Sun-Sea Construction (5516) fair value: what the stock is really worth
As of Sep 24, 2026: fair value of Sun-Sea Construction TWD 11.10, price TWD 12.35, upside -10.1%, quality 56 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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Sun-Sea Construction Corporation engages in the construction business in Taiwan. The company constructs commercial buildings, parking lots, schools, technology plants, hotels, and residential projects, as well as undertakes civil engineering projects, including roads, bridges, tunnels, and other related projects.
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Sun-Sea Construction Corporation engages in the construction business in Taiwan. The company constructs commercial buildings, parking lots, schools, technology plants, hotels, and residential projects, as well as undertakes civil engineering projects, including roads, bridges, tunnels, and other related projects. It also provides turnkey planning, design, and construction management services, as well as urban renewal application, consultation, integration, planning, joint construction, and commissioned construction services. Sun-Sea Construction Corporation was founded in 1945 and is based in Hsinchu City, Taiwan.
Stock analysis
Sun-Sea Construction (5516) currently trades at 12.35 TWD, while our model-based Fair Value estimate is 11.10 TWD, implying the stock looks roughly 11.3% overvalued today.
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Valuation
Bull case: the Growth DCF group reads highest at a median of 46.01 TWD per share, and 15 of the 26 models we run sit above the 12.35 TWD price.
Bear case: the Earnings-Based group reads lowest at 1.38 TWD, and 11 of the 26 models stay below the price. Evidence for this calculation is low.
Quality & growth
The Quality Score stands at 56/100 (solid quality), in the Industrials sector.
Weak Growth: Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
Sun-Sea Construction reported revenue of 2.2B TWD in FY2025 versus 2.3B TWD in FY2021, a compound −1.0%/yr. Reported net income was 8.5M TWD in FY2025, compounding −48.5%/yr from FY2021.
Key figures
Market cap 637M TWD (≈ $20.0M) · P/E ratio 12.1 · P/S ratio 0.05 · EPS (TTM) 1.02 TWD · Dividend yield 1.6% · Net margin 0.4% · Return on equity 11.9% · Return on assets (EBIT) 1.3%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 38 out of 100 (medium confidence).
What moves the price
The share trades about 26% below its 52-week high and 24% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Industrials peers we cover trades at −31% fair-value upside, at −10%, 5516 screens cheaper than that median.
Fair Value models
Bear 11.10 TWDFair Value 11.10 TWDBull 11.10 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 (0.7489 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.40/100
Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
Revenue growth 1 year
+8.4%
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.
−3.7%
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.
+7.1%
Start year 2020 (pandemic)
Revenue growth 8 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.
+13.4%
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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.
−39.2%
Earnings growth per share plus dividend.
Earnings per share, growth per year−40.8%
Dividend (yield on the price)1.6%
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.9% → 3%
Growth Forecast
Little optimism in the price
The price assumes less growth than the company has delivered so far.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
−12.4%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect
n/a
No analyst forecast available.
After inflation (Taiwan: IMF forecast 1.6% a year to 2030, 1.5% from 2016 to 2025) that is about −13.8% a year for the price.
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.Engineering & Construction · 838 stocks
Beats the industry median on 7/14 measures
A mixed picture versus its industry peers.
Valuation
Quality Score56 · Above median
Fair Value upside−7% · Below median
Profitability
Return on equity (TTM)12% · Above median
Return on assets2% · Below median
Net margin (TTM)2% · Below median
Operating margin (TTM)0% · Below median
Growth and dividend
Revenue growth34% · Top 25%
Dividend yield (TTM)1.6% · Below median
Balance sheet
Debt / equity0.33× · Above median
Valuation Multiplesvs Engineering & Construction 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). "Sun-Sea Construction Fair Value". https://www.fairvalue-calculator.com/stock/5516
Frequently asked questions
Is Sun-Sea Construction (5516) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of 11.10 TWD versus a price of 12.35 TWD, about −10% upside (overvalued).
What is the fair value of 5516?
Our model-based fair value for Sun-Sea Construction is 11.10 TWD (as of Sep 24, 2026), built from audited fundamentals. The current price: 12.35 TWD.
What is the quality score of 5516?
Sun-Sea Construction has a Quality Score of 56/100. 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 Sun-Sea Construction (5516)?
Our model-based price target is the fair value of 11.10 TWD (as of Sep 24, 2026) from 26 valuation models. It is a calculation from audited fundamentals, not an analyst target.
What is the Sun-Sea Construction stock forecast for 2026?
Our models put fair value at 11.10 TWD, about −10% upside versus a price of 12.35 TWD (overvalued). The calculation is refreshed regularly with new filings.
What is the revenue of Sun-Sea Construction (5516)?
Sun-Sea Construction reported trailing-twelve-month revenue of about 2.5B TWD (latest available figure, as of Sep 24, 2026).
Does Sun-Sea Construction pay a dividend?
Sun-Sea Construction currently shows a dividend yield of about 1.64% relative to its recent price (as of Sep 24, 2026).
What growth is priced into Sun-Sea Construction (5516)?
