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    Engineering & construction
Kedge Construction Co., Ltd.

Kedge Construction Co., Ltd.

TTWSE:2546
102.50
TWD
-1.50
(-1.44%)
13.25EPS
6.29P/E
12.27BMarket Cap
Nov 06Next 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
40.86
37.79
40.08
56.87
57.25
78.18
78.41
96.66
73.69
97.17
97.77
97.37
147.04
160.54
Basic EPS, GAAP
1.22
1.22
0.92
1.4
2.02
2.79
2.75
4.29
5.07
7.17
6.77
5.98
8.5
13.35
Free Cash Flow per Basic Share
0.75
2.32
2.09
1.54
2.18
-0.97
9.31
13.03
1.8
6.21
8.21
-0.88
13.45
18.51
Dividend per Share
0.73
0.73
1.09
0.73
1.09
1.57
2.18
2.18
2.61
1.89
3.31
3.3
2.7
- -
Book Value per Share
14.6
15.12
14.28
15.14
16.11
17.33
18.75
20.99
24.02
28.64
32.87
36.53
41.27
44.94
Tangible Book Value per Share
14.6
15.12
14.28
15.14
16.11
17.33
18.75
20.99
24.02
28.64
32.86
36.45
41.2
44.9
Basic Weighted Avg Shares
146
146
146
146
146
146
146
146
146
146
146
146
146
146
Sales/Revenue/Turnover
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
23,468
Operating Margin (%)
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
9.59
Depreciation Expense
1
1
1
1
1
1
1
12
20
17
38
47
62
79
Net Income, GAAP
178
178
134
204
295
408
402
626
740
1,048
990
874
1,243
1,951
Effective Tax Rate (%)
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
19.91
Profit Margin (%)
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
8.32
Working Capital
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
5,944
LT Debt
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
10
160
141
Total Equity
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
6,570
Return on Invested Capital (%)
4.53
6.05
5.45
7.28
9.43
13.37
11.98
17.67
17.89
21.43
17.26
13.73
18.02
27.23
Return on Capital (%)
7.36
7.07
5.47
8.51
11.07
14.1
13.07
18.47
19.65
23.34
19.52
16.04
20.15
30.54
Return on Common Equity (%)
8.66
8.19
6.25
9.51
12.93
16.68
15.26
21.56
22.51
27.23
22.03
17.24
21.85
32.62

Capital Structure

TWD

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
407
210
416
LT Borrowings
- -
- -
- -
LT Finance Leases
160
151
141
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
146
146
146
Market Capitalization
11,303
10,311
12,269

Working Capital

TWD

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
14,234
15,279
16,186
Cash, Cash Equivalents & STI
6,635
8,142
7,483
Accounts Receivable, Net
3,006
2,285
3,191
Inventories
- -
- -
- -
Total Current Liabilities
8,807
9,683
10,242
Payables & Accruals
- -
- -
- -
ST Debt
407
210
416
Deferred Revenue
- -
- -
- -

Growth Rates

TWD

•

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

TWD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
3,002
3,508
3,397
4,327
14,234
2025
3,934
5,347
6,417
5,796
21,495
2026
4,272
6,982
- -
- -
- -

Quarterly Earnings Per Share

TWD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.83
0.92
1.56
2.66
5.98
2025
1.29
1.8
2.79
2.62
8.5
2026
1.27
6.66
- -
- -
- -

Quarterly Dividends Per Share

TWD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
3.3
2025
- -
- -
- -
- -
2.7
2026
- -
- -
- -
- -
- -

Company Description

Company Profile APIChatGPT
CEO
Steven Pan
Full Time Employees
622
Sector
Industrial services
Industry
Engineering & construction
Address
No. 169, Minquan East Road Taipei TPE Taiwan 105002
IPO Date
Jul 6, 1998
Website
kedge.com.tw
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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.