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Altigen Communications, Inc (ATGN) Fair Value & Analysis

Communication Services · US · Market cap $12.2M

AC Altigen Communications, Inc logo Altigen Communications, Inc ATGN · US
Price$0.4900
Fair Value$0.2700
Upside-44.9%
Quality46/100
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Mixed Growth
Solidly profitable · 18.1% net margin
negative free cash flow
Trails peers (3/11)
Narrow moat 30/100
Evidence: Low Range $0.2300 – $0.3100 Share as image

Fair value as of: Jul 24, 2026

From 2 valuation models · updated 17 days ago

Share price +4.3% over the past month.

Below-average quality, and screening another 45% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case ($0.3100). 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.
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Price vs Fair Value (5 years)

$2.55 $0.3700 Fair Value $0.2700 Apr 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 24, 2026.

How to read this chart

60‑month range $0.3700 – $2.55 · fair‑value band $0.2300 – $0.3100 · the $0.4900 price screens above the $0.2700 fair value. Dashed = 300-day average. As of Jul 24, 2026.

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Analysis

Altigen Communications, Inc (ATGN) currently trades at $0.4900, while our model-based Fair Value estimate is $0.2700, implying the stock looks roughly 44.9% overvalued today. The Quality Score stands at 46/100 (below-average quality), in the Communication Services 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, Altigen Communications, Inc generated revenue of $14.1M at a net margin of 18.1%. Revenue declined 6.1% year over year. It earns a return on equity of -1.0%. Fundamentals as of Jul 24, 2026

Our scenario range runs from $0.2300 (bear case) to $0.3100 (bull case); at $0.4900, the current price sits above 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 32% below its 52-week high and 40% above its 52-week low, currently below its 200-day average. For context, the median of 10 Communication Services peers we cover trades at 32% fair-value upside, at -45%, ATGN 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
EV/EBITDA $0.2300 $0.2700 $0.3100 54
NCAV (Graham) $0.2200 $0.2900 $0.4400 50
All 2 models by family
Multiples
EV/EBITDA $0.2300 $0.2700 $0.3100 54
Asset-Based
NCAV (Graham) $0.2200 $0.2900 $0.4400 50

Widest divergence: Asset-Based ($0.2900) versus Multiples ($0.2700). Highest evidence: EV/EBITDA (54).

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Key figures & financial health

Revenue (TTM) $14.1M
Revenue growth (YoY) -6.1%
Net margin 18.1%
Return on equity -1.0%
Free cash flow −$409K FY2023
Operating margin 2.8%
More key figures
EPS (TTM) $-0.1400
EPS growth (YoY) +11.5%

Figures from reported company fundamentals · as of Jul 24, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 46/100

Of which business quality 45 · Market factors (momentum, volatility) 36

Profitability 35
Margins and returns on capital today
Quality Growth 34
Are margins and returns improving?
Cashflow 7
Earnings quality: real cash, not paper profit
Fin. Strength 65
Balance sheet, leverage, solvency risk
Investment 97
Disciplined investing over empire-building
Low Volatility 38
Calm price path (market factor)
Momentum 41
Price trend over the last 3–12 months (market factor)
52W Momentum 25
Distance to the 52-week high (market factor)
Net Issuance 54
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

Altigen Communications, Inc. designs, develops, markets, and supports integrated communications solutions worldwide. The company offers MaxCS PBX, a suite of software applications to provide analog and VoIP telephone, operator software, and desktop call control software on each extension of the system; MaxCloud UC, a unified communications system for …

