Lihtai Construction Enterprise Co Ltd (5520) fair value: what the stock is really worth
As of Nov 9, 2026: fair value (intrinsic value) of Lihtai Construction Enterprise Co Ltd stock TWD 105, price TWD 81.90, upside +27.9%, quality 71 out of 100. Rating: undervalued. Calculated from audited financials with 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 8, 2026.
How to read this chart
60‑month range 40.93 TWD – 98.30 TWD · fair‑value band 78.58 TWD – 134.01 TWD · the 81.90 TWD price screens below the 104.78 TWD fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 8, 2026.
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Lih Tai Construction Enterprise Co., Ltd., together with its subsidiaries, produces and sells ready-mixed concrete products in Taiwan. The company was founded in 1965 and is based in Taipei, Taiwan.
Stock analysis
Lihtai Construction Enterprise Co Ltd (5520) currently trades at 81.90 TWD, while our model-based Fair Value estimate is 104.78 TWD, implying the stock looks roughly 22% undervalued today.
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Valuation
Bull case: the DCF Models group reads highest at a median of 178.98 TWD per share, and 21 of the 26 models we run sit above the 81.90 TWD price.
Bear case: the Asset-Based group reads lowest at 26.54 TWD, and 5 of the 26 models stay below the price. Data coverage for this calculation is medium.
Scenario range: 78.58 TWD (bear) to 134.01 TWD (bull), the price of 81.90 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 71/100 (solid quality), in the Basic Materials sector.
Healthy Growth: Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Lihtai Construction Enterprise Co Ltd reported revenue of 4.2B TWD in FY2025 versus 2.8B TWD in FY2021, a compound +10.7%/yr. Reported net income was 598M TWD in FY2025, compounding +15.6%/yr from FY2021.
Key figures
Market cap 4.9B TWD (≈ $150M) Micro · P/E ratio 8.4 · P/S ratio 1.18 · EPS (TTM) 9.72 TWD · Dividend yield 8.5% · Net margin 14.4% · Return on equity 19.1% · Return on assets (EBIT) 15.9% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 69 out of 100 (low confidence).
What moves the price
The share trades about 12% below its 52-week high and 4% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Basic Materials peers we cover trades at −21% fair-value upside, at 28%, 5520 screens cheaper than that median.
Fair Value models
Bear78.58 TWDFair Value 104.78 TWDBull134.01 TWD
Price 81.90 TWD · Upside +27.9%
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 (2.33 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.
Best data coverage
FCF DCF122.84 TWD180.26 TWD259.30 TWD78
Growth DCF122.10 TWD174.20 TWD242.15 TWD76
Residual Income53.05 TWD67.50 TWD97.23 TWD75
All 26 models by family
DCF Models
FCF DCF122.84 TWD180.26 TWD259.30 TWD78
Owner Earnings122.19 TWD179.28 TWD257.86 TWD74
5Y Revenue Exit97.82 TWD144.51 TWD204.21 TWD70
5Y EBITDA Exit115.26 TWD178.67 TWD254.13 TWD72
5Y P/E Exit123.75 TWD195.29 TWD272.92 TWD68
10Y Revenue Exit105.04 TWD148.13 TWD207.13 TWD65
10Y EBITDA Exit116.88 TWD169.59 TWD242.23 TWD66
10Y P/E Exit121.75 TWD180.04 TWD255.44 TWD61
Earnings-Based
Graham-Dodd67.81 TWD261.14 TWD353.94 TWD64
Lynch FV63.81 TWD91.15 TWD118.50 TWD61
PEG = 1.063.81 TWD91.15 TWD118.50 TWD57
EPV86.86 TWD96.56 TWD104.52 TWD70
Dividend Discount
Gordon GGM40.31 TWD69.75 TWD92.83 TWD68
DDM Multi-Stage40.31 TWD65.08 TWD74.81 TWD67
Multiples
P/E Multiple127.15 TWD169.54 TWD211.92 TWD63
P/S Multiple78.41 TWD104.55 TWD130.68 TWD58
P/B Multiple57.72 TWD76.96 TWD96.20 TWD55
EV/EBIT127.58 TWD170.12 TWD212.66 TWD63
EV/EBITDA111.17 TWD148.24 TWD185.31 TWD64
EV/Revenue73.16 TWD104.52 TWD135.89 TWD51
Asset-Based
NCAV (Graham)17.52 TWD26.54 TWD33.18 TWD52
Growth DCF
Growth DCF122.10 TWD174.20 TWD242.15 TWD76
Rev-Margin DCF97.82 TWD145.10 TWD203.06 TWD70
Economic Profit
Residual Income53.05 TWD67.50 TWD97.23 TWD75
ROIC Compounder92.78 TWD110.98 TWD131.35 TWD70
Growth Earnings
Growth-Adj P/E102.09 TWD145.84 TWD189.59 TWD67
The fair value above starts from this blend and is adjusted for a cyclical peak year.
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.89/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Revenue growth 1 year
+2.6%
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.
+7.4%
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.
+9.2%
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.
+10.8%
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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.
+24.9%
Earnings growth per share plus dividend.
