King’s Town Construction Co Ltd (2524) fair value: what the stock is really worth
As of Nov 9, 2026: fair value (intrinsic value) of King’s Town Construction Co Ltd stock TWD 29.20, price TWD 32.50, that is 10.2% below the price, quality 45 out of 100. Rating: overvalued. Calculated from audited financials with 14 of our 26 valuation models and 37 quality factors, updated daily.
69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 5, 2026.
How to read this chart
60‑month range 30.15 TWD – 136.00 TWD · fair‑value band 21.90 TWD – 36.50 TWD · the 32.50 TWD price screens above the 29.20 TWD fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 5, 2026.
Follow King’s Town Construction Co in your weekly email
Every Wednesday you see whether King’s Town Construction Co is on track or worth a review, plus price against fair value. Free, up to 3 stocks.
We send you a confirmation link. Unsubscribe with one click.
King's Town Construction Co., Ltd. engages in the residential and building development in Taiwan. The company also develops, leases, and sells specific professional zones.
Show moreShow less
In addition, it engages in the hotel and restaurant businesses; and district expropriation and urban land rezoning agency business. The company was formerly known as Wei Cheng Construction Co., Ltd. The company was founded in 1982 and is based in Kaohsiung, Taiwan.
Stock analysis
King’s Town Construction Co Ltd (2524) currently trades at 32.50 TWD, while our model-based Fair Value estimate is 29.20 TWD, 10% below the price, so the stock looks overvalued today.
Show more
Valuation
Bull case: the Economic Profit group reads highest at a median of 39.63 TWD per share, and 3 of the 13 models we run sit above the 32.50 TWD price.
Bear case: the Growth DCF group reads lowest at 12.02 TWD, and 10 of the 13 models stay below the price. Data coverage for this calculation is low.
Scenario range: 21.90 TWD (bear) to 36.50 TWD (bull), the price of 32.50 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 45/100 (below-average quality), in the Real Estate sector.
Mixed Growth: Spin-off in 2015: revenue and profit before it include the divested business. Growth is measured afresh from 2015.
King’s Town Construction Co Ltd reported revenue of 3.7B TWD in FY2025 versus 6.7B TWD in FY2021, a compound −13.8%/yr. Reported net income was 629M TWD in FY2025, compounding −21.9%/yr from FY2021.
Key figures
Market cap 12.0B TWD (≈ $366M) Small · P/E ratio 39.6 · P/S ratio 5.42 · EPS (TTM) 0.8200 TWD · Net margin 13.6% · Return on equity 1.4% · Return on assets (EBIT) 4.7% (5-year average) · Operating margin 29.6%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 46 out of 100 (low confidence).
What moves the price
The share trades about 27% below its 52-week high and 1% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Real Estate peers we cover trades at 33% fair-value upside, at −10%, 2524 screens richer than that median.
Fair Value models
Bear21.90 TWDFair Value 29.20 TWDBull36.50 TWD
Price 32.50 TWD · Downside -10.2%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models. Based on fiscal year 2025 figures (about 10 months old). Earnings retained since then (0.7032 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. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Coverage ⓘCoverage = 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
Spin-off in 2015: revenue and profit before it include the divested business. Growth is measured afresh from 2015.
Revenue growth 1 year
−60.4%
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.
+2.8%
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.
−15.8%
Start year 2020 (pandemic). Over 10 years: +7.8% a year
Revenue growth 10 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.
+7.8%
’14
’15
’16
’17
’18
’19
’20
’21
’22
’23
’24
’25
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. Basis: EBIT basis. 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.
−11.1%
Earnings growth per share plus dividend.
Earnings per share, growth per year−11.1%
Dividend (yield on the price)0.0%
Per share before 2015divided by the spin-off factor 1.02
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.base effect: −17.5% / 1.4%
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.25% → 32%
Pace: the 5-year rate starts in 2020 (pandemic)
Growth Forecast
A lot of optimism in the price
The price assumes more 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).
+52.4%
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 +50.0% a year for the price.
Compare King’s Town Construction Co Ltd with another stock
Price, fair value, quality and upside side by side.
Free, no sign-up
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 · 489 stocks
Beats the industry median on 4/13 measures
Overall it trails its industry peers.
