Ares International Corp (2471) fair value: what the stock is really worth
As of Nov 9, 2026: fair value (intrinsic value) of Ares International Corp stock TWD 71.73, price TWD 52.10, upside +37.7%, quality 84 out of 100. Rating: undervalued. Calculated from audited financials with 25 of our 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 9, 2026.
How to read this chart
60‑month range 18.91 TWD – 68.90 TWD · fair‑value band 56.20 TWD – 90.28 TWD · the 52.10 TWD price screens below the 71.73 TWD fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 9, 2026.
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Ares International Corp. engages in the design, sale, lease, maintenance, and technology consultation of computer equipment, internet, and related software in Taiwan, Asia, and internationally. The company operates through Commercial, Financial Business, and Project segments.
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It is also involved in analysis, design, modification, installation, and maintenance of application software; investment business; and research, development, and sale of business management software. Ares International Corp. was founded in 1980 and is headquartered in Taipei, Taiwan.
Stock analysis
Ares International Corp (2471) currently trades at 52.10 TWD, while our model-based Fair Value estimate is 71.73 TWD, implying the stock looks roughly 27% undervalued today.
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Valuation
Bull case: the Growth Earnings group reads highest at a median of 80.56 TWD per share, and 17 of the 25 models we run sit above the 52.10 TWD price.
Bear case: the Asset-Based group reads lowest at 14.76 TWD, and 8 of the 25 models stay below the price. Data coverage for this calculation is high.
Scenario range: 56.20 TWD (bear) to 90.28 TWD (bull), the price of 52.10 TWD sits below 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 84/100 (high quality), in the Technology sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
Ares International Corp reported revenue of 1.0B TWD in FY2025 versus 801M TWD in FY2021, a compound +5.7%/yr. Reported net income was 172M TWD in FY2025, compounding +10.7%/yr from FY2021.
Key figures
Market cap 2.5B TWD (≈ $75.1M) Micro · P/E ratio 10.9 · P/S ratio 2.38 · EPS (TTM) 4.77 TWD · Dividend yield 6.4% · Net margin 22.1% · Return on equity 27.5% · Return on assets (EBIT) 9.9% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 78 out of 100 (low confidence).
What moves the price
The share trades about 5% below its 52-week high and 10% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Technology peers we cover trades at 20% fair-value upside, at 38%, 2471 screens cheaper than that median.
Fair Value models
Bear56.20 TWDFair Value 71.73 TWDBull90.28 TWD
Price 52.10 TWD · Upside +37.7%
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 (1.25 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.72/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
+14.0%
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.
+7.6%
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.
+5.3%
Start year 2020 (pandemic). Over 10 years: +5.0% a year
Revenue growth 23 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.
+2.8%
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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.
+18.5%
Earnings growth per share plus dividend.
Earnings per share, growth per year+12.1%
Dividend (yield on the price)6.4%
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.12.1% vs 10.9%, steady
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.15% → 18%
Pace: the 5-year rate starts in 2020 (pandemic)
Growth Forecast
Little optimism in the price
The price assumes less growth than the company has delivered so far.
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).
−5.8%
The company could shrink this much every year for the next five years and today's price would still be justified.
What forecasts expect
n/a
No analyst forecast available.
After inflation (Taiwan: IMF forecast 1.6% a year to 2030, 1.5% from 2016 to 2025) that is about −7.3% a year for the price.
Compare Ares International Corp 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.Information Technology Services · 479 stocks
Beats the industry median on 11/14 measures
Overall it ranks above its industry peers.
Valuation
Quality Score84 · Top 25%
Fair Value upside+37.7% · Above median
Profitability
Return on equity (12 months)27.5% · Top 25%
Return on assets11.1% · Top 25%
Net margin (12 months)22.1% · Top 25%
Operating margin (12 months)19.8% · Top 25%
Growth and dividend
Revenue growth (quarter YoY)3.2% · Below median
Dividend yield (12 months)6.4% · Top 25%
Balance sheet
Debt / equity0.02× · Below median
Valuation Multiplesvs Information Technology Services median · lower = cheaper
P/E (12 months)10.9× · Cheapest 25%
P/B2.61× · Pricier than median
P/S (12 months)2.38× · Pricier than median
Price / free cash flow (fiscal year)9.9× · Cheaper than median
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.
