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Axis Corporation (6292) Fair Value & Analysis

Industrials · TW · Market cap 2.4B TWD

AC Axis Corporation 6292 · TWO
Price60.20 TWD
Fair Value26.05 TWD
Upside-56.7%
Quality63/100
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Weak Growth
Solidly profitable · 10.5% net margin
generates free cash flow
3.49% dividend yield
Ranks above peers (9/13)
Moderate moat 45/100
Evidence: High Range 20.51 TWD – 34.86 TWD Share as image

Fair value as of: Jul 23, 2026

From 22 valuation models · updated 18 days ago

Share price +3.6% over the past month.

A solid business, but screening 57% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (34.86 TWD). The favourable scenario is already priced in.
  • Solid but not exceptional quality (63/100) and above fair value, neither a clear bargain nor a standout compounder.
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Price vs Fair Value (5 years)

88.80 TWD 30.24 TWD Fair Value 26.05 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 30.24 TWD – 88.80 TWD · fair‑value band 20.51 TWD – 34.86 TWD · the 60.20 TWD price screens above the 26.05 TWD fair value. Dashed = 300-day average. As of Jul 23, 2026.

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Analysis

Axis Corporation (6292) currently trades at 60.20 TWD, while our model-based Fair Value estimate is 26.05 TWD, implying the stock looks roughly 56.7% overvalued today. The Quality Score stands at 63/100 (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, Axis Corporation generated revenue of 1.1B TWD at a net margin of 10.5%. Revenue grew 24.1% year over year. It earns a return on equity of 10.3%. Net debt stands at 178M TWD. Fundamentals as of Jul 23, 2026

Our scenario range runs from 20.51 TWD (bear case) to 34.86 TWD (bull case); at 60.20 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 19% below its 52-week high and 54% above its 52-week low, currently above its 200-day average. For context, the median of 10 Industrials peers we cover trades at -48% fair-value upside, at -57%, 6292 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
Residual Income 19.76 TWD 21.21 TWD 24.14 TWD 76
Growth DCF 16.92 TWD 19.64 TWD 24.15 TWD 72
Growth-Adj P/E 22.24 TWD 31.78 TWD 41.31 TWD 68
All 22 models by family
DCF Models
FCF DCF 16.59 TWD 19.42 TWD 24.48 TWD 38
Owner Earnings 29.57 TWD 37.14 TWD 50.73 TWD 31
5Y Revenue Exit 19.50 TWD 25.22 TWD 33.55 TWD 39
5Y EBITDA Exit 21.30 TWD 28.34 TWD 37.66 TWD 41
5Y P/E Exit 28.15 TWD 40.21 TWD 54.54 TWD 38
10Y Revenue Exit 17.91 TWD 22.00 TWD 26.45 TWD 36
10Y EBITDA Exit 19.33 TWD 23.88 TWD 28.81 TWD 37
10Y P/E Exit 23.40 TWD 31.05 TWD 38.49 TWD 35
Earnings-Based
Graham-Dodd 13.60 TWD 16.62 TWD 18.70 TWD 54
EPV 15.71 TWD 16.79 TWD 17.72 TWD 59
Multiples
P/E Multiple 31.50 TWD 42.00 TWD 52.50 TWD 63
P/S Multiple 25.50 TWD 34.00 TWD 42.50 TWD 58
P/B Multiple 25.50 TWD 34.00 TWD 42.50 TWD 55
EV/EBIT 28.05 TWD 34.44 TWD 40.83 TWD 53
EV/EBITDA 27.04 TWD 33.10 TWD 39.15 TWD 54
EV/Revenue 22.56 TWD 28.43 TWD 34.29 TWD 43
Asset-Based
NCAV (Graham) 11.92 TWD 15.97 TWD 23.84 TWD 50
Growth DCF
Growth DCF 16.92 TWD 19.64 TWD 24.15 TWD 72
Rev-Margin DCF 19.50 TWD 25.41 TWD 32.56 TWD 67
Economic Profit
Residual Income 19.76 TWD 21.21 TWD 24.14 TWD 76
ROIC Compounder 15.71 TWD 16.79 TWD 17.72 TWD 67
Growth Earnings
Growth-Adj P/E 22.24 TWD 31.78 TWD 41.31 TWD 68

Widest divergence: Multiples (34.00 TWD) versus Asset-Based (15.97 TWD). Highest evidence: Residual Income (76).

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Key figures & financial health

Revenue (TTM) 1.1B TWD
Revenue growth (YoY) +24.1%
Net margin 10.5%
Return on equity 10.3%
Free cash flow 38.8M TWD FY2025
P/E ratio 25.5
More key figures
Operating margin 8.9%
EPS (TTM) 1.99 TWD
Dividend yield 3.5%
EPS growth (YoY) +103%
Net debt 178M TWD FY2023

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

Quality Score breakdown

Overall quality 63/100

Of which business quality 61 · Market factors (momentum, volatility) 76

Profitability 43
Margins and returns on capital today
Quality Growth 35
Are margins and returns improving?
Cashflow 36
Earnings quality: real cash, not paper profit
Fin. Strength 85
Balance sheet, leverage, solvency risk
Investment 100
Disciplined investing over empire-building
Low Volatility 68
Calm price path (market factor)
Momentum 88
Price trend over the last 3–12 months (market factor)
52W Momentum 65
Distance to the 52-week high (market factor)
Net Issuance 84
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

Axis Corporation engages in the manufacture, process, trade, and import and export of appliances and related peripheral parts in Taiwan. It provides power supplies, transformers, and electronic stabilizers.

