Delpha Construction Co (2530) Fair Value & Analysis
Industrials · TW · Market cap 16.6B TWD
Fair value as of: Jul 21, 2026
From 16 valuation models · updated 20 days ago
Share price −0.5% over the past month.
A solid business, screening 48% undervalued on our models.
What matters now
- Solid quality (56/100) at a price below fair value, the discount is the argument here, not the business quality.
- A fairly wide model range (17.98 TWD to 39.69 TWD) leaves room in how you read the outcome.
Price vs Fair Value (5 years)
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 11.37 TWD – 52.83 TWD · fair‑value band 17.98 TWD – 39.69 TWD · the 19.45 TWD price screens below the 28.81 TWD fair value. Dashed = 300-day average. As of Jul 21, 2026.
Analysis
Delpha Construction Co (2530) currently trades at 19.45 TWD, while our model-based Fair Value estimate is 28.81 TWD, implying the stock looks roughly 48.1% undervalued today. The Quality Score stands at 56/100 (solid quality), in the Industrials 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, Delpha Construction Co generated revenue of 6.4B TWD at a net margin of 26.0%. Revenue grew 15.6% year over year. It earns a return on equity of 15.9%. Net debt stands at 12.4B TWD. Fundamentals as of Jul 21, 2026
Our scenario range runs from 17.98 TWD (bear case) to 39.69 TWD (bull case); at 19.45 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 38% below its 52-week high and 10% above its 52-week low, currently below its 200-day average. For context, the median of 10 Industrials peers we cover trades at -45% fair-value upside, at 48%, 2530 screens cheaper 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.
All 16 models by family
Widest divergence: DCF Models (64.41 TWD) versus Asset-Based (8.03 TWD). Highest evidence: Growth DCF (80).
Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Jul 21, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 58 · Market factors (momentum, volatility) 33
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
Delpha Construction Co.,Ltd. constructs commercial buildings in Taiwan. It operates through three segments: Construction Department; Movable and Immovable Property Investment and Development Department; and Building Department. It provides commissioning construction services to build residential housing and commercial buildings for rent.
Full company description
Delpha Construction Co.,Ltd. constructs commercial buildings in Taiwan. It operates through three segments: Construction Department; Movable and Immovable Property Investment and Development Department; and Building Department. It provides commissioning construction services to build residential housing and commercial buildings for rent. It is also involved in residential and building development, leasing, and sales, as well as specific zones. In addition, it engages in contracting, operation, and investment of civil engineering and construction projects. Additionally, it provides interior decoration and real estate brokerage services; and engages in investment related businesses. The company was founded in 1949 and is based in Taipei, Taiwan.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
Delpha Construction Co reported revenue of 6.3B TWD in FY2025 versus 8.7M TWD in FY2021, a compound +419.3%/yr. Reported net income was 1.7B TWD in FY2025.
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Peer Group
Engineering & Construction · 837 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.
Valuation Multiples vs Engineering & Construction median · lower = cheaper
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.
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.
Similar stocks
10 more Engineering & Construction stocks, each showing price versus our Fair Value estimate (as of Jul 21, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| Larsen & Toubro Limited LT | ₹3,815 | ₹1,994 | -48% |
| Samsung C&T Corporation 028260 | 346,000 KRW | 268,779 KRW | -22% |
| Hyundai Engineering & Construction Co 000720 | 99,000 KRW | 63,993 KRW | -35% |
| United Integrated Services Co 2404 | 1,250 TWD | 925.62 TWD | -26% |
| Samsung E&A Co 028050 | 42,550 KRW | 44,840 KRW | +5% |
| Rail Vikas Nigam Limited RVNL | ₹232.67 | ₹61.46 | -74% |
| Daewoo Engineering & Construction Co 047040 | 16,240 KRW | 6,507 KRW | -60% |
| NBCC (India) Limited NBCC | ₹96.32 | ₹48.22 | -50% |
| Cemindia Projects Limited CEMPRO | ₹1,330 | ₹730.69 | -45% |
| KEPCO Engineering & Construction Company 052690 | 92,700 KRW | 20,172 KRW | -78% |
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Frequently asked questions
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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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