Kunyue Development Co., Ltd. AI Stock Analysis
Kunyue Development Co., Ltd. (5206) AI Stock Analysis
Kunyue Development Co., Ltd.
(TPEx:5206)
The score is held back primarily by financial risk: despite strong revenue and profit growth with multi-year-high margins, the company carries about 2.9x debt-to-equity and has burned cash in five of the last six years, leaving it dependent on borrowing and refinancing. Technicals add to the caution, with the price below its 20-, 50- and 200-day averages and negative MACD momentum. The offsetting positive is valuation — a 3.6x P/E and 4.5% dividend yield are compelling if the company converts its large project inventory into cash deliveries on schedule. Overall, a cheap but higher-risk, cyclical developer profile.
Kunyue Development Co., Ltd. (5206) vs. SPDR S&P 500 ETF (SPY)
- Market Cap
- TWD 4.65B
- Dividend Yield
- 4.33%
- Average Volume (3M)
- 202.42K
- Price to Earnings (P/E)
- 3.7
- Beta (1Y)
- 0.36
- Revenue Growth
- 20.26%
- EPS Growth
- 89.58%
- Country
- TW
- Employees
- 72
- Sector
- General
- Sector Strength
- 55
- Industry
- Real Estate - Development
Kunyue Development Co., Ltd. Business Overview & Revenue Model
Company Description
Established in 1975 and situated in Taichung, Taiwan, Kunyue Development Co., Ltd. focuses on comprehensive real estate development and ongoing property maintenance. The company's activities span from initial land preparation and building constructio...
Kunyue Development Co., Ltd. Financial Statement Overview
Summary
Mixed quality. The income statement is the bright spot (score 64): revenue jumped roughly 55% to NT$3.78bn, net profit rose about 83% to NT$590m, and margins hit multi-year highs (gross ~32%, net 15.6%) with ROE near 16%. However, the balance sheet (score 36) is stretched, with NT$10.87bn of debt against NT$3.69bn of equity (~2.9x) and equity funding only ~21% of assets after years of rising leverage. Cash flow (score 21) is the weakest link, with operating and free cash flow of roughly -NT$1.25bn and negative operating cash flow in five of the last six years, meaning reported profits are not cash-backed and growth is debt-financed. Earnings are also lumpy, including an outright loss in 2022.
Income Statement
64PositiveBalance Sheet
36NegativeCash Flow
21Negative| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 2.39B | 3.78B | 2.44B | 3.37B | 396.95M | 1.93B |
| Gross Profit | 950.83M | 1.20B | 788.70M | 852.45M | 91.99M | 320.36M |
| EBITDA | 625.46M | 752.50M | 451.92M | 449.29M | -88.24M | 108.08M |
| Net Income | 495.12M | 590.00M | 321.74M | 358.23M | -104.31M | 83.47M |
Balance Sheet | ||||||
| Total Assets | 17.59B | 17.48B | 15.85B | 12.17B | 11.73B | 9.58B |
| Cash, Cash Equivalents and Short-Term Investments | 1.18B | 1.80B | 757.30M | 1.05B | 1.06B | 435.34M |
| Total Debt | 9.57B | 10.87B | 9.66B | 7.19B | 7.16B | 5.45B |
| Total Liabilities | 13.49B | 13.79B | 12.67B | 9.11B | 8.95B | 6.62B |
| Stockholders Equity | 4.10B | 3.69B | 3.18B | 3.06B | 2.78B | 2.96B |
Cash Flow | ||||||
| Free Cash Flow | -2.31B | -1.26B | -2.18B | 204.34M | -782.94M | -1.03B |
| Operating Cash Flow | -2.31B | -1.25B | -2.17B | 204.91M | -782.78M | -1.03B |
| Investing Cash Flow | 373.74M | 267.03M | -467.76M | -144.71M | -193.17M | -229.64M |
| Financing Cash Flow | 1.45B | 1.13B | 2.34B | -69.36M | 1.60B | 929.99M |
Kunyue Development Co., Ltd. Peers Comparison
Overall Rating
TW:552079Outperform
TW:318861Neutral
TW:490752Neutral- TW:520652Neutral
TW:326651Neutral
TW:552339Underperform
Financial Indicators
| Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
| TW:5520 | 79Outperform | TWD 4.91B | 8.62 | ― | 8.55% | -2.83% | -6.29% |
| TW:3188 | 61Neutral | TWD 4.07B | 3.03 | ― | 14.86% | 460.94% | 448.37% |
| Sector * | 55Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% |
| TW:4907 | 52Neutral | TWD 4.73B | 5.56 | ― | 3.75% | -16.37% | 73.98% |
| TW:5206 | 52Neutral | TWD 4.54B | 3.71 | ― | 4.33% | 20.26% | 89.58% |
| TW:3266 | 51Neutral | TWD 4.77B | 28.73 | ― | 3.69% | -46.16% | -65.52% |
| TW:5523 | 39Underperform | TWD 4.67B | -265.87 | ― | 1.66% | -25.53% | -403.43% |
* General Sector Average
Performance Comparison
| Show on chart | Ticker | Company Name | Price | Change | % Change |
|---|---|---|---|---|---|
| TW:5206 | Kunyue Development Co., Ltd. | 22.60 | -7.15 | -24.03% | |
| TW:3188 | Golden Long Teng Development Co. Ltd. | 21.50 | -4.41 | -17.00% | |
| TW:3266 | Sunty Development Co. Ltd. | 13.55 | 0.49 | 3.72% | |
| TW:4907 | Fu Yu Property Co. Ltd. | 40.00 | 2.83 | 7.62% | |
| TW:5520 | Lihtai Construction Enterprise Co., Ltd. | 81.90 | -1.87 | -2.23% | |
| TW:5523 | Fong Chien Construction Co., Ltd. | 30.15 | 0.69 | 2.36% |
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