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Founding Construction Development Corp (5533) Fair Value & Analysis

Real Estate · TW · Market cap 4.0B TWD

FC Founding Construction Development Corp 5533 · TW
Price14.00 TWD
Fair Value11.79 TWD
Upside-15.8%
Quality49/100
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Weak Growth
Solidly profitable · 14.8% net margin
Low debt · negative free cash flow
4.23% dividend yield
Trails peers (5/13)
Narrow moat 37/100
Evidence: High Range 9.56 TWD – 14.03 TWD Share as image

Fair value as of: Jul 23, 2026

From 9 valuation models · updated 18 days ago

Share price +3.3% over the past month.

Below-average quality, and screening another 16% overvalued on our models.

What matters now

  • Solid but not exceptional quality (49/100) and above fair value, neither a clear bargain nor a standout compounder.
  • As a real-estate business, asset- and dividend-based methods carry more weight here than a standard DCF.
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Price vs Fair Value (5 years)

28.00 TWD 13.34 TWD Fair Value 11.79 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 13.34 TWD – 28.00 TWD · fair‑value band 9.56 TWD – 14.03 TWD · the 14.00 TWD price screens above the 11.79 TWD fair value. Dashed = 300-day average. As of Jul 23, 2026.

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Analysis

Founding Construction Development Corp (5533) currently trades at 14.00 TWD, while our model-based Fair Value estimate is 11.79 TWD, implying the stock looks roughly 15.8% overvalued today. The Quality Score stands at 49/100 (below-average quality), in the Real Estate 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, Founding Construction Development Corp generated revenue of 1.2B TWD at a net margin of 13.6%. Revenue declined 60.2% year over year. It earns a return on equity of 1.6%. The balance sheet holds a net cash position of 1.2B TWD. Fundamentals as of Jul 23, 2026

Our scenario range runs from 9.56 TWD (bear case) to 14.03 TWD (bull case); at 14.00 TWD, the current price sits within 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 22% below its 52-week high and 3% above its 52-week low, currently below its 200-day average. For context, the median of 10 Real Estate peers we cover trades at -2% fair-value upside, at -16%, 5533 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
Residual Income 23.20 TWD 22.11 TWD 16.79 TWD 76
Gordon GGM 8.78 TWD 9.57 TWD 10.76 TWD 70
DDM Multi-Stage 8.78 TWD 10.85 TWD 13.68 TWD 61
All 9 models by family
Dividend Discount
Gordon GGM 8.78 TWD 9.57 TWD 10.76 TWD 70
DDM Multi-Stage 8.78 TWD 10.85 TWD 13.68 TWD 61
Multiples
P/S Multiple 7.08 TWD 9.44 TWD 11.81 TWD 58
P/B Multiple 7.08 TWD 9.44 TWD 11.81 TWD 55
EV/EBIT 16.23 TWD 19.38 TWD 22.54 TWD 53
EV/EBITDA 17.00 TWD 20.41 TWD 23.82 TWD 54
EV/Revenue 11.99 TWD 14.22 TWD 16.46 TWD 43
Asset-Based
NCAV (Graham) 16.78 TWD 22.49 TWD 33.57 TWD 50
Economic Profit
Residual Income 23.20 TWD 22.11 TWD 16.79 TWD 76

Widest divergence: Asset-Based (22.49 TWD) versus Dividend Discount (9.57 TWD). Highest evidence: Residual Income (76).

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Key figures & financial health

Revenue (TTM) 1.2B TWD
Revenue growth (YoY) -1.1%
Net margin 14.8%
Return on equity 1.8%
Free cash flow −319M TWD FY2025
P/E ratio 25.1
More key figures
Operating margin 16.1%
EPS (TTM) 0.5600 TWD
Dividend yield 4.2%
EPS growth (YoY) +43.3%
Net cash 1.2B TWD FY2025

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

Quality Score breakdown

Overall quality 49/100

Of which business quality 47 · Market factors (momentum, volatility) 48

Profitability 22
Margins and returns on capital today
Quality Growth 13
Are margins and returns improving?
Cashflow 0
Earnings quality: real cash, not paper profit
Fin. Strength 93
Balance sheet, leverage, solvency risk
Investment 97
Disciplined investing over empire-building
Low Volatility 100
Calm price path (market factor)
Momentum 32
Price trend over the last 3–12 months (market factor)
52W Momentum 15
Distance to the 52-week high (market factor)
Net Issuance 82
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

Founding Construction Development Corp. engages in the development of public housings and commercial buildings for leasing and selling in Taiwan. The company is also involved in the trading of construction materials and machines; and designing and construction 5522170of interior decoration, etc.

