EN DE

Axman Enterprise Co. Ltd. (6804) Fair Value & Analysis

Consumer Cyclical · TW · Market cap 796M TWD

AE Axman Enterprise Co. Ltd. 6804 · TWO
Price18.55 TWD
Fair Value15.08 TWD
Upside-18.7%
Quality33/100
Watch Axman Enterprise Co. Ltd. for free, get notified when fair value or trend changes. Watch for free

Risks

!Trades 23% ABOVE our fair value of 15.08 TWD
!Weak Growth (revenue 5y −0.3 %/yr)
!Loss-making · -7.6% net margin
!Low debt · negative free cash flow
Weak Growth (revenue 5y −0.3 %/yr)
Loss-making · -7.6% net margin
Low debt · negative free cash flow
3.11% dividend yield
Trails peers (3/10)
Narrow moat 12/100
Evidence: Low Range 11.26 TWD – 22.51 TWD Share as image

Fair value as of: Aug 13, 2026

From 3 valuation models · updated 12 days ago

Share price +7.8% over the past month.

Below-average quality, and trading another 23% above our fair value.

What runs behind every stock

69 individual criteria per stock, every one traceable See the method →

Track Axman Enterprise Co. Ltd. and get told automatically when its fair value or trend turns, plus fair value for all 35,000+ stocks. 14 days of Pro free, no card.

What matters now

  • Weak quality (33/100) and above fair value at the same time, the margin of safety is missing on both counts.
  • A fairly wide model range (11.26 TWD to 22.51 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.
Share this valuation: 𝕏 WhatsApp

Price vs Fair Value (5 years)

67.87 TWD 14.54 TWD Fair Value 15.08 TWD Mar 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 13, 2026.

How to read this chart

60‑month range 14.54 TWD – 67.87 TWD · fair‑value band 11.26 TWD – 22.51 TWD · the 18.55 TWD price screens above the 15.08 TWD fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 13, 2026.

Full chart & analysis →

Which stocks are undervalued right now? Check free Discover now →

Analysis

Axman Enterprise Co. Ltd. (6804) currently trades at 18.55 TWD, while our model-based Fair Value estimate is 15.08 TWD, implying the stock looks roughly 18.7% overvalued today. The Quality Score stands at 33/100 (below-average quality), in the Consumer Cyclical 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: low).

Over the trailing twelve months, Axman Enterprise Co. Ltd. generated revenue of 1.4B TWD at a net margin of -7.6%. Revenue grew 23.1% year over year. It earns a return on equity of -8.7%. Net debt stands at 345M TWD. Fundamentals as of Aug 13, 2026

Our scenario range runs from 11.26 TWD (bear case) to 22.51 TWD (bull case); at 18.55 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 24% below its 52-week high and 24% above its 52-week low, currently above its 200-day average. For context, the median of 10 Consumer Cyclical peers we cover trades at 9% fair-value upside, at -19%, 6804 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
Gordon GGM 5.72 TWD 6.17 TWD 6.84 TWD 70
DDM Multi-Stage 5.72 TWD 6.81 TWD 8.22 TWD 61
NCAV (Graham) 11.26 TWD 15.08 TWD 22.51 TWD 50
All 3 models by family
Dividend Discount
Gordon GGM 5.72 TWD 6.17 TWD 6.84 TWD 70
DDM Multi-Stage 5.72 TWD 6.81 TWD 8.22 TWD 61
Asset-Based
NCAV (Graham) 11.26 TWD 15.08 TWD 22.51 TWD 50

Widest divergence: Asset-Based (15.08 TWD) versus Dividend Discount (6.17 TWD). Highest evidence: Gordon GGM (70).

Notify me when 6804 reaches fair value

Free. You confirm by email (double opt-in) and can unsubscribe anytime in one click.

Key figures & financial health

P/S ratio 0.56 TTM
Dividend yield 3.1%
Net margin -7.6% TTM
Return on equity -8.7% TTM
Return on assets -3.0% TTM
Operating margin 0.5% TTM
More key figures
Profitability
EPS (TTM) -2.83 TWD
Growth
Revenue (TTM) 1.4B TWD TTM
Revenue growth (YoY) +23.1% 3y avg -26.1%
EPS growth (YoY) -62.8%
Balance sheet & cash flow
Free cash flow −341M TWD FY2025
Net debt 345M TWD FY2025

Figures from reported company fundamentals · as of Aug 13, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 33/100

Of which business quality 34 · Market factors (momentum, volatility) 53

Profitability 11
Margins and returns on capital today
Quality Growth 27
Are margins and returns improving?
Cashflow 15
Earnings quality: real cash, not paper profit
Fin. Strength 52
Balance sheet, leverage, solvency risk
Investment 72
Disciplined investing over empire-building
Low Volatility 87
Calm price path (market factor)
Momentum 44
Price trend over the last 3–12 months (market factor)
52W Momentum 29
Distance to the 52-week high (market factor)
Net Issuance 47
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.

All values are scores from 0 to 100 (100 = best against fixed, research-based bands), not percentages. The three market factors (momentum, 52-week proximity, low volatility) are displayed but carry zero weight in the headline number: market sentiment is not a business property.

About the company

Axman Enterprise Co., Ltd. designs, develops, manufactures, and tests bicycles. It offers road bikes, mountain bikes, and carbon fiber frame sets. The company was founded in 1985 and is based in Changhua, Taiwan.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Axman Enterprise Co. Ltd. reported revenue of 1.3B TWD in FY2025 versus 1.8B TWD in FY2021, a compound −7.1%/yr. Reported net income was −99.0M TWD in FY2025.

