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← CockpitCompetitor Analysis › 2542.TW Highwealth Construction Corp.Open in the cockpit ↗

Highwealth Construction Corp.2542.TWCompetitor analysis, valuation and peers

Taiwan · TWD·Real Estate›Real Estate Development

Major Taiwanese residential and commercial real estate developer building housing across Taiwan's cities.

≈ A Taiwanese homebuilder, like a smaller LennarMomentum neutral 59
Competitor Analysis ▸ ChartsOpen in the cockpit
Mkt cap
$2.42B
US dollars, full cap
Free float
64%
of shares outstanding
$/day
$10.4M
20-day average traded
Fwd P/E
4.3×
forward earnings
ROIC−WACC
n/a
WACC 5.0%
Hurdle
n/a
no reverse DCF
Next earnings
11 days
17 Nov 2026
Close · TWDNT$37.75
1D-2.3%
1W-3.9%
1M-0.8%
3M-14.5%
6M-4.9%
YTD-6.1%
1Y-1.9%
ATR %2.7%
52w lowhigh23.0% off high

What Highwealth Construction does

Major Taiwanese residential and commercial real estate developer building housing across Taiwan's cities.

Earns when finished projects are handed over to buyers, after selling many units in advance, so profit appears in lumps and depends on how many projects complete in a year. It holds land for future projects, and results track Taiwan's housing sales and credit rules.

In one line: A Taiwanese homebuilder, like a smaller Lennar.

Products and services

  • Residential condominium development
  • Commercial/mixed-use development

Customers

  • Homebuyers
  • Commercial tenants/buyers

Where it sits in the supply chain

  • Real Estate
  • Homebuilding
  • Residential development

What could go right

  • Taiwan urban housing demand
  • Land bank appreciation

What could go wrong

  • Interest rate sensitivity of homebuyers
  • Construction cost inflation

Moat: narrow (brand, scale). Scale land bank and brand recognition among Taiwan's largest homebuilders.

Headquarters: Taipei, Taiwan · Employees: 1,590

Named competitors

Highwealth Construction at a glance

Size Highwealth Construction (2542.TW) is a Taiwan Real Estate company (Real Estate Development) with a market value of $2.42B, the 142nd largest of 687 Taiwan companies the cockpit tracks. Shares closed at NT$37.75 on 6 Nov 2026.

Performance Over six months the shares fell 4.9%, against -11.2% for the median peer and -3.4% for the Taiwan market (cap-weighted) — 7th highest of 20 in its peer set.

Growth Revenue grew 111.4% over the last twelve months (peer median +7.3%); the operating margin is 24.6% (peer median 31.2%).

Valuation It trades at 4.3× forward earnings against a peer median of 15.5× (cheapest of 18).

Next results Next results expected around 17 Nov 2026 (exchange calendar; dates can move).

Relative performance

8010012011 May 202611 Aug 20266 Nov 20262542.TW 95Peer median 87
Six months, rebased to 100: Highwealth Construction against the median of its 20 peers (local-currency closes).

Highwealth Construction financials

Reported figures in TWD; fiscal year ends 2025-12-31. TTM = trailing twelve months.
TTMFY2025FY2024FY2023FY2022
RevenueNT$58.4BNT$31.1BNT$36.9BNT$44.1BNT$26.6B
Revenue growth—-16%-16%+65%—
Gross profitNT$18.1BNT$9.21BNT$12.8BNT$15.3BNT$8.89B
EBITDANT$14.7BNT$6.80BNT$9.76BNT$12.0BNT$5.83B
Net incomeNT$9.12BNT$4.44BNT$6.29BNT$2.44BNT$3.74B
Free cash flowNT$12.7B-NT$14.2B-NT$5.39BNT$12.4B-NT$10.4B
Capital expenditureNT$736MNT$525MNT$2.63BNT$1.54BNT$1.61B
Total debtNT$166BNT$173BNT$146BNT$136BNT$149B

Quarterly statements and history in the cockpit →

Highwealth Construction 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

-20%0%+20%+40%-20%0%+20%TEGSVS8876WALL-BWIHLIRENCATE6006066002460005370014NMRK0000290010LUMOSRE60980006202542.TW6-month return →1-month return →
Up and to the right = strong over both horizons. Highwealth Construction is the large dot.

Fundamentals: revenue growth against valuation

0%+50%+100%0×20×40×60×TEGSVSWALL-BWIHLIRENCATE6006060005370014NMRK0006202542.TWRevenue growth (TTM) →Forward P/E →
Further right = faster growth; higher = more expensive. The dashed lines are the peer medians. Highwealth Construction is the large dot.

