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Hung Ching Development & Construction Co Ltd (2527) fair value: what the stock is really worth

As of Sep 24, 2026: fair value of Hung Ching Development & Construction Co Ltd TWD 30.85, price TWD 47.95, upside -35.7%, quality 39 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.

  1. Fair value above price? No
  2. Good quality? No
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Real Estate · TW · ISIN TW0002527009

HC Some data Sep 24, 2026

Hung Ching Development & Construction Co Ltd

2527 · TW

Weakest SetupStrongly overvalued and low quality.

!Fair value 30.85 TWD · Strongly overvalued (−36%)
!Quality 39/100
!Weak Growth (revenue 5y −28.3 %/yr)
✓Highly profitable · 26.2% net margin (TTM)
!Low debt · negative free cash flow
·3.13% dividend yield
✓Ranks above peers (6/10)
!Moderate moat 56/100
!Evidence only medium, so the estimate is less certain
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What runs behind every stock

69 individual criteria per stock, every one traceable See the method →

Price vs Fair Value

63.20 TWD 17.65 TWD Fair Value 30.85 TWD Apr 2021 Sep 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 24, 2026.

How to read this chart

60‑month range 17.65 TWD – 63.20 TWD · fair‑value band 16.41 TWD – 30.85 TWD · the 47.95 TWD price screens above the 30.85 TWD fair value. Dashed = 300-day average. As of Sep 24, 2026.

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Company profile

Hung Ching Development & Construction Co. Ltd. engages in the development and construction of residential and commercial buildings for rent and sale, and other related businesses in Taiwan and China. The company operates through Property Development; Construction; Lease; and Other segments.

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Hung Ching Development & Construction Co. Ltd. engages in the development and construction of residential and commercial buildings for rent and sale, and other related businesses in Taiwan and China. The company operates through Property Development; Construction; Lease; and Other segments. It also engages in the retail of household appliances and supplies; construction engineering contracting; leasing of shopping mall and office building; real estate development; technical consulting services of electronic engineering and architectural engineering; and operates department stores and parking lots. In addition, the company offers lease of investment property; consulting services of property management and construction; management consultant; general investment; electronic engineering technology consulting; construction engineering technology consulting; and engineering construction and technical consulting services. Hung Ching Development & Construction Co. Ltd was founded in 1975 and is based in Taipei, Taiwan.

Stock analysis

Hung Ching Development & Construction Co Ltd (2527) currently trades at 47.95 TWD, while our model-based Fair Value estimate is 30.85 TWD, implying the stock looks roughly 55.4% overvalued today.

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Valuation

Bull case: the Asset-Based group reads highest at a median of 43.90 TWD per share, and 0 of the 7 models we run sit above the 47.95 TWD price.

Bear case: the Multiples group reads lowest at 15.89 TWD, and 7 of the 7 models stay below the price. Evidence for this calculation is medium.

Scenario range: 16.41 TWD (bear) to 30.85 TWD (bull), the price of 47.95 TWD sits above 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 39/100 (below-average quality), in the Real Estate sector.

Weak Growth: Revenue is shrinking: the last year, the last three and the last five years are all negative.

Hung Ching Development & Construction Co Ltd reported revenue of 659M TWD in FY2025 versus 7.0B TWD in FY2021, a compound −44.6%/yr. Reported net income was 245M TWD in FY2025, compounding −37.7%/yr from FY2021.

Key figures

Market cap 13.2B TWD (≈ $415M) · P/E ratio 51.6 · P/S ratio 19.1 · EPS (TTM) 0.9300 TWD · Dividend yield 3.1% · Net margin 37.1% · Return on equity 7.5% · Return on assets (EBIT) 3.9%.

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 5% below its 52-week high and 117% above its 52-week low, currently above its 200-day average.

For context, the median of 10 Real Estate peers we cover trades at −37% fair-value upside, at −36%, 2527 screens cheaper than that median.

