United Integrated Services Co., Ltd.

United Integrated Services Co., Ltd.

TTWSE:2404
1,090.00
TWD
-15.00
(-1.36%)
66.02EPS
19.89P/E
249.33BMarket Cap
Nov 17Next Earn
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
60.26
36.59
65.31
80.99
52.58
79.49
125.51
188.03
134.35
256.07
367.24
252.32
350.41
456.52
Basic EPS, GAAP
5.91
3.92
6.55
8.15
5.1
9.42
14.77
21.16
14.53
21.25
24.82
32.94
48.08
66.37
Free Cash Flow per Basic Share
15.01
3.93
1.57
4.91
13.29
5.13
21.38
19.59
8.45
34.62
23.37
93.13
154.08
152.91
Dividend per Share
2.26
3.01
3.12
5.62
6
6.27
10
13
17
13.08
15
20.96
28
- -
Book Value per Share
27.91
29.16
32.57
34.73
33.59
38.06
44.95
52.49
50.41
55.51
64.66
78.49
98.6
94.84
Tangible Book Value per Share
27.9
29.15
32.55
34.72
33.58
38.06
44.94
52.47
50.29
55.41
64.59
78.38
98.5
94.75
Basic Weighted Avg Shares
190
190
190
190
238
228
191
191
191
188
188
188
189
189
Sales/Revenue/Turnover
11,445
6,950
12,419
15,427
12,526
18,128
23,921
35,837
25,606
48,200
68,890
47,422
66,093
86,159
Operating Margin (%)
9.54
9.38
8.85
11.12
12.86
13.34
14.49
12.86
12.2
11.26
8.8
14.49
16.64
17.7
Depreciation Expense
35
35
34
31
31
31
45
50
71
110
138
145
179
191
Net Income, GAAP
1,123
745
1,245
1,552
1,215
2,148
2,815
4,033
2,769
3,999
4,655
6,190
9,069
12,526
Effective Tax Rate (%)
19.13
28.89
20.94
18.79
23.13
25.12
22.4
19.49
20.67
24.43
25.19
20.75
21.09
27.21
Profit Margin (%)
9.81
10.72
10.02
10.06
9.7
11.85
11.77
11.25
10.82
8.3
6.76
13.05
13.72
14.54
Working Capital
3,443
2,969
3,865
4,065
4,235
4,463
5,216
6,892
5,759
7,118
9,341
11,854
15,858
13,988
LT Debt
- -
- -
- -
- -
- -
- -
10
149
211
299
94
198
100
31
Total Equity
5,300
5,552
6,223
6,635
6,607
7,487
8,738
10,152
9,766
10,610
12,429
14,941
18,867
18,175
Return on Invested Capital (%)
15.02
7.55
13.16
19.82
18.02
23.8
30.14
36.79
23.52
37.36
32.19
32.99
46.99
65.18
Return on Capital (%)
19.35
12.02
18.81
22.26
16.2
28.09
33.14
41.55
26.63
37.12
34.32
40.68
52.21
79.79
Return on Common Equity (%)
22.73
13.74
21.2
24.21
18.66
31.45
35.59
43.44
28.24
39.95
41.3
46.1
54.39
82.56

Capital Structure

TWD

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
157
156
156
LT Borrowings
- -
- -
- -
LT Finance Leases
100
66
31
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
189
189
189
Market Capitalization
179,253
155,076
249,330

Working Capital

TWD

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
74,746
80,002
95,380
Cash, Cash Equivalents & STI
30,004
30,347
41,323
Accounts Receivable, Net
9,936
11,114
20,216
Inventories
14
25
22
Total Current Liabilities
58,889
69,797
81,392
Payables & Accruals
- -
- -
- -
ST Debt
157
156
156
Deferred Revenue
- -
- -
- -

Growth Rates

TWD

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
12.09%
13.7%
26.28%
Free Cash Flow
121.01%
116.08%
66.03%
Net Income, GAAP
26.31%
21.79%
46.51%
Sales/Revenue/Turnover
24.27%
22.16%
39.37%
Total Cash Common Dividend
- -
19.02%
34.04%

Quarterly Revenue

TWD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
12,254
11,371
11,154
12,643
47,422
2025
11,518
14,785
19,235
20,555
66,093
2026
20,288
26,080
- -
- -
- -

Quarterly Earnings Per Share

TWD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
6.79
6.36
9.26
10.47
32.94
2025
10.55
7.41
16.11
14.02
48.08
2026
16.31
19.92
- -
- -
- -

Quarterly Dividends Per Share

TWD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
20.96
2025
- -
- -
- -
- -
28
2026
- -
- -
- -
- -
- -

Company Description

CEO
Hui Wen Li
Full Time Employees
920
Sector
Industrial services
Industry
Engineering & construction
Address
No. 3, Baogao Rd. Taipei TP Taiwan 23144
IPO Date
Mar 14, 2000
Business
United Integrated Services Co., Ltd. specializes in engineering construction and system integration services primarily for the high-technology industry. Its core offerings include engineering consultancy; high-tech factory clean room design and construction; air-conditioning and power systems; central monitoring systems; secondary distribution engineering; and turnkey services covering planning, design, procurement, construction, machine secondary configuration, and after-sales maintenance. The company operates through multiple departments including engineering and integration, maintenance and design, and other segments. Its detailed services encompass contracting water and instrument control projects, refrigerating and air conditioning systems, clean room installations, engineering toll collection systems, traffic surveillance and control system engineering, as well as factory computer control monitoring systems. The company also offers electrical and mechanical engineering contracts related to transmission and distribution of electric power and provides technical advisory services for project planning and design. Founded in 1982 and headquartered in Taiwan, United Integrated Services operates across Taiwan, Mainland China, Singapore, the United States, and Japan. In recent years, United Integrated Services has focused on strengthening its project management, cost control, and project execution efficiency to enhance profitability. It has adopted a strategic business policy emphasizing deep cultivation in Taiwan combined with global deployment to respond effectively to customer demands for advanced technology manufacturing environments. The company continues to benefit from major plant construction projects and capital expenditures of key high-tech clients such as TSMC and Micron. It is also increasing its international service capabilities to adapt to diverse engineering environments worldwide. Its 2024 operational outlook indicates stable revenue expectations aligned with ongoing high-tech industry growth trends, including opportunities driven by AI technology expansion. The company remains committed to delivering integrated turnkey solutions, optimizing operational strategies, and supporting sustainable development amidst evolving global market and regulatory challenges. These strategic shifts illustrate its sustained focus on core factory technical enhancements and broadening its global footprint in high-tech engineering construction and system integration services.