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CTCI Corporation (9933.TW)

TWD40.70 +0.60 (+1.50%)
TW TAI Industrials Engineering & Construction
Address 89, Zhongshan North Road 11155
Taipei, TW
CEO Ming-Shyan Lee
Website ctci.com
IPO 2000-01-04
ISIN TW0009933002

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Description

CTCI Corporation is a leading provider of extensive engineering, procurement, and construction (EPC) services, operating across Taiwan, various parts of Asia, and the United States. The company structures its operations through distinct segments, including Construction Engineering, Environmental Resource, Sales, and other specialized departments. Its comprehensive service portfolio spans the entire project lifecycle, from initial project management, feasibility studies, and front-end engineering design (FEED) through detailed engineering, global procurement, fabrication, and construction, culminating in commissioning. CTCI also offers specialized expertise in intelligent solutions, automation and control systems, sophisticated clean room and mechanical, electrical, and plumbing (MEP) engineering, as well as advanced techniques like intelligent structure jacking, movement, and ground freezing, alongside ongoing operations and maintenance (O&M) support. Beyond core EPC, CTCI manufactures and supplies critical static equipment such as pressure vessels, pre-fabricated piping components, heat exchangers, and other pre-assembled package equipment parts. They further provide engineering support, covering basic design, equipment sizing, and detailed engineering and shop drawings, while also conducting equipment inspection, revamping, plant shutdown inspections, and general plant maintenance. The company diversifies its offerings with specialized chemical additives for various industrial applications. For petrochemical plants, these include antifouling, anti-polymerization agents, and corrosion inhibitors; for refinery plants, antifoam, antifouling, emulsion-breaking additives, and corrosion inhibitors; and for incineration plants, heavy metal chelate agents, stabilizers, boiler water treatment additives, and active carbon products. Additionally, CTCI provides an intelligent energy management system, an integrated software solution designed to monitor, analyze, adjust, and optimize energy consumption. Serving a broad spectrum of industries, CTCI caters to clients in hydrocarbon processing, power generation, environmental management, transportation infrastructure, and general industrial sectors. Established in 1979, CTCI Corporation is headquartered in Taipei, Taiwan.

Market Cap & Enterprise Value
Merger & Acquisition History

No mergers or acquisitions recorded for this company.

Technical Outlook
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Signal Summary Loading…
Indicator 1D1W2W3W1M
Each column is computed on that timeframe's candles (1D = daily, 1W ≈ weekly, 1M ≈ monthly), not on the same last day. ▲ bullish · ▼ bearish · — neutral. The Net row counts signals per column; hover any cell (or the indicator name) to see the exact rule behind it.
Day Score & sub-scores
Statistical fingerprint & regime detail
Conditional historical analysis
Customize analysis (advanced)
Indicative levels generated algorithmically. Not financial advice.
Risk Profile
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Price Chart
Averages
Trend
Price
Levels
Draw
TWD40.70 +0.60 (+1.50%)
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Volume Profile
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Liquidity & share structure
Average Volume
6M
Beta
-0.12
Float Shares
608.71M
Free Float %
67.7%
Price Performance
1D5D1M3M6M YTD1Y3Y5Y10YMax
+1.60% +0.79% +10.25% +23.62% +22.24% +23.62% +44.70% +3.02% +14.82% -7.84% +235.68%
Rolling Volatility
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Drawdown
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Relative Strength
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Monthly Returns Heatmap
From To
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Annual Monthly Returns
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Daily Returns Distribution
vs.
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Revenue flow

Revenue by geography

Revenue by segment

From To

Revenue composition

From To

By product

By geography

Financial Statements

Income Statement

Balance Sheet

Cash Flow Statement

Key Metrics

Financial Ratios

Employees

Financial Growth (CAGR)

Market Data

Price Targets & DCF
Current price
40.70
DCF (Unlevered) 59.72 +46.7%
DCF (Levered) 123.00 +202.2%

DCF figures are point estimates: small changes in growth or discount-rate assumptions move them materially. Read them as a reference, not a precise target.

Ratings Trend (MoM) 0% Bullish
Rating 2026-05 Change
Strong Buy 0 0
Buy 0 0
Hold 1 0
Sell 0 0
Strong Sell 0 0
Quality scores
Altman Z-Score
1.01
Distress
Piotroski F-Score
5 / 9
Average
MOAT Score
2 / 10
No MOAT
Composite Rating
B-
Overall Score
3 / 5
Medium
DCF Score
1 / 5
Low
ROE Score
3 / 5
Medium
ROA Score
3 / 5
Medium
D/E Score
1 / 5
Low
P/E Score
3 / 5
Medium
P/Book Score
4 / 5
High
Operational MOAT
✗ Below peers
  • Revenue growth Engineering & Construction: +6.7%
    -23.4% Q1'26: -22.8% (vs Q1'25)
  • EPS growth Engineering & Construction: +20.8%
    -20.7% Q1'26: +163.0% (vs Q1'25)
  • FCF margin FCF growth · Engineering & Construction: +51.6%
    +8.6% Q1'26: +89.4% (vs Q1'25)
  • EBIT margin Engineering & Construction: +7.0%
    +4.4% Q1'26: +9.7% (vs Q1'25)
  • ROIC Engineering & Construction: +6.4%
    +12.9% Q1'26: +84.3% (vs Q1'25)
  • Share dilution Engineering & Construction: +0.0%
    +14.6% Q1'26: +16.6% (vs Q1'25)
  • Debt / EBITDA Net debt/EBITDA · Engineering & Construction: -0.38×
    7.56× Q1'26: 4.22× (vs Q1'25)
Valuation Multiples From To
Price Forecast (3Y) From To
Model
Adjust
P/E
Theoretical Return — If Invested Today

