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ALFORMER Industrial Co (4558) Fair Value & Analysis

Basic Materials · TW · Market cap 890M TWD

AI ALFORMER Industrial Co 4558 · TWO
Price18.50 TWD
Fair Value23.46 TWD
Upside+26.8%
Quality31/100
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Weak Growth
Thin margins · 0.0% net margin
Moderate debt · negative free cash flow
Trails peers (2/11)
Narrow moat 26/100
Evidence: Low Range 17.50 TWD – 35.02 TWD Share as image

Fair value as of: Jul 21, 2026

From 2 valuation models · updated 20 days ago

Fair value updated Jul 21, 2026, revised from 11.73 TWD to 23.46 TWD (+100.0%) since Jul 21, 2026. Share price +0.8% over the past month.

Below-average quality, screening 27% undervalued on our models.

What matters now

  • A fairly wide model range (17.50 TWD to 35.02 TWD) leaves room in how you read the outcome.
  • Evidence is limited here (fewer models, shorter history), so the fair value is a rougher estimate than usual.
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Price vs Fair Value (5 years)

55.53 TWD 16.00 TWD Fair Value 23.46 TWD Feb 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 16.00 TWD – 55.53 TWD · fair‑value band 17.50 TWD – 35.02 TWD · the 18.50 TWD price screens below the 23.46 TWD fair value. Dashed = 300-day average. As of Jul 21, 2026.

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Analysis

ALFORMER Industrial Co (4558) currently trades at 18.50 TWD, while our model-based Fair Value estimate is 23.46 TWD, implying the stock looks roughly 26.8% undervalued today. The Quality Score stands at 31/100 (below-average quality), in the Basic Materials 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: low), always confirm before acting.

Trailing-twelve-month revenue stands at 1.4B TWD. Revenue declined 23.3% year over year. Net debt stands at 1.3B TWD. Fundamentals as of Jul 21, 2026

Our scenario range runs from 17.50 TWD (bear case) to 35.02 TWD (bull case); at 18.50 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 38% below its 52-week high and 2% above its 52-week low, currently below its 200-day average. For context, the median of 10 Basic Materials peers we cover trades at 19% fair-value upside, at 27%, 4558 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
EV/EBITDA 1.16 TWD 4.20 TWD 54
NCAV (Graham) 8.75 TWD 11.73 TWD 17.51 TWD 50
All 2 models by family
Multiples
EV/EBITDA 1.16 TWD 4.20 TWD 54
Asset-Based
NCAV (Graham) 8.75 TWD 11.73 TWD 17.51 TWD 50

Widest divergence: Asset-Based (11.73 TWD) versus Multiples (1.16 TWD). Highest evidence: EV/EBITDA (54).

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Key figures & financial health

Revenue (TTM) 1.4B TWD
Revenue growth (YoY) -23.3%
Net margin 0.0%
Return on equity 0.0%
Free cash flow −210M TWD FY2025
Operating margin 3.7%
More key figures
EPS (TTM) -0.3900 TWD
EPS growth (YoY) +379%
Net debt 1.3B TWD FY2025

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

Quality Score breakdown

Overall quality 31/100

Of which business quality 29 · Market factors (momentum, volatility) 36

Profitability 14
Margins and returns on capital today
Quality Growth 22
Are margins and returns improving?
Cashflow 5
Earnings quality: real cash, not paper profit
Fin. Strength 21
Balance sheet, leverage, solvency risk
Investment 62
Disciplined investing over empire-building
Low Volatility 76
Calm price path (market factor)
Momentum 26
Price trend over the last 3–12 months (market factor)
52W Momentum 6
Distance to the 52-week high (market factor)
Net Issuance 82
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

ALFORMER Industrial Co., Ltd. engages in the provision of aluminum customized services. Its aluminum extrusion products include industrial and modular extrusion, airtight windows, curtain walls, solar panels, frames and brackets, sporting goods, automotive, marine, aircraft components, electronic components, furniture components, as well as fabrication and …

