Amax Hldg Co Ltd (6933) fair value: what the stock is really worth
As of Sep 24, 2026: fair value of Amax Hldg Co Ltd TWD 67.25, price TWD 385, upside -82.5%, quality 46 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
Structural break:
The valuation model sees a lasting decline in earnings power for this stock, the confidence band is broken. Treat the target with caution.
Weakest SetupStrongly overvalued and low quality.
!Fair value 67.25 TWD · Strongly overvalued (−83%)
!Quality 46/100
!Expensive Growth(revenue 5y +15.4 %/yr)
!Thin margins · 3.7% net margin (TTM)
!Low debt · negative free cash flow
·0.65% dividend yield
!Trails peers(4/13)
!Narrow moat36/100
!Evidence only low, so the estimate is less certain
Watch Amax Hldg Co Ltd for free, get notified when fair value or trend changes. Plus fair value for all 35,000+ stocks, 14 days of Pro free, no card.Watch for freePro now: $1 first month
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 Sep 24, 2026.
How to read this chart
35‑month range 112.40 TWD – 385.00 TWD · fair‑value band 46.13 TWD – 101.84 TWD · the 385.00 TWD price screens above the 67.25 TWD fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 24, 2026.
Follow Amax Hldg Co in your weekly email
Every Wednesday you see whether Amax Hldg Co is on track or worth a review, plus price against fair value. Free, up to 3 stocks.
We send you a confirmation link. Unsubscribe with one click.
Amax Holding Co., Ltd. engages in the provision of advanced computing solutions in AI servers and HPC in Asia, the United States, and Europe.
Show more
Amax Holding Co., Ltd. engages in the provision of advanced computing solutions in AI servers and HPC in Asia, the United States, and Europe. The company offers AI data center solutions, such as custom, computing solutions for AI, industrial applications, and cooling technologies; edge AI solutions for AI and server technologies for insights; and liquid cooled solutions, including single-phase cold plate, liquid-to-liquid cooling, immersion cooling, data center cooling, liquidmax workstations, and liquid-to-air cooling. It also provides workstation solutions comprising liquidmax, AR/VR, education, engineering, AI, and media and entertainment; original equipment manufacturing, cooling design, HPC system design, iso and compliance, cluster architecture, and gpu test drive services; and AMAX products, a vertically integrated AI infrastructure provider. Its products are used in AI and LLM, cloud service providers, semiconductor, healthcare, higher education, telecommunications, federal government, multimedia and entertainment, and manufacturing industries. Amax Holding Co., Ltd. was founded in 1979 and is headquartered in Fremont, California.
Stock analysis
Amax Hldg Co Ltd (6933) currently trades at 385.00 TWD, while our model-based Fair Value estimate is 67.25 TWD, implying the stock looks roughly 472.4% overvalued today.
Show more
Valuation
Bull case: the DCF Models group reads highest at a median of 149.07 TWD per share, and 0 of the 17 models we run sit above the 385.00 TWD price.
Bear case: the Dividend Discount group reads lowest at 25.43 TWD, and 17 of the 17 models stay below the price. Evidence for this calculation is low.
Scenario range: 46.13 TWD (bear) to 101.84 TWD (bull), the price of 385.00 TWD sits above 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 46/100 (below-average quality), in the Technology sector.
Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Amax Hldg Co Ltd reported revenue of 7.0B TWD in FY2025 versus 5.2B TWD in FY2021, a compound +7.6%/yr. Reported net income was 213M TWD in FY2025, compounding −3.9%/yr from FY2021.
Key figures
Market cap 16.6B TWD (≈ $524M) · P/E ratio 65.9 · P/S ratio 2.01 · EPS (TTM) 5.84 TWD · Dividend yield 0.6% · Net margin 3.0% · Return on equity 10.9% · Return on assets (EBIT) 7.5%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 38 out of 100 (medium confidence).
What moves the price
The share trades at its 52-week high and 219% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Technology peers we cover trades at −50% fair-value upside, at −83%, 6933 screens richer than that median.
Fair Value models
Bear 46.13 TWDFair Value 67.25 TWDBull 101.84 TWD
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. Based on fiscal year 2025 figures (about 9 months old). Earnings retained since then (2.45 TWD per share) are deliberately not added.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 ⓘ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.58/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
+27.2%
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.
