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O-TA Precision Industry Co (8924) Fair Value & Analysis

Consumer Cyclical · TW · Market cap 4.7B TWD

OT O-TA Precision Industry Co 8924 · TWO
Price51.50 TWD
Fair Value93.62 TWD
Upside+81.8%
Quality58/100
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Expensive Growth
Thin margins · 8.8% net margin
Low debt · negative free cash flow
7.72% dividend yield
Ranks above peers (12/13)
Narrow moat 42/100
Evidence: Medium Range 66.12 TWD – 121.70 TWD Share as image

Fair value as of: Jul 22, 2026

From 13 valuation models · updated 20 days ago

Share price −10.1% over the past month.

A solid business, screening 82% undervalued on our models.

What matters now

  • The price is below even our cautious bear case (66.12 TWD). The market is more pessimistic than our downside scenario.
  • Solid quality (58/100) at a price below fair value, the discount is the argument here, not the business quality.
  • A fairly wide model range (66.12 TWD to 121.70 TWD) leaves room in how you read the outcome.
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Price vs Fair Value (5 years)

147.13 TWD 51.50 TWD Fair Value 93.62 TWD Mar 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 22, 2026.

How to read this chart

60‑month range 51.50 TWD – 147.13 TWD · fair‑value band 66.12 TWD – 121.70 TWD · the 51.50 TWD price screens below the 93.62 TWD fair value. Dashed = 300-day average. As of Jul 22, 2026.

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Analysis

O-TA Precision Industry Co (8924) currently trades at 51.50 TWD, while our model-based Fair Value estimate is 93.62 TWD, implying the stock looks roughly 81.8% undervalued today. The Quality Score stands at 58/100 (solid quality), in the Consumer Cyclical sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: medium), always confirm before acting.

Over the trailing twelve months, O-TA Precision Industry Co generated revenue of 4.8B TWD at a net margin of 8.8%. Revenue grew 15.5% year over year. It earns a return on equity of 10.6%. The balance sheet holds a net cash position of 2.1B TWD. Fundamentals as of Jul 22, 2026

Our scenario range runs from 66.12 TWD (bear case) to 121.70 TWD (bull case); at 51.50 TWD, the current price sits below 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 33% below its 52-week high and 3% above its 52-week low, currently below its 200-day average. For context, the median of 10 Consumer Cyclical peers we cover trades at 2% fair-value upside, at 82%, 8924 screens cheaper 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 44.59 TWD 50.75 TWD 88.41 TWD 76
ROIC Compounder 63.67 TWD 70.10 TWD 77.18 TWD 72
Growth-Adj P/E 65.53 TWD 93.62 TWD 121.70 TWD 68
All 13 models by family
DCF Models
Owner Earnings 37.00 TWD 39.83 TWD 45.33 TWD 31
Earnings-Based
Graham-Dodd 38.31 TWD 63.35 TWD 76.85 TWD 54
EPV 63.16 TWD 68.67 TWD 73.42 TWD 59
Multiples
P/E Multiple 92.97 TWD 123.95 TWD 154.94 TWD 63
P/S Multiple 49.75 TWD 66.33 TWD 82.92 TWD 58
P/B Multiple 71.84 TWD 95.78 TWD 119.73 TWD 55
EV/EBIT 102.00 TWD 126.59 TWD 151.17 TWD 53
EV/EBITDA 94.58 TWD 116.69 TWD 138.80 TWD 54
EV/Revenue 74.69 TWD 94.59 TWD 114.49 TWD 43
Asset-Based
NCAV (Graham) 24.89 TWD 33.35 TWD 49.78 TWD 50
Economic Profit
Residual Income 44.59 TWD 50.75 TWD 88.41 TWD 76
ROIC Compounder 63.67 TWD 70.10 TWD 77.18 TWD 72
Growth Earnings
Growth-Adj P/E 65.53 TWD 93.62 TWD 121.70 TWD 68

Widest divergence: Multiples (95.78 TWD) versus Asset-Based (33.35 TWD). Highest evidence: Residual Income (76).

