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Aerospace Industrial Development Corporation (2634.TW)

TWD68.30 +1.20 (+1.79%)
TW TAI Industrials Aerospace & Defense
Address No. 1, Hanxiang Road 407803
Taichung, TW
CEO Hsiu-Mei Chuang
IPO 2014-08-25
ISIN TW0002634003

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Description

Aerospace Industrial Development Corporation (AIDC), headquartered in Taichung City, Taiwan, is a key global player in the aerospace industry. The company specializes in the comprehensive lifecycle management of aerospace systems and components, from initial development and design to manufacturing, assembly, integration, and rigorous testing. Its extensive portfolio includes the development and production of military aircraft and helicopters, components for commercial aviation, and both aeronautical and industrial engines. AIDC is also deeply involved in the manufacturing, maintenance, and modernization of unmanned aerial vehicles (UAVs) and military aircraft, alongside the fabrication of specialized military hardware. The corporation provides original equipment manufacturing (OEM) services for aircraft structural elements and sub-assemblies, as well as for international commercial jet engines and their associated parts and components. Beyond production, AIDC delivers a full spectrum of aviation services, covering research and development, engineering design, manufacturing support, advanced testing, system integration, and comprehensive after-sales assistance. Its extensive maintenance capabilities span flight line operations, intermediate and depot-level repairs, specialized upkeep for instruments, electronics, accessories, and avionics test equipment, along with harness fabrication, avionics overhaul, and the production of advanced avionic systems. Further offerings include specialized flight operations such as flight testing, in-flight verification of airborne systems, aerial data collection, and pilot training, complemented by information technology solutions and comprehensive logistical support. AIDC's diversified interests also extend to railway systems, automotive electronics, power and energy solutions, and auxiliary power units (APUs) for commercial aircraft. Originally established in 1969 as the Aero Industry Development Center, AIDC has grown to become a cornerstone of Taiwan's advanced manufacturing sector.

Market Cap & Enterprise Value
Merger & Acquisition History

No mergers or acquisitions recorded for this company.

Technical Outlook
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Signal Summary Loading…
Indicator 1D1W2W3W1M
Each column is computed on that timeframe's candles (1D = daily, 1W ≈ weekly, 1M ≈ monthly), not on the same last day. ▲ bullish · ▼ bearish · — neutral. The Net row counts signals per column; hover any cell (or the indicator name) to see the exact rule behind it.
Day Score & sub-scores
Statistical fingerprint & regime detail
Conditional historical analysis
Customize analysis (advanced)
Indicative levels generated algorithmically. Not financial advice.
Risk Profile
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Price Chart
Averages
Trend
Price
Levels
Draw
TWD68.30 +1.20 (+1.79%)
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Volume Profile
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Liquidity & share structure
Average Volume
8M
Beta
0.15
Float Shares
609.79M
Free Float %
64.7%
Price Performance
1D5D1M3M6M YTD1Y3Y5Y10YMax
-0.86% -4.76% -8.63% -18.21% -5.25% -8.99% -1.50% -16.27% +79.88% +6.35% +59.18%
Rolling Volatility
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Drawdown
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Relative Strength
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Monthly Returns Heatmap
From To
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Annual Monthly Returns
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Daily Returns Distribution
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Revenue flow

Revenue by geography

Revenue by segment

From To

Revenue composition

From To

By product

By geography

Financial Statements

Income Statement

Balance Sheet

Cash Flow Statement

Key Metrics

Financial Ratios

Employees

Financial Growth (CAGR)

Market Data

Price Targets & DCF
Current price
68.30
DCF (Unlevered) 19.41 -71.6%

DCF figures are point estimates: small changes in growth or discount-rate assumptions move them materially. Read them as a reference, not a precise target.

Ratings Trend (MoM) 50% Bullish
Rating 2026-05 Change
Strong Buy 1 0
Buy 1 0
Hold 2 0
Sell 0 0
Strong Sell 0 0
Quality scores
Altman Z-Score
1.95
Grey zone
Piotroski F-Score
7 / 9
Strong
MOAT Score
3 / 10
No MOAT
Composite Rating
C
Overall Score
2 / 5
Medium
DCF Score
1 / 5
Low
ROE Score
2 / 5
Medium
ROA Score
3 / 5
Medium
D/E Score
1 / 5
Low
P/E Score
1 / 5
Low
P/Book Score
3 / 5
Medium
Operational MOAT
✗ Below peers
  • Revenue growth Aerospace & Defense: +15.4%
    -9.9% Q1'26: +0.6% (vs Q1'25)
  • EPS growth Aerospace & Defense: +32.2%
    -65.2% Q1'26: +12.0% (vs Q1'25)
  • FCF margin FCF growth · Aerospace & Defense: +45.0%
    -13.3% Q1'26: +34.7% (vs Q1'25)
  • EBIT margin Aerospace & Defense: +9.2%
    +3.9% Q1'26: +3.6% (vs Q1'25)
  • ROIC Aerospace & Defense: +6.2%
    +2.6% Q1'26: +2.2% (vs Q1'25)
  • Share dilution Aerospace & Defense: +0.0%
    -2.7% Q1'26: -1.1% (vs Q1'25)
  • Debt / EBITDA Net debt/EBITDA · Aerospace & Defense: 0.16×
    8.64× Q1'26: 8.78× (vs Q1'25)
Valuation Multiples From To
Price Forecast (3Y) From To
Model
Adjust
P/E
Theoretical Return — If Invested Today

* These projections are based on analyst consensus estimates and user-defined valuation multiples. This table is for informational purposes only and does not constitute a recommendation to buy or sell any security. Past performance is not indicative of future results.

