LI Ming Development Construction Co Ltd (6212) fair value: what the stock is really worth
As of Sep 24, 2026: fair value of LI Ming Development Construction Co Ltd TWD 44.38, price TWD 32.10, upside +38.3%, quality 53 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 24, 2026.
How to read this chart
60‑month range 27.05 TWD – 114.00 TWD · fair‑value band 30.55 TWD – 59.08 TWD · the 32.10 TWD price screens below the 44.38 TWD fair value. Dashed = 300-day average. As of Sep 24, 2026.
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Li Ming Development Construction Co., Ltd. engages in the real estate development business in Taiwan. The company builds, leases, and sells buildings. The company also wholesales and retails building materials, and offers interior decoration services. The company was formerly known as M.E.T. Technology Co., Ltd.
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Li Ming Development Construction Co., Ltd. engages in the real estate development business in Taiwan. The company builds, leases, and sells buildings. The company also wholesales and retails building materials, and offers interior decoration services. The company was formerly known as M.E.T. Technology Co., Ltd. and changed its name to Li Ming Development Construction Co., Ltd. in January 2007. Li Ming Development Construction Co., Ltd. was founded in 1977 and is based in Hsinchu City, Taiwan.
Stock analysis
LI Ming Development Construction Co Ltd (6212) currently trades at 32.10 TWD, while our model-based Fair Value estimate is 44.38 TWD, implying the stock looks roughly 27.7% undervalued today.
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Valuation
Bull case: the Multiples group reads highest at a median of 69.03 TWD per share, and 8 of the 9 models we run sit above the 32.10 TWD price.
Bear case: the Asset-Based group reads lowest at 24.48 TWD, and 1 of the 9 models stay below the price. Evidence for this calculation is high.
Scenario range: 30.55 TWD (bear) to 59.08 TWD (bull), the price of 32.10 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 53/100 (solid quality), in the Real Estate sector.
Mixed Growth: Spin-off in 2024: revenue and profit before it include the divested business. Growth is measured afresh from 2024.
LI Ming Development Construction Co Ltd reported revenue of 1.7B TWD in FY2025 versus 3.3B TWD in FY2021, a compound −15.2%/yr. Reported net income was 404M TWD in FY2025, compounding −0.8%/yr from FY2021.
Key figures
Market cap 3.3B TWD (≈ $103M) · P/E ratio 15.9 · P/S ratio 3.79 · EPS (TTM) 2.02 TWD · Dividend yield 11.4% · Net margin 23.8% · Return on equity 5.5% · Return on assets (EBIT) 4.7%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 41 out of 100 (medium confidence).
What moves the price
The share trades about 26% below its 52-week high and 19% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Real Estate peers we cover trades at 54% fair-value upside, at 38%, 6212 screens richer than that median.
Fair Value models
Bear 30.55 TWDFair Value 44.38 TWDBull 59.08 TWD
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single model. Based on fiscal year 2025 figures (about 9 months old). Earnings retained since then (1.48 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.Evidence ⓘEvidence = 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.55/100
Spin-off in 2024: revenue and profit before it include the divested business. Growth is measured afresh from 2024.
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. Basis: EBIT basis. 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.
+15.1%
Earnings growth per share plus dividend.
Earnings per share, growth per year+3.7%
Dividend (yield on the price)11.4%
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.13% → 31%
Compare LI Ming Development Construction 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 · 577 stocks
Beats the industry median on 8/12 measures
Overall it ranks above its industry peers.
Valuation
Quality Score54 · Above median
Fair Value upside+37% · Above median
Profitability
Return on equity (TTM)6% · Above median
Return on assets2% · Above median
Net margin (TTM)19% · Above median
Operating margin (TTM)30% · Top 25%
Growth and dividend
Revenue growth1% · Above median
Dividend yield (TTM)11.4% · Top 25%
Valuation Multiplesvs Real Estate - Development median · lower = cheaper
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Cite: Fair Value Calculator (2026). "LI Ming Development Construction Co Ltd Fair Value". https://www.fairvalue-calculator.com/stock/6212
Frequently asked questions
Is LI Ming Development Construction Co Ltd (6212) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of 44.38 TWD versus a price of 32.10 TWD, about +38% upside (undervalued).
What is the fair value of 6212?
Our model-based fair value for LI Ming Development Construction Co Ltd is 44.38 TWD (as of Sep 24, 2026), built from audited fundamentals. The current price: 32.10 TWD.
What is the quality score of 6212?
LI Ming Development Construction Co Ltd has a Quality Score of 53/100. 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 LI Ming Development Construction Co Ltd (6212)?
Our model-based price target is the fair value of 44.38 TWD (as of Sep 24, 2026) from 9 valuation models. Cautious scenario 30.55 TWD, optimistic scenario 59.08 TWD. It is a calculation from audited fundamentals, not an analyst target.
What is the LI Ming Development Construction Co Ltd stock forecast for 2026?
Our models put fair value at 44.38 TWD, about +38% upside versus a price of 32.10 TWD (undervalued). Cautious scenario 30.55 TWD, optimistic scenario 59.08 TWD. The calculation is refreshed regularly with new filings.
What is the revenue of LI Ming Development Construction Co Ltd (6212)?
LI Ming Development Construction Co Ltd reported trailing-twelve-month revenue of about 1.1B TWD (latest available figure, as of Sep 24, 2026).
