1. Taiwan Stocks

  2. •

    Consumer durables

  3. •

    Homebuilding
Cathay Real Estate Development Co., Ltd.

Cathay Real Estate Development Co., Ltd.

TTWSE:2501
20.45
TWD
+0.05
(+0.25%)
3.13EPS
8.59P/E
28.64BMarket Cap
Nov 11Next Earn
2013 Y
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
7.02
8.53
8.49
12.74
10.58
12.33
10.02
12.05
10.76
14.46
13.35
20.58
20.95
23.61
Basic EPS, GAAP
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
2.88
Free Cash Flow per Basic Share
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
5.3
Dividend per Share
1.43
1.43
1.43
- -
1.5
1.2
2.1
1
1
0.6
0.5
1
0.99
-0.01
Book Value per Share
20.26
21.41
21.79
19.82
19.64
21.62
21.02
21.09
21.94
21.22
22.69
24.37
26.47
27.67
Tangible Book Value per Share
20.25
21.39
21.75
19.79
19.61
21.61
21
21.06
21.9
21.18
22.64
24.33
26.42
27.61
Basic Weighted Avg Shares
1,160
1,160
1,160
1,468
1,160
1,160
1,160
1,160
1,160
1,161
1,160
1,160
1,160
1,159
Sales/Revenue/Turnover
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
27,352
Operating Margin (%)
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
16.13
Depreciation Expense
335
377
395
505
538
433
769
903
1,018
1,213
1,045
1,115
1,139
1,099
Net Income, GAAP
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
3,333
Effective Tax Rate (%)
5
9.11
9.94
14.84
- -
5.93
10.82
10
9.19
22.95
10.31
26.06
15.72
16.43
Profit Margin (%)
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
12.18
Working Capital
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
27,044
LT Debt
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
16,620
Total Equity
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
34,406
Return on Invested Capital (%)
3.65
6.27
4.39
5.85
- -
4.63
3.13
2.94
1.41
1.74
3.26
2.5
4.82
5.1
Return on Capital (%)
4.91
7.46
5.35
6.85
- -
6.86
3.43
3.48
1.92
2.19
3.56
2.77
5.04
4.64
Return on Common Equity (%)
7.36
12.22
9.29
12.51
6.32
15.09
5.54
6.08
3.4
4.83
8.5
5.78
11.13
11.03

Capital Structure

TWD

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
23,558
20,680
20,281
LT Borrowings
10,193
10,298
12,090
LT Finance Leases
4,776
4,659
4,530
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
1,160
1,160
1,160
Market Capitalization
27,134
26,206
28,641

Working Capital

TWD

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
66,488
63,737
66,673
Cash, Cash Equivalents & STI
10,784
11,038
11,353
Accounts Receivable, Net
1,041
751
1,005
Inventories
50,982
47,697
49,788
Total Current Liabilities
42,770
38,474
39,629
Payables & Accruals
- -
- -
- -
ST Debt
23,558
20,680
20,281
Deferred Revenue
- -
- -
- -

Growth Rates

TWD

•

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

TWD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
7,056
4,342
3,089
9,372
23,859
2025
5,152
6,221
4,184
8,732
24,289
2026
11,151
3,285
- -
- -
- -

Quarterly Earnings Per Share

TWD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.47
0.3
0.07
0.52
1.36
2025
0.17
1.21
0.53
0.92
2.83
2026
1.21
0.22
- -
- -
- -

Quarterly Dividends Per Share

TWD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
1
2025
- -
- -
- -
-0.01
0.99
2026
- -
- -
- -
- -
- -

Company Description

Company Profile APIChatGPT
CEO
Hung Ming Li
Full Time Employees
172
Sector
Consumer durables
Industry
Homebuilding
Address
No. 218, Dunhua South Road Taipei TPE Taiwan 106
IPO Date
Oct 28, 1967
Website
cathay-red.com.tw
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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.