+1.2%
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.
+15.4%
Start year 2020 (pandemic)
’20
’21
’22
’23
’24
’25
What shareholders gained per year (last 5 years), in TWD ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate. Measured in TWD: this currency has depreciated against the euro and dollar over the long run, so part of the nominal rate is currency erosion that never reaches a EUR/USD investor.
−5.5%
Earnings growth per share plus dividend.
Earnings per share, growth per year−6.1%
Dividend (yield on the price)0.6%
Profit margin 2020 to 2025 ⓘ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.0% → 4%
Price, fair value, quality and upside side by side.
Free, no sign-up
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.Computer Hardware · 220 stocks
Beats the industry median on 3/12 measures
Overall it trails its industry peers.
Valuation
Quality Score46 · Below median
Fair Value upside−83% · Bottom 25%
Profitability
Return on equity (TTM)11% · Above median
Return on assets5% · Above median
Net margin (TTM)4% · Above median
Operating margin (TTM)4% · Below median
Growth and dividend
Revenue growth−7% · Bottom 25%
Dividend yield (TTM)0.6% · Bottom 25%
Valuation Multiplesvs Computer Hardware median · lower = cheaper
P/E (TTM)65.9× · Priciest 25%
P/B7.26× · Priciest 25%
P/S (TTM)2.43× · Pricier than median
EV/EBITDA47.5× · Priciest 25%
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 0
FUTURE (revenue growth)0· sector 59
PAST (return on equity)44· sector 26
HEALTH (low debt)100· sector 97
DIVIDEND (yield)13· sector 40
VALUE 0: the price sits above our fair-value range.
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). "Amax Hldg Co Ltd Fair Value". https://www.fairvalue-calculator.com/stock/6933
Frequently asked questions
Is Amax Hldg Co Ltd (6933) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of 67.25 TWD versus a price of 385.00 TWD, about −83% upside (overvalued).
What is the fair value of 6933?
Our model-based fair value for Amax Hldg Co Ltd is 67.25 TWD (as of Sep 24, 2026), built from audited fundamentals. The current price: 385.00 TWD.
What is the quality score of 6933?
Amax Hldg Co Ltd has a Quality Score of 46/100. 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 Amax Hldg Co Ltd (6933)?
Our model-based price target is the fair value of 67.25 TWD (as of Sep 24, 2026) from 17 valuation models. Cautious scenario 46.13 TWD, optimistic scenario 101.84 TWD. It is a calculation from audited fundamentals, not an analyst target.
What is the Amax Hldg Co Ltd stock forecast for 2026?
Our models put fair value at 67.25 TWD, about −83% upside versus a price of 385.00 TWD (overvalued). Cautious scenario 46.13 TWD, optimistic scenario 101.84 TWD. The calculation is refreshed regularly with new filings.
What is the revenue of Amax Hldg Co Ltd (6933)?
Amax Hldg Co Ltd reported trailing-twelve-month revenue of about 6.9B TWD (latest available figure, as of Sep 24, 2026).
Does Amax Hldg Co Ltd pay a dividend?
Amax Hldg Co Ltd currently shows a dividend yield of about 0.65% relative to its recent price (as of Sep 24, 2026).
What is the intrinsic value of Amax Hldg Co Ltd (6933)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Amax Hldg Co Ltd it is 67.25 TWD per share (as of Sep 24, 2026), against a price of 385.00 TWD. It is the blended result of 17 valuation models (cash flow, earnings, asset, dividend).
Is Amax Hldg Co Ltd stock overvalued or undervalued in 2026?
As of Sep 24, 2026, 6933 trades above its calculated fair value: price 385.00 TWD, fair value 67.25 TWD, a gap of about −83% (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 6933?
No. The price is what the market pays today (385.00 TWD); the fair value is what the company's own numbers justify (67.25 TWD). For Amax Hldg Co Ltd the two are 317.75 TWD per share apart. That gap is exactly why we show both numbers side by side.
How much is Amax Hldg Co Ltd worth?
The market values Amax Hldg Co Ltd at about 16.6B TWD (market capitalisation, as of Sep 24, 2026). Per share that is 385.00 TWD; our models calculate a fair value of 67.25 TWD per share.
