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Airtac International Group (1590) Fair Value & Analysis

Industrials · TW · Market cap 273B TWD

AI Airtac International Group 1590 · TW
Price1,545 TWD
Fair Value853.70 TWD
Upside-44.7%
Quality71/100
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Mixed Growth
Highly profitable · 25.2% net margin
Low debt · generates free cash flow
Mixed vs. peers (8/14)
Wide moat 81/100
Evidence: High Range 567.49 TWD – 1,063 TWD Share as image

Fair value as of: Jul 16, 2026

From 26 valuation models · updated 25 days ago

Share price +14.9% over the past month.

A solid business, but screening 45% overvalued on our models.

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 (567.49 TWD to 1,063 TWD) leaves room in how you read the outcome.
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Price vs Fair Value (5 years)

1,560 TWD 653.00 TWD Fair Value 853.70 TWD Mar 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 16, 2026.

How to read this chart

60‑month range 653.00 TWD – 1,560 TWD · fair‑value band 567.49 TWD – 1,063 TWD · the 1,545 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 Jul 16, 2026.

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Analysis

Airtac International Group (1590) currently trades at 1,545 TWD, while our model-based Fair Value estimate is 853.70 TWD, implying the stock looks roughly 44.7% overvalued today. The Quality Score stands at 71/100 (solid quality), in the Industrials sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: 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 Jul 16, 2026

Our scenario range runs from 567.49 TWD (bear case) to 1,063 TWD (bull case); at 1,545 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 3% below its 52-week high and 110% above its 52-week low, currently above its 200-day average. For context, the median of 10 Industrials peers we cover trades at -48% fair-value upside, at -45%, 1590 screens cheaper than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted 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.

Model BearBaseBull Evidence
Highest evidence
Growth DCF 429.23 TWD 873.03 TWD 1,618 TWD 80
Residual Income 289.15 TWD 372.91 TWD 1,107 TWD 76
Rev-Margin DCF 342.32 TWD 587.52 TWD 1,102 TWD 74
All 26 models by family
DCF Models
FCF DCF 454.20 TWD 720.18 TWD 1,590 TWD 38
Owner Earnings 698.84 TWD 1,611 TWD 3,611 TWD 31
5Y Revenue Exit 312.47 TWD 515.90 TWD 940.82 TWD 39
5Y EBITDA Exit 617.90 TWD 1,134 TWD 2,147 TWD 41
5Y P/E Exit 644.49 TWD 1,489 TWD 2,653 TWD 38
10Y Revenue Exit 348.06 TWD 717.98 TWD 945.83 TWD 36
10Y EBITDA Exit 586.31 TWD 1,391 TWD 2,830 TWD 37
10Y P/E Exit 606.15 TWD 1,450 TWD 2,867 TWD 35
Earnings-Based
Graham-Dodd 285.59 TWD 1,992 TWD 2,795 TWD 54
Lynch FV 1,029 TWD 1,470 TWD 1,911 TWD 50
PEG = 1.0 1,029 TWD 1,470 TWD 1,911 TWD 46
EPV 422.00 TWD 492.96 TWD 556.04 TWD 59
Dividend Discount
Gordon GGM 192.47 TWD 420.20 TWD 707.00 TWD 70
DDM Multi-Stage 192.47 TWD 344.21 TWD 437.92 TWD 61
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 53
EV/EBITDA 646.96 TWD 855.99 TWD 1,065 TWD 54
EV/Revenue 236.17 TWD 328.86 TWD 421.55 TWD 43
Asset-Based
NCAV (Graham) 131.45 TWD 176.15 TWD 262.91 TWD 50
Growth DCF
Growth DCF 429.23 TWD 873.03 TWD 1,618 TWD 80
Rev-Margin DCF 342.32 TWD 587.52 TWD 1,102 TWD 74
Economic Profit
Residual Income 289.15 TWD 372.91 TWD 1,107 TWD 76
ROIC Compounder 582.25 TWD 884.06 TWD 1,121 TWD 72
Growth Earnings
Growth-Adj P/E 1,346 TWD 1,923 TWD 2,500 TWD 68

Widest divergence: Growth Earnings (1,923 TWD) versus Asset-Based (176.15 TWD). Highest evidence: Growth DCF (80).

Key figures & financial health

Revenue (TTM) 36.2B TWD
Revenue growth (YoY) +23.7%
Net margin 25.2%
Return on equity 18.8%
Free cash flow 4.9B TWD FY2025
P/E ratio 32.6
More key figures
Operating margin 33.2%
EPS (TTM) 41.93 TWD
EPS growth (YoY) +38.1%
Net cash 3.5B TWD FY2025

Figures from reported company fundamentals · as of Jul 16, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 71/100

Of which business quality 68 · Market factors (momentum, volatility) 76

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 42
Calm price path (market factor)
Momentum 86
Price trend over the last 3–12 months (market factor)
52W Momentum 97
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.

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. growth/yr (3Y)
+9.6%
Avg. growth/yr (5Y)
+12.4%
Avg. growth/yr (18Y)
+15.9%
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

1590 screens 45% 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 · 809 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 −45% · Below 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%

Valuation Multiples vs Specialty Industrial Machinery median · lower = cheaper

P/E (TTM) 32.6× · Pricier than median
P/B 5.19× · Pricier than 75% of peers
P/S (TTM) 7.53× · Pricier than 75% of peers
P/FCF 1.7× · Cheaper than median
EV/EBITDA 19.4× · Pricier than median
PEG 1.94× · Pricier than median

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.

VALUE 0 · sector 0
FUTURE 100 · sector 23
PAST 75 · sector 28
HEALTH 100 · sector 96
DIVIDEND 0 · sector 24

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

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Specialty Industrial Machinery stocks, each showing price versus our Fair Value estimate (as of Jul 16, 2026).

Stock Price Fair Value vs Fair Value
GE Vernova Inc 1GEV €887.60 €186.93 -79%
1SIE 1SIE €273.20 €91.93 -66%
SMNS SMNS C$31.76 C$22.68 -29%
Eaton Corporation ETN $407.28 $171.92 -58%
Atlas Copco AB ATCOA kr 195.15 kr 112.59 -42%
Sandvik AB SAND kr 384.10 kr 193.01 -50%
Doosan Enerbility Co 034020 76,400 KRW 7,938 KRW -90%
Vestas Wind Systems A/S VWS kr 178.10 kr 124.54 -30%
Zhejiang Sanhua Intelligent Controls Co 002050 ¥43.20 ¥22.68 -48%
NARI Technology Co 600406 ¥22.19 ¥18.71 -16%

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Frequently asked questions

Is Airtac International Group (1590) overvalued or undervalued?
As of Jul 16, 2026, our model estimates a fair value of 853.70 TWD versus a price of 1,545 TWD, about −45% (overvalued).
What is the fair value of 1590?
Our model-based fair value for Airtac International Group is 853.70 TWD (as of Jul 16, 2026), built from audited fundamentals. The current price is 1,545 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 Jul 16, 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.

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

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