Full company description

ALFORMER Industrial Co., Ltd. engages in the provision of aluminum customized services. Its aluminum extrusion products include industrial and modular extrusion, airtight windows, curtain walls, solar panels, frames and brackets, sporting goods, automotive, marine, aircraft components, electronic components, furniture components, as well as fabrication and anodizing services. The company also offers aluminum forging products, such as automotive components, bicycle components, mountaineering safety accessories, fitness equipment components, and custom forged parts and components, as well as provides aluminum solar frame and solar mounting products to fit various types of solar modules. In addition, it provides aluminum anodizing services; aluminum doors and windows; and aluminum formwork products. ALFORMER Industrial Co., Ltd. was founded in 1989 and is based in Changhua, Taiwan.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

ALFORMER Industrial Co reported revenue of 1.5B TWD in FY2025 versus 2.1B TWD in FY2021, a compound −7.8%/yr. Reported net income was −19.3M TWD in FY2025.

Growth Quality 29/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
1.5B TWD
Latest YoY
+5.8%
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.
−7.8%
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.
+1.9%
Avg. growth/yr (6Y) 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.
+3.5%
Revenue −7.8%/yr
FY21 2.1B TWD
FY22 2.0B TWD
FY23 1.6B TWD
FY24 1.5B TWD
FY25 1.5B TWD
Net income
FY21 201M TWD
FY22 60.8M TWD
FY23 251K TWD
FY24 24.3M TWD
FY25 −19.3M TWD

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Cite: Fair Value Calculator (2026). "ALFORMER Industrial Co Fair Value". https://www.fairvalue-calculator.com/stock/4558

Peer Group

Aluminum · 83 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 29 · Bottom 25%
Fair Value upside +27% · Top 25%
Return on equity (TTM) 0% · Bottom 25%
Return on assets 0% · Bottom 25%
Net margin (TTM) 0% · Bottom 25%
Operating margin (TTM) 4% · Bottom 25%
Revenue growth -23% · Bottom 25%
Dividend yield (TTM) 0.0% · Bottom 25%
Debt / equity 1.04× · Higher than 75% of peers

Valuation Multiples vs Aluminum median · lower = cheaper

P/S (TTM) 0.02× · Cheaper than 75% of peers
EV/EBITDA 6.7× · 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 69 · sector 13
FUTURE 0 · sector 26
PAST 0 · sector 30
HEALTH 48 · sector 91
DIVIDEND 0 · sector 33

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

Stock Price Fair Value vs Fair Value
Shandong Hongqiao Aluminum Industry Holding 002379 ¥18.54 ¥26.70 +44%
China Hongqiao Group 1378 HK$24.54 HK$45.53 +86%
Hindalco Industries Limited HINDALCO ₹955.80 ₹1,026 +7%
Aluminum Corporation 601600 ¥8.11 ¥12.58 +55%
Norsk Hydro ASA NHY kr 84.96 kr 58.10 -32%
Press Metal Aluminium Holdings 8869 8.02 MYR 3.88 MYR -52%
Alcoa Corporation AAI A$70.60 A$49.53 -30%
Yunnan Aluminium Co 000807 ¥25.12 ¥29.68 +18%
Henan Shenhuo Coal Industry and Electricity Power Co 000933 ¥25.51 ¥30.28 +19%
Tianshan Aluminum Group 002532 ¥11.99 ¥21.86 +82%

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Frequently asked questions

Is ALFORMER Industrial Co (4558) overvalued or undervalued?
As of Jul 21, 2026, our model estimates a fair value of 23.46 TWD versus a price of 18.50 TWD, about +27% (undervalued).
What is the fair value of 4558?
Our model-based fair value for ALFORMER Industrial Co is 23.46 TWD (as of Jul 21, 2026), built from audited fundamentals. The current price is 18.50 TWD.
What is the quality score of 4558?
ALFORMER Industrial Co has a Quality Score of 31/100. 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 ALFORMER Industrial Co (4558)?
ALFORMER Industrial Co reported trailing-twelve-month revenue of about 1.4B TWD (latest available figure, as of Jul 21, 2026).
What is the net profit margin of 4558?
The net profit margin of ALFORMER Industrial Co is about 0.0%, meaning it keeps roughly 0.0% of revenue as net income. Based on the latest reported figures.

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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