EN DE

Hua Yu Lien Development Co (1436) Fair Value & Analysis

Real Estate · TW · Market cap 8.8B TWD

HY Hua Yu Lien Development Co 1436 · TW
Price37.35 TWD
Fair Value61.32 TWD
Upside+64.2%
Quality21/100
Watch Hua Yu Lien Development Co for free, get notified when fair value or trend changes. Watch for free
Mixed Growth
Highly profitable · 22.9% net margin
Moderate debt · negative free cash flow
9.85% dividend yield
Mixed vs. peers (7/13)
Moderate moat 46/100
Evidence: High Range 42.69 TWD – 88.57 TWD Share as image

Fair value as of: Jul 23, 2026

From 7 valuation models · updated 18 days ago

Share price −16.8% over the past month.

Below-average quality, screening 64% undervalued on our models.

What matters now

  • The large discount to fair value meets weak quality (21/100). That raises the risk this is a value trap rather than a bargain.
  • The price is below even our cautious bear case (42.69 TWD). The market is more pessimistic than our downside scenario.
  • A fairly wide model range (42.69 TWD to 88.57 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.
Share this valuation: 𝕏 WhatsApp

Price vs Fair Value (5 years)

202.00 TWD 31.15 TWD Fair Value 61.32 TWD Mar 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 23, 2026.

How to read this chart

60‑month range 31.15 TWD – 202.00 TWD · fair‑value band 42.69 TWD – 88.57 TWD · the 37.35 TWD price screens below the 61.32 TWD fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 23, 2026.

Full chart & analysis →

Which stocks are undervalued right now? Check free Discover now →

Analysis

Hua Yu Lien Development Co (1436) currently trades at 37.35 TWD, while our model-based Fair Value estimate is 61.32 TWD, implying the stock looks roughly 64.2% undervalued today. The Quality Score stands at 21/100 (below-average quality), in the Real Estate sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: high), always confirm before acting.

Over the trailing twelve months, Hua Yu Lien Development Co generated revenue of 3.7B TWD at a net margin of 22.9%. Revenue declined 76.7% year over year. It earns a return on equity of 14.7%. Net debt stands at 10.9B TWD. Fundamentals as of Jul 23, 2026

Our scenario range runs from 42.69 TWD (bear case) to 88.57 TWD (bull case); at 37.35 TWD, the current price sits below that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 70% below its 52-week high, currently below its 200-day average. For context, the median of 10 Real Estate peers we cover trades at 32% fair-value upside, at 64%, 1436 screens cheaper than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

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
Highest evidence
Residual Income 32.94 TWD 42.84 TWD 116.48 TWD 76
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
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 53
EV/EBITDA 79.29 TWD 111.35 TWD 143.41 TWD 54
EV/Revenue 50.59 TWD 79.51 TWD 108.43 TWD 43
Asset-Based
NCAV (Graham) 16.74 TWD 22.43 TWD 33.48 TWD 50
Economic Profit
Residual Income 32.94 TWD 42.84 TWD 116.48 TWD 76

Widest divergence: Multiples (85.22 TWD) versus Asset-Based (22.43 TWD). Highest evidence: Residual Income (76).

Notify me when 1436 reaches fair value

Free. You confirm by email (double opt-in) and can unsubscribe anytime in one click.

Key figures & financial health

Revenue (TTM) 3.7B TWD
Revenue growth (YoY) -76.7%
Net margin 22.9%
Return on equity 14.7%
Free cash flow −79.1M TWD FY2025
P/E ratio 9.7
More key figures
Operating margin -16.1%
EPS (TTM) 4.78 TWD
Dividend yield 9.9%
EPS growth (YoY) -62.4%
Net debt 10.9B TWD FY2025

Figures from reported company fundamentals · as of Jul 23, 2026. TTM = trailing twelve months.

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 83
Calm price path (market factor)
Momentum 7
Price trend over the last 3–12 months (market factor)
52W Momentum 0
Distance to the 52-week high (market factor)
Net Issuance 0
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

About the company

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.

Full company description

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.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Hua Yu Lien Development Co 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.

