Amulaire Thermal Technology, Inc (2241) Fair Value & Analysis
Consumer Cyclical · TW · Market cap 3.7B TWD
Fair value as of: Jul 23, 2026
From 3 valuation models · updated 18 days ago
Fair value updated Jul 23, 2026, revised from 10.94 TWD to 11.16 TWD (+2.0%) since Jul 7, 2026. Share price −24.1% over the past month.
A solid business, but screening 66% overvalued on our models.
What matters now
- The price sits above even our optimistic bull case (19.22 TWD). The favourable scenario is already priced in.
- The model range is unusually wide (5.02 TWD to 19.22 TWD). The outcome hinges heavily on assumptions, so read the point estimate with caution.
- The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution.
- Solid but not exceptional quality (50/100) and above fair value, neither a clear bargain nor a standout compounder.
Price vs Fair Value (5 years)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 23, 2026.
How to read this chart
60‑month range 21.15 TWD – 71.72 TWD · fair‑value band 5.02 TWD – 19.22 TWD · the 32.60 TWD price screens above the 11.16 TWD fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 23, 2026.
Analysis
Amulaire Thermal Technology, Inc (2241) currently trades at 32.60 TWD, while our model-based Fair Value estimate is 11.16 TWD, implying the stock looks roughly 65.8% overvalued today. The Quality Score stands at 50/100 (solid quality), in the Consumer Cyclical 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: low).
Over the trailing twelve months, Amulaire Thermal Technology, Inc generated revenue of 828M TWD at a net margin of -7.8%. Revenue grew 23.9% year over year. It earns a return on equity of -3.8%. Net debt stands at 359M TWD. Fundamentals as of Jul 23, 2026
Our scenario range runs from 5.02 TWD (bear case) to 19.22 TWD (bull case); at 32.60 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 25% below its 52-week high and 49% above its 52-week low, currently below its 200-day average. For context, the median of 10 Consumer Cyclical peers we cover trades at -44% fair-value upside, at -66%, 2241 screens richer 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.
All 3 models by family
Widest divergence: Asset-Based (8.60 TWD) versus Dividend Discount (7.77 TWD). Highest evidence: Gordon GGM (70).
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Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Jul 23, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 49 · Market factors (momentum, volatility) 57
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
Amulaire Thermal Technology, Inc. engages in the manufacturing and sales of vehicles and electronic components in Taiwan, Germany, China, and Japan.
Full company description
Amulaire Thermal Technology, Inc. engages in the manufacturing and sales of vehicles and electronic components in Taiwan, Germany, China, and Japan. The company offers thermal modules and parts of inverters; heat dissipation systems and parts of high power electronic systems, such as servers and supercomputers; and consumer electronics, including projectors and CPU/GPU. It also provides customization services; thermal and mold-flow simulation analysis, and stress analysis services; and metal injection molding, forging, brazing, and friction stir wedding services. Amulaire Thermal Technology, Inc. was founded in 2011 and is headquartered in New Taipei City, Taiwan.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
Amulaire Thermal Technology, Inc reported revenue of 786M TWD in FY2025 versus 1.1B TWD in FY2021, a compound −8.8%/yr. Reported net income was −73.6M TWD in FY2025.
2241 screens 66% overvalued. Compare with Hyundai Mobis Co →
Peer Group
Auto Parts · 641 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.
Valuation Multiples vs Auto Parts median · lower = cheaper
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: the price sits above our fair-value range.
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.
Similar stocks
10 more Auto Parts stocks, each showing price versus our Fair Value estimate (as of Jul 23, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| Hyundai Mobis Co 012330 | 482,000 KRW | 678,420 KRW | +41% |
| Magna International Inc MGAN | 1,122 MXN | 1,172 MXN | +4% |
| Samvardhana Motherson International Limited MOTHERSON | ₹144.17 | ₹80.63 | -44% |
| Bosch Limited BOSCHLTD | ₹41,110 | ₹14,004 | -66% |
| Bharat Forge Limited BHARATFORG | ₹2,117 | ₹441.74 | -79% |
| Uno Minda Limited UNOMINDA | ₹1,158 | ₹426.57 | -63% |
| Schaeffler India Limited SCHAEFFLER | ₹4,135 | ₹1,412 | -66% |
| Hankook Tire & Technology Co 161390 | 73,600 KRW | 196,479 KRW | +167% |
| MRF Limited MRF | ₹131,025 | ₹125,849 | -4% |
| Sona BLW Precision Forgings Limited SONACOMS | ₹792.00 | ₹207.06 | -74% |
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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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