1. Taiwan Stocks

  2. •

    Consumer durables

  3. •

    Homebuilding
Crowell Development Corp.

Crowell Development Corp.

TTWSE:2528
17.15
TWD
-0.35
(-2.00%)
9.15BMarket Cap
Nov 05Next 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
13.26
2.25
0.87
0.82
0.4
1.04
- -
3.36
8.02
3.84
4.03
11.62
25.45
- -
Basic EPS, GAAP
1.14
0.36
0.01
-0.12
-0.98
-0.33
-0.31
-0.6
1.23
0.53
0.53
2.83
3.18
- -
Free Cash Flow per Basic Share
7.78
0.83
-1.92
-0.18
-3.69
-19.46
-5.06
-9.26
-8.32
-2.62
-3.99
-4.14
9.17
- -
Dividend per Share
- -
0.23
0.16
- -
- -
- -
- -
- -
- -
0.39
0.41
0.42
1.71
- -
Book Value per Share
8.44
8.49
8.34
8.21
7.22
8.76
8.82
9.39
10.62
11.25
11.54
14.23
15.81
15.02
Tangible Book Value per Share
8.44
8.49
8.34
8.21
7.22
8.76
8.82
9.39
10.62
11.25
11.53
14.22
15.81
15.02
Basic Weighted Avg Shares
141
155
156
156
161
211
302
350
398
450
459
459
482
493
Sales/Revenue/Turnover
1,867
349
136
128
65
218
1
1,175
3,194
1,729
1,850
5,331
12,276
- -
Operating Margin (%)
14.25
14.83
-12.47
-11.46
-48.83
-21.46
-10,662.6
-17.6
17.77
17.95
16.88
31.15
15.6
- -
Depreciation Expense
1
1
2
3
2
2
4
5
5
5
6
5
6
- -
Net Income, GAAP
161
56
1
-19
-157
-70
-94
-210
490
238
242
1,299
1,533
- -
Effective Tax Rate (%)
38.52
14.03
84.13
- -
- -
- -
- -
- -
13.04
19.35
21.28
22.07
18.19
- -
Profit Margin (%)
8.63
16.09
0.6
-15.26
-241.46
-32.06
-6,924.47
-17.91
15.35
13.79
13.06
24.37
12.48
- -
Working Capital
1,227
1,239
665
554
943
5,545
7,816
8,285
9,178
8,779
6,554
8,479
10,171
9,958
LT Debt
204
186
190
- -
- -
3,137
4,946
4,651
5,045
3,944
1,376
1,763
3,056
3,064
Total Equity
1,281
1,323
1,300
1,281
1,275
2,490
2,953
3,742
4,232
5,163
5,293
7,101
7,890
7,529
Return on Invested Capital (%)
10.36
2.97
-0.17
- -
- -
- -
- -
- -
4.1
1.7
1.51
6.52
7.56
- -
Return on Capital (%)
10.6
4.01
0.1
- -
- -
- -
- -
- -
4.14
1.74
1.56
6.72
7.78
- -
Return on Common Equity (%)
14.45
4.31
0.06
-1.51
-12.3
-3.72
-3.46
-6.29
12.29
5.07
4.62
20.96
20.45
- -

Capital Structure

TWD

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
7,919
8,023
7,922
LT Borrowings
3,056
3,126
3,064
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
499
501
501
Market Capitalization
13,086
10,922
9,151

Working Capital

TWD

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
21,655
21,722
21,005
Cash, Cash Equivalents & STI
1,578
1,105
728
Accounts Receivable, Net
35
11
59
Inventories
19,477
19,983
19,597
Total Current Liabilities
11,484
12,103
11,047
Payables & Accruals
- -
- -
- -
ST Debt
7,919
8,023
7,922
Deferred Revenue
- -
- -
- -

Growth Rates

TWD

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
22.15%
16.58%
11.12%
Free Cash Flow
221.32%
-67.18%
-333.04%
Net Income, GAAP
-160.99%
14.55%
17.98%
Sales/Revenue/Turnover
8,676.52%
90.28%
130.3%
Total Cash Common Dividend
- -
- -
329.49%

Quarterly Revenue

TWD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
1
24
5,306
5,331
2025
2,675
2,606
- -
1,414
12,276
2026
10
1,658
- -
- -
- -

Quarterly Earnings Per Share

TWD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
-0.09
-0.35
-0.23
3.23
2.83
2025
0.89
0.52
- -
0.26
3.18
2026
-0.09
0.57
- -
- -
- -

Quarterly Dividends Per Share

TWD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
0.42
2025
- -
- -
- -
- -
1.71
2026
- -
- -
- -
- -
- -

Company Description

Company Profile APIChatGPT
CEO
Yung Ping Su
Full Time Employees
47
Sector
Consumer durables
Industry
Homebuilding
Address
747 Wenzhong Road Taoyuan Taiwan 330
IPO Date
Mar 10, 1995
Website
crowell.com.tw
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Business
Crowell Development Corp. (2528.TW) engages primarily in real estate development, investment, construction, leasing, and sales of residential and commercial properties in Taiwan. The company offers a diverse portfolio of products and services, including housings, suites, offices, shops, commercial spaces, integrated commercial buildings, parking lots, apartments, and other property projects, with buildings constructed primarily by independent contractors. Founded in 1985 and headquartered at 6F, No. 747, Wenzhong Road, Taoyuan City, Taiwan, Crowell operates exclusively within the Taiwanese market, targeting residential, office, retail, and mixed-use segments served by individual, corporate, and institutional customers. In recent developments, Crowell signed an additional construction contract worth NT$261.2 million in November 2025 for its congregate housing project in Taoyuan, following board approval. The company acquired property in Taichung City for NT$1.27 billion in August 2025 and entered a NT$1.33 billion construction deal in April 2025, alongside securing a new construction project contract for incorporate housing on four land parcels in Kaohsiung City's Lingya District in May 2025. Earlier in 2025, Crowell announced land acquisitions in Zhongli District, Taoyuan City (January), Pingzhen District, Taoyuan City (October 2024), Hsinchu City (April 2024), and Taoyuan District (January 2024), reflecting ongoing expansion through strategic land purchases and project commitments totaling over NT$967 million in some instances. These activities supported robust financial performance, with 2024 full-year revenue reaching NT$5.33 billion (up 188% year-over-year), net profit of NT$1.30 billion, and trailing twelve-month revenue of NT$16.17 billion as of third-quarter 2025, alongside EPS improvements including NT$1.58 in Q3 2025 versus a prior-year loss.