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6177

Da-Li DevelopmentLtd TWSE:6177 Stock Report

Last Price

NT$26.40

Market Cap

NT$10.2b

7D

-2.2%

1Y

-16.7%

Updated

04 Oct, 2022

Data

Company Financials
6177 fundamental analysis
Snowflake Score
Valuation4/6
Future Growth0/6
Past Performance5/6
Financial Health3/6
Dividends4/6

6177 Stock Overview

Da-Li Development Co.,Ltd. operates as a diversified real estate investment and development company.

Da-Li DevelopmentLtd Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Da-Li DevelopmentLtd
Historical stock prices
Current Share PriceNT$26.40
52 Week HighNT$33.20
52 Week LowNT$26.10
Beta0.34
1 Month Change-6.05%
3 Month Change-11.41%
1 Year Change-16.72%
3 Year Change12.62%
5 Year Change-9.20%
Change since IPO635.16%

Recent News & Updates

Shareholder Returns

6177TW Real EstateTW Market
7D-2.2%-1.4%-3.5%
1Y-16.7%-6.3%-18.3%

Return vs Industry: 6177 underperformed the TW Real Estate industry which returned -6.3% over the past year.

Return vs Market: 6177 exceeded the TW Market which returned -18.3% over the past year.

Price Volatility

Is 6177's price volatile compared to industry and market?
6177 volatility
6177 Average Weekly Movement3.3%
Real Estate Industry Average Movement2.8%
Market Average Movement5.1%
10% most volatile stocks in TW Market8.2%
10% least volatile stocks in TW Market2.4%

Stable Share Price: 6177 is less volatile than 75% of TW stocks over the past 3 months, typically moving +/- 3% a week.

Volatility Over Time: 6177's weekly volatility (3%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
1977n/aJames Hsiehhttps://www.da-li.com.tw

Da-Li Development Co.,Ltd. operates as a diversified real estate investment and development company. It engages in construction activities; and rental and sale of residential buildings and department stores, etc. The company was incorporated in 1977 and is headquartered in Taipei, Taiwan.

Da-Li DevelopmentLtd Fundamentals Summary

How do Da-Li DevelopmentLtd's earnings and revenue compare to its market cap?
6177 fundamental statistics
Market CapNT$10.24b
Earnings (TTM)NT$2.13b
Revenue (TTM)NT$14.32b

4.8x

P/E Ratio

0.7x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
6177 income statement (TTM)
RevenueNT$14.32b
Cost of RevenueNT$10.70b
Gross ProfitNT$3.62b
Other ExpensesNT$1.49b
EarningsNT$2.13b

Last Reported Earnings

Jun 30, 2022

Next Earnings Date

n/a

Earnings per share (EPS)5.50
Gross Margin25.30%
Net Profit Margin14.90%
Debt/Equity Ratio300.5%

How did 6177 perform over the long term?

See historical performance and comparison

Dividends

11.4%

Current Dividend Yield

55%

Payout Ratio
We’ve recently updated our valuation analysis.

Valuation

Is 6177 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

4/6

Valuation Score 4/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • Analyst Forecast

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 6177?

Other financial metrics that can be useful for relative valuation.

6177 key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue2.2x
Enterprise Value/EBITDA12.9x
PEG Ration/a

Price to Earnings Ratio vs Peers

How does 6177's PE Ratio compare to its peers?

6177 PE Ratio vs Peers
The above table shows the PE ratio for 6177 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average30.6x
1442 Advancetek EnterpriseLtd
25.3xn/aNT$10.5b
2540 JSL Construction & Development
23.4xn/aNT$21.5b
5213 YeaShin International Development
68.7xn/aNT$9.3b
2520 Kindom Development
4.8xn/aNT$13.8b
6177 Da-Li DevelopmentLtd
4.8xn/aNT$10.2b

Price-To-Earnings vs Peers: 6177 is good value based on its Price-To-Earnings Ratio (4.8x) compared to the peer average (30.6x).


Price to Earnings Ratio vs Industry

How does 6177's PE Ratio compare vs other companies in the TW Real Estate Industry?

Price-To-Earnings vs Industry: 6177 is good value based on its Price-To-Earnings Ratio (4.8x) compared to the TW Real Estate industry average (12.2x)


Price to Earnings Ratio vs Fair Ratio

What is 6177's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

6177 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio4.8x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate 6177's Price-To-Earnings Fair Ratio for valuation analysis.


Share Price vs Fair Value

What is the Fair Price of 6177 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 6177 (NT$26.4) is trading below our estimate of fair value (NT$353.11)

Significantly Below Fair Value: 6177 is trading below fair value by more than 20%.


Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Insufficient data to show price forecast.


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Future Growth

How is Da-Li DevelopmentLtd forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

Future Growth Score

0/6

Future Growth Score 0/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


11.9%

Forecasted Real Estate industry annual growth in earnings

In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Da-Li DevelopmentLtd has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


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  • Examine whether Da-Li DevelopmentLtd is trading at an attractive price based on how much it is expected to earn in the future, and relative to its industry peers and the wider market.

