Kung Sing Engineering Corp (5521) fair value: what the stock is really worth
As of Nov 9, 2026: fair value (intrinsic value) of Kung Sing Engineering Corp stock TWD 11.99, price TWD 11.15, upside +7.5%, quality 68 out of 100. Rating: fairly valued. Calculated from audited financials with 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 8, 2026.
How to read this chart
60‑month range 6.26 TWD – 27.35 TWD · fair‑value band 9.00 TWD – 15.00 TWD · the 11.15 TWD price screens below the 11.99 TWD fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). 2 fiscal years are left out: there the valuation rested on only a fraction of the usual models. As of Nov 8, 2026.
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Kung Sing Engineering Corporation, together with its subsidiaries, engages in the construction business in Taiwan. Its projects include bridges, buildings airports harbours, roads, subways, tunnels, and railways.
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The company develops houses and buildings, as well as repairs roads and bridges services. In addition, it is involved in dredging, rust-protection, drilling, waste disposal, and fitting out work services.
It also engages in the window and door installation, interior decoration, light steel frame works, glass installation, kitchenware, bathroom equipment, and painting work services. In addition, it provides water, piping, electrical, air conditioning, and fire equipment related services.
Further, the company is involved in civil projects, residence and factory lease construction, community development, land levy, real estate trading, and rental services.
Additionally, it engages in cement and concrete product, rail vehicle and transportation accessories business, as well as construction materials, machines, and equipment sales. Kung Sing Engineering Corporation was incorporated in 1941 and is based in Taipei City, Taiwan.
Stock analysis
Kung Sing Engineering Corp (5521) currently trades at 11.15 TWD, while our model-based Fair Value estimate is 11.99 TWD, so the stock looks roughly fairly valued today (gap 7.0%).
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Valuation
Bull case: the Growth DCF group reads highest at a median of 70.84 TWD per share, and 16 of the 26 models we run sit above the 11.15 TWD price.
Bear case: the Dividend Discount group reads lowest at 1.45 TWD, and 10 of the 26 models stay below the price. Data coverage for this calculation is low.
Scenario range: 9.00 TWD (bear) to 15.00 TWD (bull), the price of 11.15 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 68/100 (solid quality), in the Industrials sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
Kung Sing Engineering Corp reported revenue of 9.0B TWD in FY2025 versus 3.6B TWD in FY2021, a compound +25.8%/yr. Reported net income was 254M TWD in FY2025, compounding +63.9%/yr from FY2021.
Key figures
Market cap 5.4B TWD (≈ $165M) Micro · P/E ratio 11.7 · P/S ratio 0.56 · EPS (TTM) 0.9500 TWD · Dividend yield 1.3% · Net margin 4.9% · Return on equity 8.3% · Return on assets (EBIT) 0.9% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 35 out of 100 (medium confidence).
What moves the price
The share trades about 59% below its 52-week high and 16% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Industrials peers we cover trades at −41% fair-value upside, at 8%, 5521 screens cheaper than that median.
Fair Value models
Bear9.00 TWDFair Value 11.99 TWDBull15.00 TWD
Price 11.15 TWD · Upside +7.5%
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 (0.6860 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.68/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
+27.3%
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.
+25.0%
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.
+4.8%
Start year 2020 (pandemic). Over 10 years: +2.4% a year
Revenue growth 23 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.
+2.7%
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What shareholders gained per year (last 5 years), in TWD (mathematically smoothed) ⓘ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. Smoothed = median of all growth paths between the years of the window (trend line on the logarithm of earnings per share): a single extreme year cannot distort the rate. The reported figure stays in the tooltip. 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.
−22.6%
Earnings growth per share plus dividend.
Earnings per share, growth per year−23.9%
Dividend (yield on the price)1.3%
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.−13.2% vs 8.8%, 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.23% → 3%
2025 sits 2,281% above its own trend. The rate follows the median trend of the last 5 years, not that single year.
Pace: the 5-year rate starts in 2020 (pandemic)
Growth Forecast
Little optimism in the price
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
less than -40 %
The company could shrink this much every year for the next five years and today's price would still be justified.
Compare Kung Sing Engineering 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 · 787 stocks
Beats the industry median on 11/13 measures
Overall it ranks above its industry peers.
