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Anli International Co (5223) Fair Value & Analysis

Industrials · TW · Market cap 1.0B TWD

AI Anli International Co 5223 · TWO
Price23.75 TWD
Fair Value39.35 TWD
Upside+65.7%
Quality56/100
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Weak Growth
Loss-making · -2.4% net margin
Low debt · generates free cash flow
Mixed vs. peers (5/10)
Narrow moat 20/100
Evidence: Medium Range 29.00 TWD – 49.71 TWD Share as image

Fair value as of: Jul 23, 2026

From 13 valuation models · updated 18 days ago

Share price −5.4% over the past month.

A solid business, screening 66% undervalued on our models.

What matters now

  • The price is below even our cautious bear case (29.00 TWD). The market is more pessimistic than our downside scenario.
  • Solid quality (56/100) at a price below fair value, the discount is the argument here, not the business quality.
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Price vs Fair Value (5 years)

86.42 TWD 20.20 TWD Fair Value 39.35 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 20.20 TWD – 86.42 TWD · fair‑value band 29.00 TWD – 49.71 TWD · the 23.75 TWD price screens below the 39.35 TWD fair value. Dashed = 300-day average. As of Jul 23, 2026.

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Analysis

Anli International Co (5223) currently trades at 23.75 TWD, while our model-based Fair Value estimate is 39.35 TWD, implying the stock looks roughly 65.7% undervalued today. The Quality Score stands at 56/100 (solid quality), in the Industrials 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: medium), always confirm before acting.

Over the trailing twelve months, Anli International Co generated revenue of 2.0B TWD at a net margin of -1.5%. Revenue grew 1.2% year over year. It earns a return on equity of -1.5%. Net debt stands at 92.3M TWD. Fundamentals as of Jul 23, 2026

Our scenario range runs from 29.00 TWD (bear case) to 49.71 TWD (bull case); at 23.75 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 25% below its 52-week high and 1% above its 52-week low, currently below its 200-day average. For context, the median of 10 Industrials peers we cover trades at -72% fair-value upside, at 66%, 5223 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 35.83 TWD 46.41 TWD 59.33 TWD 80
Rev-Margin DCF 34.39 TWD 49.52 TWD 66.48 TWD 74
Gordon GGM 15.54 TWD 28.00 TWD 38.55 TWD 70
All 13 models by family
DCF Models
FCF DCF 35.51 TWD 47.47 TWD 62.93 TWD 38
Owner Earnings 11.50 TWD 13.75 TWD 16.65 TWD 31
5Y Revenue Exit 34.39 TWD 49.26 TWD 67.80 TWD 39
5Y EBITDA Exit 34.17 TWD 48.87 TWD 65.51 TWD 41
10Y Revenue Exit 33.80 TWD 46.56 TWD 62.85 TWD 36
10Y EBITDA Exit 34.41 TWD 46.32 TWD 61.29 TWD 37
Dividend Discount
Gordon GGM 15.54 TWD 28.00 TWD 38.55 TWD 70
DDM Multi-Stage 15.54 TWD 23.12 TWD 29.91 TWD 61
Multiples
EV/EBITDA 37.01 TWD 47.37 TWD 57.72 TWD 54
EV/Revenue 35.31 TWD 47.90 TWD 60.49 TWD 43
Asset-Based
NCAV (Graham) 22.08 TWD 29.59 TWD 44.16 TWD 50
Growth DCF
Growth DCF 35.83 TWD 46.41 TWD 59.33 TWD 80
Rev-Margin DCF 34.39 TWD 49.52 TWD 66.48 TWD 74

Widest divergence: Multiples (47.37 TWD) versus Dividend Discount (23.12 TWD). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) 2.0B TWD
Revenue growth (YoY) +1.2%
Net margin -1.5%
Return on equity -1.5%
Free cash flow 144M TWD FY2025
Operating margin -5.0%
More key figures
EPS (TTM) -0.6700 TWD
EPS growth (YoY) +25.5%
Net debt 92.3M TWD FY2025

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

Quality Score breakdown

Overall quality 56/100

Of which business quality 55 · Market factors (momentum, volatility) 44

Profitability 18
Margins and returns on capital today
Quality Growth 50
Are margins and returns improving?
Cashflow 44
Earnings quality: real cash, not paper profit
Fin. Strength 61
Balance sheet, leverage, solvency risk
Investment 95
Disciplined investing over empire-building
Low Volatility 85
Calm price path (market factor)
Momentum 30
Price trend over the last 3–12 months (market factor)
52W Momentum 21
Distance to the 52-week high (market factor)
Net Issuance 90
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

Anli International Co., Ltd., together with its subsidiaries, engages in the stamping of various precision metals in China and Taiwan.

Full company description

Anli International Co., Ltd., together with its subsidiaries, engages in the stamping of various precision metals in China and Taiwan. The company manufactures and sells die casting components, computers, communication equipment, automobile and motorcycle parts, precision metalworking products, and new electronic components, such as inductors and metal surface treatment; and designs, research, and develops metal materials, machine parts, computer software, and fine blanking die products. It offers CNC processing, 3C products, semiconductors, automotive products, optical communication products, vision system application products, household products, and other products. The company serves the computers, communications, and consumer electronics industries. Anli International Co., Ltd. was incorporated in 2010 and is headquartered in Grand Cayman, the Cayman Islands.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Anli International Co reported revenue of 2.0B TWD in FY2025 versus 2.3B TWD in FY2021, a compound −3.7%/yr. Reported net income was −29.7M TWD in FY2025.

Growth Quality 26/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
2.0B TWD
Latest YoY
+18.1%
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.
−1.6%
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.
−1.1%
Avg. growth/yr (8Y) 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.
+4.3%
Revenue −3.7%/yr
FY21 2.3B TWD
FY22 2.1B TWD
FY23 1.5B TWD
FY24 1.7B TWD
FY25 2.0B TWD
Net income
FY21 231M TWD
FY22 196M TWD
FY23 −3.7M TWD
FY24 −24.1M TWD
FY25 −29.7M TWD

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Cite: Fair Value Calculator (2026). "Anli International Co Fair Value". https://www.fairvalue-calculator.com/stock/5223

Peer Group

Metal Fabrication · 244 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 56 · Above median
Fair Value upside +66% · Top 25%
Return on assets -0% · Bottom 25%
Net margin (TTM) -2% · Bottom 25%
Operating margin (TTM) -3% · Bottom 25%
Revenue growth -1% · Below median
Debt / equity 0.06× · Lower than median

Valuation Multiples vs Metal Fabrication median · lower = cheaper

P/S (TTM) 0.02× · Cheaper than 75% of peers
P/FCF 0.2× · Cheaper than 75% of peers

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 100 · sector 0
FUTURE 0 · sector 36
PAST 0 · sector 21
HEALTH 97 · sector 95
DIVIDEND 0 · sector 25

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

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Frequently asked questions

Is Anli International Co (5223) overvalued or undervalued?
As of Jul 23, 2026, our model estimates a fair value of 39.35 TWD versus a price of 23.75 TWD, about +66% (undervalued).
What is the fair value of 5223?
Our model-based fair value for Anli International Co is 39.35 TWD (as of Jul 23, 2026), built from audited fundamentals. The current price is 23.75 TWD.
What is the quality score of 5223?
Anli International Co has a Quality Score of 56/100. 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 Anli International Co (5223)?
Anli International Co reported trailing-twelve-month revenue of about 2.0B TWD (latest available figure, as of Jul 23, 2026).
What is the net profit margin of 5223?
The net profit margin of Anli International Co is about -1.5%, meaning it is currently running at a net loss. 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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