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Da-Li Development Co (6177) Fair Value & Analysis

Real Estate · TW · Market cap 22.9B TWD

DL Da-Li Development Co 6177 · TW
Price48.80 TWD
Fair Value46.56 TWD
Upside-4.6%
Quality45/100
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Mixed Growth
Highly profitable · 25.6% net margin
Low debt · negative free cash flow
6.33% dividend yield
Ranks above peers (8/13)
Wide moat 70/100
Evidence: High Range 34.92 TWD – 62.17 TWD Share as image

Fair value as of: Jul 23, 2026

From 9 valuation models · updated 18 days ago

Share price +8.0% over the past month.

Below-average quality, currently priced close to our fair value.

What matters now

  • The price sits close to our fair value, market and models broadly agree here, little valuation tension.
  • 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)

71.70 TWD 21.60 TWD Fair Value 46.56 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 21.60 TWD – 71.70 TWD · fair‑value band 34.92 TWD – 62.17 TWD · the 48.80 TWD price screens above the 46.56 TWD fair value. Dashed = 300-day average. As of Jul 23, 2026.

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Analysis

Da-Li Development Co (6177) currently trades at 48.80 TWD, while our model-based Fair Value estimate is 46.56 TWD, implying the stock looks roughly 4.6% fairly valued today. The Quality Score stands at 45/100 (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, Da-Li Development Co generated revenue of 13.8B TWD at a net margin of 25.6%. It earns a return on equity of 29.5%. Net debt stands at 21.5B TWD. The stock trades on a trailing P/E of 12.4. Fundamentals as of Jul 23, 2026

Our scenario range runs from 34.92 TWD (bear case) to 62.17 TWD (bull case); at 48.80 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 14% below its 52-week high and 23% 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 -5%, 6177 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
Residual Income 24.87 TWD 30.50 TWD 63.85 TWD 76
Gordon GGM 30.57 TWD 63.56 TWD 100.83 TWD 70
DDM Multi-Stage 30.57 TWD 53.59 TWD 66.71 TWD 61
All 9 models by family
Dividend Discount
Gordon GGM 30.57 TWD 63.56 TWD 100.83 TWD 70
DDM Multi-Stage 30.57 TWD 53.59 TWD 66.71 TWD 61
Multiples
P/S Multiple 48.58 TWD 64.77 TWD 80.97 TWD 58
P/B Multiple 34.92 TWD 46.56 TWD 58.20 TWD 55
EV/EBIT 75.61 TWD 101.96 TWD 128.30 TWD 53
EV/EBITDA 61.25 TWD 82.80 TWD 104.36 TWD 54
EV/Revenue 40.17 TWD 58.85 TWD 77.53 TWD 43
Asset-Based
NCAV (Graham) 11.64 TWD 15.60 TWD 23.28 TWD 50
Economic Profit
Residual Income 24.87 TWD 30.50 TWD 63.85 TWD 76

Widest divergence: Multiples (64.77 TWD) versus Asset-Based (15.60 TWD). Highest evidence: Residual Income (76).

Key figures & financial health

Revenue (TTM) 13.8B TWD
Revenue growth (YoY) +725%
Net margin 25.6%
Return on equity 29.5%
Free cash flow −326M TWD FY2025
P/E ratio 12.4
More key figures
Operating margin 43.1%
EPS (TTM) 3.80 TWD
Dividend yield 6.3%
EPS growth (YoY) -2.9%
Net debt 21.5B TWD FY2025

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

Quality Score breakdown

Overall quality 45/100

Of which business quality 39 · Market factors (momentum, volatility) 53

Profitability 40
Margins and returns on capital today
Quality Growth 26
Are margins and returns improving?
Cashflow 5
Earnings quality: real cash, not paper profit
Fin. Strength 37
Balance sheet, leverage, solvency risk
Investment 68
Disciplined investing over empire-building
Low Volatility 82
Calm price path (market factor)
Momentum 39
Price trend over the last 3–12 months (market factor)
52W Momentum 44
Distance to the 52-week high (market factor)
Net Issuance 85
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

Da-Li Development Co.,Ltd., together with its subsidiaries, engages in the construction business in Taiwan and the United States. It operates through the Development and Construction segments. The company is also involved in the sale and rental business of residential buildings and department stores, as well as real estate investment and brokerage.

Full company description

Da-Li Development Co.,Ltd., together with its subsidiaries, engages in the construction business in Taiwan and the United States. It operates through the Development and Construction segments. The company is also involved in the sale and rental business of residential buildings and department stores, as well as real estate investment and brokerage. Da-Li Development Co.,Ltd. was incorporated in 1977 and is headquartered in Taipei, Taiwan.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Da-Li Development Co reported revenue of 9.8B TWD in FY2025 versus 10.1B TWD in FY2021, a compound −0.8%/yr. Reported net income was 1.8B TWD in FY2025, compounding +3.5%/yr from FY2021.

Growth Quality 55/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
9.8B TWD
Latest YoY
−20.7%
Avg. growth/yr (3Y)
+4.4%
Avg. growth/yr (23Y)
+10.9%
Revenue −0.8%/yr
FY21 10.1B TWD
FY22 8.6B TWD
FY23 15.4B TWD
FY24 12.3B TWD
FY25 9.8B TWD
Net income +3.5%/yr
FY21 1.6B TWD
FY22 1.2B TWD
FY23 2.1B TWD
FY24 2.1B TWD
FY25 1.8B TWD

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Cite: Fair Value Calculator (2026). "Da-Li Development Co Fair Value". https://www.fairvalue-calculator.com/stock/6177

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 46 · Below median
Fair Value upside −5% · Below median
Return on equity (TTM) 29% · Top 25%
Return on assets 6% · Top 25%
Net margin (TTM) 26% · Top 25%
Operating margin (TTM) 43% · Top 25%
Revenue growth 725% · Top 25%
Dividend yield (TTM) 6.3% · Top 25%
Debt / equity 0.29× · Lower than median

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

P/E (TTM) 12.8× · Pricier than median
P/B 2.08× · Pricier than 75% of peers
P/S (TTM) 1.66× · Pricier than median
EV/EBITDA 5.5× · 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 27 · sector 48
FUTURE 100 · sector 0
PAST 100 · sector 10
HEALTH 86 · sector 84
DIVIDEND 100 · 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 23, 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%

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Frequently asked questions

Is Da-Li Development Co (6177) overvalued or undervalued?
As of Jul 23, 2026, our model estimates a fair value of 46.56 TWD versus a price of 48.80 TWD, about −5% (fairly valued).
What is the fair value of 6177?
Our model-based fair value for Da-Li Development Co is 46.56 TWD (as of Jul 23, 2026), built from audited fundamentals. The current price is 48.80 TWD.
What is the quality score of 6177?
Da-Li Development Co has a Quality Score of 45/100. 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 Da-Li Development Co (6177)?
Da-Li Development Co reported trailing-twelve-month revenue of about 13.8B TWD (latest available figure, as of Jul 23, 2026).
What is the net profit margin of 6177?
The net profit margin of Da-Li Development Co is about 25.6%, meaning it keeps roughly 25.6% of revenue as net income. Based on the latest reported figures.
Does Da-Li Development Co pay a dividend?
Da-Li Development Co currently shows a dividend yield of about 6.33% relative to its recent price (as of Jul 23, 2026).

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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