What do the bullish and bearish scenarios say about 6933?
Our models span a range for Amax Hldg Co Ltd: cautious scenario 46.13 TWD, base 67.25 TWD, optimistic 101.84 TWD per share (as of Sep 24, 2026, price 385.00 TWD). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 6933?
Amax Hldg Co Ltd trades at a price-to-earnings ratio of 65.9 (as of Sep 24, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 67.25 TWD is built from several models across several years. Other multiples: P/B 7.3, P/S 2.4, EV/EBITDA 47.5.
How solid is the balance sheet of Amax Hldg Co Ltd (6933)?
Balance-sheet figures for Amax Hldg Co Ltd (as of Sep 24, 2026): return on equity 10.9%. They feed the Quality Score of 46/100, which measures business quality independently of the share price.
How far is 6933 from its 52-week high?
Amax Hldg Co Ltd trades at 385.00 TWD, at its 52-week high of 385.00 TWD and 219% above the low of 120.62 TWD (as of Sep 24, 2026). Distance from the high says nothing about value: that is what the fair value of 67.25 TWD is for.
Which stocks are comparable to Amax Hldg Co Ltd?
From the same area (Technology) we also value Dell Technologies Inc, Arista Networks, Inc, Seagate Technology Holdings, Western Digital Corporation, 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 Amax Hldg Co Ltd stock attractive at the current price?
The data as of Sep 24, 2026: price 385.00 TWD, calculated fair value 67.25 TWD (−83%), Quality Score 46/100, from 17 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 6933 calculated?
We run Amax Hldg Co Ltd through 17 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 67.25 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 14.0 % above its aggregate fair value. Amax Hldg 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 Amax Hldg Co Ltd (6933)?
The closing price on Sep 24, 2026 was 385.00 TWD. Our model-based fair value is 67.25 TWD, about −83% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Amax Hldg Co Ltd right now?
The price sits above even our optimistic bull case (101.84 TWD). The favourable scenario is already priced in. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution. Solid but not exceptional quality (46/100) and above fair value, neither a clear bargain nor a standout compounder. A fairly wide model range (46.13 TWD to 101.84 TWD) leaves room in how you read the outcome.
Key figures of Amax Hldg Co Ltd
How large is the market capitalisation of Amax Hldg Co Ltd (6933)?
The market capitalisation of Amax Hldg Co Ltd is 16.6B TWD (≈ $524M). 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 Amax Hldg Co Ltd (6933)?
The price-to-sales ratio of Amax Hldg Co Ltd is 2.01 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Amax Hldg Co Ltd (6933)?
Earnings per share at Amax Hldg Co Ltd are 5.84 TWD (price ÷ EPS = P/E 65.9). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Amax Hldg Co Ltd (6933)?
The dividend yield of Amax Hldg Co Ltd is 0.6% (payout 42.8%). 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 Amax Hldg Co Ltd (6933)?
The net margin of Amax Hldg Co Ltd is 3.0% (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 Amax Hldg Co Ltd (6933)?
The return on equity (ROE) of Amax Hldg Co Ltd is 10.9% (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 Amax Hldg Co Ltd (6933)?
On an EBIT basis the return on assets of Amax Hldg Co Ltd is 7.5% (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 Amax Hldg Co Ltd (6933)?
The operating margin of Amax Hldg Co Ltd is 4.2% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Amax Hldg Co Ltd (6933)?
Revenue at Amax Hldg Co Ltd is growing −6.9% versus a year earlier (3y avg +1.2%). 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 Amax Hldg Co Ltd (6933)?
Earnings per share at Amax Hldg Co Ltd are growing +575% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Amax Hldg Co Ltd (6933) generate?
The free cash flow of Amax Hldg Co Ltd is −1.1B 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 cash does Amax Hldg Co Ltd (6933) hold?
Amax Hldg Co Ltd holds more cash than debt, 113M TWD net (fiscal year 2025). The company holds more cash than debt, a safety cushion.
Free · no account needed
Watch Amax Hldg Co Ltd in the live analysis
One click puts Amax Hldg Co Ltd on your watchlist: fair value and trend at a glance, plus comparison, the diversification check and the 35,000+ stock screener. You can also try 14 days of Pro there, no card.
