DA-LI DEVELOPMENT Co., Ltd. (6177) AI Stock Analysis

DA-LI DEVELOPMENT Co., Ltd.

(TWSE:6177)

Select Model

Rating:63Neutral

Price Target:TWD 45.00▲(4.65% Upside)

Action:initiatedcoverage

Date:11/10/26

Overall, strong profitability and attractive valuation are outweighed by negative cash flow, elevated leverage, and weak technical momentum. The result is a moderate stock score with cash conversion and trend weakness as the primary risks.

Positive Factors

Revenue ReboundReported revenue growth of 93.9% indicates a strong recent rebound in activity and earnings capacity. If sustained through project deliveries, this momentum can rebuild operating scale and support internally funded growth, although development timing remains relevant.

Negative Factors

Elevated LeverageDebt-to-equity of about 2.1x leaves the company sensitive to property-cycle conditions and financing costs. Although leverage has improved from earlier peaks, the remaining burden can limit financial flexibility and increase pressure during weaker development or sales periods.

DA-LI DEVELOPMENT Co., Ltd. (6177) vs. SPDR S&P 500 ETF (SPY)

Market Cap: TWD 20.41B
Dividend Yield: 6.98%
Average Volume (3M): 1.43M
Price to Earnings (P/E): 4.7
Beta (1Y): 0.31
Revenue Growth: 87.69%
EPS Growth: 186.00%
Country: TW
Employees: 250
Sector: General
Sector Strength: 55
Industry: Real Estate - Development

DA-LI DEVELOPMENT Co., Ltd. Business Overview & Revenue Model

Company Description

Established in 1977 and headquartered in Taipei, Taiwan, Da-Li Development Co.,Ltd. operates as a comprehensive and multifaceted real estate firm. The company specializes in both the investment and development of various property types, with a notabl...

DA-LI DEVELOPMENT Co., Ltd. Financial Statement Overview

Summary

Strong 2025 profitability and improving leverage support the score, but elevated debt, declining return on equity, revenue volatility, and negative operating and free cash flow materially reduce financial quality.

Income Statement

78Positive

Balance Sheet

62Positive

Cash Flow

42Neutral

Financial statement breakdown
Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	16.99B	9.77B	12.32B	15.43B	8.59B	10.08B
Gross Profit	6.41B	3.08B	4.04B	3.91B	2.37B	2.62B
EBITDA	5.36B	2.39B	3.09B	2.87B	1.69B	1.81B
Net Income	4.29B	1.80B	2.15B	2.07B	1.20B	1.56B
Balance Sheet
Total Assets	46.75B	42.72B	39.81B	35.08B	37.53B	37.57B
Cash, Cash Equivalents and Short-Term Investments	1.49B	1.62B	1.31B	2.30B	632.52M	414.20M
Total Debt	25.05B	23.09B	22.25B	17.65B	22.27B	23.73B
Total Liabilities	34.47B	31.46B	29.48B	25.82B	30.06B	30.36B
Stockholders Equity	12.00B	10.99B	10.05B	8.98B	7.28B	7.07B
Cash Flow
Free Cash Flow	1.78B	-326.42M	-3.40B	6.16B	2.70B	-2.77B
Operating Cash Flow	1.78B	-322.82M	-3.39B	6.16B	2.78B	-2.76B
Investing Cash Flow	85.39M	195.05M	-86.27M	457.79M	-168.97M	-268.70M
Financing Cash Flow	-1.51B	-25.01M	2.35B	-4.95B	-2.71B	2.93B

DA-LI DEVELOPMENT Co., Ltd. Peers Comparison

Overall Rating

UnderperformOutperform

Sector (55)

Financial Indicators

TW:6177 against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
TW:2535	69Neutral	TWD 22.94B	8.79	―	5.12%	36.46%	95.03%
TW:6177	63Neutral	TWD 20.19B	4.75	―	6.98%	87.69%	186.00%
TW:2530	56Neutral	TWD 15.35B	27.01	―	6.70%	-59.46%	-71.61%
Sector *	55Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%
TW:2520	52Neutral	TWD 19.79B	9.53	―	4.96%	12.79%	-1.84%
TW:5213	49Neutral	TWD 14.98B	11.69	―	14.40%	-32.16%	-55.65%
TW:2515	41Neutral	TWD 18.32B	22.48	―	―	1.46%	4.78%

* General Sector Average

Performance Comparison

TW:6177 and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
TW:6177	DA-LI DEVELOPMENT Co., Ltd.	43.00	0.09	0.20%
TW:2515	BES Engineering Corp.	10.50	-5.21	-33.17%
TW:2520	Kindom Development Co., Ltd.	32.60	0.80	2.53%
TW:2530	Delpha Construction Co., Ltd.	18.05	-8.59	-32.25%
TW:2535	Da-Cin Construction Co., Ltd.	89.80	30.73	52.03%
TW:5213	YeaShin International Development Co. Ltd.	19.45	-1.73	-8.16%

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

DA-LI DEVELOPMENT Co., Ltd. AI Stock Analysis