1. Taiwan, Province of China Stocks

  2. •

    Consumer Cyclical

  3. •

    Travel Lodging
Shihlin Development Company Limited

Shihlin Development Company Limited

5324.TWO
Shihlin Development Company LimitedTW flagTaipei Exchange
12.05
TWD
+0.05
- -
2.73BMarket Cap
Shihlin Development Company Limited
5324.TWO
(Taipei Exchange)

Recent

price

12.05

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
14.56
25.91
1.79
43.21
2.19
1.83
8.11
9.38
13.75
7.15
2.77
4.58
2
2.69
11.45
- -
5.04
Revenue per Share
2.83
4.01
-2.38
12.41
-1.68
-2.84
0.7
-0.36
0.03
-0.97
0.11
-0.64
-0.92
-0.53
0.7
- -
-0.05
Basic EPS, GAAP
-1.33
5.96
-7.86
22.31
-8.89
-2.23
0.69
1.18
1.18
1.6
-6.39
-11.1
-3.35
-6.28
1.41
- -
-2.28
Free Cash Flow per Basic Share
- -
- -
0.63
0.81
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Dividend per Share
7.03
2.37
-1.19
10.41
8.88
9.8
7.79
7.45
8.31
7.4
8.27
11.67
7.39
6.86
7.56
- -
7.39
Book Value per Share
8.51
4.61
0.19
12.37
10.75
11.54
9.39
9.04
8.82
7.77
8.26
11.04
6.83
6.42
7.17
- -
6.98
Tangible Book Value per Share
76
60
78
78
77
78
107
107
107
107
133
161
226
226
226
- -
230
Basic Weighted Avg Shares
1,104
1,558
140
3,378
168
143
870
1,007
1,476
763
370
736
452
609
2,592
1,158
1,158
Sales/Revenue/Turnover
19.56
25.36
-128.09
30.17
-78.2
-117.8
10.42
0.39
5.35
-4.63
-79.14
-24.6
-40.62
-9.08
8.65
5.05
5.05
Operating Margin (%)
10
16
14
12
22
17
19
97
93
212
204
200
182
169
167
164
164
Depreciation Expense
215
241
-186
970
-130
-221
75
-38
3
-104
14
-103
-208
-119
157
-12
-12
Net Income, GAAP
0.02
1.54
- -
2.83
- -
- -
4.72
- -
31.74
- -
- -
- -
- -
- -
1.23
120.27
120.27
Effective Tax Rate (%)
19.45
15.46
-133.54
28.73
-76.96
-155.26
8.66
-3.8
0.23
-13.58
3.89
-13.93
-46.02
-19.58
6.07
-1.06
-1.06
Profit Margin (%)
685
225
-37
940
1,320
1,087
860
539
105
530
870
2,507
3,403
2,785
3,525
2,679
2,679
Working Capital
- -
5
- -
30
649
649
1,056
701
59
1,884
1,793
2,700
3,841
3,155
3,652
2,580
2,580
LT Debt
651
290
22
972
833
902
1,064
1,026
1,000
882
1,102
1,775
1,546
1,454
1,623
1,604
1,604
Total Equity
16.02
26.37
- -
69.41
- -
- -
3.57
- -
2.35
- -
- -
- -
- -
- -
2.64
-0.14
-0.14
Return on Invested Capital (%)
17.48
18.95
- -
74.24
- -
- -
4.15
- -
0.14
- -
- -
- -
- -
- -
2.6
-0.44
-0.44
Return on Capital (%)
51.34
71.28
- -
- -
-17.31
-30.58
9.43
-4.68
0.41
-12.32
1.52
-6.88
-11.73
-7.4
9.64
-0.72
-0.72
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Jun'25
Sep'25
Dec'25
ST Debt
3,982
4,241
4,410
LT Borrowings
1,797
1,797
1,798
LT Finance Leases
809
810
782
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
226
226
226
Market Capitalization
2,720
2,435
2,355

Working Capital

FRC

•

in mil. unless spec.
Jun'25
Sep'25
Dec'25
Total Current Assets
8,171
8,523
8,840
Cash, Cash Equivalents & STI
799
887
1,035
Accounts Receivable, Net
18
16
13
Inventories
6,924
7,174
7,333
Total Current Liabilities
5,520
5,922
6,161
Payables & Accruals
- -
- -
- -
ST Debt
3,982
4,241
4,410
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
7.77%
10.54%
-1.18%
Free Cash Flow
-88.76%
-49.64%
-264.61%
Net Income, GAAP
-468.88%
-218.58%
-107.83%
Sales/Revenue/Turnover
83.87%
73.1%
-55.3%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
135
128
151
196
609
2024
168
152
945
1,327
2,592
2025
239
220
152
548
1,158

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
-0.2
-0.22
-0.07
- -
-0.53
2024
-0.17
-0.22
0.5
- -
0.7
2025
-0.06
-0.05
-0.2
- -
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
- -
- -
- -
- -
- -
2024
- -
- -
- -
- -
- -
2025
- -
- -
- -
- -
- -
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Business
Shihlin Development Company Limited operates as a real estate development and operations company headquartered in Taipei, Taiwan. Founded in 1973, the company’s core activities include the construction and development of commercial buildings and integrated residential properties; real estate sales and leasing; leisure and recreation development including clubs and specific leisure areas; as well as catering and hotel services within Taiwan. Its business segments comprise Construction and Development, Leisure and Recreation, and Catering and Hotel, with expanding operations in the leasing of real estate properties and hospitality services. The company recently experienced strategic operational shifts including the suspension of a construction project in the Neihu area and a significant increase in construction development revenue in 2024, reflecting greater activity in commercial and residential property development. It maintains diversified offerings extending into hotel operations and food and beverage retailing related to its hotel services. The company’s executive leadership continues to focus on driving growth through real estate development and expanding its service portfolios in hospitality and leisure sectors. Geographically, Shihlin Development’s operations are primarily Taiwan-focused, with continued emphasis on local market growth. Its management structure includes a CEO, CFO, and Chief Investment Officer who oversee the company’s strategic and financial operations. The company also emphasizes compliance with corporate governance standards and sustainable business practices as part of its operational framework. In summary, Shihlin Development Company Limited is a Taiwan-based real estate developer and operator specializing in commercial and residential property construction, leasing, hotel and catering services, with recent operational enhancements and project developments underpinned by a strategic focus on expanding its core business segments in the domestic market.