Rich Development Co Ltd (5512) fair value: what the stock is really worth
As of Sep 24, 2026: fair value of Rich Development Co Ltd TWD 2.94, price TWD 7.71, upside -61.9%, quality 44 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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Rich Development Co., Ltd. engages in the construction business. The company operates through the Construction Sector, Wastewater Treatment Sector, and Tourist Hotel Department segments.
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Rich Development Co., Ltd. engages in the construction business. The company operates through the Construction Sector, Wastewater Treatment Sector, and Tourist Hotel Department segments. It is involved in the leasing and sale of residential buildings; construction of commercial buildings; construction of sewage treatment plants and operation of sewage treatment projects; and operation of tourist hotels and travel agency, etc. The company also plans and builds energy storage systems; and engages in water treatment engineering, piping engineering, and wastewater treatment activities, as well as the wholesale of pollution control equipment. In addition, it engages in waste disposal and renewable energy self-generating equipment business; general hotel management, waste cleaning, environmental protection engineering, industrial wastewater treatment, environmental hygiene, pollution prevention, and other activities; power generation through renewable energy; investment in various manufacturing or financial business operations; and provision of energy application integration services, as well as constructs and operates aerial cable cars. The company was founded in 1992 and is based in Taipei, Taiwan.
Stock analysis
Rich Development Co Ltd (5512) currently trades at 7.71 TWD, while our model-based Fair Value estimate is 2.94 TWD, implying the stock looks roughly 162.3% overvalued today.
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Valuation
Bull case: the Asset-Based group reads highest at a median of 11.93 TWD per share, and 5 of the 9 models we run sit above the 7.71 TWD price.
Bear case: the Dividend Discount group reads lowest at 3.03 TWD, and 4 of the 9 models stay below the price. Evidence for this calculation is low.
Scenario range: 1.99 TWD (bear) to 3.74 TWD (bull), the price of 7.71 TWD sits above 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 44/100 (below-average quality), in the Real Estate sector.
Weak Growth: Revenue growth is weak: less than 2 % a year.
Rich Development Co Ltd reported revenue of 7.0B TWD in FY2025 versus 5.7B TWD in FY2021, a compound +5.1%/yr. Reported net income was 118M TWD in FY2025, compounding −10.1%/yr from FY2021.
Key figures
Market cap 5.9B TWD (≈ $184M) · P/E ratio 55.1 · P/S ratio 0.93 · EPS (TTM) 0.1400 TWD · Dividend yield 3.5% · Net margin 1.7% · Return on equity 1.8% · Return on assets (EBIT) 1.3%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 32 out of 100 (medium confidence).
What moves the price
The share trades about 13% below its 52-week high and 14% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Real Estate peers we cover trades at −9% fair-value upside, at −62%, 5512 screens richer than that median.
Fair Value models
Bear 1.99 TWDFair Value 2.94 TWDBull 3.74 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 (0.1024 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.
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.29/100
Revenue growth is weak: less than 2 % a year.
Revenue growth 1 year
+17.6%
Revenue growth 3 years ⓘ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. Per-share growth (which does include buybacks) is in the value-creation card.
+3.5%
Revenue growth 5 years ⓘ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. Per-share growth (which does include buybacks) is in the value-creation card.
+1.6%
Start year 2020 (pandemic). Over 10 years: +13.9% a year
Revenue growth 19 years ⓘ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. Per-share growth (which does include buybacks) is in the value-creation card.
+5.6%
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What shareholders gained per year (last 5 years), in TWD ⓘ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. 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.
−5.2%
Earnings growth per share plus dividend.
Earnings per share, growth per year−8.7%
Dividend (yield on the price)3.5%
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.−9% vs −2%, 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.10% → 13%
Compare Rich Development Co Ltd with another stock
Price, fair value, quality and upside side by side.
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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 - Diversified · 133 stocks
Beats the industry median on 4/13 measures
Overall it trails its industry peers.
Valuation
Quality Score45 · Below median
Fair Value upside−62% · Bottom 25%
Profitability
Return on equity (TTM)2% · Below median
Return on assets1% · Below median
Net margin (TTM)2% · Below median
Operating margin (TTM)18% · Below median
Growth and dividend
Revenue growth−1% · Below median
Dividend yield (TTM)3.5% · Above median
Balance sheet
Debt / equity0.60× · Above median
Valuation Multiplesvs Real Estate - Diversified median · lower = cheaper
P/E (TTM)55.1× · Priciest 25%
P/B0.43× · Cheaper than median
P/S (TTM)0.84× · Cheaper than median
EV/EBITDA6.9× · Cheapest 25%
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 33
FUTURE (revenue growth)0· sector 29
PAST (return on equity)7· sector 20
HEALTH (low debt)70· sector 76
DIVIDEND (yield)70· sector 54
VALUE 0: the price sits above our fair-value range.
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). "Rich Development Co Ltd Fair Value". https://www.fairvalue-calculator.com/stock/5512
Frequently asked questions
Is Rich Development Co Ltd (5512) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of 2.94 TWD versus a price of 7.71 TWD, about −62% upside (overvalued).
What is the fair value of 5512?
Our model-based fair value for Rich Development Co Ltd is 2.94 TWD (as of Sep 24, 2026), built from audited fundamentals. The current price: 7.71 TWD.
What is the quality score of 5512?
Rich Development Co Ltd has a Quality Score of 44/100. 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 Rich Development Co Ltd (5512)?
Our model-based price target is the fair value of 2.94 TWD (as of Sep 24, 2026) from 9 valuation models. Cautious scenario 1.99 TWD, optimistic scenario 3.74 TWD. It is a calculation from audited fundamentals, not an analyst target.
What is the Rich Development Co Ltd stock forecast for 2026?
