SanDi Properties Co (TPE:1438) ROE %: 39.21% (As of Dec. 2025)


TPE:1438 SanDi Properties Co Ltd TPE:1438
49 GF Score
Price NT$21.95
GF Value NT$59.78
Valuation Possible Value Trap
! 9 Warning Signs
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What is SanDi Properties Co ROE %?

SanDi Properties Co TPE:1438 49 ROE % is 39.21% as of Dec. 2025. GuruFocus rates TPE:1438 with a GF Score™ of 49/100 and a GF Value™ of NT$59.78 (Possible Value Trap). The stock has 9 warning signs investors should review. Among 1,731 Real Estate companies, SanDi Properties Co ranks better than 61.53% on this metric.

ROE % is calculated as Net Income divided by its average Total Stockholders Equity over a certain period of time. SanDi Properties Co's annualized net income for the quarter that ended in Dec. 2025 was NT$1,174 Mil. SanDi Properties Co's average Total Stockholders Equity over the quarter that ended in Dec. 2025 was NT$2,996 Mil. Therefore, SanDi Properties Co's annualized ROE % for the quarter that ended in Dec. 2025 was 39.21%.

The historical rank and industry rank for SanDi Properties Co's ROE % or its related term are showing as below:

TPE:1438' s ROE % Range Over the Past 10 Years
Min: -5.86   Med: -1.16   Max: 23.91
Current: 6.58

During the past 13 years, SanDi Properties Co's highest ROE % was 23.91%. The lowest was -5.86%. And the median was -1.16%.

TPE:1438's ROE % is ranked better than
61.53% of 1731 companies
in the Real Estate industry
Industry Median: 4.02 vs TPE:1438: 6.58

SanDi Properties Co  (TPE:1438) ROE % Explanation

ROE % measures the rate of return on the ownership interest (shareholder's equity) of the common stock owners. It measures a firm's efficiency at generating profits from every unit of shareholders' equity (also known as net assets or assets minus liabilities). ROE % shows how well a company uses investment funds to generate earnings growth. ROE %s between 15% and 20% are considered desirable.

The factors that affect a company's ROE % can be illustrated with the three-step DuPont Analysis:

ROE %(Q: Dec. 2025 )
=Net Income/Total Stockholders Equity
=1174.488/2995.734
=(Net Income / Revenue )*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(1174.488 / 4954.032)*(4954.032 / 14369.4045)*(14369.4045 / 2995.734)
=Net Margin %*Asset Turnover*Equity Multiplier
=23.71 %*0.3448*4.7966
=ROA %*Equity Multiplier
=8.18 %*4.7966
=39.21 %

With this breakdown, it is clear that if a company grows its Net Profit Margin, its Asset Turnover, or its Leverage, it can grow its ROE %.

The factors that affect a company's ROE % can also be illustrated with the five-step DuPont Analysis:

ROE %(Q: Dec. 2025 )
=Net Income/Total Stockholders Equity
=1174.488/2995.734
=(Net Income / Pre-Tax Income) * (Pre-Tax Income / Operating Income) * (Operating Income / Revenue) * (Revenue / Total Assets) * (Total Assets / Total Stockholders Equity)
= (1174.488 / 1117.796) * (1117.796 / 1282.552) * (1282.552 / 4954.032) * (4954.032 / 14369.4045) * (14369.4045 / 2995.734)
= Tax Burden * Interest Burden * Operating Margin % * Asset Turnover * Equity Multiplier
= 1.0507 * 0.8715 * 25.89 % * 0.3448 * 4.7966
=39.21 %

Note: The net income data used here is four times the quarterly (Dec. 2025) net income data. The Revenue data used here is four times the quarterly (Dec. 2025) revenue data. The same rule applies to Pre-Tax Income and Operating Income.
* In the five-step DuPont Analysis, Operating Income is only available for non-financial companies. Thus, for Insurance companies, we use EBIT as a substitution of Operating Income. For Banks, both Operating Income and EBIT is unavailable. Thus we combined Interest Burden and Operating Margin % into Pretax Margin %, and the DuPont Analysis is divided into four components instead.

* 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.


Be Aware

Net Income is used.

Because a company can increase its ROE % by having more financial leverage, it is important to watch the equity multiplier when investing in high ROE % companies. Like ROA %, ROE % is calculated with only 12 months data. Fluctuations in company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.

Asset light businesses require very few assets to generate very high earnings. Their ROE %s can be extremely high.


SanDi Properties Co ROE % Related Terms


SanDi Properties Co ROE % Historical Data

* Premium members only.

