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Audix Corporation (2459) Fair Value & Analysis

Technology · TW · Market cap 6.9B TWD

AC Audix Corporation 2459 · TW
Price66.10 TWD
Fair Value73.47 TWD
Upside+11.2%
Quality59/100
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Mixed Growth
Solidly profitable · 11.1% net margin
Low debt · generates free cash flow
6.43% dividend yield
Ranks above peers (13/14)
Moderate moat 51/100
Evidence: Medium Range 51.56 TWD – 105.63 TWD Share as image

Fair value as of: Jul 21, 2026

From 24 valuation models · updated 20 days ago

Share price +3.8% over the past month.

A solid business, screening 11% undervalued on our models.

What matters now

  • A fairly wide model range (51.56 TWD to 105.63 TWD) leaves room in how you read the outcome.
  • Our model range runs from 51.56 TWD (bear) to 105.63 TWD (bull), base 73.47 TWD. The closer the price sits to the lower half, the larger the margin of safety.
  • Quality 59/100 (solid quality) with medium evidence: read the verdict with care.
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Price vs Fair Value (5 years)

78.20 TWD 41.69 TWD Fair Value 73.47 TWD Mar 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 21, 2026.

How to read this chart

60‑month range 41.69 TWD – 78.20 TWD · fair‑value band 51.56 TWD – 105.63 TWD · the 66.10 TWD price screens below the 73.47 TWD fair value. Dashed = 300-day average. As of Jul 21, 2026.

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Analysis

Audix Corporation (2459) currently trades at 66.10 TWD, while our model-based Fair Value estimate is 73.47 TWD, implying the stock looks roughly 11.2% undervalued today. The Quality Score stands at 59/100 (solid quality), in the Technology sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: medium), always confirm before acting.

Over the trailing twelve months, Audix Corporation generated revenue of 5.0B TWD at a net margin of 11.1%. Revenue grew 6.4% year over year. It earns a return on equity of 9.5%. Net debt stands at 1.2B TWD. Fundamentals as of Jul 21, 2026

Our scenario range runs from 51.56 TWD (bear case) to 105.63 TWD (bull case); at 66.10 TWD, the current price sits within 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 8% below its 52-week high and 17% above its 52-week low, currently above its 200-day average. For context, the median of 10 Technology peers we cover trades at -73% fair-value upside, at 11%, 2459 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 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
Growth DCF 37.89 TWD 50.08 TWD 70.27 TWD 80
Residual Income 46.73 TWD 51.16 TWD 64.68 TWD 76
Rev-Margin DCF 46.27 TWD 70.43 TWD 99.74 TWD 74
All 24 models by family
DCF Models
FCF DCF 36.43 TWD 49.08 TWD 71.78 TWD 38
Owner Earnings 53.62 TWD 72.57 TWD 106.56 TWD 31
5Y Revenue Exit 46.27 TWD 69.59 TWD 103.54 TWD 39
5Y EBITDA Exit 55.87 TWD 86.20 TWD 126.38 TWD 41
5Y P/E Exit 57.50 TWD 89.03 TWD 126.61 TWD 38
10Y Revenue Exit 40.61 TWD 57.32 TWD 75.50 TWD 36
10Y EBITDA Exit 47.71 TWD 67.36 TWD 88.60 TWD 37
10Y P/E Exit 48.68 TWD 69.08 TWD 88.73 TWD 35
Earnings-Based
Graham-Dodd 35.13 TWD 42.94 TWD 48.31 TWD 54
EPV 34.83 TWD 40.04 TWD 44.54 TWD 59
Dividend Discount
Gordon GGM 35.13 TWD 38.29 TWD 43.06 TWD 70
DDM Multi-Stage 35.13 TWD 43.41 TWD 54.71 TWD 61
Multiples
P/E Multiple 81.38 TWD 108.50 TWD 135.63 TWD 63
P/S Multiple 65.88 TWD 87.84 TWD 109.79 TWD 58
P/B Multiple 65.88 TWD 87.84 TWD 109.79 TWD 55
EV/EBIT 79.70 TWD 105.65 TWD 131.60 TWD 53
EV/EBITDA 80.04 TWD 106.11 TWD 132.17 TWD 54
EV/Revenue 57.41 TWD 81.23 TWD 105.04 TWD 43
Asset-Based
NCAV (Graham) 27.08 TWD 36.28 TWD 54.16 TWD 50
Growth DCF
Growth DCF 37.89 TWD 50.08 TWD 70.27 TWD 80
Rev-Margin DCF 46.27 TWD 70.43 TWD 99.74 TWD 74
Economic Profit
Residual Income 46.73 TWD 51.16 TWD 64.68 TWD 76
ROIC Compounder 34.83 TWD 40.04 TWD 44.54 TWD 72
Growth Earnings
Growth-Adj P/E 57.46 TWD 82.09 TWD 106.72 TWD 68

