SanDi Properties Co Ltd (1438) fair value: what the stock is really worth
As of Nov 9, 2026: fair value (intrinsic value) of SanDi Properties Co Ltd stock TWD 15.93, price TWD 21.55, that is 26.1% below the price, quality 33 out of 100. Rating: overvalued. Calculated from audited financials with 13 of our 26 valuation models and 37 quality factors, updated daily.
69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 7, 2026.
How to read this chart
60‑month range 19.60 TWD – 95.00 TWD · fair‑value band 10.99 TWD – 18.98 TWD · the 21.55 TWD price screens above the 15.93 TWD fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 7, 2026.
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SanDi Properties Co.,Ltd. engages in the construction of commercial and industrial buildings in Taiwan. It is also involved in the residential rental and sale; real estate trading; and other types of department store distribution business.
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The company was formerly known as Yu Foong International Corporation. SanDi Properties Co.,Ltd. was founded in 1944 and is based in Kaohsiung, Taiwan.
Stock analysis
SanDi Properties Co Ltd (1438) currently trades at 21.55 TWD, while our model-based Fair Value estimate is 15.93 TWD, 26% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the Multiples group reads highest at a median of 33.92 TWD per share, and 4 of the 13 models we run sit above the 21.55 TWD price.
Bear case: the Dividend Discount group reads lowest at 6.91 TWD, and 9 of the 13 models stay below the price. Data coverage for this calculation is low.
Scenario range: 10.99 TWD (bear) to 18.98 TWD (bull), the price of 21.55 TWD sits above it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 33/100 (below-average quality), in the Real Estate sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
SanDi Properties Co Ltd reported revenue of 1.3B TWD in FY2025 versus 12.3M TWD in FY2021, a compound +218.1%/yr. Reported net income was 194M TWD in FY2025, compounding +59.3%/yr from FY2021.
Key figures
Market cap 2.6B TWD (≈ $78.8M) Micro · P/E ratio 9.3 · P/S ratio 1.57 · EPS (TTM) 2.31 TWD · Dividend yield 0.9% · Net margin 17.5% · Return on equity 9.6% · Return on assets (EBIT) 1.4% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 34 out of 100 (medium confidence).
What moves the price
The share trades about 39% below its 52-week high and 10% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Real Estate peers we cover trades at −51% fair-value upside, at −26%, 1438 screens cheaper than that median.
Fair Value models
Bear10.99 TWDFair Value 15.93 TWDBull18.98 TWD
Price 21.55 TWD · Downside -26.1%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models. Based on fiscal year 2025 figures (about 10 months old). Earnings retained since then (1.82 TWD per share) are deliberately not added.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. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Coverage ⓘCoverage = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.55/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
+7.9%
Revenue growth 3 years ⓘ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. Per-share growth (which does include buybacks) is in the value-creation card.
+28.4%
Revenue growth 5 years ⓘ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. Per-share growth (which does include buybacks) is in the value-creation card.
+66.5%
Start year 2020 (pandemic). Over 10 years: +48.8% a year
Revenue growth 13 years ⓘ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. Per-share growth (which does include buybacks) is in the value-creation card.
+33.9%
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What shareholders gained per year (last 5 years), in TWD ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate. Measured in TWD: this currency has depreciated against the euro and dollar over the long run, so part of the nominal rate is currency erosion that never reaches a EUR/USD investor.
+17.2%
Earnings growth per share plus dividend.
Earnings per share, growth per year+16.3%
Dividend (yield on the price)0.9%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.base effect: 16.3% / 27.3%
Profit margin 2020 to 2025 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.48% → 24%
Compare SanDi Properties Co Ltd with another stock
Price, fair value, quality and upside side by side.
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Peer Groupⓘ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.Real Estate - Diversified · 114 stocks
Beats the industry median on 5/12 measures
A mixed picture versus its industry peers.
