Kee Tai Properties Co., Ltd.

Kee Tai Properties Co., Ltd.

TTWSE:2538
8.65
TWD
+0.01
(+0.12%)
0.61EPS
16.24P/E
4.39BMarket Cap
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
6.36
5.56
12.05
1.53
0.68
0.33
0.39
1.14
0.57
0.79
0.85
2.21
0.67
0.71
Basic EPS, GAAP
2.18
3.14
3.96
-0.22
0.12
0.1
-0.67
-0.31
-0.31
0.43
0.92
0.57
0.35
0.61
Free Cash Flow per Basic Share
1.71
4.16
0.44
-0.13
-1.03
-1.82
-1.22
-0.57
0.02
13.55
-2.45
1.19
-0.35
-1.05
Dividend per Share
1.46
1.67
1.21
1.28
0.99
0.79
0.59
0.49
0.49
0.49
0.49
0.69
0.7
- -
Book Value per Share
15.4
17.01
19.85
18
17.02
16.4
15.08
14.13
13.28
13.09
13.52
13.32
12.85
12.33
Tangible Book Value per Share
15.4
17.01
19.85
18
17.02
16.4
15.08
14.13
13.28
13.09
13.52
13.32
12.85
12.33
Basic Weighted Avg Shares
411
415
432
445
445
445
445
445
445
445
445
445
445
436
Sales/Revenue/Turnover
2,610
2,305
5,202
680
304
148
174
507
255
351
376
983
299
311
Operating Margin (%)
31.47
53.6
35.54
24.23
11.55
-10.07
-22.05
-5.1
-11.7
26.44
11.81
9.84
9.29
23.24
Depreciation Expense
1
2
25
29
29
27
36
36
37
25
10
9
9
19
Net Income, GAAP
896
1,301
1,710
-99
54
45
-297
-138
-137
191
411
253
154
265
Effective Tax Rate (%)
6.91
5.99
6.92
- -
3.19
6.81
- -
- -
- -
6.46
5.16
3.38
27.85
18.19
Profit Margin (%)
34.34
56.45
32.88
-14.58
17.85
30.53
-170.68
-27.31
-53.76
54.54
109.3
25.68
51.45
85.12
Working Capital
5,548
5,161
6,491
5,615
5,618
5,353
5,005
4,567
4,180
5,214
4,783
4,815
4,867
2,647
LT Debt
- -
- -
3,190
3,150
3,100
3,060
3,036
2,988
2,903
7
4
1
18
3,447
Total Equity
6,391
7,059
9,079
8,377
7,944
7,673
7,092
6,685
6,320
6,202
6,015
5,929
5,717
5,485
Return on Invested Capital (%)
9.02
12.05
13.09
- -
0.21
-0.08
- -
- -
- -
0.5
-1.1
-0.37
3.15
4.01
Return on Capital (%)
10.72
13.75
13.54
- -
0.84
0.77
- -
- -
- -
2.16
-3.87
2.9
1.98
3.01
Return on Common Equity (%)
14.68
19.35
21.69
-1.19
0.7
0.61
-4.24
-2.13
-2.25
3.26
6.95
4.23
2.64
4.85

Capital Structure

TWD

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
8,310
7,936
4,819
LT Borrowings
- -
- -
3,432
LT Finance Leases
18
17
15
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
445
445
445
Market Capitalization
5,051
4,450
4,388

Working Capital

TWD

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
16,830
16,433
11,186
Cash, Cash Equivalents & STI
2,160
1,673
1,760
Accounts Receivable, Net
16
15
9
Inventories
14,009
14,081
8,724
Total Current Liabilities
11,963
11,549
8,539
Payables & Accruals
- -
- -
- -
ST Debt
8,310
7,936
4,819
Deferred Revenue
- -
- -
- -

Growth Rates

TWD

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
-4.5%
-3.07%
-3.57%
Free Cash Flow
5,676.22%
11,246.64%
-129.72%
Net Income, GAAP
-128.87%
-40.61%
-39.15%
Sales/Revenue/Turnover
10.22%
17.38%
-69.63%
Total Cash Common Dividend
- -
- -
1.5%

Quarterly Revenue

TWD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
57
580
217
130
983
2025
85
59
64
91
299
2026
83
74
- -
- -
- -

Quarterly Earnings Per Share

TWD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.29
0.07
-0.11
0.32
0.57
2025
0.01
-0.28
0.83
-0.21
0.35
2026
0.02
-0.04
- -
- -
- -

Quarterly Dividends Per Share

TWD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
0.69
2025
- -
- -
- -
- -
0.7
2026
- -
- -
- -
- -
- -

Company Description

CEO
Hsien Mien Feng
Full Time Employees
75
Sector
Industrial services
Industry
Engineering & construction
Address
51, Hengyang Road Taipei TP Taiwan 100504
IPO Date
Nov 1, 1996
Business
Kee Tai Properties Co., Ltd. Kee Tai Properties Co., Ltd. is a Taiwan-based real estate developer principally engaged in the construction, development, sales, and leasing of residential and commercial buildings; it also handles construction waste clearance and urban redevelopment projects. The company offers apartment complexes with parking facilities, high-end residences, mixed-use buildings incorporating stores, offices, guest accommodations, and parking; specific initiatives include old building revitalization in areas such as Sul溪, Bih湖, and Daan, alongside land acquisition in Greater Taipei for new developments. Founded in 1979 and headquartered at 10F-2, No. 51, Herng Yang Road, Taipei City, Taiwan, Kee Tai Properties primarily operates in the Taipei region, focusing on residential and commercial segments for individual buyers, investors, and lessees. In recent developments, the company reported earnings for the third quarter and nine months ended September 30, 2025, reflecting ongoing real estate operations amid a trailing twelve-month revenue of TWD 490.41 million; it maintains a dividend payout with an ex-dividend date of July 31, 2025, at NT$0.70 per share, underscoring steady shareholder returns despite a net loss of TWD 28.35 million over the trailing period.