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    Engineering & Construction
Kedge Construction Co., Ltd.

Kedge Construction Co., Ltd.

2546.TW
Kedge Construction Co., Ltd.TW flagTaiwan Stock Exchange
92.10
TWD
-1.80
- -
12.02BMarket Cap
Kedge Construction Co., Ltd.
2546.TW
(Taiwan Stock Exchange)

Recent

price

92.10

P/E

ratio

- -

div

yld

- -

ROIC.AI

2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
FRC
69.06
50.74
53.9
45.76
42.33
44.89
63.7
64.12
87.56
87.82
108.26
82.53
108.83
109.5
109.05
- -
164.72
Revenue per Share
3
0.92
0.81
1.36
1.36
1.03
1.57
2.26
3.12
3.08
4.8
5.67
8.03
7.59
6.7
- -
9.52
Basic EPS, GAAP
-5.4
5.44
1.38
0.84
2.59
2.34
1.73
2.44
-1.09
10.42
14.6
2.02
6.96
9.19
-0.99
- -
15.07
Free Cash Flow per Basic Share
2.16
2.37
0.44
0.81
0.81
1.22
0.81
1.22
1.75
2.44
2.44
2.92
2.11
3.71
3.7
- -
- -
Dividend per Share
16.39
10.92
11.73
11.44
12.42
12.21
12.96
13.98
15.41
16.06
18.43
21.17
27.11
30.99
34.01
- -
40.55
Book Value per Share
22.23
14.73
16.28
16.35
16.94
15.99
16.96
18.04
19.41
21
23.51
26.9
32.07
36.81
40.82
- -
46.16
Tangible Book Value per Share
90
128
121
131
131
131
131
131
131
131
131
131
131
131
131
- -
130
Basic Weighted Avg Shares
6,185
6,502
6,529
5,973
5,525
5,859
8,314
8,369
11,429
11,462
14,131
10,772
14,205
14,292
14,234
21,495
21,495
Sales/Revenue/Turnover
5.52
2.47
1.24
2.16
3.54
2.9
2.62
3.72
4.4
4.1
5.45
8.2
9.03
8.19
6.81
6.67
6.67
Operating Margin (%)
1
1
1
1
1
1
1
1
1
1
12
20
17
38
47
62
62
Depreciation Expense
269
118
98
178
178
134
204
295
408
402
626
740
1,048
990
874
1,243
1,243
Net Income, GAAP
23.87
17.28
20.23
14.15
20.84
19.62
18.34
17.76
21.21
19.51
19.91
19.78
20.96
21.08
20.76
20.43
20.43
Effective Tax Rate (%)
4.35
1.82
1.51
2.98
3.22
2.29
2.46
3.53
3.57
3.51
4.43
6.87
7.38
6.93
6.14
5.78
5.78
Profit Margin (%)
1,693
1,599
1,669
1,714
1,819
1,801
1,879
2,023
2,176
2,281
2,551
2,955
3,730
4,234
4,634
5,427
5,427
Working Capital
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
10
160
160
LT Debt
1,991
1,888
1,972
2,135
2,211
2,087
2,214
2,355
2,533
2,741
3,069
3,511
4,186
4,806
5,341
6,033
6,033
Total Equity
12.92
5.87
2.82
4.53
6.05
5.45
7.28
9.43
13.37
11.98
17.67
18.04
21.43
17.26
13.62
18.02
18.02
Return on Invested Capital (%)
16.48
7.04
5.64
9.75
9.35
7.01
10.79
13.78
17.23
16.11
22.87
24.16
27.61
22.66
18.92
23.23
23.23
Return on Capital (%)
21.9
8.26
6.98
12.2
11.42
8.36
12.45
16.8
21.25
19.59
27.82
28.65
33.26
26.12
20.61
25.54
25.54
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Jun'25
Sep'25
Dec'25
ST Debt
283
662
407
LT Borrowings
- -
- -
- -
LT Finance Leases
- -
170
160
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
131
131
131
Market Capitalization
10,097
11,444
11,301

Working Capital

FRC

•

in mil. unless spec.
Jun'25
Sep'25
Dec'25
Total Current Assets
12,498
13,871
14,234
Cash, Cash Equivalents & STI
5,772
6,962
6,635
Accounts Receivable, Net
2,377
2,442
3,006
Inventories
- -
- -
- -
Total Current Liabilities
7,809
8,815
8,807
Payables & Accruals
- -
- -
- -
ST Debt
283
662
407
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
11.27%
14.5%
12.97%
Free Cash Flow
-269.54%
-309.6%
-1,627.96%
Net Income, GAAP
27.36%
16.93%
42.14%
Sales/Revenue/Turnover
16.2%
11.86%
51.01%
Total Cash Common Dividend
- -
9.83%
-18.4%

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
3,271
3,951
2,996
4,075
14,292
2024
3,002
3,508
3,397
4,327
14,234
2025
3,934
5,347
6,417
5,796
21,495

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
1.28
2.79
1.12
- -
7.59
2024
0.93
1.03
1.75
- -
6.7
2025
1.44
2.02
3.13
- -
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
- -
- -
- -
- -
3.71
2024
- -
- -
- -
- -
3.7
2025
- -
- -
- -
- -
- -
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Business
Kedge Construction Co., Ltd. (2546.TW) engages primarily in building construction and civil engineering works in Taiwan; it constructs residential buildings, government public projects, civil plants, office buildings, commercial buildings, hospital buildings, bridges, tunnels, roads, and site preparation works; the company also develops, leases, and sells housing and building properties, installs electrical and fire safety equipment, provides information software and management consultant services, and pursues general investment activities. Founded in 1982 and headquartered in Taipei, Taiwan, Kedge operates mainly within the domestic market, targeting high-tech clients such as TSMC and MediaTek alongside public sector and residential developers like Kindom Development Co., Ltd., its major shareholder. In recent developments, the company secured new contracts in 2023 worth NTD 8.3 billion including Ta Chen Group headquarters, TSMC AP5B/AP6B/F18 projects, MediaTek Causeway Park plant, and Kindom Taichung G5; completed settlements totaling NTD 9.1 billion such as TSMC F18/AP6B and Kindom An Mu Ju residential projects; achieved consolidated revenue of NTD 14.29 billion, up slightly from 2022; passed ISO 14064-1 Greenhouse Gas Inventory verification by SGS in June 2023; earned the National Golden Award for Best Construction Quality for Taipei's Rui'an urban renewal in July 2023; received multiple sustainability accolades including TCSA awards in November 2023; and attained SBTi approval for 2030 carbon reduction targets in February 2024 while advancing BIM certifications and low-carbon initiatives like prefabrication and recycled materials.