Which companies are Hiyes International's closest peers?

The cockpit's peer set: Fastighets AB Trianon (TRIAN-B.ST), Shanghai DOBE Cultural & Creative Industry Development (Group) (300947.SZ), Hoosiers (3284.T), A-Living Smart City Services (3319.HK), Peach Property (PEAN.SW), Jinan High-tech Development (600807.SS), Kabuki-Za (9661.T), Maui Land & Pineapple (MLP).

Is Hiyes International expensive compared with its peers?

On forward p/e it trades at 5.6× against a peer median of 7.8×, 2nd cheapest of 6 in its peer set.

How has Hiyes International stock performed?

Over six months to 6 Nov 2026 the shares returned -11.2% against -11.2% for the median peer; over one year -25.6%.

← CockpitCompetitor Analysis › 2348.TW Hiyes International Co., Ltd.Open in the cockpit ↗

Hiyes International Co., Ltd.2348.TWCompetitor analysis, valuation and peers

Taiwan · TWD·Real Estate›Real Estate Development

Momentum neutral 57

Competitor Analysis ▸ Charts Open in the cockpit

Mkt cap

$308M

US dollars, full cap

Free float

90%

of shares outstanding

$/day

$792,091

20-day average traded

Fwd P/E

5.6×

forward earnings

ROIC−WACC

n/a

WACC 5.0%

Hurdle

n/a

no reverse DCF

Next earnings

10 days

16 Nov 2026

Close · TWDNT$63.90

1D-3.2%

1W-6.4%

1M-8.6%

3M-5.8%

6M-11.2%

YTD-20.9%

1Y-25.6%

ATR %2.8%

52w lowhigh28.6% off high

What Hiyes International does

Employees: 186

Hiyes International at a glance

Size Hiyes International (2348.TW) is a Taiwan Real Estate company (Real Estate Development) with a market value of $308M, the 648th largest of 687 Taiwan companies the cockpit tracks. Shares closed at NT$63.90 on 6 Nov 2026.

Performance Over six months the shares fell 11.2%, against -11.2% for the median peer and -3.4% for the Taiwan market (cap-weighted) — 10th lowest of 20 in its peer set.

Growth Revenue fell 23.7% over the last twelve months (peer median +3.1%); the operating margin is 19.2% (peer median 5.0%).

Valuation It trades at 5.6× forward earnings against a peer median of 7.8× (2nd cheapest of 6).

Next results Next results expected around 16 Nov 2026 (exchange calendar; dates can move).

Relative performance

Six months, rebased to 100: Hiyes International against the median of its 20 peers (local-currency closes).

Hiyes International financials

Reported figures in TWD; fiscal year ends 2025-12-31. TTM = trailing twelve months.
	TTM	FY2025	FY2024	FY2023	FY2022
Revenue	NT$7.22B	NT$7.35B	NT$10.2B	NT$7.75B	NT$5.09B
Revenue growth	—	-28%	+31%	+52%	—
Gross profit	NT$2.19B	NT$2.63B	NT$3.73B	NT$2.67B	NT$2.26B
EBITDA	NT$1.40B	NT$1.82B	NT$2.68B	NT$1.89B	NT$1.62B
Net income	NT$762M	NT$1.04B	NT$2.18B	NT$1.61B	NT$921M
Free cash flow	-NT$2.45B	-NT$1.71B	-NT$6.54B	NT$1.91B	-NT$1.54B
Capital expenditure	NT$871,000	NT$710,000	NT$18.5M	NT$8.20M	NT$6.25M
Total debt	NT$34.2B	NT$32.0B	NT$27.1B	NT$17.7B	NT$16.9B

Quarterly statements and history in the cockpit →

Hiyes International competitor charts

The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.

Performance: 6-month against 1-month return

Up and to the right = strong over both horizons. Hiyes International is the large dot.

Fundamentals: revenue growth against valuation

Further right = faster growth; higher = more expensive. The dashed lines are the peer medians. Hiyes International is the large dot.

Hiyes International competitors and peer comparison

How Hiyes International compares with its peers

Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.

