Hong Pu Real Estate Development Co (2536) Fair Value & Analysis
Real Estate · TW · Market cap 6.3B TWD
Fair value as of: Jul 23, 2026
From 14 valuation models · updated 18 days ago
Fair value updated Jul 23, 2026, revised from 52.50 TWD to 47.25 TWD (−10.0%) since Jun 26, 2026. Share price +3.8% over the past month.
A solid business, screening 133% undervalued on our models.
What matters now
- The price is below even our cautious bear case (35.44 TWD). The market is more pessimistic than our downside scenario.
- Solid quality (64/100) 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.
Price vs Fair Value (5 years)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 23, 2026.
How to read this chart
60‑month range 17.90 TWD – 39.85 TWD · fair‑value band 35.44 TWD – 59.06 TWD · the 20.30 TWD price screens below the 47.25 TWD fair value. Dashed = 300-day average. As of Jul 23, 2026.
Analysis
Hong Pu Real Estate Development Co (2536) currently trades at 20.30 TWD, while our model-based Fair Value estimate is 47.25 TWD, implying the stock looks roughly 132.8% undervalued today. The Quality Score stands at 64/100 (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, Hong Pu Real Estate Development Co generated revenue of 10.5B TWD at a net margin of 10.5%. Revenue grew 2.5% year over year. It earns a return on equity of 8.5%. Net debt stands at 16.4B TWD. Fundamentals as of Jul 23, 2026
Our scenario range runs from 35.44 TWD (bear case) to 59.06 TWD (bull case); at 20.30 TWD, the current price sits below 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 34% below its 52-week high and 7% 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 133%, 2536 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 14 models by family
Widest divergence: DCF Models (292.93 TWD) versus Asset-Based (25.48 TWD). Highest evidence: Growth DCF (80).
Notify me when 2536 reaches fair value
Free. You confirm by email (double opt-in) and can unsubscribe anytime in one click.
Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Jul 23, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 62 · Market factors (momentum, volatility) 39
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
Hong Pu Real Estate Development Co., Ltd. engages in the construction, leasing, and selling of residential and commercial buildings in Taiwan. The company was founded in 1988 and is based in Taipei, Taiwan.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
Hong Pu Real Estate Development Co reported revenue of 10.5B TWD in FY2025 versus 323M TWD in FY2021, a compound +138.6%/yr. Reported net income was 1.1B TWD in FY2025.
of which total revenue +1.3 pp · buybacks/dilution +0.1 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).
Watch 2536: get an alert when its fair value changes →
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.
Valuation Multiples vs Real Estate - Development 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 Real Estate - Development stocks, each showing price versus our Fair Value estimate (as of Jul 23, 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% |
Compare Hong Pu Real Estate Development Co with another stock
Price, fair value, quality and upside side by side.
Explore undervalued stocks
More undervalued Real Estate stocks →
Frequently asked questions
Is Hong Pu Real Estate Development Co (2536) overvalued or undervalued?
What is the fair value of 2536?
What is the quality score of 2536?
What is the revenue of Hong Pu Real Estate Development Co (2536)?
What is the net profit margin of 2536?
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.
Track Hong Pu Real Estate Development Co and try Pro for 14 days
One email gets you 14 days of full Pro (review alerts, the 35,000+ stock screener, the diversification check) plus the monthly Top-25 report of the most undervalued quality stocks. No card, cancel anytime.
Zero risk: nothing is ever charged. After 14 days you decide whether to stay.