Growth Quality 54/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
3.9B TWD
Latest YoY
−44.1%
Avg. growth/yr (3Y) 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.
−0.4%
Avg. growth/yr (5Y) 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.
+19.0%
Avg. growth/yr (23Y) 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.
+35.4%
Revenue +10.8%/yr
FY21 2.6B TWD
FY22 3.9B TWD
FY23 1.6B TWD
FY24 7.0B TWD
FY25 3.9B TWD
Net income +18.9%/yr
FY21 486M TWD
FY22 631M TWD
FY23 946M TWD
FY24 2.3B TWD
FY25 973M TWD
Character of growth · EPS growth decomposed (2014-2025) +19.1 % p.a.
Revenue per share +6.7 pp

of which total revenue +12.5 pp · buybacks/dilution −5.8 pp

EBIT margin +11.6 pp
Tax rate −1.1 pp
Residual (interest, one-offs) +2.0 pp

Absolute contributions in percentage points per year; they sum to the EPS growth rate. Start and end points are 3-year averages (details on hover).

Watch 1436: get an alert when its fair value changes →

Share or link this analysis
For bloggers & editors: embed code + live data

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). "Hua Yu Lien Development Co Fair Value". https://www.fairvalue-calculator.com/stock/1436

Peer Group

Real Estate - Development · 588 stocks

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.

Quality Score 21 · Bottom 25%
Fair Value upside +64% · Above median
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%
Revenue growth -77% · Bottom 25%
Dividend yield (TTM) 9.9% · Top 25%
Debt / equity 0.87× · Higher than 75% of peers

Valuation Multiples vs Real Estate - Development median · lower = cheaper

P/E (TTM) 11.1× · Cheaper than median
P/B 1.35× · Pricier than 75% of peers
P/S (TTM) 2.41× · Pricier than 75% of peers
EV/EBITDA 9.2× · Cheaper than median

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUE 100 · sector 48
FUTURE 0 · sector 0
PAST 59 · sector 10
HEALTH 57 · sector 84
DIVIDEND 100 · sector 38

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

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Real Estate - Development stocks, each showing price versus our Fair Value estimate (as of Jul 23, 2026).

Stock Price Fair Value vs Fair Value
DLF Limited DLF ₹657.75 ₹159.49 -76%
Lodha Developers Limited LODHA ₹1,188 ₹583.43 -51%
PT Pantai Indah Kapuk Dua Tbk, PANI 6,125 IDR 1,330 IDR -78%
Oberoi Realty Limited OBEROIRLTY ₹1,925 ₹1,183 -39%
Godrej Properties Limited GODREJPROP ₹2,102 ₹1,044 -50%
PT Jaya Real Property, Tbk., JRPT 1,080 IDR 1,674 IDR +55%
PT Bumi Serpong Damai Tbk, BSDE 555.00 IDR 1,388 IDR +150%
PT Sentul City Tbk, BKSL 64.00 IDR 84.16 IDR +32%
PT Ciputra Development Tbk, CTRA 555.00 IDR 1,388 IDR +150%
PT Duta Pertiwi Tbk DUTI 4,100 IDR 6,239 IDR +52%

Compare Hua Yu Lien Development Co with another stock

Price, fair value, quality and upside side by side.

Free, no sign-up

Explore undervalued stocks

More undervalued Real Estate stocks →

All undervalued stocks TechnologyFinancial ServicesHealthcareConsumer CyclicalConsumer DefensiveCommunication ServicesIndustrialsEnergyBasic MaterialsReal EstateUtilities Deeply Undervalued StocksUndervalued Blue-Chip StocksUndervalued Small-Cap StocksUndervalued Dividend Stocks

Frequently asked questions

Is Hua Yu Lien Development Co (1436) overvalued or undervalued?
As of Jul 23, 2026, our model estimates a fair value of 61.32 TWD versus a price of 37.35 TWD, about +64% (undervalued).
What is the fair value of 1436?
Our model-based fair value for Hua Yu Lien Development Co is 61.32 TWD (as of Jul 23, 2026), built from audited fundamentals. The current price is 37.35 TWD.
What is the quality score of 1436?
Hua Yu Lien Development Co 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 revenue of Hua Yu Lien Development Co (1436)?
Hua Yu Lien Development Co reported trailing-twelve-month revenue of about 3.7B TWD (latest available figure, as of Jul 23, 2026).
What is the net profit margin of 1436?
The net profit margin of Hua Yu Lien Development Co is about 22.9%, meaning it keeps roughly 22.9% of revenue as net income. Based on the latest reported figures.
Does Hua Yu Lien Development Co pay a dividend?
Hua Yu Lien Development Co currently shows a dividend yield of about 9.85% relative to its recent price (as of Jul 23, 2026).

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

14 days Pro free · no card

Track Hua Yu Lien Development Co and try Pro for 14 days

One email gets you 14 days of full Pro (review alerts, the 35,000+ stock screener, the diversification check) plus the monthly Top-25 report of the most undervalued quality stocks. No card, cancel anytime.

Zero risk: nothing is ever charged. After 14 days you decide whether to stay.