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Allmind Holdings (2718) Fair Value & Analysis

Real Estate · TW · Market cap 4.0B TWD

AH Allmind Holdings 2718 · TWO
Price44.60 TWD
Fair Value56.47 TWD
Upside+26.6%
Quality69/100
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Mixed Growth
Highly profitable · 52.5% net margin
Low debt · generates free cash flow
11.93% dividend yield
Ranks above peers (12/14)
Wide moat 89/100
Evidence: High Range 41.76 TWD – 202.44 TWD Share as image

Fair value as of: Jul 23, 2026

From 16 valuation models · updated 18 days ago

Fair value updated Jul 23, 2026, revised from 125.25 TWD to 56.47 TWD (−54.9%) since Jun 26, 2026. Share price −9.3% over the past month.

A solid business, screening 27% undervalued on our models.

What matters now

  • The model range is unusually wide (41.76 TWD to 202.44 TWD). The outcome hinges heavily on assumptions, so read the point estimate with caution.
  • Solid quality (69/100) 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.
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Price vs Fair Value (5 years)

128.34 TWD 16.84 TWD Fair Value 56.47 TWD Feb 2021 Aug 2026

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 16.84 TWD – 128.34 TWD · fair‑value band 41.76 TWD – 202.44 TWD · the 44.60 TWD price screens below the 56.47 TWD fair value. Dashed = 300-day average. As of Jul 23, 2026.

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Analysis

Allmind Holdings (2718) currently trades at 44.60 TWD, while our model-based Fair Value estimate is 56.47 TWD, implying the stock looks roughly 26.6% undervalued today. The Quality Score stands at 69/100 (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, Allmind Holdings generated revenue of 3.1B TWD at a net margin of 52.5%. It earns a return on equity of 28.7%. The balance sheet holds a net cash position of 3.2B TWD. The stock trades on a trailing P/E of 2.8. Fundamentals as of Jul 23, 2026

Our scenario range runs from 41.76 TWD (bear case) to 202.44 TWD (bull case); at 44.60 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 27% below its 52-week high and 8% 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 27%, 2718 screens richer 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 371.84 TWD 678.64 TWD 1,173 TWD 80
Residual Income 113.26 TWD 153.89 TWD 835.71 TWD 76
Rev-Margin DCF 291.65 TWD 473.94 TWD 852.74 TWD 74
All 16 models by family
DCF Models
FCF DCF 393.86 TWD 589.00 TWD 1,197 TWD 38
5Y Revenue Exit 272.30 TWD 430.28 TWD 759.46 TWD 39
5Y EBITDA Exit 329.41 TWD 545.72 TWD 969.42 TWD 41
10Y Revenue Exit 305.07 TWD 589.32 TWD 757.30 TWD 36
10Y EBITDA Exit 353.31 TWD 709.48 TWD 1,319 TWD 37
Dividend Discount
Gordon GGM 40.33 TWD 80.36 TWD 121.69 TWD 70
DDM Multi-Stage 40.33 TWD 69.45 TWD 84.83 TWD 61
Multiples
P/S Multiple 171.90 TWD 229.20 TWD 286.50 TWD 58
P/B Multiple 109.68 TWD 146.23 TWD 182.79 TWD 55
EV/EBIT 370.54 TWD 483.30 TWD 596.06 TWD 53
EV/EBITDA 294.71 TWD 382.20 TWD 469.69 TWD 54
EV/Revenue 205.03 TWD 279.08 TWD 353.13 TWD 43
Asset-Based
NCAV (Graham) 36.56 TWD 48.99 TWD 73.12 TWD 50
Growth DCF
Growth DCF 371.84 TWD 678.64 TWD 1,173 TWD 80
Rev-Margin DCF 291.65 TWD 473.94 TWD 852.74 TWD 74
Economic Profit
Residual Income 113.26 TWD 153.89 TWD 835.71 TWD 76

