CTCI（9933）株式概要CTCI株式会社は、台湾、米国、および国際的なエンジニアリングおよび建設プラント、機械設備、環境保護プロジェクトの設計、測量、建設、検査に従事している。 詳細9933 ファンダメンタル分析スノーフレーク・スコア評価2/6将来の成長0/6過去の実績4/6財務の健全性5/6配当金3/6報酬株価収益率（ 9.9 x） TW市場（ 22.4 x）を下回っています。過去1年間で収益は1355.8%増加しました リスク分析過去5年間で収益は年間1.1%減少しました。 不安定な配当実績 すべてのリスクチェックを見る9933 Community Fair Values Create NarrativeSee what others think this stock is worth. Follow their fair value or set your own to get alerts.Your Fair ValueNT$Current PriceNT$41.951.6% 割高 内在価値ディスカウントGrowth estimate overAnnual revenue growth rate5 Yearstime period%/yrDecreaseIncreasePastFuture0144b2016201920222025202620282031Revenue NT$144.2bEarnings NT$6.3bAdvancedSet Fair ValueView all narrativesCTCI Corporation 競合他社Jiu Han System TechnologySymbol: TPEX:6903Market cap: NT$25.3bRuentex Engineering & ConstructionSymbol: TWSE:2597Market cap: NT$50.8bDa-Cin ConstructionLtdSymbol: TWSE:2535Market cap: NT$24.2bHwang Chang General ContractorSymbol: TWSE:2543Market cap: NT$20.4b価格と性能株価の高値、安値、推移の概要CTCI過去の株価現在の株価NT$41.9552週高値NT$44.8552週安値NT$23.68ベータ-0.121ヶ月の変化5.80%3ヶ月変化18.34%1年変化77.17%3年間の変化9.50%5年間の変化17.14%IPOからの変化-22.23%最新ニュースReported Earnings • May 13First quarter 2026 earnings: EPS and revenues miss analyst expectationsFirst quarter 2026 results: EPS: NT$1.00 (up from NT$1.38 loss in 1Q 2025). Revenue: NT$17.2b (down 23% from 1Q 2025). Net income: NT$892.0m (up NT$2.11b from 1Q 2025). Profit margin: 5.2% (up from net loss in 1Q 2025). The move to profitability was driven by lower expenses. Revenue missed analyst estimates by 26%. Earnings per share (EPS) also missed analyst estimates by 7.4%. Revenue is forecast to grow 9.4% p.a. on average during the next 3 years, compared to a 29% growth forecast for the Construction industry in Taiwan. Over the last 3 years on average, earnings per share has fallen by 1% per year whereas the company’s share price has remained flat.Valuation Update With 7 Day Price Move • Mar 16Investor sentiment improves as stock rises 15%After last week's 15% share price gain to NT$34.30, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 14x in the Construction industry in Asia. Total returns to shareholders of 1.0% over the past three years.Reported Earnings • Mar 11Full year 2025 earnings: EPS and revenues exceed analyst expectationsFull year 2025 results: EPS: NT$1.91 (down from NT$2.21 in FY 2024). Revenue: NT$91.8b (down 23% from FY 2024). Net income: NT$1.69b (down 13% from FY 2024). Profit margin: 1.8% (up from 1.6% in FY 2024). The increase in margin was driven by lower expenses. Revenue exceeded analyst estimates by 5.4%. Earnings per share (EPS) also surpassed analyst estimates. Over the last 3 years on average, earnings per share has fallen by 33% per year but the company’s share price has only fallen by 5% per year, which means it has not declined as severely as earnings.お知らせ • Mar 10CTCI Corporation, Annual General Meeting, May 25, 2026CTCI Corporation, Annual General Meeting, May 25, 2026, at 09:00 Taipei Standard Time. Location: no,127, sec.7 chung shan n. rd., taipei city TaiwanBuy Or Sell Opportunity • Jan 14Now 21% overvalued after recent price riseOver the last 90 days, the stock has risen 6.1% to NT$33.15. The fair value is estimated to be NT$27.32, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 6.2% over the last 3 years. Earnings per share has declined by 42%. Revenue is forecast to decline by 0.04% in a year. Earnings are forecast to grow by 769% in the next year.Major Estimate Revision • Nov 26Consensus revenue estimates fall by 20%The consensus outlook for revenues in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from NT$108.7b to NT$87.2b. EPS estimate fell from NT$0.854 to NT$0.56 per share. Net income forecast to grow 769% next year vs 20% growth forecast for Construction industry in Taiwan. Consensus price target up from NT$36.81 to NT$40.98. Share price rose 9.8% to NT$33.60 over the past week.最新情報をもっと見るRecent updatesReported Earnings • May 13First quarter 2026 earnings: EPS and revenues miss analyst expectationsFirst quarter 2026 results: EPS: NT$1.00 (up from NT$1.38 loss in 1Q 2025). Revenue: NT$17.2b (down 23% from 1Q 2025). Net income: NT$892.0m (up NT$2.11b from 1Q 2025). Profit margin: 5.2% (up from net loss in 1Q 2025). The move to profitability was driven by lower expenses. Revenue missed analyst estimates by 26%. Earnings per share (EPS) also missed analyst estimates by 7.4%. Revenue is forecast to grow 9.4% p.a. on average during the next 3 years, compared to a 29% growth forecast for the Construction industry in Taiwan. Over the last 3 years on average, earnings per share has fallen by 1% per year whereas the company’s share price has remained flat.Valuation Update With 7 Day Price Move • Mar 16Investor sentiment improves as stock rises 15%After last week's 15% share price gain to NT$34.30, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 14x in the Construction industry in Asia. Total returns to shareholders of 1.0% over the past three years.Reported Earnings • Mar 11Full year 2025 earnings: EPS and revenues exceed analyst expectationsFull year 2025 results: EPS: NT$1.91 (down from NT$2.21 in FY 2024). Revenue: NT$91.8b (down 23% from FY 2024). Net income: NT$1.69b (down 13% from FY 2024). Profit margin: 1.8% (up from 1.6% in FY 2024). The increase in margin was driven by lower expenses. Revenue exceeded analyst estimates by 5.4%. Earnings per share (EPS) also surpassed analyst estimates. Over the last 3 years on average, earnings per share has fallen by 33% per year but the company’s share price has only fallen by 5% per year, which means it has not declined as severely as earnings.お知らせ • Mar 10CTCI Corporation, Annual General Meeting, May 25, 2026CTCI Corporation, Annual General Meeting, May 25, 2026, at 09:00 Taipei Standard Time. Location: no,127, sec.7 chung shan n. rd., taipei city TaiwanBuy Or Sell Opportunity • Jan 14Now 21% overvalued after recent price riseOver the last 90 days, the stock has risen 6.1% to NT$33.15. The fair value is estimated to be NT$27.32, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 6.2% over the last 3 years. Earnings per share has declined by 42%. Revenue is forecast to decline by 0.04% in a year. Earnings are forecast to grow by 769% in the next year.Major Estimate Revision • Nov 26Consensus revenue estimates fall by 20%The consensus outlook for revenues in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from NT$108.7b to NT$87.2b. EPS estimate fell from NT$0.854 to NT$0.56 per share. Net income forecast to grow 769% next year vs 20% growth forecast for Construction industry in Taiwan. Consensus price target up from NT$36.81 to NT$40.98. Share price rose 9.8% to NT$33.60 over the past week.Reported Earnings • Nov 06Third quarter 2025 earnings released: EPS: NT$0.85 (vs NT$0.43 in 3Q 2024)Third quarter 2025 results: EPS: NT$0.85 (up from NT$0.43 in 3Q 2024). Revenue: NT$21.2b (down 25% from 3Q 2024). Net income: NT$758.6m (up 100% from 3Q 2024). Profit margin: 3.6% (up from 1.3% in 3Q 2024). The increase in margin was driven by lower expenses. Revenue is forecast to grow 7.1% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Construction industry in Taiwan. Over the last 3 years on average, earnings per share has fallen by 42% per year but the company’s share price has only fallen by 3% per year, which means it has not declined as severely as earnings.Reported Earnings • Aug 15Second quarter 2025 earnings: EPS and revenues miss analyst expectationsSecond quarter 2025 results: EPS: NT$0.29 (down from NT$0.69 in 2Q 2024). Revenue: NT$24.2b (down 22% from 2Q 2024). Net income: NT$254.3m (down 58% from 2Q 2024). Profit margin: 1.1% (down from 2.0% in 2Q 2024). The decrease in margin was driven by lower revenue. Revenue missed analyst estimates by 7.7%. Earnings per share (EPS) also missed analyst estimates by 42%. Revenue is forecast to grow 4.5% p.a. on average during the next 3 years, compared to a 14% growth forecast for the Construction industry in Taiwan. Over the last 3 years on average, earnings per share has fallen by 35% per year but the company’s share price has only fallen by 10% per year, which means it has not declined as severely as earnings.Upcoming Dividend • Aug 08Upcoming dividend of NT$1.00 per shareEligible shareholders must have bought the stock before 15 August 2025. Payment date: 17 September 2025. The company is paying out more than 100% of its profits and is cash flow negative. Trailing yield: 3.1%. Lower than top quartile of Taiwanese dividend payers (5.3%). Lower than average of industry peers (3.6%).New Risk • Jul 09New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Taiwanese stocks, typically moving 7.8% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Dividend is not well covered by earnings and cash flows. Payout ratio: 307% Paying a dividend despite having no free cash flows. High level of non-cash earnings (40% accrual ratio). Minor Risks Share price has been volatile over the past 