1. Taiwan Stocks

  2. •

    Consumer durables

  3. •

    Homebuilding
Kindom Development Co., Ltd.

Kindom Development Co., Ltd.

TTWSE:2520
37.60
TWD
+0.20
(+0.53%)
5.41EPS
10.20P/E
20.02BMarket Cap
Nov 06Next Earn
Kindom Development Co., Ltd.
TWSE:2520
(Taiwan Stock Exchange)

Recent

price

37.60

P/E

ratio

10.20

div

yld

- -

ROIC.AI

2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
TWD
25.22
25.89
12.18
12.18
22.04
18.03
19.59
16.65
24.19
25.68
45.83
42.22
36.07
32.64
48.15
38.4
43.78
Revenue per Share
2.9
1.67
0.22
2
4.81
0.96
1.23
0.58
0.85
2.15
5.62
5.88
3.91
4.02
9.32
2.61
3.33
Basic EPS, GAAP
-3.4
-1.19
-8.28
-0.86
0.97
3.92
0.98
-2.15
2.94
5.19
16.34
14.94
4.39
3.08
16.39
-7.07
6.94
Free Cash Flow per Basic Share
0.84
0.84
0.83
0.82
0.83
1.65
0.83
0.91
0.41
0.83
1.24
1.98
2.27
1.59
1.64
2.82
- -
Dividend per Share
15.74
14.78
14.46
15.66
19.69
18.99
19.36
19.02
19.84
21.16
25.54
29.43
31.09
33.51
41.2
40.99
40.49
Book Value per Share
15.69
14.73
14.36
15.55
19.58
18.84
19.22
18.86
19.75
21.09
25.45
29.34
31
33.42
41.1
40.91
40.41
Tangible Book Value per Share
581
586
590
598
597
597
597
597
597
597
597
597
596
596
596
596
595
Basic Weighted Avg Shares
14,666
15,176
7,186
7,284
13,166
10,760
11,689
9,933
14,436
15,327
27,345
25,191
21,506
19,443
28,678
22,873
26,032
Sales/Revenue/Turnover
14.71
10.13
6.95
14.71
26.32
12.27
12.85
8.48
13.23
14.35
18.9
20.55
18.72
20.23
26.16
13.59
15.84
Operating Margin (%)
77
154
131
227
234
276
270
267
277
376
407
434
427
469
468
473
485
Depreciation Expense
1,687
981
130
1,197
2,873
574
736
346
507
1,284
3,354
3,508
2,334
2,395
5,550
1,556
1,979
Net Income, GAAP
7.12
13.82
36.27
11.46
9.17
33.07
16.72
34.69
37.68
14.77
20.12
18.1
18.5
19.85
17.28
23.5
21.15
Effective Tax Rate (%)
11.5
6.46
1.81
16.43
21.83
5.33
6.29
3.49
3.51
8.37
12.27
13.93
10.85
12.32
19.35
6.8
7.6
Profit Margin (%)
7,548
8,116
9,345
12,131
13,852
11,404
12,144
10,112
12,443
13,714
16,232
18,679
16,898
18,324
23,186
24,400
22,944
Working Capital
3,336
4,738
6,958
9,054
9,017
6,876
7,464
5,635
6,502
9,399
9,679
9,175
6,562
5,875
5,655
6,893
6,398
LT Debt
11,118
10,430
10,227
10,949
13,412
13,020
13,243
13,061
13,568
14,413
17,366
19,996
21,565
23,340
28,200
29,545
28,453
Total Equity
8.96
5.36
1.12
2.95
8.98
2.42
3.39
1.37
2.84
4.43
9.32
9.38
7.16
6.75
13.12
4.68
6.31
Return on Invested Capital (%)
7.55
4.36
0.64
4.17
8.33
1.65
2.33
0.92
1.47
3.33
7.05
7.2
3.95
4.21
10.93
2.02
2.07
Return on Capital (%)
19.38
10.78
1.5
13.34
27.21
4.97
6.43
3.02
4.38
10.49
24.07
21.39
12.94
12.45
24.95
6.36
8.35
Return on Common Equity (%)

Capital Structure

TWD

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
16,872
18,165
17,994
LT Borrowings
4,304
3,920
3,920
LT Finance Leases
2,588
2,511
2,478
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
596
592
590
Market Capitalization
20,102
18,822
20,018

Working Capital

TWD

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
52,646
53,619
54,840
Cash, Cash Equivalents & STI
19,339
20,235
20,006
Accounts Receivable, Net
2,447
1,952
2,872
Inventories
26,952
27,437
27,341
Total Current Liabilities
28,246
30,716
31,896
Payables & Accruals
- -
- -
- -
ST Debt
16,872
18,165
17,994
Deferred Revenue
- -
- -
- -

Growth Rates

TWD

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
8.78%
11.36%
4.77%
Free Cash Flow
-15.91%
36.09%
-143.15%
Net Income, GAAP
36.96%
6.71%
-71.96%
Sales/Revenue/Turnover
11.87%
-0.97%
-20.24%
Total Cash Common Dividend
17.49%
23.89%
72.22%

Quarterly Revenue

TWD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
4,813
10,344
7,004
6,517
28,678
2025
4,727
5,339
6,130
6,677
22,873
2026
4,863
8,363
- -
- -
- -

Quarterly Earnings Per Share

TWD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
1.26
4
2.28
1.77
9.32
2025
0.74
0.42
0.57
0.89
2.61
2026
0.52
1.35
- -
- -
- -

Quarterly Dividends Per Share

TWD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
1.64
2025
- -
- -
- -
- -
2.82
2026
- -
- -
- -
- -
- -
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Business
Kindom Development Co., Ltd. (2520.TW) develops, constructs, leases and sells residential and commercial real estate properties in Taiwan. The company operates through three main segments: the Building segment, which commissions construction firms to develop public housing and commercial buildings for rental or sale; the Construction segment, which manages integrated construction engineering including enterprise headquarters, factories, hospitals, residential buildings, roads and bridges, as well as maintenance works; and the Department Stores segment, which runs shopping centers, department stores, supermarkets and international trade import/export activities. It also provides electrical and fire safety equipment installation and engineering; shopping mall investment and operations; engineering consultancy; mall leasing planning and consulting; general investments; and wholesale and retail of medical equipment along with non-store retailing. Kindom Development was founded in 1979, formerly as Kindom Construction Corp., and maintains its headquarters at 2F., No. 131, Sec. 3, Heping E. Rd., Da'an Dist., Taipei City, Taiwan, with primary operations focused on the domestic market. In recent developments, the company reported full-year 2024 revenue of NT$28.7 billion, up 48% from 2023, with net income rising 132% to NT$5.55 billion and EPS increasing to NT$10.25, driven by strong external construction projects and a post-epidemic rebound in department store consumption; earlier in 2022, it sold a 51% stake in subsidiary Guan Cheng Co., Ltd. to Global Mall Co., Ltd. to support operational needs.