Hua Yu Lien Development Co., Ltd. (1436) AI Stock Analysis

Hua Yu Lien Development Co., Ltd.

(TWSE:1436)

Select Model

Rating:49Neutral

Price Target:TWD 34.00▲(3.34% Upside)

Action:initiatedcoverage

Date:11/09/26

Weak financial performance driven by negative cash flows and high leverage, together with bearish technical signals, are the dominant factors capping the score. Attractive valuation offers partial offset but does not overcome the core risks.

Positive Factors

Strong ProfitabilityThe latest annual period combines approximately 50% gross margins with 25% net margins, showing meaningful earnings conversion from development activity. This profitability provides internal capacity to support operations, absorb project variability, and preserve economic value across the next several quarters.

Negative Factors

Persistent Negative Cash FlowNegative operating and free cash flow across 2023–2025 shows that reported profits have not translated consistently into cash. Persistent outflows can increase reliance on financing, reduce flexibility for new projects, and heighten liquidity pressure if development sales or project timing weaken.

Hua Yu Lien Development Co., Ltd. (1436) vs. SPDR S&P 500 ETF (SPY)

Market Cap: TWD 6.29B
Dividend Yield: 15.34%
Average Volume (3M): 141.86K
Price to Earnings (P/E): -193.5
Beta (1Y): 0.19
Revenue Growth: -78.07%
EPS Growth: -99.85%
Country: TW
Employees: 18
Sector: General
Sector Strength: 55
Industry: Real Estate - Development

Hua Yu Lien Development Co., Ltd. Business Overview & Revenue Model

Company Description

Hua Yu Lien Development Co., Ltd., with its headquarters located in Taipei City, Taiwan, is primarily involved in the construction, leasing, and selling of residential properties and buildings across the nation. Beyond its core real estate operations...

Hua Yu Lien Development Co., Ltd. Financial Statement Overview

Summary

Volatile revenues and peak margins are offset by elevated leverage above 1.7x and chronically negative operating cash flows in five of six years.

Income Statement

58Neutral

Balance Sheet

42Neutral

Cash Flow

25Negative

Financial statement breakdown
Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	2.72B	3.89B	6.96B	1.63B	3.94B	2.58B
Gross Profit	1.37B	1.95B	3.58B	1.37B	1.26B	855.82M
EBITDA	931.95M	1.46B	2.99B	1.14B	904.96M	583.16M
Net Income	548.42M	973.25M	2.33B	945.94M	630.64M	486.38M
Balance Sheet
Total Assets	20.96B	21.67B	19.09B	15.07B	13.05B	13.69B
Cash, Cash Equivalents and Short-Term Investments	2.10B	3.78B	2.15B	1.67B	1.44B	1.43B
Total Debt	12.34B	13.24B	10.68B	9.56B	8.38B	9.28B
Total Liabilities	14.68B	14.73B	12.77B	11.13B	9.77B	10.67B
Stockholders Equity	5.55B	6.50B	6.14B	3.82B	3.28B	3.02B
Cash Flow
Free Cash Flow	69.35M	-79.12M	-312.49M	-1.07B	1.63B	-1.35B
Operating Cash Flow	75.70M	-72.56M	-312.41M	-1.07B	1.63B	-1.35B
Investing Cash Flow	363.56M	236.91M	-105.69M	-38.12M	-16.10M	40.73M
Financing Cash Flow	-1.60B	1.86B	1.16B	848.57M	-1.24B	1.45B

Hua Yu Lien Development Co., Ltd. Peers Comparison

Overall Rating

UnderperformOutperform

Sector (55)

Financial Indicators

TW:1436 against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
TW:6186	67Neutral	TWD 6.18B	5.39	―	17.86%	-36.90%	-38.48%
TW:2505	65Neutral	TWD 6.57B	5.07	―	5.76%	179.05%	102.73%
Sector *	55Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%
TW:2534	51Neutral	TWD 7.05B	156.32	―	10.27%	-78.07%	-96.57%
TW:1436	49Neutral	TWD 6.58B	-193.53	―	15.34%	-78.07%	-99.85%
TW:5525	49Neutral	TWD 6.49B	5.43	―	5.66%	235.09%	662.07%
TW:5531	39Underperform	TWD 5.87B	55.18	―	―	-72.62%	-9.86%

* General Sector Average

Performance Comparison

TW:1436 and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
TW:1436	Hua Yu Lien Development Co., Ltd.	32.90	-22.90	-41.04%
TW:2505	Kuo Yang Construction Co., Ltd.	17.35	-0.61	-3.37%
TW:2534	Hung Sheng Construction Co., Ltd.	14.60	-4.22	-22.42%
TW:5525	Sweeten Real Estate Development Co. Ltd.	21.20	-5.59	-20.87%
TW:5531	Shining Building Business Co. Ltd.	6.17	-3.00	-32.72%
TW:6186	Shin Ruenn Development Co., Ltd	27.05	-23.37	-46.35%

Glossary

BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.

Date of analysis: Nov 09, 2026

Hua Yu Lien Development Co., Ltd. AI Stock Analysis