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HUA YU LIEN Development Co Ltd (1436) fair value: what the stock is really worth

As of Sep 24, 2026: fair value of HUA YU LIEN Development Co Ltd TWD 28.76, price TWD 36.15, upside -20.5%, quality 21 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.

  1. Fair value above price? No
  2. Good quality? No
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Real Estate · TW · ISIN TW0001436004

HY Some data Sep 24, 2026

HUA YU LIEN Development Co Ltd

1436 · TW

Weak valuationQuality is weak on top of the rich price.

!Fair value 28.76 TWD · Overvalued (−20%)
!Quality 21/100
!Mixed Growth (revenue 5y +19.0 %/yr)
✓Highly profitable · 22.9% net margin (TTM)
!Moderate debt · negative free cash flow
·12.48% dividend yield
!Mixed vs. peers (6/13)
!Moderate moat 46/100
!Evidence only medium, so the estimate is less certain
!Weak on valuation: 6 out of 100

What runs behind every stock

69 individual criteria per stock, every one traceable See the method →

Price vs Fair Value

202.00 TWD 31.52 TWD Fair Value 28.76 TWD Apr 2021 Sep 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 24, 2026.

How to read this chart

60‑month range 31.52 TWD – 202.00 TWD · fair‑value band 24.96 TWD – 49.39 TWD · the 36.15 TWD price screens above the 28.76 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. Dashed = 300-day average. As of Sep 24, 2026.

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Company profile

Hua Yu Lien Development Co., Ltd. engages in the real estate business in Taiwan. The company operates through the Building Department and Construction segments. It is involved in housing and building development, and rental; real estate leasing; and provision of construction engineering services. The company was formerly known as Fui Industrial Co., Ltd.

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Hua Yu Lien Development Co., Ltd. engages in the real estate business in Taiwan. The company operates through the Building Department and Construction segments. It is involved in housing and building development, and rental; real estate leasing; and provision of construction engineering services. The company was formerly known as Fui Industrial Co., Ltd. and changed its name to Hua Yu Lien Development Co., Ltd. in June 2013. Hua Yu Lien Development Co., Ltd. was founded in 1956 and is based in Kaohsiung City, Taiwan.

Stock analysis

HUA YU LIEN Development Co Ltd (1436) currently trades at 36.15 TWD, while our model-based Fair Value estimate is 28.76 TWD, implying the stock looks roughly 25.7% overvalued today.

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Valuation

Bull case: the Multiples group reads highest at a median of 85.22 TWD per share, and 5 of the 7 models we run sit above the 36.15 TWD price.

Bear case: the Asset-Based group reads lowest at 22.43 TWD, and 2 of the 7 models stay below the price. Evidence for this calculation is medium.

Scenario range: 24.96 TWD (bear) to 49.39 TWD (bull), the price of 36.15 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 21/100 (below-average quality), in the Real Estate sector.

Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.

HUA YU LIEN Development Co Ltd reported revenue of 3.9B TWD in FY2025 versus 2.6B TWD in FY2021, a compound +10.8%/yr. Reported net income was 973M TWD in FY2025, compounding +18.9%/yr from FY2021.

Key figures

Market cap 8.8B TWD (≈ $276M) · P/E ratio 8.9 · P/S ratio 2.22 · EPS (TTM) 4.07 TWD · Dividend yield 12.5% · Net margin 25.0% · Return on equity 14.7% · Return on assets (EBIT) 8.0%.

Competitive moat

Our AI-assisted moat analysis scores the competitive advantage at 42 out of 100 (low confidence).

What moves the price

The share trades about 50% below its 52-week high and 2% above its 52-week low, currently below its 200-day average.

For context, the median of 10 Real Estate peers we cover trades at 54% fair-value upside, at −20%, 1436 screens richer than that median.