Widest divergence: Multiples (87.84 TWD) versus Asset-Based (36.28 TWD). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) 5.0B TWD
Revenue growth (YoY) +6.4%
Net margin 11.1%
Return on equity 9.5%
Free cash flow 394M TWD FY2025
P/E ratio 12.6
More key figures
Operating margin 14.9%
EPS (TTM) 5.15 TWD
Dividend yield 6.4%
EPS growth (YoY) +5.2%
Net debt 1.2B TWD FY2025

Figures from reported company fundamentals · as of Jul 21, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 59/100

Of which business quality 57 · Market factors (momentum, volatility) 60

Profitability 40
Margins and returns on capital today
Quality Growth 29
Are margins and returns improving?
Cashflow 46
Earnings quality: real cash, not paper profit
Fin. Strength 77
Balance sheet, leverage, solvency risk
Investment 92
Disciplined investing over empire-building
Low Volatility 99
Calm price path (market factor)
Momentum 41
Price trend over the last 3–12 months (market factor)
52W Momentum 49
Distance to the 52-week high (market factor)
Net Issuance 69
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

Audix Corporation manufactures, markets, trades in, and distributes electronic components in Taiwan and the rest of Asia.

Full company description

Audix Corporation manufactures, markets, trades in, and distributes electronic components in Taiwan and the rest of Asia. The company manufactures electronic components, such as relays, transformers, chokes, and couplers; precision molds and finished products, including precision pressing molds comprising multi-position progressive dies, composite molds, forming molds, and automatic joint riveting dies; precision pressing products, such as precision coupler, automobile switch, relay connection riveting, hearing aid, and assortment of adhesive terminals; and coupler assemblies, as well as coils, electronic special equipment and their spare parts, and anti-electromagnetic interference components. It designs, develops, and manufactures automated production equipment for CCFL and electronics; and equipment and jigs for the assembly of automobile components, as well as offers electronic switches for automobiles. In addition, the company engages in safety standard test certification and electromagnetic compatibility test certification; warehousing business, international trade, entrepot trade, intra-regional trade, and business market consulting; inspection and testing services; design, production, and sales of microcontroller electronic control board and integrated circuit block. Further, it engages in the design of electronic, motor, and electrical product technology, as well as the provision of technical consultation and service; various engineering construction activities; the sale of electronic measuring instruments and home-made products; and the testing of electronic and electrical products. Additionally, it offers services for safety verification and EMC authentication, as well as for the development of software/hardware products; anechoic chamber design and construction services; and chemistry examination services. Audix Corporation was founded in 1980 and is based in Taipei, Taiwan.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Audix Corporation reported revenue of 4.9B TWD in FY2025 versus 7.0B TWD in FY2021, a compound −8.5%/yr. Reported net income was 546M TWD in FY2025, compounding +0.8%/yr from FY2021.