Full company description

Axis Corporation engages in the manufacture, process, trade, and import and export of appliances and related peripheral parts in Taiwan. It provides power supplies, transformers, and electronic stabilizers. The company also offers plate type transformers and coils; toroidal coil; low and high frequency transformers and coils; sealed infusion products; and various inductors and coils. Its products are used in commercial business machines/game consoles/plotters; charging systems for electric vehicles and hybrid vehicles/car audio; medical precision equipment and lighting power supplies; lighting and communications/industrial equipment; and transformers for power systems, etc. The company was formerly known as Gomore Corp. and changed its name to Axis Corporation in 1994. Axis Corporation was founded in 1975 and is headquartered in Taoyuan City, Taiwan.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Axis Corporation reported revenue of 1.0B TWD in FY2025 versus 1.2B TWD in FY2021, a compound −4.7%/yr. Reported net income was 93.2M TWD in FY2025, compounding −20.5%/yr from FY2021.

Growth Quality 40/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
1.0B TWD
Latest YoY
−3.3%
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.
−14.6%
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.
−0.3%
Avg. growth/yr (9Y) 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.
−4.0%
Revenue −4.7%/yr
FY21 1.2B TWD
FY22 1.6B TWD
FY23 1.4B TWD
FY24 1.0B TWD
FY25 1.0B TWD
Net income −20.5%/yr
FY21 233M TWD
FY22 184M TWD
FY23 257M TWD
FY24 181M TWD
FY25 93.2M TWD

6292 screens 57% overvalued. Compare with Contemporary Amperex Technology Co →

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Cite: Fair Value Calculator (2026). "Axis Corporation Fair Value". https://www.fairvalue-calculator.com/stock/6292

Peer Group

Electrical Equipment & Parts · 528 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 63 · Top 25%
Fair Value upside −57% · Below median
Return on equity (TTM) 10% · Above median
Return on assets 3% · Below median
Net margin (TTM) 10% · Top 25%
Operating margin (TTM) 9% · Above median
Revenue growth 24% · Above median
Dividend yield (TTM) 3.5% · Top 25%

Valuation Multiples vs Electrical Equipment & Parts median · lower = cheaper

P/E (TTM) 25.5× · Cheaper than median
P/B 2.13× · Cheaper than median
P/S (TTM) 2.23× · Pricier than median
P/FCF 1.9× · Cheaper than median
EV/EBITDA 20.8× · 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 100 · sector 57
PAST 41 · sector 26
HEALTH 0 · sector 97
DIVIDEND 70 · sector 18

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 Electrical Equipment & Parts stocks, each showing price versus our Fair Value estimate (as of Jul 23, 2026).

Stock Price Fair Value vs Fair Value
Contemporary Amperex Technology Co 3750 HK$675.50 HK$391.44 -42%
ABB Ltd ABBN CHF 83.82 CHF 35.46 -58%
Delta Electronics (Thailand) Public Company TDED 10.16 SGD 1.47 SGD -86%
LG Energy Solution, Ltd 373220 334,000 KRW 201,455 KRW -40%
WEG S.A WEGE3 13,210 ARS 7,948 ARS -40%
Sungrow Power Supply Co 300274 ¥114.79 ¥123.83 +8%
Shenzhen Inovance Technology Co 300124 ¥63.43 ¥33.04 -48%
HD Hyundai Electric Co 267260 823,000 KRW 371,133 KRW -55%
LS ELECTRIC Co 010120 190,000 KRW 31,517 KRW -83%
Sieyuan Electric Co 002028 ¥151.73 ¥71.69 -53%

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Frequently asked questions

Is Axis Corporation (6292) overvalued or undervalued?
As of Jul 23, 2026, our model estimates a fair value of 26.05 TWD versus a price of 60.20 TWD, about −57% (overvalued).
What is the fair value of 6292?
Our model-based fair value for Axis Corporation is 26.05 TWD (as of Jul 23, 2026), built from audited fundamentals. The current price is 60.20 TWD.
What is the quality score of 6292?
Axis Corporation has a Quality Score of 63/100. 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 Axis Corporation (6292)?
Axis Corporation reported trailing-twelve-month revenue of about 1.1B TWD (latest available figure, as of Jul 23, 2026).
What is the net profit margin of 6292?
The net profit margin of Axis Corporation is about 10.5%, meaning it keeps roughly 10.5% of revenue as net income. Based on the latest reported figures.
Does Axis Corporation pay a dividend?
Axis Corporation currently shows a dividend yield of about 3.06% 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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