Huang Hsiang Construction Corp (2545) fair value: what the stock is really worth
As of Nov 10, 2026: fair value (intrinsic value) of Huang Hsiang Construction Corp stock TWD 30.51, price TWD 31.15, that is 2.1% below the price, quality 23 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 23.26 TWD – 66.74 TWD · fair‑value band 28.96 TWD – 38.14 TWD · the 31.15 TWD price screens above the 30.51 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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Huang Hsiang Construction Corporation, together with its subsidiaries, engages in the development of residential and commercial properties. The company operates through three segments: Construction sector, Construction Division, and Hotel sector.
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It is also involved in leasing and selling residential and commercial buildings; and construction and civil engineering business. In addition, the company provides hotels, accommodation and catering services.
The company was formerly known as Huang Ming Construction Corporation, LCC and changed its name to Huang Hsiang Construction Corporation in April 1996. Huang Hsiang Construction Corporation was founded in 1991 and is headquartered in Taipei, Taiwan.
Stock analysis
Huang Hsiang Construction Corp (2545) currently trades at 31.15 TWD, while our model-based Fair Value estimate is 30.51 TWD, so the stock looks roughly fairly valued today (gap 2.1%).
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Valuation
Bull case: the Dividend Discount group reads highest at a median of 56.70 TWD per share, and 3 of the 6 models we run sit above the 31.15 TWD price.
Bear case: the Asset-Based group reads lowest at 26.35 TWD, and 3 of the 6 models stay below the price. Data coverage for this calculation is low.
Scenario range: 28.96 TWD (bear) to 38.14 TWD (bull), the price of 31.15 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 23/100 (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.
Huang Hsiang Construction Corp reported revenue of 6.1B TWD in FY2025 versus 7.9B TWD in FY2021, a compound −6.2%/yr. Reported net income was 681M TWD in FY2025, compounding −27.4%/yr from FY2021.
Key figures
Market cap 11.8B TWD (≈ $361M) Small · P/E ratio 37.1 · P/S ratio 2.62 · EPS (TTM) 0.8400 TWD · Dividend yield 9.0% · Net margin 8.0% · Return on equity 2.4% · Return on assets (EBIT) 4.6% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 41 out of 100 (medium confidence).
What moves the price
The share trades about 16% below its 52-week high and at its 52-week low, currently below its 200-day average.
For context, the median of 10 Real Estate peers we cover trades at −54% fair-value upside, at −2%, 2545 screens cheaper than that median.
Fair Value models
Bear28.96 TWDFair Value 30.51 TWDBull38.14 TWD
Price 31.15 TWD · Downside -2.1%
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.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.8/100
Revenue is shrinking: the last year, the last three and the last five years are all negative.
Revenue growth 1 year
−51.0%
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.
−4.9%
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.
−1.2%
Start year 2020 (pandemic)
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.
+6.4%
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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.
−9.4%
Earnings growth per share plus dividend.
Earnings per share, growth per year−18.4%
Dividend (yield on the price)9.0%
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.−18.4% vs −10.1%, 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.33% → 24%
Compare Huang Hsiang Construction Corp with another stock
Price, fair value, quality and upside side by side.
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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 - Diversified · 115 stocks
Beats the industry median on 2/13 measures
Overall it trails its industry peers.
Valuation
Quality Score23 · Bottom 25%
Fair Value upside−2.2% · Below median
Profitability
Return on equity (12 months)2.4% · Below median
Return on assets1.1% · Below median
Net margin (12 months)8.0% · Below median
Operating margin (12 months)21.2% · Below median
Growth and dividend
Revenue growth (quarter YoY)−56.3% · Bottom 25%
Dividend yield (12 months)9.0% · Top 25%
Balance sheet
Debt / equity1.23× · Highest 25%
Valuation Multiplesvs Real Estate - Diversified 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). "Huang Hsiang Construction Corp Fair Value". https://www.fairvalue-calculator.com/stock/2545
Frequently asked questions
Is Huang Hsiang Construction Corp (2545) overvalued or undervalued?
As of Nov 8, 2026, our model estimates a fair value of 30.51 TWD versus a price of 31.15 TWD, about 2% lower (fairly valued).
What is the fair value of 2545?
Our model-based fair value for Huang Hsiang Construction Corp is 30.51 TWD (as of Nov 8, 2026), built from audited fundamentals. The current price: 31.15 TWD.
What is the quality score of 2545?
Huang Hsiang Construction Corp has a Quality Score of 23/100. 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 Huang Hsiang Construction Corp (2545)?
Our model-based price target is the fair value of 30.51 TWD (as of Nov 8, 2026) from 7 valuation models. Cautious scenario 28.96 TWD, optimistic scenario 38.14 TWD. It is a calculation from audited fundamentals, not an analyst target.
What is the Huang Hsiang Construction Corp stock forecast for 2026?
Our models put fair value at 30.51 TWD, about 2% lower versus a price of 31.15 TWD (fairly valued). Cautious scenario 28.96 TWD, optimistic scenario 38.14 TWD. The calculation is refreshed regularly with new filings.
What is the revenue of Huang Hsiang Construction Corp (2545)?
Huang Hsiang Construction Corp reported trailing-twelve-month revenue of about 4.5B TWD (latest available figure, as of Nov 8, 2026).
Does Huang Hsiang Construction Corp pay a dividend?
Huang Hsiang Construction Corp currently shows a dividend yield of 8.99% relative to its recent price (as of Nov 8, 2026).
How much is the dividend of Huang Hsiang Construction Corp (2545) and when is the ex-dividend date?