Full company description

Altigen Communications, Inc. designs, develops, markets, and supports integrated communications solutions worldwide. The company offers MaxCS PBX, a suite of software applications to provide analog and VoIP telephone, operator software, and desktop call control software on each extension of the system; MaxCloud UC, a unified communications system for instant messaging, desktop sharing, and video conferencing; MaxMobile, a user interface solution for smart phone devices to separate desktop phone calls; and MaxCommunicator, a windows-based desktop application that provides call control and visual voice mail management to the desktop. It also offers MaxAgent, a windows-based desktop application to bring call control and workgroup information to call center agents; MaxSupervisor, a windows-based desktop application for call center supervisors to allow call center or workgroup supervisor to effectively manage a workgroup call, as well as operates FrontStage Cloud Contact Center, a voice, SMS, web chat, and email application product to support its certified partners. In addition, the company provides cloud communications and other financial services solutions. Altigen Communications, Inc. offers technology consulting solutions. The company serves financial services, healthcare, retail, and business services industries through a channel of distributors and resellers. Altigen Communications, Inc. was incorporated in 1994 and is based in Newark, California.

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

Revenue & earnings trend

FY2019 – FY2023 · reported fiscal years

Altigen Communications, Inc reported revenue of $13.7M in FY2023 versus $10.6M in FY2019, a compound +6.5%/yr. Reported net income was −$3.3M in FY2023.

Growth Quality 37/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2023)
$13.7M
Latest YoY
+15.1%
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.
+5.1%
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.
+6.5%
Avg. growth/yr (23Y) 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.
+0.4%
Revenue +6.5%/yr
FY19 $10.6M
FY20 $11.8M
FY21 $11.0M
FY22 $11.9M
FY23 $13.7M
Net income
FY19 $1.9M
FY20 $1.4M
FY21 −$491K
FY22 −$698K
FY23 −$3.3M

ATGN screens 45% overvalued. Compare with China Mobile Limited →

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Cite: Fair Value Calculator (2026). "Altigen Communications, Inc Fair Value". https://www.fairvalue-calculator.com/stock/ATGN

Peer Group

Telecom Services · 250 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 45 · Below median
Fair Value upside −45% · Bottom 25%
Return on assets -9% · Bottom 25%
Net margin (TTM) 18% · Top 25%
Operating margin (TTM) 3% · Below median
Revenue growth -6% · Bottom 25%

Valuation Multiples vs Telecom Services median · lower = cheaper

P/B 1.07× · Cheaper than median
P/S (TTM) 0.86× · Cheaper than median
EV/EBITDA 10.8× · Pricier than median
PEG 1.41× · Pricier than median

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.

Similar stocks

10 more Telecom Services stocks, each showing price versus our Fair Value estimate (as of Jul 24, 2026).

Stock Price Fair Value vs Fair Value
China Mobile Limited 600941 ¥89.98 ¥109.88 +22%
T-Mobile US, Inc TMUS $187.61 $172.67 -8%
Bharti Airtel Limited BHARTIARTL ₹1,922 ₹941.55 -51%
China Telecom Corporation 601728 ¥6.01 ¥8.36 +39%
América Móvil, S.A. AMXB 23.07 MXN 30.35 MXN +32%
Vodafone Group VODN 259.50 MXN 507.27 MXN +95%
Advanced Info Service Public Company ADVANC 379.00 THB 286.77 THB -24%
Chunghwa Telecom Co 2412 133.50 TWD 100.00 TWD -25%
China Unicom (Hong Kong) Limited 0762 HK$6.50 HK$13.03 +100%
Telefónica, S.A TEFN 75.67 MXN 111.01 MXN +47%

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Frequently asked questions

Is Altigen Communications, Inc (ATGN) overvalued or undervalued?
As of Jul 24, 2026, our model estimates a fair value of $0.2700 versus a price of $0.4900, about −45% (overvalued).
What is the fair value of ATGN?
Our model-based fair value for Altigen Communications, Inc is $0.2700 (as of Jul 24, 2026), built from audited fundamentals. The current price is $0.4900.
What is the quality score of ATGN?
Altigen Communications, Inc 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 revenue of Altigen Communications, Inc (ATGN)?
Altigen Communications, Inc reported trailing-twelve-month revenue of about $14.1M (latest available figure, as of Jul 24, 2026).
What is the net profit margin of ATGN?
The net profit margin of Altigen Communications, Inc is about 18.1%, meaning it keeps roughly 18.1% of revenue as net income. Based on the latest reported figures.

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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