SanDi Properties Co Ltd (1438) fair value: what the stock is really worth
As of Sep 24, 2026: fair value of SanDi Properties Co Ltd TWD 22.91, price TWD 21.50, upside +6.6%, quality 25 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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Price vs Fair Value
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 19.60 TWD – 95.00 TWD · fair‑value band 10.87 TWD – 31.51 TWD · the 21.50 TWD price screens below the 22.91 TWD fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 24, 2026.
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SanDi Properties Co.,Ltd. engages in the construction of commercial and industrial buildings in Taiwan. It is also involved in the residential rental and sale; real estate trading; and other types of department store distribution business. The company was formerly known as Yu Foong International Corporation. SanDi Properties Co.,Ltd.
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SanDi Properties Co.,Ltd. engages in the construction of commercial and industrial buildings in Taiwan. It is also involved in the residential rental and sale; real estate trading; and other types of department store distribution business. The company was formerly known as Yu Foong International Corporation. SanDi Properties Co.,Ltd. was founded in 1944 and is based in Kaohsiung, Taiwan.
Stock analysis
SanDi Properties Co Ltd (1438) currently trades at 21.50 TWD, while our model-based Fair Value estimate is 22.91 TWD, implying the stock looks roughly 6.1% fairly valued today.
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Valuation
Bull case: the Growth Earnings group reads highest at a median of 79.87 TWD per share, and 10 of the 15 models we run sit above the 21.50 TWD price.
Bear case: the Economic Profit group reads lowest at 15.80 TWD, and 5 of the 15 models stay below the price. Evidence for this calculation is low.
Scenario range: 10.87 TWD (bear) to 31.51 TWD (bull), the price of 21.50 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 25/100 (below-average quality), in the Real Estate sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
SanDi Properties Co Ltd reported revenue of 1.3B TWD in FY2025 versus 12.3M TWD in FY2021, a compound +218.1%/yr. Reported net income was 194M TWD in FY2025, compounding +59.3%/yr from FY2021.
Key figures
Market cap 2.8B TWD (≈ $86.8M) · P/E ratio 13.0 · P/S ratio 2.01 · EPS (TTM) 1.65 TWD · Net margin 15.4% · Return on equity 10.0% · Return on assets (EBIT) 1.4% · Operating margin 32.4%.
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 43% below its 52-week high and 10% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Real Estate peers we cover trades at −9% fair-value upside, at 7%, 1438 screens cheaper than that median.
Fair Value models
Bear 10.87 TWDFair Value 22.91 TWDBull 31.51 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. Based on fiscal year 2025 figures (about 9 months old). Earnings retained since then (1.21 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.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.
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.55/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
+7.9%
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.
+28.4%
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.
+66.5%
Start year 2020 (pandemic). Over 10 years: +48.8% 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.
+4.0%
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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.
+16.3%
Earnings growth per share plus dividend.
Earnings per share, growth per year+16.3%
Dividend (yield on the price)0.0%
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.16% vs 27%, 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.48% → 24%
Compare SanDi Properties Co Ltd with another stock
Price, fair value, quality and upside side by side.
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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 - Diversified · 133 stocks
Beats the industry median on 7/11 measures
Overall it ranks above its industry peers.
Valuation
Quality Score26 · Bottom 25%
Fair Value upside+7% · Above median
Profitability
Return on equity (TTM)10% · Top 25%
Return on assets2% · Above median
Net margin (TTM)19% · Above median
Operating margin (TTM)32% · Above median
Balance sheet
Debt / equity0.31× · Below median
Valuation Multiplesvs Real Estate - Diversified 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). "SanDi Properties Co Ltd Fair Value". https://www.fairvalue-calculator.com/stock/1438
Frequently asked questions
Is SanDi Properties Co Ltd (1438) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of 22.91 TWD versus a price of 21.50 TWD, about +7% upside (fairly valued).
What is the fair value of 1438?
Our model-based fair value for SanDi Properties Co Ltd is 22.91 TWD (as of Sep 24, 2026), built from audited fundamentals. The current price: 21.50 TWD.
What is the quality score of 1438?
SanDi Properties Co Ltd has a Quality Score of 25/100. 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 SanDi Properties Co Ltd (1438)?
Our model-based price target is the fair value of 22.91 TWD (as of Sep 24, 2026) from 15 valuation models. Cautious scenario 10.87 TWD, optimistic scenario 31.51 TWD. It is a calculation from audited fundamentals, not an analyst target.
What is the SanDi Properties Co Ltd stock forecast for 2026?
Our models put fair value at 22.91 TWD, about +7% upside versus a price of 21.50 TWD (fairly valued). Cautious scenario 10.87 TWD, optimistic scenario 31.51 TWD. The calculation is refreshed regularly with new filings.
What is the revenue of SanDi Properties Co Ltd (1438)?
