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    Industrial services

  3. •

    Engineering & construction
Te Chang Construction Co., Ltd.

Te Chang Construction Co., Ltd.

TTPEX:5511
69.10
TWD
-0.30
(-0.43%)
11.21EPS
5.81P/E
8.96BMarket Cap
2013 Y
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
29.18
28.26
21.54
30.93
26.95
39.63
40.58
39.65
45.28
62.38
76.91
69.09
81.5
82.7
Basic EPS, GAAP
3.43
3.23
1.54
2.21
1.97
3.79
3.95
3.51
3.46
3.99
8.46
6.27
8.88
11.34
Free Cash Flow per Basic Share
9.29
3.05
-1.41
7.74
-16.02
5.22
13.83
1.93
-0.82
2.99
6.17
7.73
11.1
16.48
Dividend per Share
0.85
1.99
2.21
0.53
0.45
1
1.75
1.84
1.67
1.67
2
4.17
3.17
- -
Book Value per Share
17.3
18.68
18.05
21.15
24.94
28.01
30.24
31.99
33.73
36.17
42.65
44.89
50.64
53.17
Tangible Book Value per Share
17.25
18.65
18.02
21.11
24.91
27.97
30.15
31.86
33.63
36.08
42.55
44.79
50.55
53.07
Basic Weighted Avg Shares
182
182
182
172
149
136
136
136
136
136
136
136
136
143
Sales/Revenue/Turnover
5,306
5,137
3,916
5,323
4,014
5,390
5,520
5,393
6,157
8,484
10,460
9,396
11,084
11,802
Operating Margin (%)
12.43
12.85
7.5
7.81
4.13
12.05
10.41
8.57
8.54
8.84
12.54
10.03
13.17
15.04
Depreciation Expense
10
11
11
9
8
8
27
42
66
79
87
81
84
89
Net Income, GAAP
623
588
280
380
293
516
537
477
471
542
1,151
853
1,207
1,619
Effective Tax Rate (%)
19.16
19.43
21.44
19.91
19.01
22.11
22.62
20.9
21.37
26.08
20.64
22.62
21.48
19.81
Profit Margin (%)
11.75
11.44
7.16
7.13
7.31
9.57
9.74
8.84
7.65
6.39
11
9.08
10.89
13.71
Working Capital
2,776
2,987
2,875
2,986
5,168
4,869
3,398
3,446
4,401
5,030
5,922
5,127
5,209
5,586
LT Debt
27
25
96
150
2,291
1,672
171
817
1,461
2,007
2,163
1,234
896
961
Total Equity
3,146
3,397
3,281
3,389
3,397
3,910
4,198
4,457
4,681
5,015
5,869
6,180
7,008
7,346
Return on Invested Capital (%)
12.26
14.2
5.75
8.18
2.62
6.96
7.41
6.29
6.09
7.3
12.09
8.21
13.07
16.05
Return on Capital (%)
15.01
16.05
7.12
9.55
5.87
8.24
9.48
8.73
7.39
7.44
14.29
10.41
14.45
18.89
Return on Common Equity (%)
21.46
17.97
8.4
11.4
8.65
14.33
13.57
11.27
10.53
11.41
21.47
14.33
18.58
24.49

Capital Structure

TWD

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
951
948
945
LT Borrowings
360
540
447
LT Finance Leases
536
516
514
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
136
136
136
Market Capitalization
7,430
8,383
8,962

Working Capital

TWD

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
11,669
13,369
13,871
Cash, Cash Equivalents & STI
5,207
6,729
7,434
Accounts Receivable, Net
446
1,087
1,006
Inventories
822
824
819
Total Current Liabilities
6,460
7,736
8,285
Payables & Accruals
- -
- -
- -
ST Debt
951
948
945
Deferred Revenue
- -
- -
- -

Growth Rates

TWD

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
8%
9.58%
13.39%
Free Cash Flow
-138.05%
-86.28%
43.6%
Net Income, GAAP
22.33%
28.36%
41.55%
Sales/Revenue/Turnover
12.88%
16.61%
17.97%
Total Cash Common Dividend
- -
- -
-24%

Quarterly Revenue

TWD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
2,050
2,220
2,502
2,623
9,396
2025
1,888
2,742
2,997
3,456
11,084
2026
2,406
2,943
- -
- -
- -

Quarterly Earnings Per Share

TWD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
1.1
1.23
2.57
1.38
6.27
2025
0.96
1.29
2.96
3.4
8.88
2026
2.12
2.85
- -
- -
- -

Quarterly Dividends Per Share

TWD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
4.17
2025
- -
- -
- -
- -
3.17
2026
- -
- -
- -
- -
- -

Company Description

Company Profile APIChatGPT
CEO
Feng Chung Chen
Full Time Employees
120
Sector
Industrial services
Industry
Engineering & construction
Address
No. 401-1, Wuquan Road Taichung TX Taiwan 40458
IPO Date
Dec 9, 1998
Website
tccon.com.tw
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Business
Te Chang Construction Co., Ltd. (5511.TWO) engages in construction contracting and civil engineering primarily in Taiwan and Thailand. The company undertakes a broad range of projects including public buildings, hospitals, schools, congregate and public housing, residential and commercial buildings, hi-tech factories, office buildings, land development, reconstruction of military dependent villages, bridges, highways, landscaping, water and sewer systems, and other civil engineering works; it also provides electrical, mechanical, fire-fighting, and air-conditioning equipment engineering services, wastewater treatment, integrated manufacturing, construction planning, design, and management services, rental and sale of residential buildings, general retail and department store operations, wholesale and retail of building materials, tires, bicycles and parts, mortar, ready-mixed concrete, household stones, and real estate trading. Founded in 1986 and headquartered in Taichung City, Taiwan, Te Chang Construction serves domestic and select overseas markets with a focus on government, institutional, industrial, and residential clients. Recent developments include sustained operations in Thailand through its subsidiary Te Chang Construction (Thailand) Co., Ltd., robust second-quarter 2025 earnings with EPS of NT$1.85 surpassing prior-year levels, an upcoming dividend of NT$3.80 per share, and board changes including the replacement of an independent director.