Kindom Construction Corp (2520) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of Kindom Construction Corp stock TWD 27.55, price TWD 33.20, that is 17.0% below the price, quality 28 out of 100. Rating: overvalued. Calculated from audited financials with 9 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 6, 2026.
How to read this chart
60‑month range 22.31 TWD – 66.70 TWD · fair‑value band 26.64 TWD – 34.69 TWD · the 33.20 TWD price screens above the 27.55 TWD fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 6, 2026.
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Kindom Development Co., Ltd., together with its subsidiaries, constructs, develops, and sells real estate properties in Taiwan. It operates through three segments: Building, Construction, and Department Stores segments.
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The Building segment rents or sells business of commissioning construction companies to build public housing and commercial buildings. Its Construction segment integrates the overall management and coordination of construction and management of maintenance projects.
The Department Stores segment is involved in the operation of department stores, supermarkets, and import/export of international trade business.
The company engages in the installation and engineering of electrical and fire safety equipment; investment and operates of shopping malls; supporting engineering consultancy services; shopping mall leasing planning and consulting services; and general investment business, as well as wholesales and retails of medical equipment, and non-store retailing business.
Kindom Development Co., Ltd. was incorporated in 1979 and is based in Taipei, Taiwan.
Stock analysis
Kindom Construction Corp (2520) currently trades at 33.20 TWD, while our model-based Fair Value estimate is 27.55 TWD, 17% 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 59.46 TWD per share, and 5 of the 9 models we run sit above the 33.20 TWD price.
Bear case: the Dividend Discount group reads lowest at 26.87 TWD, and 4 of the 9 models stay below the price. Data coverage for this calculation is medium.
Scenario range: 26.64 TWD (bear) to 34.69 TWD (bull), the price of 33.20 TWD sits inside 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 28/100 (below-average quality), in the Industrials sector.
Weak Growth: Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
Kindom Construction Corp reported revenue of 22.9B TWD in FY2025 versus 25.2B TWD in FY2021, a compound −2.4%/yr. Reported net income was 1.6B TWD in FY2025, compounding −18.4%/yr from FY2021.
Key figures
Market cap 35.2B TWD (≈ $1.1B) Small · P/E ratio 10.0 · P/S ratio 0.76 · EPS (TTM) 3.33 TWD · Dividend yield 4.9% · Net margin 7.6% · Return on equity 11.6% · Return on assets (EBIT) 8.4% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 47 out of 100 (low confidence).
What moves the price
The share trades about 13% below its 52-week high and 15% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Industrials peers we cover trades at −42% fair-value upside, at −17%, 2520 screens cheaper than that median.
Fair Value models
Bear26.64 TWDFair Value 27.55 TWDBull34.69 TWD
Price 33.20 TWD · Downside -17.0%
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 (1.47 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.
Best data coverage
Residual Income31.34 TWD32.41 TWD34.76 TWD76
Gordon GGM15.19 TWD28.55 TWD40.81 TWD67
DDM Multi-Stage15.19 TWD25.19 TWD30.35 TWD67
All 9 models by family
Dividend Discount
Gordon GGM15.19 TWD28.55 TWD40.81 TWD67
DDM Multi-Stage15.19 TWD25.19 TWD30.35 TWD67
Multiples
P/S Multiple32.93 TWD43.91 TWD54.89 TWD57
P/B Multiple60.67 TWD80.89 TWD101.12 TWD55
EV/EBIT48.88 TWD67.73 TWD86.57 TWD65
EV/EBITDA42.69 TWD59.46 TWD76.24 TWD66
EV/Revenue23.53 TWD36.89 TWD50.25 TWD52
Asset-Based
NCAV (Graham)17.87 TWD27.08 TWD33.85 TWD54
Economic Profit
Residual Income31.34 TWD32.41 TWD34.76 TWD76
The fair value above starts from this blend and is adjusted for dilution from new shares.
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.14/100
Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
Revenue growth 1 year
−20.2%
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.
+2.1%
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.
−3.5%
Start year 2020 (pandemic). Over 10 years: +7.8% a year
Revenue growth 24 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.
