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ACTi Corporation (5240) Fair Value & Analysis

Industrials · TW · Market cap 437M TWD

AC ACTi Corporation 5240 · TWO
Price17.15 TWD
Fair Value10.47 TWD
Upside-39.0%
Quality70/100
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Healthy Growth
Thin margins · 2.7% net margin
Low debt · generates free cash flow
2.82% dividend yield
Ranks above peers (10/14)
Narrow moat 38/100
Evidence: High Range 7.85 TWD – 13.09 TWD Share as image

Fair value as of: Jul 21, 2026

From 25 valuation models · updated 20 days ago

Share price −7.8% over the past month.

A solid business, but screening 39% overvalued on our models.

What matters now

  • A high-quality business (quality 70/100), yet the market already pays well above fair value. Quality at a full price, with little margin of safety.
  • The price sits above even our optimistic bull case (13.09 TWD). The favourable scenario is already priced in.
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Price vs Fair Value (5 years)

47.80 TWD 4.92 TWD Fair Value 10.47 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 4.92 TWD – 47.80 TWD · fair‑value band 7.85 TWD – 13.09 TWD · the 17.15 TWD price screens above the 10.47 TWD fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 21, 2026.

Full chart & analysis →

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Analysis

ACTi Corporation (5240) currently trades at 17.15 TWD, while our model-based Fair Value estimate is 10.47 TWD, implying the stock looks roughly 39.0% overvalued today. The Quality Score stands at 70/100 (solid quality), in the Industrials 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, ACTi Corporation generated revenue of 489M TWD at a net margin of 2.7%. Revenue grew 32.4% year over year. It earns a return on equity of 4.4%. The balance sheet holds a net cash position of 136M TWD. Fundamentals as of Jul 21, 2026

Our scenario range runs from 7.85 TWD (bear case) to 13.09 TWD (bull case); at 17.15 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 54% below its 52-week high and 24% above its 52-week low, currently below its 200-day average. For context, the median of 10 Industrials peers we cover trades at 10% fair-value upside, at -39%, 5240 screens richer 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 27.92 TWD 33.78 TWD 40.59 TWD 80
Residual Income 8.17 TWD 8.12 TWD 7.12 TWD 76
Rev-Margin DCF 22.86 TWD 28.99 TWD 35.51 TWD 74
All 25 models by family
DCF Models
FCF DCF 27.52 TWD 33.85 TWD 41.51 TWD 38
Owner Earnings 17.96 TWD 21.24 TWD 25.21 TWD 31
5Y Revenue Exit 22.86 TWD 28.61 TWD 35.47 TWD 39
5Y EBITDA Exit 26.73 TWD 35.37 TWD 44.79 TWD 41
5Y P/E Exit 19.97 TWD 23.55 TWD 26.95 TWD 38
10Y Revenue Exit 24.39 TWD 29.53 TWD 35.47 TWD 36
10Y EBITDA Exit 26.89 TWD 33.66 TWD 41.58 TWD 37
10Y P/E Exit 23.05 TWD 26.43 TWD 29.89 TWD 35
Earnings-Based
Graham-Dodd 3.39 TWD 7.16 TWD 9.07 TWD 54
PEG = 1.0 1.08 TWD 1.54 TWD 2.00 TWD 46
EPV 17.71 TWD 19.08 TWD 20.22 TWD 59
Dividend Discount
Gordon GGM 3.11 TWD 4.38 TWD 5.56 TWD 70
DDM Multi-Stage 3.11 TWD 4.20 TWD 5.29 TWD 61
Multiples
P/E Multiple 7.85 TWD 10.47 TWD 13.09 TWD 63
P/S Multiple 6.36 TWD 8.48 TWD 10.59 TWD 58
P/B Multiple 6.36 TWD 8.48 TWD 10.59 TWD 55
EV/EBIT 25.45 TWD 31.38 TWD 37.31 TWD 53
EV/EBITDA 28.94 TWD 36.03 TWD 43.12 TWD 54
EV/Revenue 20.36 TWD 25.80 TWD 31.24 TWD 43
Asset-Based
NCAV (Graham) 5.69 TWD 7.62 TWD 11.38 TWD 50
Growth DCF
Growth DCF 27.92 TWD 33.78 TWD 40.59 TWD 80
Rev-Margin DCF 22.86 TWD 28.99 TWD 35.51 TWD 74
Economic Profit
Residual Income 8.17 TWD 8.12 TWD 7.12 TWD 76
ROIC Compounder 17.97 TWD 19.67 TWD 21.30 TWD 72
Growth Earnings
Growth-Adj P/E 5.77 TWD 8.24 TWD 10.72 TWD 68

Widest divergence: Growth DCF (28.99 TWD) versus Dividend Discount (4.20 TWD). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) 489M TWD
Revenue growth (YoY) +32.4%
Net margin 2.7%
Return on equity 4.4%
Free cash flow 60.7M TWD FY2025
P/E ratio 48.4
More key figures
Operating margin 8.5%
EPS (TTM) 0.5000 TWD
Dividend yield 2.8%
EPS growth (YoY) +657%
Net cash 136M TWD FY2024

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

Quality Score breakdown

Overall quality 70/100

Of which business quality 72 · Market factors (momentum, volatility) 38

Profitability 48
Margins and returns on capital today
Quality Growth 52
Are margins and returns improving?
Cashflow 77
Earnings quality: real cash, not paper profit
Fin. Strength 98
Balance sheet, leverage, solvency risk
Investment 71
Disciplined investing over empire-building
Low Volatility 50
Calm price path (market factor)
Momentum 33
Price trend over the last 3–12 months (market factor)
52W Momentum 31
Distance to the 52-week high (market factor)
Net Issuance 83
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

ACTi Corporation, together with its subsidiaries, engages in the research, design, manufacturing, import, and export trade of digital imaging modules and end products in Taiwan, the United States, and internationally.

