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Ares International Corp (2471) Fair Value & Analysis

Technology · TW · Market cap 2.3B TWD

AI Ares International Corp 2471 · TW
Price49.50 TWD
Fair Value69.99 TWD
Upside+41.4%
Quality82/100
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Mixed Growth
Solidly profitable · 17.6% net margin
Low debt · generates free cash flow
6.37% dividend yield
Ranks above peers (11/14)
Moderate moat 57/100
Evidence: High Range 54.52 TWD – 83.94 TWD Share as image

Fair value as of: Jul 23, 2026

From 23 valuation models · updated 18 days ago

Share price −7.0% over the past month.

A strong business, screening 41% undervalued on our models.

What matters now

  • The rarer combination: high quality (82/100) AND below fair value. That earns a closer look rather than a quick verdict.
  • The price is below even our cautious bear case (54.52 TWD). The market is more pessimistic than our downside scenario.
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Price vs Fair Value (5 years)

68.90 TWD 18.91 TWD Fair Value 69.99 TWD Mar 2021 Aug 2026

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 18.91 TWD – 68.90 TWD · fair‑value band 54.52 TWD – 83.94 TWD · the 49.50 TWD price screens below the 69.99 TWD fair value. Dashed = 300-day average. As of Jul 23, 2026.

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Analysis

Ares International Corp (2471) currently trades at 49.50 TWD, while our model-based Fair Value estimate is 69.99 TWD, implying the stock looks roughly 41.4% undervalued today. The Quality Score stands at 82/100 (high 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: high), always confirm before acting.

Over the trailing twelve months, Ares International Corp generated revenue of 1.0B TWD at a net margin of 17.2%. Revenue grew 11.5% year over year. It earns a return on equity of 18.4%. The balance sheet holds a net cash position of 672M TWD. Fundamentals as of Jul 23, 2026

Our scenario range runs from 54.52 TWD (bear case) to 83.94 TWD (bull case); at 49.50 TWD, the current price sits below 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 15% below its 52-week high and 5% above its 52-week low, currently below its 200-day average. For context, the median of 10 Technology peers we cover trades at -25% fair-value upside, at 41%, 2471 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 69.21 TWD 89.36 TWD 115.59 TWD 80
Residual Income 22.89 TWD 30.14 TWD 97.06 TWD 76
Rev-Margin DCF 54.65 TWD 72.65 TWD 92.04 TWD 74
All 23 models by family
DCF Models
FCF DCF 67.79 TWD 89.53 TWD 119.07 TWD 38
Owner Earnings 54.21 TWD 70.42 TWD 92.44 TWD 31
5Y Revenue Exit 54.65 TWD 71.84 TWD 92.60 TWD 39
5Y EBITDA Exit 57.28 TWD 76.48 TWD 97.57 TWD 41
5Y P/E Exit 64.18 TWD 88.70 TWD 112.88 TWD 38
10Y Revenue Exit 58.33 TWD 74.35 TWD 93.50 TWD 36
10Y EBITDA Exit 60.88 TWD 77.41 TWD 97.02 TWD 37
10Y P/E Exit 65.09 TWD 85.46 TWD 107.89 TWD 35
Earnings-Based
Graham-Dodd 24.71 TWD 56.50 TWD 72.44 TWD 54
PEG = 1.0 9.41 TWD 13.45 TWD 17.48 TWD 46
EPV 42.72 TWD 47.20 TWD 51.06 TWD 59
Multiples
P/E Multiple 54.52 TWD 72.69 TWD 90.86 TWD 63
P/S Multiple 39.68 TWD 52.91 TWD 66.14 TWD 58
P/B Multiple 44.97 TWD 59.96 TWD 74.95 TWD 55
EV/EBIT 65.59 TWD 82.67 TWD 99.74 TWD 53
EV/EBITDA 56.19 TWD 70.13 TWD 84.07 TWD 54
EV/Revenue 48.89 TWD 63.69 TWD 78.49 TWD 43
Asset-Based
NCAV (Graham) 9.99 TWD 13.39 TWD 19.99 TWD 50
Growth DCF
Growth DCF 69.21 TWD 89.36 TWD 115.59 TWD 80
Rev-Margin DCF 54.65 TWD 72.65 TWD 92.04 TWD 74
Economic Profit
Residual Income 22.89 TWD 30.14 TWD 97.06 TWD 76
ROIC Compounder 43.41 TWD 48.80 TWD 54.00 TWD 72
Growth Earnings
Growth-Adj P/E 41.08 TWD 58.68 TWD 76.28 TWD 68

