Prince Housing & Development Corp (2511) fair value: what the stock is really worth
As of Sep 24, 2026: fair value of Prince Housing & Development Corp TWD 10.36, price TWD 8.39, upside +23.5%, quality 66 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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Prince Housing & Development Corp. engages in the construction business primarily in Taiwan. The company provides construction services of residential and commercial buildings, tourist hotels, industrial zone development, indoor sports and leisure facilities, and parking lots.
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Prince Housing & Development Corp. engages in the construction business primarily in Taiwan. The company provides construction services of residential and commercial buildings, tourist hotels, industrial zone development, indoor sports and leisure facilities, and parking lots. It also involved in the hotels and catering, plywood manufacturing, real estate management, real estate trading and leasing, apartment management, electricity and water pipe maintenance, and general investment activities, as well as offers security services. Prince Housing & Development Corp. was incorporated in 1973 and is based in New Taipei City, Taiwan.
Stock analysis
Prince Housing & Development Corp (2511) currently trades at 8.39 TWD, while our model-based Fair Value estimate is 10.36 TWD, implying the stock looks roughly 19.0% undervalued today.
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Valuation
Bull case: the DCF Models group reads highest at a median of 13.27 TWD per share, and 8 of the 16 models we run sit above the 8.39 TWD price.
Bear case: the Dividend Discount group reads lowest at 2.51 TWD, and 8 of the 16 models stay below the price. Evidence for this calculation is low.
Scenario range: 10.16 TWD (bear) to 10.36 TWD (bull), the price of 8.39 TWD sits below 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 66/100 (solid quality), in the Real Estate sector.
Weak Growth: Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
Prince Housing & Development Corp reported revenue of 9.4B TWD in FY2025 versus 12.5B TWD in FY2021, a compound −7.0%/yr. Reported net income was 535M TWD in FY2025, compounding −23.2%/yr from FY2021.
Key figures
Market cap 13.9B TWD (≈ $436M) · P/E ratio 25.4 · P/S ratio 1.45 · EPS (TTM) 0.3300 TWD · Dividend yield 3.6% · Net margin 5.7% · Return on equity 2.1% · Return on assets (EBIT) 2.2%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 38 out of 100 (low confidence).
What moves the price
The share trades about 8% below its 52-week high and 11% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Real Estate peers we cover trades at 54% fair-value upside, at 23%, 2511 screens richer than that median.
Fair Value models
Bear 10.16 TWDFair Value 10.36 TWDBull 10.36 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 (0.0220 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.40/100
Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
Revenue growth 1 year
+10.3%
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.
−9.9%
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.
−4.8%
Start year 2020 (pandemic). Over 10 years: −5.3% a year
Revenue growth 25 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.
+2.5%
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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.
−5.9%
Earnings growth per share plus dividend.
Earnings per share, growth per year−9.5%
Dividend (yield on the price)3.6%
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.−10% vs −13%, picking up
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.9% → 6%
Start year 2020 (pandemic)
⚠ Revenue per share shrinking 8.2%/yr over ~10Y (margins eroding too) ⓘStructural-decline marker: revenue PER SHARE has fallen over the last decade (robust median trend, not a single year). Backtested across 2005 to 2017, such businesses trailed the market by about 2.5 percentage points per year. Display only: it does not change the fair value or the quality score.
Growth Forecast
Little optimism in the price
The price assumes less growth than the company has delivered so far.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
−17.5%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect
n/a
No analyst forecast available.
After inflation (Taiwan: IMF forecast 1.6% a year to 2030, 1.5% from 2016 to 2025) that is about −18.8% a year for the price.
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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 - Development · 577 stocks
Beats the industry median on 5/14 measures
Overall it trails its industry peers.
Valuation
Quality Score68 · Top 25%
Fair Value upside+24% · Above median
Profitability
Return on equity (TTM)2% · Below median
Return on assets1% · Below median
Net margin (TTM)6% · Below median
Operating margin (TTM)7% · Below median
Growth and dividend
Revenue growth27% · Above median
Dividend yield (TTM)3.6% · Above median
Balance sheet
Debt / equity0.34× · Above median
Valuation Multiplesvs Real Estate - Development 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). "Prince Housing & Development Corp Fair Value". https://www.fairvalue-calculator.com/stock/2511
Frequently asked questions
Is Prince Housing & Development Corp (2511) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of 10.36 TWD versus a price of 8.39 TWD, about +23% upside (undervalued).