Valuation
Quality Score33 · Bottom 25%
Fair Value upside−26.1% · Below median
Profitability
Return on equity (12 months)9.6% · Top 25%
Return on assets1.3% · Below median
Net margin (12 months)17.5% · Below median
Operating margin (12 months)−62.4% · Bottom 25%
Growth and dividend
Dividend yield (12 months)0.9% · Bottom 25%
Balance sheet
Debt / equity0.31× · Below median
Valuation Multiplesvs Real Estate - Diversified median · lower = cheaper
P/E (12 months)9.3× · Cheaper than median
P/B0.82× · Pricier than median
P/S (12 months)1.57× · Cheaper than median
EV/EBITDA6.9× · Cheapest 25%
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 37
FUTURE (revenue growth)0· sector 5
PAST (return on equity)38· sector 22
HEALTH (low debt)84· sector 74
DIVIDEND (yield)17· sector 64
VALUE 0: the price sits above our fair-value range.
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Cite: Fair Value Calculator (2026). "SanDi Properties Co Ltd Fair Value". https://www.fairvalue-calculator.com/stock/1438
Frequently asked questions
Is SanDi Properties Co Ltd (1438) overvalued or undervalued?
As of Nov 7, 2026, our model estimates a fair value of 15.93 TWD versus a price of 21.55 TWD, about 26% lower (overvalued).
What is the fair value of 1438?
Our model-based fair value for SanDi Properties Co Ltd is 15.93 TWD (as of Nov 7, 2026), built from audited fundamentals. The current price: 21.55 TWD.
What is the quality score of 1438?
SanDi Properties Co Ltd has a Quality Score of 33/100. 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 price target for SanDi Properties Co Ltd (1438)?
Our model-based price target is the fair value of 15.93 TWD (as of Nov 7, 2026) from 13 valuation models. Cautious scenario 10.99 TWD, optimistic scenario 18.98 TWD. It is a calculation from audited fundamentals, not an analyst target.
What is the SanDi Properties Co Ltd stock forecast for 2026?
Our models put fair value at 15.93 TWD, about 26% lower versus a price of 21.55 TWD (overvalued). Cautious scenario 10.99 TWD, optimistic scenario 18.98 TWD. The calculation is refreshed regularly with new filings.
What is the revenue of SanDi Properties Co Ltd (1438)?
SanDi Properties Co Ltd reported trailing-twelve-month revenue of about 1.7B TWD (latest available figure, as of Nov 7, 2026).
Does SanDi Properties Co Ltd pay a dividend?
SanDi Properties Co Ltd currently shows a dividend yield of 0.86% relative to its recent price (as of Nov 7, 2026).
How much is the dividend of SanDi Properties Co Ltd (1438) and when is the ex-dividend date?
SanDi Properties Co Ltd pays a dividend of 0.185 TWD per share a year, a dividend yield of 0.9%. The last ex-dividend date was Sep 9, 2026. The payout ratio is 8.0% of earnings. Our assessment: Token dividend. At a yield of 0.9% the dividend is symbolic. On paper it is not fully covered by earnings or free cash flow, but at this size that hardly matters: even scrapping it entirely would cost less than 0.9% a year, and coverage ratios on amounts this small swing with ordinary working-capital movements. Judge this company on its business, not on its dividend.
What is the intrinsic value of SanDi Properties Co Ltd (1438)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For SanDi Properties Co Ltd it is 15.93 TWD per share (as of Nov 7, 2026), against a price of 21.55 TWD. It is the blended result of 13 valuation models in 7 families (DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Economic Profit, Growth Earnings).
Is SanDi Properties Co Ltd stock overvalued or undervalued in 2026?
As of Nov 7, 2026, 1438 trades above its calculated fair value: price 21.55 TWD, fair value 15.93 TWD, a gap of about −26% (overvalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of 1438?
No. The price is what the market pays today (21.55 TWD); the fair value is what the company's own numbers justify (15.93 TWD). For SanDi Properties Co Ltd the two are 5.62 TWD per share apart. That gap is exactly why we show both numbers side by side.
How much is SanDi Properties Co Ltd worth?
The market values SanDi Properties Co Ltd at about 2.6B TWD (market capitalisation, as of Nov 7, 2026). Per share that is 21.55 TWD; our models calculate a fair value of 15.93 TWD per share.
What do the bullish and bearish scenarios say about 1438?