Valuation
Quality Score68 · Top 25%
Fair Value upside+7.5% · Above median
Profitability
Return on equity (12 months)8.3% · Above median
Return on assets1.8% · Below median
Net margin (12 months)4.9% · Above median
Operating margin (12 months)7.7% · Above median
Growth and dividend
Revenue growth (quarter YoY)6.0% · Above median
Dividend yield (12 months)1.3% · Below median
Balance sheet
Debt / equity0.01× · Lowest 25%
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). "Kung Sing Engineering Corp Fair Value". https://www.fairvalue-calculator.com/stock/5521
Frequently asked questions
Is Kung Sing Engineering Corp (5521) overvalued or undervalued?
As of Nov 8, 2026, our model estimates a fair value of 11.99 TWD versus a price of 11.15 TWD, about +8% upside (fairly valued).
What is the fair value of 5521?
Our model-based fair value for Kung Sing Engineering Corp is 11.99 TWD (as of Nov 8, 2026), built from audited fundamentals. The current price: 11.15 TWD.
What is the quality score of 5521?
Kung Sing Engineering Corp has a Quality Score of 68/100. 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 Kung Sing Engineering Corp (5521)?
Our model-based price target is the fair value of 11.99 TWD (as of Nov 8, 2026) from 26 valuation models. Cautious scenario 9.00 TWD, optimistic scenario 15.00 TWD. It is a calculation from audited fundamentals, not an analyst target.
What is the Kung Sing Engineering Corp stock forecast for 2026?
Our models put fair value at 11.99 TWD, about +8% upside versus a price of 11.15 TWD (fairly valued). Cautious scenario 9.00 TWD, optimistic scenario 15.00 TWD. The calculation is refreshed regularly with new filings.
What is the revenue of Kung Sing Engineering Corp (5521)?
Kung Sing Engineering Corp reported trailing-twelve-month revenue of about 9.7B TWD (latest available figure, as of Nov 8, 2026).
Does Kung Sing Engineering Corp pay a dividend?
Kung Sing Engineering Corp currently shows a dividend yield of 1.35% relative to its recent price (as of Nov 8, 2026).
How much is the dividend of Kung Sing Engineering Corp (5521) and when is the ex-dividend date?
Kung Sing Engineering Corp pays a dividend of 0.15 TWD per share a year, a dividend yield of 1.3%. The last ex-dividend date was Jun 25, 2026. The payout ratio is 15.8% of earnings. Free cash flow covers the dividend 35.67 times. Our assessment: Well covered. A low payout and the dividend is fully funded by free cash flow, a comfortable, sustainable dividend.
What growth is priced into Kung Sing Engineering Corp (5521)?
For today's price to be fair in a discounted-cash-flow model, Kung Sing Engineering Corp would have to grow free cash flow by less than minus 40 % per year for five years (discount rate 11.8 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +4.8 % per year. As of Nov 8, 2026.
What discount rate (WACC) does the fair value of 5521 use?
Our models discount Kung Sing Engineering Corp at 11.8 %: a base by market capitalisation (micro), damped by beta 0.54, country premium for Taiwan. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For Kung Sing Engineering Corp that is less than minus 40 % per year for five years, then slowing evenly to 2 % by year ten, using the same discount rate (11.8 %) and the same formula as our fair value.
How much growth has Kung Sing Engineering Corp (5521) delivered so far?
Over the past 5 years revenue at Kung Sing Engineering Corp grew +4.8 % a year. The price currently implies free-cash-flow growth of less than minus 40 % per year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of Kung Sing Engineering Corp (5521) growing?
The median revenue growth in the sector is +7.8 % a year. That is the yardstick for the growth priced into Kung Sing Engineering Corp (less than minus 40 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Kung Sing Engineering Corp (5521)?
The free-cash-flow yield on the price is 48.53 %: that much free cash flow Kung Sing Engineering Corp produces per unit of market value. When it exceeds the discount rate of our models (11.8 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Kung Sing Engineering Corp (5521)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Kung Sing Engineering Corp it is 11.99 TWD per share (as of Nov 8, 2026), against a price of 11.15 TWD. It is the blended result of 26 valuation models in 8 families (DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings).
Is Kung Sing Engineering Corp stock overvalued or undervalued in 2026?
As of Nov 8, 2026, 5521 trades below its calculated fair value: price 11.15 TWD, fair value 11.99 TWD, a gap of about +8% (fairly valued). 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 5521?
No. The price is what the market pays today (11.15 TWD); the fair value is what the company's own numbers justify (11.99 TWD). For Kung Sing Engineering Corp the two are 0.8400 TWD per share apart. That gap is exactly why we show both numbers side by side.
