Amtran Technology Co Ltd (2489) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of Amtran Technology Co Ltd stock TWD 13.64, price TWD 30.85, that is 55.8% below the price, quality 59 out of 100. Rating: strongly overvalued. Calculated from audited financials with 15 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 6, 2026.
How to read this chart
60‑month range 1.15 TWD – 55.06 TWD · fair‑value band 9.16 TWD – 16.05 TWD · the 30.85 TWD price screens above the 13.64 TWD fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). 1 fiscal year is left out: there the valuation rested on only a fraction of the usual models. As of Nov 6, 2026.
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AmTRAN Technology Co.,Ltd engages in the design, manufacture, and sale of monitors, computers, and computer peripherals in Taiwan, the United State, China, and internationally.
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The company offers display products; audio visual products; conference equipment; collaboration computer peripherals; and smart products. AmTRAN Technology Co.,Ltd was incorporated in 1994 and is based in New Taipei City, Taiwan.
Stock analysis
Amtran Technology Co Ltd (2489) currently trades at 30.85 TWD, while our model-based Fair Value estimate is 13.64 TWD, 56% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the Multiples group reads highest at a median of 23.09 TWD per share, and 1 of the 15 models we run sit above the 30.85 TWD price.
Bear case: the Dividend Discount group reads lowest at 4.04 TWD, and 14 of the 15 models stay below the price. Data coverage for this calculation is low.
Scenario range: 9.16 TWD (bear) to 16.05 TWD (bull), the price of 30.85 TWD sits above 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 59/100 (solid quality), in the Technology sector.
Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Amtran Technology Co Ltd reported revenue of 24.7B TWD in FY2025 versus 22.2B TWD in FY2021, a compound +2.6%/yr. Reported net income was 792M TWD in FY2025, compounding −37.0%/yr from FY2021.
Key figures
Market cap 18.8B TWD (≈ $574M) Small · P/E ratio 23.2 · P/S ratio 0.72 · EPS (TTM) 1.33 TWD · Dividend yield 3.9% · Net margin 3.2% · Return on equity 6.5% · Return on assets (EBIT) 0.1% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 31 out of 100 (low confidence).
What moves the price
The share trades about 44% below its 52-week high and 130% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Technology peers we cover trades at 5% fair-value upside, at −56%, 2489 screens richer than that median.
Fair Value models
Bear9.16 TWDFair Value 13.64 TWDBull16.05 TWD
Price 30.85 TWD · Downside -55.8%
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 (0.1111 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.44/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
+6.1%
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.
+14.7%
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.
+8.0%
Start year 2020 (pandemic). Over 10 years: +1.8% a year
Revenue growth 14 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.
−5.7%
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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.
+11.2%
Earnings growth per share plus dividend.
Earnings per share, growth per year+7.3%
Dividend (yield on the price)3.9%
Per share before 2011divided by the spin-off factor 1.0258
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.7.3% vs −7.4%, picking up
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.−3% → 2%
Compare Amtran Technology Co Ltd 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.Consumer Electronics · 114 stocks
Beats the industry median on 8/12 measures
Overall it ranks above its industry peers.
Valuation
Quality Score59 · Above median
Fair Value upside−55.8% · Bottom 25%
Profitability
Return on equity (12 months)6.5% · Above median
Return on assets3.7% · Above median
Net margin (12 months)3.2% · Above median
Operating margin (12 months)0.5% · Below median
Growth and dividend
Revenue growth (quarter YoY)14.4% · Above median
Dividend yield (12 months)3.9% · Above median
Valuation Multiplesvs Consumer Electronics median · lower = cheaper
P/E (12 months)23.2× · Pricier than median
P/B1.41× · Cheaper than median
P/S (12 months)0.72× · Cheaper than median
EV/EBITDA18.7× · Pricier than median
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 11
FUTURE (revenue growth)72· sector 27
PAST (return on equity)26· sector 24
HEALTH (low debt)100· sector 96
DIVIDEND (yield)78· sector 33
VALUE 0: the price sits above our fair-value range.
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). "Amtran Technology Co Ltd Fair Value". https://www.fairvalue-calculator.com/stock/2489
Frequently asked questions
Is Amtran Technology Co Ltd (2489) overvalued or undervalued?
As of Nov 6, 2026, our model estimates a fair value of 13.64 TWD versus a price of 30.85 TWD, about 56% lower (overvalued).
What is the fair value of 2489?
Our model-based fair value for Amtran Technology Co Ltd is 13.64 TWD (as of Nov 6, 2026), built from audited fundamentals. The current price: 30.85 TWD.
What is the quality score of 2489?
Amtran Technology Co Ltd 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 price target for Amtran Technology Co Ltd (2489)?
Our model-based price target is the fair value of 13.64 TWD (as of Nov 6, 2026) from 15 valuation models. Cautious scenario 9.16 TWD, optimistic scenario 16.05 TWD. It is a calculation from audited fundamentals, not an analyst target.
What is the Amtran Technology Co Ltd stock forecast for 2026?
Our models put fair value at 13.64 TWD, about 56% lower versus a price of 30.85 TWD (overvalued). Cautious scenario 9.16 TWD, optimistic scenario 16.05 TWD. The calculation is refreshed regularly with new filings.
What is the revenue of Amtran Technology Co Ltd (2489)?
Amtran Technology Co Ltd reported trailing-twelve-month revenue of about 26.1B TWD (latest available figure, as of Nov 6, 2026).
Does Amtran Technology Co Ltd pay a dividend?
Amtran Technology Co Ltd currently shows a dividend yield of 3.89% relative to its recent price (as of Nov 6, 2026).