Growth Quality 4/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
1.3B TWD
Latest YoY
−30.8%
Avg. revenue 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.
−26.1%
Avg. revenue 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%
Value creation/yr We only publish this rate when it is defensible. Reason: fiscal 2025 is a loss year, no rate is defined from a loss
not computed
Revenue −7.1%/yr
FY21 1.8B TWD
FY22 3.3B TWD
FY23 3.4B TWD
FY24 1.9B TWD
FY25 1.3B TWD
Net income
FY21 49.5M TWD
FY22 171M TWD
FY23 115M TWD
FY24 −74.8M TWD
FY25 −99.0M TWD

6804 screens 19% overvalued. Compare with ANTA Sports Products Limited →

Share or link this analysis
For bloggers & editors: embed code + live data

For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.

Cite: Fair Value Calculator (2026). "Axman Enterprise Co. Ltd. Fair Value". https://www.fairvalue-calculator.com/stock/6804

Peer Group

Leisure · 194 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 33 · Bottom 25%
Fair Value upside −19% · Below median
Return on assets -3% · Bottom 25%
Net margin (TTM) -8% · Bottom 25%
Operating margin (TTM) 1% · Below median
Revenue growth 23% · Top 25%
Dividend yield (TTM) 2.7% · Above median
Debt / equity 0.13× · Higher than median

Valuation Multiples vs Leisure median · lower = cheaper

P/S (TTM) 0.02× · 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.

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE8 · sector 19
FUTURE100 · sector 15
PAST0 · sector 19
HEALTH93 · sector 94
DIVIDEND54 · sector 54

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

Similar stocks

10 more Leisure stocks, each showing price versus our Fair Value estimate (as of Aug 13, 2026).

Stock Price Fair Value vs Fair Value
ANTA Sports Products Limited 2020 HK$72.80 HK$119.82 +65%
Pop Mart International Group 9992 HK$151.00 HK$227.30 +51%
Amer Sports, Inc AS $33.03 $16.16 -51%
Hasbro, Inc HAS $94.89 $81.97 -14%
Life Time Group LTH $45.40 $15.61 -66%
Acushnet Holdings GOLF $89.10 $36.89 -59%
Ninebot Limited 689009 ¥44.94 ¥39.73 -12%
Li Ning Company 2331 HK$14.25 HK$29.50 +107%
Mattel, Inc MAT $14.65 $18.93 +29%
Planet Fitness, Inc PLNT $48.26 $52.62 +9%

Compare Axman Enterprise Co. Ltd. with another stock

Price, fair value, quality and upside side by side.

Free, no sign-up

Explore undervalued stocks

More undervalued Consumer Cyclical stocks →

All undervalued stocks TechnologyFinancial ServicesHealthcareConsumer CyclicalConsumer DefensiveCommunication ServicesIndustrialsEnergyBasic MaterialsReal EstateUtilities Deeply Undervalued StocksUndervalued Blue-Chip StocksUndervalued Small-Cap StocksUndervalued Dividend Stocks

Discover undervalued stocks

Pick a strategy and jump into the live analysis with that exact screen applied.

🥇 Backtested Best 🏆 Big Names ⭐ Top Rated 💎 Quality on Sale 🚀 Profitable Growth 🧊 Quality Compounders 💵 Dividend Stars 📈 Strong Momentum 📉 Fallen Angels ⚖️ Deeply Undervalued 🔍 Small-Cap Gems 🏰 Moat at a Fair Price 💼 Insider Buying 🎩 Buffett-Style Quality 📚 Peter Lynch GARP 🧮 Greenblatt Magic Formula 🛡️ Graham Defensive

Discover tools

Stock screener Filter by region, size and sector Compare tool Two stocks side by side Fama-French 3-Factor Model Calculator Run the Fama-French 3-factor model in seconds: expected return from the market, size and value factors - free, with formula, betas and an example. Peter Lynch Fair Value Formula & Calculator Apply Peter Lynch's fair value formula in seconds: fair P/E ≈ earnings growth (+ dividend) - free, with formula and example.

Frequently asked questions

Is Axman Enterprise Co. Ltd. (6804) overvalued or undervalued?
As of Aug 13, 2026, our model estimates a fair value of 15.08 TWD versus a price of 18.55 TWD, about −19% (overvalued).
What is the fair value of 6804?
Our model-based fair value for Axman Enterprise Co. Ltd. is 15.08 TWD (as of Aug 13, 2026), built from audited fundamentals. The current price: 18.55 TWD.
What is the quality score of 6804?
Axman Enterprise Co. Ltd. has a Quality Score of 33/100. 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 Axman Enterprise Co. Ltd. (6804)?
Axman Enterprise Co. Ltd. reported trailing-twelve-month revenue of about 1.4B TWD (latest available figure, as of Aug 13, 2026).
What is the net profit margin of 6804?
The net profit margin of Axman Enterprise Co. Ltd. is about -7.6%, meaning it is currently running at a net loss. Based on the latest reported figures.
Does Axman Enterprise Co. Ltd. pay a dividend?
Axman Enterprise Co. Ltd. currently shows a dividend yield of about 3.04% relative to its recent price (as of Aug 13, 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.

14 days Pro free · no card

Track Axman Enterprise Co. Ltd. and try Pro for 14 days

One email gets you 14 days of full Pro (review alerts, the 35,000+ stock screener, the diversification check) plus the monthly Top-25 report of the most undervalued quality stocks. No card, cancel anytime.

Zero risk: nothing is ever charged. After 14 days you decide whether to stay.