Past Performance

How has Da-Li DevelopmentLtd performed over the past 5 years?

Past Performance Score

5/6

Past Performance Score 5/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


15.0%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: 6177 has high quality earnings.

Growing Profit Margin: 6177's current net profit margins (14.9%) are higher than last year (11.7%).


Past Earnings Growth Analysis

Earnings Trend: 6177's earnings have grown by 15% per year over the past 5 years.

Accelerating Growth: 6177's earnings growth over the past year (501.5%) exceeds its 5-year average (15% per year).

Earnings vs Industry: 6177 earnings growth over the past year (501.5%) exceeded the Real Estate industry 6.2%.


Return on Equity

High ROE: Whilst 6177's Return on Equity (29.95%) is high, this metric is skewed due to their high level of debt.


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Financial Health

How is Da-Li DevelopmentLtd's financial position?

Financial Health Score

3/6

Financial Health Score 3/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: 6177's short term assets (NT$30.0B) exceed its short term liabilities (NT$22.2B).

Long Term Liabilities: 6177's short term assets (NT$30.0B) exceed its long term liabilities (NT$6.0B).


Debt to Equity History and Analysis

Debt Level: 6177's net debt to equity ratio (291.5%) is considered high.

Reducing Debt: 6177's debt to equity ratio has increased from 162.6% to 300.5% over the past 5 years.

Debt Coverage: 6177's debt is not well covered by operating cash flow (16%).

Interest Coverage: 6177's interest payments on its debt are well covered by EBIT (147.5x coverage).


Balance Sheet


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Dividend

What is Da-Li DevelopmentLtd current dividend yield, its reliability and sustainability?

Dividend Score

4/6

Dividend Score 4/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Cash Flow Coverage


11.36%

Current Dividend Yield

Dividend Yield vs Market

Da-Li DevelopmentLtd Dividend Yield vs Market
How does Da-Li DevelopmentLtd dividend yield compare to the market?
SegmentDividend Yield
Company (Da-Li DevelopmentLtd)11.4%
Market Bottom 25% (TW)2.6%
Market Top 25% (TW)7.0%
Industry Average (Real Estate)6.7%
Analyst forecast in 3 Years (Da-Li DevelopmentLtd)n/a

Notable Dividend: 6177's dividend (11.36%) is higher than the bottom 25% of dividend payers in the TW market (2.59%).

High Dividend: 6177's dividend (11.36%) is in the top 25% of dividend payers in the TW market (7.04%)


Stability and Growth of Payments

Stable Dividend: 6177 has been paying a dividend for less than 10 years and during this time payments have been volatile.

Growing Dividend: 6177's dividend payments have increased, but the company has only paid a dividend for 8 years.


Earnings Payout to Shareholders

Earnings Coverage: With its reasonable payout ratio (54.6%), 6177's dividend payments are covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: With its reasonably low cash payout ratio (34.9%), 6177's dividend payments are well covered by cash flows.


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Management

How experienced are the management team and are they aligned to shareholders interests?

5.6yrs

Average management tenure


CEO

James Hsieh

1.25yrs

Tenure

Mr. Chih-Chang Hsieh, also known as James, serves as Chairman of the Board since July 7, 2021 at Da-Li Development Co.,Ltd and has been its General Manager since December 30, 2006.


Leadership Team

Experienced Management: 6177's management team is seasoned and experienced (5.6 years average tenure).


Board Members

Experienced Board: 6177's board of directors are not considered experienced ( 1.3 years average tenure), which suggests a new board.


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

What is the ownership structure of 6177?
Owner TypeNumber of SharesOwnership Percentage
Institutions6,589,4931.7%
Private Companies19,679,4035.1%
General Public361,641,70493.2%

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Top 5 shareholders own 6.77% of the company
OwnershipNameSharesCurrent ValueChange %Portfolio %
5.07%
Wanjiaxing Investment Co., Ltd.
19,679,403NT$519.5m0%no data
1.13%
Dimensional Fund Advisors LP
4,386,005NT$115.8m0.47%no data
0.54%
State Street Global Advisors, Inc.
2,082,246NT$55.0m4.62%no data
0.031%
Northern Trust Global Investments
119,000NT$3.1m0%no data
0.00058%
American Century Investment Management Inc
2,242NT$59.2k0%no data

Company Information

Da-Li Development Co.,Ltd.'s employee growth, exchange listings and data sources


Key Information

  • Name: Da-Li Development Co.,Ltd.
  • Ticker: 6177
  • Exchange: TWSE
  • Founded: 1977
  • Industry: Real Estate Development
  • Sector: Real Estate
  • Implied Market Cap: NT$10.241b
  • Shares outstanding: 387.91m
  • Website: https://www.da-li.com.tw

Location

  • Da-Li Development Co.,Ltd.
  • No. 96, Jianguo North Road
  • 10th Floor
  • Taipei
  • 104
  • Taiwan


Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
6177TWSE (Taiwan Stock Exchange)YesCommon StockTWTWDJan 2002

Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/10/04 00:00
End of Day Share Price2022/10/04 00:00
Earnings2022/06/30
Annual Earnings2021/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.