Widest divergence: DCF Models (76.48 TWD) versus Asset-Based (13.39 TWD). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) 1.0B TWD
Revenue growth (YoY) +11.5%
Net margin 17.2%
Return on equity 18.4%
Free cash flow 250M TWD FY2025
P/E ratio 14.8
More key figures
Operating margin 27.6%
EPS (TTM) 3.58 TWD
Dividend yield 6.3%
EPS growth (YoY) +25.3%
Net cash 672M TWD FY2025

Figures from reported company fundamentals · as of Jul 23, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 82/100

Of which business quality 81 · Market factors (momentum, volatility) 49

Profitability 61
Margins and returns on capital today
Quality Growth 61
Are margins and returns improving?
Cashflow 89
Earnings quality: real cash, not paper profit
Fin. Strength 99
Balance sheet, leverage, solvency risk
Investment 90
Disciplined investing over empire-building
Low Volatility 88
Calm price path (market factor)
Momentum 36
Price trend over the last 3–12 months (market factor)
52W Momentum 27
Distance to the 52-week high (market factor)
Net Issuance 89
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

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.

Full company description

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. 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.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

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.

Growth Quality 72/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
1.0B TWD
Latest YoY
+14.0%
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.
+7.6%
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.
+5.3%
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.
+2.8%
Revenue +5.7%/yr
FY21 801M TWD
FY22 803M TWD
FY23 842M TWD
FY24 878M TWD
FY25 1.0B TWD
Net income +10.7%/yr
FY21 115M TWD
FY22 143M TWD
FY23 173M TWD
FY24 157M TWD
FY25 172M TWD
Character of growth · EPS growth decomposed (2014-2025) +12.0 % p.a.
Revenue per share +3.6 pp

of which total revenue +3.8 pp · buybacks/dilution −0.1 pp

EBIT margin +11.0 pp
Tax rate −0.4 pp
Residual (interest, one-offs) −2.3 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). "Ares International Corp Fair Value". https://www.fairvalue-calculator.com/stock/2471

Peer Group

Information Technology Services · 475 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 82 · Top 25%
Fair Value upside +41% · Top 25%
Return on equity (TTM) 19% · Top 25%
Return on assets 8% · Top 25%
Net margin (TTM) 18% · Top 25%
Operating margin (TTM) 2% · Below median
Revenue growth 14% · Above median
Dividend yield (TTM) 6.4% · Top 25%
Debt / equity 0.02× · Lower than median

Valuation Multiples vs Information Technology Services median · lower = cheaper

P/E (TTM) 13.5× · Cheaper than median
P/B 2.42× · Pricier than median
P/S (TTM) 2.23× · Pricier than 75% of peers
P/FCF 0.3× · Cheaper than median
EV/EBITDA 8.6× · Cheaper 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 89 · sector 21
FUTURE 71 · sector 31
PAST 76 · sector 37
HEALTH 99 · sector 97
DIVIDEND 100 · sector 37

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 Information Technology Services stocks, each showing price versus our Fair Value estimate (as of Jul 23, 2026).

Stock Price Fair Value vs Fair Value
International Business Machines Corporation IBM $235.92 $143.90 -39%
Accenture plc ACNN 2,460 MXN 250.95 MXN -90%
Infosys Limited INFY ₹1,156 ₹1,457 +26%
HCL Technologies Limited HCLTECH ₹1,204 ₹1,230 +2%
Wipro Limited WIPRO ₹178.43 ₹226.81 +27%
Tech Mahindra Limited TECHM ₹1,455 ₹1,086 -25%
Samsung SDS Co 018260 199,300 KRW 196,390 KRW -1%
Persistent Systems Limited PERSISTENT ₹5,059 ₹2,364 -53%
Hyundai Autoever Corporation 307950 393,000 KRW 133,088 KRW -66%
Coforge Limited COFORGE ₹1,541 ₹702.84 -54%

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Frequently asked questions

Is Ares International Corp (2471) overvalued or undervalued?
As of Jul 23, 2026, our model estimates a fair value of 69.99 TWD versus a price of 49.50 TWD, about +41% (undervalued).
What is the fair value of 2471?
Our model-based fair value for Ares International Corp is 69.99 TWD (as of Jul 23, 2026), built from audited fundamentals. The current price is 49.50 TWD.
What is the quality score of 2471?
Ares International Corp has a Quality Score of 82/100. 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 Ares International Corp (2471)?
Ares International Corp reported trailing-twelve-month revenue of about 1.0B TWD (latest available figure, as of Jul 23, 2026).
What is the net profit margin of 2471?
The net profit margin of Ares International Corp is about 17.2%, meaning it keeps roughly 17.2% of revenue as net income. Based on the latest reported figures.
Does Ares International Corp pay a dividend?
Ares International Corp currently shows a dividend yield of about 6.30% relative to its recent price (as of Jul 23, 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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