Valuation
Quality Score45 · Below median
Fair Value upside−10.2% · Below median
Profitability
Return on equity (12 months)1.4% · Below median
Return on assets1.6% · Below median
Net margin (12 months)13.6% · Above median
Operating margin (12 months)29.6% · Top 25%
Growth and dividend
Revenue growth (quarter YoY)−25.6% · Below median
Balance sheet
Debt / equity0.21× · Below 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). "King’s Town Construction Co Ltd Fair Value". https://www.fairvalue-calculator.com/stock/2524
Frequently asked questions
Is King’s Town Construction Co Ltd (2524) overvalued or undervalued?
As of Nov 5, 2026, our model estimates a fair value of 29.20 TWD versus a price of 32.50 TWD, about 10% lower (overvalued).
What is the fair value of 2524?
Our model-based fair value for King’s Town Construction Co Ltd is 29.20 TWD (as of Nov 5, 2026), built from audited fundamentals. The current price: 32.50 TWD.
What is the quality score of 2524?
King’s Town Construction Co Ltd has a Quality Score of 45/100. 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 King’s Town Construction Co Ltd (2524)?
Our model-based price target is the fair value of 29.20 TWD (as of Nov 5, 2026) from 14 valuation models. Cautious scenario 21.90 TWD, optimistic scenario 36.50 TWD. It is a calculation from audited fundamentals, not an analyst target.
What is the King’s Town Construction Co Ltd stock forecast for 2026?
Our models put fair value at 29.20 TWD, about 10% lower versus a price of 32.50 TWD (overvalued). Cautious scenario 21.90 TWD, optimistic scenario 36.50 TWD. The calculation is refreshed regularly with new filings.
What is the revenue of King’s Town Construction Co Ltd (2524)?
King’s Town Construction Co Ltd reported trailing-twelve-month revenue of about 2.2B TWD (latest available figure, as of Nov 5, 2026).
What growth is priced into King’s Town Construction Co Ltd (2524)?
For today's price to be fair in a discounted-cash-flow model, King’s Town Construction Co Ltd would have to grow free cash flow by +52.4 % 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 -15.8 % per year. As of Nov 5, 2026.
What discount rate (WACC) does the fair value of 2524 use?
Our models discount King’s Town Construction Co Ltd at 10.3 %: a base by market capitalisation (small), damped by beta 0.15, 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 King’s Town Construction Co Ltd that is +52.4 % per year for five years, then slowing evenly to 2 % by year ten, using the same discount rate (10.3 %) and the same formula as our fair value.
How much growth has King’s Town Construction Co Ltd (2524) delivered so far?
Over the past 5 years revenue at King’s Town Construction Co Ltd grew -15.8 % a year. The price currently implies free-cash-flow growth of +52.4 % per 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 King’s Town Construction Co Ltd (2524) growing?
The median revenue growth in the sector is +2.7 % a year. That is the yardstick for the growth priced into King’s Town Construction Co Ltd (+52.4 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of King’s Town Construction Co Ltd (2524)?
The free-cash-flow yield on the price is 1.52 %: that much free cash flow King’s Town Construction Co Ltd 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 King’s Town Construction Co Ltd (2524)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For King’s Town Construction Co Ltd it is 29.20 TWD per share (as of Nov 5, 2026), against a price of 32.50 TWD. It is the blended result of 14 valuation models in 5 families (DCF Models, Multiples, Asset-Based, Growth DCF, Economic Profit).
Is King’s Town Construction Co Ltd stock overvalued or undervalued in 2026?
As of Nov 5, 2026, 2524 trades above its calculated fair value: price 32.50 TWD, fair value 29.20 TWD, a gap of about −10% (overvalued). 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 2524?
No. The price is what the market pays today (32.50 TWD); the fair value is what the company's own numbers justify (29.20 TWD). For King’s Town Construction Co Ltd the two are 3.30 TWD per share apart. That gap is exactly why we show both numbers side by side.
How much is King’s Town Construction Co Ltd worth?
The market values King’s Town Construction Co Ltd at about 12.0B TWD (market capitalisation, as of Nov 5, 2026). Per share that is 32.50 TWD; our models calculate a fair value of 29.20 TWD per share.
What do the bullish and bearish scenarios say about 2524?
Our models span a range for King’s Town Construction Co Ltd: cautious scenario 21.90 TWD, base 29.20 TWD, optimistic 36.50 TWD per share (as of Nov 5, 2026, price 32.50 TWD). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 2524?