Earnings per share, growth per year+16.4%
Dividend (yield on the price)8.5%
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.15% → 17%
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).
−8.4%
The company could shrink this much every year for the next five years and today's price would still be justified.
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 −9.8% a year for the price.
Compare Lihtai Construction Enterprise Co Ltd with another stock
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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.Building Materials · 257 stocks
Beats the industry median on 10/13 measures
Overall it ranks above its industry peers.
Valuation
Quality Score71 · Top 25%
Fair Value upside+29.4% · Above median
Profitability
Return on equity (12 months)19.1% · Top 25%
Return on assets13.3% · Top 25%
Net margin (12 months)14.4% · Top 25%
Operating margin (12 months)18.6% · Top 25%
Growth and dividend
Revenue growth (quarter YoY)−1.8% · Below median
Dividend yield (12 months)8.5% · Top 25%
Valuation Multiplesvs Building Materials 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). "Lihtai Construction Enterprise Co Ltd Fair Value". https://www.fairvalue-calculator.com/stock/5520
Frequently asked questions
Is Lihtai Construction Enterprise Co Ltd (5520) overvalued or undervalued?
As of Nov 8, 2026, our model estimates a fair value of 104.78 TWD versus a price of 81.90 TWD, about +28% upside (undervalued).
What is the fair value of 5520?
Our model-based fair value for Lihtai Construction Enterprise Co Ltd is 104.78 TWD (as of Nov 8, 2026), built from audited fundamentals. The current price: 81.90 TWD.
What is the quality score of 5520?
Lihtai Construction Enterprise Co Ltd has a Quality Score of 71/100. 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 Lihtai Construction Enterprise Co Ltd (5520)?
Our model-based price target is the fair value of 104.78 TWD (as of Nov 8, 2026) from 26 valuation models. Cautious scenario 78.58 TWD, optimistic scenario 134.01 TWD. It is a calculation from audited fundamentals, not an analyst target.
What is the Lihtai Construction Enterprise Co Ltd stock forecast for 2026?
Our models put fair value at 104.78 TWD, about +28% upside versus a price of 81.90 TWD (undervalued). Cautious scenario 78.58 TWD, optimistic scenario 134.01 TWD. The calculation is refreshed regularly with new filings.
What is the revenue of Lihtai Construction Enterprise Co Ltd (5520)?
Lihtai Construction Enterprise Co Ltd reported trailing-twelve-month revenue of about 4.1B TWD (latest available figure, as of Nov 8, 2026).
Does Lihtai Construction Enterprise Co Ltd pay a dividend?
Lihtai Construction Enterprise Co Ltd currently shows a dividend yield of 8.55% relative to its recent price (as of Nov 8, 2026).
How much is the dividend of Lihtai Construction Enterprise Co Ltd (5520) and when is the ex-dividend date?
Lihtai Construction Enterprise Co Ltd pays a dividend of 7.00 TWD per share a year, a dividend yield of 8.5%. The last ex-dividend date was Mar 26, 2026. A dividend has been paid every year since at least 2008. The payout ratio is 72.0% of earnings. Free cash flow covers the dividend 1.72 times. Our assessment: Sustainable. Payout and cash coverage both look sustainable.
What growth is priced into Lihtai Construction Enterprise Co Ltd (5520)?
For today's price to be fair in a discounted-cash-flow model, Lihtai Construction Enterprise Co Ltd would have to grow free cash flow by -8.4 % per year for five years (discount rate 11.8 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +9.2 % per year. As of Nov 8, 2026.
What discount rate (WACC) does the fair value of 5520 use?
Our models discount Lihtai Construction Enterprise Co Ltd at 11.8 %: a base by market capitalisation (micro), damped by beta 0.24, 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 Lihtai Construction Enterprise Co Ltd that is -8.4 % per year for five years, then slowing evenly to 2 % by year ten, using the same discount rate (11.8 %) and the same formula as our fair value.
How much growth has Lihtai Construction Enterprise Co Ltd (5520) delivered so far?
Over the past 5 years revenue at Lihtai Construction Enterprise Co Ltd grew +9.2 % a year. The price currently implies free-cash-flow growth of -8.4 % per 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 Lihtai Construction Enterprise Co Ltd (5520) growing?
The median revenue growth in the sector is +9.8 % a year. That is the yardstick for the growth priced into Lihtai Construction Enterprise Co Ltd (-8.4 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Lihtai Construction Enterprise Co Ltd (5520)?
The free-cash-flow yield on the price is 14.71 %: that much free cash flow Lihtai Construction Enterprise Co Ltd produces per unit of market value. When it exceeds the discount rate of our models (11.8 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Lihtai Construction Enterprise Co Ltd (5520)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Lihtai Construction Enterprise Co Ltd it is 104.78 TWD per share (as of Nov 8, 2026), against a price of 81.90 TWD. It is the blended result of 26 valuation models in 8 families (DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings).
Is Lihtai Construction Enterprise Co Ltd stock overvalued or undervalued in 2026?
As of Nov 8, 2026, 5520 trades below its calculated fair value: price 81.90 TWD, fair value 104.78 TWD, a gap of about +28% (undervalued). 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 5520?