Fair Value models

Bear 24.96 TWD Fair Value 28.76 TWD Bull 49.39 TWD
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single model. 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. Evidence ⓘEvidence = 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.
Highest evidence
Residual Income 30.05 TWD 35.32 TWD 65.74 TWD 71
EV/EBITDA 79.29 TWD 111.35 TWD 143.41 TWD 67
EV/EBIT 105.46 TWD 146.24 TWD 187.03 TWD 66
All 7 models by family
Multiples
P/S Multiple 63.91 TWD 85.22 TWD 106.52 TWD 58
P/B Multiple 50.22 TWD 66.96 TWD 83.70 TWD 55
EV/EBIT 105.46 TWD 146.24 TWD 187.03 TWD 66
EV/EBITDA 79.29 TWD 111.35 TWD 143.41 TWD 67
EV/Revenue 50.59 TWD 79.51 TWD 108.43 TWD 53
Asset-Based
NCAV (Graham) 16.74 TWD 22.43 TWD 33.48 TWD 54
Economic Profit
Residual Income 30.05 TWD 35.32 TWD 65.74 TWD 71

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Quality Score breakdown

Overall quality 21/100

Of which business quality 23 · Market factors (momentum, volatility) 27

Profitability 44
Margins and returns on capital today
Quality Growth 7
Are margins and returns improving?
Cashflow 10
Earnings quality: real cash, not paper profit
Fin. Strength 35
Balance sheet, leverage, solvency risk
Investment 36
Disciplined investing over empire-building
Low Volatility 78
Calm price path (market factor)
Momentum 8
Price trend over the last 3–12 months (market factor)
52W Momentum 1
Distance to the 52-week high (market factor)
Net Issuance 0
Share count: buybacks or dilution?

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Revenue & earnings trend

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. 54/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
−44.1%
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.
−0.4%
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.
+19.0%
Start year 2020 (pandemic)
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.
+35.4%
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.
+29.7%
Earnings growth per share plus dividend.
Earnings per share, growth per year+17.2%
Dividend (yield on the price)12.5%
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.17% vs 11%, picking up
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.18% → 37%
Start year 2020 (pandemic)

1436 screens 26% overvalued. Compare with Sun Hung Kai Properties Limited →

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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 - Development · 577 stocks

Beats the industry median on 6/13 measures
A mixed picture versus its industry peers.
Valuation
Quality Score 21 · Bottom 25%
Fair Value upside −21% · Below median
Profitability
Return on equity (TTM) 15% · Top 25%
Return on assets 4% · Top 25%
Net margin (TTM) 23% · Top 25%
Operating margin (TTM) −16% · Bottom 25%
Growth and dividend
Revenue growth −77% · Bottom 25%
Dividend yield (TTM) 12.5% · Top 25%
Balance sheet
Debt / equity 0.87× · Highest 25%

Valuation Multiplesvs Real Estate - Development median · lower = cheaper

P/E (TTM) 8.9× · Cheaper than median
P/B 1.35× · Priciest 25%
P/S (TTM) 2.41× · Pricier than median
EV/EBITDA 9.2× · Cheaper than median

Strength profile in five axes (Snowflake)

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE (fair-value potential)6 · sector 49
FUTURE (revenue growth)0 · sector 0
PAST (return on equity)59 · sector 12
HEALTH (low debt)57 · sector 83
DIVIDEND (yield)100 · sector 56

Context: sector, industry, market

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

Similar stocks

10 more Real Estate - Development stocks, each showing price versus our Fair Value estimate.