Fair Value models

Bear 16.41 TWD Fair Value 30.85 TWD Bull 30.85 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. 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.
Highest evidence
Residual Income 42.99 TWD 40.24 TWD 28.07 TWD 74
Gordon GGM 15.54 TWD 28.00 TWD 38.55 TWD 66
DDM Multi-Stage 15.54 TWD 25.58 TWD 29.91 TWD 65
All 7 models by family
Dividend Discount
Gordon GGM 15.54 TWD 28.00 TWD 38.55 TWD 66
DDM Multi-Stage 15.54 TWD 25.58 TWD 29.91 TWD 65
Multiples
P/S Multiple 11.92 TWD 15.89 TWD 19.86 TWD 58
P/B Multiple 11.92 TWD 15.89 TWD 19.86 TWD 55
EV/EBITDA 0.0600 TWD 2.66 TWD 5.27 TWD 57
Asset-Based
NCAV (Graham) 32.76 TWD 43.90 TWD 65.52 TWD 54
Economic Profit
Residual Income 42.99 TWD 40.24 TWD 28.07 TWD 74

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Quality Score breakdown

Overall quality 39/100

Of which business quality 36 · Market factors (momentum, volatility) 86

Profitability 29
Margins and returns on capital today
Quality Growth 32
Are margins and returns improving?
Cashflow 0
Earnings quality: real cash, not paper profit
Fin. Strength 38
Balance sheet, leverage, solvency risk
Investment 36
Disciplined investing over empire-building
Low Volatility 67
Calm price path (market factor)
Momentum 92
Price trend over the last 3–12 months (market factor)
52W Momentum 96
Distance to the 52-week high (market factor)
Net Issuance 100
Share count: buybacks or dilution?

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Revenue & earnings trend

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. 11/100
Revenue is shrinking: the last year, the last three and the last five years are all negative.
Revenue growth 1 year
−90.9%
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.
−22.0%
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.
−28.3%
Start year 2020 (pandemic). Over 10 years: −13.9% a year
Revenue growth 23 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.
+1.0%
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.
−15.3%
Earnings growth per share plus dividend.
Earnings per share, growth per year−18.4%
Dividend (yield on the price)3.1%
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.−18% vs −9%, slowing
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.15% → 3%
Start year 2020 (pandemic)
⚠ Revenue per share shrinking 2.3%/yr over ~10Y (margins intact) ⓘ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.

2527 screens 55% overvalued. Compare with Vingroup Joint Stock Company →

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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 Services · 547 stocks

Beats the industry median on 6/10 measures
Overall it ranks above its industry peers.
Valuation
Quality Score 40 · Bottom 25%
Fair Value upside −36% · Below median
Profitability
Return on equity (TTM) 8% · Above median
Return on assets 2% · Above median
Net margin (TTM) 26% · Above median
Operating margin (TTM) 25% · Above median
Growth and dividend
Revenue growth 25% · Top 25%
Dividend yield (TTM) 3.1% · Below median
Balance sheet
Debt / equity 0.20× · Below median

Valuation Multiplesvs Real Estate Services median · lower = cheaper

P/E (TTM) 51.6× · Priciest 25%

Strength profile in five axes (Snowflake)

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE (fair-value potential)0 · sector 38
FUTURE (revenue growth)100 · sector 12
PAST (return on equity)30 · sector 16
HEALTH (low debt)90 · sector 83
DIVIDEND (yield)63 · sector 65

VALUE 0: the price sits above our fair-value range.

Context: sector, industry, market

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

Similar stocks

10 more Real Estate Services stocks, each showing price versus our Fair Value estimate.