Huang Hsiang Construction Corp pays a dividend of 2.80 TWD per share a year, a dividend yield of 9.0%. The last ex-dividend date was Jul 8, 2026. A dividend has been paid every year since 2010. Our assessment: Pays more than it earns. The company pays out more in dividends than it earns, and free cash flow clearly does not cover the dividend either. It may need to be cut unless profits recover.
What is the intrinsic value of Huang Hsiang Construction Corp (2545)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Huang Hsiang Construction Corp it is 30.51 TWD per share (as of Nov 8, 2026), against a price of 31.15 TWD. It is the blended result of 7 valuation models in 4 families (Dividend Discount, Multiples, Asset-Based, Economic Profit).
Is Huang Hsiang Construction Corp stock overvalued or undervalued in 2026?
As of Nov 8, 2026, 2545 trades above its calculated fair value: price 31.15 TWD, fair value 30.51 TWD, a gap of about −2% (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 2545?
No. The price is what the market pays today (31.15 TWD); the fair value is what the company's own numbers justify (30.51 TWD). For Huang Hsiang Construction Corp the two are 0.6400 TWD per share apart. That gap is exactly why we show both numbers side by side.
How much is Huang Hsiang Construction Corp worth?
The market values Huang Hsiang Construction Corp at about 11.8B TWD (market capitalisation, as of Nov 8, 2026). Per share that is 31.15 TWD; our models calculate a fair value of 30.51 TWD per share.
What do the bullish and bearish scenarios say about 2545?
Our models span a range for Huang Hsiang Construction Corp: cautious scenario 28.96 TWD, base 30.51 TWD, optimistic 38.14 TWD per share (as of Nov 8, 2026, price 31.15 TWD). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 2545?
Huang Hsiang Construction Corp trades at a price-to-earnings ratio of 37.1 (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 30.51 TWD is built from several models across several years. Median P/E at fiscal year-end, 10 fiscal years (2016 to 2025), reported earnings: 8.5. Other multiples: P/B 0.8, P/S 2.6, EV/EBITDA 53.4.
How solid is the balance sheet of Huang Hsiang Construction Corp (2545)?
Balance-sheet figures for Huang Hsiang Construction Corp (as of Nov 8, 2026): return on equity 2.4%, debt of 1.23 per unit of equity. They feed the Quality Score of 23/100, which measures business quality independently of the share price.
How far is 2545 from its 52-week high?
Huang Hsiang Construction Corp trades at 31.15 TWD, about 16% below its 52-week high of 37.11 TWD and at the low of 31.15 TWD (as of Nov 10, 2026). Distance from the high says nothing about value: that is what the fair value of 30.51 TWD is for.
Which stocks are comparable to Huang Hsiang Construction Corp?
From the same area (Real Estate) we also value Swiss Prime Site AG, Central Pattana Public Company, The Phoenix Mills Limited, Prestige Estates Projects 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 Huang Hsiang Construction Corp stock attractive at the current price?
The data as of Nov 8, 2026: price 31.15 TWD, calculated fair value 30.51 TWD (−2%), Quality Score 23/100, 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 2545 calculated?
We run Huang Hsiang 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 30.51 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 13.7% above its aggregate fair value. Huang Hsiang 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 Huang Hsiang Construction Corp (2545)?
The closing price on Nov 10, 2026 was 31.15 TWD. Our model-based fair value is 30.51 TWD, about 2% lower (fairly valued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Huang Hsiang Construction Corp right now?
The price sits close to our fair value, market and models broadly agree here, little valuation tension. Evidence is limited here (fewer models, shorter history), so the fair value is a rougher estimate than usual. As a real-estate business, asset- and dividend-based methods carry more weight here than a standard DCF.
Where does the earnings growth of Huang Hsiang Construction Corp (2545) come from?
Earnings per share at Huang Hsiang Construction Corp grew +1.1 % a year from 2014 to 2025. Broken into its drivers: revenue per share +1.5 %, EBIT margin +1.3 %, tax rate −0.1 %, residual (interest, one-offs) −1.6 %. 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 Huang Hsiang Construction Corp
How large is the market capitalisation of Huang Hsiang Construction Corp (2545)?
The market capitalisation of Huang Hsiang Construction Corp is 11.8B TWD (≈ $361M). 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 Huang Hsiang Construction Corp (2545)?
The price-to-sales ratio of Huang Hsiang Construction Corp is 2.62 (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 Huang Hsiang Construction Corp (2545)?
Earnings per share at Huang Hsiang Construction Corp are 0.8400 TWD (price ÷ EPS = P/E 37.1). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Huang Hsiang Construction Corp (2545)?
The dividend yield of Huang Hsiang Construction Corp is 9.0%. 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 Huang Hsiang Construction Corp (2545)?
The net margin of Huang Hsiang Construction Corp is 8.0% (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 Huang Hsiang Construction Corp (2545)?
The return on equity (ROE) of Huang Hsiang Construction Corp is 2.4% (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 Huang Hsiang Construction Corp (2545)?
On an EBIT basis the return on assets of Huang Hsiang Construction Corp is 4.6% (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 Huang Hsiang Construction Corp (2545)?
The operating margin of Huang Hsiang Construction Corp is 21.2% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Huang Hsiang Construction Corp (2545)?
Revenue at Huang Hsiang Construction Corp is growing −56.3% versus a year earlier (3y avg −4.9%). 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 Huang Hsiang Construction Corp (2545)?
Earnings per share at Huang Hsiang Construction Corp are growing −31.3% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Huang Hsiang Construction Corp (2545) generate?
The free cash flow of Huang Hsiang Construction Corp is −5.2B 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 Huang Hsiang Construction Corp (2545) carry?
The net debt of Huang Hsiang Construction Corp is 40.0B 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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Thin data
Nov 8, 2026