Kunyue Development Co Ltd (5206) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of Kunyue Development Co Ltd stock TWD 19.32, price TWD 21.95, that is 12.0% below the price, quality 45 out of 100. Rating: overvalued. 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 6, 2026.
How to read this chart
60‑month range 9.92 TWD – 90.70 TWD · fair‑value band 16.67 TWD – 24.74 TWD · the 21.95 TWD price screens above the 19.32 TWD fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 6, 2026.
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Kunyue Development Co., Ltd. engages in the construction and leasing of residential buildings and commercial buildings in Taiwan. It operates in two segments, Development and Construction.
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The company is involved in land development, building construction, residential development, house sales, and customer service activities. It also offers structural, hydropower, waterproof, and other engineering services.
In addition, the company is involved in real estate development; and civil construction business. Kunyue Development Co., Ltd. was incorporated in 1975 and is based in Taichung, Taiwan.
Stock analysis
Kunyue Development Co Ltd (5206) currently trades at 21.95 TWD, while our model-based Fair Value estimate is 19.32 TWD, 12% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the Multiples group reads highest at a median of 33.73 TWD per share, and 3 of the 8 models we run sit above the 21.95 TWD price.
Bear case: the Dividend Discount group reads lowest at 3.92 TWD, and 5 of the 8 models stay below the price. Data coverage for this calculation is low.
Scenario range: 16.67 TWD (bear) to 24.74 TWD (bull), the price of 21.95 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 45/100 (below-average quality), in the Real Estate sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
Kunyue Development Co Ltd reported revenue of 3.8B TWD in FY2025 versus 1.9B TWD in FY2021, a compound +18.2%/yr. Reported net income was 590M TWD in FY2025, compounding +63.1%/yr from FY2021. FY2021 was a trough year, so the rate overstates the trend.
Key figures
Market cap 4.4B TWD (≈ $134M) Micro · P/E ratio 8.5 · P/S ratio 1.85 · EPS (TTM) 2.57 TWD · Net margin 20.7% · Return on equity 12.6% · Return on assets (EBIT) 2.1% (5-year average) · Operating margin 30.9%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 55 out of 100 (medium confidence).
What moves the price
The share trades about 29% below its 52-week high and 12% above 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 −12%, 5206 screens richer than that median.
Fair Value models
Bear16.67 TWDFair Value 19.32 TWDBull24.74 TWD
Price 21.95 TWD · Downside -12.0%
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 (2.20 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.60/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
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.
+11.7%
Earnings growth per share plus dividend.
Earnings per share, growth per year+11.7%
Dividend (yield on the price)0.0%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.7.4% vs 14.3%, slowing
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.20% → 19%
2025 sits 65% 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 · 489 stocks
Beats the industry median on 7/13 measures
A mixed picture versus its industry peers.
Valuation
Quality Score45 · Below median
Fair Value upside−12.0% · Below median
Profitability
Return on equity (12 months)12.6% · Top 25%
Return on assets3.4% · Above median
Net margin (12 months)20.7% · Top 25%
Operating margin (12 months)30.9% · Top 25%
Growth and dividend
Revenue growth (quarter YoY)−76.1% · Bottom 25%
Dividend yield (12 months)0.0% · Bottom 25%
Balance sheet
Debt / equity0.27× · Below 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). "Kunyue Development Co Ltd Fair Value". https://www.fairvalue-calculator.com/stock/5206
Frequently asked questions
Is Kunyue Development Co Ltd (5206) overvalued or undervalued?
As of Nov 6, 2026, our model estimates a fair value of 19.32 TWD versus a price of 21.95 TWD, about 12% lower (overvalued).
What is the fair value of 5206?
Our model-based fair value for Kunyue Development Co Ltd is 19.32 TWD (as of Nov 6, 2026), built from audited fundamentals. The current price: 21.95 TWD.
What is the quality score of 5206?
Kunyue Development Co Ltd has a Quality Score of 45/100. 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 Kunyue Development Co Ltd (5206)?
Our model-based price target is the fair value of 19.32 TWD (as of Nov 6, 2026) from 9 valuation models. Cautious scenario 16.67 TWD, optimistic scenario 24.74 TWD. It is a calculation from audited fundamentals, not an analyst target.
What is the Kunyue Development Co Ltd stock forecast for 2026?
Our models put fair value at 19.32 TWD, about 12% lower versus a price of 21.95 TWD (overvalued). Cautious scenario 16.67 TWD, optimistic scenario 24.74 TWD. The calculation is refreshed regularly with new filings.
