Aerospace Industrial Development Corp
TWSE:2634

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Aerospace Industrial Development Corp
TWSE:2634
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Price: 49.5 TWD -1% Market Closed
Market Cap: NT$46.6B

EV/EBIT

58
Current
93%
More Expensive
vs 3-y average of 30.1

Enterprise Value to EBIT (EV/EBIT) ratio compares a company`s total enterprise value to its earnings before interest and taxes. It shows how much investors are paying for each dollar of the company`s earnings, including both equity and debt.

EV/EBIT
58
=
Enterprise Value
NT$65.1B
/
EBIT
NT$1.2B

Enterprise Value to EBIT (EV/EBIT) ratio compares a company`s total enterprise value to its earnings before interest and taxes. It shows how much investors are paying for each dollar of the company`s earnings, including both equity and debt.

EV/EBIT
58
=
Enterprise Value
NT$65.1B
/
EBIT
NT$1.2B

Valuation Scenarios

Aerospace Industrial Development Corp is trading above its 3-year average

If EV/EBIT returns to its 3-Year Average (30.1), the stock would be worth NT$25.67 (48% downside from current price).

Statistics
Positive Scenarios
0/4
Maximum Downside
-64%
Maximum Upside
No Upside Scenarios
Average Downside
48%
Scenario EV/EBIT Value Implied Price Upside/Downside
Current Multiple 58 NT$49.5
0%
3-Year Average 30.1 NT$25.67
-48%
5-Year Average 33.3 NT$28.41
-43%
Industry Average 36.8 NT$31.41
-37%
Country Average 20.9 NT$17.82
-64%

Forward EV/EBIT
Today’s price vs future ebit

Today's Enterprise Value EBIT Forward EV/EBIT
NT$65.1B
/
Jan 2026
NT$1.2B
=
58
Current
NT$65.1B
/
Dec 2026
NT$2B
=
32.3
Forward
NT$65.1B
/
Dec 2027
NT$3.1B
=
21.2
Forward

Forward EV/EBIT shows whether today’s EV/EBIT still looks high or low once future ebit are taken into account.

Peer Comparison

All Multiples
EV/EBIT
P/E
All Countries
Close
Market Cap EV/EBIT P/E
TW
Aerospace Industrial Development Corp
TWSE:2634
46.6B TWD 58 63.6
US
RTX Corp
LSE:0R2N
233.6B USD 26.5 32.2
US
Raytheon Technologies Corp
NYSE:RTX
234.7B USD 26.6 32.3
US
Boeing Co
NYSE:BA
182.4B USD -36.7 96.5
NL
Airbus SE
PAR:AIR
130.6B EUR 21.6 25
FR
Safran SA
PAR:SAF
112.8B EUR 24.8 15.7
UK
Rolls-Royce Holdings PLC
LSE:RR
95.4B GBP 20.8 16.3
US
Lockheed Martin Corp
NYSE:LMT
117.6B USD 17.2 23.4
US
Howmet Aerospace Inc
NYSE:HWM
97.4B USD 46.6 64.7
US
General Dynamics Corp
NYSE:GD
84.7B USD 16.8 20.1
US
Northrop Grumman Corp
NYSE:NOC
81.7B USD 19.1 17.9
EV/EBIT Multiple
EBIT Growth EV/EBIT to Growth
TW
Aerospace Industrial Development Corp
TWSE:2634
Average EV/EBIT: 27.8
58
N/A N/A
US
RTX Corp
LSE:0R2N
26.5
18%
1.5
US
Raytheon Technologies Corp
NYSE:RTX
26.6
18%
1.5
US
Boeing Co
NYSE:BA
Negative Multiple: -36.7 N/A N/A
NL
Airbus SE
PAR:AIR
21.6
25%
0.9
FR
Safran SA
PAR:SAF
24.8
20%
1.2
UK
Rolls-Royce Holdings PLC
LSE:RR
20.8
4%
5.2
US
Lockheed Martin Corp
NYSE:LMT
17.2
11%
1.6
US
Howmet Aerospace Inc
NYSE:HWM
46.6
17%
2.7
US
General Dynamics Corp
NYSE:GD
16.8
8%
2.1
US
Northrop Grumman Corp
NYSE:NOC
19.1
8%
2.4

Market Distribution

Higher than 85% of companies in Taiwan
Percentile
85th
Based on 671 companies
85th percentile
58
Low
0.2 — 14.9
Typical Range
14.9 — 30.2
High
30.2 —
Distribution Statistics
Taiwan
Min 0.2
30th Percentile 14.9
Median 20.9
70th Percentile 30.2
Max 1 677.9

Aerospace Industrial Development Corp
Glance View

Market Cap
46.6B TWD
Industry
Aerospace & Defense

Nestled in the heart of Taiwan, Aerospace Industrial Development Corp. (AIDC) is a key player in the aerospace sector, skillfully blending technological prowess with strategic insight to carve out a niche in the global market. Born from a rich legacy of defense manufacturing and propelled into the modern era, AIDC specializes in the design, development, and production of various aerospace components and systems. The company's core business revolves around manufacturing aircraft parts and maintenance services for both military and commercial aviation sectors. This dual focus allows AIDC to effectively hedge against fluctuations in either segment, ensuring a steady stream of revenue regardless of market conditions. Collaborative ventures form the backbone of AIDC's operations. By partnering with prominent global aerospace giants, the company not only secures access to cutting-edge technology but also taps into broader market opportunities. These partnerships often result in contracts for the production and assembly of critical aerospace components, such as engines and airframe parts. Furthermore, AIDC extends its expertise by providing comprehensive maintenance, repair, and overhaul (MRO) services, which become increasingly essential as aircraft age. This diversification enables AIDC to capitalize on both new aircraft production cycles and the lucrative aftermarket services arena, firmly establishing its reputation as a versatile and reliable entity in the aerospace industry.

Intrinsic Value
60.99 TWD
Undervaluation 19%
Intrinsic Value
Price NT$49.5
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