Farglory Land Development Co. Ltd. (5522) AI Stock Analysis

Farglory Land Development Co. Ltd.

(TWSE:5522)

Select Model

Rating:70Outperform

Price Target:TWD 63.00▲(12.30% Upside)

Action:initiatedcoverage

Date:11/10/26

Strong profitability, a sound balance sheet, low valuation, and a high dividend yield support the score. These strengths are offset by volatile cash generation and clearly weak technical momentum, producing an overall score of 70.

Positive Factors

Strong ProfitabilityStrong margins demonstrate meaningful earnings power for a property developer and provide room to absorb project costs while funding future activity. The 2025 EBIT and net margins also indicate that the latest recovery was profitable, not merely revenue-driven, supporting resilience over coming quarters.

Negative Factors

Earnings VolatilityLarge swings in revenue and profit make results difficult to forecast because performance depends on project completion and sales timing. This volatility can produce uneven earnings across reporting periods, complicate capital planning, and reduce confidence that the latest strong results will persist consistently through the next development cycle.

Farglory Land Development Co. Ltd. (5522) vs. SPDR S&P 500 ETF (SPY)

Market Cap: TWD 44.00B
Dividend Yield: 11.59%
Average Volume (3M): 717.58K
Price to Earnings (P/E): 5.6
Beta (1Y): 0.12
Revenue Growth: 163.53%
EPS Growth: 445.08%
Country: TW
Employees: 330
Sector: General
Sector Strength: 55
Industry: Real Estate - Development

Farglory Land Development Co. Ltd. Business Overview & Revenue Model

Company Description

Farglory Land Development Co., Ltd. is a prominent Taiwanese construction and development firm. Its core activities include the construction, leasing, and sale of both private residential and commercial properties. Beyond private sector projects, the...

Farglory Land Development Co. Ltd. Financial Statement Overview

Summary

Profitability is strong, supported by 115.8% 2025 revenue growth, a 34.2% gross margin, and an 18.7% net margin. The balance sheet is generally sound, but cash flow is volatile and operating cash flow coverage remains low.

Income Statement

80Positive

Balance Sheet

76Positive

Cash Flow

62Positive

Financial statement breakdown
Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Mar 2023	Dec 2021
Income Statement
Total Revenue	38.72B	31.15B	22.40B	21.84B	26.58B	33.14B
Gross Profit	13.43B	10.65B	7.09B	6.57B	9.24B	11.16B
EBITDA	10.30B	7.96B	4.75B	4.89B	7.43B	8.42B
Net Income	7.84B	5.83B	3.37B	3.72B	5.51B	6.08B
Balance Sheet
Total Assets	109.00B	109.26B	103.34B	96.14B	95.58B	95.12B
Cash, Cash Equivalents and Short-Term Investments	8.14B	11.96B	9.84B	8.02B	15.34B	18.31B
Total Debt	36.72B	37.39B	37.40B	33.62B	33.79B	30.75B
Total Liabilities	61.33B	58.76B	56.98B	50.67B	50.78B	50.76B
Stockholders Equity	47.67B	50.50B	46.36B	45.47B	44.81B	44.36B
Cash Flow
Free Cash Flow	9.94B	7.83B	-3.41B	1.55B	585.11M	7.97B
Operating Cash Flow	9.98B	7.85B	-3.32B	1.63B	699.44M	8.08B
Investing Cash Flow	-901.35M	-585.71M	1.33B	-2.95B	-523.63M	1.20B
Financing Cash Flow	-5.43B	-1.65B	333.30M	-3.11B	-2.27B	-5.61B

Farglory Land Development Co. Ltd. Peers Comparison

Overall Rating

UnderperformOutperform

Sector (55)

Financial Indicators

TW:5522 against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
TW:2597	73Outperform	TWD 50.96B	14.06	―	5.90%	19.74%	24.12%
TW:2539	71Outperform	TWD 42.87B	9.01	―	2.04%	-19.68%	-27.30%
TW:5522	70Outperform	TWD 43.85B	5.58	―	11.59%	163.53%	445.08%
TW:2548	68Neutral	TWD 31.37B	7.68	―	7.76%	330.96%	810.71%
Sector *	55Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%
TW:1808	52Neutral	TWD 27.59B	6.13	―	8.09%	7156.51%	―
TW:2540	40Underperform	TWD 41.29B	-5602.56	―	13.73%	-12.51%	8.08%

* General Sector Average

Performance Comparison

TW:5522 and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
TW:5522	Farglory Land Development Co. Ltd.	56.10	6.12	12.25%
TW:1808	Run Long Construction Co., Ltd.	30.90	-4.67	-13.14%
TW:2539	Sakura Development Co., Ltd.	29.45	-9.16	-23.72%
TW:2540	JSL Construction & Development Co., Ltd.	43.70	0.55	1.27%
TW:2548	Huaku Development Co., Ltd.	93.50	4.04	4.51%
TW:2597	Ruentex Engineering & Construction Co. Ltd.	164.00	13.85	9.23%

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 10, 2026

Farglory Land Development Co. Ltd. AI Stock Analysis