3 months (7.8% average weekly change). Profit margins are more than 30% lower than last year (0.2% net profit margin).Buy Or Sell Opportunity • Jun 24Now 23% overvaluedOver the last 90 days, the stock has fallen 38% to NT$26.10. The fair value is estimated to be NT$21.18, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 13% over the last 3 years. Earnings per share has declined by 23%. Revenue is forecast to decline by 1.8% in a year. Earnings are forecast to grow by 273% in the next year.Buy Or Sell Opportunity • May 15Now 21% undervalued after recent price dropOver the last 90 days, the stock has fallen 34% to NT$27.30. The fair value is estimated to be NT$34.39, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 13% over the last 3 years. Earnings per share has declined by 23%. Revenue is forecast to decline by 1.8% in a year. Earnings are forecast to grow by 273% in the next year.Reported Earnings • May 14First quarter 2025 earnings: EPS and revenues miss analyst expectationsFirst quarter 2025 results: NT$1.52 loss per share (down from NT$0.58 profit in 1Q 2024). Revenue: NT$22.3b (down 24% from 1Q 2024). Net loss: NT$1.22b (down 363% from profit in 1Q 2024). Revenue missed analyst estimates by 24%. Earnings per share (EPS) were also behind analyst expectations. Over the last 3 years on average, earnings per share has fallen by 23% per year but the company’s share price has only fallen by 15% per year, which means it has not declined as severely as earnings.お知らせ • May 06CTCI Corporation to Report Q1, 2025 Results on May 13, 2025CTCI Corporation announced that they will report Q1, 2025 results on May 13, 2025お知らせ • Apr 24CTCI Corporation announced a financing transactionCTCI Corporation announced a private placement of not more than 90,000,000 common shares on April 22, 2025. The transaction has been approved by the shareholders of the company.Valuation Update With 7 Day Price Move • Apr 18Investor sentiment deteriorates as stock falls 19%After last week's 19% share price decline to NT$31.60, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 11x in the Construction industry in Asia. Total loss to shareholders of 24% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at NT$31.50 per share.Buy Or Sell Opportunity • Apr 10Now 24% overvaluedThe stock has been flat over the last 90 days, currently trading at NT$39.20. The fair value is estimated to be NT$31.66, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 16% over the last 3 years. Earnings per share has declined by 7.6%. Revenue is forecast to grow by 7.1% in a year. Earnings are forecast to grow by 45% in the next year.分析記事 • Mar 10CTCI's (TWSE:9933) Shareholders May Want To Dig Deeper Than Statutory ProfitCTCI Corporation's ( TWSE:9933 ) healthy profit numbers didn't contain any surprises for investors. However the...お知らせ • Mar 05CTCI Corporation, Annual General Meeting, May 28, 2025CTCI Corporation, Annual General Meeting, May 28, 2025, at 09:00 Taipei Standard Time. Location: no,127, sec.7 chung shan n. rd., taipei city Taiwanお知らせ • Feb 20CTCI Corporation to Report Q4, 2024 Results on Feb 27, 2025CTCI Corporation announced that they will report Q4, 2024 results on Feb 27, 2025Reported Earnings • Nov 07Third quarter 2024 earnings: EPS and revenues miss analyst expectationsThird quarter 2024 results: EPS: NT$0.47 (down from NT$0.56 in 3Q 2023). Revenue: NT$28.3b (up 1.3% from 3Q 2023). Net income: NT$379.4m (down 15% from 3Q 2023). Profit margin: 1.3% (down from 1.6% in 3Q 2023). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 9.8%. Earnings per share (EPS) also missed analyst estimates by 45%. Revenue is forecast to grow 5.1% p.a. on average during the next 2 years, compared to a 7.1% growth forecast for the Construction industry in Taiwan. Over the last 3 years on average, earnings per share has fallen by 2% per year but the company’s share price has increased by 6% per year, which means it is well ahead of earnings.お知らせ • Oct 29CTCI Corporation to Report Q3, 2024 Results on Nov 05, 2024CTCI Corporation announced that they will report Q3, 2024 results on Nov 05, 2024分析記事 • Sep 02CTCI's (TWSE:9933) Returns Have Hit A WallTo find a multi-bagger stock, what are the underlying trends we should look for in a business? Amongst other things...分析記事 • Aug 09CTCI's (TWSE:9933) Profits Appear To Have Quality IssuesThe stock price didn't jump after CTCI Corporation ( TWSE:9933 ) posted decent earnings last week. We think that...New Risk • Aug 04New major risk - Earnings qualityThe company has a high level of non-cash earnings. Accrual ratio: 43% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (43% accrual ratio). Minor Risk Paying a dividend despite having no free cash flows.Reported Earnings • Aug 04Second quarter 2024 earnings: Revenues exceed analysts expectations while EPS lags behindSecond quarter 2024 results: EPS: NT$0.76 (up from NT$0.61 in 2Q 2023). Revenue: NT$30.8b (up 29% from 2Q 2023). Net income: NT$606.2m (up 25% from 2Q 2023). Profit margin: 2.0% (in line with 2Q 2023). Revenue exceeded analyst estimates by 9.3%. Earnings per share (EPS) missed analyst estimates by 1.3%. Revenue is forecast to grow 2.5% p.a. on average during the next 2 years, compared to a 9.7% growth forecast for the Construction industry in Asia. Over the last 3 years on average, earnings per share has increased by 5% per year whereas the company’s share price has increased by 10% per year.お知らせ • Jul 26CTCI Corporation to Report Q2, 2024 Results on Aug 02, 2024CTCI Corporation announced that they will report Q2, 2024 results on Aug 02, 2024Upcoming Dividend • Jul 05Upcoming dividend of NT$2.05 per shareEligible shareholders must have bought the stock before 12 July 2024. Payment date: 07 August 2024. Payout ratio is on the higher end at 82%, however this is supported by cash flows. Trailing yield: 3.8%. Lower than top quartile of Taiwanese dividend payers (4.2%). Higher than average of industry peers (3.4%).Buy Or Sell Opportunity • Jul 01Now 27% overvalued after recent price riseOver the last 90 days, the stock has risen 13% to NT$53.10. The fair value is estimated to be NT$41.82, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 20% over the last 3 years. Earnings per share has grown by 12%. Revenue is forecast to grow by 10% in a year. Earnings are forecast to grow by 34% in the next year.Buy Or Sell Opportunity • Jun 18Now 22% overvalued after recent price riseOver the last 90 days, the stock has risen 12% to NT$50.90. The fair value is estimated to be NT$41.81, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 20% over the last 3 years. Earnings per share has grown by 12%. Revenue is forecast to grow by 10% in a year. Earnings are forecast to grow by 34% in the next year.Declared Dividend • May 29Dividend of NT$2.06 announcedShareholders will receive a dividend of NT$2.06. Ex-date: 12th July 2024 Payment date: 7th August 2024 Dividend yield will be 4.3%, which is lower than the industry average of 4.7%. Sustainability & Growth Dividend is covered by both earnings (82% earnings payout ratio) and cash flows (27% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. EPS is expected to grow by 22% over the next year, which should provide support to the dividend and adequate earnings cover.Reported Earnings • May 11First quarter 2024 earnings: Revenues exceed analysts expectations while EPS lags behindFirst quarter 2024 results: EPS: NT$0.58 (up from NT$0.47 in 1Q 2023). Revenue: NT$29.3b (up 34% from 1Q 2023). Net income: NT$463.8m (up 27% from 1Q 2023). Profit margin: 1.6% (down from 1.7% in 1Q 2023). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 13%. Earnings per share (EPS) missed analyst estimates by 6.5%. Revenue is forecast to grow 5.4% p.a. on average during the next 2 years, compared to a 9.4% growth forecast for the Construction industry in Asia. Over the last 3 years on average, earnings per share has increased by 12% per year whereas the company’s share price has increased by 10% per year.Major Estimate Revision • May 08Consensus revenue estimates increase by 12%, EPS downgradedThe consensus outlook for fiscal year 2024 has been updated. 2024 revenue forecast increased from NT$110.6b to NT$124.4b. EPS estimate fell from NT$3.34 to NT$3.10. Net income forecast to grow 31% next year vs 22% growth forecast for Construction industry in Taiwan. Consensus price target broadly unchanged at NT$52.00. Share price fell 7.6% to NT$47.75 over the past week.