DCF Interactive Model (UFCF)
Projection years:
Market assumptions
WACC components (optional)
Ke (Cost of Equity) = Rf + β (0.19) × ERP
WACC = 62% × Ke + 38% × Kd (4.1%) × (1−t)

Modifying these values recalculates WACC automatically.

Business assumptions
Intrinsic value (base): 19.41 Current price: 68.30
Enterprise Value: Equity Value: Terminal Value: TV as % of EV:

Base values reflect the latest available data for this company and market conditions.

Consensus Estimates
Metric Dec 2015
actual
Dec 2016
actual
Dec 2017
actual
Dec 2018
actual
Dec 2019
actual
Dec 2020
actual
Dec 2021
actual
Dec 2022
actual
Dec 2023
actual
Dec 2024
actual
Dec 2025
actual
Dec 2026
4 Rev. Ana.
1 EPS Ana.
Dec 2027
2 Rev. Ana.
2 EPS Ana.
Revenue
26.88B
est: 26.89B (-0.1%)
27.33B
est: 27.61B (-1.0%)
27.54B
est: 27.06B (+1.8%)
28.18B
est: 28.02B (+0.6%)
28.54B
est: 28.91B (-1.3%)
21.04B
est: 20.69B (+1.7%)
23.73B
est: 23.74B (0.0%)
30.24B
est: 30.24B (+0.0%)
39.10B
est: 39.00B (+0.3%)
39.34B
est: 38.95B (+1.0%)
35.45B
est: 34.43B (+3.0%)
36.89B
33.50B – 39.53B
+7.2% YoY
38.44B
35.37B – 41.51B
+4.2% YoY
EBITDA
3.78B
est: 2.91B (+30.1%)
4.18B
est: 2.99B (+40.0%)
3.65B
est: 2.93B (+25.0%)
3.87B
est: 3.03B (+27.9%)
3.98B
est: 3.13B (+27.4%)
2.09B
est: 2.24B (-6.6%)
2.25B
est: 2.57B (-12.2%)
3.61B
est: 3.27B (+10.5%)
4.58B
est: 4.12B (+11.1%)
4.32B
est: 4.12B (+4.8%)
3.09B
est: 3.64B (-15.0%)
3.90B
3.54B – 4.18B
+7.2% YoY
4.06B
3.74B – 4.39B
+4.2% YoY
EBIT
2.62B
est: 1.53B (+71.0%)
2.72B
est: 1.57B (+73.3%)
2.40B
est: 1.54B (+55.8%)
2.55B
est: 1.59B (+60.0%)
2.59B
est: 1.64B (+57.5%)
659.65M
est: 1.18B (-44.0%)
807.94M
est: 1.35B (-40.2%)
2.20B
est: 1.72B (+27.8%)
3.10B
est: 1.58B (+95.9%)
2.64B
est: 1.58B (+66.6%)
1.38B
est: 1.40B (-1.6%)
1.50B
1.36B – 1.60B
+7.2% YoY
1.56B
1.44B – 1.69B
+4.2% YoY
Net Income
2.03B
est: 2.14B (-5.2%)
2.08B
est: 2.17B (-3.9%)
1.75B
est: 1.84B (-4.8%)
2.09B
est: 2.32B (-9.7%)
1.87B
est: 2.08B (-10.0%)
395.86M
est: 437.97M (-9.6%)
558.01M
est: 671.13M (-16.9%)
1.63B
est: 1.71B (-4.8%)
2.23B
est: 2.30B (-3.4%)
2.17B
est: 2.10B (+3.4%)
733.07M
est: 482.48M (+51.9%)
1.65B
1.39B – 1.71B
+241.6% YoY
2.53B
2.33B – 2.74B
+53.7% YoY
SGA
658.73M
est: 740.13M (-11.0%)
733.74M
est: 759.96M (-3.5%)
723.20M
est: 744.59M (-2.9%)
749.72M
est: 771.23M (-2.8%)
808.86M
est: 795.49M (+1.7%)
713.55M
est: 569.48M (+25.3%)
736.67M
est: 653.18M (+12.8%)
810.14M
est: 832.26M (-2.7%)
916.79M
est: 989.47M (-7.3%)
881.83M
est: 988.35M (-10.8%)
821.61M
est: 873.50M (-5.9%)
936.06M
850.06M – 1.00B
+7.2% YoY
975.34M
897.39M – 1.05B
+4.2% YoY
EPS
2.15
est: 2.26 (-5.0%)
2.29
est: 2.29 (-0.1%)
1.86
est: 1.94 (-4.3%)
2.22
est: 2.45 (-9.4%)
1.99
est: 2.20 (-9.7%)
0.42
est: 0.46 (-9.4%)
0.59
est: 0.71 (-16.9%)
1.73
est: 1.81 (-4.3%)
2.36
est: 2.45 (-3.5%)
2.30
est: 2.29 (+0.2%)
0.80
est: 0.53 (+51.5%)
1.70
1.51 – 1.86
+221.3% YoY
2.76
2.54 – 2.97
+62.4% YoY
Historical Ratings (3M)
Date Rating Overall DCF ROE ROA D/E P/E P/B
2026-05-12 C 2/5 1/5 2/5 3/5 1/5 1/5 3/5
2026-05-11 C 2/5 1/5 2/5 3/5 1/5 1/5 3/5
2026-05-08 C 2/5 1/5 2/5 3/5 1/5 1/5 3/5
2026-05-07 C 2/5 1/5 2/5 3/5 1/5 1/5 3/5
2026-05-06 C 2/5 1/5 2/5 3/5 1/5 1/5 3/5
2026-05-05 C 2/5 1/5 2/5 3/5 1/5 1/5 3/5
2026-05-04 C 2/5 1/5 2/5 3/5 1/5 1/5 3/5
2026-04-30 C 2/5 1/5 2/5 3/5 1/5 1/5 3/5
2026-04-29 C+ 2/5 1/5 2/5 4/5 1/5 1/5 3/5
2026-04-28 C+ 2/5 1/5 2/5 4/5 1/5 1/5 3/5
2026-04-27 C+ 2/5 1/5 2/5 4/5 1/5 1/5 3/5
2026-04-24 C+ 2/5 1/5 2/5 4/5 1/5 1/5 3/5
2026-04-23 C 2/5 1/5 2/5 4/5 1/5 1/5 2/5
2026-04-22 C 2/5 1/5 2/5 4/5 1/5 1/5 2/5
2026-04-21 C 2/5 1/5 2/5 4/5 1/5 1/5 2/5
2026-04-20 C 2/5 1/5 2/5 4/5 1/5 1/5 2/5
2026-04-17 C 2/5 1/5 2/5 4/5 1/5 1/5 2/5
2026-04-16 C 2/5 1/5 2/5 4/5 1/5 1/5 2/5

