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2546.TW$86.40-1.03%
Fair $86.40+0.0%

2546.TW

Kedge Construction Co., Ltd.

Industrials / Engineering & ConstructionTaiwan

$86.40

-0.90 (-1.03%)

Fairly Valued+0.0%Fair Value $86.40Fund rank 33/100 · Data gapFallback financials|
SA 52/C
F-Score: 5/9
Margin Compression

FCF base 3Y

n/d

n/d CAGR · yield n/d

FCF base 5Y

n/d

n/d base · n/d expected

Precio de entrada

n/d

MOS 32% · confianza 25%

FCF escenarios

weak_data · normalized FCF $1.2B · quality 66.3/100

Data gap 33/100
Bear 5Yn/dn/d
Base 5Yn/dn/d
Bull 5Yn/dn/d
Return 0/100Downside 20/100Model quality 48/100Data QA 20/100

Ranking barato/determinista: CAGR esperado 5Y + downside bear + calidad del modelo + balance + capital allocation + data gate. No entra en buy-candidate si la data es débil o el CAGR 5Y no compensa.

Quality + valuation scorecard

SA Score

52/100

C

Piotroski

5/9

balance/quality

Valuation

50/100

+0.0% upside

5Y CAGR

+0.0%

50/100

Data QA

16/100

SEC 0%

Latest source: unknownPeriods: 4Warnings: 1unknown: 4
No SEC-backed annual rows; valuation uses fallback financial data. Insufficient audited annual history (<3 SEC-backed years); composite fair value and forward targets are disabled until manually verified. Operating margin has declined for 3 consecutive years
Thesis & Journal · 2546.TWLocal privado en este navegador · Kedge Construction Co., Ltd.
Plantilla tipo buy-side: tesis, bull/base/bear, catalizadores, riesgos, kill criteria y fecha de revisión. Esto no gasta GPT-5.5; luego lo usamos como contexto del memo.

Sin guardar todavía.

Market Cap

$11.3B

P/E

9.2x

↓

EV/EBITDA

3.5x

↓

ROE

20.6%

↑

Gross Margin

8.5%

↓

Debt/Equity

0.09

↓
52-Week Range$86
$73$96

TradingView lightweight chart

2546.TW price, volumen y niveles de valoración

Último $86.40Periodo +1257.8%
Fair value: $86.40

Price & Ratios

Absolute Values (Left Axis)

Ratios / Percentages (Right Axis)

Financial statement dashboard

Crecimiento, márgenes y provenance

2022–2025 · 3 años de histórico normalizado

Revenue CAGR

+14.8%

FCF CAGR

+29.4%

FCF margin

9.1%

FCF / Net income

1.58x

Latest source

Provider fallback

Margin decomposition

Último año: revenue $21.49B · net income $1.24B · FCF $1.97B

2022-FY → 2025-FY

Gross margin

8.5%-2.7% pts

Operating margin

6.7%-2.4% pts

Net margin

5.8%-1.6% pts

FCF margin

9.1%+2.8% pts
MetricTTM
2025
2024
2023
2022
Income Statement
Revenue$21.49B$21.49B$14.23B$14.29B$14.20B
Net Income$1.24B$1.24B$874.4M$990.3M$1.05B
EBITDA$1.63B$1.63B$1.15B$1.30B$1.35B
EPS——6.647.517.92
Gross Margin8.5%8.5%9.3%10.5%11.3%
Operating Margin6.7%6.7%6.8%8.2%9.0%
Net Margin5.8%5.8%6.1%6.9%7.4%
Balance Sheet
Debt/Equity0.090.090.080.080.20
Current Ratio1.581.58———
Cash Flow
Free Cash Flow$1.97B$1.97B$-128.7M$1.20B$908.4M
Returns
ROE20.6%20.6%16.4%20.6%25.0%
Valuation
P/E9.159.159.909.895.96
EV/EBITDA3.473.473.853.781.58
P/B1.871.871.622.041.49
Growth & Yield
Revenue Growth51.0%51.0%-0.4%0.6%—
EPS Growth——-11.6%-5.1%—
Dividend Yield3.7%3.7%———

Revenue, Net Income & Free Cash Flow ($B)

Margins (%)

Returns (%)

Leverage & Liquidity

Reverse DCF · market-implied EPS growthterminal P/E 15.0x · COE 10.0%
Reverse DCF requires positive EPS; loss-making or zero-EPS companies cannot produce a clean EPS hurdle.

Qué te dice: cuánto EPS CAGR está descontando el precio si sales al múltiplo terminal indicado. Si el growth observado queda por debajo, el mercado está pidiendo una ejecución muy fina.

Return attribution · 1Y approxreconcilia total +16.0%

Total return

+16.0%

Start / end P/E

n/dx → n/dx

EPS bridge

6.64 → n/d

Residual

+12.4%

EPS growthn/d
Multiple reratingn/d
Dividend+3.7%
Residual / FX / buybacks / cross-term+12.4%

EPS/multiple decomposition requires positive EPS at both endpoints; residual absorbs price move not explained by dividends.

Simple additive decomposition: total return = EPS growth contribution + P/E multiple contribution + dividend contribution + explicit residual. The residual captures cross-terms, buybacks/share-count effects, FX, special dividends, data noise and methodology mismatch so the bridge always reconciles.