Growth Quality 55/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
4.9B TWD
Latest YoY
−5.0%
Avg. 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.
−14.5%
Avg. 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.
−5.1%
Avg. growth/yr (23Y) 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.
−0.7%
Revenue −8.5%/yr
FY21 7.0B TWD
FY22 7.9B TWD
FY23 7.4B TWD
FY24 5.2B TWD
FY25 4.9B TWD
Net income +0.8%/yr
FY21 529M TWD
FY22 573M TWD
FY23 577M TWD
FY24 562M TWD
FY25 546M TWD
Character of growth · EPS growth decomposed (2014-2025) +4.5 % p.a.
Revenue per share −6.0 pp

of which total revenue −7.0 pp · buybacks/dilution +1.1 pp

EBIT margin +11.5 pp
Tax rate −1.8 pp
Residual (interest, one-offs) +0.8 pp

Absolute contributions in percentage points per year; they sum to the EPS growth rate. Start and end points are 3-year averages (details on hover).

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Cite: Fair Value Calculator (2026). "Audix Corporation Fair Value". https://www.fairvalue-calculator.com/stock/2459

Peer Group

Electronic Components · 625 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 59 · Above median
Fair Value upside +11% · Top 25%
Return on equity (TTM) 10% · Above median
Return on assets 5% · Above median
Net margin (TTM) 11% · Top 25%
Operating margin (TTM) 15% · Top 25%
Revenue growth 6% · Above median
Dividend yield (TTM) 6.4% · Top 25%
Debt / equity 0.16× · Higher than median

Valuation Multiples vs Electronic Components median · lower = cheaper

P/E (TTM) 12.6× · Cheaper than 75% of peers
P/B 1.20× · Cheaper than median
P/S (TTM) 1.38× · Cheaper than median
P/FCF 0.5× · Cheaper than median
EV/EBITDA 7.5× · Cheaper than 75% of peers

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 48 · sector 0
FUTURE 32 · sector 32
PAST 38 · sector 24
HEALTH 92 · sector 95
DIVIDEND 100 · sector 25

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 Electronic Components stocks, each showing price versus our Fair Value estimate (as of Jul 21, 2026).

Stock Price Fair Value vs Fair Value
Delta Electronics, Inc 2308 1,880 TWD 515.23 TWD -73%
Hon Hai Precision Industry Co 2317 242.50 TWD 270.47 TWD +12%
Luxshare Precision Industry Co 002475 ¥62.14 ¥38.44 -38%
Samsung Electro-Mechanics Co 009150 1,260,000 KRW 166,421 KRW -87%
Elite Material Co 2383 4,990 TWD 714.36 TWD -86%
Yageo Corporation 2327 699.00 TWD 216.55 TWD -69%
Shengyi Technology Co 600183 ¥132.29 ¥27.45 -79%
Shennan Circuits Co 002916 ¥364.00 ¥93.50 -74%
Victory Giant Technology (HuiZhou) Co 2476 HK$297.00 HK$103.98 -65%
Wus Printed Circuit (Kunshan) Co 002463 ¥127.80 ¥31.95 -75%

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Frequently asked questions

Is Audix Corporation (2459) overvalued or undervalued?
As of Jul 21, 2026, our model estimates a fair value of 73.47 TWD versus a price of 66.10 TWD, about +11% (undervalued).
What is the fair value of 2459?
Our model-based fair value for Audix Corporation is 73.47 TWD (as of Jul 21, 2026), built from audited fundamentals. The current price is 66.10 TWD.
What is the quality score of 2459?
Audix Corporation has a Quality Score of 59/100. 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 Audix Corporation (2459)?
Audix Corporation reported trailing-twelve-month revenue of about 5.0B TWD (latest available figure, as of Jul 21, 2026).
What is the net profit margin of 2459?
The net profit margin of Audix Corporation is about 11.1%, meaning it keeps roughly 11.1% of revenue as net income. Based on the latest reported figures.
Does Audix Corporation pay a dividend?
Audix Corporation currently shows a dividend yield of about 6.43% relative to its recent price (as of Jul 21, 2026).

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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