Golden Long Teng Development Co Ltd (3188) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of Golden Long Teng Development Co Ltd stock TWD 27.76, price TWD 21.55, upside +28.8%, quality 48 out of 100. Rating: undervalued. Calculated from audited financials with 9 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 10.53 TWD – 55.40 TWD · fair‑value band 21.40 TWD – 44.78 TWD · the 21.55 TWD price screens below the 27.76 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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Golden Long Teng Development Co., Ltd. engages in the real estate leasing in Taiwan. The company operates through Construction and Development and Construction segments. It also engages in the development, leasing, and sale of residential and buildings; and housing construction business.
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The company was formerly known as AME, Inc. and changed its name to Golden Long Teng Development Co., Ltd. in July 2016. Golden Long Teng Development Co., Ltd. was incorporated in 2000 and is based in Kaohsiung, Taiwan.
Stock analysis
Golden Long Teng Development Co Ltd (3188) currently trades at 21.55 TWD, while our model-based Fair Value estimate is 27.76 TWD, implying the stock looks roughly 22% undervalued today.
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Valuation
Bull case: the Multiples group reads highest at a median of 60.72 TWD per share, and 7 of the 9 models we run sit above the 21.55 TWD price.
Bear case: the Asset-Based group reads lowest at 17.44 TWD, and 2 of the 9 models stay below the price. Data coverage for this calculation is low.
Scenario range: 21.40 TWD (bear) to 44.78 TWD (bull), the price of 21.55 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 48/100 (below-average quality), in the Real Estate sector.
Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Golden Long Teng Development Co Ltd reported revenue of 2.7B TWD in FY2025 versus 1.5B TWD in FY2021, a compound +15.9%/yr. Reported net income was 755M TWD in FY2025, compounding +37.0%/yr from FY2021.
Key figures
Market cap 4.0B TWD (≈ $122M) Micro · P/E ratio 3.3 · P/S ratio 0.82 · EPS (TTM) 6.56 TWD · Dividend yield 14.8% · Net margin 27.1% · Return on equity 45.0% · Return on assets (EBIT) 5.9% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 78 out of 100 (low confidence).
What moves the price
The share trades about 38% 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 33% fair-value upside, at 29%, 3188 screens richer than that median.
Fair Value models
Bear21.40 TWDFair Value 27.76 TWDBull44.78 TWD
Price 21.55 TWD · Upside +28.8%
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 (2.88 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.62/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
What shareholders gained per year (last 5 years), in TWD (mathematically smoothed) ⓘ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. Smoothed = median of all growth paths between the years of the window (trend line on the logarithm of earnings per share): a single extreme year cannot distort the rate. The reported figure stays in the tooltip. 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.
+70.9%
Earnings growth per share plus dividend.
Earnings per share, growth per year+56.1%
Dividend (yield on the price)14.8%
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.10% → 36%
2025 sits 98% above its own trend. The rate follows the median trend of the last 5 years, not that single year.
Compare Golden Long Teng Development Co Ltd 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 10/13 measures
Overall it ranks above its industry peers.
Valuation
Quality Score48 · Below median
Fair Value upside+28.8% · Above median
Profitability
Return on equity (12 months)45.0% · Top 25%
Return on assets6.8% · Top 25%
Net margin (12 months)27.1% · Top 25%
Operating margin (12 months)30.1% · Top 25%
Growth and dividend
Revenue growth (quarter YoY)541.9% · Top 25%
Dividend yield (12 months)14.8% · Top 25%
Balance sheet
Debt / equity0.35× · 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). "Golden Long Teng Development Co Ltd Fair Value". https://www.fairvalue-calculator.com/stock/3188
Frequently asked questions
Is Golden Long Teng Development Co Ltd (3188) overvalued or undervalued?
As of Nov 8, 2026, our model estimates a fair value of 27.76 TWD versus a price of 21.55 TWD, about +29% upside (undervalued).
What is the fair value of 3188?
Our model-based fair value for Golden Long Teng Development Co Ltd is 27.76 TWD (as of Nov 8, 2026), built from audited fundamentals. The current price: 21.55 TWD.
What is the quality score of 3188?
Golden Long Teng Development Co Ltd has a Quality Score of 48/100. 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 Golden Long Teng Development Co Ltd (3188)?
Our model-based price target is the fair value of 27.76 TWD (as of Nov 8, 2026) from 9 valuation models. Cautious scenario 21.40 TWD, optimistic scenario 44.78 TWD. It is a calculation from audited fundamentals, not an analyst target.
What is the Golden Long Teng Development Co Ltd stock forecast for 2026?
Our models put fair value at 27.76 TWD, about +29% upside versus a price of 21.55 TWD (undervalued). Cautious scenario 21.40 TWD, optimistic scenario 44.78 TWD. The calculation is refreshed regularly with new filings.
What is the revenue of Golden Long Teng Development Co Ltd (3188)?
Golden Long Teng Development Co Ltd reported trailing-twelve-month revenue of about 4.9B TWD (latest available figure, as of Nov 8, 2026).
Does Golden Long Teng Development Co Ltd pay a dividend?
Golden Long Teng Development Co Ltd currently shows a dividend yield of 14.85% relative to its recent price (as of Nov 8, 2026).
How much is the dividend of Golden Long Teng Development Co Ltd (3188) and when is the ex-dividend date?
