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Shanyuan Co (4416) Fair Value & Analysis

Real Estate · TW · Market cap 755M TWD

SC Shanyuan Co 4416 · TWO
Price10.55 TWD
Fair Value1.36 TWD
Upside-87.1%
Quality34/100
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Mixed Growth
Thin margins · 2.8% net margin
High debt · negative free cash flow
Mixed vs. peers (5/11)
Moderate moat 45/100
Evidence: High Range 1.02 TWD – 1.70 TWD Share as image

Fair value as of: Jul 21, 2026

From 4 valuation models · updated 20 days ago

Share price −7.9% over the past month.

Below-average quality, and screening another 87% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (1.70 TWD). The favourable scenario is already priced in.
  • Weak quality (34/100) and above fair value at the same time, the margin of safety is missing on both counts.
  • 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)

109.85 TWD 9.33 TWD Fair Value 1.36 TWD Jan 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 9.33 TWD – 109.85 TWD · fair‑value band 1.02 TWD – 1.70 TWD · the 10.55 TWD price screens above the 1.36 TWD fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 21, 2026.

Full chart & analysis →

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Analysis

Shanyuan Co (4416) currently trades at 10.55 TWD, while our model-based Fair Value estimate is 1.36 TWD, implying the stock looks roughly 87.1% overvalued today. The Quality Score stands at 34/100 (below-average quality), in the Real Estate 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, Shanyuan Co generated revenue of 2.1B TWD at a net margin of 2.8%. It earns a return on equity of 3.5%. Net debt stands at 11.8B TWD. Fundamentals as of Jul 21, 2026

Our scenario range runs from 1.02 TWD (bear case) to 1.70 TWD (bull case); at 10.55 TWD, the current price sits above 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. For context, the median of 10 Real Estate peers we cover trades at -2% fair-value upside, at -87%, 4416 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
Residual Income 13.85 TWD 12.35 TWD 7.81 TWD 76
P/S Multiple 1.02 TWD 1.36 TWD 1.70 TWD 58
P/B Multiple 1.02 TWD 1.36 TWD 1.70 TWD 55
All 4 models by family
Multiples
P/S Multiple 1.02 TWD 1.36 TWD 1.70 TWD 58
P/B Multiple 1.02 TWD 1.36 TWD 1.70 TWD 55
Asset-Based
NCAV (Graham) 11.01 TWD 14.75 TWD 22.02 TWD 50
Economic Profit
Residual Income 13.85 TWD 12.35 TWD 7.81 TWD 76

Widest divergence: Asset-Based (14.75 TWD) versus Multiples (1.36 TWD). Highest evidence: Residual Income (76).

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Key figures & financial health

Revenue (TTM) 2.1B TWD
Revenue growth (YoY) +2,877%
Net margin 2.8%
Return on equity 3.5%
Free cash flow −123M TWD FY2024
Operating margin 42.6%
More key figures
EPS (TTM) -0.6400 TWD
EPS growth (YoY) +397%
Net debt 11.8B TWD FY2025

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

Quality Score breakdown

Overall quality 34/100

Of which business quality 26 · Market factors (momentum, volatility) 20

Profitability 11
Margins and returns on capital today
Quality Growth 42
Are margins and returns improving?
Cashflow 0
Earnings quality: real cash, not paper profit
Fin. Strength 2
Balance sheet, leverage, solvency risk
Investment 100
Disciplined investing over empire-building
Low Volatility 54
Calm price path (market factor)
Momentum 9
Price trend over the last 3–12 months (market factor)
52W Momentum 1
Distance to the 52-week high (market factor)
Net Issuance 50
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

Shanyuan Co., Ltd. engages in the building of commercial buildings, and trading of related decoration material in Taiwan. It is also involved in rental and sale of commercial office buildings and stores, as well as operate hydropower project. The company was formerly known as Fu Chan Industrial Co., Ltd. and changed its name to Shanyuan Co., Ltd.