+4.8%
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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.
−16.0%
Earnings growth per share plus dividend.
Earnings per share, growth per year−20.9%
Dividend (yield on the price)4.9%
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.−20.9% vs 3.5%, slowing
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.19% → 14%
Compare Kindom Construction Corp with another stock
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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.Engineering & Construction · 791 stocks
Beats the industry median on 9/13 measures
Overall it ranks above its industry peers.
Valuation
Quality Score28 · Bottom 25%
Fair Value upside−17.0% · Below median
Profitability
Return on equity (12 months)11.6% · Above median
Return on assets3.6% · Above median
Net margin (12 months)11.4% · Top 25%
Operating margin (12 months)21.0% · Top 25%
Growth and dividend
Revenue growth (quarter YoY)56.6% · Top 25%
Dividend yield (12 months)4.9% · Top 25%
Balance sheet
Debt / equity0.18× · Above median
Valuation Multiplesvs Engineering & Construction median · lower = cheaper
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). "Kindom Construction Corp Fair Value". https://www.fairvalue-calculator.com/stock/2520
Frequently asked questions
Is Kindom Construction Corp (2520) overvalued or undervalued?
As of Nov 6, 2026, our model estimates a fair value of 27.55 TWD versus a price of 33.20 TWD, about 17% lower (overvalued).
What is the fair value of 2520?
Our model-based fair value for Kindom Construction Corp is 27.55 TWD (as of Nov 6, 2026), built from audited fundamentals. The current price: 33.20 TWD.
What is the quality score of 2520?
Kindom Construction Corp has a Quality Score of 28/100. 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 Kindom Construction Corp (2520)?
Our model-based price target is the fair value of 27.55 TWD (as of Nov 6, 2026) from 9 valuation models. Cautious scenario 26.64 TWD, optimistic scenario 34.69 TWD. It is a calculation from audited fundamentals, not an analyst target.
What is the Kindom Construction Corp stock forecast for 2026?
Our models put fair value at 27.55 TWD, about 17% lower versus a price of 33.20 TWD (overvalued). Cautious scenario 26.64 TWD, optimistic scenario 34.69 TWD. The calculation is refreshed regularly with new filings.
What is the revenue of Kindom Construction Corp (2520)?
Kindom Construction Corp reported trailing-twelve-month revenue of about 26.0B TWD (latest available figure, as of Nov 6, 2026).
Does Kindom Construction Corp pay a dividend?
Kindom Construction Corp currently shows a dividend yield of 4.87% relative to its recent price (as of Nov 6, 2026).
How much is the dividend of Kindom Construction Corp (2520) and when is the ex-dividend date?
Kindom Construction Corp pays a dividend of 1.62 TWD per share a year, a dividend yield of 4.9%. The last ex-dividend date was Aug 10, 2026. The payout ratio is 48.5% of earnings. Our assessment: Watch coverage. The dividend isn’t fully covered by free cash flow or earnings, part of it is funded from reserves or debt. Fine for now, but worth watching: if it stays uncovered, the dividend could be cut.
What is the intrinsic value of Kindom Construction Corp (2520)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Kindom Construction Corp it is 27.55 TWD per share (as of Nov 6, 2026), against a price of 33.20 TWD. It is the blended result of 9 valuation models in 4 families (Dividend Discount, Multiples, Asset-Based, Economic Profit).
Is Kindom Construction Corp stock overvalued or undervalued in 2026?
As of Nov 6, 2026, 2520 trades above its calculated fair value: price 33.20 TWD, fair value 27.55 TWD, a gap of about −17% (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 2520?
No. The price is what the market pays today (33.20 TWD); the fair value is what the company's own numbers justify (27.55 TWD). For Kindom Construction Corp the two are 5.65 TWD per share apart. That gap is exactly why we show both numbers side by side.
How much is Kindom Construction Corp worth?
The market values Kindom Construction Corp at about 35.2B TWD (market capitalisation, as of Nov 6, 2026). Per share that is 33.20 TWD; our models calculate a fair value of 27.55 TWD per share.
What do the bullish and bearish scenarios say about 2520?
