Axman Enterprise Co. Ltd. (6804) fair value: what the stock is really worth
As of Oct 8, 2026: fair value of Axman Enterprise Co. Ltd. TWD 15.08, price TWD 17.85, upside -15.5%, quality 32 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Oct 4, 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 17.85 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 Oct 4, 2026.
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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.
Stock analysis
Axman Enterprise Co. Ltd. (6804) currently trades at 17.85 TWD, while our model-based Fair Value estimate is 15.08 TWD, 15.5% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the Asset-Based group reads highest at a median of 15.08 TWD per share, and 0 of the 3 models we run sit above the 17.85 TWD price.
Bear case: the Dividend Discount group reads lowest at 7.05 TWD, and 3 of the 3 models stay below the price. Evidence for this calculation is low.
Scenario range: 11.26 TWD (bear) to 22.51 TWD (bull), the price of 17.85 TWD sits inside it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 32/100 (below-average quality), in the Consumer Cyclical sector.
Weak Growth: Revenue is shrinking: the last year, the last three and the last five years are all negative.
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.
Key figures
Market cap 872M TWD (≈ $27.3M) · P/S ratio 0.63 · EPS (TTM) −1.30 TWD · Dividend yield 2.8% · Net margin −7.4% · Return on equity −3.4% · Return on assets (EBIT) 2.9% · Operating margin 5.2%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 28 out of 100 (medium confidence).
What moves the price
The share trades about 12% below its 52-week high and 23% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Consumer Cyclical peers we cover trades at 36% fair-value upside, at −16%, 6804 screens richer than that median.
Fair Value models
Bear 11.26 TWDFair Value 15.08 TWDBull 22.51 TWD
Price 17.85 TWD · Upside -15.5%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single 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. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Evidence ⓘEvidence = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.4/100
Revenue is shrinking: the last year, the last three and the last five years are all negative.
Revenue growth 1 year
−30.8%
Revenue growth 3 years ⓘ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. Per-share growth (which does include buybacks) is in the value-creation card.
−26.1%
Revenue growth 5 years ⓘ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. Per-share growth (which does include buybacks) is in the value-creation card.
−0.3%
Start year 2020 (pandemic)
’20
’21
’22
’23
’24
’25
Profit margin (trend) ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.
3.0% (2020) → −7.0% (2025)
What shareholders gained per year ⓘWe only publish this rate when it is defensible. Reason: fiscal 2025 is a loss year, no rate is defined from a loss
Compare Axman Enterprise Co. Ltd. with another stock
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Peer Groupⓘ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.Leisure · 172 stocks
Beats the industry median on 1/9 measures
Overall it trails its industry peers.
Valuation
Quality Score32 · Bottom 25%
Fair Value upside−15.5% · Below median
Profitability
Return on assets−2.8% · Bottom 25%
Net margin (TTM)−2.9% · Bottom 25%
Operating margin (TTM)5.2% · Below median
Growth and dividend
Revenue growth−8.4% · Bottom 25%
Dividend yield (TTM)2.8% · Below median
Balance sheet
Debt / equity0.13× · Above median
Valuation Multiplesvs Leisure median · lower = cheaper
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Is Axman Enterprise Co. Ltd. (6804) overvalued or undervalued?
As of Oct 4, 2026, our model estimates a fair value of 15.08 TWD versus a price of 17.85 TWD, about −16% upside (overvalued).
What is the fair value of 6804?
Our model-based fair value for Axman Enterprise Co. Ltd. is 15.08 TWD (as of Oct 4, 2026), built from audited fundamentals. The current price: 17.85 TWD.
What is the quality score of 6804?
Axman Enterprise Co. Ltd. has a Quality Score of 32/100. 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 price target for Axman Enterprise Co. Ltd. (6804)?
Our model-based price target is the fair value of 15.08 TWD (as of Oct 4, 2026) from 3 valuation models. Cautious scenario 11.26 TWD, optimistic scenario 22.51 TWD. It is a calculation from audited fundamentals, not an analyst target.
What is the Axman Enterprise Co. Ltd. stock forecast for 2026?
Our models put fair value at 15.08 TWD, about −16% upside versus a price of 17.85 TWD (overvalued). Cautious scenario 11.26 TWD, optimistic scenario 22.51 TWD. The calculation is refreshed regularly with new filings.
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 Oct 4, 2026).
Does Axman Enterprise Co. Ltd. pay a dividend?
Axman Enterprise Co. Ltd. currently shows a dividend yield of about 2.80% relative to its recent price (as of Oct 4, 2026).