What is the fair value of 2511?
Our model-based fair value for Prince Housing & Development Corp is 10.36 TWD (as of Sep 24, 2026), built from audited fundamentals. The current price: 8.39 TWD.
What is the quality score of 2511?
Prince Housing & Development Corp has a Quality Score of 66/100. 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 Prince Housing & Development Corp (2511)?
Our model-based price target is the fair value of 10.36 TWD (as of Sep 24, 2026) from 16 valuation models. Cautious scenario 10.16 TWD, optimistic scenario 10.36 TWD. It is a calculation from audited fundamentals, not an analyst target.
What is the Prince Housing & Development Corp stock forecast for 2026?
Our models put fair value at 10.36 TWD, about +23% upside versus a price of 8.39 TWD (undervalued). Cautious scenario 10.16 TWD, optimistic scenario 10.36 TWD. The calculation is refreshed regularly with new filings.
What is the revenue of Prince Housing & Development Corp (2511)?
Prince Housing & Development Corp reported trailing-twelve-month revenue of about 9.8B TWD (latest available figure, as of Sep 24, 2026).
Does Prince Housing & Development Corp pay a dividend?
Prince Housing & Development Corp currently shows a dividend yield of about 3.58% relative to its recent price (as of Sep 24, 2026).
What growth is priced into Prince Housing & Development Corp (2511)?
For today's price to be fair in a discounted-cash-flow model, Prince Housing & Development Corp would have to grow free cash flow by -17.5 % per year for five years (discount rate 10.3 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew -4.8 % per year. As of Sep 24, 2026.
What discount rate (WACC) does the fair value of 2511 use?
Our models discount Prince Housing & Development Corp at 10.3 %: a base by market capitalisation (small), damped by beta 0.20, country premium for Taiwan. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For Prince Housing & Development Corp that is -17.5 % per year a year over ten years, using the same discount rate (10.3 %) and the same formula as our fair value.
How much growth has Prince Housing & Development Corp (2511) delivered so far?
Over the past 5 years revenue at Prince Housing & Development Corp grew -4.8 % a year. The price currently implies -17.5 % per year free-cash-flow growth a year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of Prince Housing & Development Corp (2511) growing?
The median revenue growth in the sector is +1.8 % a year. That is the yardstick for the growth priced into Prince Housing & Development Corp (-17.5 % per year a year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Prince Housing & Development Corp (2511)?
The free-cash-flow yield on the price is 16.78 %: that much free cash flow Prince Housing & Development Corp produces per unit of market value. When it exceeds the discount rate of our models (10.3 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Prince Housing & Development Corp (2511)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Prince Housing & Development Corp it is 10.36 TWD per share (as of Sep 24, 2026), against a price of 8.39 TWD. It is the blended result of 16 valuation models (cash flow, earnings, asset, dividend).
Is Prince Housing & Development Corp stock overvalued or undervalued in 2026?
As of Sep 24, 2026, 2511 trades below its calculated fair value: price 8.39 TWD, fair value 10.36 TWD, a gap of about +23% (undervalued). 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 2511?
No. The price is what the market pays today (8.39 TWD); the fair value is what the company's own numbers justify (10.36 TWD). For Prince Housing & Development Corp the two are 1.97 TWD per share apart. That gap is exactly why we show both numbers side by side.
How much is Prince Housing & Development Corp worth?
The market values Prince Housing & Development Corp at about 13.9B TWD (market capitalisation, as of Sep 24, 2026). Per share that is 8.39 TWD; our models calculate a fair value of 10.36 TWD per share.
What do the bullish and bearish scenarios say about 2511?
Our models span a range for Prince Housing & Development Corp: cautious scenario 10.16 TWD, base 10.36 TWD, optimistic 10.36 TWD per share (as of Sep 24, 2026, price 8.39 TWD). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 2511?
