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2536.TW$19.65-0.51%
Fair $19.65+0.0%

2536.TW

Hong Pu Real Estate Development Co., Ltd.

Real Estate / Real Estate - DevelopmentTaiwan

$19.65

-0.10 (-0.51%)

Fairly Valued+0.0%Fair Value $19.65Fund rank 26/100 · Data gapFallback financials|
SA 32/D
F-Score: 6/9

Book/ROE base 3Y

n/d

n/d CAGR · P/B n/d

Book/ROE base 5Y

n/d

n/d base · n/d expected

Precio de entrada

n/d

MOS 100% · confianza 20%

Book/ROE escenarios

weak_data · book/share n/d · quality 7.0/100

Data gap 26/100
Bear 5Yn/dn/d
Base 5Yn/dn/d
Bull 5Yn/dn/d
Return 0/100Downside 20/100Model quality 27/100Data QA 20/100

Ranking barato/determinista: CAGR esperado 5Y + downside bear + calidad del modelo + balance + capital allocation + data gate. No entra en buy-candidate si la data es débil o el CAGR 5Y no compensa.

Quality + valuation scorecard

SA Score

32/100

D

Piotroski

6/9

balance/quality

Valuation

50/100

+0.0% upside

5Y CAGR

+0.0%

50/100

Data QA

16/100

SEC 0%

Latest source: unknownPeriods: 4Warnings: 0unknown: 4
No SEC-backed annual rows; valuation uses fallback financial data. Sector-specific NAV/AFFO model required: REIT/real-estate targets are disabled until FFO/AFFO/NAV/cap-rate data exists. REIT NAV/AFFO valuation requires positive AFFO/share history or TTM AFFO/share; generic FCF remains disabled.
Thesis & Journal · 2536.TWLocal privado en este navegador · Hong Pu Real Estate Development Co., Ltd.
Plantilla tipo buy-side: tesis, bull/base/bear, catalizadores, riesgos, kill criteria y fecha de revisión. Esto no gasta GPT-5.5; luego lo usamos como contexto del memo.

Sin guardar todavía.

Market Cap

$6.5B

P/E

6.2x

↓

EV/EBITDA

13.8x

↑

ROE

8.4%

↑

Gross Margin

21.1%

↓

Debt/Equity

1.50

↑
52-Week Range$20
$19$31

TradingView lightweight chart

2536.TW price, volumen y niveles de valoración

Último $19.65Periodo +172.7%
Fair value: $19.65

Price & Ratios

Absolute Values (Left Axis)

Ratios / Percentages (Right Axis)

Financial statement dashboard

Crecimiento, márgenes y provenance

2022–2025 · 3 años de histórico normalizado

Revenue CAGR

+148.2%

FCF CAGR

—

FCF margin

60.1%

FCF / Net income

5.92x

Latest source

Provider fallback

Margin decomposition

Último año: revenue $10.46B · net income $1.06B · FCF $6.28B

2022-FY → 2025-FY

Gross margin

21.1%-34.6% pts

Operating margin

15.1%-28.5% pts

Net margin

10.1%+18.0% pts

FCF margin

60.1%+555.4% pts
MetricTTM
2025
2024
2023
2022
Income Statement
Revenue$10.46B$10.46B$2.45B$3.23B$684.4M
Net Income$1.06B$1.06B$204.1M$231.0M$-54.0M
EBITDA$1.67B$1.67B$577.5M$726.0M$388.0M
EPS——0.610.69-0.16
Gross Margin21.1%21.1%22.7%28.1%55.7%
Operating Margin15.1%15.1%12.6%20.8%43.6%
Net Margin10.1%10.1%8.3%7.1%-7.9%
Balance Sheet
Debt/Equity1.501.502.032.021.96
Current Ratio1.611.61———
Cash Flow
Free Cash Flow$6.28B$6.28B$-239.0M$351.4M$-3.39B
Returns
ROE8.4%8.4%1.7%2.0%-0.5%
Valuation
P/E6.186.1852.7044.20—
EV/EBITDA13.7713.7757.5345.1377.74
P/B0.520.520.910.870.64
Growth & Yield
Revenue Growth327.0%327.0%-24.2%372.4%—
EPS Growth——-11.6%531.3%—
Dividend Yield2.5%2.5%———

Revenue, Net Income & Free Cash Flow ($B)

Margins (%)

Returns (%)

Leverage & Liquidity

Reverse DCF · market-implied EPS growthterminal P/E 15.0x · COE 10.0%
Reverse DCF requires positive EPS; loss-making or zero-EPS companies cannot produce a clean EPS hurdle.

Qué te dice: cuánto EPS CAGR está descontando el precio si sales al múltiplo terminal indicado. Si el growth observado queda por debajo, el mercado está pidiendo una ejecución muy fina.

Return attribution · 1Y approxreconcilia total -32.0%

Total return

-32.0%

Start / end P/E

n/dx → n/dx

EPS bridge

0.61 → n/d

Residual

-34.5%

EPS growthn/d
Multiple reratingn/d
Dividend+2.5%
Residual / FX / buybacks / cross-term-34.5%

EPS/multiple decomposition requires positive EPS at both endpoints; residual absorbs price move not explained by dividends.

Simple additive decomposition: total return = EPS growth contribution + P/E multiple contribution + dividend contribution + explicit residual. The residual captures cross-terms, buybacks/share-count effects, FX, special dividends, data noise and methodology mismatch so the bridge always reconciles.