お知らせ • Apr 28CTCI Corporation to Report Q1, 2024 Results on May 03, 2024CTCI Corporation announced that they will report Q1, 2024 results on May 03, 2024分析記事 • Mar 28Cautious Investors Not Rewarding CTCI Corporation's (TWSE:9933) Performance CompletelyWith a price-to-earnings (or "P/E") ratio of 20.2x CTCI Corporation ( TWSE:9933 ) may be sending bullish signals at the...Price Target Changed • Mar 13Price target increased by 8.7% to NT$52.67Up from NT$48.47, the current price target is an average from 3 analysts. New target price is 16% above last closing price of NT$45.25. Stock is up 8.6% over the past year. The company is forecast to post earnings per share of NT$3.34 for next year compared to NT$2.39 last year.Reported Earnings • Mar 08Full year 2023 earnings: Revenues exceed analysts expectations while EPS lags behindFull year 2023 results: EPS: NT$2.39 (down from NT$3.07 in FY 2022). Revenue: NT$103.5b (up 8.9% from FY 2022). Net income: NT$1.89b (down 21% from FY 2022). Profit margin: 1.8% (down from 2.5% in FY 2022). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 1.6%. Earnings per share (EPS) missed analyst estimates by 2.4%. Revenue is forecast to grow 6.7% p.a. on average during the next 2 years, compared to a 11% growth forecast for the Construction industry in Asia. Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth.お知らせ • Mar 06CTCI Corporation, Annual General Meeting, May 24, 2024CTCI Corporation, Annual General Meeting, May 24, 2024. Location: 1F., No. 16, Fushan Rd., Beitou Dist., Taipei City,Taiwan International conference hall Taipei Taiwan Agenda: To consider the Company's business report of 2023; to The Supervisor's review report of 2023; to The directors and Supervisor and employees compensation of 2023; to The company’s accumulated losses in 2023 have reached one-half of the paid-in capital; to Adoption of the Company's 2023 business report and financial statements; to Adoption of the Company's 2023 peficit Compensation; to Approval of the amendment to the Company's ; and to consider other matters if any.Buy Or Sell Opportunity • Mar 01Now 20% overvaluedOver the last 90 days, the stock has fallen 1.6% to NT$43.65. The fair value is estimated to be NT$36.32, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 22% over the last 3 years. Earnings per share has grown by 23%. Revenue is forecast to grow by 23% in 2 years. Earnings are forecast to grow by 56% in the next 2 years.Reported Earnings • Nov 05Third quarter 2023 earnings: Revenues exceed analysts expectations while EPS lags behindThird quarter 2023 results: EPS: NT$0.56 (up from NT$0.44 in 3Q 2022). Revenue: NT$28.0b (up 15% from 3Q 2022). Net income: NT$444.7m (up 28% from 3Q 2022). Profit margin: 1.6% (up from 1.4% in 3Q 2022). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 13%. Earnings per share (EPS) missed analyst estimates by 13%. Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Construction industry in Asia. Over the last 3 years on average, earnings per share has increased by 23% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth.Reported Earnings • Aug 05Second quarter 2023 earnings: EPS and revenues exceed analyst expectationsSecond quarter 2023 results: EPS: NT$0.61 (up from NT$0.56 in 2Q 2022). Revenue: NT$23.8b (up 6.6% from 2Q 2022). Net income: NT$483.4m (up 11% from 2Q 2022). Profit margin: 2.0% (up from 1.9% in 2Q 2022). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 2.1%. Earnings per share (EPS) also surpassed analyst estimates by 3.4%. Revenue is forecast to grow 11% p.a. on average during the next 2 years, compared to a 11% growth forecast for the Construction industry in Asia. Over the last 3 years on average, earnings per share has increased by 29% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth.Upcoming Dividend • Jun 29Upcoming dividend of NT$1.90 per share at 4.5% yieldEligible shareholders must have bought the stock before 06 July 2023. Payment date: 26 July 2023. Payout ratio is on the higher end at 93% but the company is not cash flow positive. Trailing yield: 4.5%. Lower than top quartile of Taiwanese dividend payers (5.5%). Lower than average of industry peers (5.6%).Reported Earnings • Jun 05First quarter 2023 earnings: EPS and revenues miss analyst expectationsFirst quarter 2023 results: EPS: NT$0.47 (down from NT$1.50 in 1Q 2022). Revenue: NT$21.8b (down 2.6% from 1Q 2022). Net income: NT$366.1m (down 68% from 1Q 2022). Profit margin: 1.7% (down from 5.1% in 1Q 2022). Revenue missed analyst estimates by 5.5%. Earnings per share (EPS) also missed analyst estimates by 4.7%. Revenue is forecast to grow 10.0% p.a. on average during the next 2 years, compared to a 11% growth forecast for the Construction industry in Asia. Over the last 3 years on average, earnings per share has increased by 34% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth.お知らせ • Jun 02+ 1 more updateCTCI Corporation Approves Board ChangesCTCI Corporation appointed Chien-Chung Li and Harry Yen as Independent Directors in the place of Frank L.S. Fan and Jack J.T. Huang, effective from May 31, 2023, at the AGM held on May 31, 2023.お知らせ • Jun 01+ 3 more updatesCTCI Corporation Announces the Change of Remuneration CommitteeCTCI Corporation appointed Chien-Chung Li and Harry Yen in the place of Frank L.S. Fan and Jack J.T. Huang as members of the Remuneration Committee, effective from May 31, 2023.お知らせ • May 27CTCI Corporation Announces Cash Dividends, Expects Payable Date to Be July 26, 2023CTCI Corporation announced cash dividends of TWD 1,520,476,113. The dividend distribution date is expected to be July 26, 2023 with Ex-rights (ex-dividend) trading date of July 06, 2023 and Ex-rights (ex-dividend) record date of July 12, 2023.Price Target Changed • May 15Price target decreased by 8.9% to NT$48.00Down from NT$52.67, the current price target is an average from 3 analysts. New target price is 18% above last closing price of NT$40.80. Stock is down 11% over the past year. The company is forecast to post earnings per share of NT$2.88 for next year compared to NT$3.07 last year.Reported Earnings • Mar 09Full year 2022 earnings: EPS and revenues exceed analyst expectationsFull year 2022 results: EPS: NT$3.07 (up from NT$2.15 in FY 2021). Revenue: NT$95.1b (up 35% from FY 2021). Net income: NT$2.38b (up 45% from FY 2021). Profit margin: 2.5% (up from 2.3% in FY 2021). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 2.1%. Earnings per share (EPS) also surpassed analyst estimates by 3.1%. Revenue is forecast to grow 4.9% p.a. on average during the next 2 years, compared to a 12% growth forecast for the Construction industry in Asia. Over the last 3 years on average, earnings per share has increased by 38% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth.お知らせ • Dec 21CTCI Corporation Announces Retirement of Ming-Cheng Hsiao, Executive Vice PresidentCTCI Corporation announced change in the company's corporate governance officer. Name, title, and resume of the previous position holder: Ming-Cheng Hsiao, Executive Vice President. Effective date is December 20, 2022.Board Change • Nov 16Less than half of directors are independentFollowing the recent departure of a director, there are only 4 independent directors on the board. The company's board is composed of: 4 independent directors. 8 non-independent directors. Independent Director Evon Chen was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.Reported Earnings • Nov 04Third quarter 2022 earnings: Revenues exceed analysts expectations while EPS lags behindThird quarter 2022 results: EPS: NT$0.44 (down from NT$0.64 in 3Q 2021). Revenue: NT$24.4b (up 45% from 3Q 2021). Net income: NT$346.9m (down 29% from 3Q 2021). Profit margin: 1.4% (down from 2.9% in 3Q 2021). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 3.2%. Earnings per share (EPS) missed analyst estimates by 36%. Revenue is forecast to grow 8.3% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Construction industry in Asia. Over the last 3 years on average, earnings per share has increased by 37% per year but the company’s share price has remained flat, which means it is significantly lagging earnings.Price Target Changed • Nov 03Price target decreased to NT$54.50Down from NT$64.00, the current price target is an average from 2 analysts. New target price is 15% above last closing price of NT$47.40. Stock is up 30% over the past year. The company is forecast to post earnings per share of NT$3.29 for next year compared to NT$2.15 last year.Reported Earnings • Aug 05Second quarter 2022 earnings: EPS and revenues miss analyst expectationsSecond quarter 2022 results: EPS: NT$0.55 (up from NT$0.42 in 2Q 2021). Revenue: NT$22.4b (up 40% from 2Q 2021). Net income: NT$434.2m (up 36% from 2Q 2021). Profit margin: 1.9% (down from 2.0% in 2Q 2021). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 1.5%. Earnings per share (EPS) also missed analyst estimates by 23%. Over the next year, revenue is forecast to grow 9.6%, compared to a 17% growth forecast for the industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 25% per year but the company’s share price has remained flat, which means it is significantly lagging earnings.Upcoming Dividend • Jun 24Upcoming dividend of NT$2.26 per shareEligible shareholders must have bought the stock before 01 July 2022. Payment date: 29 July 2022. Payout ratio is a comfortable 67% but the company is paying out more than the cash it is generating. Trailing yield: 4.9%. Lower than top quartile of Taiwanese dividend payers (6.4%). Lower than average of industry peers (6.0%).