The historical data trend for SanDi Properties Co's ROE % 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 ROE % Chart

SanDi Properties Co Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
ROE %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 3.60 23.91 -3.36 -5.86 6.37

SanDi Properties Co Quarterly Data
Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25
ROE % 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 -8.34 -5.58 -3.99 -4.15 39.21

SanDi Properties Co ROE % Competitor Comparison

For the Real Estate - Diversified subindustry, SanDi Properties Co's ROE %, along with its competitors' market caps and ROE % 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 ROE % vs Real Estate Industry

For the Real Estate industry and Real Estate sector, SanDi Properties Co's ROE % distribution charts can be found below:

* The bar in red indicates where SanDi Properties Co's ROE % falls into.


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

SanDi Properties Co ROE % Calculation

SanDi Properties Co's annualized ROE % for the fiscal year that ended in Dec. 2025 is calculated as

ROE %=Net Income (A: Dec. 2025 )/( (Total Stockholders Equity (A: Dec. 2024 )+Total Stockholders Equity (A: Dec. 2025 ))/ count )
=194.02/( (2952.757+3140.759)/ 2 )
=194.02/3046.758
=6.37 %

SanDi Properties Co's annualized ROE % for the quarter that ended in Dec. 2025 is calculated as

ROE %=Net Income (Q: Dec. 2025 )/( (Total Stockholders Equity (Q: Sep. 2025 )+Total Stockholders Equity (Q: Dec. 2025 ))/ count )
=1174.488/( (2850.709+3140.759)/ 2 )
=1174.488/2995.734
=39.21 %

* 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 ROE %, the net income of the last fiscal year and the average total shareholder equity over the fiscal year are used. In calculating the quarterly data, the net income data used here is four times the quarterly (Dec. 2025) net income data. ROE % is displayed in the 30-year financial page.

Frequently Asked Questions Learn more about ROE % →
What does a ROE % of 39.21% mean?
SanDi Properties Co (TPE:1438) has a ROE % of 39.21% as of Dec. 2025. Return on equity is the ratio of current-period net income to average two-period total equity. View historical data on SanDi Properties Co and its competitors. According to the industry distribution chart, SanDi Properties Co ranks #666 out of 1731 companies in the Real Estate industry, placing it in the top 38.5%.
Is SanDi Properties Co's ROE % too high?
SanDi Properties Co's current ROE % is 39.21%. The Real Estate industry median ROE % is 4.02. SanDi Properties Co's value of 39.21% is 875.4% above this industry median. Based on the distribution chart, SanDi Properties Co ranks #666 out of 1731 companies in the Real Estate industry, which is above the industry midpoint. 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 ROE % compare to competitors?
According to the Real Estate industry distribution chart, SanDi Properties Co ranks #666 out of 1731 companies for ROE %. This puts SanDi Properties Co in the upper half of its industry. The industry median ROE % is 4.02. SanDi Properties Co's value of 39.21% is 875.4% above this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good ROE % for a Real Estate company?
The median ROE % among Real Estate companies is 4.02, based on 1,731 companies in the industry. Companies in the top quartile (top 25%) have a ROE % significantly above this median, while those in the bottom quartile fall well below. However, ROE % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. SanDi Properties Co's current ROE % of 39.21% is 875.4% 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 ROE % mean?
A high ROE % can signal that a stock is expensive relative to its fundamentals. Return on equity is the ratio of current-period net income to average two-period total equity. View historical data on SanDi Properties Co and its competitors. For the Real Estate industry, the median ROE % is 4.02 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. SanDi Properties Co's current ROE % is 39.21%. 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$59.78, compared to a current price of NT$21.95 — trading 63.3% below its estimated fair value. The current ROE % is 39.21% and 875.4% above the Real Estate industry median of 4.02. SanDi Properties Co's overall GF Score™ is 49/100 with 9 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is ROE % calculated?
ROE % is calculated from a company's financial statements. For SanDi Properties Co (TPE:1438), the current ROE % is 39.21% as of Dec. 2025. 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$21.95 is trading 63.3% below its estimated GF Value™ of NT$59.78. GuruFocus considers SanDi Properties Co to be Possible Value Trap.

Key valuation signals for TPE:1438:

  • ROE %: 39.21%
  • GF Value™: NT$59.78 vs. price of NT$21.95 (63.3% below fair value)
  • GF Score™: 49/100 with 9 warning signs
  • Industry Position: 875.4% above the Real Estate median (#666 of 1731)

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

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

NT$21.95
Price
NT$59.78
GF Value