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Major Taiwanese construction and engineering firm, part of Ruentex Group, building commercial and residential projects.
Major Taiwanese construction and engineering firm, part of Ruentex Group, building commercial and residential projects.
Wins building contracts by bid and books revenue as each project advances, so earnings follow the size and timing of its order backlog rather than steady yearly sales. It belongs to the Ruentex group, which also owns property developers.
In one line: A diversified Taiwanese construction group, part of a larger retail-and-property conglomer.
Moat: none (scale). General contractor competing on project bids in a cyclical construction market.
Headquarters: Taipei, Taiwan · Employees: 2,156
Size Ruentex Engineering & Construction (2597.TW) is a Taiwan Industrials company (Engineering & Construction) with a market value of $1.50B, the 201st largest of 687 Taiwan companies the cockpit tracks. Shares closed at NT$160.00 on 6 Nov 2026.
Performance Over six months the shares gained 4.9%, against -12.5% for the median peer and -3.4% for the Taiwan market (cap-weighted) — 6th highest of 21 in its peer set.
Growth Revenue grew 19.7% over the last twelve months (peer median +0.5%); the operating margin is 13.9% (peer median 5.3%).
Valuation It trades at 1.7× enterprise value to sales against a peer median of 1.1× (7th most expensive of 21).
Price implies For today's price to make sense, revenue must grow about -5% a year for seven years (Req g). Recent delivered growth is +17%, so the hurdle is -22 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 16.8 points above its cost of capital (5.0% WACC).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | NT$33.6B | NT$31.5B | NT$26.2B | NT$22.5B | NT$24.6B |
| Revenue growth | — | +20% | +17% | -8% | — |
| Gross profit | NT$5.95B | NT$5.48B | NT$4.66B | NT$3.46B | NT$3.38B |
| EBITDA | NT$5.26B | NT$4.82B | NT$4.01B | NT$2.88B | NT$2.82B |
| Net income | NT$3.62B | NT$3.34B | NT$2.77B | NT$1.90B | NT$2.06B |
| Free cash flow | NT$1.14B | NT$1.31B | NT$4.06B | NT$1.90B | NT$3.05B |
| Capital expenditure | NT$770M | NT$1.07B | NT$387M | NT$477M | NT$440M |
| Total debt | NT$7.90B | NT$7.17B | NT$7.10B | NT$7.21B | NT$8.66B |
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.
| Company | Market cap | 6M return | Revenue growth | Op. margin | EV / Sales | Req g |
|---|---|---|---|---|---|---|
| Ruentex Engineering & Construction 2597.TW | $1.50B | +5% | +20% | 14% | 1.7× | -5.0% |
| CTCI 9933.TW | $1.29B | +22% | -22% | 9% | 0.3× | n/a |
| Farglory Land Development 5522.TW | $1.34B | -18% | +164% | 26% | 1.9× | -13.6% |
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.
| Measure | 2597.TW | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -2.1% | -4.8% | 9th highest of 21 |
| 6-month return | +4.9% | -12.5% | 6th highest of 21 |
| Distance from 52-week high | -21.9% | -30.8% | 5th highest of 21 |
| Revenue growth (TTM) | +19.7% | +0.5% | 5th highest of 21 |
| Operating margin | 13.9% | 5.3% | 4th highest of 21 |
| EV / Sales | 1.7× | 1.1× | 7th most expensive of 21 |
| Growth the price implies (Req g, 7 yrs) | -5.0% | -1.4% | 7th least demanding of 15 |
| Growth delivered (Del g) | +16.8% | +3.5% | 4th highest of 15 |
| Hurdle (Req g minus delivered) | -21.8 pp | -8.8 pp | least demanding of 15 |
| ROIC minus cost of capital | +16.8 pp | +1.0 pp | 3rd highest of 21 |
| EV / EBITDA | 10.9× | 8.8× | 4th most expensive of 9 |
| Net debt / EBITDA | 1.1× | 0.2× | 3rd most indebted of 10 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | EV / Sales | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Ruentex Engineering & Construction 2597.TW | Taiwan | $1.50B | +5% | +20% | 14% | 1.7× | -5.0% | +16.8% |
| Dl E&c 375500.KS | South Korea | $1.53B | -48% | -17% | 4% | 0.3× | -8.3% | -5.3% |
| SRG Global SRG.AX | Australia | $1.46B | +7% | +27% | 7% | 1.3× | 16.4% | +24.1% |
| Hongrun Construction 002062.SZ | China | $1.45B | -11% | -12% | 7% | 1.8× | 5.6% | -12.6% |
| Shaanxi Construction Engineering 600248.SS | China | $1.45B | -25% | -25% | 0% | 0.7× | n/a | n/a |
| Jiangxi Ganyue Expressway 600269.SS | China | $1.44B | -7% | +3% | 28% | 3.0× | -11.6% | +4.4% |
| Zhejiang Youpon Integrated Ceiling 002718.SZ | China | $1.58B | +12% | -18% | -5% | 24.0× | n/a | n/a |
| China CAMC Engineering 002051.SZ | China | $1.58B | -15% | +14% | 5% | 0.6× | n/a | n/a |
| Zhejiang Construction Investment 002761.SZ | China | $1.42B | -14% | -12% | 0% | 0.3× | 13.0% | +0.4% |
| MIRAIT ONE 1417.T | Japan | $1.60B | -24% | +5% | 6% | 0.5× | -5.7% | +5.4% |
| Implenia IMPN.SW | Switzerland | $1.61B | +12% | -8% | 2% | 0.5× | 6.0% | -2.7% |
| Beijing Gehua CATV Network 600037.SS | China | $1.40B | -16% | +24% | -5% | 1.1× | n/a | n/a |
| Shandong Hi-speed Road&bridge 000498.SZ | China | $1.65B | +20% | -9% | 7% | 1.1× | n/a | n/a |
| Japan Elevator Service 6544.T | Japan | $1.65B | -9% | +17% | 19% | 4.4× | 4.0% | +18.6% |
| Kepco Kps 051600.KS | South Korea | $1.37B | -34% | +6% | 9% | 1.0× | -6.1% | +3.9% |
| China Aluminum International Engineering 601068.SS | China | $1.68B | -34% | -10% | 4% | 1.2× | 10.9% | +0.1% |
| Farglory Land Development 5522.TW | Taiwan | $1.34B | -18% | +164% | 26% | 1.9× | -13.6% | +3.0% |
| Envision Greenwise 1783.HK | Hong Kong | $1.68B | +38% | +183% | 3% | 5.3× | n/a | n/a |
| NCC NCC-A.ST | Sweden | $1.69B | -3% | -17% | 3% | 0.4× | -1.6% | +0.7% |
| Chudenko 1941.T | Japan | $1.71B | +3% | +9% | 12% | 0.9× | -8.6% | +4.3% |
| Burkhalter BRKN.SW | Switzerland | $1.71B | -27% | -2% | 6% | 1.2× | -1.3% | +19.0% |