Hiyes International against its 20 peers (data as of 6 Nov 2026)
Measure	2348.TW	Peer median	Rank in peer set
1-month return	-8.6%	-3.1%	6th lowest of 21
6-month return	-11.2%	-11.2%	10th lowest of 20
Distance from 52-week high	-28.6%	-31.8%	9th highest of 21
Revenue growth (TTM)	-23.7%	+3.1%	4th lowest of 20
Operating margin	19.2%	5.0%	6th highest of 20
Forward P/E	5.6×	7.8×	2nd cheapest of 6

Peer table

Peer set: Industry: the same industry and sector in any market, nearest in size
Company	Market	Market cap	6M return	Revenue growth	Op. margin	Forward P/E	Req g	Delivered g
Hiyes International 2348.TW	Taiwan	$308M	-11%	-24%	19%	5.6×	n/a	n/a
Fastighets AB Trianon TRIAN-B.ST	Sweden	$310M	-8%	+1%	58%	13.5×	n/a	n/a
Shanghai DOBE Cultural & Creative Industry Development (Group) 300947.SZ	China	$306M	-23%	-1%	5%	n/a	n/a	n/a
Hoosiers 3284.T	Japan	$310M	+3%	+56%	10%	6.8×	n/a	n/a
A-Living Smart City Services 3319.HK	Hong Kong	$311M	-22%	-3%	3%	3.5×	n/a	n/a
Peach Property PEAN.SW	Switzerland	$311M	-8%	+13%	32%	n/a	n/a	n/a
Jinan High-tech Development 600807.SS	China	$311M	-23%	+24%	-41%	n/a	n/a	n/a
Kabuki-Za 9661.T	Japan	$304M	-11%	+10%	9%	n/a	n/a	n/a
Maui Land & Pineapple MLP	United States	$303M	-3%	-4%	-36%	n/a	n/a	n/a
Tianjin Hi-Tech Development 600082.SS	China	$315M	-3%	-26%	-1%	n/a	n/a	n/a
Cadiz CDZI	United States	$322M	-25%	-21%	-236%	n/a	n/a	n/a
Globe Trade Centre GTC.WA	Poland	$322M	-19%	+4%	38%	n/a	n/a	n/a
Yunnan Metropolitan Real Estate Development 600239.SS	China	$325M	-30%	-25%	2%	n/a	n/a	n/a
Shahe Industrial 000014.SZ	China	$326M	-32%	+426%	-24%	n/a	n/a	n/a
BrasilAgro Cia Brasileira de Propriedades Agricolas Sponsored ADR LND	United States	$328M	-14%	+14%	0%	n/a	n/a	n/a
Runwal Enterprises RUNWALENTR.NS	India	$330M	n/a	n/a	n/a	n/a	n/a	n/a
China Motor Bus 0026.HK	Hong Kong	$331M	0%	-18%	56%	n/a	n/a	n/a
Hemisphere Properties India HEMIPROP.NS	India	$331M	-26%	-43%	-133%	n/a	n/a	n/a
MIRARTH HOLDINGS,Inc 8897.T	Japan	$332M	-1%	+25%	9%	n/a	n/a	n/a
Vitruvio Real Estate SOCIMI YVIT.MC	Spain	$344M	+3%	+46%	38%	45.2×	n/a	n/a
Yuexiu Services 6626.HK	Hong Kong	$344M	0%	+3%	7%	7.8×	n/a	n/a

Questions

Which companies are Hiyes International's closest peers?: The cockpit's peer set: Fastighets AB Trianon (TRIAN-B.ST), Shanghai DOBE Cultural & Creative Industry Development (Group) (300947.SZ), Hoosiers (3284.T), A-Living Smart City Services (3319.HK), Peach Property (PEAN.SW), Jinan High-tech Development (600807.SS), Kabuki-Za (9661.T), Maui Land & Pineapple (MLP).
Is Hiyes International expensive compared with its peers?: On forward p/e it trades at 5.6× against a peer median of 7.8×, 2nd cheapest of 6 in its peer set.
How has Hiyes International stock performed?: Over six months to 6 Nov 2026 the shares returned -11.2% against -11.2% for the median peer; over one year -25.6%.