Highwealth Construction Corp (2542) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of Highwealth Construction Corp stock TWD 35.72, price TWD 37.75, that is 5.4% below the price, quality 40 out of 100. Rating: fairly valued. Calculated from audited financials with 7 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 8, 2026.
How to read this chart
60‑month range 33.90 TWD – 65.90 TWD · fair‑value band 21.25 TWD – 44.65 TWD · the 37.75 TWD price screens above the 35.72 TWD fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 8, 2026.
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Highwealth Construction Corp., together with its subsidiaries, engages in the development, construction, leasing, and sale of residential and commercial buildings in Taiwan. It operates through the Construction, and Hotels and Other Department segments.
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The company offers real estate agency brokerage and trading; and catering services. It also engages in the operation of hotels; wholesale of building materials; general investment activities; and other business operations.
Highwealth Construction Corp. was incorporated in 1980 and is headquartered in Taipei, Taiwan.
Stock analysis
Highwealth Construction Corp (2542) currently trades at 37.75 TWD, while our model-based Fair Value estimate is 35.72 TWD, so the stock looks roughly fairly valued today (gap 5.7%).
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Valuation
Bull case: the Multiples group reads highest at a median of 42.82 TWD per share, and 1 of the 6 models we run sit above the 37.75 TWD price.
Bear case: the Asset-Based group reads lowest at 10.14 TWD, and 5 of the 6 models stay below the price. Data coverage for this calculation is medium.
Scenario range: 21.25 TWD (bear) to 44.65 TWD (bull), the price of 37.75 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 40/100 (below-average quality), in the Real Estate sector.
Mixed Growth: Spin-off in 2009: revenue and profit before it include the divested business. Growth is measured afresh from 2009.
Highwealth Construction Corp reported revenue of 31.1B TWD in FY2025 versus 44.3B TWD in FY2021, a compound −8.5%/yr. Reported net income was 4.4B TWD in FY2025, compounding −14.2%/yr from FY2021.
Key figures
Market cap 79.8B TWD (≈ $2.4B) Mid · P/E ratio 8.8 · P/S ratio 1.37 · EPS (TTM) 4.30 TWD · Dividend yield 10.6% · Net margin 15.6% · Return on equity 20.6% · Return on assets (EBIT) 4.0% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 59 out of 100 (low confidence).
What moves the price
The share trades about 23% 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 33% fair-value upside, at −5%, 2542 screens richer than that median.
Fair Value models
Bear21.25 TWDFair Value 35.72 TWDBull44.65 TWD
Price 37.75 TWD · Downside -5.4%
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 (0.2564 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 2009: revenue and profit before it include the divested business. Growth is measured afresh from 2009.
Revenue growth 1 year
−15.9%
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.
+5.3%
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.
+4.9%
Start year 2020 (pandemic). Over 10 years: −1.1% a year
Revenue growth 16 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.
+3.0%
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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.
≈ +12.0%
Earnings growth per share plus dividend.
Earnings per share, growth per year≈ +1.4%
Dividend (yield on the price)10.6%
Per share before 2009divided by the spin-off factor 1.0459
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: 1.4% / −11.2%
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.17% → 21%
⚠ Revenue per share shrinking 3.0%/yr over ~10Y (margins eroding too) ⓘ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.
⚠ Base effect: the rate starts in the earnings trough around 2020 (starting value 1.58 per share, median 4.24 in 2015 to 2018). It measures the recovery from the trough, not lasting growth.
Compare Highwealth Construction Corp with another stock
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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 - Development · 489 stocks
Beats the industry median on 8/14 measures
A mixed picture versus its industry peers.
Valuation
Quality Score40 · Bottom 25%
Fair Value upside−5.4% · Below median
Profitability
Return on equity (12 months)20.6% · Top 25%
Return on assets1.6% · Below median
Net margin (12 months)15.6% · Above median
Operating margin (12 months)25.3% · Top 25%
Growth and dividend
Revenue growth (quarter YoY)254.0% · Top 25%
Dividend yield (12 months)10.6% · Top 25%
Balance sheet
Debt / equity0.48× · Above 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). "Highwealth Construction Corp Fair Value". https://www.fairvalue-calculator.com/stock/2542
Frequently asked questions
Is Highwealth Construction Corp (2542) overvalued or undervalued?
As of Nov 8, 2026, our model estimates a fair value of 35.72 TWD versus a price of 37.75 TWD, about 5% lower (fairly valued).
What is the fair value of 2542?
Our model-based fair value for Highwealth Construction Corp is 35.72 TWD (as of Nov 8, 2026), built from audited fundamentals. The current price: 37.75 TWD.
What is the quality score of 2542?
Highwealth Construction Corp has a Quality Score of 40/100. 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 Highwealth Construction Corp (2542)?
Our model-based price target is the fair value of 35.72 TWD (as of Nov 8, 2026) from 7 valuation models. Cautious scenario 21.25 TWD, optimistic scenario 44.65 TWD. It is a calculation from audited fundamentals, not an analyst target.
What is the Highwealth Construction Corp stock forecast for 2026?
Our models put fair value at 35.72 TWD, about 5% lower versus a price of 37.75 TWD (fairly valued). Cautious scenario 21.25 TWD, optimistic scenario 44.65 TWD. The calculation is refreshed regularly with new filings.
What is the revenue of Highwealth Construction Corp (2542)?
Highwealth Construction Corp reported trailing-twelve-month revenue of about 58.4B TWD (latest available figure, as of Nov 8, 2026).
Does Highwealth Construction Corp pay a dividend?
Highwealth Construction Corp currently shows a dividend yield of 10.60% relative to its recent price (as of Nov 8, 2026).
