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Major Taiwanese engineering, procurement and construction (EPC) contractor building petrochemical, infrastructure and semiconductor-fab facilities.
Major Taiwanese engineering, procurement and construction (EPC) contractor building petrochemical, infrastructure and semiconductor-fab facilities.
Takes on whole projects under contract, designing, buying equipment and building, and books revenue as work progresses, so profit depends on cost control and a few big contracts at a time. Besides building, it earns from operating and maintaining plants and from environmental and energy projects.
In one line: Taiwan's Fluor/Jacobs Engineering-equivalent EPC contractor.
Moat: narrow (process know-how, scale). Large-scale EPC track record and technical expertise needed for complex fab/petrochemical projects.
Headquarters: Taipei, Taiwan · Founded: 1979 · Employees: 3,148
Size CTCI (9933.TW) is a Taiwan Industrials company (Engineering & Construction) with a market value of $1.29B, the 225th largest of 687 Taiwan companies the cockpit tracks. Shares closed at NT$44.40 on 6 Nov 2026.
Performance Over six months the shares gained 21.6%, against -15.7% for the median peer and -3.4% for the Taiwan market (cap-weighted) — 3rd highest of 21 in its peer set.
Growth Revenue fell 21.8% over the last twelve months (peer median +5.4%); the operating margin is 9.3% (peer median 5.9%).
Valuation It trades at 8.5× forward earnings against a peer median of 18.1× (4th cheapest of 14).
Capital Return on invested capital runs 44.6 points above its cost of capital (5.0% WACC).
Next results Next results expected around 9 Mar 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | NT$83.1B | NT$91.8B | NT$120B | NT$104B | NT$95.1B |
| Revenue growth | — | -23% | +16% | +9% | — |
| Gross profit | NT$10.1B | NT$9.37B | NT$6.60B | NT$5.36B | NT$5.37B |
| EBITDA | NT$8.95B | NT$5.31B | NT$5.62B | NT$4.49B | NT$4.70B |
| Net income | NT$5.11B | NT$1.69B | NT$1.94B | NT$1.89B | NT$2.38B |
| Free cash flow | NT$23.1B | NT$8.91B | -NT$4.24B | NT$1.05B | -NT$2.02B |
| Capital expenditure | NT$814M | NT$2.46B | NT$714M | NT$783M | NT$2.11B |
| Total debt | NT$32.4B | NT$40.2B | NT$38.7B | NT$28.7B | NT$21.0B |
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 |
|---|---|---|---|---|---|---|
| CTCI 9933.TW | $1.29B | +22% | -22% | 9% | 8.5× | n/a |
| Fluor FLR | $6.22B | +7% | -5% | -2% | 14.2× | n/a |
| Jacobs Solutions J | $17.4B | +26% | +20% | 5% | 18.6× | 15.8% |
| Ruentex Engineering & Construction 2597.TW | $1.50B | +5% | +20% | 14% | n/a | -5.0% |
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 | 9933.TW | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -4.2% | -5.2% | 10th highest of 21 |
| 6-month return | +21.6% | -15.7% | 3rd highest of 21 |
| Distance from 52-week high | -8.9% | -37.4% | 2nd highest of 21 |
| Revenue growth (TTM) | -21.8% | +5.4% | 3rd lowest of 21 |
| Operating margin | 9.3% | 5.9% | 8th highest of 21 |
| Forward P/E | 8.5× | 18.1× | 4th cheapest of 14 |
| ROIC minus cost of capital | +44.6 pp | -1.7 pp | highest of 20 |
| EV / EBITDA | 2.9× | 17.5× | cheapest of 9 |
| Net debt / EBITDA | -2.5× | 0.7× | 2nd least indebted of 10 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| CTCI 9933.TW | Taiwan | $1.29B | +22% | -22% | 9% | 8.5× | n/a | n/a |
| Nippon Densetsu Kogyo 1950.T | Japan | $1.29B | -30% | +10% | 12% | 9.9× | -0.1% | +3.2% |
| Shenzhen Urban Transport Technology 301091.SZ | China | $1.29B | -23% | +17% | 2% | 79.8× | n/a | n/a |
| Lloyds Engineering Works LLOYDSENGG.NS | India | $1.29B | +36% | +83% | 11% | n/a | n/a | n/a |
| Kumagai Gumi 1861.T | Japan | $1.30B | -20% | -4% | 6% | 9.0× | -9.2% | +1.6% |
| Taiwan Cogeneration 8926.TW | Taiwan | $1.30B | +9% | +324% | 8% | n/a | n/a | n/a |
| Zhejiang Communications Technology 002061.SZ | China | $1.30B | -15% | -12% | 3% | 8.0× | -6.5% | +4.8% |
| VA Tech Wabag WABAG.NS | India | $1.32B | +33% | +20% | 11% | 27.1× | 34.6% | +6.8% |
| JiShi Media 601929.SS | China | $1.25B | -18% | -2% | -24% | n/a | n/a | n/a |
| Farglory Land Development 5522.TW | Taiwan | $1.34B | -18% | +164% | 26% | 7.7× | -13.6% | +3.0% |
| Lendlease LLC.AX | Australia | $1.23B | -16% | -30% | 0% | 147.4× | n/a | n/a |
| Xinjiang Communications Construction 002941.SZ | China | $1.22B | -20% | +23% | 5% | n/a | n/a | n/a |
| Tianjin Capital Environmental Protection 1065.HK | Hong Kong | $1.22B | -13% | +2% | 29% | 5.4× | -16.4% | +6.5% |
| Kepco Kps 051600.KS | South Korea | $1.37B | -34% | +6% | 9% | 12.6× | -6.1% | +3.9% |
| Beijing Gehua CATV Network 600037.SS | China | $1.40B | -16% | +24% | -5% | 39.4× | n/a | n/a |
| GenusPlus GNP.AX | Australia | $1.18B | -12% | +71% | 6% | 18.1× | 6.2% | +32.1% |
| EPIC Suisse EPIC.SW | Switzerland | $1.17B | +2% | +4% | 78% | 20.8× | 7.1% | +4.3% |
| Zhejiang Construction Investment 002761.SZ | China | $1.42B | -14% | -12% | 0% | n/a | 13.0% | +0.4% |
| China Bester Group Telecom 603220.SS | China | $1.17B | -48% | +3% | 6% | 20.0× | n/a | n/a |
| Jiangxi Ganyue Expressway 600269.SS | China | $1.44B | -7% | +3% | 28% | n/a | -11.6% | +4.4% |
| Shenzhen Zhongzhuang Construction 002822.SZ | China | $1.15B | -15% | -56% | -96% | n/a | n/a | n/a |