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CTCI Corporation

CTCI Corporation

9933.TW
CTCI CorporationTW flagTaiwan Stock Exchange
42.70
TWD
+3.35
- -
40.22BMarket Cap
CTCI Corporation
9933.TW
(Taiwan Stock Exchange)

Recent

price

42.70

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
69.9
72.87
76.33
64.18
69.83
80.39
84.16
85.27
76.42
69.43
66.27
84.11
111.36
119.01
136.15
- -
80.35
Revenue per Share
2.64
2.93
3.08
2.02
2.53
2.45
2.65
3.34
2.18
1.4
0.91
1.96
2.79
2.17
2.21
- -
1.06
Basic EPS, GAAP
10.6
4.02
1.68
-4.24
5.85
-7.73
17.56
5.5
-6.47
6.21
-6.92
13.77
-1.66
2.52
-8.17
- -
8.93
Free Cash Flow per Basic Share
2.15
2.2
2.92
3.01
2.28
2.49
2.9
2.98
3.48
2.68
2.44
2.46
2.82
2.61
2.91
- -
- -
Dividend per Share
12.16
12.75
13.15
11.53
12.11
12.09
12.12
12.74
11.75
10.87
9.98
10.9
12.15
11.63
11.62
- -
12.57
Book Value per Share
18.87
22.24
23.28
22.47
23.44
23.5
23.95
24.94
24.37
22.85
22.49
23.23
24.3
24.88
26.51
- -
25.42
Tangible Book Value per Share
742
772
793
814
826
834
838
840
838
838
838
839
854
870
881
- -
879
Basic Weighted Avg Shares
51,878
56,280
60,522
52,222
57,692
67,058
70,510
71,607
64,070
58,211
55,558
70,540
95,101
103,527
119,925
91,848
70,637
Sales/Revenue/Turnover
4.65
4.94
5.35
4.53
4.68
4.48
5.9
4.21
4.24
3.72
3.7
3.08
3.72
3.44
3.82
7.83
8.05
Operating Margin (%)
753
772
524
491
479
481
518
522
570
906
1,029
1,149
1,162
1,217
1,300
1,269
962
Depreciation Expense
1,961
2,263
2,445
1,642
2,092
2,041
2,223
2,805
1,828
1,177
767
1,642
2,379
1,891
1,942
1,691
933
Net Income, GAAP
18.98
20.15
17.47
18.89
19.86
22.6
24.25
17.57
24.96
24.93
26.01
20.78
17.58
18.46
32.99
32.47
31.96
Effective Tax Rate (%)
3.78
4.02
4.04
3.14
3.63
3.04
3.15
3.92
2.85
2.02
1.38
2.33
2.5
1.83
1.62
1.84
1.32
Profit Margin (%)
8,438
10,076
10,966
11,475
11,057
10,909
11,097
10,802
5,114
12,990
12,669
12,745
11,619
5,954
707
2,884
2,884
Working Capital
5,415
4,921
3,907
3,296
2,926
2,612
2,265
1,921
1,424
11,661
14,626
15,279
15,085
10,115
23,400
28,334
28,334
LT Debt
14,200
17,285
18,564
18,398
19,484
19,728
20,190
21,040
20,626
19,347
19,034
20,561
21,832
22,779
24,668
25,516
25,516
Total Equity
9.85
10.15
11.37
8.23
9.41
9.27
12.24
9.13
6.2
4.42
3.92
4.26
6.9
6.05
5.28
7.45
5.93
Return on Invested Capital (%)
11.08
11.82
12.23
7.97
10.75
8.88
8.08
12.19
5.88
2.93
1.4
3.38
5.09
3.87
3.59
2.63
1.44
Return on Capital (%)
22.54
23.98
24.12
16.57
21.58
20.31
21.96
26.91
17.79
12.41
8.77
18.76
24.38
18.46
19.09
15.89
8.76
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Jun'25
Sep'25
Dec'25
ST Debt
11,868
- -
11,766
LT Borrowings
27,449
- -
27,856
LT Finance Leases
417
- -
478
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
891
891
893
Market Capitalization
22,929
27,825
27,166

Working Capital

FRC

•

in mil. unless spec.
Jun'25
Sep'25
Dec'25
Total Current Assets
69,847
- -
86,322
Cash, Cash Equivalents & STI
38,258
- -
44,531
Accounts Receivable, Net
5,804
- -
15,871
Inventories
158
- -
115
Total Current Liabilities
65,952
- -
83,438
Payables & Accruals
- -
- -
- -
ST Debt
11,868
- -
11,766
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
2.7%
6.05%
3.44%
Free Cash Flow
-234.33%
-264.38%
-227.59%
Net Income, GAAP
5.82%
25.68%
-12.92%
Sales/Revenue/Turnover
4.56%
12.62%
-23.41%
Total Cash Common Dividend
-0.53%
-1.91%
-34.28%

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
21,846
23,846
27,966
29,870
103,527
2024
29,272
30,830
28,324
31,498
119,925
2025
22,267
24,182
- -
24,189
91,848

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
0.42
0.55
0.51
- -
2.17
2024
0.53
0.69
0.43
- -
2.21
2025
-1.38
0.29
- -
- -
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
- -
- -
2.46
- -
2.61
2024
- -
- -
2.76
- -
2.91
2025
- -
- -
- -
- -
- -
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Business
CTCI Corporation (9933.TW) provides engineering, procurement, and construction (EPC) services to clients in the hydrocarbon, petrochemical, power, environmental, refinery, transportation, advanced technology facility, industrial, and LNG terminal markets worldwide. The company offers project management; feasibility studies and front-end engineering design; detailed engineering; procurement; fabrication; construction; commissioning; intelligent solutions including automation and control systems; clean room and mechanical, electrical, and plumbing engineering; intelligent structure jacking and movement; ground freezing; operations and maintenance services; chemical additives such as antifouling agents, anti-polymerization additives, corrosion inhibitors, antifoams, emulsion breakers, heavy metal chelators, stabilizers, boiler water treatments, and activated carbon products; and intelligent energy management system software. CTCI operates through segments including Engineering Services, Environmental Resources Service, General Sales, and Others, with a presence in Taiwan, the United States, Asia, the Middle East, and the Americas. Founded in 1979 and headquartered in Taipei, Taiwan, at 89 Zhongshan North Road Section 6, CTCI maintains offices in key locations such as Houston, Texas; Bangkok, Thailand; and Al Khobar, Saudi Arabia to support regional project execution. The company employs over 8,000 people across more than 50 affiliates in over 10 countries and emphasizes green engineering, sustainability, ESG principles, net zero emissions, and Resource Cycling Efficiency in its low-carbon supply chain initiatives. In recent developments, CTCI secured a record NT$154.7 billion EPC contract in September 2025 with Mitsubishi Power to upgrade Taiwan Power Company's Tung Hsiao Power Plant by adding five combined cycle generating units, supporting Taiwan's energy transition policy. In November 2025, CTCI announced a strategic partnership with Foxconn (Hon Hai Precision Industry) and TEEMA (Taiwan Electrical and Electronic Manufacturers' Association) to develop TEEMA Science Parks in locations including the United States, Poland, and India, providing overall planning, project management, and EPC services incorporating AI, ESG elements, low-carbon designs, intelligent solutions, and resource recycling. These initiatives build on CTCI's 2024 achievements, including new contracts valued at TWD 125.3 billion, a backlog of TWD 333.4 billion, and annual revenue of TWD 119.9 billion.