Golden Long Teng Development Co Ltd pays a dividend of 3.20 TWD per share a year, a dividend yield of 14.8%. The last ex-dividend date was Mar 26, 2026. A dividend has been paid every year since 2019. The payout ratio is 48.8% 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 Golden Long Teng Development Co Ltd (3188)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Golden Long Teng Development Co Ltd it is 27.76 TWD per share (as of Nov 8, 2026), against a price of 21.55 TWD. It is the blended result of 9 valuation models in 4 families (Dividend Discount, Multiples, Asset-Based, Economic Profit).
Is Golden Long Teng Development Co Ltd stock overvalued or undervalued in 2026?
As of Nov 8, 2026, 3188 trades below its calculated fair value: price 21.55 TWD, fair value 27.76 TWD, a gap of about +29% (undervalued). 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 3188?
No. The price is what the market pays today (21.55 TWD); the fair value is what the company's own numbers justify (27.76 TWD). For Golden Long Teng Development Co Ltd the two are 6.21 TWD per share apart. That gap is exactly why we show both numbers side by side.
How much is Golden Long Teng Development Co Ltd worth?
The market values Golden Long Teng Development Co Ltd at about 4.0B TWD (market capitalisation, as of Nov 8, 2026). Per share that is 21.55 TWD; our models calculate a fair value of 27.76 TWD per share.
What do the bullish and bearish scenarios say about 3188?
Our models span a range for Golden Long Teng Development Co Ltd: cautious scenario 21.40 TWD, base 27.76 TWD, optimistic 44.78 TWD per share (as of Nov 8, 2026, price 21.55 TWD). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 3188?
Golden Long Teng Development Co Ltd trades at a price-to-earnings ratio of 3.3 (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 27.76 TWD is built from several models across several years. Other multiples: P/B 1.2, P/S 0.8, EV/EBITDA 2.4.
How solid is the balance sheet of Golden Long Teng Development Co Ltd (3188)?
Balance-sheet figures for Golden Long Teng Development Co Ltd (as of Nov 8, 2026): return on equity 45.0%, debt of 0.35 per unit of equity. They feed the Quality Score of 48/100, which measures business quality independently of the share price.
How far is 3188 from its 52-week high?
Golden Long Teng Development Co Ltd trades at 21.55 TWD, about 38% below its 52-week high of 34.70 TWD and at the low of 21.55 TWD (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of 27.76 TWD is for.
Which stocks are comparable to Golden Long Teng Development Co Ltd?
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 Golden Long Teng Development Co Ltd stock attractive at the current price?
The data as of Nov 8, 2026: price 21.55 TWD, calculated fair value 27.76 TWD (+29%), Quality Score 48/100, 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 3188 calculated?
We run Golden Long Teng Development Co Ltd through 9 models from 4 families: Dividend Discount, Multiples, Asset-Based, Economic Profit. Every model gets the same audited fundamentals; the fair value of 27.76 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 13.3% above its aggregate fair value. Golden Long Teng Development Co Ltd currently trades 22% below its own fair value, and the market average says nothing about that. 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 Golden Long Teng Development Co Ltd (3188)?
The closing price on Nov 6, 2026 was 21.55 TWD. Our model-based fair value is 27.76 TWD, about +29% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Golden Long Teng Development Co Ltd right now?
A fairly wide model range (21.40 TWD to 44.78 TWD) leaves room in how you read the outcome. 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.
Key figures of Golden Long Teng Development Co Ltd
How large is the market capitalisation of Golden Long Teng Development Co Ltd (3188)?
The market capitalisation of Golden Long Teng Development Co Ltd is 4.0B TWD (≈ $122M). 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 Golden Long Teng Development Co Ltd (3188)?
The price-to-sales ratio of Golden Long Teng Development Co Ltd is 0.82 (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 Golden Long Teng Development Co Ltd (3188)?
Earnings per share at Golden Long Teng Development Co Ltd are 6.56 TWD (price ÷ EPS = P/E 3.3). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Golden Long Teng Development Co Ltd (3188)?
The dividend yield of Golden Long Teng Development Co Ltd is 14.8% (payout 48.8%). 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 Golden Long Teng Development Co Ltd (3188)?
The net margin of Golden Long Teng Development Co Ltd is 27.1% (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 Golden Long Teng Development Co Ltd (3188)?
The return on equity (ROE) of Golden Long Teng Development Co Ltd is 45.0% (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 Golden Long Teng Development Co Ltd (3188)?
On an EBIT basis the return on assets of Golden Long Teng Development Co Ltd is 5.9% (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 Golden Long Teng Development Co Ltd (3188)?
The operating margin of Golden Long Teng Development Co Ltd is 30.1% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Golden Long Teng Development Co Ltd (3188)?
Revenue at Golden Long Teng Development Co Ltd is growing +542% versus a year earlier (3y avg +36.4%). 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 Golden Long Teng Development Co Ltd (3188)?
Earnings per share at Golden Long Teng Development Co Ltd are growing +776% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Golden Long Teng Development Co Ltd (3188) generate?
The free cash flow of Golden Long Teng Development Co Ltd is −619M 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 Golden Long Teng Development Co Ltd (3188) carry?
The net debt of Golden Long Teng Development Co Ltd is 5.2B 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