CTCI Corp
CTCI Corporation engages, an engineering, procurement, and construction (EPC) services provider in Taiwan, the United States, and internationally. It operates through Engineering Services, Environmental Resources Service, General Sales Department, and Other operating segments. The company offers services, such as project management; feasibility study and front-end engineering design; engineering;… Read more
CTCI Corp (9933) - Net Assets
Latest net assets as of December 2025: NT$25.59 Billion TWD
Based on the latest financial reports, CTCI Corp (9933) has net assets worth NT$25.59 Billion TWD as of December 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (NT$140.06 Billion) and total liabilities (NT$114.47 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | NT$25.59 Billion |
| % of Total Assets | 18.27% |
| Annual Growth Rate | 5.46% |
| 5-Year Change | 24.47% |
| 10-Year Change | 26.76% |
| Growth Volatility | 4.97 |
CTCI Corp - Net Assets Trend (2000–2025)
This chart illustrates how CTCI Corp's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for CTCI Corp (2000–2025)
The table below shows the annual net assets of CTCI Corp from 2000 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | NT$25.59 Billion | +3.74% |
| 2024-12-31 | NT$24.67 Billion | +8.29% |
| 2023-12-31 | NT$22.78 Billion | +4.34% |
| 2022-12-31 | NT$21.83 Billion | +6.18% |
| 2021-12-31 | NT$20.56 Billion | +8.02% |
| 2020-12-31 | NT$19.03 Billion | -1.62% |
| 2019-12-31 | NT$19.35 Billion | -6.20% |
| 2018-12-31 | NT$20.63 Billion | -1.97% |
| 2017-12-31 | NT$21.04 Billion | +4.21% |
| 2016-12-31 | NT$20.19 Billion | +2.34% |
| 2015-12-31 | NT$19.73 Billion | +0.13% |
| 2014-12-31 | NT$19.70 Billion | +4.00% |
| 2013-12-31 | NT$18.95 Billion | +10.30% |
| 2012-12-31 | NT$17.18 Billion | +8.73% |
| 2011-12-31 | NT$15.80 Billion | +11.25% |
| 2010-12-31 | NT$14.20 Billion | +16.46% |
| 2009-12-31 | NT$12.19 Billion | +12.89% |
| 2008-12-31 | NT$10.80 Billion | +7.40% |
| 2007-12-31 | NT$10.06 Billion | +8.46% |
| 2006-12-31 | NT$9.27 Billion | +8.17% |
| 2005-12-31 | NT$8.57 Billion | +7.63% |
| 2004-12-31 | NT$7.96 Billion | +5.12% |
| 2003-12-31 | NT$7.58 Billion | +4.06% |
| 2002-12-31 | NT$7.28 Billion | -0.63% |
| 2001-12-31 | NT$7.33 Billion | +8.06% |
| 2000-12-31 | NT$6.78 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to CTCI Corp's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 133.9% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | NT$2.60 Billion | 12.83% |
| Common Stock | NT$8.95 Billion | 44.12% |
| Other Comprehensive Income | NT$4.07 Billion | 20.07% |
| Other Components | NT$4.66 Billion | 22.98% |
| Total Equity | NT$20.27 Billion | 100.00% |
CTCI Corp Competitors by Market Cap
The table below lists competitors of CTCI Corp ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Emcure Pharmaceuticals Ltd
NSE:EMCURE
|
$644.55 Million |
|
LD + HOUSES PCL FGN BA 1
F:LHOG
|
$644.59 Million |
|
Lontium Semiconductor Corp. A
SHG:688486
|
$644.60 Million |
|
Daily Journal Corp
NASDAQ:DJCO
|
$644.90 Million |
|
Tobii Dynavox AB (publ)
PINK:TDVXF
|
$644.46 Million |
|
MUSASHI SEIMITSU IND.
F:67X
|
$644.43 Million |
|
Brightspire Capital Inc
NYSE:BRSP
|
$644.20 Million |
|
Jiangsu Alcha Aluminium Co Ltd
SHE:002160
|
$644.16 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in CTCI Corp's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 19,646,302,000 to 20,274,025,000, a change of 627,723,000 (3.2%).
- Net income of 1,691,361,000 contributed positively to equity growth.
- Dividend payments of 1,681,734,000 reduced retained earnings.
- Other comprehensive income increased equity by 5,716,190,000.