What is the intrinsic value of Axman Enterprise Co. Ltd. (6804)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Axman Enterprise Co. Ltd. it is 15.08 TWD per share (as of Oct 4, 2026), against a price of 17.85 TWD. It is the blended result of 3 valuation models (cash flow, earnings, asset, dividend).
Is Axman Enterprise Co. Ltd. stock overvalued or undervalued in 2026?
As of Oct 4, 2026, 6804 trades above its calculated fair value: price 17.85 TWD, fair value 15.08 TWD, a gap of about −16% (overvalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of 6804?
No. The price is what the market pays today (17.85 TWD); the fair value is what the company's own numbers justify (15.08 TWD). For Axman Enterprise Co. Ltd. the two are 2.77 TWD per share apart. That gap is exactly why we show both numbers side by side.
How much is Axman Enterprise Co. Ltd. worth?
The market values Axman Enterprise Co. Ltd. at about 872M TWD (market capitalisation, as of Oct 4, 2026). Per share that is 17.85 TWD; our models calculate a fair value of 15.08 TWD per share.
What do the bullish and bearish scenarios say about 6804?
Our models span a range for Axman Enterprise Co. Ltd.: cautious scenario 11.26 TWD, base 15.08 TWD, optimistic 22.51 TWD per share (as of Oct 4, 2026, price 17.85 TWD). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of Axman Enterprise Co. Ltd. (6804)?
Balance-sheet figures for Axman Enterprise Co. Ltd. (as of Oct 4, 2026): return on equity −3.4%, debt of 0.13 per unit of equity. They feed the Quality Score of 32/100, which measures business quality independently of the share price.
How far is 6804 from its 52-week high?
Axman Enterprise Co. Ltd. trades at 17.85 TWD, about 12% below its 52-week high of 20.35 TWD and 23% above the low of 14.54 TWD (as of Oct 8, 2026). Distance from the high says nothing about value: that is what the fair value of 15.08 TWD is for.
Which stocks are comparable to Axman Enterprise Co. Ltd.?
From the same area (Consumer Cyclical) we also value Pop Mart International Group, ANTA Sports Products Limited, Amer Sports, Inc, Hasbro, Inc, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Axman Enterprise Co. Ltd. stock attractive at the current price?
The data as of Oct 4, 2026: price 17.85 TWD, calculated fair value 15.08 TWD (−16%), Quality Score 32/100, from 3 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of 6804 calculated?
We run Axman Enterprise Co. Ltd. through 3 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of 15.08 TWD, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 14.6 % above its aggregate fair value. Axman Enterprise Co. Ltd. itself currently trades above fair value. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Axman Enterprise Co. Ltd. (6804)?
The closing price on Oct 8, 2026 was 17.85 TWD. Our model-based fair value is 15.08 TWD, about −16% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Axman Enterprise Co. Ltd. right now?
Weak quality (32/100) 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.
Key figures of Axman Enterprise Co. Ltd.
How large is the market capitalisation of Axman Enterprise Co. Ltd. (6804)?
The market capitalisation of Axman Enterprise Co. Ltd. is 872M TWD (≈ $27.3M). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Axman Enterprise Co. Ltd. (6804)?
The price-to-sales ratio of Axman Enterprise Co. Ltd. is 0.63 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Axman Enterprise Co. Ltd. (6804)?
Earnings per share at Axman Enterprise Co. Ltd. are −1.30 TWD. Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Axman Enterprise Co. Ltd. (6804)?
The dividend yield of Axman Enterprise Co. Ltd. is 2.8%. Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of Axman Enterprise Co. Ltd. (6804)?
The net margin of Axman Enterprise Co. Ltd. is −7.4% (fiscal year 2025). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Axman Enterprise Co. Ltd. (6804)?
The return on equity (ROE) of Axman Enterprise Co. Ltd. is −3.4% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Axman Enterprise Co. Ltd. (6804)?
On an EBIT basis the return on assets of Axman Enterprise Co. Ltd. is 2.9% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Axman Enterprise Co. Ltd. (6804)?
The operating margin of Axman Enterprise Co. Ltd. is 5.2% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Axman Enterprise Co. Ltd. (6804)?
Revenue at Axman Enterprise Co. Ltd. is growing −8.4% versus a year earlier (3y avg −26.1%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Axman Enterprise Co. Ltd. (6804)?
Earnings per share at Axman Enterprise Co. Ltd. are growing −62.8% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Axman Enterprise Co. Ltd. (6804) generate?
The free cash flow of Axman Enterprise Co. Ltd. is −341M TWD (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net debt does Axman Enterprise Co. Ltd. (6804) carry?
The net debt of Axman Enterprise Co. Ltd. is 345M TWD (fiscal year 2025). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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