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Run Long Construction Co (1808) Fair Value & Analysis

Real Estate · TW · Market cap 28.5B TWD

RL Run Long Construction Co 1808 · TW
Price33.05 TWD
Fair Value24.77 TWD
Upside-25.1%
Quality29/100
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Weak Growth
Highly profitable · 20.2% net margin
Moderate debt · negative free cash flow
4.67% dividend yield
Mixed vs. peers (6/13)
Moderate moat 53/100
Evidence: High Range 18.58 TWD – 32.02 TWD Share as image

Fair value as of: Jul 23, 2026

From 15 valuation models · updated 18 days ago

Share price +10.0% over the past month.

Below-average quality, and screening another 25% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (32.02 TWD). The favourable scenario is already priced in.
  • Weak quality (29/100) 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)

134.00 TWD 28.10 TWD Fair Value 24.77 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 28.10 TWD – 134.00 TWD · fair‑value band 18.58 TWD – 32.02 TWD · the 33.05 TWD price screens above the 24.77 TWD fair value. Dashed = 300-day average. As of Jul 23, 2026.

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Analysis

Run Long Construction Co (1808) currently trades at 33.05 TWD, while our model-based Fair Value estimate is 24.77 TWD, implying the stock looks roughly 25.1% overvalued today. The Quality Score stands at 29/100 (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, Run Long Construction Co generated revenue of 11.9B TWD at a net margin of 20.2%. It earns a return on equity of 18.4%. Net debt stands at 28.5B TWD. The stock trades on a trailing P/E of 23.5. Fundamentals as of Jul 23, 2026

Our scenario range runs from 18.58 TWD (bear case) to 32.02 TWD (bull case); at 33.05 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 18% below its 52-week high and 18% above its 52-week low, currently above its 200-day average. For context, the median of 10 Real Estate peers we cover trades at 32% fair-value upside, at -25%, 1808 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 BearBaseBull Evidence
Highest evidence
Residual Income 12.69 TWD 14.15 TWD 24.08 TWD 76
ROIC Compounder 10.10 TWD 12.59 TWD 15.46 TWD 72
Growth-Adj P/E 46.70 TWD 66.71 TWD 86.73 TWD 68
All 15 models by family
DCF Models
Owner Earnings 19.22 TWD 49.89 TWD 114.28 TWD 31
Earnings-Based
Graham-Dodd 9.91 TWD 69.11 TWD 96.98 TWD 54
Lynch FV 35.70 TWD 51.00 TWD 66.30 TWD 50
PEG = 1.0 35.70 TWD 51.00 TWD 66.30 TWD 46
EPV 10.10 TWD 12.59 TWD 14.77 TWD 59
Multiples
P/E Multiple 22.95 TWD 30.60 TWD 38.25 TWD 63
P/S Multiple 10.91 TWD 14.55 TWD 18.18 TWD 58
P/B Multiple 18.58 TWD 24.77 TWD 30.97 TWD 55
EV/EBIT 20.60 TWD 29.08 TWD 37.55 TWD 53
EV/EBITDA 15.45 TWD 22.21 TWD 28.97 TWD 54
EV/Revenue 4.34 TWD 8.26 TWD 12.19 TWD 43
Asset-Based
NCAV (Graham) 7.19 TWD 9.64 TWD 14.38 TWD 50
Economic Profit
Residual Income 12.69 TWD 14.15 TWD 24.08 TWD 76
ROIC Compounder 10.10 TWD 12.59 TWD 15.46 TWD 72
Growth Earnings
Growth-Adj P/E 46.70 TWD 66.71 TWD 86.73 TWD 68

Widest divergence: Growth Earnings (66.71 TWD) versus Asset-Based (9.64 TWD). Highest evidence: Residual Income (76).

