Sweeten Real Estate Development Co. Ltd. (5525) AI Stock Analysis

Sweeten Real Estate Development Co. Ltd.

(TWSE:5525)

Select Model

Rating:49Neutral

Price Target:TWD 21.00▼(-0.94% Downside)

Action:initiatedcoverage

Date:11/10/26

The score is primarily constrained by weak cash generation, elevated leverage, declining earnings momentum, and bearish technical positioning. Attractive valuation and dividend yield provide meaningful support, but they do not offset the company’s financial and market risks.

Positive Factors

Strong Recent ProfitabilityStrong 2025 gross and net margins indicate that successful project execution can generate meaningful profitability. If these margins remain achievable across future developments, they can support internal funding, strengthen returns, and provide resilience during a cyclical property market.

Negative Factors

Elevated LeverageDebt materially exceeds equity, leaving the company more exposed to weaker property conditions and project delays. Rising debt further reduces financial flexibility, increases the importance of successful asset sales, and can constrain future development or shareholder capital allocation.

Sweeten Real Estate Development Co. Ltd. (5525) vs. SPDR S&P 500 ETF (SPY)

Market Cap: TWD 6.50B
Dividend Yield: 5.66%
Average Volume (3M): 83.58K
Price to Earnings (P/E): 5.4
Beta (1Y): 0.29
Revenue Growth: 235.09%
EPS Growth: 662.07%
Country: TW
Employees: 193
Sector: General
Sector Strength: 55
Industry: Real Estate - Development

Sweeten Real Estate Development Co. Ltd. Business Overview & Revenue Model

Company Description

Sweeten Real Estate Development Co.,Ltd. is a Taiwanese firm specializing in the development, construction, leasing, and sale of a broad spectrum of properties, including residential, commercial, and industrial projects. Its operations further extend...

Sweeten Real Estate Development Co. Ltd. Financial Statement Overview

Summary

Profitability remains solid, but declining revenue and net income, high leverage, lower return on equity, and sharply negative operating and free cash flow substantially weaken the financial profile.

Income Statement

67Positive

Balance Sheet

48Neutral

Cash Flow

25Negative

Financial statement breakdown
Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	5.92B	2.29B	4.52B	5.02B	5.41B	777.71M
Gross Profit	2.09B	896.98M	1.22B	1.37B	1.24B	221.66M
EBITDA	1.66B	594.21M	865.53M	995.14M	880.98M	48.04M
Net Income	1.19B	428.84M	592.39M	677.69M	609.78M	-56.61M
Balance Sheet
Total Assets	19.18B	21.02B	17.29B	16.71B	17.03B	19.03B
Cash, Cash Equivalents and Short-Term Investments	511.46M	635.26M	101.39M	183.81M	368.46M	113.03M
Total Debt	8.57B	10.11B	8.13B	8.51B	8.98B	11.43B
Total Liabilities	13.25B	15.43B	11.89B	11.58B	12.16B	14.68B
Stockholders Equity	5.93B	5.58B	5.38B	5.11B	4.81B	4.28B
Cash Flow
Free Cash Flow	1.84B	-1.32B	696.60M	987.66M	2.63B	-1.58B
Operating Cash Flow	1.85B	-1.32B	700.60M	992.86M	2.64B	-1.58B
Investing Cash Flow	-7.42M	-16.74M	-9.34M	-7.54M	-6.67M	-6.30M
Financing Cash Flow	-1.50B	1.75B	-773.68M	-1.17B	-2.37B	1.53B

Sweeten Real Estate Development Co. Ltd. Peers Comparison

Overall Rating

UnderperformOutperform

Sector (55)

Financial Indicators

TW:5525 against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
TW:2505	65Neutral	TWD 6.57B	5.07	―	5.76%	179.05%	102.73%
TW:2536	63Neutral	TWD 5.92B	4.22	―	11.33%	86.45%	163.81%
Sector *	55Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%
TW:1436	55Neutral	TWD 6.58B	-193.53	―	15.34%	-78.07%	-99.85%
TW:2534	51Neutral	TWD 7.05B	156.32	―	10.27%	-78.07%	-96.57%
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:5525 and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
TW:5525	Sweeten Real Estate Development Co. Ltd.	21.20	-5.69	-21.15%
TW:1436	Hua Yu Lien Development Co., Ltd.	32.90	-23.79	-41.97%
TW:2505	Kuo Yang Construction Co., Ltd.	17.35	-0.56	-3.12%
TW:2534	Hung Sheng Construction Co., Ltd.	14.60	-4.45	-23.36%
TW:2536	Hong Pu Real Estate Development CO LTD	17.65	-6.17	-25.90%
TW:5531	Shining Building Business Co. Ltd.	6.17	-3.02	-32.86%

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

Sweeten Real Estate Development Co. Ltd. AI Stock Analysis