Our models span a range for SanDi Properties Co Ltd: cautious scenario 10.99 TWD, base 15.93 TWD, optimistic 18.98 TWD per share (as of Nov 7, 2026, price 21.55 TWD). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 1438?
SanDi Properties Co Ltd trades at a price-to-earnings ratio of 9.3 (as of Nov 7, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 15.93 TWD is built from several models across several years. Other multiples: P/B 0.8, P/S 1.6, EV/EBITDA 6.9.
How solid is the balance sheet of SanDi Properties Co Ltd (1438)?
Balance-sheet figures for SanDi Properties Co Ltd (as of Nov 7, 2026): return on equity 9.6%, debt of 0.31 per unit of equity. They feed the Quality Score of 33/100, which measures business quality independently of the share price.
How far is 1438 from its 52-week high?
SanDi Properties Co Ltd trades at 21.55 TWD, about 39% below its 52-week high of 35.40 TWD and 10% above the low of 19.60 TWD (as of Nov 9, 2026). Distance from the high says nothing about value: that is what the fair value of 15.93 TWD is for.
Which stocks are comparable to SanDi Properties Co Ltd?
From the same area (Real Estate) we also value Swiss Prime Site AG, The Phoenix Mills Limited, Prestige Estates Projects Limited, Umm Al Qura for Development and Construction Company, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is SanDi Properties Co Ltd stock attractive at the current price?
The data as of Nov 7, 2026: price 21.55 TWD, calculated fair value 15.93 TWD (−26%), Quality Score 33/100, from 13 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of 1438 calculated?
We run SanDi Properties Co Ltd through 13 models from 7 families: DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Economic Profit, Growth Earnings. Every model gets the same audited fundamentals; the fair value of 15.93 TWD builds on their evidence-weighted average, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 13.3% above its aggregate fair value. SanDi Properties Co Ltd itself currently trades above fair value. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of SanDi Properties Co Ltd (1438)?
The closing price on Nov 9, 2026 was 21.55 TWD. Our model-based fair value is 15.93 TWD, about 26% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with SanDi Properties Co Ltd right now?
The price sits above even our optimistic bull case (18.98 TWD). The favourable scenario is already priced in. Weak quality (33/100) and above fair value at the same time, the margin of safety is missing on both counts. Evidence is limited here (fewer models, shorter history), so the fair value is a rougher estimate than usual. As a real-estate business, asset- and dividend-based methods carry more weight here than a standard DCF.
Key figures of SanDi Properties Co Ltd
How large is the market capitalisation of SanDi Properties Co Ltd (1438)?
The market capitalisation of SanDi Properties Co Ltd is 2.6B TWD (≈ $78.8M). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of SanDi Properties Co Ltd (1438)?
The price-to-sales ratio of SanDi Properties Co Ltd is 1.57 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of SanDi Properties Co Ltd (1438)?
Earnings per share at SanDi Properties Co Ltd are 2.31 TWD (price ÷ EPS = P/E 9.3). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of SanDi Properties Co Ltd (1438)?
The dividend yield of SanDi Properties Co Ltd is 0.9% (payout 8.0%). Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of SanDi Properties Co Ltd (1438)?
The net margin of SanDi Properties Co Ltd is 17.5% (last twelve months). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of SanDi Properties Co Ltd (1438)?
The return on equity (ROE) of SanDi Properties Co Ltd is 9.6% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of SanDi Properties Co Ltd (1438)?
On an EBIT basis the return on assets of SanDi Properties Co Ltd is 1.4% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of SanDi Properties Co Ltd (1438)?
The operating margin of SanDi Properties Co Ltd is −62.4% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast are earnings growing at SanDi Properties Co Ltd (1438)?
Earnings per share at SanDi Properties Co Ltd are growing +13.5% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does SanDi Properties Co Ltd (1438) generate?
The free cash flow of SanDi Properties Co Ltd is −1.7B TWD (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net debt does SanDi Properties Co Ltd (1438) carry?
The net debt of SanDi Properties Co Ltd is 8.1B TWD (fiscal year 2025). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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Thin data
Nov 7, 2026