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Sun-Sea Construction Corporation (5516) Fair Value & Analysis

Industrials · TW · Market cap 541M TWD

SS Sun-Sea Construction Corporation 5516 · TWO
Price13.10 TWD
Fair Value2.80 TWD
Upside-78.6%
Quality57/100
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Healthy Growth
Thin margins · 2.9% net margin
Low debt · generates free cash flow
Ranks above peers (6/10)
Narrow moat 40/100
Evidence: High Range 2.10 TWD – 3.74 TWD Share as image

Fair value as of: Jul 23, 2026

From 26 valuation models · updated 18 days ago

Share price +24.8% over the past month.

A solid business, but screening 79% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (3.74 TWD). The favourable scenario is already priced in.
  • Solid but not exceptional quality (57/100) and above fair value, neither a clear bargain nor a standout compounder.
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Price vs Fair Value (5 years)

33.00 TWD 10.00 TWD Fair Value 2.80 TWD Mar 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 23, 2026.

How to read this chart

60‑month range 10.00 TWD – 33.00 TWD · fair‑value band 2.10 TWD – 3.74 TWD · the 13.10 TWD price screens above the 2.80 TWD fair value. Dashed = 300-day average. As of Jul 23, 2026.

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Analysis

Sun-Sea Construction Corporation (5516) currently trades at 13.10 TWD, while our model-based Fair Value estimate is 2.80 TWD, implying the stock looks roughly 78.6% overvalued today. The Quality Score stands at 57/100 (solid quality), in the Industrials 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, Sun-Sea Construction Corporation generated revenue of 2.2B TWD at a net margin of 0.4%. Revenue grew 10.7% year over year. It earns a return on equity of 1.9%. Net debt stands at 1.7B TWD. Fundamentals as of Jul 23, 2026

Our scenario range runs from 2.10 TWD (bear case) to 3.74 TWD (bull case); at 13.10 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. The share trades about 23% below its 52-week high and 30% above its 52-week low, currently below its 200-day average. For context, the median of 10 Industrials peers we cover trades at -45% fair-value upside, at -79%, 5516 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
Growth DCF 51.44 TWD 75.07 TWD 106.77 TWD 80
Residual Income 5.71 TWD 5.40 TWD 3.95 TWD 76
Rev-Margin DCF 28.39 TWD 38.17 TWD 50.18 TWD 74
All 26 models by family
DCF Models
FCF DCF 51.49 TWD 76.86 TWD 112.33 TWD 38
Owner Earnings 4.50 TWD 5.60 TWD 7.12 TWD 31
5Y Revenue Exit 28.39 TWD 37.43 TWD 48.16 TWD 39
5Y EBITDA Exit 28.68 TWD 38.00 TWD 48.28 TWD 41
5Y P/E Exit 22.97 TWD 26.95 TWD 30.58 TWD 38
10Y Revenue Exit 36.91 TWD 47.34 TWD 60.38 TWD 36
10Y EBITDA Exit 37.39 TWD 47.71 TWD 60.46 TWD 37
10Y P/E Exit 34.02 TWD 40.58 TWD 47.74 TWD 35
Earnings-Based
Graham-Dodd 1.12 TWD 4.07 TWD 5.49 TWD 54
Lynch FV 0.9700 TWD 1.38 TWD 1.79 TWD 50
PEG = 1.0 0.9700 TWD 1.38 TWD 1.79 TWD 46
EPV 11.67 TWD 12.93 TWD 13.99 TWD 59
Dividend Discount
Gordon GGM 1.51 TWD 2.72 TWD 3.74 TWD 70
DDM Multi-Stage 1.51 TWD 2.48 TWD 2.90 TWD 61
Multiples
P/E Multiple 2.60 TWD 3.46 TWD 4.33 TWD 63
P/S Multiple 2.10 TWD 2.80 TWD 3.50 TWD 58
P/B Multiple 2.10 TWD 2.80 TWD 3.50 TWD 55
EV/EBIT 18.82 TWD 24.29 TWD 29.77 TWD 53
EV/EBITDA 15.49 TWD 19.85 TWD 24.22 TWD 54
EV/Revenue 14.11 TWD 19.14 TWD 24.16 TWD 43
Asset-Based
NCAV (Graham) 4.28 TWD 5.74 TWD 8.56 TWD 50
Growth DCF
Growth DCF 51.44 TWD 75.07 TWD 106.77 TWD 80
Rev-Margin DCF 28.39 TWD 38.17 TWD 50.18 TWD 74
Economic Profit
Residual Income 5.71 TWD 5.40 TWD 3.95 TWD 76
ROIC Compounder 12.30 TWD 14.67 TWD 17.44 TWD 72
Growth Earnings
Growth-Adj P/E 1.83 TWD 2.61 TWD 3.39 TWD 68