For today's price to be fair in a discounted-cash-flow model, Sun-Sea Construction would have to grow free cash flow by -12.4 % per year for five years (discount rate 10.3 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +7.1 % per year. As of Sep 24, 2026.
What discount rate (WACC) does the fair value of 5516 use?
Our models discount Sun-Sea Construction at 10.3 %: a base by market capitalisation (nano), country premium for Taiwan. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For Sun-Sea Construction that is -12.4 % per year a year over ten years, using the same discount rate (10.3 %) and the same formula as our fair value.
How much growth has Sun-Sea Construction (5516) delivered so far?
Over the past 5 years revenue at Sun-Sea Construction grew +7.1 % a year. The price currently implies -12.4 % per year free-cash-flow growth a year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of Sun-Sea Construction (5516) growing?
The median revenue growth in the sector is +4.6 % a year. That is the yardstick for the growth priced into Sun-Sea Construction (-12.4 % per year a year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Sun-Sea Construction (5516)?
The free-cash-flow yield on the price is 40.66 %: that much free cash flow Sun-Sea Construction produces per unit of market value. When it exceeds the discount rate of our models (10.3 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Sun-Sea Construction (5516)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Sun-Sea Construction it is 11.10 TWD per share (as of Sep 24, 2026), against a price of 12.35 TWD. It is the blended result of 26 valuation models (cash flow, earnings, asset, dividend).
Is Sun-Sea Construction stock overvalued or undervalued in 2026?
As of Sep 24, 2026, 5516 trades above its calculated fair value: price 12.35 TWD, fair value 11.10 TWD, a gap of about −10% (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 5516?
No. The price is what the market pays today (12.35 TWD); the fair value is what the company's own numbers justify (11.10 TWD). For Sun-Sea Construction the two are 1.25 TWD per share apart. That gap is exactly why we show both numbers side by side.
How much is Sun-Sea Construction worth?
The market values Sun-Sea Construction at about 637M TWD (market capitalisation, as of Sep 24, 2026). Per share that is 12.35 TWD; our models calculate a fair value of 11.10 TWD per share.
What is the P/E ratio of 5516?
Sun-Sea Construction trades at a price-to-earnings ratio of 12.1 (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 11.10 TWD is built from several models across several years. Other multiples: P/B 1.4, P/S 0.2, EV/EBITDA 4.1.
How solid is the balance sheet of Sun-Sea Construction (5516)?
Balance-sheet figures for Sun-Sea Construction (as of Sep 24, 2026): return on equity 11.9%, debt of 0.33 per unit of equity. They feed the Quality Score of 56/100, which measures business quality independently of the share price.
How far is 5516 from its 52-week high?
Sun-Sea Construction trades at 12.35 TWD, about 26% below its 52-week high of 16.75 TWD and 24% above the low of 10.00 TWD (as of Sep 24, 2026). Distance from the high says nothing about value: that is what the fair value of 11.10 TWD is for.
Which stocks are comparable to Sun-Sea Construction?
From the same area (Industrials) we also value Quanta Services, Inc, Vinci SA, Comfort Systems USA, Inc, Larsen & Toubro 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 Sun-Sea Construction stock attractive at the current price?
The data as of Sep 24, 2026: price 12.35 TWD, calculated fair value 11.10 TWD (−10%), Quality Score 56/100, from 26 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 5516 calculated?
We run Sun-Sea Construction through 26 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 11.10 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. Sun-Sea Construction 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 Sun-Sea Construction (5516)?
The closing price on Sep 24, 2026 was 12.35 TWD. Our model-based fair value is 11.10 TWD, about −10% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Sun-Sea Construction right now?
The price sits above even our optimistic bull case (11.10 TWD). The favourable scenario is already priced in. Evidence is limited here (fewer models, shorter history), so the fair value is a rougher estimate than usual.
Key figures of Sun-Sea Construction
How large is the market capitalisation of Sun-Sea Construction (5516)?
The market capitalisation of Sun-Sea Construction is 637M TWD (≈ $20.0M). 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 Sun-Sea Construction (5516)?
The price-to-sales ratio of Sun-Sea Construction is 0.05 (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 Sun-Sea Construction (5516)?
Earnings per share at Sun-Sea Construction are 1.02 TWD (price ÷ EPS = P/E 12.1). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Sun-Sea Construction (5516)?
The dividend yield of Sun-Sea Construction is 1.6% (payout 19.8%). 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 Sun-Sea Construction (5516)?
The net margin of Sun-Sea Construction is 0.4% (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 Sun-Sea Construction (5516)?
The return on equity (ROE) of Sun-Sea Construction is 11.9% (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 Sun-Sea Construction (5516)?
On an EBIT basis the return on assets of Sun-Sea Construction 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 Sun-Sea Construction (5516)?
The operating margin of Sun-Sea Construction is 0.0% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Sun-Sea Construction (5516)?
Revenue at Sun-Sea Construction is growing +33.8% versus a year earlier (3y avg −3.7%). 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 Sun-Sea Construction (5516)?
Earnings per share at Sun-Sea Construction are growing −80.7% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Sun-Sea Construction (5516) carry?
The net debt of Sun-Sea Construction is 1.7B TWD (fiscal year 2025, ≈ 6.7 yrs of FCF). 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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