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  3. •

    Real estate development
Highwealth Construction Corp.

Highwealth Construction Corp.

TTWSE:2542
40.00
TWD
-0.10
(-0.25%)
5.80EPS
9.98P/E
90.92BMarket Cap
Nov 17Next Earn
Highwealth Construction Corp.
TWSE:2542
(Taiwan Stock Exchange)

Recent

price

40.00

P/E

ratio

9.98

div

yld

- -

ROIC.AI

2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
TWD
17.59
11.68
9.23
15.98
21.18
19.58
20
10.65
25.22
13.58
13.95
24.55
12.79
20.86
17.49
14.71
27.63
Revenue per Share
4.35
3.06
1.63
3.62
5.72
4.59
3.62
1.1
3.91
1.73
1.51
4.54
1.8
1.15
2.98
2.1
4.32
Basic EPS, GAAP
1.01
-1.05
-2.47
0.08
5.74
4.35
0.7
-1.83
4.93
-6.12
-13.25
-7.03
-5.13
7.43
-1
-4.84
8.08
Free Cash Flow per Basic Share
2.1
2.11
1.39
1.22
0.7
2.45
3.9
3.25
2.28
4.13
1.59
1.43
3.22
0.5
0.98
1.92
- -
Dividend per Share
10.01
9.76
9.58
12.22
17.29
20.02
19.73
17.51
19.5
17.34
18.23
21.69
20.86
21.81
24.55
24.98
23.4
Book Value per Share
10
9.75
9.57
12.21
17.27
20
19.71
17.5
19.49
17.33
18.21
21.67
20.84
21.8
24.53
24.95
23.38
Tangible Book Value per Share
1,610
2,088
2,029
1,771
1,771
1,769
1,753
1,753
1,753
1,753
1,754
1,804
2,082
2,112
2,112
2,112
2,112
Basic Weighted Avg Shares
28,324
24,383
18,729
28,310
37,515
34,638
35,058
18,670
44,205
23,798
24,463
44,282
26,627
44,067
36,928
31,056
58,370
Sales/Revenue/Turnover
26.86
32.25
29.26
27.69
30.05
28.34
22.06
14.09
21.5
14.73
16.91
22.62
21.17
26.58
25.5
20.71
24.63
Operating Margin (%)
54
47
49
57
59
68
97
95
103
219
243
240
190
272
350
367
357
Depreciation Expense
7,005
6,399
3,308
6,407
10,133
8,121
6,349
1,929
6,856
3,030
2,646
8,187
3,741
2,437
6,287
4,437
9,116
Net Income, GAAP
1.38
3.76
14.94
17.36
3.81
9.31
7.49
10.63
7.54
11.71
14.86
14.36
19.85
17.83
15.95
18.05
17.69
Effective Tax Rate (%)
24.73
26.24
17.66
22.63
27.01
23.44
18.11
10.33
15.51
12.73
10.82
18.49
14.05
5.53
17.03
14.29
15.62
Profit Margin (%)
17,695
18,683
18,259
24,603
35,764
40,279
48,193
52,800
53,335
51,117
47,185
52,945
58,181
57,903
66,096
63,281
70,884
Working Capital
212
1,639
602
1,549
3,552
4,554
13,651
25,640
28,850
35,589
29,395
25,843
28,367
18,229
23,969
25,438
34,283
LT Debt
18,775
18,693
19,385
24,550
34,281
39,322
38,730
34,311
40,102
34,443
35,801
45,715
49,049
57,335
64,067
63,023
60,449
Total Equity
15.95
13.85
7.32
8.79
13.37
10.27
7.81
2.34
7.8
2.48
2.42
5.04
2.38
4.89
3.9
2.36
5.29
Return on Invested Capital (%)
15.55
11.41
4.05
9.05
12.14
8.67
6.46
2.04
5.14
2.7
2.22
4.52
2.32
-1.52
2.48
1.73
3
Return on Capital (%)
48.01
37.48
19.45
33.18
38.77
24.72
18.23
5.91
21.14
9.38
8.46
22.48
8.77
5.35
12.71
8.44
18.56
Return on Common Equity (%)

Capital Structure

TWD

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
147,283
131,663
131,884
LT Borrowings
25,416
34,488
34,252
LT Finance Leases
22
17
31
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
2,112
2,112
2,112
Market Capitalization
84,900
73,495
90,919

Working Capital

TWD

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
250,721
244,126
247,201
Cash, Cash Equivalents & STI
37,312
39,956
46,247
Accounts Receivable, Net
1,613
495
519
Inventories
201,697
193,775
190,959
Total Current Liabilities
187,441
168,452
176,317
Payables & Accruals
- -
- -
- -
ST Debt
147,283
131,663
131,884
Deferred Revenue
- -
- -
- -

Growth Rates

TWD

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
5.58%
12.4%
-1.63%
Free Cash Flow
-96.34%
-7.97%
381.86%
Net Income, GAAP
34.43%
49.76%
-29.43%
Sales/Revenue/Turnover
12.24%
14.91%
-15.9%
Total Cash Common Dividend
29.02%
51.81%
96.44%

Quarterly Revenue

TWD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
5,210
10,030
9,498
12,190
36,928
2025
1,108
4,815
8,449
16,684
31,056
2026
16,192
17,045
- -
- -
- -

Quarterly Earnings Per Share

TWD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.28
0.31
0.85
1.52
2.98
2025
- -
0.23
0.72
1.15
2.1
2026
1.15
1.3
- -
- -
- -

Quarterly Dividends Per Share

TWD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
0.98
2025
- -
- -
- -
- -
1.92
2026
- -
- -
- -
- -
- -
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Business
Highwealth Construction Corp. (2542.TW) engages primarily in the development, construction, leasing, and sale of residential and commercial buildings in Taiwan; it provides real estate agency and brokerage services, catering, hospitality, and labor services; and operates and manages department stores, supermarkets, hotels, and hospitality businesses, while also wholesaling building materials. The company offers residential properties including housings, suites, and parking lots, as well as commercial properties encompassing offices, shops, and parking facilities; it maintains subsidiaries such as Run Long Construction (1808.TW), Qi Yu Construction, Well Rich International, Jufeng Hotel, Chyi Yuh Construction, and Hong Liang Construction, supporting its integrated operations across construction engineering, property management, and overseas materials. Founded in 1980 and headquartered at 8F, No. 76, Section 2, Tun Hua South Road, Da'an District, Taipei, Taiwan, Highwealth Construction operates predominantly in the Taiwan market, targeting residential, commercial, and hospitality sectors with projects from affordable housing to luxury hotels like the Anping Yalet Xuan Hotel in Tainan under Marriott and the New Taipei Beihai Hot Spring InterContinental Hotel. Recent developments include a subsidiary terminating a co-construction deal in April 2025 to acquire plots for NT$3.2 billion, another unit ending a housing development agreement with landowners in September 2025, a capital increase from retained earnings approved in 2025, strategic shifts toward more joint construction and urban renewal projects amid financing constraints, and a October 2024 MOU with Taiwan Creative Content Agency (TAICCA) via Highwealth Group and Run Long for cultural content integration in construction.