How much is the dividend of Highwealth Construction Corp (2542) and when is the ex-dividend date?
Highwealth Construction Corp pays a dividend of 4.00 TWD per share a year, a dividend yield of 10.6%. The last ex-dividend date was Sep 23, 2026. The payout ratio is 93.0% of earnings. Our assessment: Watch coverage. The dividend isn’t fully covered by free cash flow or earnings, part of it is funded from reserves or debt. Fine for now, but worth watching: if it stays uncovered, the dividend could be cut.
What is the intrinsic value of Highwealth Construction Corp (2542)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Highwealth Construction Corp it is 35.72 TWD per share (as of Nov 8, 2026), against a price of 37.75 TWD. It is the blended result of 7 valuation models in 4 families (Dividend Discount, Multiples, Asset-Based, Economic Profit).
Is Highwealth Construction Corp stock overvalued or undervalued in 2026?
As of Nov 8, 2026, 2542 trades above its calculated fair value: price 37.75 TWD, fair value 35.72 TWD, a gap of about −5% (fairly valued). 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 2542?
No. The price is what the market pays today (37.75 TWD); the fair value is what the company's own numbers justify (35.72 TWD). For Highwealth Construction Corp the two are 2.03 TWD per share apart. That gap is exactly why we show both numbers side by side.
How much is Highwealth Construction Corp worth?
The market values Highwealth Construction Corp at about 79.8B TWD (market capitalisation, as of Nov 8, 2026). Per share that is 37.75 TWD; our models calculate a fair value of 35.72 TWD per share.
What do the bullish and bearish scenarios say about 2542?
Our models span a range for Highwealth Construction Corp: cautious scenario 21.25 TWD, base 35.72 TWD, optimistic 44.65 TWD per share (as of Nov 8, 2026, price 37.75 TWD). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 2542?
Highwealth Construction Corp trades at a price-to-earnings ratio of 8.8 (as of Nov 8, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 35.72 TWD is built from several models across several years. Other multiples: PEG 0.9, P/B 1.5, P/S 1.4, EV/EBITDA 6.3.
What is the PEG ratio of 2542?
The PEG ratio of Highwealth Construction Corp is 0.92 (P/E divided by earnings growth, as of Nov 8, 2026). That is below 1, so growth is priced more cheaply than the earnings multiple alone suggests.
How solid is the balance sheet of Highwealth Construction Corp (2542)?
Balance-sheet figures for Highwealth Construction Corp (as of Nov 8, 2026): return on equity 20.6%, debt of 0.48 per unit of equity. They feed the Quality Score of 40/100, which measures business quality independently of the share price.
How far is 2542 from its 52-week high?
Highwealth Construction Corp trades at 37.75 TWD, about 23% below its 52-week high of 48.80 TWD and 11% above the low of 33.90 TWD (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of 35.72 TWD is for.
Which stocks are comparable to Highwealth Construction Corp?
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 Highwealth Construction Corp stock attractive at the current price?
The data as of Nov 8, 2026: price 37.75 TWD, calculated fair value 35.72 TWD (−5%), Quality Score 40/100, 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 2542 calculated?
We run Highwealth Construction Corp through 7 models from 4 families: Dividend Discount, Multiples, Asset-Based, Economic Profit. Every model gets the same audited fundamentals; the fair value of 35.72 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 13.0% above its aggregate fair value. Highwealth Construction Corp 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 Highwealth Construction Corp (2542)?
The closing price on Nov 6, 2026 was 37.75 TWD. Our model-based fair value is 35.72 TWD, about 5% lower (fairly valued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Highwealth Construction Corp right now?
The price sits close to our fair value, market and models broadly agree here, little valuation tension. A fairly wide model range (21.25 TWD to 44.65 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 Highwealth Construction Corp (2542) come from?
Earnings per share at Highwealth Construction Corp grew −11.2 % a year from 2014 to 2025. Broken into its drivers: revenue per share −4.4 %, EBIT margin −1.0 %, tax rate −2.5 %, residual (interest, one-offs) −3.8 %. 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 Highwealth Construction Corp
How large is the market capitalisation of Highwealth Construction Corp (2542)?
The market capitalisation of Highwealth Construction Corp is 79.8B TWD (≈ $2.4B). 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 Highwealth Construction Corp (2542)?
The price-to-sales ratio of Highwealth Construction Corp is 1.37 (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 Highwealth Construction Corp (2542)?
Earnings per share at Highwealth Construction Corp are 4.30 TWD (price ÷ EPS = P/E 8.8). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Highwealth Construction Corp (2542)?
The dividend yield of Highwealth Construction Corp is 10.6% (payout 93.0%). 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 Highwealth Construction Corp (2542)?
The net margin of Highwealth Construction Corp is 15.6% (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 Highwealth Construction Corp (2542)?
The return on equity (ROE) of Highwealth Construction Corp is 20.6% (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 Highwealth Construction Corp (2542)?
On an EBIT basis the return on assets of Highwealth Construction Corp is 4.0% (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 Highwealth Construction Corp (2542)?
The operating margin of Highwealth Construction Corp is 25.3% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Highwealth Construction Corp (2542)?
Revenue at Highwealth Construction Corp is growing +254% versus a year earlier (3y avg +5.3%). 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 Highwealth Construction Corp (2542)?
Earnings per share at Highwealth Construction Corp are growing +468% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Highwealth Construction Corp (2542) generate?
The free cash flow of Highwealth Construction Corp is −14.2B 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 Highwealth Construction Corp (2542) carry?
The net debt of Highwealth Construction Corp is 159B 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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Nov 8, 2026