Tacheng Real Estate Co Ltd (6171) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of Tacheng Real Estate Co Ltd stock TWD 26.84, price TWD 24.70, upside +8.7%, quality 57 out of 100. Rating: fairly valued. Calculated from audited financials with 9 of our 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 9, 2026.
How to read this chart
60‑month range 17.06 TWD – 58.60 TWD · fair‑value band 22.47 TWD – 34.06 TWD · the 24.70 TWD price screens below the 26.84 TWD fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 9, 2026.
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Tacheng Real Estate Co.,Ltd. engages in real estate development and construction-related businesses in Taiwan. It is involved in the residential construction; leasing and selling commercial buildings; wholesale and retail of building materials; and provision of landscape and interior design services.
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Tacheng Real Estate Co.,Ltd. was founded in 1984 and is based in Taichung, Taiwan.
Stock analysis
Tacheng Real Estate Co Ltd (6171) currently trades at 24.70 TWD, while our model-based Fair Value estimate is 26.84 TWD, so the stock looks roughly fairly valued today (gap 8.0%).
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Valuation
Bull case: the Multiples group reads highest at a median of 64.94 TWD per share, and 9 of the 9 models we run sit above the 24.70 TWD price.
Bear case: the Asset-Based group reads lowest at 25.24 TWD, and 0 of the 9 models stay below the price. Data coverage for this calculation is low.
Scenario range: 22.47 TWD (bear) to 34.06 TWD (bull), the price of 24.70 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 57/100 (solid quality), in the Real Estate sector.
Weak Growth: Revenue is shrinking: the last year, the last three and the last five years are all negative.
Tacheng Real Estate Co Ltd reported revenue of 1.2B TWD in FY2025 versus 2.0B TWD in FY2021, a compound −12.7%/yr. Reported net income was 382M TWD in FY2025, compounding −2.2%/yr from FY2021.
Key figures
Market cap 2.5B TWD (≈ $75.2M) Micro · P/E ratio 18.0 · P/S ratio 5.47 · EPS (TTM) 1.37 TWD · Dividend yield 8.1% · Net margin 30.4% · Return on equity 5.7% · Return on assets (EBIT) 12.7% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 60 out of 100 (medium confidence).
What moves the price
The share trades about 15% below its 52-week high and 8% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Real Estate peers we cover trades at 33% fair-value upside, at 9%, 6171 screens richer than that median.
Fair Value models
Bear22.47 TWDFair Value 26.84 TWDBull34.06 TWD
Price 24.70 TWD · Upside +8.7%
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.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.
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.22/100
Revenue is shrinking: the last year, the last three and the last five years are all negative.
Revenue growth 1 year
−35.4%
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.
−15.4%
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.
−0.8%
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.
+9.9%
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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.
+18.6%
Earnings growth per share plus dividend.
Earnings per share, growth per year+10.5%
Dividend (yield on the price)8.1%
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.23% → 41%
Compare Tacheng Real Estate Co Ltd with another stock
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.Real Estate - Development · 489 stocks
Beats the industry median on 6/12 measures
A mixed picture versus its industry peers.
Valuation
Quality Score57 · Above median
Fair Value upside+8.7% · Below median
Profitability
Return on equity (12 months)5.7% · Above median
Return on assets8.8% · Top 25%
Net margin (12 months)30.4% · Top 25%
Operating margin (12 months)41.5% · Top 25%
Growth and dividend
Revenue growth (quarter YoY)−87.8% · Bottom 25%
Dividend yield (12 months)8.1% · Top 25%
Valuation Multiplesvs Real Estate - Development 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). "Tacheng Real Estate Co Ltd Fair Value". https://www.fairvalue-calculator.com/stock/6171
Frequently asked questions
Is Tacheng Real Estate Co Ltd (6171) overvalued or undervalued?
As of Nov 9, 2026, our model estimates a fair value of 26.84 TWD versus a price of 24.70 TWD, about +9% upside (fairly valued).
What is the fair value of 6171?
Our model-based fair value for Tacheng Real Estate Co Ltd is 26.84 TWD (as of Nov 9, 2026), built from audited fundamentals. The current price: 24.70 TWD.
What is the quality score of 6171?
Tacheng Real Estate Co Ltd 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 price target for Tacheng Real Estate Co Ltd (6171)?
Our model-based price target is the fair value of 26.84 TWD (as of Nov 9, 2026) from 9 valuation models. Cautious scenario 22.47 TWD, optimistic scenario 34.06 TWD. It is a calculation from audited fundamentals, not an analyst target.
What is the Tacheng Real Estate Co Ltd stock forecast for 2026?
Our models put fair value at 26.84 TWD, about +9% upside versus a price of 24.70 TWD (fairly valued). Cautious scenario 22.47 TWD, optimistic scenario 34.06 TWD. The calculation is refreshed regularly with new filings.
What is the revenue of Tacheng Real Estate Co Ltd (6171)?
Tacheng Real Estate Co Ltd reported trailing-twelve-month revenue of about 452M TWD (latest available figure, as of Nov 9, 2026).
Does Tacheng Real Estate Co Ltd pay a dividend?
Tacheng Real Estate Co Ltd currently shows a dividend yield of 8.10% relative to its recent price (as of Nov 9, 2026).
How much is the dividend of Tacheng Real Estate Co Ltd (6171) and when is the ex-dividend date?
