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Advanced International Multitech Co., Ltd. (8938.TWO)

TWD54.70 +0.50 (+0.92%)
TW TWO Consumer Cyclical Leisure
Address No. 26, Zhonglin Rd
Kaohsiung, TW
CEO An Hao Liu
Website adgroup.com.tw
IPO 2007-12-31
ISIN TW0008938002

Explore sections of this company profile

Description

Established in 1987 and headquartered in Kaohsiung, Taiwan, Advanced International Multitech Co., Ltd. is a globally active enterprise specializing in the production and distribution of a wide array of goods. The company is a key supplier in the golf industry, manufacturing diverse equipment such as metal woods, irons, wedges, putters, graphite shafts, and complete club assemblies, alongside golf balls. Beyond golf, they are significant contributors to the cycling sector, fabricating carbon fiber components like frames, forks, and other bicycle parts, as well as CFRP (carbon fiber reinforced polymer) wheels. Their expertise also extends to advanced material science, producing both thermoset and thermoplastic composites. Additionally, the firm provides precision investment casting services, crafting components from titanium and stainless steel for various applications, including aircraft interiors, bicycles, industrial machinery, and general hardware. Advanced International Multitech also manufactures plastic products and conducts international trade operations.

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
TWD54.70 +0.50 (+0.92%)
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Volume Profile
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Liquidity & share structure
Average Volume
282.2K
Beta
0.21
Float Shares
112.06M
Free Float %
73.9%
Price Performance
1D5D1M3M6M YTD1Y3Y5Y10YMax
-0.54% -1.77% -10.34% -18.50% -15.27% -20.60% -21.28% -29.39% -14.35% +164.92% -1.84%
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
vs.
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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
54.70
DCF (Unlevered) 64.52 +17.9%
DCF (Levered) 112.44 +105.6%

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)
Rating 2024-11 Change
Strong Buy 0 0
Buy 0 0
Hold 0 0
Sell 0 0
Strong Sell 0 0
Quality scores
Altman Z-Score
2.52
Grey zone
Piotroski F-Score
4 / 9
Average
MOAT Score
1 / 10
No MOAT
Composite Rating
A
Overall Score
4 / 5
High
DCF Score
4 / 5
High
ROE Score
4 / 5
High
ROA Score
5 / 5
High
D/E Score
2 / 5
Medium
P/E Score
4 / 5
High
P/Book Score
4 / 5
High
Operational MOAT
✗ Below peers
  • ✓
    Revenue growth Leisure: +7.6%
    +8.6% ★ Q1'26: -9.9% (vs Q1'25)
  • ✗
    EPS growth Leisure: +13.2%
    -12.8% Q1'26: -67.6% (vs Q1'25)
  • ✓
    FCF margin FCF growth · Leisure: +30.4%
    +1.3% Q1'26: -23.9% (vs Q1'25)
  • ✗
    EBIT margin Leisure: +11.0%
    +8.4% Q1'26: +5.0% (vs Q1'25)
  • ✗
    ROIC Leisure: +6.9%
    +11.4% ★ Q1'26: +7.5% (vs Q1'25)
  • ✗
    Share dilution Leisure: +0.0%
    +3.5% Q1'26: -4.8% (vs Q1'25)
  • ✓
    Debt / EBITDA Net debt/EBITDA · Leisure: -0.39×
    1.40× Q1'26: 3.66× (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 (0.26) × ERP
WACC = 74% × Ke + 26% × Kd (4.0%) × (1−t)

Modifying these values recalculates WACC automatically.

