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Prince Housing & Development Corp (2511) Fair Value & Analysis

Real Estate · TW · Market cap 13.9B TWD

PH Prince Housing & Development Corp 2511 · TW
Price8.35 TWD
Fair Value10.63 TWD
Upside+27.3%
Quality66/100
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Weak Growth
Thin margins · 5.9% net margin
Low debt · generates free cash flow
3.71% dividend yield
Trails peers (5/14)
Narrow moat 30/100
Evidence: High Range 7.94 TWD – 10.63 TWD Share as image

Fair value as of: Jul 21, 2026

From 16 valuation models · updated 20 days ago

Share price −1.6% over the past month.

A solid business, screening 27% undervalued on our models.

What matters now

  • Solid quality (66/100) at a price below fair value, the discount is the argument here, not the business quality.
  • 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)

13.80 TWD 7.55 TWD Fair Value 10.63 TWD Mar 2021 Aug 2026

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 7.55 TWD – 13.80 TWD · fair‑value band 7.94 TWD – 10.63 TWD · the 8.35 TWD price screens below the 10.63 TWD fair value. Dashed = 300-day average. As of Jul 21, 2026.

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Analysis

Prince Housing & Development Corp (2511) currently trades at 8.35 TWD, while our model-based Fair Value estimate is 10.63 TWD, implying the stock looks roughly 27.3% undervalued today. The Quality Score stands at 66/100 (solid quality), in the Real Estate sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: high), always confirm before acting.

Over the trailing twelve months, Prince Housing & Development Corp generated revenue of 9.8B TWD at a net margin of 5.9%. Revenue grew 26.8% year over year. It earns a return on equity of 2.1%. Net debt stands at 8.8B TWD. Fundamentals as of Jul 21, 2026

Our scenario range runs from 7.94 TWD (bear case) to 10.63 TWD (bull case); at 8.35 TWD, the current price sits within 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 11% 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 27%, 2511 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
Growth DCF 12.64 TWD 17.47 TWD 25.77 TWD 80
Residual Income 11.29 TWD 10.91 TWD 8.76 TWD 76
Rev-Margin DCF 5.87 TWD 7.73 TWD 10.16 TWD 74
All 16 models by family
DCF Models
FCF DCF 12.05 TWD 17.03 TWD 26.29 TWD 38
5Y Revenue Exit 5.87 TWD 7.43 TWD 9.67 TWD 39
5Y EBITDA Exit 10.01 TWD 14.58 TWD 20.66 TWD 41
10Y Revenue Exit 8.12 TWD 9.51 TWD 10.87 TWD 36
10Y EBITDA Exit 10.71 TWD 13.95 TWD 17.35 TWD 37
Dividend Discount
Gordon GGM 2.76 TWD 3.02 TWD 3.41 TWD 70
DDM Multi-Stage 2.76 TWD 3.47 TWD 4.46 TWD 61
Multiples
P/S Multiple 4.20 TWD 5.61 TWD 7.01 TWD 58
P/B Multiple 4.20 TWD 5.61 TWD 7.01 TWD 55
EV/EBIT 4.67 TWD 6.46 TWD 8.25 TWD 53
EV/EBITDA 10.32 TWD 14.00 TWD 17.68 TWD 54
EV/Revenue 2.26 TWD 3.53 TWD 4.80 TWD 43
Asset-Based
NCAV (Graham) 7.94 TWD 10.63 TWD 15.87 TWD 50
Growth DCF
Growth DCF 12.64 TWD 17.47 TWD 25.77 TWD 80
Rev-Margin DCF 5.87 TWD 7.73 TWD 10.16 TWD 74
Economic Profit
Residual Income 11.29 TWD 10.91 TWD 8.76 TWD 76

Widest divergence: DCF Models (13.95 TWD) versus Dividend Discount (3.02 TWD). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) 9.8B TWD
Revenue growth (YoY) +26.8%
Net margin 5.9%
Return on equity 2.1%
Free cash flow 2.1B TWD FY2025
P/E ratio 24.8
More key figures
Operating margin 6.6%
EPS (TTM) 0.3300 TWD
Dividend yield 3.7%
EPS growth (YoY) +55.9%
Net debt 8.8B TWD FY2025

Figures from reported company fundamentals · as of Jul 21, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 66/100

Of which business quality 66 · Market factors (momentum, volatility) 55

Profitability 18
Margins and returns on capital today
Quality Growth 54
Are margins and returns improving?
Cashflow 93
Earnings quality: real cash, not paper profit
Fin. Strength 57
Balance sheet, leverage, solvency risk
Investment 99
Disciplined investing over empire-building
Low Volatility 99
Calm price path (market factor)
Momentum 40
Price trend over the last 3–12 months (market factor)
52W Momentum 31
Distance to the 52-week high (market factor)
Net Issuance 100
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

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.

Full company description

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.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

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.

Growth Quality 40/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
9.4B TWD
Latest YoY
+10.3%
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.
−9.9%
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.
−4.8%
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.
+2.5%
Revenue −7.0%/yr
FY21 12.5B TWD
FY22 12.8B TWD
FY23 8.5B TWD
FY24 8.5B TWD
FY25 9.4B TWD
Net income −23.2%/yr
FY21 1.5B TWD
FY22 1.5B TWD
FY23 593M TWD
FY24 313M TWD
FY25 535M TWD
Character of growth · EPS growth decomposed (2014-2025) −14.9 % p.a.
Revenue per share −6.2 pp

of which total revenue −6.4 pp · buybacks/dilution +0.2 pp

EBIT margin −9.6 pp
Tax rate −0.9 pp
Residual (interest, one-offs) +1.8 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).

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Cite: Fair Value Calculator (2026). "Prince Housing & Development Corp Fair Value". https://www.fairvalue-calculator.com/stock/2511

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 68 · Top 25%
Fair Value upside +27% · Above median
Return on equity (TTM) 2% · Below median
Return on assets 1% · Below median
Net margin (TTM) 6% · Below median
Operating margin (TTM) 7% · Below median
Revenue growth 27% · Above median
Dividend yield (TTM) 3.7% · Above median
Debt / equity 0.34× · Higher than median

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

P/E (TTM) 25.9× · Pricier than median
P/B 0.54× · Pricier than median
P/S (TTM) 1.41× · Pricier than median
P/FCF 0.2× · Cheaper than median
EV/EBITDA 15.6× · 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 70 · sector 48
FUTURE 100 · sector 0
PAST 8 · sector 10
HEALTH 83 · sector 84
DIVIDEND 74 · sector 38

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 21, 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 Prince Housing & Development Corp (2511) overvalued or undervalued?
As of Jul 21, 2026, our model estimates a fair value of 10.63 TWD versus a price of 8.35 TWD, about +27% (undervalued).
What is the fair value of 2511?
Our model-based fair value for Prince Housing & Development Corp is 10.63 TWD (as of Jul 21, 2026), built from audited fundamentals. The current price is 8.35 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 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 Jul 21, 2026).
What is the net profit margin of 2511?
The net profit margin of Prince Housing & Development Corp is about 5.9%, meaning it keeps roughly 5.9% of revenue as net income. Based on the latest reported figures.
Does Prince Housing & Development Corp pay a dividend?
Prince Housing & Development Corp currently shows a dividend yield of about 3.71% relative to its recent price (as of Jul 21, 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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