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  2. •

    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
Te Chang Construction Co., Ltd.
TPEX:5511
(Taipei Exchange)

Recent

price

69.10

P/E

ratio

5.81

div

yld

- -

ROIC.AI

2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
TWD
34.22
47.48
56.2
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
Revenue per Share
1.75
3.54
3.82
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
Basic EPS, GAAP
3.07
2.38
-8.5
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
Free Cash Flow per Basic Share
0.63
0.22
0.32
0.85
1.99
2.21
0.53
0.45
1
1.75
1.84
1.67
1.67
2
4.17
3.17
- -
Dividend per Share
8.46
11.18
14.66
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
Book Value per Share
8.46
11.18
14.61
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
Tangible Book Value per Share
157
147
182
182
182
182
172
149
136
136
136
136
136
136
136
136
143
Basic Weighted Avg Shares
5,364
6,962
10,218
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
Sales/Revenue/Turnover
5.55
7.9
7.92
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
Operating Margin (%)
7
7
9
10
11
11
9
8
8
27
42
66
79
87
81
84
89
Depreciation Expense
274
519
694
623
588
280
380
293
516
537
477
471
542
1,151
853
1,207
1,619
Net Income, GAAP
19.19
17.22
19.48
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
Effective Tax Rate (%)
5.11
7.45
6.8
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
Profit Margin (%)
1,555
2,021
2,535
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
Working Capital
193
169
160
27
25
96
150
2,291
1,672
171
817
1,461
2,007
2,163
1,234
896
961
LT Debt
1,538
2,033
2,666
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
Total Equity
11.76
18.08
16.74
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 Invested Capital (%)
14.63
22.05
18.73
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 Capital (%)
18.82
29.05
29.55
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
Return on Common Equity (%)

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
- -
- -
- -
- -
- -
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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.