* These projections are based on analyst consensus estimates and user-defined valuation multiples. This table is for informational purposes only and does not constitute a recommendation to buy or sell any security. Past performance is not indicative of future results.

DCF Interactive Model (UFCF)
Projection years:
Market assumptions
WACC components (optional)
Ke (Cost of Equity) = Rf + β (-0.17) × ERP
WACC = 49% × Ke + 51% × Kd (4.1%) × (1−t)

Modifying these values recalculates WACC automatically.

Business assumptions
Intrinsic value (base): 59.72 Current price: 40.70
Enterprise Value: Equity Value: Terminal Value: TV as % of EV:

Base values reflect the latest available data for this company and market conditions.

Consensus Estimates
Metric Dec 2015
actual
Dec 2016
actual
Dec 2017
actual
Dec 2018
actual
Dec 2019
actual
Dec 2020
actual
Dec 2021
actual
Dec 2022
actual
Dec 2023
actual
Dec 2024
actual
Dec 2025
actual
Dec 2026
1 Rev. Ana.
1 EPS Ana.
Dec 2027
1 Rev. Ana.
Dec 2028
1 Rev. Ana.
Revenue
67.06B
est: 66.35B (+1.1%)
70.51B
est: 71.55B (-1.5%)
71.61B
est: 70.64B (+1.4%)
64.07B
est: 65.51B (-2.2%)
58.21B
est: 59.43B (-2.1%)
55.56B
est: 55.56B (+0.0%)
70.54B
est: 70.54B (+0.0%)
95.10B
est: 95.10B (0.0%)
103.53B
est: 117.94B (-12.2%)
119.92B
est: 119.36B (+0.5%)
91.85B
est: 87.16B (+5.4%)
91.56B
91.56B – 91.56B
+5.1% YoY
110.94B
110.94B – 110.94B
+21.2% YoY
113.50B
113.50B – 113.50B
+2.3% YoY
EBITDA
3.48B
est: 3.62B (-3.6%)
4.53B
est: 3.90B (+16.1%)
3.54B
est: 3.85B (-8.1%)
3.82B
est: 3.57B (+7.1%)
3.91B
est: 3.24B (+20.7%)
3.08B
est: 3.03B (+1.8%)
4.23B
est: 3.84B (+10.1%)
5.20B
est: 5.18B (+0.3%)
5.04B
est: 6.48B (-22.2%)
6.43B
est: 6.56B (-2.0%)
5.31B
est: 4.79B (+10.9%)
5.03B
5.03B – 5.03B
+5.1% YoY
6.10B
6.10B – 6.10B
+21.2% YoY
6.24B
6.24B – 6.24B
+2.3% YoY
EBIT
3.41B
est: 2.69B (+26.6%)
4.01B
est: 2.91B (+38.1%)
4.10B
est: 2.87B (+42.8%)
3.26B
est: 2.66B (+22.4%)
2.17B
est: 2.41B (-10.2%)
2.06B
est: 2.26B (-8.8%)
2.18B
est: 2.86B (-24.1%)
4.04B
est: 3.86B (+4.6%)
3.82B
est: 4.96B (-22.8%)
5.13B
est: 5.02B (+2.4%)
4.05B
est: 3.66B (+10.6%)
3.85B
3.85B – 3.85B
+5.1% YoY
4.66B
4.66B – 4.66B
+21.2% YoY
4.77B
4.77B – 4.77B
+2.3% YoY
Net Income
2.04B
est: 2.40B (-15.0%)
2.22B
est: 2.61B (-14.8%)
2.81B
est: 3.04B (-7.7%)
1.83B
est: 2.12B (-14.0%)
1.67B
est: 1.13B (+47.5%)
1.31B
est: 1.05B (+23.7%)
2.40B
est: 1.70B (+41.7%)
3.27B
est: 2.47B (+32.4%)
1.89B
est: 2.72B (-30.5%)
1.94B
est: 2.46B (-20.9%)
1.69B
est: 573.67M (+194.8%)
3.65B
3.65B – 3.65B
+535.7% YoY
— – —
-100.0% YoY
— – —
SGA
2.33B
est: 1.33B (+74.7%)
1.91B
est: 1.44B (+32.7%)
1.97B
est: 1.42B (+38.5%)
1.74B
est: 1.32B (+32.1%)
1.69B
est: 1.19B (+41.8%)
1.47B
est: 1.12B (+31.9%)
1.70B
est: 1.42B (+20.1%)
1.70B
est: 1.91B (-11.1%)
1.67B
est: 3.07B (-45.8%)
1.90B
est: 3.11B (-38.8%)
5.18B
est: 2.27B (+127.9%)
2.39B
2.39B – 2.39B
+5.1% YoY
2.89B
2.89B – 2.89B
+21.2% YoY
2.96B
2.96B – 2.96B
+2.3% YoY
EPS
2.45
est: 2.68 (-8.9%)
2.65
est: 2.92 (-9.1%)
3.35
est: 3.40 (-1.6%)
2.18
est: 2.38 (-8.3%)
1.40
est: 1.27 (+10.6%)
0.91
est: 1.18 (-22.5%)
1.96
est: 1.90 (+3.2%)
2.79
est: 2.76 (+0.8%)
2.17
est: 2.66 (-18.2%)
2.21
est: 2.40 (-7.8%)
1.91
est: 0.56 (+241.1%)
3.56
3.56 – 3.56
+535.7% YoY
— – —
-100.0% YoY
— – —
Historical Ratings (3M)
Date Rating Overall DCF ROE ROA D/E P/E P/B
2026-05-12 B- 3/5 1/5 3/5 3/5 1/5 3/5 4/5
2026-05-11 B- 3/5 1/5 3/5 3/5 1/5 3/5 4/5
2026-05-08 B- 3/5 1/5 3/5 3/5 1/5 3/5 4/5
2026-05-07 B- 3/5 1/5 3/5 3/5 1/5 3/5 4/5
2026-05-06 B- 3/5 1/5 3/5 3/5 1/5 3/5 4/5
2026-05-05 B- 3/5 1/5 3/5 3/5 1/5 3/5 4/5
2026-05-04 B- 3/5 1/5 3/5 3/5 1/5 3/5 4/5
2026-04-30 B- 3/5 1/5 3/5 3/5 1/5 3/5 4/5
2026-04-29 B 3/5 1/5 3/5 4/5 1/5 3/5 4/5
2026-04-28 B 3/5 1/5 3/5 4/5 1/5 3/5 4/5
2026-04-27 B 3/5 1/5 3/5 4/5 1/5 3/5 4/5
2026-04-24 B 3/5 1/5 3/5 4/5 1/5 3/5 4/5
2026-04-23 B- 3/5 1/5 3/5 4/5 1/5 3/5 3/5
2026-04-22 B- 3/5 1/5 3/5 4/5 1/5 3/5 3/5
2026-04-21 B- 3/5 1/5 3/5 4/5 1/5 3/5 3/5
2026-04-20 B- 3/5 1/5 3/5 4/5 1/5 3/5 3/5
2026-04-17 B- 3/5 1/5 3/5 4/5 1/5 3/5 3/5
2026-04-16 B- 3/5 1/5 3/5 4/5 1/5 3/5 3/5

