CTCI Corporation
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CTCI Corporation Financial Snapshot
Operating Performance
Fast Facts
The company reported revenues of US$1,644.31
Headquarters Address 22nd Floor, No. 77,, Taipei, ,Taiwan
million during 2010, with a CAGR of 12.35% during
2006–2010. Its revenue grew at an annual rate of
Telephone + 886 2 27009659
15.45% over the previous fiscal year. In 2010, the
company recorded an operating margin of 4.60%, as
Fax + 886 2 27099303 against 4.22% in 2009.
Website www.ctci.com.tw
Revenue and Margins
Ticker Symbol, Stock Exchange 9933, Taiwan Stock Exchange
Number of Employees 7,400
Fiscal Year End June
Revenue (in US$ million) 1,644.31
Revenue (in TWD million) 51,877.94
SWOT Analysis Return on Equity
Strengths Weaknesses The company recorded a return on equity (ROE) of
15.23% for 2010, as compared to its peers, Kung
Efficient Use of Resources Declining Market Share in Sector Sing Engineering Corporation (Ticker: 5521), BES
Engineering Corporation (Ticker: 2515) and
Evergreen Construction Corporation (Ticker: 5506),
Improving Profitability Limited International Presence which recorded ROEs of 5.50%, 4.24% and 0.93%
respectively. The company reported an operating
Strong Order Backlog Limited Liquidity Position margin of 4.60% in 2010.
Opportunities Threats Return on Equity
Global Infrastructure Spending Competition from Foreign Contractors
Investments in China’s Petrochemical
Regulations
Market
Renewable Energy Sector Restrictive Lending Policies
Rising Labor Costs
Liquidity Position
The company reported a current ratio of 1.30 in 2010,
as compared to its peers, Kung Sing Engineering
Corporation, BES Engineering Corporation and
Evergreen Construction Corporation, which recorded
current ratios of 1.85, 1.95 and 1.49 respectively. As
of June 2010, the company recorded cash and short-
term investments of worth US$593.19 million, against
US$13.93 million current debt. The company reported
a debt to equity ratio of 0.50 in 2010 as compared to
its peers, Kung Sing Engineering Corporation, BES
Engineering Corporation and Evergreen Construction
Corporation, which recorded debt to equity ratios of
0.26, 0.29 and 1.27 respectively.
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CTCI Corporation - SWOT Profile Page 1
CTCI Corporation
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TABLE OF CONTENTS
1 Business Analysis ................................................................................................................................... 5
1.1 Company Overview ................................................................................................................................................5
1.2 Business Description ..............................................................................................................................................5
1.3 Major Products and Services .................................................................................................................................6
2 Analysis of Key Performance Indicators ............................................................................................... 7
2.1 Five Year Snapshot: Overview of Financial and Operational Performance Indicators ..........................................7
2.2 Key Financial Performance Indicators .................................................................................................................10
2.2.1 Revenue and Operating Profit .........................................................................................................................10
2.2.2 Asset, Liabilities and Capex .............................................................................................................................11
2.2.3 Operational Efficiency ......................................................................................................................................12
2.2.4 Solvency ..........................................................................................................................................................13
2.2.5 Valuation ..........................................................................................................................................................14
2.3 Competitive Benchmarking ..................................................................................................................................15
2.3.1 Market Capitalization .......................................................................................................................................16
2.3.2 Efficiency ..........................................................................................................................................................17
2.3.3 Capital Expenditure ..........................................................................................................................................18
2.3.4 Valuation ..........................................................................................................................................................19
2.3.5 Turnover – Inventory and Asset .......................................................................................................................20
2.3.6 Liquidity ............................................................................................................................................................21
3 Recent Developments ........................................................................................................................... 22
4 SWOT Analysis ...................................................................................................................................... 23
4.1 SWOT Analysis - Overview ................................................................................................