How much is Kung Sing Engineering Corp worth?
The market values Kung Sing Engineering Corp at about 5.4B TWD (market capitalisation, as of Nov 8, 2026). Per share that is 11.15 TWD; our models calculate a fair value of 11.99 TWD per share.
What do the bullish and bearish scenarios say about 5521?
Our models span a range for Kung Sing Engineering Corp: cautious scenario 9.00 TWD, base 11.99 TWD, optimistic 15.00 TWD per share (as of Nov 8, 2026, price 11.15 TWD). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 5521?
Kung Sing Engineering Corp trades at a price-to-earnings ratio of 11.7 (as of Nov 8, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 11.99 TWD is built from several models across several years. Median P/E at fiscal year-end, 5 fiscal years (2021 to 2025), reported earnings: 119.8. Other multiples: P/B 1.0, P/S 0.6.
How solid is the balance sheet of Kung Sing Engineering Corp (5521)?
Balance-sheet figures for Kung Sing Engineering Corp (as of Nov 8, 2026): return on equity 8.3%, debt of 0.01 per unit of equity. They feed the Quality Score of 68/100, which measures business quality independently of the share price.
How far is 5521 from its 52-week high?
Kung Sing Engineering Corp trades at 11.15 TWD, about 59% below its 52-week high of 27.35 TWD and 16% above the low of 9.60 TWD (as of Nov 9, 2026). Distance from the high says nothing about value: that is what the fair value of 11.99 TWD is for.
Which stocks are comparable to Kung Sing Engineering 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 Kung Sing Engineering Corp stock attractive at the current price?
The data as of Nov 8, 2026: price 11.15 TWD, calculated fair value 11.99 TWD (+8%), Quality Score 68/100, from 26 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 5521 calculated?
We run Kung Sing Engineering Corp through 26 models from 8 families: DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings. Every model gets the same audited fundamentals; the fair value of 11.99 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. Kung Sing Engineering Corp currently trades 7% below its own fair value, and the market average says nothing about that. 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 Kung Sing Engineering Corp (5521)?
The closing price on Nov 9, 2026 was 11.15 TWD. Our model-based fair value is 11.99 TWD, about +8% upside (fairly valued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Kung Sing Engineering Corp right now?
The price sits close to our fair value, market and models broadly agree here, little valuation tension. Evidence is limited here (fewer models, shorter history), so the fair value is a rougher estimate than usual.
Where does the earnings growth of Kung Sing Engineering Corp (5521) come from?
Earnings per share at Kung Sing Engineering Corp grew +4.6 % a year from 2015 to 2025. Broken into its drivers: revenue per share +0.0 %, EBIT margin −0.9 %, tax rate +0.6 %, residual (interest, one-offs) +4.9 %. 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 Kung Sing Engineering Corp
How large is the market capitalisation of Kung Sing Engineering Corp (5521)?
The market capitalisation of Kung Sing Engineering Corp is 5.4B TWD (≈ $165M). 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 Kung Sing Engineering Corp (5521)?
The price-to-sales ratio of Kung Sing Engineering Corp is 0.56 (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 Kung Sing Engineering Corp (5521)?
Earnings per share at Kung Sing Engineering Corp are 0.9500 TWD (price ÷ EPS = P/E 11.7). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Kung Sing Engineering Corp (5521)?
The dividend yield of Kung Sing Engineering Corp is 1.3% (payout 15.8%). 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 Kung Sing Engineering Corp (5521)?
The net margin of Kung Sing Engineering Corp is 4.9% (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 Kung Sing Engineering Corp (5521)?
The return on equity (ROE) of Kung Sing Engineering Corp is 8.3% (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 Kung Sing Engineering Corp (5521)?
On an EBIT basis the return on assets of Kung Sing Engineering Corp is 0.9% (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 Kung Sing Engineering Corp (5521)?
The operating margin of Kung Sing Engineering Corp is 7.7% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Kung Sing Engineering Corp (5521)?
Revenue at Kung Sing Engineering Corp is growing +6.0% versus a year earlier (3y avg +25.0%). 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 Kung Sing Engineering Corp (5521)?
Earnings per share at Kung Sing Engineering Corp are growing +198% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net cash does Kung Sing Engineering Corp (5521) hold?
Kung Sing Engineering Corp holds more cash than debt, 7.6B TWD net (fiscal year 2025). The company holds more cash than debt, a safety cushion.
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Thin data
Nov 8, 2026