1. Taiwan, Province of China Stocks

  2. •

    Real Estate

  3. •

    Real Estate - Development
Cathay Real Estate Development Co.,Ltd.

Cathay Real Estate Development Co.,Ltd.

2501.TW
Cathay Real Estate Development Co.,Ltd.TW flagTaiwan Stock Exchange
23.85
TWD
-0.35
- -
27.66BMarket Cap
Cathay Real Estate Development Co.,Ltd.
2501.TW
(Taiwan Stock Exchange)

Recent

price

23.85

P/E

ratio

- -

div

yld

- -

ROIC.AI

2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
FRC
3.81
6.45
6.93
7.02
8.53
8.49
12.74
10.58
12.33
10.02
12.05
10.76
14.46
13.35
20.58
- -
20.97
Revenue per Share
0.87
2.68
1.42
1.46
2.55
2.01
2.06
1.25
3.11
1.18
1.28
0.73
1.04
1.87
1.36
- -
2.83
Basic EPS, GAAP
-1.17
-0.43
1.53
2.48
-2.89
0.46
4.2
0.67
1.42
1.51
0.71
-3.55
-1.68
-1.95
2.81
- -
5
Free Cash Flow per Basic Share
0.72
0.71
1.43
1.43
1.43
1.43
- -
1.5
1.2
2.1
1
1
0.6
0.5
1
- -
-0.01
Dividend per Share
15.16
17.04
16.35
16.36
17.61
17.93
12.68
15.54
17.66
16.43
16.6
16.2
16.44
17.61
17.94
- -
19.61
Book Value per Share
17.67
19.18
19.71
21.05
22.17
22.44
16.04
20
21.84
21.09
21.88
22.68
23
24.56
26.26
- -
28.32
Tangible Book Value per Share
1,160
1,160
1,160
1,160
1,160
1,160
1,468
1,160
1,160
1,160
1,160
1,160
1,161
1,160
1,160
- -
1,158
Basic Weighted Avg Shares
4,419
7,476
8,036
8,141
9,892
9,848
18,696
12,270
14,295
11,624
13,974
12,476
16,792
15,481
23,859
24,289
24,289
Sales/Revenue/Turnover
22.12
39.94
20.19
18.16
30.29
24.32
18.2
10.94
15.62
12.9
11.1
7.02
8.79
16.62
10.24
17.12
17.12
Operating Margin (%)
176
177
222
335
377
395
505
538
433
769
903
1,018
1,213
1,045
1,115
1,139
1,139
Depreciation Expense
1,006
3,104
1,642
1,688
2,952
2,327
3,018
1,445
3,610
1,371
1,484
848
1,208
2,164
1,577
3,282
3,282
Net Income, GAAP
3.09
1.15
7.08
5
9.11
9.94
14.84
- -
5.93
10.82
10
9.19
22.95
10.31
26.06
15.72
15.72
Effective Tax Rate (%)
22.76
41.52
20.43
20.73
29.84
23.63
16.14
11.77
25.25
11.79
10.62
6.79
7.19
13.98
6.61
13.51
13.51
Profit Margin (%)
12,661
14,125
14,898
15,178
18,292
17,537
22,268
21,354
13,752
12,835
13,395
20,445
26,901
27,398
23,188
23,718
23,718
Working Capital
- -
- -
4,346
5,936
9,710
11,413
18,782
17,476
4,405
9,186
10,670
16,499
22,505
20,995
17,653
14,969
14,969
LT Debt
20,514
22,260
22,866
24,421
25,727
26,059
23,580
23,224
25,342
24,482
25,399
26,335
26,758
28,532
30,507
32,877
32,877
Total Equity
3.66
10.37
4.51
3.65
6.27
4.39
5.85
- -
4.64
3.13
2.94
1.41
1.74
3.26
2.51
4.83
4.83
Return on Invested Capital (%)
4.48
12.13
5.6
5.47
8.31
5.88
7.53
- -
7.65
3.89
3.92
2.15
2.41
3.87
3.05
5.64
5.64
Return on Capital (%)
5.8
16.63
8.48
8.9
14.99
11.29
15.32
7.89
18.76
6.94
7.75
4.46
6.38
10.96
7.65
15.09
15.09
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Jun'25
Sep'25
Dec'25
ST Debt
21,392
23,151
23,558
LT Borrowings
15,438
13,958
10,193
LT Finance Leases
5,084
4,878
4,776
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
1,160
1,160
1,160
Market Capitalization
22,514
27,107
27,107

Working Capital

FRC

•

in mil. unless spec.
Jun'25
Sep'25
Dec'25
Total Current Assets
64,918
66,574
66,488
Cash, Cash Equivalents & STI
10,969
9,982
10,784
Accounts Receivable, Net
918
1,596
1,041
Inventories
49,865
51,548
50,982
Total Current Liabilities
38,250
40,479
42,770
Payables & Accruals
- -
- -
- -
ST Debt
21,392
23,151
23,558
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
2.51%
5.32%
7.77%
Free Cash Flow
22.22%
-160.17%
78.08%
Net Income, GAAP
23.34%
31.95%
108.07%
Sales/Revenue/Turnover
14.55%
14.4%
1.8%
Total Cash Common Dividend
- -
- -
-0.63%

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
2,876
3,935
2,635
6,036
15,481
2024
7,056
4,342
3,089
9,372
23,859
2025
5,152
6,221
4,184
8,732
24,289

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
0.12
0.36
0.21
- -
1.87
2024
0.47
0.3
0.07
- -
1.36
2025
0.17
1.21
0.53
- -
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
- -
- -
- -
- -
0.5
2024
- -
- -
- -
- -
1
2025
- -
- -
- -
- -
- -
Similar Companies
Harbor Custom Development, Inc. (HCDI)
PT Metropolitan Land Tbk (MTLA.JK)
Keystone Realtors Limited (RUSTOMJEE.BO)
Inland ZDP Plc (INLZ.L)
Nirlon Limited (NIRLON.BO)
Winton Land Limited (WTN.AX)
Business
Cathay Real Estate Development Co., Ltd. (2501.TW) engages in real estate development and construction of residential and commercial buildings for sale and lease in Taiwan. The company develops high-rise residential buildings with elevators, townhouses, villas, shops, office buildings, shopping malls, and integrated commercial complexes; it provides construction management and consultancy services, property leasing, manpower dispatch, and is involved in wholesale of drugs and medical goods, healthcare, and hospitality. Cathay Real Estate Development operates primarily through its Property and Real Estate Investment Development Department and Construction Department segments, with branches in Taipei, Taichung, Tainan, and Kaohsiung, targeting rigid demand buyers and owner-occupiers across major metropolitan areas in Taiwan. Founded in 1964 and headquartered at No. 218, Section 2, Dunhua South Road, Taipei, the company is part of the LinYuan Group and maintains subsidiaries including San-Ching Engineering Co., Ltd., Cathay Real Estate Management Co., Ltd., Cathay Healthcare Management Co., Ltd., and Cathay Hospitality Management Co., Ltd. In 2024, marking its 60th anniversary, Cathay Real Estate Development launched eight new projects including Cathay Cheng Zhen in Taipei, Cathay Hsu, META PARK, RiVER PARK, and METRO PARK in New Taipei, Cathay Yang Huei and Cathay Sen Lin Huei in Taichung, and Cathay Yang Mu in Tainan, achieving strong sales; it acquired San-Ching Engineering Co., Ltd. as a subsidiary to complete its real estate portfolio, secured its first government-initiated urban renewal project through strategic alliances, and plans six new projects nationwide in 2025 with combined expenses exceeding NT$25 billion.