Full company description

Shanyuan Co., Ltd. engages in the building of commercial buildings, and trading of related decoration material in Taiwan. It is also involved in rental and sale of commercial office buildings and stores, as well as operate hydropower project. The company was formerly known as Fu Chan Industrial Co., Ltd. and changed its name to Shanyuan Co., Ltd. in January 2008. Shanyuan Co., Ltd. was incorporated in 1979 and is based in Taipei, Taiwan.

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

Revenue & earnings trend

FY2020 – FY2024 · reported fiscal years

Shanyuan Co reported revenue of 404M TWD in FY2024 versus 136M TWD in FY2020, a compound +31.4%/yr. Reported net income was 5.8M TWD in FY2024.

Growth Quality 50/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2024)
404M TWD
Latest YoY
+246.9%
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.
+64.2%
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.
+35.3%
Avg. growth/yr (7Y) 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.
+32.3%
Revenue +31.4%/yr
FY20 136M TWD
FY21 91.3M TWD
FY22 95.7M TWD
FY23 117M TWD
FY24 404M TWD
Net income
FY20 −109M TWD
FY21 977M TWD
FY22 −271M TWD
FY23 −1.5M TWD
FY24 5.8M TWD

4416 screens 87% overvalued. Compare with Vingroup Joint Stock Company →

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Cite: Fair Value Calculator (2026). "Shanyuan Co Fair Value". https://www.fairvalue-calculator.com/stock/4416

Peer Group

Real Estate Services · 520 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 34 · Bottom 25%
Fair Value upside −87% · Bottom 25%
Return on equity (TTM) 4% · Below median
Return on assets 3% · Above median
Net margin (TTM) 3% · Below median
Operating margin (TTM) 43% · Above median
Revenue growth 2877% · Top 25%
Dividend yield (TTM) 0.0% · Bottom 25%
Debt / equity 3.67× · Higher than 75% of peers

Valuation Multiples vs Real Estate Services median · lower = cheaper

P/S (TTM) 0.01× · Cheaper than 75% of peers
EV/EBITDA 8.7× · Cheaper 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 0 · sector 37
FUTURE 100 · sector 10
PAST 14 · sector 16
HEALTH 0 · sector 85
DIVIDEND 0 · sector 49

VALUE 0: the price sits above our fair-value range.

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

Stock Price Fair Value vs Fair Value
Vingroup Joint Stock Company VIC 223,000 VND 25,731 VND -88%
KE Holdings 2423 HK$44.76 HK$18.03 -60%
Swire Properties Limited 1972 HK$23.90 HK$18.75 -22%
Plaza S.A MALLPLAZA 3,725 CLP 5,571 CLP +50%
SAGAA SAGAA kr 170.00 kr 75.55 -56%
Cencosud Shopping S.A CENCOMALLS 2,324 CLP 2,976 CLP +28%
PT Sarana Menara Nusantara Tbk. owns and TOWR 372.00 IDR 1,208 IDR +225%
PT Metropolitan Kentjana Tbk MKPI 20,975 IDR 19,160 IDR -9%
PT Bangun Kosambi Sukses Tbk, CBDK 3,530 IDR 3,464 IDR -2%
IRSA Inversiones y Representaciones Sociedad Anónima, IRSA 2,495 ARS 3,998 ARS +60%

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Frequently asked questions

Is Shanyuan Co (4416) overvalued or undervalued?
As of Jul 21, 2026, our model estimates a fair value of 1.36 TWD versus a price of 10.55 TWD, about −87% (overvalued).
What is the fair value of 4416?
Our model-based fair value for Shanyuan Co is 1.36 TWD (as of Jul 21, 2026), built from audited fundamentals. The current price is 10.55 TWD.
What is the quality score of 4416?
Shanyuan Co has a Quality Score of 34/100. 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 Shanyuan Co (4416)?
Shanyuan Co reported trailing-twelve-month revenue of about 2.1B TWD (latest available figure, as of Jul 21, 2026).
What is the net profit margin of 4416?
The net profit margin of Shanyuan Co is about 2.8%, meaning it keeps roughly 2.8% 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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