Owner Earnings

Owner's Earnings (history) From To
Owner alignment
Owner's Earnings TTM
-6.53B
OE per share TTM
-6.92
Owner's Yield
-15.22%
Maintenance CapEx ratio
57.10%
Maint CapEx / Avg PPE
35.8%

Ownership Overview

Ownership breakdown

Ownership breakdown not available.

At a glance
Institutional holders
Total invested
Insider transactions (90d)
0
Beneficial owners (>5%)
0
Beneficial owners (>5%)

No beneficial ownership filings recorded.

Institutional Activity (13F)

Institutional ownership trend

Institutional history not available.

Top institutional holders

Top holders not available.

ETF Ownership

Top ETFs holding this stock Held by 4 ETFs in our universe
# ETF Weight Est. AUM exposure TER
1 iShares Defense Industrials Act IDEF 0.29% 12.04M 0.55%
2 Dimensional World ex U.S. Core Equity 2 ETF DFAX 0.00% 468.5K 0.28%
3 Dimensional - Emerging Markets Core Equity 2 ETF DFEM 0.00% 282.6K 0.39%
4 Dimensional - Emerging Core Equity Market ETF DFAE 0.00% 207.6K 0.29%

Insider Activity

Insider Activity — Latest Quarter

No insider activity available.

Insider buys vs sells (history)

Insider history not available.

Recent insider transactions

No recent insider transactions.

Executive team

Top executives
EBIT / Employee
254.8K
Shares Outstanding
941.87M

Executive compensation

Executive compensation (annual)

Executive compensation not available.

CEO compensation breakdown

No CEO compensation history available.

Proxy statements

Proxy statements (DEF 14A)

No proxy statements available for this company yet.

Recent SEC filings

Recent SEC filings

No SEC filings available for this company yet.

Executive team

NameTitleCompensationGender
Chia-Yu Wei Senior Vice President
Chou Chun Director of Public Relations & Legal Affairs male
Fu-Ji Lin Director of Human Resources Department
Hsiu-Mei Chuang President
Hsiu-Yen Huang Director of Financial & Accounting female
Jennifer Chuang Senior Vice President and Director of Strategy & Operational Management Department female
Kuo-Yi Tseng Vice President male
Xiumei Zhuang Director & Deputy General Manager of Professional Engineering female
ESG Score History

No data available for this company.

Senate Trading Activity

No Senate trading activity found for this company.

House Trading Activity

No House trading activity found for this company.

Market share among peers
Peer comparison — filtered group (TTM)
Your opinion

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Dividend yield history

Dividend history

Earnings history

Earnings reports

Stock splits