Widest divergence: Growth DCF (38.17 TWD) versus Earnings-Based (1.38 TWD). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) 2.2B TWD
Revenue growth (YoY) +10.7%
Net margin 0.4%
Return on equity 1.9%
Free cash flow 259M TWD FY2025
P/E ratio 68.8
More key figures
Operating margin 0.8%
EPS (TTM) 0.1600 TWD
EPS growth (YoY) -80.7%
Net debt 1.7B TWD FY2025

Figures from reported company fundamentals · as of Jul 23, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 57/100

Of which business quality 52 · Market factors (momentum, volatility) 43

Profitability 21
Margins and returns on capital today
Quality Growth 69
Are margins and returns improving?
Cashflow 76
Earnings quality: real cash, not paper profit
Fin. Strength 8
Balance sheet, leverage, solvency risk
Investment 98
Disciplined investing over empire-building
Low Volatility 72
Calm price path (market factor)
Momentum 26
Price trend over the last 3–12 months (market factor)
52W Momentum 38
Distance to the 52-week high (market factor)
Net Issuance 78
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

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.

Full company description

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.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Sun-Sea Construction Corporation 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.

Growth Quality 74/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Latest Revenue (FY 2025)
2.2B TWD
Latest YoY
+8.4%
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.
−3.7%
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.
+7.1%
Avg. growth/yr (8Y) 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.
+13.4%
Revenue −1.0%/yr
FY21 2.3B TWD
FY22 2.4B TWD
FY23 2.8B TWD
FY24 2.0B TWD
FY25 2.2B TWD
Net income −48.5%/yr
FY21 120M TWD
FY22 129M TWD
FY23 −188M TWD
FY24 −186M TWD
FY25 8.5M TWD

5516 screens 79% overvalued. Compare with Larsen & Toubro Limited →

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Cite: Fair Value Calculator (2026). "Sun-Sea Construction Corporation Fair Value". https://www.fairvalue-calculator.com/stock/5516

Peer Group

Engineering & Construction · 839 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 57 · Above median
Fair Value upside −79% · Bottom 25%
Return on equity (TTM) 16% · Top 25%
Return on assets 3% · Above median
Net margin (TTM) 3% · Below median
Operating margin (TTM) 9% · Above median
Revenue growth 48% · Top 25%
Debt / equity 0.33× · Higher than median

Valuation Multiples vs Engineering & Construction median · lower = cheaper

P/E (TTM) 65.6× · Pricier than 75% of peers
P/FCF 0.1× · Cheaper than 75% of peers

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 16
FUTURE 100 · sector 17
PAST 62 · sector 26
HEALTH 84 · sector 94
DIVIDEND 0 · sector 33

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 Engineering & Construction stocks, each showing price versus our Fair Value estimate (as of Jul 23, 2026).

Stock Price Fair Value vs Fair Value
Larsen & Toubro Limited LT ₹3,815 ₹1,994 -48%
Samsung C&T Corporation 028260 346,000 KRW 268,779 KRW -22%
Hyundai Engineering & Construction Co 000720 99,000 KRW 63,993 KRW -35%
United Integrated Services Co 2404 1,250 TWD 925.62 TWD -26%
Samsung E&A Co 028050 42,550 KRW 44,840 KRW +5%
Rail Vikas Nigam Limited RVNL ₹232.67 ₹61.46 -74%
Daewoo Engineering & Construction Co 047040 16,240 KRW 6,507 KRW -60%
NBCC (India) Limited NBCC ₹96.32 ₹48.22 -50%
Cemindia Projects Limited CEMPRO ₹1,330 ₹730.69 -45%
KEPCO Engineering & Construction Company 052690 92,700 KRW 20,172 KRW -78%

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Frequently asked questions

Is Sun-Sea Construction Corporation (5516) overvalued or undervalued?
As of Jul 23, 2026, our model estimates a fair value of 2.80 TWD versus a price of 13.10 TWD, about −79% (overvalued).
What is the fair value of 5516?
Our model-based fair value for Sun-Sea Construction Corporation is 2.80 TWD (as of Jul 23, 2026), built from audited fundamentals. The current price is 13.10 TWD.
What is the quality score of 5516?
Sun-Sea Construction Corporation has a Quality Score of 57/100. 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 Sun-Sea Construction Corporation (5516)?
Sun-Sea Construction Corporation reported trailing-twelve-month revenue of about 2.2B TWD (latest available figure, as of Jul 23, 2026).
What is the net profit margin of 5516?
The net profit margin of Sun-Sea Construction Corporation is about 0.4%, meaning it keeps roughly 0.4% 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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