EN DE

Chong Hong Construction Co (5534) Fair Value & Analysis

Real Estate · TW · Market cap 25.5B TWD

CH Chong Hong Construction Co 5534 · TW
Price78.40 TWD
Fair Value90.96 TWD
Upside+16.0%
Quality47/100
Watch Chong Hong Construction Co for free, get notified when fair value or trend changes. Watch for free
Weak Growth
Solidly profitable · 18.8% net margin
Low debt · generates free cash flow
Mixed vs. peers (7/15)
Narrow moat 43/100
Evidence: High Range 56.05 TWD – 117.49 TWD Share as image

Fair value as of: Jul 21, 2026

From 16 valuation models · updated 19 days ago

Share price −1.0% over the past month.

Below-average quality, screening 16% undervalued on our models.

What matters now

  • A fairly wide model range (56.05 TWD to 117.49 TWD) leaves room in how you read the outcome.
  • As a real-estate business, asset- and dividend-based methods carry more weight here than a standard DCF.
Share this valuation: 𝕏 WhatsApp

Price vs Fair Value (5 years)

147.50 TWD 65.94 TWD Fair Value 90.96 TWD Mar 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 21, 2026.

How to read this chart

60‑month range 65.94 TWD – 147.50 TWD · fair‑value band 56.05 TWD – 117.49 TWD · the 78.40 TWD price screens below the 90.96 TWD fair value. Dashed = 300-day average. As of Jul 21, 2026.

Full chart & analysis →

Which stocks are undervalued right now? Check free Discover now →

Analysis

Chong Hong Construction Co (5534) currently trades at 78.40 TWD, while our model-based Fair Value estimate is 90.96 TWD, implying the stock looks roughly 16.0% undervalued today. The Quality Score stands at 47/100 (below-average quality), in the Real Estate sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: high), always confirm before acting.

Over the trailing twelve months, Chong Hong Construction Co generated revenue of 8.2B TWD at a net margin of 18.8%. Revenue declined 22.0% year over year. It earns a return on equity of 7.3%. Net debt stands at 21.2B TWD. Fundamentals as of Jul 21, 2026

Our scenario range runs from 56.05 TWD (bear case) to 117.49 TWD (bull case); at 78.40 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 12% below its 52-week high and 8% above its 52-week low, currently above its 200-day average. For context, the median of 10 Real Estate peers we cover trades at 32% fair-value upside, at 16%, 5534 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 BearBaseBull Evidence
Highest evidence
Growth DCF 5.83 TWD 8.89 TWD 13.89 TWD 80
Residual Income 56.05 TWD 60.62 TWD 71.26 TWD 76
Rev-Margin DCF 49.02 TWD 92.99 TWD 147.19 TWD 74
All 16 models by family
DCF Models
FCF DCF 5.83 TWD 9.04 TWD 14.37 TWD 38
5Y Revenue Exit 49.02 TWD 95.02 TWD 157.94 TWD 39
5Y EBITDA Exit 63.38 TWD 123.61 TWD 198.79 TWD 41
10Y Revenue Exit 31.69 TWD 70.42 TWD 130.12 TWD 36
10Y EBITDA Exit 43.40 TWD 90.96 TWD 163.18 TWD 37
Dividend Discount
Gordon GGM 46.50 TWD 96.68 TWD 153.37 TWD 70
DDM Multi-Stage 46.50 TWD 81.52 TWD 101.46 TWD 61
Multiples
P/S Multiple 70.49 TWD 93.99 TWD 117.49 TWD 58
P/B Multiple 70.49 TWD 93.99 TWD 117.49 TWD 55
EV/EBIT 129.67 TWD 172.46 TWD 215.24 TWD 53
EV/EBITDA 100.74 TWD 133.88 TWD 167.02 TWD 54
EV/Revenue 72.11 TWD 102.45 TWD 132.79 TWD 43
Asset-Based
NCAV (Graham) 32.97 TWD 44.17 TWD 65.93 TWD 50
Growth DCF
Growth DCF 5.83 TWD 8.89 TWD 13.89 TWD 80
Rev-Margin DCF 49.02 TWD 92.99 TWD 147.19 TWD 74
Economic Profit
Residual Income 56.05 TWD 60.62 TWD 71.26 TWD 76

Widest divergence: Multiples (102.45 TWD) versus Growth DCF (8.89 TWD). Highest evidence: Growth DCF (80).

Key figures & financial health

Revenue (TTM) 8.2B TWD
Revenue growth (YoY) -22.0%
Net margin 18.8%
Return on equity 7.3%
Free cash flow 116M TWD FY2025
P/E ratio 14.1
More key figures
Operating margin 8.6%
EPS (TTM) 5.91 TWD
EPS growth (YoY) -77.9%
Net debt 21.2B TWD FY2025

Figures from reported company fundamentals · as of Jul 21, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 47/100

Of which business quality 45 · Market factors (momentum, volatility) 52

Profitability 35
Margins and returns on capital today
Quality Growth 36
Are margins and returns improving?
Cashflow 12
Earnings quality: real cash, not paper profit
Fin. Strength 53
Balance sheet, leverage, solvency risk
Investment 90
Disciplined investing over empire-building
Low Volatility 89
Calm price path (market factor)
Momentum 39
Price trend over the last 3–12 months (market factor)
52W Momentum 32
Distance to the 52-week high (market factor)
Net Issuance 71
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

Chong Hong Construction Co., Ltd., together with its subsidiaries, engages in the construction, sale, and leasing of residential and commercial buildings in Taiwan. It operates in two segments, Building and Construction. The company leases factories; and undertakes civil engineering and construction, project contracting.