What is the revenue of Kunyue Development Co Ltd (5206)?
Kunyue Development Co Ltd reported trailing-twelve-month revenue of about 2.4B TWD (latest available figure, as of Nov 6, 2026).
What is the intrinsic value of Kunyue Development Co Ltd (5206)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Kunyue Development Co Ltd it is 19.32 TWD per share (as of Nov 6, 2026), against a price of 21.95 TWD. It is the blended result of 9 valuation models in 4 families (Dividend Discount, Multiples, Asset-Based, Economic Profit).
Is Kunyue Development Co Ltd stock overvalued or undervalued in 2026?
As of Nov 6, 2026, 5206 trades above its calculated fair value: price 21.95 TWD, fair value 19.32 TWD, a gap of about −12% (overvalued). 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 5206?
No. The price is what the market pays today (21.95 TWD); the fair value is what the company's own numbers justify (19.32 TWD). For Kunyue Development Co Ltd the two are 2.63 TWD per share apart. That gap is exactly why we show both numbers side by side.
How much is Kunyue Development Co Ltd worth?
The market values Kunyue Development Co Ltd at about 4.4B TWD (market capitalisation, as of Nov 6, 2026). Per share that is 21.95 TWD; our models calculate a fair value of 19.32 TWD per share.
What do the bullish and bearish scenarios say about 5206?
Our models span a range for Kunyue Development Co Ltd: cautious scenario 16.67 TWD, base 19.32 TWD, optimistic 24.74 TWD per share (as of Nov 6, 2026, price 21.95 TWD). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 5206?
Kunyue Development Co Ltd trades at a price-to-earnings ratio of 8.5 (as of Nov 6, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 19.32 TWD is built from several models across several years. Other multiples: P/B 1.2, P/S 1.8, EV/EBITDA 7.3.
How solid is the balance sheet of Kunyue Development Co Ltd (5206)?
Balance-sheet figures for Kunyue Development Co Ltd (as of Nov 6, 2026): return on equity 12.6%, debt of 0.27 per unit of equity. They feed the Quality Score of 45/100, which measures business quality independently of the share price.
How far is 5206 from its 52-week high?
Kunyue Development Co Ltd trades at 21.95 TWD, about 29% below its 52-week high of 30.88 TWD and 12% above the low of 19.62 TWD (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of 19.32 TWD is for.
Which stocks are comparable to Kunyue 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 Kunyue Development Co Ltd stock attractive at the current price?
The data as of Nov 6, 2026: price 21.95 TWD, calculated fair value 19.32 TWD (−12%), Quality Score 45/100, 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 5206 calculated?
We run Kunyue 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 19.32 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. Kunyue Development Co Ltd itself currently trades above fair value. 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 Kunyue Development Co Ltd (5206)?
The closing price on Nov 6, 2026 was 21.95 TWD. Our model-based fair value is 19.32 TWD, about 12% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Kunyue Development Co Ltd right now?
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 Kunyue Development Co Ltd
How large is the market capitalisation of Kunyue Development Co Ltd (5206)?
The market capitalisation of Kunyue Development Co Ltd is 4.4B TWD (≈ $134M). 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 Kunyue Development Co Ltd (5206)?
The price-to-sales ratio of Kunyue Development Co Ltd is 1.85 (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 Kunyue Development Co Ltd (5206)?
Earnings per share at Kunyue Development Co Ltd are 2.57 TWD (price ÷ EPS = P/E 8.5). Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Kunyue Development Co Ltd (5206)?
The net margin of Kunyue Development Co Ltd is 20.7% (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 Kunyue Development Co Ltd (5206)?
The return on equity (ROE) of Kunyue Development Co Ltd is 12.6% (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 Kunyue Development Co Ltd (5206)?
On an EBIT basis the return on assets of Kunyue Development Co Ltd is 2.1% (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 Kunyue Development Co Ltd (5206)?
The operating margin of Kunyue Development Co Ltd is 30.9% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Kunyue Development Co Ltd (5206)?
Revenue at Kunyue Development Co Ltd is growing −76.1% versus a year earlier (3y avg +112%). 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 Kunyue Development Co Ltd (5206)?
Earnings per share at Kunyue Development Co Ltd are growing −70.0% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Kunyue Development Co Ltd (5206) generate?
The free cash flow of Kunyue Development Co Ltd is −1.3B 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 Kunyue Development Co Ltd (5206) carry?
The net debt of Kunyue Development Co Ltd is 9.9B 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 6, 2026