How much is the dividend of Amtran Technology Co Ltd (2489) and when is the ex-dividend date?
Amtran Technology Co Ltd pays a dividend of 1.20 TWD per share a year, a dividend yield of 3.9%. The last ex-dividend date was Jun 25, 2026. A dividend has been paid every year since 2021. The payout ratio is 90.2% of earnings. Our assessment: Watch coverage. The dividend isn’t fully covered by free cash flow or earnings, part of it is funded from reserves or debt. Fine for now, but worth watching: if it stays uncovered, the dividend could be cut.
What is the intrinsic value of Amtran Technology Co Ltd (2489)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Amtran Technology Co Ltd it is 13.64 TWD per share (as of Nov 6, 2026), against a price of 30.85 TWD. It is the blended result of 15 valuation models in 7 families (DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Economic Profit, Growth Earnings).
Is Amtran Technology Co Ltd stock overvalued or undervalued in 2026?
As of Nov 6, 2026, 2489 trades above its calculated fair value: price 30.85 TWD, fair value 13.64 TWD, a gap of about −56% (overvalued). 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 2489?
No. The price is what the market pays today (30.85 TWD); the fair value is what the company's own numbers justify (13.64 TWD). For Amtran Technology Co Ltd the two are 17.21 TWD per share apart. That gap is exactly why we show both numbers side by side.
How much is Amtran Technology Co Ltd worth?
The market values Amtran Technology Co Ltd at about 18.8B TWD (market capitalisation, as of Nov 6, 2026). Per share that is 30.85 TWD; our models calculate a fair value of 13.64 TWD per share.
What do the bullish and bearish scenarios say about 2489?
Our models span a range for Amtran Technology Co Ltd: cautious scenario 9.16 TWD, base 13.64 TWD, optimistic 16.05 TWD per share (as of Nov 6, 2026, price 30.85 TWD). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 2489?
Amtran Technology Co Ltd trades at a price-to-earnings ratio of 23.2 (as of Nov 6, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 13.64 TWD is built from several models across several years. Other multiples: P/B 1.4, P/S 0.7, EV/EBITDA 18.7.
How solid is the balance sheet of Amtran Technology Co Ltd (2489)?
Balance-sheet figures for Amtran Technology Co Ltd (as of Nov 6, 2026): return on equity 6.5%. They feed the Quality Score of 59/100, which measures business quality independently of the share price.
How far is 2489 from its 52-week high?
Amtran Technology Co Ltd trades at 30.85 TWD, about 44% below its 52-week high of 55.06 TWD and 130% above the low of 13.40 TWD (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of 13.64 TWD is for.
Which stocks are comparable to Amtran Technology Co Ltd?
From the same area (Technology) we also value Samsung Electronics Co, Sony Group, Xiaomi Corporation, LG Electronics Inc, 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 Amtran Technology Co Ltd stock attractive at the current price?
The data as of Nov 6, 2026: price 30.85 TWD, calculated fair value 13.64 TWD (−56%), Quality Score 59/100, from 15 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 2489 calculated?
We run Amtran Technology Co Ltd through 15 models from 7 families: DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Economic Profit, Growth Earnings. Every model gets the same audited fundamentals; the fair value of 13.64 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 13.0% above its aggregate fair value. Amtran Technology Co Ltd itself currently trades above fair value. 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 Amtran Technology Co Ltd (2489)?
The closing price on Nov 6, 2026 was 30.85 TWD. Our model-based fair value is 13.64 TWD, about 56% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Amtran Technology Co Ltd right now?
The price sits above even our optimistic bull case (16.05 TWD). The favourable scenario is already priced in. 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 (59/100) and above fair value, neither a clear bargain nor a standout compounder.
Key figures of Amtran Technology Co Ltd
How large is the market capitalisation of Amtran Technology Co Ltd (2489)?
The market capitalisation of Amtran Technology Co Ltd is 18.8B TWD (≈ $574M). 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 Amtran Technology Co Ltd (2489)?
The price-to-sales ratio of Amtran Technology Co Ltd is 0.72 (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 Amtran Technology Co Ltd (2489)?
Earnings per share at Amtran Technology Co Ltd are 1.33 TWD (price ÷ EPS = P/E 23.2). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Amtran Technology Co Ltd (2489)?
The dividend yield of Amtran Technology Co Ltd is 3.9% (payout 90.2%). 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 Amtran Technology Co Ltd (2489)?
The net margin of Amtran Technology Co Ltd is 3.2% (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 Amtran Technology Co Ltd (2489)?
The return on equity (ROE) of Amtran Technology Co Ltd is 6.5% (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 Amtran Technology Co Ltd (2489)?
On an EBIT basis the return on assets of Amtran Technology Co Ltd is 0.1% (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 Amtran Technology Co Ltd (2489)?
The operating margin of Amtran Technology Co Ltd is 0.5% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Amtran Technology Co Ltd (2489)?
Revenue at Amtran Technology Co Ltd is growing +14.4% versus a year earlier (3y avg +14.7%). 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 Amtran Technology Co Ltd (2489)?
Earnings per share at Amtran Technology Co Ltd are growing −53.3% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Amtran Technology Co Ltd (2489) generate?
The free cash flow of Amtran Technology Co Ltd is −237M TWD (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net cash does Amtran Technology Co Ltd (2489) hold?
Amtran Technology Co Ltd holds more cash than debt, 3.5B TWD net (fiscal year 2025). The company holds more cash than debt, a safety cushion.
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Thin data
Nov 6, 2026