GTM Holdings (1437) Fair Value & Analysis
Real Estate · TW · Market cap 6.2B TWD
Fair value as of: Jul 21, 2026
From 23 valuation models · updated 20 days ago
Fair value updated Jul 21, 2026, revised from 19.25 TWD to 19.29 TWD (+0.2%) since Jun 25, 2026. Share price −1.6% over the past month.
A solid business, but screening 36% overvalued on our models.
What matters now
- The price sits above even our optimistic bull case (28.81 TWD). The favourable scenario is already priced in.
- The model range is unusually wide (9.77 TWD to 28.81 TWD). The outcome hinges heavily on assumptions, so read the point estimate with caution.
- Solid but not exceptional quality (58/100) and above fair value, neither a clear bargain nor a standout compounder.
- As a real-estate business, asset- and dividend-based methods carry more weight here than a standard DCF.
Price vs Fair Value (5 years)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 21, 2026.
How to read this chart
60‑month range 21.10 TWD – 39.50 TWD · fair‑value band 9.77 TWD – 28.81 TWD · the 30.30 TWD price screens above the 19.29 TWD fair value. Dashed = 300-day average. As of Jul 21, 2026.
Analysis
GTM Holdings (1437) currently trades at 30.30 TWD, while our model-based Fair Value estimate is 19.29 TWD, implying the stock looks roughly 36.3% overvalued today. The Quality Score stands at 58/100 (solid quality), in the Real Estate sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: high).
Over the trailing twelve months, GTM Holdings generated revenue of 909M TWD at a net margin of 61.4%. Revenue declined 9.0% year over year. It earns a return on equity of 6.7%. Net debt stands at 3.8B TWD. Fundamentals as of Jul 21, 2026
Our scenario range runs from 9.77 TWD (bear case) to 28.81 TWD (bull case); at 30.30 TWD, the current price sits above 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 13% below its 52-week high and 8% above its 52-week low, currently below its 200-day average. For context, the median of 10 Real Estate peers we cover trades at -2% fair-value upside, at -36%, 1437 screens richer 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.
All 23 models by family
Widest divergence: Growth Earnings (36.87 TWD) versus Earnings-Based (3.40 TWD). Highest evidence: Growth DCF (80).
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Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Jul 21, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 55 · Market factors (momentum, volatility) 53
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
GTM Holdings Corporation, together with its subsidiaries, engages in the real estate, textile, electronic, solar, and investment businesses in Taiwan. It operates in three segments: Textile, Electronic, and Real Estate.
Full company description
GTM Holdings Corporation, together with its subsidiaries, engages in the real estate, textile, electronic, solar, and investment businesses in Taiwan. It operates in three segments: Textile, Electronic, and Real Estate. The company develops, sells, and leases office buildings, shopping malls, and logistics centers, as well as building construction and leasing of residential properties. It also engages in the manufacture and trade of textiles, ready-made garments, knitwear, wool quilts and blankets, suits, pillows, sheets, bedspreads, shawls, underwear, and other products, as well as supplying military uniforms; manufactures and trades in electronic components and materials; wholesale and retail of fabrics; develops and operates renewable energy; and invests in domestic and foreign stocks, bonds, and funds, as well as post-investment management of re-investment businesses. GTM Holdings Corporation was founded in 1951 and is based in Taipei City, Taiwan.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
GTM Holdings reported revenue of 927M TWD in FY2025 versus 698M TWD in FY2021, a compound +7.3%/yr. Reported net income was 490M TWD in FY2025, compounding +1.7%/yr from FY2021.
of which total revenue +0.8 pp · buybacks/dilution +0.3 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).
1437 screens 36% overvalued. Compare with Vingroup Joint Stock Company →
Peer Group
Real Estate Services · 520 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.
Valuation Multiples vs Real Estate Services median · lower = cheaper
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 0: the price sits above our fair-value range.
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
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 Services stocks, each showing price versus our Fair Value estimate (as of Jul 21, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| Vingroup Joint Stock Company VIC | 223,000 VND | 25,731 VND | -88% |
| KE Holdings 2423 | HK$44.76 | HK$18.03 | -60% |
| Swire Properties Limited 1972 | HK$23.90 | HK$18.75 | -22% |
| Plaza S.A MALLPLAZA | 3,725 CLP | 5,571 CLP | +50% |
| SAGAA SAGAA | kr 170.00 | kr 75.55 | -56% |
| Cencosud Shopping S.A CENCOMALLS | 2,324 CLP | 2,976 CLP | +28% |
| PT Sarana Menara Nusantara Tbk. owns and TOWR | 372.00 IDR | 1,208 IDR | +225% |
| PT Metropolitan Kentjana Tbk MKPI | 20,975 IDR | 19,160 IDR | -9% |
| PT Bangun Kosambi Sukses Tbk, CBDK | 3,530 IDR | 3,464 IDR | -2% |
| IRSA Inversiones y Representaciones Sociedad Anónima, IRSA | 2,495 ARS | 3,998 ARS | +60% |
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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.
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