- Other factors decreased equity by 5,098,094,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$1.69 Billion | +8.34% |
| Dividends Paid | NT$1.68 Billion | -8.3% |
| Other Comprehensive Income | NT$5.72 Billion | +28.19% |
| Other Changes | NT$-5.10 Billion | -25.15% |
| Total Change | NT$- | 3.20% |
Book Value vs Market Value Analysis
This analysis compares CTCI Corp's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 1.71x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 2.39x to 1.71x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2006-12-31 | NT$14.16 | NT$33.90 | x |
| 2007-12-31 | NT$12.87 | NT$33.90 | x |
| 2008-12-31 | NT$13.13 | NT$33.90 | x |
| 2009-12-31 | NT$14.57 | NT$33.90 | x |
| 2010-12-31 | NT$16.35 | NT$33.90 | x |
| 2011-12-31 | NT$17.70 | NT$33.90 | x |
| 2012-12-31 | NT$18.60 | NT$33.90 | x |
| 2013-12-31 | NT$19.83 | NT$33.90 | x |
| 2014-12-31 | NT$20.55 | NT$33.90 | x |
| 2015-12-31 | NT$20.30 | NT$33.90 | x |
| 2016-12-31 | NT$20.37 | NT$33.90 | x |
| 2017-12-31 | NT$21.36 | NT$33.90 | x |
| 2018-12-31 | NT$20.79 | NT$33.90 | x |
| 2019-12-31 | NT$19.25 | NT$33.90 | x |
| 2020-12-31 | NT$18.86 | NT$33.90 | x |
| 2021-12-31 | NT$19.73 | NT$33.90 | x |
| 2022-12-31 | NT$20.15 | NT$33.90 | x |
| 2023-12-31 | NT$20.40 | NT$33.90 | x |
| 2024-12-31 | NT$21.98 | NT$33.90 | x |
| 2025-12-31 | NT$19.79 | NT$33.90 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently CTCI Corp utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 8.34%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 1.84%
- • Asset Turnover: 0.66x
- • Equity Multiplier: 6.91x
- Recent ROE (8.34%) is below the historical average (12.25%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2000 | 14.35% | 8.24% | 0.91x | 1.92x | NT$295.11 Million |
| 2001 | 10.43% | 6.28% | 0.89x | 1.87x | NT$31.18 Million |
| 2002 | 10.02% | 5.33% | 0.97x | 1.93x | NT$1.58 Million |
| 2003 | 10.49% | 5.34% | 0.76x | 2.57x | NT$36.89 Million |
| 2004 | 8.09% | 3.23% | 0.86x | 2.90x | NT$-151.62 Million |
| 2005 | 9.34% | 2.46% | 1.19x | 3.18x | NT$-54.56 Million |
| 2006 | 11.31% | 2.97% | 1.01x | 3.77x | NT$115.59 Million |
| 2007 | 13.76% | 2.97% | 1.07x | 4.34x | NT$357.21 Million |
| 2008 | 16.25% | 3.08% | 1.25x | 4.23x | NT$619.91 Million |
| 2009 | 15.07% | 3.59% | 1.08x | 3.88x | NT$569.40 Million |
| 2010 | 15.23% | 3.78% | 1.05x | 3.83x | NT$673.14 Million |
| 2011 | 15.98% | 4.02% | 1.09x | 3.66x | NT$846.51 Million |
| 2012 | 15.64% | 3.94% | 1.16x | 3.41x | NT$863.18 Million |
| 2013 | 9.97% | 3.14% | 1.07x | 2.96x | NT$-5.48 Million |
| 2014 | 10.98% | 3.26% | 1.02x | 3.32x | NT$168.35 Million |
| 2015 | 11.99% | 3.04% | 1.11x | 3.54x | NT$338.67 Million |
| 2016 | 13.00% | 3.15% | 1.06x | 3.87x | NT$513.05 Million |
| 2017 | 15.63% | 3.92% | 1.02x | 3.90x | NT$1.01 Billion |
| 2018 | 10.47% | 2.85% | 0.84x | 4.38x | NT$81.66 Million |
| 2019 | 10.36% | 2.88% | 0.84x | 4.30x | NT$58.68 Million |
| 2020 | 8.25% | 2.35% | 0.78x | 4.47x | NT$-277.61 Million |
| 2021 | 14.49% | 3.41% | 0.81x | 5.27x | NT$744.96 Million |
| 2022 | 18.76% | 3.44% | 1.02x | 5.37x | NT$1.53 Billion |
| 2023 | 10.49% | 1.83% | 0.94x | 6.14x | NT$88.69 Million |
| 2024 | 9.89% | 1.62% | 0.96x | 6.35x | NT$-22.25 Million |
| 2025 | 8.34% | 1.84% | 0.66x | 6.91x | NT$-336.04 Million |
Industry Comparison
This section compares CTCI Corp's net assets metrics with peer companies in the Engineering & Construction industry.
Industry Context
- Industry: Engineering & Construction
- Average net assets among peers: $5,170,391,600
- Average return on equity (ROE) among peers: 6.07%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| CTCI Corp (9933) | NT$25.59 Billion | 14.35% | 4.47x | $644.47 Million |
| Tri Ocean Textile Co Ltd (1472) | $333.36 Million | -10.62% | 2.04x | $47.78 Million |
| Ju-Kao Engineering Co., Ltd. (1594) | $297.75 Million | -0.44% | 0.99x | $1.54 Million |
| United Integrated Services Co Ltd (2404) | $6.61 Billion | 18.38% | 1.52x | $4.54 Billion |
| Long Bon International Co Ltd (2514) | $8.15 Billion | 2.95% | 0.61x | $63.02 Million |
| BES Engineering Co (2515) | $19.46 Billion | 1.31% | 1.00x | $632.27 Million |
| New Asia Construction & Development Corp (2516) | $2.41 Billion | 2.77% | 2.80x | $83.75 Million |
| Delpha Construction Co Ltd (2530) | $3.35 Billion | 17.30% | 0.87x | $263.82 Million |
| Da-Cin Construction Co Ltd (2535) | $7.35 Billion | 8.58% | 1.32x | $428.26 Million |
| Hwang Chang General Contractor Co Ltd (2543) | $1.87 Billion | 14.12% | 1.47x | $514.98 Million |
| Kedge Construction Co Ltd (2546) | $1.88 Billion | 6.30% | 1.33x | $163.03 Million |