No. The price is what the market pays today (81.90 TWD); the fair value is what the company's own numbers justify (104.78 TWD). For Lihtai Construction Enterprise Co Ltd the two are 22.88 TWD per share apart. That gap is exactly why we show both numbers side by side.
How much is Lihtai Construction Enterprise Co Ltd worth?
The market values Lihtai Construction Enterprise Co Ltd at about 4.9B TWD (market capitalisation, as of Nov 8, 2026). Per share that is 81.90 TWD; our models calculate a fair value of 104.78 TWD per share.
What do the bullish and bearish scenarios say about 5520?
Our models span a range for Lihtai Construction Enterprise Co Ltd: cautious scenario 78.58 TWD, base 104.78 TWD, optimistic 134.01 TWD per share (as of Nov 8, 2026, price 81.90 TWD). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 5520?
Lihtai Construction Enterprise Co Ltd trades at a price-to-earnings ratio of 8.4 (as of Nov 8, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 104.78 TWD is built from several models across several years. Median P/E at fiscal year-end, 9 fiscal years (2017 to 2025), reported earnings: 9.9. Other multiples: P/B 1.6, P/S 1.2, EV/EBITDA 4.9.
How solid is the balance sheet of Lihtai Construction Enterprise Co Ltd (5520)?
Balance-sheet figures for Lihtai Construction Enterprise Co Ltd (as of Nov 8, 2026): return on equity 19.1%. They feed the Quality Score of 71/100, which measures business quality independently of the share price.
How far is 5520 from its 52-week high?
Lihtai Construction Enterprise Co Ltd trades at 81.90 TWD, about 12% below its 52-week high of 92.70 TWD and 4% above the low of 78.50 TWD (as of Nov 9, 2026). Distance from the high says nothing about value: that is what the fair value of 104.78 TWD is for.
Which stocks are comparable to Lihtai Construction Enterprise Co Ltd?
From the same area (Basic Materials) we also value CRH plc, Holcim AG, Martin Marietta Materials, Inc, Vulcan Materials Company, 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 Lihtai Construction Enterprise Co Ltd stock attractive at the current price?
The data as of Nov 8, 2026: price 81.90 TWD, calculated fair value 104.78 TWD (+28%), Quality Score 71/100, 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 5520 calculated?
We run Lihtai Construction Enterprise Co Ltd through 26 models from 8 families: DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings. Every model gets the same audited fundamentals; the fair value of 104.78 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. Lihtai Construction Enterprise Co Ltd currently trades 22% below its own fair value, and the market average says nothing about that. 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 Lihtai Construction Enterprise Co Ltd (5520)?
The closing price on Nov 9, 2026 was 81.90 TWD. Our model-based fair value is 104.78 TWD, about +28% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Lihtai Construction Enterprise Co Ltd right now?
Solid quality (71/100) at a price below fair value, the discount is the argument here, not the business quality. The price sits in the lower half of our model range, the side with the larger margin of safety. Read the verdict with care: some models are missing inputs, so the estimate scatters more than usual.
Key figures of Lihtai Construction Enterprise Co Ltd
How large is the market capitalisation of Lihtai Construction Enterprise Co Ltd (5520)?
The market capitalisation of Lihtai Construction Enterprise Co Ltd is 4.9B TWD (≈ $150M). 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 Lihtai Construction Enterprise Co Ltd (5520)?
The price-to-sales ratio of Lihtai Construction Enterprise Co Ltd is 1.18 (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 Lihtai Construction Enterprise Co Ltd (5520)?
Earnings per share at Lihtai Construction Enterprise Co Ltd are 9.72 TWD (price ÷ EPS = P/E 8.4). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Lihtai Construction Enterprise Co Ltd (5520)?
The dividend yield of Lihtai Construction Enterprise Co Ltd is 8.5% (payout 72.0%). 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 Lihtai Construction Enterprise Co Ltd (5520)?
The net margin of Lihtai Construction Enterprise Co Ltd is 14.4% (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 Lihtai Construction Enterprise Co Ltd (5520)?
The return on equity (ROE) of Lihtai Construction Enterprise Co Ltd is 19.1% (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 Lihtai Construction Enterprise Co Ltd (5520)?
On an EBIT basis the return on assets of Lihtai Construction Enterprise Co Ltd is 15.9% (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 Lihtai Construction Enterprise Co Ltd (5520)?
The operating margin of Lihtai Construction Enterprise Co Ltd is 18.6% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Lihtai Construction Enterprise Co Ltd (5520)?
Revenue at Lihtai Construction Enterprise Co Ltd is growing −1.8% versus a year earlier (3y avg +7.4%). 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 Lihtai Construction Enterprise Co Ltd (5520)?
Earnings per share at Lihtai Construction Enterprise Co Ltd are growing −7.7% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Lihtai Construction Enterprise Co Ltd (5520) carry?
The net debt of Lihtai Construction Enterprise Co Ltd is 1.4M TWD (fiscal year 2023, ≈ 0.0 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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Some data
Nov 8, 2026