Highwealth Construction competitors and peer comparison

Head to head with its named competitors (2542.TW vs 5522.TW vs 2520.TW vs 2515.TW)
CompanyMarket cap6M returnRevenue growthOp. marginForward P/EReq g
Highwealth Construction 2542.TW$2.42B-5%+111%25%4.3×n/a
Farglory Land Development 5522.TW$1.34B-18%+164%26%7.7×-13.6%
Kindom Development 2520.TW$600M+15%+10%16%7.0×-13.2%
BES Engineering 2515.TW$546M-14%+1%5%8.4×12.2%

How Highwealth Construction 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.

Highwealth Construction against its 20 peers (data as of 6 Nov 2026)
Measure2542.TWPeer medianRank in peer set
1-month return-0.8%+1.4%9th lowest of 21
6-month return-4.9%-11.2%7th highest of 20
Distance from 52-week high-23.0%-28.5%7th highest of 21
Revenue growth (TTM)+111.4%+7.3%highest of 20
Operating margin24.6%31.2%9th lowest of 20
Forward P/E4.3×15.5×cheapest of 18

Peer table

Peer set: Industry: the same industry and sector in any market, nearest in size
CompanyMarketMarket cap6M returnRevenue growthOp. marginForward P/EReq gDelivered g
Highwealth Construction 2542.TWTaiwan$2.42B-5%+111%25%4.3×n/an/a
TAG Immobilien TEG.DEGermany$2.51B-20%-5%31%10.1×n/an/a
Savills SVS.LUnited Kingdom$2.56B+37%+7%5%13.4×n/an/a
Relo 8876.TJapan$2.30B+21%+7%20%15.5×n/an/a
Wallenstam WALL-B.STSweden$2.57B-2%+2%60%19.3×n/an/a
Wihlborgs Fastigheter WIHL.STSweden$2.28B-14%+7%70%10.8×n/an/a
Investis IREN.SWSwitzerland$2.26B-2%+10%67%32.9×n/an/a
Eaglerock Land LLC EROKUnited States$2.60Bn/an/an/a29.6×n/an/a
Catena CATE.STSweden$2.61B-11%+17%82%13.4×n/an/a
Greenland 600606.SSChina$2.66B-20%-30%-12%63.0×n/an/a
Vantone Neo Development 600246.SSChina$2.69B-14%+22%-152%n/an/an/a
Green Development Electricity Group of Tianjin 000537.SZChina$2.19B-28%+13%31%37.3×n/an/a
Hysan Development 0014.HKHong Kong$2.16B-20%-2%72%7.5×n/an/a
Newmark NMRKUnited States$2.16B-29%+16%7%6.1×n/an/a
Shenzhen Special Economic Zone Real Estate and Properties (Group) 000029.SZChina$2.73B-6%-24%14%n/an/an/a
Hang Lung 0010.HKHong Kong$2.14B-25%+9%53%n/an/an/a
Lumo Homes LUMO.HEFinland$2.14B-3%+1%59%15.8×n/an/a
Sirius Real Estate SRE.LUnited Kingdom$2.14B+1%+13%41%13.6×n/an/a
Hufvudstaden HUFV-A.STSweden$2.14B-5%-4%47%20.9×n/an/a
Country Garden Services 6098.HKHong Kong$2.13B-21%+11%4%7.0×n/an/a
Winnovation Culturaltainment Development Limited 000620.SZChina$2.12B-6%+14%-39%66.0×n/an/a

Questions

Who are Highwealth Construction's main competitors?
Named competitors: Farglory Land Development (5522.TW), Kindom Construction (2520.TW), Chong Hong Construction (private or unlisted), Cathay Real Estate Development (2515.TW). The cockpit's measured peer set (industry) also includes TAG Immobilien (TEG.DE), Savills (SVS.L), Relo (8876.T), Wallenstam (WALL-B.ST), Wihlborgs Fastigheter (WIHL.ST), Investis (IREN.SW).
Is Highwealth Construction expensive compared with its peers?
On forward p/e it trades at 4.3× against a peer median of 15.5×, cheapest of 18 in its peer set.
How has Highwealth Construction stock performed?
Over six months to 6 Nov 2026 the shares returned -4.9% against -11.2% for the median peer; over one year -1.9%.

How these numbers are made. Returns are close-to-close in local currency. Revenue growth and margins are trailing twelve months. Req g is the revenue growth that today's enterprise value requires for seven years at the company's own cost of capital; Delivered g is what it actually grew; the gap is the hurdle (honest precision about ±8 points, so read the ranking more than the decimal). No fair values, price targets or analyst ratings are shown, by design. Method and validation.