Advanced International Multitech Co (8938) Fair Value & Analysis
Consumer Cyclical · TW · Market cap 8.5B TWD
Fair value as of: Jul 22, 2026
From 22 valuation models · updated 19 days ago
Share price −2.0% over the past month.
A solid business, screening 62% undervalued on our models.
What matters now
- The model range is unusually wide (49.75 TWD to 131.36 TWD). The outcome hinges heavily on assumptions, so read the point estimate with caution.
- Solid quality (54/100) at a price below fair value, the discount is the argument here, not the business quality.
Price vs Fair Value (5 years)
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 47.97 TWD – 107.64 TWD · fair‑value band 49.75 TWD – 131.36 TWD · the 53.10 TWD price screens below the 86.26 TWD fair value. Dashed = 300-day average. As of Jul 22, 2026.
Analysis
Advanced International Multitech Co (8938) currently trades at 53.10 TWD, while our model-based Fair Value estimate is 86.26 TWD, implying the stock looks roughly 62.5% undervalued today. The Quality Score stands at 54/100 (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: high), always confirm before acting.
Over the trailing twelve months, Advanced International Multitech Co generated revenue of 15.0B TWD at a net margin of 3.3%. Revenue declined 9.9% year over year. It earns a return on equity of 6.4%. Net debt stands at 1.0B TWD. Fundamentals as of Jul 22, 2026
Our scenario range runs from 49.75 TWD (bear case) to 131.36 TWD (bull case); at 53.10 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 30% 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 62%, 8938 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.
All 22 models by family
Widest divergence: Growth Earnings (114.21 TWD) versus Growth DCF (16.92 TWD). Highest evidence: Growth DCF (80).
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Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Jul 22, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 53 · Market factors (momentum, volatility) 40
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
Advanced International Multitech Co., Ltd. engages in the manufacture and sale of golf equipment, golf ball, and composite materials in the Americas, Asia, and internationally.
Full company description
Advanced International Multitech Co., Ltd. engages in the manufacture and sale of golf equipment, golf ball, and composite materials in the Americas, Asia, and internationally. It offers thermoset and thermoplastic composites; carbon fiber wheels; driver heads, iron heads, putters, and carbon fiber clubs; aircraft interior, automotive parts; electronic product parts, including laptop carbon fiber cover and tablet protector; industrial products, including robot arm accessories, tubular support frame, and assistive devices; and interior components, bicycle parts, and industrial hardware components, as well as technical services. Advanced International Multitech Co., Ltd. was incorporated in 1987 and is headquartered in Kaohsiung, Taiwan.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
Advanced International Multitech Co reported revenue of 15.4B TWD in FY2025 versus 16.9B TWD in FY2021, a compound −2.3%/yr. Reported net income was 949M TWD in FY2025, compounding −8.4%/yr from FY2021.
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Peer Group
Leisure · 190 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.
Valuation Multiples vs Leisure median · lower = cheaper
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.
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.
Similar stocks
10 more Leisure stocks, each showing price versus our Fair Value estimate (as of Jul 22, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| ANTA Sports Products Limited 2020 | HK$74.15 | HK$119.29 | +61% |
| Pop Mart International Group 9992 | HK$160.20 | HK$227.30 | +42% |
| Amer Sports, Inc AS | $36.44 | $16.16 | -56% |
| Hasbro, Inc HAS | $81.55 | $83.38 | +2% |
| Life Time Group LTH | $42.15 | $16.15 | -62% |
| Acushnet Holdings GOLF | $114.78 | $37.79 | -67% |
| Li Ning Company 2331 | HK$14.80 | HK$29.26 | +98% |
| Benefit Systems S.A BFT | 5,255 PLN | 3,714 PLN | -29% |
| Ninebot Limited 689009 | ¥37.82 | ¥39.17 | +4% |
| Asmodee Group ASMDEEB | kr 145.70 | kr 41.90 | -71% |
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Frequently asked questions
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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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