King’s Town Construction Co Ltd trades at a price-to-earnings ratio of 39.6 (as of Nov 5, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 29.20 TWD is built from several models across several years. Median P/E at fiscal year-end, 10 fiscal years (2016 to 2025), reported earnings: 11.4. Other multiples: P/B 0.6, P/S 5.4, EV/EBITDA 22.3.
How solid is the balance sheet of King’s Town Construction Co Ltd (2524)?
Balance-sheet figures for King’s Town Construction Co Ltd (as of Nov 5, 2026): return on equity 1.4%, debt of 0.21 per unit of equity. They feed the Quality Score of 45/100, which measures business quality independently of the share price.
How far is 2524 from its 52-week high?
King’s Town Construction Co Ltd trades at 32.50 TWD, about 27% below its 52-week high of 44.75 TWD and 1% above the low of 32.25 TWD (as of Nov 9, 2026). Distance from the high says nothing about value: that is what the fair value of 29.20 TWD is for.
Which stocks are comparable to King’s Town Construction Co Ltd?
From the same area (Real Estate) we also value Sun Hung Kai Properties Limited, China Resources Land Limited, CK Asset Holdings, DLF 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 King’s Town Construction Co Ltd stock attractive at the current price?
The data as of Nov 5, 2026: price 32.50 TWD, calculated fair value 29.20 TWD (−10%), Quality Score 45/100, from 14 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 2524 calculated?
We run King’s Town Construction Co Ltd through 14 models from 5 families: DCF Models, Multiples, Asset-Based, Growth DCF, Economic Profit. Every model gets the same audited fundamentals; the fair value of 29.20 TWD builds on their evidence-weighted average, 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 13.3% above its aggregate fair value. King’s Town Construction Co Ltd itself currently trades above fair value. 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 King’s Town Construction Co Ltd (2524)?
The closing price on Nov 9, 2026 was 32.50 TWD. Our model-based fair value is 29.20 TWD, about 10% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with King’s Town Construction Co Ltd right now?
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.
Where does the earnings growth of King’s Town Construction Co Ltd (2524) come from?
Earnings per share at King’s Town Construction Co Ltd grew +9.6 % a year from 2014 to 2025. Broken into its drivers: revenue per share +8.7 %, EBIT margin +0.7 %, tax rate +0.8 %, residual (interest, one-offs) −0.7 %. 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 King’s Town Construction Co Ltd
How large is the market capitalisation of King’s Town Construction Co Ltd (2524)?
The market capitalisation of King’s Town Construction Co Ltd is 12.0B TWD (≈ $366M). 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 King’s Town Construction Co Ltd (2524)?
The price-to-sales ratio of King’s Town Construction Co Ltd is 5.42 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of King’s Town Construction Co Ltd (2524)?
Earnings per share at King’s Town Construction Co Ltd are 0.8200 TWD (price ÷ EPS = P/E 39.6). Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of King’s Town Construction Co Ltd (2524)?
The net margin of King’s Town Construction Co Ltd is 13.6% (last twelve months). 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 King’s Town Construction Co Ltd (2524)?
The return on equity (ROE) of King’s Town Construction Co Ltd is 1.4% (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 King’s Town Construction Co Ltd (2524)?
On an EBIT basis the return on assets of King’s Town Construction Co Ltd is 4.7% (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 King’s Town Construction Co Ltd (2524)?
The operating margin of King’s Town Construction Co Ltd is 29.6% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at King’s Town Construction Co Ltd (2524)?
Revenue at King’s Town Construction Co Ltd is growing −25.6% versus a year earlier (3y avg +2.8%). 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 King’s Town Construction Co Ltd (2524)?
Earnings per share at King’s Town Construction Co Ltd are growing +12.5% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does King’s Town Construction Co Ltd (2524) carry?
The net debt of King’s Town Construction Co Ltd is 17.7B TWD (fiscal year 2025, ≈ 97.3 yrs of FCF). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
Free · no account needed
Watch King’s Town Construction Co Ltd in the live analysis
One click puts King’s Town Construction Co Ltd on your watchlist: fair value and trend at a glance, plus comparison, the diversification check and the 27,000+ stock screener.
Thin data
Nov 5, 2026