Stock Price Fair Value vs Fair Value
Sun Hung Kai Properties Limited 0016 HK$109.10 HK$147.78 +35%
China Resources Land Limited 1109 HK$29.62 HK$74.05 +150%
Vinhomes Joint Stock Company VHM 68,200 VND 112,796 VND +65%
CK Asset Holdings 1113 HK$46.44 HK$71.69 +54%
Hongkong Land Holdings H78 $8.74 $1.52 −83%
DLF Limited DLF ₹675.00 ₹167.21 −75%
China Overseas Land & Investment Limited 0688 HK$12.43 HK$22.35 +80%
Lodha Developers Limited LODHA ₹1,163 ₹275.95 −76%
Poly Developments and Holdings 600048 ¥5.64 ¥14.10 +150%
CTP N.V CTPNV €13.58 €10.30 −24%

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Cite: Fair Value Calculator (2026). "HUA YU LIEN Development Co Ltd Fair Value". https://www.fairvalue-calculator.com/stock/1436

Frequently asked questions

Is HUA YU LIEN Development Co Ltd (1436) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of 28.76 TWD versus a price of 36.15 TWD, about −20% upside (overvalued).
What is the fair value of 1436?
Our model-based fair value for HUA YU LIEN Development Co Ltd is 28.76 TWD (as of Sep 24, 2026), built from audited fundamentals. The current price: 36.15 TWD.
What is the quality score of 1436?
HUA YU LIEN Development Co Ltd has a Quality Score of 21/100. 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 HUA YU LIEN Development Co Ltd (1436)?
Our model-based price target is the fair value of 28.76 TWD (as of Sep 24, 2026) from 7 valuation models. Cautious scenario 24.96 TWD, optimistic scenario 49.39 TWD. It is a calculation from audited fundamentals, not an analyst target.
What is the HUA YU LIEN Development Co Ltd stock forecast for 2026?
Our models put fair value at 28.76 TWD, about −20% upside versus a price of 36.15 TWD (overvalued). Cautious scenario 24.96 TWD, optimistic scenario 49.39 TWD. The calculation is refreshed regularly with new filings.
What is the revenue of HUA YU LIEN Development Co Ltd (1436)?
HUA YU LIEN Development Co Ltd reported trailing-twelve-month revenue of about 3.7B TWD (latest available figure, as of Sep 24, 2026).
Does HUA YU LIEN Development Co Ltd pay a dividend?
HUA YU LIEN Development Co Ltd currently shows a dividend yield of about 12.48% relative to its recent price (as of Sep 24, 2026).
What is the intrinsic value of HUA YU LIEN Development Co Ltd (1436)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For HUA YU LIEN Development Co Ltd it is 28.76 TWD per share (as of Sep 24, 2026), against a price of 36.15 TWD. It is the blended result of 7 valuation models (cash flow, earnings, asset, dividend).
Is HUA YU LIEN Development Co Ltd stock overvalued or undervalued in 2026?
As of Sep 24, 2026, 1436 trades above its calculated fair value: price 36.15 TWD, fair value 28.76 TWD, a gap of about −20% (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 1436?
No. The price is what the market pays today (36.15 TWD); the fair value is what the company's own numbers justify (28.76 TWD). For HUA YU LIEN Development Co Ltd the two are 7.39 TWD per share apart. That gap is exactly why we show both numbers side by side.
How much is HUA YU LIEN Development Co Ltd worth?
The market values HUA YU LIEN Development Co Ltd at about 8.8B TWD (market capitalisation, as of Sep 24, 2026). Per share that is 36.15 TWD; our models calculate a fair value of 28.76 TWD per share.
What do the bullish and bearish scenarios say about 1436?
Our models span a range for HUA YU LIEN Development Co Ltd: cautious scenario 24.96 TWD, base 28.76 TWD, optimistic 49.39 TWD per share (as of Sep 24, 2026, price 36.15 TWD). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 1436?
HUA YU LIEN Development Co Ltd trades at a price-to-earnings ratio of 8.9 (as of Sep 24, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 28.76 TWD is built from several models across several years. Other multiples: P/B 1.4, P/S 2.4, EV/EBITDA 9.2.
How solid is the balance sheet of HUA YU LIEN Development Co Ltd (1436)?
Balance-sheet figures for HUA YU LIEN Development Co Ltd (as of Sep 24, 2026): return on equity 14.7%, debt of 0.87 per unit of equity. They feed the Quality Score of 21/100, which measures business quality independently of the share price.
How far is 1436 from its 52-week high?
HUA YU LIEN Development Co Ltd trades at 36.15 TWD, about 50% below its 52-week high of 73.00 TWD and 2% above the low of 35.40 TWD (as of Sep 24, 2026). Distance from the high says nothing about value: that is what the fair value of 28.76 TWD is for.
Which stocks are comparable to HUA YU LIEN Development Co Ltd?
From the same area (Real Estate) we also value Sun Hung Kai Properties Limited, China Resources Land Limited, Vinhomes Joint Stock Company, CK Asset Holdings, 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 HUA YU LIEN Development Co Ltd stock attractive at the current price?
The data as of Sep 24, 2026: price 36.15 TWD, calculated fair value 28.76 TWD (−20%), Quality Score 21/100, from 7 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 1436 calculated?
We run HUA YU LIEN Development Co Ltd through 7 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of 28.76 TWD, 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. HUA YU LIEN Development 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 HUA YU LIEN Development Co Ltd (1436)?
The closing price on Sep 24, 2026 was 36.15 TWD. Our model-based fair value is 28.76 TWD, about −20% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with HUA YU LIEN Development Co Ltd right now?
Weak quality (21/100) and above fair value at the same time, the margin of safety is missing on both counts. A fairly wide model range (24.96 TWD to 49.39 TWD) leaves room in how you read the outcome. As a real-estate business, asset- and dividend-based methods carry more weight here than a standard DCF.
Where does the earnings growth of HUA YU LIEN Development Co Ltd (1436) come from?
Earnings per share at HUA YU LIEN Development Co Ltd grew +19.1 % a year from 2014 to 2025. Broken into its drivers: revenue per share +6.7 %, EBIT margin +11.6 %, tax rate −1.1 %, residual (interest, one-offs) +1.3 %. 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 HUA YU LIEN Development Co Ltd

