Airtac International Group

TWSE:1590 Stock Report

Market Cap: NT$165.0b

Airtac International Group Valuation

Is 1590 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

4/6

Valuation Score 4/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of 1590 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 1590 (NT$825) is trading below our estimate of fair value (NT$874.67)

Significantly Below Fair Value: 1590 is trading below fair value, but not by a significant amount.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 1590?

Key metric: As 1590 is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for 1590. This is calculated by dividing 1590's market cap by their current earnings.
What is 1590's PE Ratio?
PE Ratio21.9x
EarningsNT$7.52b
Market CapNT$165.00b

Price to Earnings Ratio vs Peers

How does 1590's PE Ratio compare to its peers?

The above table shows the PE ratio for 1590 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average44.1x
2049 Hiwin Technologies
42.1x25.7%NT$83.1b
4583 Apex Dynamics
57.7xn/aNT$59.4b
1560 Kinik
46x35.4%NT$44.0b
3376 Shin Zu Shing
30.7x19.9%NT$38.2b
1590 Airtac International Group
21.9x11.7%NT$165.0b

Price-To-Earnings vs Peers: 1590 is good value based on its Price-To-Earnings Ratio (21.9x) compared to the peer average (44.1x).

Price to Earnings Ratio vs Industry

How does 1590's PE Ratio compare vs other companies in the TW Machinery Industry?

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
No more companies available in this PE range
1590 21.9xIndustry Avg. 19.8xNo. of Companies20PE01632486480+
0 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: 1590 is expensive based on its Price-To-Earnings Ratio (21.9x) compared to the TW Machinery industry average (19.8x).

Price to Earnings Ratio vs Fair Ratio

What is 1590's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

1590 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio21.9x
Fair PE Ratio23.7x

Price-To-Earnings vs Fair Ratio: 1590 is good value based on its Price-To-Earnings Ratio (21.9x) compared to the estimated Fair Price-To-Earnings Ratio (23.7x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst 1590 forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentNT$825.00
NT$1,064.06
+29.0%
9.1%NT$1,260.00NT$923.00n/a18
Nov ’25NT$908.00
NT$1,088.67
+19.9%
9.6%NT$1,266.00NT$930.00n/a18
Oct ’25NT$915.00
NT$1,106.61
+20.9%
8.9%NT$1,310.00NT$930.00n/a18
Sep ’25NT$865.00
NT$1,134.56
+31.2%
9.9%NT$1,350.00NT$930.00n/a18
Aug ’25NT$855.00
NT$1,144.00
+33.8%
9.0%NT$1,350.00NT$930.00n/a18
Jul ’25NT$985.00
NT$1,264.63
+28.4%
10.3%NT$1,417.00NT$960.00n/a16
Jun ’25NT$1,020.00
NT$1,273.47
+24.9%
9.5%NT$1,417.00NT$960.00n/a17
May ’25NT$1,160.00
NT$1,254.63
+8.2%
10.7%NT$1,417.00NT$960.00n/a16
Apr ’25NT$1,150.00
NT$1,216.56
+5.8%
10.1%NT$1,350.00NT$960.00n/a16
Mar ’25NT$1,200.00
NT$1,205.20
+0.4%
10.0%NT$1,350.00NT$960.00n/a15
Feb ’25NT$1,005.00
NT$1,206.53
+20.1%
9.9%NT$1,350.00NT$960.00n/a15
Jan ’25NT$1,010.00
NT$1,228.27
+21.6%
8.9%NT$1,350.00NT$900.00n/a15
Dec ’24NT$1,035.00
NT$1,231.50
+19.0%
8.6%NT$1,350.00NT$900.00n/a16
Nov ’24NT$1,020.00
NT$1,231.50
+20.7%
8.6%NT$1,350.00NT$900.00NT$908.0016
Oct ’24NT$979.00
NT$1,181.80
+20.7%
10.8%NT$1,335.00NT$870.00NT$915.0015
Sep ’24NT$903.00
NT$1,171.06
+29.7%
11.1%NT$1,335.00NT$870.00NT$865.0016
Aug ’24NT$963.00
NT$1,187.63
+23.3%
11.2%NT$1,340.00NT$870.00NT$855.0016
Jul ’24NT$1,025.00
NT$1,239.81
+21.0%
11.4%NT$1,420.00NT$870.00NT$985.0016
Jun ’24NT$981.00
NT$1,242.31
+26.6%
11.4%NT$1,420.00NT$870.00NT$1,020.0016
May ’24NT$1,110.00
NT$1,211.13
+9.1%
16.5%NT$1,420.00NT$700.00NT$1,160.0015
Apr ’24NT$1,185.00
NT$1,187.53
+0.2%
16.9%NT$1,440.00NT$700.00NT$1,150.0015
Mar ’24NT$1,115.00
NT$1,166.64
+4.6%
16.6%NT$1,400.00NT$700.00NT$1,200.0014
Feb ’24NT$1,055.00
NT$956.08
-9.4%
23.5%NT$1,300.00NT$554.00NT$1,005.0013
Jan ’24NT$931.00
NT$829.57
-10.9%
22.2%NT$1,200.00NT$554.00NT$1,010.0014
Dec ’23NT$975.00
NT$776.07
-20.4%
16.7%NT$1,060.00NT$554.00NT$1,035.0015
Nov ’23NT$770.00
NT$789.93
+2.6%
20.9%NT$1,250.00NT$554.00NT$1,020.0015

Analyst Forecast: Target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement.

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