Stock Price Fair Value vs Fair Value
Vingroup Joint Stock Company VIC 236,000 VND 25,731 VND −89%
CBRE Group CBRE $141.05 $89.43 −37%
Vonovia SE VNA €17.09 €36.67 +115%
Cellnex Telecom, S.A CLNX €25.33 €23.78 −6%
KE Holdings 2423 HK$42.78 HK$17.18 −60%
Jones Lang LaSalle Incorporated JLL $324.06 $530.17 +64%
Swire Properties Limited 1972 HK$24.40 HK$13.50 −45%
CoStar Group CSGP $28.77 $6.17 −79%
China Resources Mixc Lifestyle Services Limited 1209 HK$37.44 HK$56.43 +51%
CapitaLand Investment Limited 9CI 2.62 SGD 0.5000 SGD −81%

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Cite: Fair Value Calculator (2026). "Hung Ching Development & Construction Co Ltd Fair Value". https://www.fairvalue-calculator.com/stock/2527

Frequently asked questions

Is Hung Ching Development & Construction Co Ltd (2527) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of 30.85 TWD versus a price of 47.95 TWD, about −36% upside (overvalued).
What is the fair value of 2527?
Our model-based fair value for Hung Ching Development & Construction Co Ltd is 30.85 TWD (as of Sep 24, 2026), built from audited fundamentals. The current price: 47.95 TWD.
What is the quality score of 2527?
Hung Ching Development & Construction Co Ltd has a Quality Score of 39/100. 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 Hung Ching Development & Construction Co Ltd (2527)?
Our model-based price target is the fair value of 30.85 TWD (as of Sep 24, 2026) from 7 valuation models. Cautious scenario 16.41 TWD, optimistic scenario 30.85 TWD. It is a calculation from audited fundamentals, not an analyst target.
What is the Hung Ching Development & Construction Co Ltd stock forecast for 2026?
Our models put fair value at 30.85 TWD, about −36% upside versus a price of 47.95 TWD (overvalued). Cautious scenario 16.41 TWD, optimistic scenario 30.85 TWD. The calculation is refreshed regularly with new filings.
Does Hung Ching Development & Construction Co Ltd pay a dividend?
Hung Ching Development & Construction Co Ltd currently shows a dividend yield of about 3.13% relative to its recent price (as of Sep 24, 2026).
What is the intrinsic value of Hung Ching Development & Construction Co Ltd (2527)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Hung Ching Development & Construction Co Ltd it is 30.85 TWD per share (as of Sep 24, 2026), against a price of 47.95 TWD. It is the blended result of 7 valuation models (cash flow, earnings, asset, dividend).
Is Hung Ching Development & Construction Co Ltd stock overvalued or undervalued in 2026?
As of Sep 24, 2026, 2527 trades above its calculated fair value: price 47.95 TWD, fair value 30.85 TWD, a gap of about −36% (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 2527?
No. The price is what the market pays today (47.95 TWD); the fair value is what the company's own numbers justify (30.85 TWD). For Hung Ching Development & Construction Co Ltd the two are 17.10 TWD per share apart. That gap is exactly why we show both numbers side by side.
How much is Hung Ching Development & Construction Co Ltd worth?
The market values Hung Ching Development & Construction Co Ltd at about 13.2B TWD (market capitalisation, as of Sep 24, 2026). Per share that is 47.95 TWD; our models calculate a fair value of 30.85 TWD per share.
What do the bullish and bearish scenarios say about 2527?
Our models span a range for Hung Ching Development & Construction Co Ltd: cautious scenario 16.41 TWD, base 30.85 TWD, optimistic 30.85 TWD per share (as of Sep 24, 2026, price 47.95 TWD). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 2527?
Hung Ching Development & Construction Co Ltd trades at a price-to-earnings ratio of 51.6 (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 30.85 TWD is built from several models across several years.
How solid is the balance sheet of Hung Ching Development & Construction Co Ltd (2527)?
Balance-sheet figures for Hung Ching Development & Construction Co Ltd (as of Sep 24, 2026): return on equity 7.5%, debt of 0.20 per unit of equity. They feed the Quality Score of 39/100, which measures business quality independently of the share price.
How far is 2527 from its 52-week high?
Hung Ching Development & Construction Co Ltd trades at 47.95 TWD, about 5% below its 52-week high of 50.50 TWD and 117% above the low of 22.05 TWD (as of Sep 24, 2026). Distance from the high says nothing about value: that is what the fair value of 30.85 TWD is for.
Which stocks are comparable to Hung Ching Development & Construction Co Ltd?
From the same area (Real Estate) we also value Vingroup Joint Stock Company, CBRE Group, Vonovia SE, Cellnex Telecom, S.A, 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 Hung Ching Development & Construction Co Ltd stock attractive at the current price?
The data as of Sep 24, 2026: price 47.95 TWD, calculated fair value 30.85 TWD (−36%), Quality Score 39/100, from 7 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 2527 calculated?
We run Hung Ching Development & Construction Co Ltd through 7 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 30.85 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 14.0 % above its aggregate fair value. Hung Ching Development & 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 Hung Ching Development & Construction Co Ltd (2527)?
The closing price on Sep 24, 2026 was 47.95 TWD. Our model-based fair value is 30.85 TWD, about −36% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Hung Ching Development & Construction Co Ltd right now?
The price sits above even our optimistic bull case (30.85 TWD). The favourable scenario is already priced in. Weak quality (39/100) and above fair value at the same time, the margin of safety is missing on both counts. A fairly wide model range (16.41 TWD to 30.85 TWD) leaves room in how you read the outcome. As a real-estate business, asset- and dividend-based methods carry more weight here than a standard DCF.
Where does the earnings growth of Hung Ching Development & Construction Co Ltd (2527) come from?
Earnings per share at Hung Ching Development & Construction Co Ltd grew +3.1 % a year from 2014 to 2025. Broken into its drivers: revenue per share +2.2 %, EBIT margin +2.0 %, tax rate +0.0 %, 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 Hung Ching Development & Construction Co Ltd

