Highwealth Construction Corp (2542) fair value: what the stock is really worth
As of Sep 24, 2026: fair value of Highwealth Construction Corp TWD 30.36, price TWD 39.50, upside -23.1%, quality 24 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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Price vs Fair Value
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 33.90 TWD – 65.90 TWD · fair‑value band 18.30 TWD – 37.91 TWD · the 39.50 TWD price screens above the 30.36 TWD fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 24, 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. The company offers real estate agency brokerage and trading; and catering services.
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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. 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 39.50 TWD, while our model-based Fair Value estimate is 30.36 TWD, implying the stock looks roughly 30.1% overvalued today.
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Valuation
Bull case: the Multiples group reads highest at a median of 35.72 TWD per share, and 2 of the 9 models we run sit above the 39.50 TWD price.
Bear case: the Asset-Based group reads lowest at 16.74 TWD, and 7 of the 9 models stay below the price. Evidence for this calculation is medium.
Scenario range: 18.30 TWD (bear) to 37.91 TWD (bull), the price of 39.50 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 24/100 (below-average quality), in the Real Estate sector.
Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.
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 104B TWD (≈ $3.3B) · P/E ratio 18.8 · P/S ratio 2.69 · EPS (TTM) 2.10 TWD · Dividend yield 10.1% · Net margin 14.3% · Return on equity 13.8% · Return on assets (EBIT) 4.0%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 37 out of 100 (low confidence).
What moves the price
The share trades about 19% below its 52-week high and 17% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Real Estate peers we cover trades at −3% fair-value upside, at −23%, 2542 screens richer than that median.
Fair Value models
Bear 18.30 TWDFair Value 30.36 TWDBull 37.91 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.
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.41/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
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 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.
+13.3%
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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.
+11.5%
Earnings growth per share plus dividend.
Earnings per share, growth per year+1.4%
Dividend (yield on the price)10.1%
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.1% vs −11%, picking up
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%
Start year 2020 (pandemic)
⚠ 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.
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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 · 581 stocks
Beats the industry median on 6/14 measures
A mixed picture versus its industry peers.
Valuation
Quality Score25 · Bottom 25%
Fair Value upside−23% · Below median
Profitability
Return on equity (TTM)14% · Top 25%
Return on assets3% · Above median
Net margin (TTM)15% · Above median
Operating margin (TTM)24% · Top 25%
Growth and dividend
Revenue growth14% · Above median
Dividend yield (TTM)10.1% · Top 25%
Balance sheet
Debt / equity0.48× · Above median
Valuation Multiplesvs Real Estate - Development median · lower = cheaper
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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 Sep 24, 2026, our model estimates a fair value of 30.36 TWD versus a price of 39.50 TWD, about −23% upside (overvalued).
What is the fair value of 2542?
Our model-based fair value for Highwealth Construction Corp is 30.36 TWD (as of Sep 24, 2026), built from audited fundamentals. The current price: 39.50 TWD.
What is the quality score of 2542?
Highwealth Construction Corp has a Quality Score of 24/100. 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 30.36 TWD (as of Sep 24, 2026) from 9 valuation models. Cautious scenario 18.30 TWD, optimistic scenario 37.91 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 30.36 TWD, about −23% upside versus a price of 39.50 TWD (overvalued). Cautious scenario 18.30 TWD, optimistic scenario 37.91 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 46.1B TWD (latest available figure, as of Sep 24, 2026).
Does Highwealth Construction Corp pay a dividend?
Highwealth Construction Corp currently shows a dividend yield of about 10.13% relative to its recent price (as of Sep 24, 2026).
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 30.36 TWD per share (as of Sep 24, 2026), against a price of 39.50 TWD. It is the blended result of 9 valuation models (cash flow, earnings, asset, dividend).
Is Highwealth Construction Corp stock overvalued or undervalued in 2026?
As of Sep 24, 2026, 2542 trades above its calculated fair value: price 39.50 TWD, fair value 30.36 TWD, a gap of about −23% (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 2542?
No. The price is what the market pays today (39.50 TWD); the fair value is what the company's own numbers justify (30.36 TWD). For Highwealth Construction Corp the two are 9.14 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 104B TWD (market capitalisation, as of Sep 24, 2026). Per share that is 39.50 TWD; our models calculate a fair value of 30.36 TWD per share.
What do the bullish and bearish scenarios say about 2542?
Our models span a range for Highwealth Construction Corp: cautious scenario 18.30 TWD, base 30.36 TWD, optimistic 37.91 TWD per share (as of Sep 24, 2026, price 39.50 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 18.8 (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 30.36 TWD is built from several models across several years. Other multiples: PEG 0.9, P/B 2.0, P/S 2.2, EV/EBITDA 10.8.
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 Sep 24, 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 Sep 24, 2026): return on equity 13.8%, debt of 0.48 per unit of equity. They feed the Quality Score of 24/100, which measures business quality independently of the share price.
How far is 2542 from its 52-week high?
Highwealth Construction Corp trades at 39.50 TWD, about 19% below its 52-week high of 48.80 TWD and 17% above the low of 33.90 TWD (as of Sep 24, 2026). Distance from the high says nothing about value: that is what the fair value of 30.36 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, CK Asset Holdings, Hongkong Land 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 Sep 24, 2026: price 39.50 TWD, calculated fair value 30.36 TWD (−23%), Quality Score 24/100, from 9 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 9 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 30.36 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 14.1 % 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 Sep 24, 2026 was 39.50 TWD. Our model-based fair value is 30.36 TWD, about −23% upside (overvalued). 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 above even our optimistic bull case (37.91 TWD). The favourable scenario is already priced in. Weak quality (24/100) and above fair value at the same time, the margin of safety is missing on both counts. A fairly wide model range (18.30 TWD to 37.91 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 104B TWD (≈ $3.3B). 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 2.69 (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 Highwealth Construction Corp (2542)?
Earnings per share at Highwealth Construction Corp are 2.10 TWD (price ÷ EPS = P/E 18.8). 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 10.1% (payout 190%). 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 14.3% (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 Highwealth Construction Corp (2542)?
The return on equity (ROE) of Highwealth Construction Corp is 13.8% (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 24.2% (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 +13.6% 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 +410% 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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