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Avertronics Inc (3597) Fair Value & Analysis

Technology · TW · Market cap 1.1B TWD

AI Avertronics Inc 3597 · TWO
Price27.20 TWD
Fair Value20.02 TWD
Upside-26.4%
Quality47/100
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Weak Growth
Thin margins · 1.1% net margin
Moderate debt · negative free cash flow
1.49% dividend yield
Trails peers (5/13)
Narrow moat 28/100
Evidence: High Range 14.02 TWD – 26.03 TWD Share as image

Fair value as of: Jul 23, 2026

From 13 valuation models · updated 18 days ago

Share price +0.4% over the past month.

Below-average quality, and screening another 26% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (26.03 TWD). The favourable scenario is already priced in.
  • Solid but not exceptional quality (47/100) and above fair value, neither a clear bargain nor a standout compounder.
  • A fairly wide model range (14.02 TWD to 26.03 TWD) leaves room in how you read the outcome.
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Price vs Fair Value (5 years)

52.00 TWD 20.08 TWD Fair Value 20.02 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 20.08 TWD – 52.00 TWD · fair‑value band 14.02 TWD – 26.03 TWD · the 27.20 TWD price screens above the 20.02 TWD fair value. Dashed = 300-day average. As of Jul 23, 2026.

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Analysis

Avertronics Inc (3597) currently trades at 27.20 TWD, while our model-based Fair Value estimate is 20.02 TWD, implying the stock looks roughly 26.4% overvalued today. The Quality Score stands at 47/100 (below-average quality), in the Technology 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: high).

Over the trailing twelve months, Avertronics Inc generated revenue of 857M TWD at a net margin of 1.1%. Revenue declined 1.8% year over year. It earns a return on equity of 1.6%. Net debt stands at 598M TWD. Fundamentals as of Jul 23, 2026

Our scenario range runs from 14.02 TWD (bear case) to 26.03 TWD (bull case); at 27.20 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 21% below its 52-week high and 21% 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 -26%, 3597 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
Residual Income 12.00 TWD 12.72 TWD 13.90 TWD 76
Gordon GGM 2.33 TWD 2.89 TWD 3.43 TWD 70
Growth-Adj P/E 14.02 TWD 20.02 TWD 26.03 TWD 68
All 13 models by family
DCF Models
Owner Earnings 1.12 TWD 4.82 TWD 10.84 TWD 31
Earnings-Based
Graham-Dodd 8.98 TWD 16.01 TWD 19.71 TWD 54
Dividend Discount
Gordon GGM 2.33 TWD 2.89 TWD 3.43 TWD 70
DDM Multi-Stage 2.33 TWD 3.00 TWD 3.72 TWD 61
Multiples
P/E Multiple 19.81 TWD 26.42 TWD 33.02 TWD 63
P/S Multiple 16.84 TWD 22.45 TWD 28.07 TWD 58
P/B Multiple 16.84 TWD 22.45 TWD 28.07 TWD 55
EV/EBIT 1.75 TWD 6.35 TWD 10.96 TWD 53
EV/EBITDA 3.69 TWD 8.94 TWD 14.20 TWD 54
EV/Revenue 1.24 TWD 5.23 TWD 43
Asset-Based
NCAV (Graham) 7.52 TWD 10.07 TWD 15.03 TWD 50
Economic Profit
Residual Income 12.00 TWD 12.72 TWD 13.90 TWD 76
Growth Earnings
Growth-Adj P/E 14.02 TWD 20.02 TWD 26.03 TWD 68

Widest divergence: Growth Earnings (20.02 TWD) versus Dividend Discount (2.89 TWD). Highest evidence: Residual Income (76).

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Key figures & financial health

Revenue (TTM) 857M TWD
Revenue growth (YoY) -1.8%
Net margin 1.1%
Return on equity 1.6%
Free cash flow −19.5M TWD FY2024
P/E ratio 80.7
More key figures
Operating margin 2.9%
EPS (TTM) 0.3400 TWD
Dividend yield 1.5%
EPS growth (YoY) -53.5%
Net debt 598M TWD FY2025

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

Quality Score breakdown

Overall quality 47/100

Of which business quality 44 · Market factors (momentum, volatility) 53

Profitability 32
Margins and returns on capital today
Quality Growth 51
Are margins and returns improving?
Cashflow 10
Earnings quality: real cash, not paper profit
Fin. Strength 37
Balance sheet, leverage, solvency risk
Investment 80
Disciplined investing over empire-building
Low Volatility 72
Calm price path (market factor)
Momentum 47
Price trend over the last 3–12 months (market factor)
52W Momentum 43
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

Avertronics Inc. engages in the manufacturing and sales of waterproof connectors and wire harnesses in Taiwan, Mainland China, and internationally. The company offers temperature control components, special wires, terminals, connectors, network accessories, accessory assemblies, and various computer peripheral products.