お知らせ • Jun 17CTCI Corporation Announces the Adjustment of Cash Dividends RatioCTCI Corporation announced the adjustment of cash dividends ratio. Type and monetary amount of original dividend distribution: cash dividend: TWD 1,776,077,870 (TWD 2.30 per share). Type and monetary amount of dividend distribution after the change: cash dividend: TWD 1,776,077,870 (TWD 2.26028082 per share). Reason for the change: The total common shares outstanding have been changed due to the exercise of employee stock option and the cancellation of restricted stock awards. The Chairman is authorized to adjust the cash to be distributed to each common share.お知らせ • May 20CTCI Corporation Announces Board ChangesCTCI Corporation announced board changes. Name of the previous position holder: Ting-Kuo Li. Resume of the previous position holder: President of Infrastructure, Environmental & Power Business Operations of CTCI Corporation. Name of the new position holder: Ming-Shyan Lee. Resume of the new position holder: Senior Vice President of CTCI Corporation. Reason for the change: Institutional director reassigned its representative. Effective date of the new appointment is July 1, 2022.Price Target Changed • May 09Price target increased to NT$59.75Up from NT$51.00, the current price target is an average from 2 analysts. New target price is 24% above last closing price of NT$48.25. Stock is up 23% over the past year. The company is forecast to post earnings per share of NT$3.76 for next year compared to NT$2.15 last year.Reported Earnings • May 06First quarter 2022 earnings: EPS and revenues exceed analyst expectationsFirst quarter 2022 results: EPS: NT$1.50 (up from NT$0.31 in 1Q 2021). Revenue: NT$22.4b (up 53% from 1Q 2021). Net income: NT$1.15b (up 390% from 1Q 2021). Profit margin: 5.1% (up from 1.6% in 1Q 2021). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 6.6%. Earnings per share (EPS) also surpassed analyst estimates by 87%. Over the next year, revenue is forecast to grow 6.8%, compared to a 16% growth forecast for the industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth.Board Change • Apr 27Less than half of directors are independentFollowing the recent departure of a director, there are only 4 independent directors on the board. The company's board is composed of: 4 independent directors. 8 non-independent directors. Independent Director Evon Chen was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.Reported Earnings • Mar 13Full year 2021 earnings: EPS and revenues exceed analyst expectationsFull year 2021 results: EPS: NT$2.15 (up from NT$1.01 in FY 2020). Revenue: NT$70.5b (up 27% from FY 2020). Net income: NT$1.64b (up 114% from FY 2020). Profit margin: 2.3% (up from 1.4% in FY 2020). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 8.6%. Earnings per share (EPS) also surpassed analyst estimates by 3.1%. Over the next year, revenue is forecast to grow 5.1%, compared to a 14% growth forecast for the industry in Taiwan. Over the last 3 years on average, earnings per share has fallen by 12% per year but the company’s share price has only fallen by 3% per year, which means it has not declined as severely as earnings.Reported Earnings • Nov 05Third quarter 2021 earnings released: EPS NT$0.64 (vs NT$0.28 in 3Q 2020)The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: NT$16.8b (up 18% from 3Q 2020). Net income: NT$488.4m (up 130% from 3Q 2020). Profit margin: 2.9% (up from 1.5% in 3Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 24% per year but the company’s share price has only fallen by 7% per year, which means it has not declined as severely as earnings.Upcoming Dividend • Aug 13Upcoming dividend of NT$2.00 per shareEligible shareholders must have bought the stock before 20 August 2021. Payment date: 17 September 2021. Trailing yield: 5.2%. Within top quartile of Taiwanese dividend payers (5.1%). In line with average of industry peers (4.8%).Reported Earnings • Aug 04Second quarter 2021 earnings released: EPS NT$0.42 (vs NT$0.20 in 2Q 2020)The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: NT$16.0b (up 21% from 2Q 2020). Net income: NT$319.6m (up 108% from 2Q 2020). Profit margin: 2.0% (up from 1.2% in 2Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 30% per year but the company’s share price has only fallen by 6% per year, which means it has not declined as severely as earnings.Major Estimate Revision • May 11Consensus forecasts updatedThe consensus outlook for 2021 has been updated. 2021 revenue forecast increased from NT$62.7b to NT$67.2b. EPS estimate fell from NT$2.28 to NT$2.02 per share. Net income forecast to grow 103% next year vs 29% growth forecast for Construction industry in Taiwan. Consensus price target broadly unchanged at NT$49.00. Share price rose 2.2% to NT$38.95 over the past week.分析記事 • Apr 07Should You Buy CTCI Corporation (TPE:9933) For Its Dividend?Today we'll take a closer look at CTCI Corporation ( TPE:9933 ) from a dividend investor's perspective. Owning a strong...Analyst Estimate Surprise Post Earnings • Mar 11Revenue and earnings miss expectationsRevenue missed analyst estimates by 0.9%. Earnings per share (EPS) also missed analyst estimates by 7.8%. Over the next year, revenue is forecast to grow 17%, compared to a 12% growth forecast for the Construction industry in Taiwan.お知らせ • Mar 10+ 1 more updateCtci Corporation Announces Chief Financial Officer ChangesCTCI Corporation announced that Ming-Cheng Hsiao has been appointed as Chief Financial Officer, Effective March 9, 2021. Ming-Cheng Hsiao is the new replacement of Patrick Lin.Reported Earnings • Mar 10Full year 2020 earnings released: EPS NT$1.01 (vs NT$1.55 in FY 2019)The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2020 results: Revenue: NT$55.6b (down 4.6% from FY 2019). Net income: NT$766.5m (down 35% from FY 2019). Profit margin: 1.4% (down from 2.0% in FY 2019). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 38% per year but the company’s share price has only fallen by 8% per year, which means it has not declined as severely as earnings.Executive Departure • Feb 22Senior VP & CFO has left the companyOn the 19th of February, Patrick Lin's tenure as Senior VP & CFO ended after 4.1 years in the role. We don't have any record of a personal shareholding under Patrick's name. Patrick is the only executive to leave the company over the last 12 months.お知らせ • Feb 20CTCI Corporation Announces Chief Financial Officer ChangesCTCI Corporation announced retirement of Patrick Lin as Chief Financial Officer, Effective February 19, 2021. The Vice President, Ming-Cheng Hsiao, will act for the position till the appointment of the new replacement to be resolved by the board of directors.Is New 90 Day High Low • Jan 26New 90-day low: NT$35.10The company is down 11% from its price of NT$39.35 on 28 October 2020. The Taiwanese market is up 23% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Construction industry, which is up 1.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is NT$77.30 per share.Is New 90 Day High Low • Jan 06New 90-day low: NT$37.65The company is down 5.0% from its price of NT$39.45 on 08 October 2020. The Taiwanese market is up 17% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Construction industry, which is up 3.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is NT$82.86 per share.分析記事 • Dec 18Is CTCI Corporation (TPE:9933) At Risk Of Cutting Its Dividend?Today we'll take a closer look at CTCI Corporation ( TPE:9933 ) from a dividend investor's perspective. Owning a strong...分析記事 • Nov 26We Wouldn't Rely On CTCI's (TPE:9933) Statutory Earnings As A GuideStatistically speaking, it is less risky to invest in profitable companies than in unprofitable ones. That said, the...Is New 90 Day High Low • Nov 18New 90-day high: NT$40.00The company is up 14% from its price of NT$35.00 on 20 August 2020. The Taiwanese market is up 6.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Construction industry, which is up 7.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is NT$72.79 per share.Major Estimate Revision • Nov 12Analysts update estimatesThe 2020 consensus earning per share (EPS) estimate was lowered from NT$1.67 to NT$1.09. Revenue estimate was approximately flat at NT$56.5b. Net income is expected to grow by 29% next year compared to 14% growth forecast for the Construction industry in Taiwan. The consensus price target of NT$47.23 was unchanged from the last update. Share price is up 1.6% to NT$39.30 over the past week.Analyst Estimate Surprise Post Earnings • Nov 05Revenue and earnings miss expectationsRevenue missed analyst estimates by 2.1%. Earnings per share (EPS) also missed analyst estimates by 50%. Over the next year, revenue is forecast to grow 12%, compared to a 11% growth forecast for the Construction industry in Taiwan.Reported Earnings • Nov 05Third quarter 2020 earnings released: EPS NT$0.28The company reported a decent third quarter result with improved earnings and profit margins, although revenues were weaker. Third quarter 2020 results: Revenue: NT$14.2b (down 11% from 3Q 2019). Net income: NT$212.8m (up NT$177.8m from 3Q 2019). Profit margin: 1.5% (up from 0.2% in 3Q 2019). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 36% per year but the company’s share price has only fallen by 5% per year, which means it has not declined as severely as earnings.株主還元9933TW ConstructionTW 市場7D-4.1%1.2%-4.3%1Y77.2%42.9%95.6%株主還元を見る業界別リターン: 9933過去 1 年間で42.9 % の収益を上げたTW Construction業界を上回りました。リターン対市場: 9933は、過去 1 年間で95.6 % のリターンを上げたTW市場を下回りました。価格変動Is 9933's price volatile compared to industry and market?9933 volatility9933 Average Weekly Movement5.6%Construction Industry Average Movement5.6%Market Average Movement6.5%10% most volatile stocks in TW Market12.1%10% least volatile stocks in TW Market2.6%安定した株価: 9933 、 TW市場と比較して、過去 3 か月間で大きな価格変動はありませんでした。時間の経過による変動: 9933の 週次ボラティリティ ( 6% ) は過去 1 年間安定しています。会社概要設立従業員CEO（最高経営責任者ウェブサイト1979n/aMing-Shyan Leewww.ctci.comCTCI株式会社は、台湾、米国、および国際的なエンジニアリング、建設プラント、機械設備、環境保護プロジェクトの設計、測量、建設、検査に従事している。建設技術部、環境資源部、営業部、その他営業部を通じて事業を展開。同社は、プロジェクト管理、フィージビリティ・スタディとフロントエンド・エンジニアリング設計、エンジニアリング、調達、製造、建設、試運転、インテリジェント・ソリューション、オートメーションと制御、クリーンルームと機械・電気・配管エンジニアリング・ソリューション、インテリジェント構造物のジャッキアップと移動、地盤凍結、オペレーションとメンテナンス・サービスなどのサービスを提供している。また、圧力容器、配管プレファブリケーション、熱交換器などの定置設備、基本設計、設備サイジング、エンジニアリング、施工図からなるエンジニアリング業務の支援、設備点検・改造、プラント停止点検、プラントメンテナンス業務も行っている。また、石油化学プラント向けの防汚剤、重合防止剤、腐食防止剤などの化学添加剤、石油精製プラント向けの消泡剤、防汚剤、乳化破壊剤、腐食防止剤、焼却プラント向けの重金属キレート剤、重金属安定剤、ボイラー水処理添加剤、活性炭製品などを提供している。さらに、インテリジェントなエネルギー管理システム・ソフトウェアも提供している。炭化水素、石油化学、電力、環境、製油所、輸送、技術施設、工業市場、LNG受入ターミナルにサービスを提供している。CTCIは1979年に設立され、本社は台湾の台北市にある。もっと見るCTCI Corporation 基礎のまとめCTCI の収益と売上を時価総額と比較するとどうか。9933 基礎統計学時価総額NT$37.71b収益（TTM）NT$3.80b売上高(TTM)NT$86.78b9.9xPER（株価収益率0.4xP/Sレシオ9933 は割高か？公正価値と評価分析を参照収益と収入最新の決算報告書（TTM）に基づく主な収益性統計9933 損益計算書（TTM）収益NT$86.78b売上原価NT$77.66b売上総利益NT$9.12bその他の費用NT$5.32b収益NT$3.80b直近の収益報告Mar 31, 2026次回決算日該当なし一株当たり利益（EPS）4.23グロス・マージン10.51%純利益率4.38%有利子負債／自己資本比率125.1%9933 の長期的なパフォーマンスは？過去の実績と比較を見る配当金1.9%現在の配当利回り19%配当性向View Valuation企業分析と財務データの現状データ最終更新日（UTC時間）企業分析2026/06/29 22:44終値2026/06/29 00:00収益2026/03/31年間収益2025/12/31データソース企業分析に使用したデータはS&P Global Market Intelligence LLC のものです。本レポートを作成するための分析モデルでは、以下のデータを使用しています。データは正規化されているため、ソースが利用可能になるまでに時間がかかる場合があります。パッケージデータタイムフレーム米国ソース例会社財務10年損益計算書キャッシュ・フロー計算書貸借対照表SECフォーム10-KSECフォーム10-Qアナリストのコンセンサス予想+プラス3年予想財務アナリストの目標株価アナリストリサーチレポートBlue Matrix市場価格30年株価配当、分割、措置ICEマーケットデータSECフォームS-1所有権10年トップ株主インサイダー取引SECフォーム4SECフォーム13Dマネジメント10年リーダーシップ・チーム取締役会SECフォーム10-KSECフォームDEF 14A主な進展10年会社からのお知らせSECフォーム8-K* 米国証券を対象とした例であり、非米国証券については、同等の規制書式および情報源を使用。特に断りのない限り、すべての財務データは1年ごとの期間に基づいていますが、四半期ごとに更新されます。これは、TTM（Trailing Twelve Month）またはLTM（Last Twelve Month）データとして知られています。詳細はこちら。分析モデルとスノーフレークこのレポートを生成するために使用した分析モデルの詳細は、当社の Github ページ でご覧いただけます。また、レポートの使い方に関する ガイド や YouTube の チュートリアル もご用意しています。シンプリー・ウォールストリート分析モデルを設計・構築した世界トップクラスのチームについてご紹介します。業界およびセクターの指標私たちの業界とセクションの指標は、Simply Wall Stによって6時間ごとに計算されます。アナリスト筋CTCI Corporation 1 これらのアナリストのうち、弊社レポートのインプットとして使用した売上高または利益の予想を提出したのは、 。アナリストの投稿は一日中更新されます。7 アナリスト機関Naifeng HouCGS InternationalFan-Jen TsengKGI Securities Co. Ltd.Corinne JianMacquarie Research4 その他のアナリストを表示
Reported Earnings • May 13First quarter 2026 earnings: EPS and revenues miss analyst expectationsFirst quarter 2026 results: EPS: NT$1.00 (up from NT$1.38 loss in 1Q 2025). Revenue: NT$17.2b (down 23% from 1Q 2025). Net income: NT$892.0m (up NT$2.11b from 1Q 2025). Profit margin: 5.2% (up from net loss in 1Q 2025). The move to profitability was driven by lower expenses. Revenue missed analyst estimates by 26%. Earnings per share (EPS) also missed analyst estimates by 7.4%. Revenue is forecast to grow 9.4% p.a. on average during the next 3 years, compared to a 29% growth forecast for the Construction industry in Taiwan. Over the last 3 years on average, earnings per share has fallen by 1% per year whereas the company’s share price has remained flat.
Valuation Update With 7 Day Price Move • Mar 16Investor sentiment improves as stock rises 15%After last week's 15% share price gain to NT$34.30, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 14x in the Construction industry in Asia. Total returns to shareholders of 1.0% over the past three years.
Reported Earnings • Mar 11Full year 2025 earnings: EPS and revenues exceed analyst expectationsFull year 2025 results: EPS: NT$1.91 (down from NT$2.21 in FY 2024). Revenue: NT$91.8b (down 23% from FY 2024). Net income: NT$1.69b (down 13% from FY 2024). Profit margin: 1.8% (up from 1.6% in FY 2024). The increase in margin was driven by lower expenses. Revenue exceeded analyst estimates by 5.4%. Earnings per share (EPS) also surpassed analyst estimates. Over the last 3 years on average, earnings per share has fallen by 33% per year but the company’s share price has only fallen by 5% per year, which means it has not declined as severely as earnings.
お知らせ • Mar 10CTCI Corporation, Annual General Meeting, May 25, 2026CTCI Corporation, Annual General Meeting, May 25, 2026, at 09:00 Taipei Standard Time. Location: no,127, sec.7 chung shan n. rd., taipei city Taiwan
Buy Or Sell Opportunity • Jan 14Now 21% overvalued after recent price riseOver the last 90 days, the stock has risen 6.1% to NT$33.15. The fair value is estimated to be NT$27.32, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 6.2% over the last 3 years. Earnings per share has declined by 42%. Revenue is forecast to decline by 0.04% in a year. Earnings are forecast to grow by 769% in the next year.
Major Estimate Revision • Nov 26Consensus revenue estimates fall by 20%The consensus outlook for revenues in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from NT$108.7b to NT$87.2b. EPS estimate fell from NT$0.854 to NT$0.56 per share. Net income forecast to grow 769% next year vs 20% growth forecast for Construction industry in Taiwan. Consensus price target up from NT$36.81 to NT$40.98. Share price rose 9.8% to NT$33.60 over the past week.
Reported Earnings • May 13First quarter 2026 earnings: EPS and revenues miss analyst expectationsFirst quarter 2026 results: EPS: NT$1.00 (up from NT$1.38 loss in 1Q 2025). Revenue: NT$17.2b (down 23% from 1Q 2025). Net income: NT$892.0m (up NT$2.11b from 1Q 2025). Profit margin: 5.2% (up from net loss in 1Q 2025). The move to profitability was driven by lower expenses. Revenue missed analyst estimates by 26%. Earnings per share (EPS) also missed analyst estimates by 7.4%. Revenue is forecast to grow 9.4% p.a. on average during the next 3 years, compared to a 29% growth forecast for the Construction industry in Taiwan. Over the last 3 years on average, earnings per share has fallen by 1% per year whereas the company’s share price has remained flat.
Valuation Update With 7 Day Price Move • Mar 16Investor sentiment improves as stock rises 15%After last week's 15% share price gain to NT$34.30, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 14x in the Construction industry in Asia. Total returns to shareholders of 1.0% over the past three years.
Reported Earnings • Mar 11Full year 2025 earnings: EPS and revenues exceed analyst expectationsFull year 2025 results: EPS: NT$1.91 (down from NT$2.21 in FY 2024). Revenue: NT$91.8b (down 23% from FY 2024). Net income: NT$1.69b (down 13% from FY 2024). Profit margin: 1.8% (up from 1.6% in FY 2024). The increase in margin was driven by lower expenses. Revenue exceeded analyst estimates by 5.4%. Earnings per share (EPS) also surpassed analyst estimates. Over the last 3 years on average, earnings per share has fallen by 33% per year but the company’s share price has only fallen by 5% per year, which means it has not declined as severely as earnings.
お知らせ • Mar 10CTCI Corporation, Annual General Meeting, May 25, 2026CTCI Corporation, Annual General Meeting, May 25, 2026, at 09:00 Taipei Standard Time. Location: no,127, sec.7 chung shan n. rd., taipei city Taiwan
Buy Or Sell Opportunity • Jan 14Now 21% overvalued after recent price riseOver the last 90 days, the stock has risen 6.1% to NT$33.15. The fair value is estimated to be NT$27.32, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 6.2% over the last 3 years. Earnings per share has declined by 42%. Revenue is forecast to decline by 0.04% in a year. Earnings are forecast to grow by 769% in the next year.
Major Estimate Revision • Nov 26Consensus revenue estimates fall by 20%The consensus outlook for revenues in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from NT$108.7b to NT$87.2b. EPS estimate fell from NT$0.854 to NT$0.56 per share. Net income forecast to grow 769% next year vs 20% growth forecast for Construction industry in Taiwan. Consensus price target up from NT$36.81 to NT$40.98. Share price rose 9.8% to NT$33.60 over the past week.
