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2596.TWO$29.05+4.31%
Fair $29.05+0.0%

2596.TWO

ReaLy Development & Construction Corp.

Real Estate / Real Estate - DevelopmentTaipei Exchange

$29.05

+1.20 (+4.31%)

Fairly Valued+0.0%Fair Value $29.05Fund rank 22/100 · Data gapFallback financials|
SA 35/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 15.0/100

Data gap 22/100
Bear 5Yn/dn/d
Base 5Yn/dn/d
Bull 5Yn/dn/d
Return 0/100Downside 20/100Model quality 8/100Data 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

35/100

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 · 2596.TWOLocal privado en este navegador · ReaLy Development & Construction Corp.
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

$2.9B

P/E

15.6x

↑

EV/EBITDA

19.4x

↑

ROE

8.8%

↑

Gross Margin

26.1%

↓

Debt/Equity

0.93

↑
52-Week Range$29
$26$40

TradingView lightweight chart

2596.TWO price, volumen y niveles de valoración

Último $29.05Periodo +77.5%
Fair value: $29.05

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

+46.5%

FCF CAGR

—

FCF margin

13.4%

FCF / Net income

0.94x

Latest source

Provider fallback

Margin decomposition

Último año: revenue $1.30B · net income $185.9M · FCF $174.1M

2022-FY → 2025-FY

Gross margin

26.1%-10.7% pts

Operating margin

17.5%-1.5% pts

Net margin

14.3%+0.2% pts

FCF margin

13.4%+145.0% pts
MetricTTM
2025
2024
2023
2022
Income Statement
Revenue$1.30B$1.30B$813.0M$913.0M$412.7M
Net Income$185.9M$185.9M$67.0M$82.3M$58.3M
EBITDA$241.6M$241.6M$100.9M$63.2M$85.0M
EPS——0.670.820.58
Gross Margin26.1%26.1%20.3%16.8%36.8%
Operating Margin17.5%17.5%10.0%6.1%19.0%
Net Margin14.3%14.3%8.2%9.0%14.1%
Balance Sheet
Debt/Equity0.930.931.140.560.41
Current Ratio1.511.51———
Cash Flow
Free Cash Flow$174.1M$174.1M$-1.10B$-347.0M$-543.2M
Returns
ROE8.8%8.8%3.3%4.0%2.8%
Valuation
P/E15.6215.6263.1332.9930.95
EV/EBITDA19.4519.4561.3356.9028.40
P/B1.381.382.091.320.87
Growth & Yield
Revenue Growth59.7%59.7%-11.0%121.2%—
EPS Growth——-18.3%41.4%—
Dividend Yield3.6%3.6%———

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 -19.8%

Total return

-19.8%

Start / end P/E

n/dx → n/dx

EPS bridge

0.67 → n/d

Residual

-23.4%

EPS growthn/d
Multiple reratingn/d
Dividend+3.6%
Residual / FX / buybacks / cross-term-23.4%

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.