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Employees: 83
Size Huaku Development (2548.TW) is a Taiwan Consumer Discretionary company (Homebuilding) with a market value of $928M, the 279th largest of 687 Taiwan companies the cockpit tracks. Shares closed at NT$91.50 on 6 Nov 2026.
Performance Over six months the shares fell 20.6%, against -11.2% for the median peer and -3.4% for the Taiwan market (cap-weighted) — 5th lowest of 21 in its peer set.
Growth Revenue grew 331.0% over the last twelve months (peer median +7.3%); the operating margin is 22.4% (peer median 5.9%).
Valuation It trades at 19.9× forward earnings against a peer median of 9.5× (4th most expensive of 14).
Price implies For today's price to make sense, revenue must grow about -19% a year for seven years (Req g). Recent delivered growth is +10%, so the hurdle is -29 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 13.0 points above its cost of capital (5.0% WACC).
Next results Next results expected around 3 Mar 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | NT$21.2B | NT$18.2B | NT$7.21B | NT$15.8B | NT$14.9B |
| Revenue growth | — | +153% | -54% | +6% | — |
| Gross profit | NT$5.88B | NT$5.08B | NT$2.55B | NT$5.19B | NT$4.71B |
| EBITDA | n/a | NT$4.05B | NT$1.93B | NT$4.38B | NT$3.75B |
| Net income | NT$3.96B | NT$3.24B | NT$1.39B | NT$3.58B | NT$2.96B |
| Free cash flow | n/a | NT$9.79B | -NT$4.04B | NT$949M | NT$4.51B |
| Capital expenditure | n/a | NT$97.0M | NT$91.4M | NT$1.78M | NT$11.7M |
| Total debt | n/a | NT$20.5B | NT$26.8B | NT$16.3B | NT$14.9B |
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.
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.
| Measure | 2548.TW | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | 0.0% | -0.2% | 10th highest of 21 |
| 6-month return | -20.6% | -11.2% | 5th lowest of 21 |
| Distance from 52-week high | -27.5% | -29.6% | 9th highest of 21 |
| Revenue growth (TTM) | +331.0% | +7.3% | 2nd highest of 21 |
| Operating margin | 22.4% | 5.9% | 5th highest of 21 |
| Forward P/E | 19.9× | 9.5× | 4th most expensive of 14 |
| Growth the price implies (Req g, 7 yrs) | -18.6% | -7.9% | 2nd least demanding of 14 |
| Growth delivered (Del g) | +10.0% | -3.2% | 4th highest of 14 |
| Hurdle (Req g minus delivered) | -28.6 pp | -5.7 pp | 2nd least demanding of 14 |
| ROIC minus cost of capital | +13.0 pp | +0.4 pp | highest of 21 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Huaku Development 2548.TW | Taiwan | $928M | -21% | +331% | 22% | 19.9× | -18.6% | +10.0% |
| Dexterra DXT.TO | Canada | $876M | +59% | +9% | 6% | 24.0× | 5.1% | +17.2% |
| Shanghai Tongji Science & Technology Industrial 600846.SS | China | $870M | -27% | +51% | 3% | n/a | 7.8% | -6.8% |
| Run Long Construction 1808.TW | Taiwan | $844M | +10% | +741% | 25% | n/a | -12.0% | -3.2% |
| Black Diamond BDI.TO | Canada | $1.02B | +25% | +26% | 12% | 32.7× | n/a | n/a |
| LGI Homes LGIH | United States | $1.06B | -2% | -2% | 4% | 17.1× | 18.3% | -6.4% |
| Tokyu Construction 1720.T | Japan | $774M | -21% | +11% | 5% | 9.3× | -13.6% | +8.1% |
| Chongqing Construction Engineering 600939.SS | China | $773M | -11% | -28% | -4% | n/a | -7.9% | -16.8% |
| Takamatsu Construction 1762.T | Japan | $769M | +16% | +6% | 6% | 9.5× | n/a | n/a |
| Dream Finders Homes DFH | United States | $1.12B | -13% | -11% | 3% | 441.3× | n/a | n/a |
| Vistry VTY.L | United Kingdom | $1.12B | -19% | -8% | -9% | 9.5× | n/a | n/a |
| CEVIA Enviro 000885.SZ | China | $1.16B | -14% | -2% | 27% | 6.0× | -8.3% | +14.0% |
| Okumura 1833.T | Japan | $1.19B | -17% | 0% | 5% | n/a | n/a | n/a |
| Cathay Real Estate Development 2501.TW | Taiwan | $719M | -9% | +14% | 19% | 6.8× | -20.7% | +11.7% |
| Legacy Housing LEGH | United States | $694M | +25% | -3% | 33% | 14.1× | 3.5% | -1.4% |
| JSL Construction & Development 2540.TW | Taiwan | $1.25B | -14% | -35% | 3% | n/a | n/a | n/a |
| Nishimatsu Construction 1820.T | Japan | $1.28B | -11% | +14% | 8% | 9.6× | n/a | n/a |
| Atal 1AT.WA | Poland | $668M | -5% | +40% | 26% | 5.7× | -3.9% | +1.8% |
| Shenzhen Centralcon Investment 000042.SZ | China | $637M | -34% | +116% | 14% | n/a | -14.2% | -24.7% |
| Kindom Development 2520.TW | Taiwan | $600M | +15% | +10% | 16% | 7.0× | -13.2% | -3.5% |
| Gemdale 600383.SS | China | $1.45B | -26% | -47% | -24% | n/a | 10.8% | -15.6% |