Cite: Fair Value Calculator (2026). "Ares International Corp Fair Value". https://www.fairvalue-calculator.com/stock/2471
Frequently asked questions
Is Ares International Corp (2471) overvalued or undervalued?
As of Nov 9, 2026, our model estimates a fair value of 71.73 TWD versus a price of 52.10 TWD, about +38% upside (undervalued).
What is the fair value of 2471?
Our model-based fair value for Ares International Corp is 71.73 TWD (as of Nov 9, 2026), built from audited fundamentals. The current price: 52.10 TWD.
What is the quality score of 2471?
Ares International Corp has a Quality Score of 84/100. 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 Ares International Corp (2471)?
Our model-based price target is the fair value of 71.73 TWD (as of Nov 9, 2026) from 25 valuation models. Cautious scenario 56.20 TWD, optimistic scenario 90.28 TWD. It is a calculation from audited fundamentals, not an analyst target.
What is the Ares International Corp stock forecast for 2026?
Our models put fair value at 71.73 TWD, about +38% upside versus a price of 52.10 TWD (undervalued). Cautious scenario 56.20 TWD, optimistic scenario 90.28 TWD. The calculation is refreshed regularly with new filings.
What is the revenue of Ares International Corp (2471)?
Ares International Corp reported trailing-twelve-month revenue of about 1.0B TWD (latest available figure, as of Nov 9, 2026).
Does Ares International Corp pay a dividend?
Ares International Corp currently shows a dividend yield of 6.36% relative to its recent price (as of Nov 9, 2026).
How much is the dividend of Ares International Corp (2471) and when is the ex-dividend date?
Ares International Corp pays a dividend of 3.31 TWD per share a year, a dividend yield of 6.4%. The last ex-dividend date was Jul 22, 2026. The payout ratio is 69.4% of earnings. Free cash flow covers the dividend 1.60 times. Our assessment: Sustainable. Payout and cash coverage both look sustainable.
What growth is priced into Ares International Corp (2471)?
For today's price to be fair in a discounted-cash-flow model, Ares International Corp would have to grow free cash flow by -5.8 % per year for five years (discount rate 13.3 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +5.3 % per year. As of Nov 9, 2026.
What discount rate (WACC) does the fair value of 2471 use?
Our models discount Ares International Corp at 13.3 %: a base by market capitalisation (micro), 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 Ares International Corp that is -5.8 % per year for five years, then slowing evenly to 2 % by year ten, using the same discount rate (13.3 %) and the same formula as our fair value.
How much growth has Ares International Corp (2471) delivered so far?
Over the past 5 years revenue at Ares International Corp grew +5.3 % a year. The price currently implies free-cash-flow growth of -5.8 % 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 Ares International Corp (2471) growing?
The median revenue growth in the sector is +11.5 % a year. That is the yardstick for the growth priced into Ares International Corp (-5.8 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Ares International Corp (2471)?
The free-cash-flow yield on the price is 10.14 %: that much free cash flow Ares International Corp produces per unit of market value. When it exceeds the discount rate of our models (13.3 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Ares International Corp (2471)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Ares International Corp it is 71.73 TWD per share (as of Nov 9, 2026), against a price of 52.10 TWD. It is the blended result of 25 valuation models in 8 families (DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings).
Is Ares International Corp stock overvalued or undervalued in 2026?
As of Nov 9, 2026, 2471 trades below its calculated fair value: price 52.10 TWD, fair value 71.73 TWD, a gap of about +38% (undervalued). 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 2471?
No. The price is what the market pays today (52.10 TWD); the fair value is what the company's own numbers justify (71.73 TWD). For Ares International Corp the two are 19.63 TWD per share apart. That gap is exactly why we show both numbers side by side.