How large is the market capitalisation of HUA YU LIEN Development Co Ltd (1436)?
The market capitalisation of HUA YU LIEN Development Co Ltd is 8.8B TWD (≈ $276M). 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 HUA YU LIEN Development Co Ltd (1436)?
The price-to-sales ratio of HUA YU LIEN Development Co Ltd is 2.22 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of HUA YU LIEN Development Co Ltd (1436)?
Earnings per share at HUA YU LIEN Development Co Ltd are 4.07 TWD (price ÷ EPS = P/E 8.9). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of HUA YU LIEN Development Co Ltd (1436)?
The dividend yield of HUA YU LIEN Development Co Ltd is 12.5% (payout 111%). 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 HUA YU LIEN Development Co Ltd (1436)?
The net margin of HUA YU LIEN Development Co Ltd is 25.0% (fiscal year 2025). 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 HUA YU LIEN Development Co Ltd (1436)?
The return on equity (ROE) of HUA YU LIEN Development Co Ltd is 14.7% (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 HUA YU LIEN Development Co Ltd (1436)?
On an EBIT basis the return on assets of HUA YU LIEN Development Co Ltd is 8.0% (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 HUA YU LIEN Development Co Ltd (1436)?
The operating margin of HUA YU LIEN Development Co Ltd is −16.1% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at HUA YU LIEN Development Co Ltd (1436)?
Revenue at HUA YU LIEN Development Co Ltd is growing −76.7% versus a year earlier (3y avg −0.4%). 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 HUA YU LIEN Development Co Ltd (1436)?
Earnings per share at HUA YU LIEN Development Co Ltd are growing −62.4% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does HUA YU LIEN Development Co Ltd (1436) generate?
The free cash flow of HUA YU LIEN Development Co Ltd is −79.1M 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 HUA YU LIEN Development Co Ltd (1436) carry?
The net debt of HUA YU LIEN Development Co Ltd is 10.9B 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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