Reported Earnings • Nov 06Third quarter 2025 earnings released: EPS: NT$0.85 (vs NT$0.43 in 3Q 2024)Third quarter 2025 results: EPS: NT$0.85 (up from NT$0.43 in 3Q 2024). Revenue: NT$21.2b (down 25% from 3Q 2024). Net income: NT$758.6m (up 100% from 3Q 2024). Profit margin: 3.6% (up from 1.3% in 3Q 2024). The increase in margin was driven by lower expenses. Revenue is forecast to grow 7.1% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Construction industry in Taiwan. Over the last 3 years on average, earnings per share has fallen by 42% per year but the company’s share price has only fallen by 3% per year, which means it has not declined as severely as earnings.
Reported Earnings • Aug 15Second quarter 2025 earnings: EPS and revenues miss analyst expectationsSecond quarter 2025 results: EPS: NT$0.29 (down from NT$0.69 in 2Q 2024). Revenue: NT$24.2b (down 22% from 2Q 2024). Net income: NT$254.3m (down 58% from 2Q 2024). Profit margin: 1.1% (down from 2.0% in 2Q 2024). The decrease in margin was driven by lower revenue. Revenue missed analyst estimates by 7.7%. Earnings per share (EPS) also missed analyst estimates by 42%. Revenue is forecast to grow 4.5% p.a. on average during the next 3 years, compared to a 14% growth forecast for the Construction industry in Taiwan. Over the last 3 years on average, earnings per share has fallen by 35% per year but the company’s share price has only fallen by 10% per year, which means it has not declined as severely as earnings.
Upcoming Dividend • Aug 08Upcoming dividend of NT$1.00 per shareEligible shareholders must have bought the stock before 15 August 2025. Payment date: 17 September 2025. The company is paying out more than 100% of its profits and is cash flow negative. Trailing yield: 3.1%. Lower than top quartile of Taiwanese dividend payers (5.3%). Lower than average of industry peers (3.6%).
New Risk • Jul 09New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Taiwanese stocks, typically moving 7.8% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Dividend is not well covered by earnings and cash flows. Payout ratio: 307% Paying a dividend despite having no free cash flows. High level of non-cash earnings (40% accrual ratio). Minor Risks Share price has been volatile over the past 3 months (7.8% average weekly change). Profit margins are more than 30% lower than last year (0.2% net profit margin).
Buy Or Sell Opportunity • Jun 24Now 23% overvaluedOver the last 90 days, the stock has fallen 38% to NT$26.10. The fair value is estimated to be NT$21.18, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 13% over the last 3 years. Earnings per share has declined by 23%. Revenue is forecast to decline by 1.8% in a year. Earnings are forecast to grow by 273% in the next year.
Buy Or Sell Opportunity • May 15Now 21% undervalued after recent price dropOver the last 90 days, the stock has fallen 34% to NT$27.30. The fair value is estimated to be NT$34.39, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 13% over the last 3 years. Earnings per share has declined by 23%. Revenue is forecast to decline by 1.8% in a year. Earnings are forecast to grow by 273% in the next year.
Reported Earnings • May 14First quarter 2025 earnings: EPS and revenues miss analyst expectationsFirst quarter 2025 results: NT$1.52 loss per share (down from NT$0.58 profit in 1Q 2024). Revenue: NT$22.3b (down 24% from 1Q 2024). Net loss: NT$1.22b (down 363% from profit in 1Q 2024). Revenue missed analyst estimates by 24%. Earnings per share (EPS) were also behind analyst expectations. Over the last 3 years on average, earnings per share has fallen by 23% per year but the company’s share price has only fallen by 15% per year, which means it has not declined as severely as earnings.
お知らせ • May 06CTCI Corporation to Report Q1, 2025 Results on May 13, 2025CTCI Corporation announced that they will report Q1, 2025 results on May 13, 2025
お知らせ • Apr 24CTCI Corporation announced a financing transactionCTCI Corporation announced a private placement of not more than 90,000,000 common shares on April 22, 2025. The transaction has been approved by the shareholders of the company.
Valuation Update With 7 Day Price Move • Apr 18Investor sentiment deteriorates as stock falls 19%After last week's 19% share price decline to NT$31.60, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 11x in the Construction industry in Asia. Total loss to shareholders of 24% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at NT$31.50 per share.
Buy Or Sell Opportunity • Apr 10Now 24% overvaluedThe stock has been flat over the last 90 days, currently trading at NT$39.20. The fair value is estimated to be NT$31.66, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 16% over the last 3 years. Earnings per share has declined by 7.6%. Revenue is forecast to grow by 7.1% in a year. Earnings are forecast to grow by 45% in the next year.
分析記事 • Mar 10CTCI's (TWSE:9933) Shareholders May Want To Dig Deeper Than Statutory ProfitCTCI Corporation's ( TWSE:9933 ) healthy profit numbers didn't contain any surprises for investors. However the...
お知らせ • Mar 05CTCI Corporation, Annual General Meeting, May 28, 2025CTCI Corporation, Annual General Meeting, May 28, 2025, at 09:00 Taipei Standard Time. Location: no,127, sec.7 chung shan n. rd., taipei city Taiwan
お知らせ • Feb 20CTCI Corporation to Report Q4, 2024 Results on Feb 27, 2025CTCI Corporation announced that they will report Q4, 2024 results on Feb 27, 2025
Reported Earnings • Nov 07Third quarter 2024 earnings: EPS and revenues miss analyst expectationsThird quarter 2024 results: EPS: NT$0.47 (down from NT$0.56 in 3Q 2023). Revenue: NT$28.3b (up 1.3% from 3Q 2023). Net income: NT$379.4m (down 15% from 3Q 2023). Profit margin: 1.3% (down from 1.6% in 3Q 2023). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 9.8%. Earnings per share (EPS) also missed analyst estimates by 45%. Revenue is forecast to grow 5.1% p.a. on average during the next 2 years, compared to a 7.1% growth forecast for the Construction industry in Taiwan. Over the last 3 years on average, earnings per share has fallen by 2% per year but the company’s share price has increased by 6% per year, which means it is well ahead of earnings.
お知らせ • Oct 29CTCI Corporation to Report Q3, 2024 Results on Nov 05, 2024CTCI Corporation announced that they will report Q3, 2024 results on Nov 05, 2024
分析記事 • Sep 02CTCI's (TWSE:9933) Returns Have Hit A WallTo find a multi-bagger stock, what are the underlying trends we should look for in a business? Amongst other things...
分析記事 • Aug 09CTCI's (TWSE:9933) Profits Appear To Have Quality IssuesThe stock price didn't jump after CTCI Corporation ( TWSE:9933 ) posted decent earnings last week. We think that...
New Risk • Aug 04New major risk - Earnings qualityThe company has a high level of non-cash earnings. Accrual ratio: 43% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (43% accrual ratio). Minor Risk Paying a dividend despite having no free cash flows.
Reported Earnings • Aug 04Second quarter 2024 earnings: Revenues exceed analysts expectations while EPS lags behindSecond quarter 2024 results: EPS: NT$0.76 (up from NT$0.61 in 2Q 2023). Revenue: NT$30.8b (up 29% from 2Q 2023). Net income: NT$606.2m (up 25% from 2Q 2023). Profit margin: 2.0% (in line with 2Q 2023). Revenue exceeded analyst estimates by 9.3%. Earnings per share (EPS) missed analyst estimates by 1.3%. Revenue is forecast to grow 2.5% p.a. on average during the next 2 years, compared to a 9.7% growth forecast for the Construction industry in Asia. Over the last 3 years on average, earnings per share has increased by 5% per year whereas the company’s share price has increased by 10% per year.
お知らせ • Jul 26CTCI Corporation to Report Q2, 2024 Results on Aug 02, 2024CTCI Corporation announced that they will report Q2, 2024 results on Aug 02, 2024
Upcoming Dividend • Jul 05Upcoming dividend of NT$2.05 per shareEligible shareholders must have bought the stock before 12 July 2024. Payment date: 07 August 2024. Payout ratio is on the higher end at 82%, however this is supported by cash flows. Trailing yield: 3.8%. Lower than top quartile of Taiwanese dividend payers (4.2%). Higher than average of industry peers (3.4%).
Buy Or Sell Opportunity • Jul 01Now 27% overvalued after recent price riseOver the last 90 days, the stock has risen 13% to NT$53.10. The fair value is estimated to be NT$41.82, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 20% over the last 3 years. Earnings per share has grown by 12%. Revenue is forecast to grow by 10% in a year. Earnings are forecast to grow by 34% in the next year.
Buy Or Sell Opportunity • Jun 18Now 22% overvalued after recent price riseOver the last 90 days, the stock has risen 12% to NT$50.90. The fair value is estimated to be NT$41.81, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 20% over the last 3 years. Earnings per share has grown by 12%. Revenue is forecast to grow by 10% in a year. Earnings are forecast to grow by 34% in the next year.
Declared Dividend • May 29Dividend of NT$2.06 announcedShareholders will receive a dividend of NT$2.06. Ex-date: 12th July 2024 Payment date: 7th August 2024 Dividend yield will be 4.3%, which is lower than the industry average of 4.7%. Sustainability & Growth Dividend is covered by both earnings (82% earnings payout ratio) and cash flows (27% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. EPS is expected to grow by 22% over the next year, which should provide support to the dividend and adequate earnings cover.
Reported Earnings • May 11First quarter 2024 earnings: Revenues exceed analysts expectations while EPS lags behindFirst quarter 2024 results: EPS: NT$0.58 (up from NT$0.47 in 1Q 2023). Revenue: NT$29.3b (up 34% from 1Q 2023). Net income: NT$463.8m (up 27% from 1Q 2023). Profit margin: 1.6% (down from 1.7% in 1Q 2023). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 13%. Earnings per share (EPS) missed analyst estimates by 6.5%. Revenue is forecast to grow 5.4% p.a. on average during the next 2 years, compared to a 9.4% growth forecast for the Construction industry in Asia. Over the last 3 years on average, earnings per share has increased by 12% per year whereas the company’s share price has increased by 10% per year.