Owner Earnings

Owner's Earnings (history) From To
Owner alignment
Owner's Earnings TTM
530.39M
OE per share TTM
0.08
Owner's Yield
1.61%
Maintenance CapEx ratio
75.47%
Maint CapEx / Avg PPE
18.1%

Ownership Overview

Ownership breakdown

Ownership breakdown not available.

At a glance
Institutional holders
Total invested
Insider transactions (90d)
0
Beneficial owners (>5%)
0
Beneficial owners (>5%)

No beneficial ownership filings recorded.

Institutional Activity (13F)

Institutional ownership trend

Institutional history not available.

Top institutional holders

Top holders not available.

ETF Ownership

Top ETFs holding this stock Held by 58 ETFs in our universe

Insider Activity

Insider Activity — Latest Quarter

No insider activity available.

Insider buys vs sells (history)

Insider history not available.

Recent insider transactions

No recent insider transactions.

Executive team

Top executives
EBIT / Employee
1.47M
Shares Outstanding
899.03M

Executive compensation

Executive compensation (annual)

Executive compensation not available.

CEO compensation breakdown

No CEO compensation history available.

Proxy statements

Proxy statements (DEF 14A)

No proxy statements available for this company yet.

Recent SEC filings

Recent SEC filings

No SEC filings available for this company yet.

Executive team

NameTitleCompensationGender
Gino Tsai Vice President & Chief Information Officer male
James Wang Vice President and Head of Marketing & Sales Division
Melissa Liu Financial Officer female
Min-Li Lee Senior Vice President & Head of EPC Operations male
Ming-Shyan Lee President & Chief Information Security Officer male
Paul Wu Vice President & Head of Engineering Division male
Shih-Wei Chung Senior Vice President & Head of Hydrocarbon Business Operations male
Shin-Hwei Lin Vice President & Accounting Officer
Shu-Chu Hung Chief Auditor
Yin-Fan Liu Vice President, Chief Legal Officer & Chief Corporate Governance Officer male
Yixian Li Manager
ESG Score History

No data available for this company.

Senate Trading Activity

No Senate trading activity found for this company.

House Trading Activity

No House trading activity found for this company.

Market share among peers
Peer comparison — filtered group (TTM)
Your opinion

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Dividend yield history

Dividend history

Earnings history

Earnings reports

Stock splits