Prince Housing & Development Corp trades at a price-to-earnings ratio of 25.4 (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 10.36 TWD is built from several models across several years. Other multiples: P/B 0.5, P/S 1.4, EV/EBITDA 15.6.
How solid is the balance sheet of Prince Housing & Development Corp (2511)?
Balance-sheet figures for Prince Housing & Development Corp (as of Sep 24, 2026): return on equity 2.1%, debt of 0.34 per unit of equity. They feed the Quality Score of 66/100, which measures business quality independently of the share price.
How far is 2511 from its 52-week high?
Prince Housing & Development Corp trades at 8.39 TWD, about 8% below its 52-week high of 9.14 TWD and 11% above the low of 7.55 TWD (as of Sep 24, 2026). Distance from the high says nothing about value: that is what the fair value of 10.36 TWD is for.
Which stocks are comparable to Prince Housing & Development Corp?
From the same area (Real Estate) we also value Sun Hung Kai Properties Limited, China Resources Land Limited, Vinhomes Joint Stock Company, CK Asset Holdings, 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 Prince Housing & Development Corp stock attractive at the current price?
The data as of Sep 24, 2026: price 8.39 TWD, calculated fair value 10.36 TWD (+23%), Quality Score 66/100, from 16 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 2511 calculated?
We run Prince Housing & Development Corp through 16 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 10.36 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 13.0 % above its aggregate fair value. Prince Housing & Development Corp currently trades 23 % 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 Prince Housing & Development Corp (2511)?
The closing price on Sep 24, 2026 was 8.39 TWD. Our model-based fair value is 10.36 TWD, about +23% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Prince Housing & Development Corp right now?
The price is below even our cautious bear case (10.16 TWD). The market is more pessimistic than our downside scenario. Solid quality (66/100) at a price below fair value, the discount is the argument here, not the business quality. The models converge in a tight band (10.16 TWD to 10.36 TWD), unusually little disagreement for a valuation. Evidence is limited here (fewer models, shorter history), so the fair value is a rougher estimate than usual.
Where does the earnings growth of Prince Housing & Development Corp (2511) come from?
Earnings per share at Prince Housing & Development Corp grew −14.9 % a year from 2014 to 2025. Broken into its drivers: revenue per share −6.2 %, EBIT margin −9.6 %, tax rate −0.9 %, residual (interest, one-offs) +1.2 %. The four rates multiply to the earnings growth rate, they do not add up. Start and end are three-year averages so a single exceptional year does not distort the result.
Key figures of Prince Housing & Development Corp
How large is the market capitalisation of Prince Housing & Development Corp (2511)?
The market capitalisation of Prince Housing & Development Corp is 13.9B TWD (≈ $436M). 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 Prince Housing & Development Corp (2511)?
The price-to-sales ratio of Prince Housing & Development Corp is 1.45 (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 Prince Housing & Development Corp (2511)?
Earnings per share at Prince Housing & Development Corp are 0.3300 TWD (price ÷ EPS = P/E 25.4). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Prince Housing & Development Corp (2511)?
The dividend yield of Prince Housing & Development Corp is 3.6% (payout 90.9%). Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of Prince Housing & Development Corp (2511)?
The net margin of Prince Housing & Development Corp is 5.7% (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 Prince Housing & Development Corp (2511)?
The return on equity (ROE) of Prince Housing & Development Corp is 2.1% (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 Prince Housing & Development Corp (2511)?
On an EBIT basis the return on assets of Prince Housing & Development Corp is 2.2% (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 Prince Housing & Development Corp (2511)?
The operating margin of Prince Housing & Development Corp is 6.6% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Prince Housing & Development Corp (2511)?
Revenue at Prince Housing & Development Corp is growing +26.8% versus a year earlier (3y avg −9.9%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Prince Housing & Development Corp (2511)?
Earnings per share at Prince Housing & Development Corp are growing +55.9% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Prince Housing & Development Corp (2511) carry?
The net debt of Prince Housing & Development Corp is 8.8B TWD (fiscal year 2025, ≈ 4.1 yrs of FCF). 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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