Major Estimate Revision • May 08Consensus revenue estimates increase by 12%, EPS downgradedThe consensus outlook for fiscal year 2024 has been updated. 2024 revenue forecast increased from NT$110.6b to NT$124.4b. EPS estimate fell from NT$3.34 to NT$3.10. Net income forecast to grow 31% next year vs 22% growth forecast for Construction industry in Taiwan. Consensus price target broadly unchanged at NT$52.00. Share price fell 7.6% to NT$47.75 over the past week.
お知らせ • Apr 28CTCI Corporation to Report Q1, 2024 Results on May 03, 2024CTCI Corporation announced that they will report Q1, 2024 results on May 03, 2024
分析記事 • Mar 28Cautious Investors Not Rewarding CTCI Corporation's (TWSE:9933) Performance CompletelyWith a price-to-earnings (or "P/E") ratio of 20.2x CTCI Corporation ( TWSE:9933 ) may be sending bullish signals at the...
Price Target Changed • Mar 13Price target increased by 8.7% to NT$52.67Up from NT$48.47, the current price target is an average from 3 analysts. New target price is 16% above last closing price of NT$45.25. Stock is up 8.6% over the past year. The company is forecast to post earnings per share of NT$3.34 for next year compared to NT$2.39 last year.
Reported Earnings • Mar 08Full year 2023 earnings: Revenues exceed analysts expectations while EPS lags behindFull year 2023 results: EPS: NT$2.39 (down from NT$3.07 in FY 2022). Revenue: NT$103.5b (up 8.9% from FY 2022). Net income: NT$1.89b (down 21% from FY 2022). Profit margin: 1.8% (down from 2.5% in FY 2022). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 1.6%. Earnings per share (EPS) missed analyst estimates by 2.4%. Revenue is forecast to grow 6.7% p.a. on average during the next 2 years, compared to a 11% growth forecast for the Construction industry in Asia. Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth.
お知らせ • Mar 06CTCI Corporation, Annual General Meeting, May 24, 2024CTCI Corporation, Annual General Meeting, May 24, 2024. Location: 1F., No. 16, Fushan Rd., Beitou Dist., Taipei City,Taiwan International conference hall Taipei Taiwan Agenda: To consider the Company's business report of 2023; to The Supervisor's review report of 2023; to The directors and Supervisor and employees compensation of 2023; to The company’s accumulated losses in 2023 have reached one-half of the paid-in capital; to Adoption of the Company's 2023 business report and financial statements; to Adoption of the Company's 2023 peficit Compensation; to Approval of the amendment to the Company's ; and to consider other matters if any.
Buy Or Sell Opportunity • Mar 01Now 20% overvaluedOver the last 90 days, the stock has fallen 1.6% to NT$43.65. The fair value is estimated to be NT$36.32, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 22% over the last 3 years. Earnings per share has grown by 23%. Revenue is forecast to grow by 23% in 2 years. Earnings are forecast to grow by 56% in the next 2 years.
Reported Earnings • Nov 05Third quarter 2023 earnings: Revenues exceed analysts expectations while EPS lags behindThird quarter 2023 results: EPS: NT$0.56 (up from NT$0.44 in 3Q 2022). Revenue: NT$28.0b (up 15% from 3Q 2022). Net income: NT$444.7m (up 28% from 3Q 2022). Profit margin: 1.6% (up from 1.4% in 3Q 2022). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 13%. Earnings per share (EPS) missed analyst estimates by 13%. Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Construction industry in Asia. Over the last 3 years on average, earnings per share has increased by 23% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth.
Reported Earnings • Aug 05Second quarter 2023 earnings: EPS and revenues exceed analyst expectationsSecond quarter 2023 results: EPS: NT$0.61 (up from NT$0.56 in 2Q 2022). Revenue: NT$23.8b (up 6.6% from 2Q 2022). Net income: NT$483.4m (up 11% from 2Q 2022). Profit margin: 2.0% (up from 1.9% in 2Q 2022). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 2.1%. Earnings per share (EPS) also surpassed analyst estimates by 3.4%. Revenue is forecast to grow 11% p.a. on average during the next 2 years, compared to a 11% growth forecast for the Construction industry in Asia. Over the last 3 years on average, earnings per share has increased by 29% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth.
Upcoming Dividend • Jun 29Upcoming dividend of NT$1.90 per share at 4.5% yieldEligible shareholders must have bought the stock before 06 July 2023. Payment date: 26 July 2023. Payout ratio is on the higher end at 93% but the company is not cash flow positive. Trailing yield: 4.5%. Lower than top quartile of Taiwanese dividend payers (5.5%). Lower than average of industry peers (5.6%).
Reported Earnings • Jun 05First quarter 2023 earnings: EPS and revenues miss analyst expectationsFirst quarter 2023 results: EPS: NT$0.47 (down from NT$1.50 in 1Q 2022). Revenue: NT$21.8b (down 2.6% from 1Q 2022). Net income: NT$366.1m (down 68% from 1Q 2022). Profit margin: 1.7% (down from 5.1% in 1Q 2022). Revenue missed analyst estimates by 5.5%. Earnings per share (EPS) also missed analyst estimates by 4.7%. Revenue is forecast to grow 10.0% p.a. on average during the next 2 years, compared to a 11% growth forecast for the Construction industry in Asia. Over the last 3 years on average, earnings per share has increased by 34% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth.
お知らせ • Jun 02+ 1 more updateCTCI Corporation Approves Board ChangesCTCI Corporation appointed Chien-Chung Li and Harry Yen as Independent Directors in the place of Frank L.S. Fan and Jack J.T. Huang, effective from May 31, 2023, at the AGM held on May 31, 2023.
お知らせ • Jun 01+ 3 more updatesCTCI Corporation Announces the Change of Remuneration CommitteeCTCI Corporation appointed Chien-Chung Li and Harry Yen in the place of Frank L.S. Fan and Jack J.T. Huang as members of the Remuneration Committee, effective from May 31, 2023.
お知らせ • May 27CTCI Corporation Announces Cash Dividends, Expects Payable Date to Be July 26, 2023CTCI Corporation announced cash dividends of TWD 1,520,476,113. The dividend distribution date is expected to be July 26, 2023 with Ex-rights (ex-dividend) trading date of July 06, 2023 and Ex-rights (ex-dividend) record date of July 12, 2023.
Price Target Changed • May 15Price target decreased by 8.9% to NT$48.00Down from NT$52.67, the current price target is an average from 3 analysts. New target price is 18% above last closing price of NT$40.80. Stock is down 11% over the past year. The company is forecast to post earnings per share of NT$2.88 for next year compared to NT$3.07 last year.
Reported Earnings • Mar 09Full year 2022 earnings: EPS and revenues exceed analyst expectationsFull year 2022 results: EPS: NT$3.07 (up from NT$2.15 in FY 2021). Revenue: NT$95.1b (up 35% from FY 2021). Net income: NT$2.38b (up 45% from FY 2021). Profit margin: 2.5% (up from 2.3% in FY 2021). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 2.1%. Earnings per share (EPS) also surpassed analyst estimates by 3.1%. Revenue is forecast to grow 4.9% p.a. on average during the next 2 years, compared to a 12% growth forecast for the Construction industry in Asia. Over the last 3 years on average, earnings per share has increased by 38% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth.
お知らせ • Dec 21CTCI Corporation Announces Retirement of Ming-Cheng Hsiao, Executive Vice PresidentCTCI Corporation announced change in the company's corporate governance officer. Name, title, and resume of the previous position holder: Ming-Cheng Hsiao, Executive Vice President. Effective date is December 20, 2022.
Board Change • Nov 16Less than half of directors are independentFollowing the recent departure of a director, there are only 4 independent directors on the board. The company's board is composed of: 4 independent directors. 8 non-independent directors. Independent Director Evon Chen was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
Reported Earnings • Nov 04Third quarter 2022 earnings: Revenues exceed analysts expectations while EPS lags behindThird quarter 2022 results: EPS: NT$0.44 (down from NT$0.64 in 3Q 2021). Revenue: NT$24.4b (up 45% from 3Q 2021). Net income: NT$346.9m (down 29% from 3Q 2021). Profit margin: 1.4% (down from 2.9% in 3Q 2021). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 3.2%. Earnings per share (EPS) missed analyst estimates by 36%. Revenue is forecast to grow 8.3% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Construction industry in Asia. Over the last 3 years on average, earnings per share has increased by 37% per year but the company’s share price has remained flat, which means it is significantly lagging earnings.
Price Target Changed • Nov 03Price target decreased to NT$54.50Down from NT$64.00, the current price target is an average from 2 analysts. New target price is 15% above last closing price of NT$47.40. Stock is up 30% over the past year. The company is forecast to post earnings per share of NT$3.29 for next year compared to NT$2.15 last year.
Reported Earnings • Aug 05Second quarter 2022 earnings: EPS and revenues miss analyst expectationsSecond quarter 2022 results: EPS: NT$0.55 (up from NT$0.42 in 2Q 2021). Revenue: NT$22.4b (up 40% from 2Q 2021). Net income: NT$434.2m (up 36% from 2Q 2021). Profit margin: 1.9% (down from 2.0% in 2Q 2021). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 1.5%. Earnings per share (EPS) also missed analyst estimates by 23%. Over the next year, revenue is forecast to grow 9.6%, compared to a 17% growth forecast for the industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 25% per year but the company’s share price has remained flat, which means it is significantly lagging earnings.
