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Golden Long Teng Development Co Ltd (3188) fair value: what the stock is really worth

As of Sep 23, 2026: fair value of Golden Long Teng Development Co Ltd TWD 27.76, price TWD 23.50, upside +18.1%, quality 49 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.

  1. Fair value above price? Yes
  2. Good quality? No
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Real Estate · TW · ISIN TW0003188009

GL Thin data Sep 24, 2026

Golden Long Teng Development Co Ltd

3188 · TWO

SpeculativeUpside exists, but weak quality makes the signal speculative.

✓Fair value 27.76 TWD · Undervalued (+18%)
!Quality 49/100
!Expensive Growth (revenue YoY +79.1 %/yr)
✓Highly profitable · 27.5% net margin (TTM)
!Low debt · negative free cash flow
·13.62% dividend yield
✓Ranks above peers (10/13)
✓Wide moat 82/100
!Evidence only low, so the estimate is less certain
!The models disagree: range 21.40 TWD to 82.84 TWD
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What runs behind every stock

69 individual criteria per stock, every one traceable See the method →

Price vs Fair Value

55.40 TWD 10.53 TWD Fair Value 27.76 TWD Apr 2021 Sep 2026

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 10.53 TWD – 55.40 TWD · fair‑value band 21.40 TWD – 82.84 TWD · the 23.50 TWD price screens below the 27.76 TWD fair value. Dashed = 300-day average. As of Sep 24, 2026.

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Company profile

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. The company was formerly known as AME, Inc.

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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. 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 23.50 TWD, while our model-based Fair Value estimate is 27.76 TWD, implying the stock looks roughly 15.3% undervalued today.

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Valuation

Bull case: the Multiples group reads highest at a median of 68.15 TWD per share, and 6 of the 9 models we run sit above the 23.50 TWD price.

Bear case: the Asset-Based group reads lowest at 11.75 TWD, and 3 of the 9 models stay below the price. Evidence for this calculation is low.

Scenario range: 21.40 TWD (bear) to 82.84 TWD (bull), the price of 23.50 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 49/100 (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 4.4B TWD (≈ $137M) · P/E ratio 6.3 · P/S ratio 1.76 · EPS (TTM) 3.73 TWD · Dividend yield 13.6% · Net margin 28.0% · Return on equity 40.4% · Return on assets (EBIT) 5.9%.

Competitive moat

Our AI-assisted moat analysis scores the competitive advantage at 42 out of 100 (low confidence).

What moves the price

The share trades about 32% below its 52-week high and 5% above 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 18%, 3188 screens richer than that median.

Fair Value models

Bear 21.40 TWD Fair Value 27.76 TWD Bull 82.84 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. Based on fiscal year 2025 figures (about 9 months old). Earnings retained since then (0.3877 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. 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.
Highest evidence
EV/EBITDA 66.33 TWD 88.44 TWD 110.56 TWD 67
Gordon GGM 12.40 TWD 20.77 TWD 26.96 TWD 66
EV/EBIT 85.56 TWD 114.08 TWD 142.61 TWD 66
All 9 models by family
Dividend Discount
Gordon GGM 12.40 TWD 20.77 TWD 26.96 TWD 66
DDM Multi-Stage 12.40 TWD 19.70 TWD 22.35 TWD 65
Multiples
P/S Multiple 51.11 TWD 68.15 TWD 85.18 TWD 58
P/B Multiple 26.32 TWD 35.09 TWD 43.86 TWD 55
EV/EBIT 85.56 TWD 114.08 TWD 142.61 TWD 66
EV/EBITDA 66.33 TWD 88.44 TWD 110.56 TWD 67
EV/Revenue 47.18 TWD 67.41 TWD 87.63 TWD 53
Asset-Based
NCAV (Graham) 8.77 TWD 11.75 TWD 17.54 TWD 54
Economic Profit
Residual Income 20.45 TWD 26.55 TWD 76.24 TWD 64

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Quality Score breakdown

Overall quality 49/100

Of which business quality 43 · Market factors (momentum, volatility) 37

Profitability 52
Margins and returns on capital today
Quality Growth 76
Are margins and returns improving?
Cashflow 0
Earnings quality: real cash, not paper profit
Fin. Strength 44
Balance sheet, leverage, solvency risk
Investment 50
Disciplined investing over empire-building
Low Volatility 86
Calm price path (market factor)
Momentum 20
Price trend over the last 3–12 months (market factor)
52W Momentum 12
Distance to the 52-week high (market factor)
Net Issuance 56
Share count: buybacks or dilution?

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Revenue & earnings trend

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.
+69.7%
Earnings growth per share plus dividend.
Earnings per share, growth per year+56.1%
Dividend (yield on the price)13.6%
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.

