SanDi Properties Co (TPE:1438) Debt-to-EBITDA : 18.70 (As of Mar. 2026) — Near Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

TPE:1438 SanDi Properties Co Ltd TPE:1438
49 GF Score
Price NT$22.45
GF Value NT$61.66
Valuation Possible Value Trap
! 7 Warning Signs
View Full Analysis

What is SanDi Properties Co Debt-to-EBITDA?

SanDi Properties Co TPE:1438 +0.45% 49 Debt-to-EBITDA is 18.70 as of Mar. 2026, which is 3% below its 10-year median of 19.22. GuruFocus rates TPE:1438 with a GF Score™ of 49/100 and a GF Value™ of NT$61.66 (Possible Value Trap). The stock has 7 warning signs investors should review. Among 1,282 Real Estate companies, SanDi Properties Co ranks worse than 88.61% on this metric.

Debt-to-EBITDA measures a company's ability to pay off its debt.

SanDi Properties Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2026 was NT$7,506 Mil. SanDi Properties Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2026 was NT$1,149 Mil. SanDi Properties Co's annualized EBITDA for the quarter that ended in Mar. 2026 was NT$463 Mil. SanDi Properties Co's annualized Debt-to-EBITDA for the quarter that ended in Mar. 2026 was 18.70.

A high Debt-to-EBITDA ratio generally means that a company may spend more time to paying off its debt. According to Joel Tillinghast's BIG MONEY THINKS SMALL: Biases, Blind Spots, and Smarter Investing, a ratio of Debt-to-EBITDA exceeding four is usually considered scary unless tangible assets cover the debt.

The historical rank and industry rank for SanDi Properties Co's Debt-to-EBITDA or its related term are showing as below:

TPE:1438' s Debt-to-EBITDA Range Over the Past 10 Years
Min: -0.09   Med: 19.22   Max: 484.22
Current: 20.32

During the past 13 years, the highest Debt-to-EBITDA Ratio of SanDi Properties Co was 484.22. The lowest was -0.09. And the median was 19.22.

TPE:1438's Debt-to-EBITDA is ranked worse than
88.61% of 1282 companies
in the Real Estate industry
Industry Median: 5.485 vs TPE:1438: 20.32

SanDi Properties Co  (TPE:1438) Debt-to-EBITDA Explanation

In the calculation of Debt-to-EBITDA, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by EBITDA. In some calculations, Total Liabilities is used to for calculation.


Be Aware

A high Debt-to-EBITDA ratio generally means that a company may spend more time to paying off its debt.

According to Joel Tillinghast's BIG MONEY THINKS SMALL: Biases, Blind Spots, and Smarter Investing, a ratio of Debt-to-EBITDA exceeding four is usually considered scary unless tangible assets cover the debt.


SanDi Properties Co Debt-to-EBITDA Related Terms


SanDi Properties Co Debt-to-EBITDA Historical Data

* Premium members only.

The historical data trend for SanDi Properties Co's Debt-to-EBITDA can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

SanDi Properties Co Debt-to-EBITDA Chart

SanDi Properties Co Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Debt-to-EBITDA
Get a 7-Day Free Trial Premium Member Only Premium Member Only 108.45 12.74 196.41 484.22 28.92

SanDi Properties Co Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Debt-to-EBITDA Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -198.93 -630.90 -1,263.47 6.90 18.70

SanDi Properties Co Debt-to-EBITDA Competitor Comparison

For the Real Estate - Diversified subindustry, SanDi Properties Co's Debt-to-EBITDA, along with its competitors' market caps and Debt-to-EBITDA data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


SanDi Properties Co Debt-to-EBITDA vs Real Estate Industry

For the Real Estate industry and Real Estate sector, SanDi Properties Co's Debt-to-EBITDA distribution charts can be found below:

* The bar in red indicates where SanDi Properties Co's Debt-to-EBITDA falls into.


TPE:1438
49GF Score
SanDi Properties Co Ltd TPE:1438
Debt-to-EBITDA is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

SanDi Properties Co Debt-to-EBITDA Calculation

Debt-to-EBITDA measures a company's ability to pay off its debt.

SanDi Properties Co's Debt-to-EBITDA for the fiscal year that ended in Dec. 2025 is calculated as

Debt-to-EBITDA=Total Debt / EBITDA
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / EBITDA
=(7555.375 + 1134.066) / 300.468
=28.92

SanDi Properties Co's annualized Debt-to-EBITDA for the quarter that ended in Mar. 2026 is calculated as

Debt-to-EBITDA=Total Debt / EBITDA
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / EBITDA
=(7506.258 + 1148.751) / 462.952
=18.70

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

In the calculation of annual Debt-to-EBITDA, the EBITDA of the last fiscal year is used. In calculating the annualized quarterly data, the EBITDA data used here is four times the quarterly (Mar. 2026) EBITDA data.