Does LI Ming Development Construction Co Ltd pay a dividend?
LI Ming Development Construction Co Ltd currently shows a dividend yield of about 11.38% relative to its recent price (as of Sep 24, 2026).
What is the intrinsic value of LI Ming Development Construction Co Ltd (6212)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For LI Ming Development Construction Co Ltd it is 44.38 TWD per share (as of Sep 24, 2026), against a price of 32.10 TWD. It is the blended result of 9 valuation models (cash flow, earnings, asset, dividend).
Is LI Ming Development Construction Co Ltd stock overvalued or undervalued in 2026?
As of Sep 24, 2026, 6212 trades below its calculated fair value: price 32.10 TWD, fair value 44.38 TWD, a gap of about +38% (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 6212?
No. The price is what the market pays today (32.10 TWD); the fair value is what the company's own numbers justify (44.38 TWD). For LI Ming Development Construction Co Ltd the two are 12.28 TWD per share apart. That gap is exactly why we show both numbers side by side.
How much is LI Ming Development Construction Co Ltd worth?
The market values LI Ming Development Construction Co Ltd at about 3.3B TWD (market capitalisation, as of Sep 24, 2026). Per share that is 32.10 TWD; our models calculate a fair value of 44.38 TWD per share.
What do the bullish and bearish scenarios say about 6212?
Our models span a range for LI Ming Development Construction Co Ltd: cautious scenario 30.55 TWD, base 44.38 TWD, optimistic 59.08 TWD per share (as of Sep 24, 2026, price 32.10 TWD). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 6212?
LI Ming Development Construction Co Ltd trades at a price-to-earnings ratio of 15.9 (as of Sep 24, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 44.38 TWD is built from several models across several years. Other multiples: P/B 0.9, P/S 3.1, EV/EBITDA 10.4.
How solid is the balance sheet of LI Ming Development Construction Co Ltd (6212)?
Balance-sheet figures for LI Ming Development Construction Co Ltd (as of Sep 24, 2026): return on equity 5.5%. They feed the Quality Score of 53/100, which measures business quality independently of the share price.
How far is 6212 from its 52-week high?
LI Ming Development Construction Co Ltd trades at 32.10 TWD, about 26% below its 52-week high of 43.30 TWD and 19% above the low of 27.05 TWD (as of Sep 24, 2026). Distance from the high says nothing about value: that is what the fair value of 44.38 TWD is for.
Which stocks are comparable to LI Ming Development Construction Co Ltd?
From the same area (Real Estate) we also value Sun Hung Kai Properties Limited, China Resources Land Limited, Vinhomes Joint Stock Company, CK Asset Holdings, 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 LI Ming Development Construction Co Ltd stock attractive at the current price?
The data as of Sep 24, 2026: price 32.10 TWD, calculated fair value 44.38 TWD (+38%), Quality Score 53/100, 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 6212 calculated?
We run LI Ming Development Construction Co Ltd through 9 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of 44.38 TWD, 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 13.2 % above its aggregate fair value. LI Ming Development Construction Co Ltd currently trades 38 % 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 LI Ming Development Construction Co Ltd (6212)?
The closing price on Sep 24, 2026 was 32.10 TWD. Our model-based fair value is 44.38 TWD, about +38% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with LI Ming Development Construction Co Ltd right now?
Solid quality (53/100) at a price below fair value, the discount is the argument here, not the business quality. A fairly wide model range (30.55 TWD to 59.08 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.
Key figures of LI Ming Development Construction Co Ltd
How large is the market capitalisation of LI Ming Development Construction Co Ltd (6212)?
The market capitalisation of LI Ming Development Construction Co Ltd is 3.3B TWD (≈ $103M). 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 LI Ming Development Construction Co Ltd (6212)?
The price-to-sales ratio of LI Ming Development Construction Co Ltd is 3.79 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of LI Ming Development Construction Co Ltd (6212)?
Earnings per share at LI Ming Development Construction Co Ltd are 2.02 TWD (price ÷ EPS = P/E 15.9). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of LI Ming Development Construction Co Ltd (6212)?
The dividend yield of LI Ming Development Construction Co Ltd is 11.4% (payout 181%). 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 LI Ming Development Construction Co Ltd (6212)?
The net margin of LI Ming Development Construction Co Ltd is 23.8% (fiscal year 2025). 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 LI Ming Development Construction Co Ltd (6212)?
The return on equity (ROE) of LI Ming Development Construction Co Ltd is 5.5% (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 LI Ming Development Construction Co Ltd (6212)?
On an EBIT basis the return on assets of LI Ming Development Construction Co Ltd is 4.7% (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 LI Ming Development Construction Co Ltd (6212)?
The operating margin of LI Ming Development Construction Co Ltd is 30.4% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at LI Ming Development Construction Co Ltd (6212)?
Revenue at LI Ming Development Construction Co Ltd is growing +0.9% versus a year earlier (3y avg +11.3%). 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 LI Ming Development Construction Co Ltd (6212)?
Earnings per share at LI Ming Development Construction Co Ltd are growing −10.9% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does LI Ming Development Construction Co Ltd (6212) generate?
The free cash flow of LI Ming Development Construction Co Ltd is −331M 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 LI Ming Development Construction Co Ltd (6212) carry?
The net debt of LI Ming Development Construction Co Ltd is 6.6B 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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