Business assumptions
—
Intrinsic value (base): 64.69 Current price: 54.70
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
1 Rev. Ana.
1 EPS Ana.
Revenue
8.79B
est: 8.79B (+0.0%)
8.95B
est: 8.79B (+1.9%)
10.19B
est: 9.05B (+12.6%)
11.11B
est: 9.77B (+13.8%)
11.76B
est: 10.60B (+10.9%)
12.08B
est: 12.08B (+0.0%)
16.91B
est: 16.65B (+1.5%)
21.42B
est: 21.42B (0.0%)
14.30B
est: 18.82B (-24.0%)
14.19B
est: 14.14B (+0.4%)
15.41B
est: 16.25B (-5.2%)
17.84B
17.84B – 17.84B
+9.7% YoY
EBITDA
558.75M
est: 1.17B (-52.2%)
894.34M
est: 1.17B (-23.5%)
1.03B
est: 1.20B (-14.6%)
1.12B
est: 1.30B (-13.9%)
1.33B
est: 1.41B (-5.8%)
1.43B
est: 1.61B (-10.8%)
2.40B
est: 2.21B (+8.4%)
4.02B
est: 2.85B (+41.0%)
749.90M
est: 2.50B (-70.0%)
2.33B
est: 1.94B (+20.3%)
2.14B
est: 2.23B (-3.7%)
2.45B
2.45B – 2.45B
+9.7% YoY
EBIT
141.12M
est: 796.02M (-82.3%)
494.51M
est: 796.02M (-37.9%)
690.15M
est: 820.21M (-15.9%)
803.31M
est: 885.26M (-9.3%)
953.93M
est: 960.37M (-0.7%)
969.51M
est: 1.09B (-11.4%)
1.85B
est: 1.51B (+22.6%)
3.30B
est: 1.94B (+70.2%)
-62.99M
est: 1.71B (-103.7%)
1.59B
est: 1.29B (+23.5%)
1.29B
est: 1.48B (-13.1%)
1.63B
1.63B – 1.63B
+9.7% YoY
Net Income
6.25M
est: -111.33M (+105.6%)
345.47M
est: -111.33M (+410.3%)
442.40M
est: 348.83M (+26.8%)
568.82M
est: 481.93M (+18.0%)
615.66M
est: 393.36M (+56.5%)
680.71M
est: 695.43M (-2.1%)
1.35B
est: 1.39B (-3.2%)
2.24B
est: 2.36B (-4.9%)
68.97M
est: 1.08B (-93.6%)
1.04B
est: 949.45M (+9.8%)
949.45M
est: 1.28B (-25.6%)
990.93M
990.93M – 990.93M
-22.4% YoY
SGA
574.91M
est: 447.38M (+28.5%)
586.43M
est: 447.38M (+31.1%)
577.51M
est: 460.98M (+25.3%)
627.32M
est: 497.54M (+26.1%)
648.45M
est: 539.75M (+20.1%)
622.63M
est: 614.86M (+1.3%)
778.05M
est: 848.02M (-8.3%)
905.59M
est: 1.09B (-17.0%)
795.40M
est: 958.31M (-17.0%)
839.14M
est: 728.33M (+15.2%)
839.75M
est: 837.17M (+0.3%)
918.65M
918.65M – 918.65M
+9.7% YoY
EPS
0.05
est: -0.75 (+106.7%)
2.59
est: -0.75 (+445.3%)
3.30
est: 2.35 (+40.4%)
4.20
est: 3.25 (+29.4%)
4.55
est: 2.65 (+71.7%)
5.03
est: 4.69 (+7.4%)
10.01
est: 9.38 (+6.7%)
16.92
est: 15.88 (+6.6%)
0.50
est: 7.30 (-93.2%)
7.51
est: 6.18 (+21.5%)
6.18
est: 8.31 (-25.6%)
6.45
6.45 – 6.45
-22.4% YoY
Historical Ratings (3M)
Date Rating Overall DCF ROE ROA D/E P/E P/B
2026-05-08 A 4/5 4/5 4/5 5/5 2/5 4/5 4/5
2026-05-07 A 4/5 4/5 4/5 5/5 2/5 4/5 4/5
2026-05-06 A 4/5 4/5 4/5 5/5 2/5 4/5 4/5
2026-05-05 A 4/5 4/5 4/5 5/5 2/5 4/5 4/5
2026-05-04 A 4/5 4/5 4/5 5/5 2/5 4/5 4/5
2026-04-30 A 4/5 4/5 4/5 5/5 2/5 4/5 4/5
2026-04-29 A 4/5 4/5 4/5 5/5 2/5 4/5 4/5
2026-04-28 A 4/5 4/5 4/5 5/5 2/5 4/5 4/5
2026-04-27 A 4/5 4/5 4/5 5/5 2/5 4/5 4/5
2026-04-24 A 4/5 4/5 4/5 5/5 2/5 4/5 4/5
2026-04-23 A 4/5 4/5 4/5 5/5 1/5 4/5 4/5
2026-04-22 A 4/5 4/5 4/5 5/5 1/5 4/5 4/5
2026-04-21 A 4/5 4/5 4/5 5/5 1/5 4/5 4/5
2026-04-20 A 4/5 4/5 4/5 5/5 1/5 4/5 4/5
2026-04-17 A 4/5 4/5 4/5 5/5 1/5 4/5 4/5
2026-04-16 A 4/5 4/5 4/5 5/5 1/5 4/5 4/5

Owner Earnings

Owner's Earnings (history) From To
Owner alignment
Owner's Earnings TTM
907.12M
OE per share TTM
5.43
Owner's Yield
10.53%
Maintenance CapEx ratio
96.76%
Maint CapEx / Avg PPE
28.8%

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 25 ETFs in our universe
# ETF Weight Est. AUM exposure TER
1 Avantis Emerging Markets Value ETF AVES 0.01% 98.0K 0.36%
2 Vanguard FTSE All-World ex-US Small-Cap ETF VSS 0.00% 682.2K 0.06%
3 Dimensional - Emerging Markets ex China Core Equity ETF DEXC 0.00% 15.3K 0.56%
4 Avantis Emerging Markets Small Cap Equity ETF AVEE 0.00% 5.1K 0.42%
5 Dimensional - Emerging Markets Value ETF DFEV 0.00% 83.5K 0.46%
6 Dimensional - Emerging Markets Core Equity 2 ETF DFEM 0.00% 339.1K 0.39%
7 Avantis Emerging Markets ex-China Equity ETF AVXC 0.00% 13.5K 0.33%
8 Avantis Responsible Emerging Markets Equity ETF AVSE 0.00% 6.7K 0.33%
9 Vanguard FTSE Emerging Markets All Cap Index ETF VEE.TO 0.00% 49.3K 0.26%
10 Vanguard FTSE Emerging Markets Shares ETF VGE.AX 0.00% 21.8K 0.48%

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
91.7K
Shares Outstanding
151.73M

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
Hsi-Chien Cheng Chairman 5M male
An Hao Liu Vice Chairman & Deputy Chief Executive Officer 4M male
Hsiao-Fen Tu Senior Manager of Sports & Leisure Goods Division and Director — female
I-Nan Chou GM & Director — —
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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These are community opinions and do not constitute buy or sell advice to act on. The results shown are based on aggregated opinions and are not an investment recommendation, nor do they intend to influence any investment decision.

Dividend yield history

Dividend history

Earnings history

Earnings reports

Stock splits

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