Full company description

Founding Construction Development Corp. engages in the development of public housings and commercial buildings for leasing and selling in Taiwan. The company is also involved in the trading of construction materials and machines; and designing and construction 5522170of interior decoration, etc. In addition, it engages in operating and investing in civil construction, building works, and related businesses; catering and restaurant, and general hotel business, as well as general investment business. The company was incorporated in 1991 and is based in Taipei, Taiwan.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Founding Construction Development Corp reported revenue of 1.2B TWD in FY2025 versus 3.8B TWD in FY2021, a compound −25.5%/yr. Reported net income was 158M TWD in FY2025, compounding −37.8%/yr from FY2021.

Growth Quality 11/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
1.2B TWD
Latest YoY
−47.9%
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.
−37.7%
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.
−21.2%
Avg. growth/yr (25Y) 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.
−3.3%
Revenue −25.5%/yr
FY21 3.8B TWD
FY22 4.8B TWD
FY23 3.8B TWD
FY24 2.2B TWD
FY25 1.2B TWD
Net income −37.8%/yr
FY21 1.1B TWD
FY22 1.0B TWD
FY23 890M TWD
FY24 423M TWD
FY25 158M TWD
Character of growth · EPS growth decomposed (2014-2025) −2.5 % p.a.
Revenue per share −1.6 pp

of which total revenue −1.6 pp · buybacks/dilution +0.0 pp

EBIT margin −2.0 pp
Tax rate −0.2 pp
Residual (interest, one-offs) +1.5 pp

Absolute contributions in percentage points per year; they sum to the EPS growth rate. Start and end points are 3-year averages (details on hover).

5533 screens 16% overvalued. Compare with Vingroup Joint Stock Company →

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Cite: Fair Value Calculator (2026). "Founding Construction Development Corp Fair Value". https://www.fairvalue-calculator.com/stock/5533

Peer Group

Real Estate Services · 520 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 50 · Below median
Fair Value upside −16% · Below median
Return on equity (TTM) 2% · Below median
Return on assets 1% · Below median
Net margin (TTM) 15% · Above median
Operating margin (TTM) 16% · Below median
Revenue growth -1% · Below median
Dividend yield (TTM) 4.2% · Above median
Debt / equity 0.09× · Lower than median

Valuation Multiples vs Real Estate Services median · lower = cheaper

P/E (TTM) 25.1× · Pricier than 75% of peers
P/B 0.42× · Cheaper than median
P/S (TTM) 3.45× · Pricier than median
EV/EBITDA 8.9× · Cheaper than median

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 12 · sector 37
FUTURE 0 · sector 10
PAST 7 · sector 16
HEALTH 96 · sector 85
DIVIDEND 85 · sector 49

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 Real Estate Services stocks, each showing price versus our Fair Value estimate (as of Jul 23, 2026).

Stock Price Fair Value vs Fair Value
Vingroup Joint Stock Company VIC 223,000 VND 25,731 VND -88%
KE Holdings 2423 HK$44.76 HK$18.03 -60%
Swire Properties Limited 1972 HK$23.90 HK$18.75 -22%
Plaza S.A MALLPLAZA 3,725 CLP 5,571 CLP +50%
SAGAA SAGAA kr 170.00 kr 75.55 -56%
Cencosud Shopping S.A CENCOMALLS 2,324 CLP 2,976 CLP +28%
PT Sarana Menara Nusantara Tbk. owns and TOWR 372.00 IDR 1,208 IDR +225%
PT Metropolitan Kentjana Tbk MKPI 20,975 IDR 19,160 IDR -9%
PT Bangun Kosambi Sukses Tbk, CBDK 3,530 IDR 3,464 IDR -2%
IRSA Inversiones y Representaciones Sociedad Anónima, IRSA 2,495 ARS 3,998 ARS +60%

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Frequently asked questions

Is Founding Construction Development Corp (5533) overvalued or undervalued?
As of Jul 23, 2026, our model estimates a fair value of 11.79 TWD versus a price of 14.00 TWD, about −16% (overvalued).
What is the fair value of 5533?
Our model-based fair value for Founding Construction Development Corp is 11.79 TWD (as of Jul 23, 2026), built from audited fundamentals. The current price is 14.00 TWD.
What is the quality score of 5533?
Founding Construction Development Corp has a Quality Score of 49/100. 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 Founding Construction Development Corp (5533)?
Founding Construction Development Corp reported trailing-twelve-month revenue of about 1.2B TWD (latest available figure, as of Jul 23, 2026).
What is the net profit margin of 5533?
The net profit margin of Founding Construction Development Corp is about 13.6%, meaning it keeps roughly 13.6% 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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