How large is the market capitalisation of Hung Ching Development & Construction Co Ltd (2527)?
The market capitalisation of Hung Ching Development & Construction Co Ltd is 13.2B TWD (≈ $415M). 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 Hung Ching Development & Construction Co Ltd (2527)?
The price-to-sales ratio of Hung Ching Development & Construction Co Ltd is 19.1 (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 Hung Ching Development & Construction Co Ltd (2527)?
Earnings per share at Hung Ching Development & Construction Co Ltd are 0.9300 TWD (price ÷ EPS = P/E 51.6). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Hung Ching Development & Construction Co Ltd (2527)?
The dividend yield of Hung Ching Development & Construction Co Ltd is 3.1% (payout 161%). 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 Hung Ching Development & Construction Co Ltd (2527)?
The net margin of Hung Ching Development & Construction Co Ltd is 37.1% (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 Hung Ching Development & Construction Co Ltd (2527)?
The return on equity (ROE) of Hung Ching Development & Construction Co Ltd is 7.5% (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 Hung Ching Development & Construction Co Ltd (2527)?
On an EBIT basis the return on assets of Hung Ching Development & Construction Co Ltd is 3.9% (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 Hung Ching Development & Construction Co Ltd (2527)?
The operating margin of Hung Ching Development & Construction Co Ltd is 24.6% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Hung Ching Development & Construction Co Ltd (2527)?
Revenue at Hung Ching Development & Construction Co Ltd is growing +25.0% versus a year earlier (3y avg −22.0%). 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 Hung Ching Development & Construction Co Ltd (2527)?
Earnings per share at Hung Ching Development & Construction Co Ltd are growing −90.5% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Hung Ching Development & Construction Co Ltd (2527) generate?
The free cash flow of Hung Ching Development & Construction Co Ltd is −984M TWD (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net debt does Hung Ching Development & Construction Co Ltd (2527) carry?
The net debt of Hung Ching Development & Construction Co Ltd is 12.2B TWD (fiscal year 2025). 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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