CTCI Corporation (9933) Fair Value & Analysis
Industrials · TW · Market cap 37.9B TWD
Fair value as of: Jul 23, 2026
From 26 valuation models · updated 17 days ago
Share price −7.1% over the past month.
Below-average quality, and screening another 15% overvalued on our models.
What matters now
- Weak quality (39/100) and above fair value at the same time, the margin of safety is missing on both counts.
- Our model range runs from 24.01 TWD (bear) to 40.02 TWD (bull), base 32.01 TWD. The closer the price sits to the lower half, the larger the margin of safety.
- Quality 39/100 (below-average quality) with medium evidence: read the verdict with care.
Price vs Fair Value (5 years)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 23, 2026.
How to read this chart
60‑month range 25.20 TWD – 54.60 TWD · fair‑value band 24.01 TWD – 40.02 TWD · the 37.75 TWD price screens above the 32.01 TWD fair value. Dashed = 300-day average. As of Jul 23, 2026.
Analysis
CTCI Corporation (9933) currently trades at 37.75 TWD, while our model-based Fair Value estimate is 32.01 TWD, implying the stock looks roughly 15.2% overvalued today. The Quality Score stands at 39/100 (below-average quality), in the Industrials sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: medium).
Over the trailing twelve months, CTCI Corporation generated revenue of 86.8B TWD at a net margin of 4.4%. Revenue declined 22.8% year over year. It earns a return on equity of 20.5%. Net debt stands at 4.0B TWD. Fundamentals as of Jul 23, 2026
Our scenario range runs from 24.01 TWD (bear case) to 40.02 TWD (bull case); at 37.75 TWD, the current price sits within that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 13% below its 52-week high and 50% above its 52-week low, currently above its 200-day average. For context, the median of 10 Industrials peers we cover trades at -45% fair-value upside, at -15%, 9933 screens cheaper than that median.
Fair Value models
Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.
All 26 models by family
Widest divergence: DCF Models (103.14 TWD) versus Earnings-Based (12.64 TWD). Highest evidence: Growth DCF (80).
Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Jul 23, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 39 · Market factors (momentum, volatility) 68
Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.
About the company
CTCI Corporation provides engineering, procurement, and construction services in Taiwan, rest of Asia, and the United States.
Full company description
CTCI Corporation provides engineering, procurement, and construction services in Taiwan, rest of Asia, and the United States. The company offers project management; feasibility study and front-end engineering design; engineering; procurement; fabrication; construction; commissioning; automation and control; cleanroom, mechanical, electrical, and plumbing; intelligent structure jacking and movement; ground freezing; and operations and maintenance services, as well as intelligent solutions. It also provides stationary equipment, chemical additives, and energy management software. The company serves refinery, petrochemical, power, environmental, transportation, industrial, technology facility, and LNG receiving terminal markets. The company was incorporated in 1979 and is based in Taipei, Taiwan.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
CTCI Corporation reported revenue of 91.8B TWD in FY2025 versus 70.5B TWD in FY2021, a compound +6.8%/yr. Reported net income was 1.7B TWD in FY2025, compounding −8.4%/yr from FY2021.
9933 screens 15% overvalued. Compare with Larsen & Toubro Limited →
Peer Group
Engineering & Construction · 837 stocks
How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.
Valuation Multiples vs Engineering & Construction median · lower = cheaper
Snowflake
Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.
Similar stocks
10 more Engineering & Construction stocks, each showing price versus our Fair Value estimate (as of Jul 23, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| Larsen & Toubro Limited LT | ₹3,815 | ₹1,994 | -48% |
| Samsung C&T Corporation 028260 | 346,000 KRW | 268,779 KRW | -22% |
| Hyundai Engineering & Construction Co 000720 | 99,000 KRW | 63,993 KRW | -35% |
| United Integrated Services Co 2404 | 1,250 TWD | 925.62 TWD | -26% |
| Samsung E&A Co 028050 | 42,550 KRW | 44,840 KRW | +5% |
| Rail Vikas Nigam Limited RVNL | ₹232.67 | ₹61.46 | -74% |
| Daewoo Engineering & Construction Co 047040 | 16,240 KRW | 6,507 KRW | -60% |
| NBCC (India) Limited NBCC | ₹96.32 | ₹48.22 | -50% |
| Cemindia Projects Limited CEMPRO | ₹1,330 | ₹730.69 | -45% |
| KEPCO Engineering & Construction Company 052690 | 92,700 KRW | 20,172 KRW | -78% |
Compare CTCI Corporation with another stock
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Frequently asked questions
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How we calculate Fair Value
Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.
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