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Employees: 4,087
Size CTI Engineering (9621.T) is a Japan Industrials company (Engineering & Construction) with a market value of $619M, the 966th largest of 1,379 Japan companies the cockpit tracks. Shares closed at ¥3,450 on 6 Nov 2026.
Performance Over six months the shares gained 22.3%, against -17.4% for the median peer and +1.8% for the Japan market (cap-weighted) — 2nd highest of 20 in its peer set.
Growth Revenue grew 7.7% over the last twelve months (peer median +9.7%); the operating margin is 9.3% (peer median 6.5%).
Valuation It trades at 12.0× forward earnings against a peer median of 11.8× (5th most expensive of 11).
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 +9%, so the hurdle is -18 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 12.0 points above its cost of capital (6.3% WACC).
Next results Next results expected around 12 Nov 2026 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | ¥105B | ¥101B | ¥97.7B | ¥93.1B | ¥83.5B |
| Revenue growth | — | +3% | +5% | +11% | — |
| Gross profit | ¥31.1B | ¥29.6B | ¥28.4B | ¥27.1B | ¥23.4B |
| EBITDA | ¥12.3B | ¥11.5B | ¥11.3B | ¥11.7B | ¥9.53B |
| Net income | ¥6.60B | ¥5.95B | ¥6.75B | ¥7.54B | ¥5.88B |
| Free cash flow | n/a | ¥4.60B | ¥1.56B | ¥31.0M | ¥3.24B |
| Capital expenditure | n/a | ¥1.30B | ¥952M | ¥970M | ¥660M |
| Total debt | ¥1.25B | ¥5.46B | ¥4.03B | ¥2.88B | ¥2.89B |
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.
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 | 9621.T | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +4.4% | -7.5% | 6th highest of 21 |
| 6-month return | +22.3% | -17.4% | 2nd highest of 20 |
| Distance from 52-week high | -6.1% | -36.6% | 2nd highest of 21 |
| Revenue growth (TTM) | +7.7% | +9.7% | 11th highest of 21 |
| Operating margin | 9.3% | 6.5% | 8th highest of 21 |
| Forward P/E | 12.0× | 11.8× | 5th most expensive of 11 |
| Growth the price implies (Req g, 7 yrs) | -9.0% | 7.6% | 3rd least demanding of 14 |
| Growth delivered (Del g) | +9.2% | +8.4% | 7th highest of 14 |
| Hurdle (Req g minus delivered) | -18.1 pp | -8.6 pp | 5th least demanding of 14 |
| ROIC minus cost of capital | +12.0 pp | -0.5 pp | 3rd highest of 20 |
| EV / EBITDA | 5.4× | 10.9× | 2nd cheapest of 11 |
| Net debt / EBITDA | -2.5× | 1.8× | 2nd least indebted of 13 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| CTI Engineering 9621.T | Japan | $619M | +22% | +8% | 9% | 12.0× | -9.0% | +9.2% |
| Beijing SPC Environment Protection Tech 002573.SZ | China | $619M | -22% | +1% | -2% | n/a | 5.2% | +13.7% |
| Chong Hong Development 5534.TW | Taiwan | $625M | -16% | -18% | 24% | 2.8× | n/a | n/a |
| Limbach LMB | United States | $627M | -36% | +21% | 6% | 11.7× | 12.6% | +2.6% |
| Transrail Lighting TRANSRAILL.NS | India | $628M | -25% | +14% | 11% | 10.5× | 5.9% | +25.9% |
| Global Chinese Business Club 1757.HK | Hong Kong | $610M | -78% | +121% | 1% | n/a | n/a | n/a |
| COFCO Technology & Industry 301058.SZ | China | $630M | -17% | +3% | 8% | 17.2× | -3.5% | +8.4% |
| Cecep Guozhen Environmental Protection Technology 300388.SZ | China | $632M | -22% | +5% | 18% | 11.8× | -2.0% | -1.0% |
| Hainan Expressway 000886.SZ | China | $598M | -27% | +185% | -12% | n/a | n/a | n/a |
| Mistras MG | United States | $642M | +14% | +5% | 7% | 16.4× | 7.6% | +4.1% |
| Techno Ryowa 1965.T | Japan | $644M | +12% | +14% | 16% | n/a | -11.0% | +12.5% |
| Cloudberry Clean Energy CLOUD.OL | Norway | $645M | +2% | +79% | 14% | 14.4× | 41.7% | +168.9% |
| Anhui Tongyuan Environment Energy Saving 688679.SS | China | $586M | -43% | -17% | 0% | n/a | n/a | n/a |
| PS Construction 1871.T | Japan | $656M | -17% | +6% | 9% | n/a | n/a | n/a |
| InstallatorGruppen A/S IG.CO | Denmark | $584M | n/a | +51% | 4% | n/a | 9.1% | +50.8% |
| Shenzhen Grandland 002482.SZ | China | $658M | -32% | +46% | -4% | n/a | 24.9% | -33.5% |
| Hainan Jingliang 000505.SZ | China | $583M | -14% | -19% | -4% | n/a | n/a | n/a |
| Boustead Singapore F9D.SI | Singapore | $662M | -35% | +18% | 12% | 9.3× | -11.4% | -1.9% |
| Kingfore Energy 001210.SZ | China | $662M | +32% | +15% | 12% | n/a | 13.4% | +9.6% |
| Assystem ASY.PA | France | $574M | -16% | +4% | 5% | 15.7× | 11.1% | +8.4% |
| China Haisum Engineering 002116.SZ | China | $573M | -16% | -6% | 5% | 11.9× | n/a | n/a |