Frequently Asked Questions Learn more about Debt-to-EBITDA →
What does a Debt-to-EBITDA of 18.70 mean?
SanDi Properties Co (TPE:1438) has a Debt-to-EBITDA of 18.70 as of Mar. 2026. Debt-to-EBITDA ratio represents the ratio of total debt to total earnings before interest, taxes, depreciation and amortization. View historical data on SanDi Properties Co. This is near median its historical median of 19.22. According to the industry distribution chart, SanDi Properties Co ranks #1136 out of 1282 companies in the Real Estate industry, placing it in the top 88.6%.
Is SanDi Properties Co's Debt-to-EBITDA too high?
SanDi Properties Co's current Debt-to-EBITDA of 18.70 is near median its 10-year median of 19.22. The Real Estate industry median Debt-to-EBITDA is 5.49. SanDi Properties Co's value of 18.70 is 240.9% above this industry median. Based on the distribution chart, SanDi Properties Co ranks #1136 out of 1282 companies in the Real Estate industry, which is in the bottom quartile relative to peers. Overall, SanDi Properties Co has a GF Score™ of 49/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does SanDi Properties Co's Debt-to-EBITDA compare to competitors?
According to the Real Estate industry distribution chart, SanDi Properties Co ranks #1136 out of 1282 companies for Debt-to-EBITDA. This places SanDi Properties Co in the lower half of its industry. The industry median Debt-to-EBITDA is 5.49. SanDi Properties Co's value of 18.70 is 240.9% above this benchmark. While the company's 10-year median is 19.22 vs. the industry median of 5.49, SanDi Properties Co has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Debt-to-EBITDA for a Real Estate company?
The median Debt-to-EBITDA among Real Estate companies is 5.49, based on 1,282 companies in the industry. Companies in the top quartile (top 25%) have a Debt-to-EBITDA significantly above this median, while those in the bottom quartile fall well below. However, Debt-to-EBITDA should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. SanDi Properties Co's current Debt-to-EBITDA of 18.70 is 240.9% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Debt-to-EBITDA mean?
A high Debt-to-EBITDA can signal that a stock is expensive relative to its fundamentals. Debt-to-EBITDA ratio represents the ratio of total debt to total earnings before interest, taxes, depreciation and amortization. View historical data on SanDi Properties Co. For the Real Estate industry, the median Debt-to-EBITDA is 5.49 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. SanDi Properties Co's current Debt-to-EBITDA is 18.70, which is near median its own 10-year median of 19.22. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is SanDi Properties Co stock overvalued right now?
Based on GuruFocus' analysis, SanDi Properties Co (TPE:1438) is currently considered Possible Value Trap. The stock's GF Value™ is NT$61.66, compared to a current price of NT$22.45 — trading 63.6% below its estimated fair value. The current Debt-to-EBITDA is 18.70, which is near median its 10-year median of 19.22 and 240.9% above the Real Estate industry median of 5.49. SanDi Properties Co's overall GF Score™ is 49/100 with 7 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Debt-to-EBITDA calculated?
Debt-to-EBITDA is calculated from a company's financial statements. For SanDi Properties Co (TPE:1438), the current Debt-to-EBITDA is 18.70 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is SanDi Properties Co (TPE:1438) Overvalued in 2026?

Based on GuruFocus' analysis, SanDi Properties Co stock appears to be undervalued. The current stock price of NT$22.45 is trading 63.6% below its estimated GF Value™ of NT$61.66. GuruFocus considers SanDi Properties Co to be Possible Value Trap.

Key valuation signals for TPE:1438:

  • Debt-to-EBITDA: 18.70 (near median its 10-year median of 19.22)
  • GF Value™: NT$61.66 vs. price of NT$22.45 (63.6% below fair value)
  • GF Score™: 49/100 with 7 warning signs
  • Industry Position: 240.9% above the Real Estate median (#1136 of 1282)

No single metric tells the full story. See the TPE:1438 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


SanDi Properties Co Business Description

Address No. 175, Zhongzheng 2nd Road, 16th Floor-3, Lingya District, Kaohsiung, TWN, 802406
SanDi Properties Co Ltd, is engaged in the construction of commercial buildings, industrial buildings, residential rental and sales business, and real estate trading business. The company generates a majority of revenue from Taiwan.
49GF Score

Get the complete analysis for TPE:1438

Debt-to-EBITDA is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

NT$22.45
Price
NT$61.66
GF Value