg Co Ltd (6933)?
The net margin of Amax Hldg Co Ltd is 4.5% (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 Amax Hldg Co Ltd (6933)?
The return on equity (ROE) of Amax Hldg Co Ltd is 15.0% (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 Amax Hldg Co Ltd (6933)?
On an EBIT basis the return on assets of Amax Hldg Co Ltd is 7.5% (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 Amax Hldg Co Ltd (6933)?
The operating margin of Amax Hldg Co Ltd is 14.1% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Amax Hldg Co Ltd (6933)?
Revenue at Amax Hldg Co Ltd is growing +40.4% versus a year earlier (3y avg +1.2%). 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 Amax Hldg Co Ltd (6933)?
Earnings per share at Amax Hldg Co Ltd are growing +65.6% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Amax Hldg Co Ltd (6933) generate?
The free cash flow of Amax Hldg Co Ltd is −1.1B TWD (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net cash does Amax Hldg Co Ltd (6933) hold?
Amax Hldg Co Ltd holds more cash than debt, 113M TWD net (fiscal year 2025). The company holds more cash than debt, a safety cushion.
Free · no account needed

Watch Amax Hldg Co Ltd in the live analysis

One click puts Amax Hldg Co Ltd on your watchlist: fair value and trend at a glance, plus comparison, the diversification check and the 27,000+ stock screener.

Watch for free →

Zero risk: nothing is ever charged. Your watchlist is yours, with or without an account.