Full company description

Chong Hong Construction Co., Ltd., together with its subsidiaries, engages in the construction, sale, and leasing of residential and commercial buildings in Taiwan. It operates in two segments, Building and Construction. The company leases factories; and undertakes civil engineering and construction, project contracting. It is also involved in general merchandise retail trade and department store and office rental business. In addition, the company offers rental and sale of industrial plants. Chong Hong Construction Co., Ltd. was founded in 1973 and is based in Taipei, Taiwan.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Chong Hong Construction Co reported revenue of 8.5B TWD in FY2025 versus 4.8B TWD in FY2021, a compound +15.0%/yr. Reported net income was 1.7B TWD in FY2025, compounding +8.0%/yr from FY2021.

Growth Quality 32/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
8.5B TWD
Latest YoY
−29.7%
Avg. growth/yr (3Y)
−0.8%
Avg. growth/yr (5Y)
−1.6%
Avg. growth/yr (23Y)
+9.7%
Revenue +15.0%/yr
FY21 4.8B TWD
FY22 8.7B TWD
FY23 9.8B TWD
FY24 12.1B TWD
FY25 8.5B TWD
Net income +8.0%/yr
FY21 1.3B TWD
FY22 2.9B TWD
FY23 1.8B TWD
FY24 2.3B TWD
FY25 1.7B TWD

Watch 5534: get an alert when its fair value changes →

Share or link this analysis
For bloggers & editors: embed code + live data

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). "Chong Hong Construction Co Fair Value". https://www.fairvalue-calculator.com/stock/5534

Peer Group

Real Estate - Development · 588 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 49 · Above median
Fair Value upside +16% · Above median
Return on equity (TTM) 7% · Above median
Return on assets 3% · Above median
Net margin (TTM) 19% · Top 25%
Operating margin (TTM) 9% · Below median
Revenue growth -22% · Below median
Dividend yield (TTM) 0.0% · Bottom 25%

Valuation Multiples vs Real Estate - Development median · lower = cheaper

P/E (TTM) 13.7× · Pricier than median
P/B 1.23× · Pricier than 75% of peers
P/S (TTM) 3.10× · Pricier than 75% of peers
P/FCF 6.9× · Pricier than 75% of peers
EV/EBITDA 12.4× · Pricier than median
PEG 0.47× · 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 55 · sector 48
FUTURE 0 · sector 0
PAST 29 · sector 10
HEALTH 100 · sector 84
DIVIDEND 0 · sector 38

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 - Development stocks, each showing price versus our Fair Value estimate (as of Jul 21, 2026).

Stock Price Fair Value vs Fair Value
DLF Limited DLF ₹657.75 ₹159.49 -76%
Lodha Developers Limited LODHA ₹1,188 ₹583.43 -51%
PT Pantai Indah Kapuk Dua Tbk, PANI 6,125 IDR 1,330 IDR -78%
Oberoi Realty Limited OBEROIRLTY ₹1,925 ₹1,183 -39%
Godrej Properties Limited GODREJPROP ₹2,102 ₹1,044 -50%
PT Jaya Real Property, Tbk., JRPT 1,080 IDR 1,674 IDR +55%
PT Bumi Serpong Damai Tbk, BSDE 555.00 IDR 1,388 IDR +150%
PT Sentul City Tbk, BKSL 64.00 IDR 84.16 IDR +32%
PT Ciputra Development Tbk, CTRA 555.00 IDR 1,388 IDR +150%
PT Duta Pertiwi Tbk DUTI 4,100 IDR 6,239 IDR +52%

Compare Chong Hong Construction Co with another stock

Price, fair value, quality and upside side by side.

Free, no sign-up

Explore undervalued stocks

More undervalued Real Estate stocks →

All undervalued stocks TechnologyFinancial ServicesHealthcareConsumer CyclicalConsumer DefensiveCommunication ServicesIndustrialsEnergyBasic MaterialsReal EstateUtilities Deeply Undervalued StocksUndervalued Blue-Chip StocksUndervalued Small-Cap StocksUndervalued Dividend Stocks

Frequently asked questions

Is Chong Hong Construction Co (5534) overvalued or undervalued?
As of Jul 21, 2026, our model estimates a fair value of 90.96 TWD versus a price of 78.40 TWD, about +16% (undervalued).
What is the fair value of 5534?
Our model-based fair value for Chong Hong Construction Co is 90.96 TWD (as of Jul 21, 2026), built from audited fundamentals. The current price is 78.40 TWD.
What is the quality score of 5534?
Chong Hong Construction Co has a Quality Score of 47/100. 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 Chong Hong Construction Co (5534)?
Chong Hong Construction Co reported trailing-twelve-month revenue of about 8.2B TWD (latest available figure, as of Jul 21, 2026).
What is the net profit margin of 5534?
The net profit margin of Chong Hong Construction Co is about 18.8%, meaning it keeps roughly 18.8% 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.

14 days Pro free · no card

Track Chong Hong Construction Co and try Pro for 14 days

One email gets you 14 days of full Pro (review alerts, the 35,000+ stock screener, the diversification check) plus the monthly Top-25 report of the most undervalued quality stocks. No card, cancel anytime.

Zero risk: nothing is ever charged. After 14 days you decide whether to stay.