SanDi Properties Co Ltd reported trailing-twelve-month revenue of about 1.6B TWD (latest available figure, as of Sep 24, 2026).
What is the intrinsic value of SanDi Properties Co Ltd (1438)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For SanDi Properties Co Ltd it is 22.91 TWD per share (as of Sep 24, 2026), against a price of 21.50 TWD. It is the blended result of 15 valuation models (cash flow, earnings, asset, dividend).
Is SanDi Properties Co Ltd stock overvalued or undervalued in 2026?
As of Sep 24, 2026, 1438 trades below its calculated fair value: price 21.50 TWD, fair value 22.91 TWD, a gap of about +7% (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 1438?
No. The price is what the market pays today (21.50 TWD); the fair value is what the company's own numbers justify (22.91 TWD). For SanDi Properties Co Ltd the two are 1.41 TWD per share apart. That gap is exactly why we show both numbers side by side.
How much is SanDi Properties Co Ltd worth?
The market values SanDi Properties Co Ltd at about 2.8B TWD (market capitalisation, as of Sep 24, 2026). Per share that is 21.50 TWD; our models calculate a fair value of 22.91 TWD per share.
What do the bullish and bearish scenarios say about 1438?
Our models span a range for SanDi Properties Co Ltd: cautious scenario 10.87 TWD, base 22.91 TWD, optimistic 31.51 TWD per share (as of Sep 24, 2026, price 21.50 TWD). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 1438?
SanDi Properties Co Ltd trades at a price-to-earnings ratio of 13.0 (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 22.91 TWD is built from several models across several years. Other multiples: P/B 0.9, P/S 1.7, EV/EBITDA 7.3.
How solid is the balance sheet of SanDi Properties Co Ltd (1438)?
Balance-sheet figures for SanDi Properties Co Ltd (as of Sep 24, 2026): return on equity 10.0%, debt of 0.31 per unit of equity. They feed the Quality Score of 25/100, which measures business quality independently of the share price.
How far is 1438 from its 52-week high?
SanDi Properties Co Ltd trades at 21.50 TWD, about 43% below its 52-week high of 37.60 TWD and 10% above the low of 19.60 TWD (as of Sep 24, 2026). Distance from the high says nothing about value: that is what the fair value of 22.91 TWD is for.
Which stocks are comparable to SanDi Properties Co Ltd?
From the same area (Real Estate) we also value Swiss Prime Site AG, Central Pattana Public Company, Prestige Estates Projects Limited, The Phoenix Mills Limited, 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 SanDi Properties Co Ltd stock attractive at the current price?
The data as of Sep 24, 2026: price 21.50 TWD, calculated fair value 22.91 TWD (+7%), Quality Score 25/100, from 15 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 1438 calculated?
We run SanDi Properties Co Ltd through 15 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 22.91 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 13.2 % above its aggregate fair value. SanDi Properties Co Ltd 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 SanDi Properties Co Ltd (1438)?
The closing price on Sep 24, 2026 was 21.50 TWD. Our model-based fair value is 22.91 TWD, about +7% upside (fairly valued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with SanDi Properties Co Ltd right now?
The model range is unusually wide (10.87 TWD to 31.51 TWD). The outcome hinges heavily on assumptions, so read the point estimate with caution. 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. As a real-estate business, asset- and dividend-based methods carry more weight here than a standard DCF.
Key figures of SanDi Properties Co Ltd
How large is the market capitalisation of SanDi Properties Co Ltd (1438)?
The market capitalisation of SanDi Properties Co Ltd is 2.8B TWD (≈ $86.8M). 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 SanDi Properties Co Ltd (1438)?
The price-to-sales ratio of SanDi Properties Co Ltd is 2.01 (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 SanDi Properties Co Ltd (1438)?
Earnings per share at SanDi Properties Co Ltd are 1.65 TWD (price ÷ EPS = P/E 13.0). Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of SanDi Properties Co Ltd (1438)?
The net margin of SanDi Properties Co Ltd is 15.4% (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 SanDi Properties Co Ltd (1438)?
The return on equity (ROE) of SanDi Properties Co Ltd is 10.0% (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 SanDi Properties Co Ltd (1438)?
On an EBIT basis the return on assets of SanDi Properties Co Ltd is 1.4% (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 SanDi Properties Co Ltd (1438)?
The operating margin of SanDi Properties Co Ltd is 32.4% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast are earnings growing at SanDi Properties Co Ltd (1438)?
Earnings per share at SanDi Properties Co Ltd are growing +13.5% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does SanDi Properties Co Ltd (1438) generate?
The free cash flow of SanDi Properties Co Ltd is −1.7B 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 SanDi Properties Co Ltd (1438) carry?
The net debt of SanDi Properties Co Ltd is 8.1B 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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