Our models span a range for Kindom Construction Corp: cautious scenario 26.64 TWD, base 27.55 TWD, optimistic 34.69 TWD per share (as of Nov 6, 2026, price 33.20 TWD). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 2520?
Kindom Construction Corp trades at a price-to-earnings ratio of 10.0 (as of Nov 6, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 27.55 TWD is built from several models across several years. Other multiples: P/B 1.4, P/S 2.0, EV/EBITDA 7.9.
How solid is the balance sheet of Kindom Construction Corp (2520)?
Balance-sheet figures for Kindom Construction Corp (as of Nov 6, 2026): return on equity 11.6%, debt of 0.18 per unit of equity. They feed the Quality Score of 28/100, which measures business quality independently of the share price.
How far is 2520 from its 52-week high?
Kindom Construction Corp trades at 33.20 TWD, about 13% below its 52-week high of 38.35 TWD and 15% above the low of 28.75 TWD (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of 27.55 TWD is for.
Which stocks are comparable to Kindom Construction Corp?
From the same area (Industrials) we also value Quanta Services, Inc, Vinci SA, Larsen & Toubro Limited, Comfort Systems USA, Inc, 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 Kindom Construction Corp stock attractive at the current price?
The data as of Nov 6, 2026: price 33.20 TWD, calculated fair value 27.55 TWD (−17%), Quality Score 28/100, from 9 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 2520 calculated?
We run Kindom Construction Corp through 9 models from 4 families: Dividend Discount, Multiples, Asset-Based, Economic Profit. Every model gets the same audited fundamentals; the fair value of 27.55 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 13.0% above its aggregate fair value. Kindom Construction Corp 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 Kindom Construction Corp (2520)?
The closing price on Nov 6, 2026 was 33.20 TWD. Our model-based fair value is 27.55 TWD, about 17% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Kindom Construction Corp right now?
Weak quality (28/100) and above fair value at the same time, the margin of safety is missing on both counts. The price sits in the upper half of our model range, so the margin of safety is thin. Read the verdict with care: some models are missing inputs, so the estimate scatters more than usual.
Where does the earnings growth of Kindom Construction Corp (2520) come from?
Earnings per share at Kindom Construction Corp grew +7.7 % a year from 2014 to 2025. Broken into its drivers: revenue per share +6.1 %, EBIT margin +1.7 %, tax rate −0.9 %, residual (interest, one-offs) +0.7 %. The four rates multiply to the earnings growth rate, they do not add up. Start and end are three-year averages so a single exceptional year does not distort the result.
Key figures of Kindom Construction Corp
How large is the market capitalisation of Kindom Construction Corp (2520)?
The market capitalisation of Kindom Construction Corp is 35.2B TWD (≈ $1.1B). 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 Kindom Construction Corp (2520)?
The price-to-sales ratio of Kindom Construction Corp is 0.76 (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 Kindom Construction Corp (2520)?
Earnings per share at Kindom Construction Corp are 3.33 TWD (price ÷ EPS = P/E 10.0). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Kindom Construction Corp (2520)?
The dividend yield of Kindom Construction Corp is 4.9% (payout 48.5%). 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 Kindom Construction Corp (2520)?
The net margin of Kindom Construction Corp is 7.6% (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 Kindom Construction Corp (2520)?
The return on equity (ROE) of Kindom Construction Corp is 11.6% (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 Kindom Construction Corp (2520)?
On an EBIT basis the return on assets of Kindom Construction Corp is 8.4% (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 Kindom Construction Corp (2520)?
The operating margin of Kindom Construction Corp is 21.0% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Kindom Construction Corp (2520)?
Revenue at Kindom Construction Corp is growing +56.6% versus a year earlier (3y avg +2.1%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Kindom Construction Corp (2520)?
Earnings per share at Kindom Construction Corp are growing +225% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Kindom Construction Corp (2520) generate?
The free cash flow of Kindom Construction Corp is −4.2B 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 Kindom Construction Corp (2520) carry?
The net debt of Kindom Construction Corp is 6.9B 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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Nov 6, 2026