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Key figures & financial health

Revenue (TTM) 4.8B TWD
Revenue growth (YoY) +15.5%
Net margin 8.8%
Return on equity 10.6%
Free cash flow −238M TWD FY2025
P/E ratio 10.0
More key figures
Operating margin 3.0%
EPS (TTM) 5.60 TWD
Dividend yield 7.7%
EPS growth (YoY) -92.3%
Net cash 2.1B TWD FY2023

Figures from reported company fundamentals · as of Jul 22, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 58/100

Of which business quality 57 · Market factors (momentum, volatility) 38

Profitability 47
Margins and returns on capital today
Quality Growth 30
Are margins and returns improving?
Cashflow 11
Earnings quality: real cash, not paper profit
Fin. Strength 98
Balance sheet, leverage, solvency risk
Investment 82
Disciplined investing over empire-building
Low Volatility 85
Calm price path (market factor)
Momentum 19
Price trend over the last 3–12 months (market factor)
52W Momentum 17
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

O-TA Precision Industry Co., Ltd. engages in manufacturing, processing, and selling of golf club heads, shafts, semi-finished goods, and golf equipment. The company operates through Golf equipment and Others segments. It is involved in manufacturing and selling bicycles and plumbing parts, as well as producing carbon fiber composite materials.

Full company description

O-TA Precision Industry Co., Ltd. engages in manufacturing, processing, and selling of golf club heads, shafts, semi-finished goods, and golf equipment. The company operates through Golf equipment and Others segments. It is involved in manufacturing and selling bicycles and plumbing parts, as well as producing carbon fiber composite materials. The company also exports its products. O-TA Precision Industry Co., Ltd. was incorporated in 1988 and is based in Pingtung, Taiwan.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

O-TA Precision Industry Co reported revenue of 4.6B TWD in FY2025 versus 7.9B TWD in FY2021, a compound −12.4%/yr. Reported net income was 472M TWD in FY2025, compounding −27.3%/yr from FY2021.

Growth Quality 27/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2025)
4.6B TWD
Latest YoY
−0.1%
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.
−15.6%
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.
+3.3%
Avg. growth/yr (16Y) 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.
+0.2%
Revenue −12.4%/yr
FY21 7.9B TWD
FY22 7.7B TWD
FY23 4.4B TWD
FY24 4.6B TWD
FY25 4.6B TWD
Net income −27.3%/yr
FY21 1.7B TWD
FY22 1.8B TWD
FY23 407M TWD
FY24 474M TWD
FY25 472M TWD

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Cite: Fair Value Calculator (2026). "O-TA Precision Industry Co Fair Value". https://www.fairvalue-calculator.com/stock/8924

Peer Group

Leisure · 191 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 58 · Above median
Fair Value upside +82% · Top 25%
Return on equity (TTM) 11% · Above median
Return on assets 5% · Above median
Net margin (TTM) 9% · Above median
Operating margin (TTM) 3% · Below median
Revenue growth 16% · Top 25%
Dividend yield (TTM) 7.7% · Top 25%

Valuation Multiples vs Leisure median · lower = cheaper

P/E (TTM) 10.1× · Cheaper than 75% of peers
P/B 1.13× · Cheaper than median
P/S (TTM) 0.99× · Cheaper than median
EV/EBITDA 4.2× · 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 100 · sector 14
FUTURE 78 · sector 18
PAST 42 · sector 19
HEALTH 100 · sector 94
DIVIDEND 100 · sector 52

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.

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10 more Leisure stocks, each showing price versus our Fair Value estimate (as of Jul 22, 2026).

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Frequently asked questions

Is O-TA Precision Industry Co (8924) overvalued or undervalued?
As of Jul 22, 2026, our model estimates a fair value of 93.62 TWD versus a price of 51.50 TWD, about +82% (undervalued).
What is the fair value of 8924?
Our model-based fair value for O-TA Precision Industry Co is 93.62 TWD (as of Jul 22, 2026), built from audited fundamentals. The current price is 51.50 TWD.
What is the quality score of 8924?
O-TA Precision Industry Co has a Quality Score of 58/100. 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 O-TA Precision Industry Co (8924)?
O-TA Precision Industry Co reported trailing-twelve-month revenue of about 4.8B TWD (latest available figure, as of Jul 22, 2026).
What is the net profit margin of 8924?
The net profit margin of O-TA Precision Industry Co is about 8.8%, meaning it keeps roughly 8.8% of revenue as net income. Based on the latest reported figures.
Does O-TA Precision Industry Co pay a dividend?
O-TA Precision Industry Co currently shows a dividend yield of about 7.73% relative to its recent price (as of Jul 22, 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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