Tacheng Real Estate Co Ltd pays a dividend of 2.00 TWD per share a year, a dividend yield of 8.1%. The last ex-dividend date was Oct 2, 2026. A dividend has been paid every year since 2016. The payout ratio is 146% of earnings. Our assessment: Pays more than it earns. The company pays out more in dividends than it earns, and free cash flow clearly does not cover the dividend either. It may need to be cut unless profits recover.
What is the intrinsic value of Tacheng Real Estate Co Ltd (6171)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Tacheng Real Estate Co Ltd it is 26.84 TWD per share (as of Nov 9, 2026), against a price of 24.70 TWD. It is the blended result of 9 valuation models in 4 families (Dividend Discount, Multiples, Asset-Based, Economic Profit).
Is Tacheng Real Estate Co Ltd stock overvalued or undervalued in 2026?
As of Nov 9, 2026, 6171 trades below its calculated fair value: price 24.70 TWD, fair value 26.84 TWD, a gap of about +9% (fairly valued). 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 6171?
No. The price is what the market pays today (24.70 TWD); the fair value is what the company's own numbers justify (26.84 TWD). For Tacheng Real Estate Co Ltd the two are 2.14 TWD per share apart. That gap is exactly why we show both numbers side by side.
How much is Tacheng Real Estate Co Ltd worth?
The market values Tacheng Real Estate Co Ltd at about 2.5B TWD (market capitalisation, as of Nov 9, 2026). Per share that is 24.70 TWD; our models calculate a fair value of 26.84 TWD per share.
What do the bullish and bearish scenarios say about 6171?
Our models span a range for Tacheng Real Estate Co Ltd: cautious scenario 22.47 TWD, base 26.84 TWD, optimistic 34.06 TWD per share (as of Nov 9, 2026, price 24.70 TWD). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 6171?
Tacheng Real Estate Co Ltd trades at a price-to-earnings ratio of 18.0 (as of Nov 9, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 26.84 TWD is built from several models across several years. Other multiples: P/B 1.0, P/S 5.5, EV/EBITDA 13.5.
How solid is the balance sheet of Tacheng Real Estate Co Ltd (6171)?
Balance-sheet figures for Tacheng Real Estate Co Ltd (as of Nov 9, 2026): return on equity 5.7%. They feed the Quality Score of 57/100, which measures business quality independently of the share price.
How far is 6171 from its 52-week high?
Tacheng Real Estate Co Ltd trades at 24.70 TWD, about 15% below its 52-week high of 29.10 TWD and 8% above the low of 22.80 TWD (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of 26.84 TWD is for.
Which stocks are comparable to Tacheng Real Estate Co Ltd?
From the same area (Real Estate) we also value Sun Hung Kai Properties Limited, China Resources Land Limited, CK Asset Holdings, DLF 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 Tacheng Real Estate Co Ltd stock attractive at the current price?
The data as of Nov 9, 2026: price 24.70 TWD, calculated fair value 26.84 TWD (+9%), Quality Score 57/100, from 9 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 6171 calculated?
We run Tacheng Real Estate Co Ltd through 9 models from 4 families: Dividend Discount, Multiples, Asset-Based, Economic Profit. Every model gets the same audited fundamentals; the fair value of 26.84 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. Tacheng Real Estate Co Ltd currently trades 8% 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 Tacheng Real Estate Co Ltd (6171)?
The closing price on Nov 6, 2026 was 24.70 TWD. Our model-based fair value is 26.84 TWD, about +9% upside (fairly valued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Tacheng Real Estate Co Ltd right now?
The price sits close to our fair value, market and models broadly agree here, little valuation tension. Evidence is limited here (fewer models, shorter history), so the fair value is a rougher estimate than usual. As a real-estate business, asset- and dividend-based methods carry more weight here than a standard DCF.
Key figures of Tacheng Real Estate Co Ltd
How large is the market capitalisation of Tacheng Real Estate Co Ltd (6171)?
The market capitalisation of Tacheng Real Estate Co Ltd is 2.5B TWD (≈ $75.2M). 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 Tacheng Real Estate Co Ltd (6171)?
The price-to-sales ratio of Tacheng Real Estate Co Ltd is 5.47 (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 Tacheng Real Estate Co Ltd (6171)?
Earnings per share at Tacheng Real Estate Co Ltd are 1.37 TWD (price ÷ EPS = P/E 18.0). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Tacheng Real Estate Co Ltd (6171)?
The dividend yield of Tacheng Real Estate Co Ltd is 8.1% (payout 146%). 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 Tacheng Real Estate Co Ltd (6171)?
The net margin of Tacheng Real Estate Co Ltd is 30.4% (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 Tacheng Real Estate Co Ltd (6171)?
The return on equity (ROE) of Tacheng Real Estate Co Ltd is 5.7% (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 Tacheng Real Estate Co Ltd (6171)?
On an EBIT basis the return on assets of Tacheng Real Estate Co Ltd is 12.7% (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 Tacheng Real Estate Co Ltd (6171)?
The operating margin of Tacheng Real Estate Co Ltd is 41.5% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Tacheng Real Estate Co Ltd (6171)?
Revenue at Tacheng Real Estate Co Ltd is growing −87.8% versus a year earlier (3y avg −15.4%). 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 Tacheng Real Estate Co Ltd (6171)?
Earnings per share at Tacheng Real Estate Co Ltd are growing −89.9% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Tacheng Real Estate Co Ltd (6171) generate?
The free cash flow of Tacheng Real Estate Co Ltd is −446M TWD (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net debt does Tacheng Real Estate Co Ltd (6171) carry?
The net debt of Tacheng Real Estate Co Ltd is 756M TWD (fiscal year 2025). 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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Thin data
Nov 9, 2026