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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 · 578 stocks

Beats the industry median on 10/13 measures
Overall it ranks above its industry peers.
Valuation
Quality Score 50 · Above median
Fair Value upside +18% · Above median
Profitability
Return on equity (TTM) 40% · Top 25%
Return on assets 9% · Top 25%
Net margin (TTM) 27% · Top 25%
Operating margin (TTM) 33% · Top 25%
Growth and dividend
Revenue growth 888% · Top 25%
Dividend yield (TTM) 13.6% · Top 25%
Balance sheet
Debt / equity 0.35× · Above median

Valuation Multiplesvs Real Estate - Development median · lower = cheaper

P/E (TTM) 6.3× · Cheapest 25%
P/B 1.33× · Priciest 25%
P/S (TTM) 1.06× · Pricier than median
EV/EBITDA 3.0× · Cheapest 25%

Strength profile in five axes (Snowflake)

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE (fair-value potential)57 · sector 47
FUTURE (revenue growth)100 · sector 0
PAST (return on equity)100 · sector 11
HEALTH (low debt)82 · sector 83
DIVIDEND (yield)100 · sector 56

Context: sector, industry, market

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

Similar stocks

10 more Real Estate - Development stocks, each showing price versus our Fair Value estimate.

Stock Price Fair Value vs Fair Value
Sun Hung Kai Properties Limited 0016 HK$109.10 HK$147.78 +35%
China Resources Land Limited 1109 HK$29.62 HK$74.05 +150%
Vinhomes Joint Stock Company VHM 68,200 VND 112,796 VND +65%
CK Asset Holdings 1113 HK$46.44 HK$71.69 +54%
Hongkong Land Holdings H78 $8.74 $1.52 −83%
DLF Limited DLF ₹675.00 ₹167.21 −75%
China Overseas Land & Investment Limited 0688 HK$12.43 HK$22.35 +80%
Lodha Developers Limited LODHA ₹1,163 ₹275.95 −76%
PT Pantai Indah Kapuk Dua Tbk, PANI 5,075 IDR 1,325 IDR −74%
Poly Developments and Holdings 600048 ¥5.64 ¥14.10 +150%

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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 Sep 24, 2026, our model estimates a fair value of 27.76 TWD versus a price of 23.50 TWD, about +18% 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 Sep 24, 2026), built from audited fundamentals. The current price: 23.50 TWD.
What is the quality score of 3188?
Golden Long Teng Development Co Ltd has a Quality Score of 49/100. 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 Sep 24, 2026) from 9 valuation models. Cautious scenario 21.40 TWD, optimistic scenario 82.84 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 +18% upside versus a price of 23.50 TWD (undervalued). Cautious scenario 21.40 TWD, optimistic scenario 82.84 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 4.1B TWD (latest available figure, as of Sep 24, 2026).
Does Golden Long Teng Development Co Ltd pay a dividend?
Golden Long Teng Development Co Ltd currently shows a dividend yield of about 13.62% relative to its recent price (as of Sep 24, 2026).
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 Sep 24, 2026), against a price of 23.50 TWD. It is the blended result of 9 valuation models (cash flow, earnings, asset, dividend).
Is Golden Long Teng Development Co Ltd stock overvalued or undervalued in 2026?
As of Sep 24, 2026, 3188 trades below its calculated fair value: price 23.50 TWD, fair value 27.76 TWD, a gap of about +18% (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 (23.50 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 4.26 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 4.4B TWD (market capitalisation, as of Sep 24, 2026). Per share that is 23.50 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 82.84 TWD per share (as of Sep 24, 2026, price 23.50 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 6.3 (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 27.76 TWD is built from several models across several years. Other multiples: P/B 1.3, P/S 1.1, EV/EBITDA 3.0.
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 Sep 24, 2026): return on equity 40.4%, debt of 0.35 per unit of equity. They feed the Quality Score of 49/100, 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 23.50 TWD, about 32% below its 52-week high of 34.70 TWD and 5% above the low of 22.45 TWD (as of Sep 23, 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, Vinhomes Joint Stock Company, CK Asset Holdings, 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 Sep 24, 2026: price 23.50 TWD, calculated fair value 27.76 TWD (+18%), Quality Score 49/100, 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 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 27.76 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. Golden Long Teng Development Co Ltd currently trades 18 % 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 Sep 23, 2026 was 23.50 TWD. Our model-based fair value is 27.76 TWD, about +18% 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?
The model range is unusually wide (21.40 TWD to 82.84 TWD). The outcome hinges heavily on assumptions, so read the point estimate with caution. 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 4.4B TWD (≈ $137M). 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 1.76 (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 Golden Long Teng Development Co Ltd (3188)?
Earnings per share at Golden Long Teng Development Co Ltd are 3.73 TWD (price ÷ EPS = P/E 6.3). 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 13.6% (payout 85.8%). 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 28.0% (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 Golden Long Teng Development Co Ltd (3188)?
The return on equity (ROE) of Golden Long Teng Development Co Ltd is 40.4% (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 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 33.4% (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 +888% 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 +842% 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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