Key figures & financial health

Revenue (TTM) 11.9B TWD
Revenue growth (YoY) +17,345%
Net margin 20.2%
Return on equity 18.4%
Free cash flow −1.8B TWD FY2025
P/E ratio 12.5
More key figures
Operating margin 22.8%
EPS (TTM) 2.56 TWD
Dividend yield 4.7%
EPS growth (YoY) +27.3%
Net debt 28.5B TWD FY2025

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

Quality Score breakdown

Overall quality 29/100

Of which business quality 27 · Market factors (momentum, volatility) 54

Profitability 33
Margins and returns on capital today
Quality Growth 10
Are margins and returns improving?
Cashflow 0
Earnings quality: real cash, not paper profit
Fin. Strength 27
Balance sheet, leverage, solvency risk
Investment 59
Disciplined investing over empire-building
Low Volatility 77
Calm price path (market factor)
Momentum 47
Price trend over the last 3–12 months (market factor)
52W Momentum 40
Distance to the 52-week high (market factor)
Net Issuance 50
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

Run Long Construction Co., Ltd. engages in the construction, sale, and leasing of residential and commercial buildings in Taiwan. It is also involved in engineering business. The company was incorporated in 1977 and is headquartered in Taipei City, Taiwan.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Run Long Construction Co reported revenue of 6.5B TWD in FY2025 versus 10.5B TWD in FY2021, a compound −11.3%/yr. Reported net income was 1.3B TWD in FY2025, compounding −6.1%/yr from FY2021.

Growth Quality 16/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
6.5B TWD
Latest YoY
−26.1%
Avg. growth/yr (5Y)
−3.2%
Avg. growth/yr (23Y)
+26.3%
Revenue −11.3%/yr
FY21 10.5B TWD
FY22 2.5B TWD
FY23 30.7B TWD
FY24 8.8B TWD
FY25 6.5B TWD
Net income −6.1%/yr
FY21 1.7B TWD
FY22 157M TWD
FY23 7.7B TWD
FY24 2.3B TWD
FY25 1.3B TWD

1808 screens 25% overvalued. Compare with DLF Limited →

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Cite: Fair Value Calculator (2026). "Run Long Construction Co Fair Value". https://www.fairvalue-calculator.com/stock/1808

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 30 · Bottom 25%
Fair Value upside −25% · Below median
Return on equity (TTM) 18% · Top 25%
Return on assets 4% · Top 25%
Net margin (TTM) 20% · Top 25%
Operating margin (TTM) 23% · Above median
Revenue growth 17345% · Top 25%
Dividend yield (TTM) 4.7% · Above median
Debt / equity 0.76× · Higher than 75% of peers

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

P/E (TTM) 12.5× · Pricier than median
P/B 2.22× · Pricier than 75% of peers
P/S (TTM) 2.41× · Pricier than median
EV/EBITDA 10.4× · Pricier 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 0 · sector 48
FUTURE 100 · sector 0
PAST 73 · sector 10
HEALTH 62 · sector 84
DIVIDEND 93 · 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 Run Long Construction Co (1808) overvalued or undervalued?
As of Jul 23, 2026, our model estimates a fair value of 24.77 TWD versus a price of 33.05 TWD, about −25% (overvalued).
What is the fair value of 1808?
Our model-based fair value for Run Long Construction Co is 24.77 TWD (as of Jul 23, 2026), built from audited fundamentals. The current price is 33.05 TWD.
What is the quality score of 1808?
Run Long Construction Co has a Quality Score of 29/100. 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 Run Long Construction Co (1808)?
Run Long Construction Co reported trailing-twelve-month revenue of about 11.9B TWD (latest available figure, as of Jul 23, 2026).
What is the net profit margin of 1808?
The net profit margin of Run Long Construction Co is about 20.2%, meaning it keeps roughly 20.2% of revenue as net income. Based on the latest reported figures.
Does Run Long Construction Co pay a dividend?
Run Long Construction Co currently shows a dividend yield of about 4.81% 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.

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