Upcoming Dividend • Jun 24Upcoming dividend of NT$2.26 per shareEligible shareholders must have bought the stock before 01 July 2022. Payment date: 29 July 2022. Payout ratio is a comfortable 67% but the company is paying out more than the cash it is generating. Trailing yield: 4.9%. Lower than top quartile of Taiwanese dividend payers (6.4%). Lower than average of industry peers (6.0%).
お知らせ • Jun 17CTCI Corporation Announces the Adjustment of Cash Dividends RatioCTCI Corporation announced the adjustment of cash dividends ratio. Type and monetary amount of original dividend distribution: cash dividend: TWD 1,776,077,870 (TWD 2.30 per share). Type and monetary amount of dividend distribution after the change: cash dividend: TWD 1,776,077,870 (TWD 2.26028082 per share). Reason for the change: The total common shares outstanding have been changed due to the exercise of employee stock option and the cancellation of restricted stock awards. The Chairman is authorized to adjust the cash to be distributed to each common share.
お知らせ • May 20CTCI Corporation Announces Board ChangesCTCI Corporation announced board changes. Name of the previous position holder: Ting-Kuo Li. Resume of the previous position holder: President of Infrastructure, Environmental & Power Business Operations of CTCI Corporation. Name of the new position holder: Ming-Shyan Lee. Resume of the new position holder: Senior Vice President of CTCI Corporation. Reason for the change: Institutional director reassigned its representative. Effective date of the new appointment is July 1, 2022.
Price Target Changed • May 09Price target increased to NT$59.75Up from NT$51.00, the current price target is an average from 2 analysts. New target price is 24% above last closing price of NT$48.25. Stock is up 23% over the past year. The company is forecast to post earnings per share of NT$3.76 for next year compared to NT$2.15 last year.
Reported Earnings • May 06First quarter 2022 earnings: EPS and revenues exceed analyst expectationsFirst quarter 2022 results: EPS: NT$1.50 (up from NT$0.31 in 1Q 2021). Revenue: NT$22.4b (up 53% from 1Q 2021). Net income: NT$1.15b (up 390% from 1Q 2021). Profit margin: 5.1% (up from 1.6% in 1Q 2021). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 6.6%. Earnings per share (EPS) also surpassed analyst estimates by 87%. Over the next year, revenue is forecast to grow 6.8%, compared to a 16% growth forecast for the industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth.
Board Change • Apr 27Less than half of directors are independentFollowing the recent departure of a director, there are only 4 independent directors on the board. The company's board is composed of: 4 independent directors. 8 non-independent directors. Independent Director Evon Chen was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
Reported Earnings • Mar 13Full year 2021 earnings: EPS and revenues exceed analyst expectationsFull year 2021 results: EPS: NT$2.15 (up from NT$1.01 in FY 2020). Revenue: NT$70.5b (up 27% from FY 2020). Net income: NT$1.64b (up 114% from FY 2020). Profit margin: 2.3% (up from 1.4% in FY 2020). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 8.6%. Earnings per share (EPS) also surpassed analyst estimates by 3.1%. Over the next year, revenue is forecast to grow 5.1%, compared to a 14% growth forecast for the industry in Taiwan. Over the last 3 years on average, earnings per share has fallen by 12% per year but the company’s share price has only fallen by 3% per year, which means it has not declined as severely as earnings.
Reported Earnings • Nov 05Third quarter 2021 earnings released: EPS NT$0.64 (vs NT$0.28 in 3Q 2020)The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: NT$16.8b (up 18% from 3Q 2020). Net income: NT$488.4m (up 130% from 3Q 2020). Profit margin: 2.9% (up from 1.5% in 3Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 24% per year but the company’s share price has only fallen by 7% per year, which means it has not declined as severely as earnings.
Upcoming Dividend • Aug 13Upcoming dividend of NT$2.00 per shareEligible shareholders must have bought the stock before 20 August 2021. Payment date: 17 September 2021. Trailing yield: 5.2%. Within top quartile of Taiwanese dividend payers (5.1%). In line with average of industry peers (4.8%).
Reported Earnings • Aug 04Second quarter 2021 earnings released: EPS NT$0.42 (vs NT$0.20 in 2Q 2020)The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: NT$16.0b (up 21% from 2Q 2020). Net income: NT$319.6m (up 108% from 2Q 2020). Profit margin: 2.0% (up from 1.2% in 2Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 30% per year but the company’s share price has only fallen by 6% per year, which means it has not declined as severely as earnings.
Major Estimate Revision • May 11Consensus forecasts updatedThe consensus outlook for 2021 has been updated. 2021 revenue forecast increased from NT$62.7b to NT$67.2b. EPS estimate fell from NT$2.28 to NT$2.02 per share. Net income forecast to grow 103% next year vs 29% growth forecast for Construction industry in Taiwan. Consensus price target broadly unchanged at NT$49.00. Share price rose 2.2% to NT$38.95 over the past week.
分析記事 • Apr 07Should You Buy CTCI Corporation (TPE:9933) For Its Dividend?Today we'll take a closer look at CTCI Corporation ( TPE:9933 ) from a dividend investor's perspective. Owning a strong...
Analyst Estimate Surprise Post Earnings • Mar 11Revenue and earnings miss expectationsRevenue missed analyst estimates by 0.9%. Earnings per share (EPS) also missed analyst estimates by 7.8%. Over the next year, revenue is forecast to grow 17%, compared to a 12% growth forecast for the Construction industry in Taiwan.
お知らせ • Mar 10+ 1 more updateCtci Corporation Announces Chief Financial Officer ChangesCTCI Corporation announced that Ming-Cheng Hsiao has been appointed as Chief Financial Officer, Effective March 9, 2021. Ming-Cheng Hsiao is the new replacement of Patrick Lin.
Reported Earnings • Mar 10Full year 2020 earnings released: EPS NT$1.01 (vs NT$1.55 in FY 2019)The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2020 results: Revenue: NT$55.6b (down 4.6% from FY 2019). Net income: NT$766.5m (down 35% from FY 2019). Profit margin: 1.4% (down from 2.0% in FY 2019). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 38% per year but the company’s share price has only fallen by 8% per year, which means it has not declined as severely as earnings.
Executive Departure • Feb 22Senior VP & CFO has left the companyOn the 19th of February, Patrick Lin's tenure as Senior VP & CFO ended after 4.1 years in the role. We don't have any record of a personal shareholding under Patrick's name. Patrick is the only executive to leave the company over the last 12 months.
お知らせ • Feb 20CTCI Corporation Announces Chief Financial Officer ChangesCTCI Corporation announced retirement of Patrick Lin as Chief Financial Officer, Effective February 19, 2021. The Vice President, Ming-Cheng Hsiao, will act for the position till the appointment of the new replacement to be resolved by the board of directors.
Is New 90 Day High Low • Jan 26New 90-day low: NT$35.10The company is down 11% from its price of NT$39.35 on 28 October 2020. The Taiwanese market is up 23% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Construction industry, which is up 1.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is NT$77.30 per share.
Is New 90 Day High Low • Jan 06New 90-day low: NT$37.65The company is down 5.0% from its price of NT$39.45 on 08 October 2020. The Taiwanese market is up 17% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Construction industry, which is up 3.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is NT$82.86 per share.
分析記事 • Dec 18Is CTCI Corporation (TPE:9933) At Risk Of Cutting Its Dividend?Today we'll take a closer look at CTCI Corporation ( TPE:9933 ) from a dividend investor's perspective. Owning a strong...
分析記事 • Nov 26We Wouldn't Rely On CTCI's (TPE:9933) Statutory Earnings As A GuideStatistically speaking, it is less risky to invest in profitable companies than in unprofitable ones. That said, the...
Is New 90 Day High Low • Nov 18New 90-day high: NT$40.00The company is up 14% from its price of NT$35.00 on 20 August 2020. The Taiwanese market is up 6.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Construction industry, which is up 7.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is NT$72.79 per share.
Major Estimate Revision • Nov 12Analysts update estimatesThe 2020 consensus earning per share (EPS) estimate was lowered from NT$1.67 to NT$1.09. Revenue estimate was approximately flat at NT$56.5b. Net income is expected to grow by 29% next year compared to 14% growth forecast for the Construction industry in Taiwan. The consensus price target of NT$47.23 was unchanged from the last update. Share price is up 1.6% to NT$39.30 over the past week.
Analyst Estimate Surprise Post Earnings • Nov 05Revenue and earnings miss expectationsRevenue missed analyst estimates by 2.1%. Earnings per share (EPS) also missed analyst estimates by 50%. Over the next year, revenue is forecast to grow 12%, compared to a 11% growth forecast for the Construction industry in Taiwan.
Reported Earnings • Nov 05Third quarter 2020 earnings released: EPS NT$0.28The company reported a decent third quarter result with improved earnings and profit margins, although revenues were weaker. Third quarter 2020 results: Revenue: NT$14.2b (down 11% from 3Q 2019). Net income: NT$212.8m (up NT$177.8m from 3Q 2019). Profit margin: 1.5% (up from 0.2% in 3Q 2019). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 36% per year but the company’s share price has only fallen by 5% per year, which means it has not declined as severely as earnings.