Our models put fair value at 2.94 TWD, about −62% upside versus a price of 7.71 TWD (overvalued). Cautious scenario 1.99 TWD, optimistic scenario 3.74 TWD. The calculation is refreshed regularly with new filings.
What is the revenue of Rich Development Co Ltd (5512)?
Rich Development Co Ltd reported trailing-twelve-month revenue of about 7.0B TWD (latest available figure, as of Sep 24, 2026).
Does Rich Development Co Ltd pay a dividend?
Rich Development Co Ltd currently shows a dividend yield of about 3.48% relative to its recent price (as of Sep 24, 2026).
What is the intrinsic value of Rich Development Co Ltd (5512)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Rich Development Co Ltd it is 2.94 TWD per share (as of Sep 24, 2026), against a price of 7.71 TWD. It is the blended result of 9 valuation models (cash flow, earnings, asset, dividend).
Is Rich Development Co Ltd stock overvalued or undervalued in 2026?
As of Sep 24, 2026, 5512 trades above its calculated fair value: price 7.71 TWD, fair value 2.94 TWD, a gap of about −62% (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 5512?
No. The price is what the market pays today (7.71 TWD); the fair value is what the company's own numbers justify (2.94 TWD). For Rich Development Co Ltd the two are 4.77 TWD per share apart. That gap is exactly why we show both numbers side by side.
How much is Rich Development Co Ltd worth?
The market values Rich Development Co Ltd at about 5.9B TWD (market capitalisation, as of Sep 24, 2026). Per share that is 7.71 TWD; our models calculate a fair value of 2.94 TWD per share.
What do the bullish and bearish scenarios say about 5512?
Our models span a range for Rich Development Co Ltd: cautious scenario 1.99 TWD, base 2.94 TWD, optimistic 3.74 TWD per share (as of Sep 24, 2026, price 7.71 TWD). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 5512?
Rich Development Co Ltd trades at a price-to-earnings ratio of 55.1 (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 2.94 TWD is built from several models across several years. Other multiples: P/B 0.4, P/S 0.8, EV/EBITDA 6.9.
How solid is the balance sheet of Rich Development Co Ltd (5512)?
Balance-sheet figures for Rich Development Co Ltd (as of Sep 24, 2026): return on equity 1.8%, debt of 0.60 per unit of equity. They feed the Quality Score of 44/100, which measures business quality independently of the share price.
How far is 5512 from its 52-week high?
Rich Development Co Ltd trades at 7.71 TWD, about 13% below its 52-week high of 8.82 TWD and 14% above the low of 6.75 TWD (as of Sep 24, 2026). Distance from the high says nothing about value: that is what the fair value of 2.94 TWD is for.
Which stocks are comparable to Rich Development Co Ltd?
From the same area (Real Estate) we also value Swiss Prime Site AG, Central Pattana Public Company, Prestige Estates Projects Limited, The Phoenix Mills 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 Rich Development Co Ltd stock attractive at the current price?
The data as of Sep 24, 2026: price 7.71 TWD, calculated fair value 2.94 TWD (−62%), Quality Score 44/100, 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 5512 calculated?
We run Rich 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 2.94 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 13.2 % above its aggregate fair value. Rich 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 Rich Development Co Ltd (5512)?
The closing price on Sep 24, 2026 was 7.71 TWD. Our model-based fair value is 2.94 TWD, about −62% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Rich Development Co Ltd right now?
The price sits above even our optimistic bull case (3.74 TWD). The favourable scenario is already priced in. Weak quality (44/100) and above fair value at the same time, the margin of safety is missing on both counts. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution. A fairly wide model range (1.99 TWD to 3.74 TWD) leaves room in how you read the outcome.
Where does the earnings growth of Rich Development Co Ltd (5512) come from?
Earnings per share at Rich Development Co Ltd grew −17.9 % a year from 2012 to 2023. Broken into its drivers: revenue per share +2.5 %, EBIT margin −11.1 %, tax rate −6.3 %, residual (interest, one-offs) −3.9 %. The four rates multiply to the earnings growth rate, they do not add up. Start and end are three-year averages so a single exceptional year does not distort the result.
Key figures of Rich Development Co Ltd
How large is the market capitalisation of Rich Development Co Ltd (5512)?
The market capitalisation of Rich Development Co Ltd is 5.9B TWD (≈ $184M). 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 Rich Development Co Ltd (5512)?
The price-to-sales ratio of Rich Development Co Ltd is 0.93 (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 Rich Development Co Ltd (5512)?
Earnings per share at Rich Development Co Ltd are 0.1400 TWD (price ÷ EPS = P/E 55.1). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Rich Development Co Ltd (5512)?
The dividend yield of Rich Development Co Ltd is 3.5% (payout 192%). 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 Rich Development Co Ltd (5512)?
The net margin of Rich Development Co Ltd is 1.7% (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 Rich Development Co Ltd (5512)?
The return on equity (ROE) of Rich Development Co Ltd is 1.8% (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 Rich Development Co Ltd (5512)?
On an EBIT basis the return on assets of Rich Development Co Ltd is 1.3% (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 Rich Development Co Ltd (5512)?
The operating margin of Rich Development Co Ltd is 18.1% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Rich Development Co Ltd (5512)?
Revenue at Rich Development Co Ltd is growing −1.2% versus a year earlier (3y avg +3.5%). 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 Rich Development Co Ltd (5512)?
Earnings per share at Rich Development Co Ltd are growing −28.9% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Rich Development Co Ltd (5512) generate?
The free cash flow of Rich Development Co Ltd is −1.6B 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 Rich Development Co Ltd (5512) carry?
The net debt of Rich Development Co Ltd is 17.7B 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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