Widest divergence: DCF Models (589.00 TWD) versus Asset-Based (48.99 TWD). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) 3.1B TWD
Revenue growth (YoY) +468%
Net margin 52.5%
Return on equity 28.7%
Free cash flow 1.9B TWD FY2025
P/E ratio 2.8
More key figures
Operating margin 36.0%
EPS (TTM) 16.87 TWD
EPS growth (YoY) +194%
Net cash 3.2B TWD FY2024

Figures from reported company fundamentals · as of Jul 23, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 69/100

Of which business quality 69 · Market factors (momentum, volatility) 48

Profitability 70
Margins and returns on capital today
Quality Growth 20
Are margins and returns improving?
Cashflow 89
Earnings quality: real cash, not paper profit
Fin. Strength 99
Balance sheet, leverage, solvency risk
Investment 26
Disciplined investing over empire-building
Low Volatility 84
Calm price path (market factor)
Momentum 39
Price trend over the last 3–12 months (market factor)
52W Momentum 23
Distance to the 52-week high (market factor)
Net Issuance 79
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

Allmind Holdings Corporation develops and rents house and building in Taiwan. It is also involved in the construction business. the company was formerly known as Pleasant Hotels International Inc. and changed its name to Allmind Holdings Corporation in October 2024. Allmind Holdings Corporation was founded in 1977 and is based in Taipei City, Taiwan.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Allmind Holdings reported revenue of 3.0B TWD in FY2025 versus 66.1M TWD in FY2021, a compound +160.0%/yr. Reported net income was 1.5B TWD in FY2025.

Growth Quality 86/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
3.0B TWD
Latest YoY
−28.9%
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.
+219.5%
Avg. growth/yr (6Y) 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.
+151.3%
Revenue +160.0%/yr
FY21 66.1M TWD
FY22 92.6M TWD
FY23 2.2B TWD
FY24 4.3B TWD
FY25 3.0B TWD
Net income
FY21 −38.8M TWD
FY22 −47.9M TWD
FY23 682M TWD
FY24 3.1B TWD
FY25 1.5B TWD

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Cite: Fair Value Calculator (2026). "Allmind Holdings Fair Value". https://www.fairvalue-calculator.com/stock/2718

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.

Quality Score 69 · Top 25%
Fair Value upside +27% · Above median
Return on equity (TTM) 29% · Top 25%
Return on assets 15% · Top 25%
Net margin (TTM) 52% · Top 25%
Operating margin (TTM) 36% · Top 25%
Revenue growth 468% · Top 25%
Dividend yield (TTM) 11.9% · Top 25%
Debt / equity 0.02× · Lower than 75% of peers

Valuation Multiples vs Real Estate - Development median · lower = cheaper

P/E (TTM) 2.8× · Cheaper than 75% of peers
P/B 0.64× · Pricier than median
P/S (TTM) 1.27× · Pricier than median
P/FCF 0.1× · Cheaper than 75% of peers
EV/EBITDA 0.7× · Cheaper than 75% of peers

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 69 · sector 48
FUTURE 100 · sector 0
PAST 100 · sector 10
HEALTH 99 · sector 84
DIVIDEND 100 · sector 38

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 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%

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Frequently asked questions

Is Allmind Holdings (2718) overvalued or undervalued?
As of Jul 23, 2026, our model estimates a fair value of 56.47 TWD versus a price of 44.60 TWD, about +27% (undervalued).
What is the fair value of 2718?
Our model-based fair value for Allmind Holdings is 56.47 TWD (as of Jul 23, 2026), built from audited fundamentals. The current price is 44.60 TWD.
What is the quality score of 2718?
Allmind Holdings has a Quality Score of 69/100. 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 Allmind Holdings (2718)?
Allmind Holdings reported trailing-twelve-month revenue of about 3.1B TWD (latest available figure, as of Jul 23, 2026).
What is the net profit margin of 2718?
The net profit margin of Allmind Holdings is about 52.5%, meaning it keeps roughly 52.5% 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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