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Better Life Group (1805) Fair Value & Analysis

Real Estate · TW · Market cap 1.4B TWD

BL Better Life Group 1805 · TW
Price9.99 TWD
Fair Value3.43 TWD
Upside-65.6%
Quality21/100
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Mixed Growth
Thin margins · 5.7% net margin
Low debt · negative free cash flow
Trails peers (3/12)
Narrow moat 33/100
Evidence: High Range 2.76 TWD – 4.11 TWD Share as image

Fair value as of: Jul 23, 2026

From 9 valuation models · updated 18 days ago

Share price −1.1% over the past month.

Below-average quality, and screening another 66% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (4.11 TWD). The favourable scenario is already priced in.
  • Weak quality (21/100) and above fair value at the same time, the margin of safety is missing on both counts.
  • As a real-estate business, asset- and dividend-based methods carry more weight here than a standard DCF.
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Price vs Fair Value (5 years)

24.30 TWD 9.74 TWD Fair Value 3.43 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 9.74 TWD – 24.30 TWD · fair‑value band 2.76 TWD – 4.11 TWD · the 9.99 TWD price screens above the 3.43 TWD fair value. Dashed = 300-day average. As of Jul 23, 2026.

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Analysis

Better Life Group (1805) currently trades at 9.99 TWD, while our model-based Fair Value estimate is 3.43 TWD, implying the stock looks roughly 65.6% overvalued today. The Quality Score stands at 21/100 (below-average 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, Better Life Group generated revenue of 300M TWD at a net margin of 5.7%. Revenue grew 16.9% year over year. It earns a return on equity of 1.0%. The balance sheet holds a net cash position of 191M TWD. Fundamentals as of Jul 23, 2026

Our scenario range runs from 2.76 TWD (bear case) to 4.11 TWD (bull case); at 9.99 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 30% below its 52-week high and 3% above its 52-week low, currently below its 200-day average. For context, the median of 10 Real Estate peers we cover trades at 32% fair-value upside, at -66%, 1805 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.

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 7.95 TWD 7.47 TWD 5.30 TWD 76
Gordon GGM 2.31 TWD 4.16 TWD 5.73 TWD 70
DDM Multi-Stage 2.31 TWD 3.80 TWD 4.45 TWD 61
All 9 models by family
Dividend Discount
Gordon GGM 2.31 TWD 4.16 TWD 5.73 TWD 70
DDM Multi-Stage 2.31 TWD 3.80 TWD 4.45 TWD 61
Multiples
P/S Multiple 2.47 TWD 3.29 TWD 4.11 TWD 58
P/B Multiple 2.47 TWD 3.29 TWD 4.11 TWD 55
EV/EBIT 6.21 TWD 7.32 TWD 8.43 TWD 53
EV/EBITDA 5.88 TWD 6.88 TWD 7.88 TWD 54
EV/Revenue 4.71 TWD 5.50 TWD 6.29 TWD 43
Asset-Based
NCAV (Graham) 6.03 TWD 8.08 TWD 12.05 TWD 50
Economic Profit
Residual Income 7.95 TWD 7.47 TWD 5.30 TWD 76

Widest divergence: Asset-Based (8.08 TWD) versus Dividend Discount (3.80 TWD). Highest evidence: Residual Income (76).

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Key figures & financial health

Revenue (TTM) 300M TWD
Revenue growth (YoY) +16.9%
Net margin 5.7%
Return on equity 1.0%
Free cash flow −312M TWD FY2025
P/E ratio 51.5
More key figures
Operating margin 18.8%
EPS (TTM) 0.2000 TWD
EPS growth (YoY) -40.6%
Net cash 191M 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) 33

Profitability 20
Margins and returns on capital today
Quality Growth 0
Are margins and returns improving?
Cashflow 0
Earnings quality: real cash, not paper profit
Fin. Strength 68
Balance sheet, leverage, solvency risk
Investment 43
Disciplined investing over empire-building
Low Volatility 76
Calm price path (market factor)
Momentum 21
Price trend over the last 3–12 months (market factor)
52W Momentum 5
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

Better Life Group Co., LTD., together with its subsidiaries, engages in the sale and leasing of commercial buildings in Taiwan.

Full company description

Better Life Group Co., LTD., together with its subsidiaries, engages in the sale and leasing of commercial buildings in Taiwan. It is also involved in construction of public housing; solar energy application business; travel agency business; and provision of marketing agency services for the sale of real estate, as well as tourism management and real estate leasing services. The company was formerly known as Kaiju Co., Ltd. and changed its name to Better Life Group Co., LTD. in June 2009. Better Life Group Co., LTD. was founded in 1978 and is based in Taipei, Taiwan.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Better Life Group reported revenue of 285M TWD in FY2025 versus 185M TWD in FY2021, a compound +11.3%/yr. Reported net income was 26.1M TWD in FY2025.

Growth Quality 24/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
285M TWD
Latest YoY
−54.4%
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.
−6.5%
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.
+5.3%
Avg. growth/yr (25Y) 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.
−5.0%
Revenue +11.3%/yr
FY21 185M TWD
FY22 349M TWD
FY23 146M TWD
FY24 625M TWD
FY25 285M TWD
Net income
FY21 −33.7M TWD
FY22 −94.6M TWD
FY23 −110M TWD
FY24 301M TWD
FY25 26.1M TWD

1805 screens 66% overvalued. Compare with DLF Limited →

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Cite: Fair Value Calculator (2026). "Better Life Group Fair Value". https://www.fairvalue-calculator.com/stock/1805

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 20 · Bottom 25%
Fair Value upside −66% · Bottom 25%
Return on equity (TTM) 1% · Below median
Return on assets 1% · Below median
Net margin (TTM) 6% · Below median
Operating margin (TTM) 19% · Above median
Revenue growth 17% · Above median

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

P/E (TTM) 51.5× · Pricier than 75% of peers
P/B 0.85× · Pricier than median
P/S (TTM) 4.63× · Pricier than 75% of peers
EV/EBITDA 49.4× · Pricier than 75% of peers

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 · sector 48
FUTURE 85 · sector 0
PAST 4 · sector 10
HEALTH 100 · sector 84
DIVIDEND 0 · sector 38

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.

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%

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Frequently asked questions

Is Better Life Group (1805) overvalued or undervalued?
As of Jul 23, 2026, our model estimates a fair value of 3.43 TWD versus a price of 9.99 TWD, about −66% (overvalued).
What is the fair value of 1805?
Our model-based fair value for Better Life Group is 3.43 TWD (as of Jul 23, 2026), built from audited fundamentals. The current price is 9.99 TWD.
What is the quality score of 1805?
Better Life Group 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 Better Life Group (1805)?
Better Life Group reported trailing-twelve-month revenue of about 300M TWD (latest available figure, as of Jul 23, 2026).
What is the net profit margin of 1805?
The net profit margin of Better Life Group is about 5.7%, meaning it keeps roughly 5.7% of revenue as net income. Based on the latest reported figures.

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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