How much is Ares International Corp worth?
The market values Ares International Corp at about 2.5B TWD (market capitalisation, as of Nov 9, 2026). Per share that is 52.10 TWD; our models calculate a fair value of 71.73 TWD per share.
What do the bullish and bearish scenarios say about 2471?
Our models span a range for Ares International Corp: cautious scenario 56.20 TWD, base 71.73 TWD, optimistic 90.28 TWD per share (as of Nov 9, 2026, price 52.10 TWD). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 2471?
Ares International Corp trades at a price-to-earnings ratio of 10.9 (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 71.73 TWD is built from several models across several years. Median P/E at fiscal year-end, 10 fiscal years (2016 to 2025), reported earnings: 12.8. Other multiples: P/B 2.6, P/S 2.4, EV/EBITDA 9.2.
How solid is the balance sheet of Ares International Corp (2471)?
Balance-sheet figures for Ares International Corp (as of Nov 9, 2026): return on equity 27.5%, debt of 0.02 per unit of equity. They feed the Quality Score of 84/100, which measures business quality independently of the share price.
How far is 2471 from its 52-week high?
Ares International Corp trades at 52.10 TWD, about 5% below its 52-week high of 54.80 TWD and 10% above the low of 47.20 TWD (as of Nov 9, 2026). Distance from the high says nothing about value: that is what the fair value of 71.73 TWD is for.
Which stocks are comparable to Ares International Corp?
From the same area (Technology) we also value International Business Machines Corporation, Accenture plc, Tata Consultancy Services Limited, Infosys Limited, 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 Ares International Corp stock attractive at the current price?
The data as of Nov 9, 2026: price 52.10 TWD, calculated fair value 71.73 TWD (+38%), Quality Score 84/100, from 25 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 2471 calculated?
We run Ares International Corp through 25 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 71.73 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. Ares International Corp currently trades 27% 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 Ares International Corp (2471)?
The closing price on Nov 9, 2026 was 52.10 TWD. Our model-based fair value is 71.73 TWD, about +38% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Ares International Corp right now?
The rarer combination: high quality (84/100) AND below fair value. That earns a closer look rather than a quick verdict. The price is below even our cautious bear case (56.20 TWD). The market is more pessimistic than our downside scenario.
Where does the earnings growth of Ares International Corp (2471) come from?
Earnings per share at Ares International Corp grew +12.0 % a year from 2014 to 2025. Broken into its drivers: revenue per share +3.6 %, EBIT margin +11.0 %, tax rate −0.4 %, residual (interest, one-offs) −2.3 %. 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 Ares International Corp
How large is the market capitalisation of Ares International Corp (2471)?
The market capitalisation of Ares International Corp is 2.5B TWD (≈ $75.1M). 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 Ares International Corp (2471)?
The price-to-sales ratio of Ares International Corp is 2.38 (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 Ares International Corp (2471)?
Earnings per share at Ares International Corp are 4.77 TWD (price ÷ EPS = P/E 10.9). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Ares International Corp (2471)?
The dividend yield of Ares International Corp is 6.4% (payout 69.4%). 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 Ares International Corp (2471)?
The net margin of Ares International Corp is 22.1% (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 Ares International Corp (2471)?
The return on equity (ROE) of Ares International Corp is 27.5% (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 Ares International Corp (2471)?
On an EBIT basis the return on assets of Ares International Corp is 9.9% (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 Ares International Corp (2471)?
The operating margin of Ares International Corp is 19.8% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Ares International Corp (2471)?
Revenue at Ares International Corp is growing +3.2% versus a year earlier (3y avg +7.6%). 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 Ares International Corp (2471)?
Earnings per share at Ares International Corp are growing +1,000% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net cash does Ares International Corp (2471) hold?
Ares International Corp holds more cash than debt, 672M TWD net (fiscal year 2025). The company holds more cash than debt, a safety cushion.
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Broad data
Nov 9, 2026