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Leofoo Development Co (2705) Fair Value & Analysis

Consumer Cyclical · TW · Market cap 3.1B TWD

LD Leofoo Development Co 2705 · TW
Price16.20 TWD
Fair Value14.80 TWD
Upside-8.6%
Quality51/100
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Mixed Growth
Thin margins · 7.5% net margin
Low debt · generates free cash flow
Mixed vs. peers (7/13)
Narrow moat 27/100
Evidence: High Range 11.10 TWD – 18.50 TWD Share as image

Fair value as of: Jul 21, 2026

From 24 valuation models · updated 20 days ago

Share price +0.3% over the past month.

A solid business, currently priced close to our fair value.

What matters now

  • The price sits close to our fair value, market and models broadly agree here, little valuation tension.
  • Our model range runs from 11.10 TWD (bear) to 18.50 TWD (bull), base 14.80 TWD. The closer the price sits to the lower half, the larger the margin of safety.
  • Quality 51/100 (solid quality) with high evidence: the data supports the verdict.
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Price vs Fair Value (5 years)

26.55 TWD 14.50 TWD Fair Value 14.80 TWD Mar 2021 Aug 2026

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 14.50 TWD – 26.55 TWD · fair‑value band 11.10 TWD – 18.50 TWD · the 16.20 TWD price screens above the 14.80 TWD fair value. Dashed = 300-day average. As of Jul 21, 2026.

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Analysis

Leofoo Development Co (2705) currently trades at 16.20 TWD, while our model-based Fair Value estimate is 14.80 TWD, implying the stock looks roughly 8.6% fairly valued today. The Quality Score stands at 51/100 (solid quality), in the Consumer Cyclical sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: high).

Over the trailing twelve months, Leofoo Development Co generated revenue of 2.3B TWD at a net margin of 7.5%. Revenue declined 1.3% year over year. It earns a return on equity of 3.5%. Net debt stands at 8.5B TWD. Fundamentals as of Jul 21, 2026

Our scenario range runs from 11.10 TWD (bear case) to 18.50 TWD (bull case); at 16.20 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 15% below its 52-week high and 9% above its 52-week low, currently below its 200-day average. For context, the median of 10 Consumer Cyclical peers we cover trades at -62% fair-value upside, at -9%, 2705 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.

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
Highest evidence
Growth DCF 15.86 TWD 22.52 TWD 34.27 TWD 80
Residual Income 18.81 TWD 18.09 TWD 15.12 TWD 76
Rev-Margin DCF 6.29 TWD 10.03 TWD 15.07 TWD 74
All 24 models by family
DCF Models
FCF DCF 15.10 TWD 21.96 TWD 35.16 TWD 38
Owner Earnings 24.22 TWD 34.05 TWD 52.95 TWD 31
5Y Revenue Exit 6.29 TWD 9.58 TWD 14.50 TWD 39
5Y EBITDA Exit 19.90 TWD 32.68 TWD 49.98 TWD 41
5Y P/E Exit 9.81 TWD 15.56 TWD 22.64 TWD 38
10Y Revenue Exit 9.45 TWD 12.79 TWD 16.34 TWD 36
10Y EBITDA Exit 17.80 TWD 27.69 TWD 38.92 TWD 37
10Y P/E Exit 11.75 TWD 16.65 TWD 21.53 TWD 35
Earnings-Based
Graham-Dodd 5.92 TWD 9.86 TWD 11.98 TWD 54
EPV 0.4700 TWD 1.48 TWD 2.36 TWD 59
Dividend Discount
Gordon GGM 0.6900 TWD 0.8400 TWD 1.00 TWD 70
DDM Multi-Stage 0.6900 TWD 0.9100 TWD 1.17 TWD 61
Multiples
P/E Multiple 14.37 TWD 19.16 TWD 23.95 TWD 63
P/S Multiple 10.77 TWD 14.37 TWD 17.96 TWD 58
P/B Multiple 11.10 TWD 14.80 TWD 18.50 TWD 55
EV/EBIT 4.66 TWD 8.20 TWD 11.74 TWD 53
EV/EBITDA 27.56 TWD 38.73 TWD 49.91 TWD 54
EV/Revenue 1.19 TWD 4.26 TWD 7.33 TWD 43
Asset-Based
NCAV (Graham) 13.14 TWD 17.61 TWD 26.28 TWD 50
Growth DCF
Growth DCF 15.86 TWD 22.52 TWD 34.27 TWD 80
Rev-Margin DCF 6.29 TWD 10.03 TWD 15.07 TWD 74
Economic Profit
Residual Income 18.81 TWD 18.09 TWD 15.12 TWD 76
ROIC Compounder 0.4700 TWD 1.48 TWD 2.36 TWD 72
Growth Earnings
Growth-Adj P/E 10.13 TWD 14.47 TWD 18.81 TWD 68

Widest divergence: Asset-Based (17.61 TWD) versus Dividend Discount (0.8400 TWD). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) 2.3B TWD
Revenue growth (YoY) -1.3%
Net margin 7.5%
Return on equity 3.5%
Free cash flow 420M TWD FY2025
P/E ratio 18.0
More key figures
Operating margin 0.1%
EPS (TTM) 0.8700 TWD
EPS growth (YoY) +132%
Net debt 8.5B TWD FY2025

Figures from reported company fundamentals · as of Jul 21, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 51/100

Of which business quality 50 · Market factors (momentum, volatility) 54

Profitability 19
Margins and returns on capital today
Quality Growth 30
Are margins and returns improving?
Cashflow 83
Earnings quality: real cash, not paper profit
Fin. Strength 20
Balance sheet, leverage, solvency risk
Investment 92
Disciplined investing over empire-building
Low Volatility 100
Calm price path (market factor)
Momentum 36
Price trend over the last 3–12 months (market factor)
52W Momentum 34
Distance to the 52-week high (market factor)
Net Issuance 81
Buybacks instead of dilution

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

Leofoo Development Co., Ltd., together with its subsidiaries, provides amusement park services in Taiwan. It operates through three segments: Leofoo Village, Leofoo Inn, and Leofoo Courtyard.

