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Provides cleanroom and factory engineering for Taiwan's semiconductor and pharmaceutical plants.
Provides cleanroom and factory engineering for Taiwan's semiconductor and pharmaceutical plants.
In one line: Another specialized semiconductor cleanroom construction contractor.
Moat: narrow (process know-how, customer qualification). Niche cleanroom engineering skill set tied closely to Taiwan's semiconductor fab buildout.
Headquarters: Hsinchu, Taiwan · Founded: 1996
Size L&K Engineering (6139.TW) is a Taiwan Industrials company (Engineering & Construction) with a market value of $3.81B, the 106th largest of 687 Taiwan companies the cockpit tracks. Shares closed at NT$535.00 on 6 Nov 2026.
Performance Over six months the shares fell 22.6%, against -15.1% for the median peer and -3.4% for the Taiwan market (cap-weighted) — 9th lowest of 21 in its peer set.
Growth Revenue grew 77.7% over the last twelve months (peer median +5.9%); the operating margin is 16.8% (peer median 8.3%).
Valuation It trades at 6.5× forward earnings against a peer median of 18.1× (cheapest of 21).
Price implies For today's price to make sense, revenue must grow about -9% a year for seven years (Req g). Recent delivered growth is +41%, so the hurdle is -50 pp: the price already allows for a slowdown.
Next results Next results expected around 17 Nov 2026 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | NT$96.4B | NT$77.5B | NT$65.1B | NT$56.9B | NT$35.7B |
| Revenue growth | — | +19% | +14% | +59% | — |
| Gross profit | NT$18.6B | NT$12.3B | NT$8.02B | NT$5.05B | NT$2.64B |
| EBITDA | NT$16.4B | NT$10.3B | NT$6.84B | NT$4.25B | NT$1.78B |
| Net income | NT$11.7B | NT$7.14B | NT$4.34B | NT$2.89B | NT$999M |
| Free cash flow | NT$14.5B | NT$23.0B | NT$12.5B | NT$5.75B | NT$7.41B |
| Capital expenditure | NT$194M | NT$239M | NT$107M | NT$46.0M | NT$172M |
| Total debt | NT$2.62B | NT$2.33B | NT$1.84B | NT$2.64B | NT$5.32B |
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 | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| L&K Engineering 6139.TW | $3.81B | -23% | +78% | 17% | 6.5× | -9.1% |
| United Integrated Services 2404.TW | $5.11B | -9% | +72% | 18% | 9.7× | -11.4% |
| Marketech International 6196.TW | $2.68B | +8% | +44% | 7% | 13.0× | 6.3% |
| Acter 5536.TWO | $2.39B | -26% | +28% | 16% | 10.0× | -6.0% |
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 | 6139.TW | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -32.3% | -3.0% | 2nd lowest of 21 |
| 6-month return | -22.6% | -15.1% | 9th lowest of 21 |
| Distance from 52-week high | -45.8% | -40.0% | 10th lowest of 21 |
| Revenue growth (TTM) | +77.7% | +5.9% | highest of 21 |
| Operating margin | 16.8% | 8.3% | 6th highest of 21 |
| Forward P/E | 6.5× | 18.1× | cheapest of 21 |
| Growth the price implies (Req g, 7 yrs) | -9.1% | 5.8% | least demanding of 17 |
| Growth delivered (Del g) | +41.0% | +11.5% | highest of 17 |
| Hurdle (Req g minus delivered) | -50.1 pp | -2.1 pp | least demanding of 17 |
| EV / EBITDA | 5.7× | 10.2× | cheapest of 12 |
| Net debt / EBITDA | -2.5× | 1.0× | 2nd least indebted of 14 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| L&K Engineering 6139.TW | Taiwan | $3.81B | -23% | +78% | 17% | 6.5× | -9.1% | +41.0% |
| Koninklijke BAM Groep BAMNB.AS | Netherlands | $3.85B | +37% | +7% | 3% | 11.5× | -5.2% | +0.8% |
| Guangdong Hongda 002683.SZ | China | $3.86B | -7% | +15% | 10% | 23.7× | 4.9% | +26.1% |
| Argan AGX | United States | $3.89B | -59% | +29% | 15% | 20.5× | 0.3% | +19.2% |
| China Everbright Environment 0257.HK | Hong Kong | $3.91B | -11% | -5% | 29% | 7.0× | -0.1% | -8.5% |
| Everus Construction ECG | United States | $3.91B | -53% | +33% | 8% | 12.2× | 13.9% | +11.5% |
| China Southern Power Grid Technology 688248.SS | China | $3.71B | -20% | +28% | 12% | 47.6× | 25.8% | +27.0% |
| Wuxi Taiji Industry 600667.SS | China | $3.98B | +32% | -14% | 3% | 21.9× | 13.0% | +11.5% |
| Exponent EXPO | United States | $3.99B | +37% | +15% | 21% | 32.6× | 10.8% | +7.8% |
| Zhejiang Weiming Environment Protection 603568.SS | China | $4.01B | -27% | -25% | 36% | 11.0× | 6.4% | +15.0% |
| Guangdong Provincial Expressway Development 000429.SZ | China | $4.01B | +9% | +1% | 58% | 18.2× | n/a | n/a |
| Sacyr SCYR.MC | Spain | $3.58B | -14% | +6% | 24% | 20.5× | -5.4% | +0.5% |
| Comsys 1721.T | Japan | $3.55B | -15% | +4% | 8% | 13.3× | -0.7% | +2.3% |
| MYR MYRG | United States | $4.09B | -40% | +23% | 6% | 18.1× | 14.0% | +10.2% |
| Primoris Services PRIM | United States | $3.52B | -38% | -5% | 3% | 13.7× | 22.8% | +16.8% |
| China Nuclear Engineering and Construction 601611.SS | China | $4.22B | -29% | -14% | 4% | 26.9× | n/a | n/a |
| Offshore Oil Engineering 600583.SS | China | $4.22B | -6% | +7% | 8% | 12.1× | n/a | n/a |
| Alten ATE.PA | France | $3.43B | +43% | 0% | 8% | 11.4× | 3.5% | +11.9% |
| Rail Vikas Nigam RVNL.NS | India | $4.27B | -37% | +5% | 4% | 46.0× | n/a | n/a |
| Worley WOR.AX | Australia | $3.39B | -16% | -5% | 4% | 12.6× | 5.2% | +2.3% |
| Construction Partners ROAD | United States | $4.38B | -45% | +42% | 9% | 26.5× | 12.5% | +29.1% |