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← CockpitCompetitor Analysis › 2546.TW Kedge Construction Co., Ltd.Open in the cockpit ↗

Kedge Construction Co., Ltd.2546.TWCompetitor analysis, valuation and peers

Taiwan · TWD·Industrials›Engineering & Construction
Momentum leader 85
Mkt cap
$433M
US dollars, full cap
Free float
62%
of shares outstanding
$/day
$450,029
20-day average traded
Fwd P/E
n/m
no positive forecast
ROIC−WACC
n/a
WACC 5.0%
Hurdle
n/a
no reverse DCF
Close · TWDNT$98.00
1D-0.5%
1W-4.4%
1M-7.5%
3M+9.9%
6M+15.0%
YTD+13.2%
1Y+14.2%
ATR %2.8%
52w lowhigh18.3% off high

What Kedge Construction does

Employees: 622

Kedge Construction at a glance

Size Kedge Construction (2546.TW) is a Taiwan Industrials company (Engineering & Construction) with a market value of $433M, the 499th largest of 687 Taiwan companies the cockpit tracks. Shares closed at NT$98.00 on 6 Nov 2026.

Performance Over six months the shares gained 15.0%, against -10.2% for the median peer and -3.4% for the Taiwan market (cap-weighted) — 2nd highest of 20 in its peer set.

Growth Revenue grew 38.0% over the last twelve months (peer median -4.9%); the operating margin is 9.6% (peer median 6.1%).

Valuation It trades at 0.3× enterprise value to sales against a peer median of 1.7× (3rd cheapest of 21).

Relative performance

10012014011 May 202611 Aug 20266 Nov 20262546.TW 116Peer median 90
Six months, rebased to 100: Kedge Construction against the median of its 20 peers (local-currency closes).

Kedge Construction financials

Reported figures in TWD; fiscal year ends 2025-12-31. TTM = trailing twelve months.
TTMFY2025FY2024FY2023FY2022
RevenueNT$23.5BNT$21.5BNT$14.2BNT$14.3BNT$14.2B
Revenue growth—+51%0%+1%—
Gross profitNT$2.66BNT$1.80BNT$1.30BNT$1.49BNT$1.59B
EBITDANT$2.33BNT$1.50BNT$1.02BNT$1.21BNT$1.30B
Net incomeNT$1.95BNT$1.24BNT$874MNT$990MNT$1.05B
Free cash flowNT$2.62BNT$2.02B-NT$170MNT$1.28BNT$849M
Capital expenditureNT$43.9MNT$48.3MNT$16.9MNT$15.6MNT$21.1M
Total debtNT$558MNT$567MNT$427MNT$383MNT$845M

Quarterly statements and history in the cockpit →

Kedge Construction competitor charts

The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.

Performance: 6-month against 1-month return

-40%-20%0%+20%-20%-10%0%9743603357AMPSYLGVPIL688509E3B1852DOM300746600512603559157630113625201921PXM25302546.TW6-month return →1-month return →
Up and to the right = strong over both horizons. Kedge Construction is the large dot.

Fundamentals: revenue growth against valuation

-40%-20%0%+20%0×2.5×5×7.5×9743603357AMPSYLGVPIL688509E3B1852DOM300746600512LCCPROJECT603559157630113625201921PXM25302546.TWRevenue growth (TTM) →EV / Sales →
Further right = faster growth; higher = more expensive. The dashed lines are the peer medians. Kedge Construction is the large dot.

Kedge Construction competitors and peer comparison

How Kedge Construction compares with its peers

Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.

Kedge Construction against its 20 peers (data as of 6 Nov 2026)
Measure2546.TWPeer medianRank in peer set
1-month return-7.5%-6.2%10th lowest of 21
6-month return+15.0%-10.2%2nd highest of 20
Distance from 52-week high-18.3%-30.3%6th highest of 21
Revenue growth (TTM)+38.0%-4.9%highest of 21
Operating margin9.6%6.1%8th highest of 21
EV / Sales0.3×1.7×3rd cheapest of 21
EV / EBITDA3.2×8.7×cheapest of 15
Net debt / EBITDA-2.9×0.9×2nd least indebted of 17

Peer table

Peer set: Industry: the same industry and sector in any market, nearest in size
CompanyMarketMarket cap6M returnRevenue growthOp. marginEV / SalesReq gDelivered g
Kedge Construction 2546.TWTaiwan$433M+15%+38%10%0.3×n/an/a
TANSEISHA 9743.TJapan$432M+1%-7%6%0.5×-6.0%+9.1%
Anhui Transport Consulting & Design Institute 603357.SSChina$436M-31%-39%12%1.3×-7.3%+5.7%
Amper AMP.MCSpain$437M-8%-37%7%2.2×n/an/a
Symal SYL.AXAustralia$439M+2%+28%4%0.7×14.7%+17.9%
GE Power India GVPIL.NSIndia$427M-10%+19%23%3.1×17.8%-17.6%
Zhengyuan Geomatics 688509.SSChina$440M-16%-22%-44%7.3×30.4%-19.7%
Wee Hur E3B.SISingapore$425M-18%+22%26%2.1×-14.2%+9.2%
Asanuma 1852.TJapan$425M-9%-4%5%0.3×-17.6%+4.8%
Global Dominion Access DOM.MCSpain$442M-16%-10%6%0.7×-7.5%+0.3%
Hanjia Digital Intelligence Science and Technology 300746.SZChina$452M+7%-2%0%3.4×47.6%-10.5%
Tengda Construction 600512.SSChina$452M-21%+32%-3%0.2×n/an/a
LCC Projects LCCPROJECT.NSIndia$414Mn/a+23%12%1.2×8.6%+43.2%
Zhongtongguomai Communication 603559.SSChina$455M-1%+1%-18%6.7×n/an/a
Qilu Expressway 1576.HKHong Kong$412M-10%-53%29%6.6×5.5%+6.3%
Kawada Technologies 3443.TJapan$411M-17%-11%8%0.5×-10.4%-0.1%
Fujian Tendering 301136.SZChina$409M-39%-5%-4%3.0×n/an/a
Shanxi Installation 2520.HKHong Kong$408M+25%-16%3%1.4×n/an/a
Tomoe 1921.TJapan$408M-5%+3%14%2.1×-2.9%+8.5%
Polimex - Mostostal PXM.WAPoland$462M-14%+21%4%0.3×2.2%+20.7%
Delpha Construction 2530.TWTaiwan$462M-11%-59%26%10.2×n/an/a

Questions

Which companies are Kedge Construction's closest peers?
The cockpit's peer set: TANSEISHA (9743.T), Anhui Transport Consulting & Design Institute (603357.SS), Amper (AMP.MC), Symal (SYL.AX), GE Power India (GVPIL.NS), Zhengyuan Geomatics (688509.SS), Wee Hur (E3B.SI), Asanuma (1852.T).
Is Kedge Construction expensive compared with its peers?
On ev / sales it trades at 0.3× against a peer median of 1.7×, 3rd cheapest of 21 in its peer set.
How has Kedge Construction stock performed?
Over six months to 6 Nov 2026 the shares returned +15.0% against -10.2% for the median peer; over one year +14.2%.

How these numbers are made. Returns are close-to-close in local currency. Revenue growth and margins are trailing twelve months. Req g is the revenue growth that today's enterprise value requires for seven years at the company's own cost of capital; Delivered g is what it actually grew; the gap is the hurdle (honest precision about ±8 points, so read the ranking more than the decimal). No fair values, price targets or analyst ratings are shown, by design. Method and validation.