Full company description

Avertronics Inc. engages in the manufacturing and sales of waterproof connectors and wire harnesses in Taiwan, Mainland China, and internationally. The company offers temperature control components, special wires, terminals, connectors, network accessories, accessory assemblies, and various computer peripheral products. It also provides mobility solar system for solar trailer energy storage system, fixed solar panel products, and EPC engineering for solar energy transfer and storage electrical engineering; agent products; and connectors, contacts, wires, terminal, and platinum resistor under the JST, Molex, TE, Amp, Sumitomo, APP, Kurabe, Heraeus, and THERMOSTAT of Sensata brands. In addition, the company offers silicon materials for electronics industries; lightweight solar panel for EPC and power saving industry; and PE films for clean packaging on electronics components and food industries. Avertronics Inc. was founded in 1986 and is headquartered in Taichung, Taiwan.

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

Revenue & earnings trend

FY2020 – FY2024 · reported fiscal years

Avertronics Inc reported revenue of 738M TWD in FY2024 versus 830M TWD in FY2020, a compound −2.9%/yr. Reported net income was 51.5M TWD in FY2024, compounding +4.3%/yr from FY2020.

Growth Quality 14/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2024)
738M TWD
Latest YoY
+20.8%
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.
−11.5%
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.
−1.1%
Avg. growth/yr (7Y) 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.
+1.8%
Revenue −2.9%/yr
FY20 830M TWD
FY21 1.1B TWD
FY22 1.0B TWD
FY23 611M TWD
FY24 738M TWD
Net income +4.3%/yr
FY20 43.5M TWD
FY21 76.7M TWD
FY22 80.4M TWD
FY23 9.7M TWD
FY24 51.5M TWD

3597 screens 26% overvalued. Compare with Delta Electronics, Inc →

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Cite: Fair Value Calculator (2026). "Avertronics Inc Fair Value". https://www.fairvalue-calculator.com/stock/3597

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 47 · Below median
Fair Value upside −26% · Above median
Return on equity (TTM) 2% · Below median
Return on assets 2% · Above median
Net margin (TTM) 1% · Below median
Operating margin (TTM) 3% · Below median
Revenue growth -2% · Below median
Dividend yield (TTM) 1.5% · Above median
Debt / equity 1.19× · Higher than 75% of peers

Valuation Multiples vs Electronic Components median · lower = cheaper

P/E (TTM) 80.3× · Pricier than 75% of peers
P/B 1.82× · Cheaper than median
P/S (TTM) 1.24× · Cheaper than median
EV/EBITDA 20.6× · Pricier 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 0 · sector 0
FUTURE 0 · sector 32
PAST 6 · sector 24
HEALTH 41 · sector 95
DIVIDEND 30 · sector 25

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.

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 23, 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 Avertronics Inc (3597) overvalued or undervalued?
As of Jul 23, 2026, our model estimates a fair value of 20.02 TWD versus a price of 27.20 TWD, about −26% (overvalued).
What is the fair value of 3597?
Our model-based fair value for Avertronics Inc is 20.02 TWD (as of Jul 23, 2026), built from audited fundamentals. The current price is 27.20 TWD.
What is the quality score of 3597?
Avertronics Inc has a Quality Score of 47/100. 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 Avertronics Inc (3597)?
Avertronics Inc reported trailing-twelve-month revenue of about 857M TWD (latest available figure, as of Jul 23, 2026).
What is the net profit margin of 3597?
The net profit margin of Avertronics Inc is about 1.1%, meaning it keeps roughly 1.1% of revenue as net income. Based on the latest reported figures.
Does Avertronics Inc pay a dividend?
Avertronics Inc currently shows a dividend yield of about 1.48% 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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