Full company description

ACTi Corporation, together with its subsidiaries, engages in the research, design, manufacturing, import, and export trade of digital imaging modules and end products in Taiwan, the United States, and internationally. The company offers analog, standard, high resolution, high zoom, image quality, high frame rate, PTZ, panoramic, thermal, AI, ALPR, extended temperature, anti-corrosion, anti-explosion, vibration proof, covert, service desk, and NDAA and BIS compliant cameras, as well as door station and ONVIF conformant products; encoders and decoders; and video management system, including windows, Linux, ruggedized, and cloud NVR, as well as hybrid DVR, control center, standalone VMS, mobile and VMS clients, VMS integration and technical support, and NVR 3 demo suite. It also provides access control server, device, integration, and solution demo kit; network peripherals, such as PoE data switches, network IO modules, extended storage devices, and IP speakers; and surveillance hard drives. In addition, the company offers artificial intelligence, big data, robot, IoT, and cloud solutions, as well as system health management and customization services. It serves airport, banking, casino and gaming, city, commercial building, data center, education, factory, government, healthcare, hotel, logistics, military, mobile vehicle, park and square, parking lot, prison, residential, restaurant, retail, seaport, stadium, traffic, train station, and utility markets. The company was founded in 2003 and is headquartered in Taipei, Taiwan.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

ACTi Corporation reported revenue of 489M TWD in FY2025 versus 437M TWD in FY2021, a compound +2.8%/yr. Reported net income was 13.3M TWD in FY2025.

Growth Quality 64/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Latest Revenue (FY 2025)
489M TWD
Latest YoY
+20.7%
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.
+1.5%
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.
+2.8%
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.
−1.6%
Revenue +2.8%/yr
FY21 437M TWD
FY22 467M TWD
FY23 488M TWD
FY24 405M TWD
FY25 489M TWD
Net income
FY21 −36.0M TWD
FY22 36.8M TWD
FY23 75.9M TWD
FY24 17.8M TWD
FY25 13.3M TWD

5240 screens 39% overvalued. Compare with ASSA ABLOY AB →

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Cite: Fair Value Calculator (2026). "ACTi Corporation Fair Value". https://www.fairvalue-calculator.com/stock/5240

Peer Group

Security & Protection Services · 114 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 70 · Top 25%
Fair Value upside −39% · Below median
Return on equity (TTM) 4% · Below median
Return on assets 5% · Above median
Net margin (TTM) 3% · Below median
Operating margin (TTM) 9% · Above median
Revenue growth 32% · Top 25%
Dividend yield (TTM) 2.8% · Above median

Valuation Multiples vs Security & Protection Services median · lower = cheaper

P/E (TTM) 32.9× · Pricier than 75% of peers
P/B 1.45× · Cheaper than median
P/S (TTM) 0.90× · Cheaper than median
P/FCF 0.2× · Cheaper than 75% of peers
EV/EBITDA 6.1× · 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 0 · sector 19
FUTURE 100 · sector 39
PAST 18 · sector 20
HEALTH 100 · sector 99
DIVIDEND 56 · sector 49

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 Security & Protection Services stocks, each showing price versus our Fair Value estimate (as of Jul 21, 2026).

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Allegion plc ALLE $137.24 $127.80 -7%
Securitas AB SECUB kr 162.10 kr 186.34 +15%
Zhejiang Dahua Technology Co 002236 ¥16.57 ¥23.58 +42%
MSA Safety Incorporated MSA $169.00 $118.51 -30%
ADT Inc ADT $7.06 $17.10 +142%
The Brink's Company BCO $104.24 $101.84 -2%
Brady Corporation BRC $90.16 $73.43 -19%
The GEO Group GEO $29.46 $32.36 +10%

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Frequently asked questions

Is ACTi Corporation (5240) overvalued or undervalued?
As of Jul 21, 2026, our model estimates a fair value of 10.47 TWD versus a price of 17.15 TWD, about −39% (overvalued).
What is the fair value of 5240?
Our model-based fair value for ACTi Corporation is 10.47 TWD (as of Jul 21, 2026), built from audited fundamentals. The current price is 17.15 TWD.
What is the quality score of 5240?
ACTi Corporation has a Quality Score of 70/100. 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 ACTi Corporation (5240)?
ACTi Corporation reported trailing-twelve-month revenue of about 489M TWD (latest available figure, as of Jul 21, 2026).
What is the net profit margin of 5240?
The net profit margin of ACTi Corporation is about 2.7%, meaning it keeps roughly 2.7% of revenue as net income. Based on the latest reported figures.
Does ACTi Corporation pay a dividend?
ACTi Corporation currently shows a dividend yield of about 2.82% relative to its recent price (as of Jul 21, 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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