Full company description

Leofoo Development Co., Ltd., together with its subsidiaries, provides amusement park services in Taiwan. It operates through three segments: Leofoo Village, Leofoo Inn, and Leofoo Courtyard. The company operates a theme park and a safari park under the Leofoo Village name; a water park under the Leofoo Water Park name; tourists hotels under the Leofoo Courtyard by Marriott Taipei name; an apartment-style boutique hotel under the Leofoo Residences name; a resort hotel under the Leofoo Resort Guanshi name; restaurants under the Moonlight Cantonese Restaurant, Sunrise All Day Dining, The Lounge, Honey Kitchen, Burger Store, Oasis, Fu Ji, and Leoofoo Village " American West Steakhouse names; stores under the Elite Concept, Elite Bakery, and Gourmet Gift Box names; and Leofoo A+, an office building. It also engages in land development and leasing; amusement equipment rental; general construction; food manufacturing; investment; agricultural; property management; horticulture services; and investment activities. The company was incorporated in 1968 and is based in Hsinchu City, Taiwan.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Leofoo Development Co reported revenue of 2.3B TWD in FY2025 versus 1.3B TWD in FY2021, a compound +16.2%/yr. Reported net income was 167M TWD in FY2025.

Growth Quality 72/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
2.3B TWD
Latest YoY
−1.5%
Avg. growth/yr (3Y) 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.
+11.0%
Avg. growth/yr (5Y) 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.
+9.0%
Avg. growth/yr (23Y) 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.
+0.0%
Revenue +16.2%/yr
FY21 1.3B TWD
FY22 1.7B TWD
FY23 2.2B TWD
FY24 2.3B TWD
FY25 2.3B TWD
Net income
FY21 −277M TWD
FY22 −320M TWD
FY23 −97.7M TWD
FY24 88.8M TWD
FY25 167M TWD

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Cite: Fair Value Calculator (2026). "Leofoo Development Co Fair Value". https://www.fairvalue-calculator.com/stock/2705

Peer Group

Lodging · 168 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.

Quality Score 51 · Below median
Fair Value upside −9% · Above median
Return on equity (TTM) 3% · Above median
Return on assets 1% · Below median
Net margin (TTM) 8% · Above median
Operating margin (TTM) 0% · Below median
Revenue growth -1% · Below median
Debt / equity 0.31× · Higher than median

Valuation Multiples vs Lodging median · lower = cheaper

P/E (TTM) 18.6× · Cheaper than median
P/B 0.62× · Cheaper than median
P/S (TTM) 1.36× · Cheaper than median
P/FCF 0.2× · Cheaper than 75% of peers
EV/EBITDA 11.2× · Pricier than median

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.

VALUE 22 · sector 1
FUTURE 0 · sector 18
PAST 14 · sector 11
HEALTH 85 · sector 90
DIVIDEND 0 · sector 23

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Lodging stocks, each showing price versus our Fair Value estimate (as of Jul 21, 2026).

Stock Price Fair Value vs Fair Value
Marriott International, Inc MAR $369.05 $135.64 -63%
Hilton Worldwide Holdings HLT $328.48 $123.67 -62%
InterContinental Hotels Group IHG $159.87 $85.18 -47%
Hyatt Hotels Corporation H $191.00 $47.69 -75%
H World Group HTHT $42.67 $47.55 +11%
Accor SA AC €47.25 €39.26 -17%
The Indian Hotels Company INDHOTEL ₹743.20 ₹260.68 -65%
Wyndham Hotels & Resorts, Inc WH $78.54 $24.02 -69%
Hanjin Kal, 180640 113,500 KRW 36,890 KRW -67%
Jabal Omar Development Company 4250 16.00 SAR 11.64 SAR -27%

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Frequently asked questions

Is Leofoo Development Co (2705) overvalued or undervalued?
As of Jul 21, 2026, our model estimates a fair value of 14.80 TWD versus a price of 16.20 TWD, about −9% (fairly valued).
What is the fair value of 2705?
Our model-based fair value for Leofoo Development Co is 14.80 TWD (as of Jul 21, 2026), built from audited fundamentals. The current price is 16.20 TWD.
What is the quality score of 2705?
Leofoo Development Co has a Quality Score of 51/100. 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 revenue of Leofoo Development Co (2705)?
Leofoo Development Co reported trailing-twelve-month revenue of about 2.3B TWD (latest available figure, as of Jul 21, 2026).
What is the net profit margin of 2705?
The net profit margin of Leofoo Development Co is about 7.5%, meaning it keeps roughly 7.5% of revenue as net income. Based on the latest reported figures.

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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