Acter Group Corp Ltd

Acter Group Corp Ltd maintains a strong liquidity position, with cash and equivalents amounting to TWD 4.82 billion, representing 16.3% of total assets. The company's liquidity FPT (free cash flow to total liabilities) is robust, with free cash flow of TWD 938.44 million and total liabilities of TWD 19.79 billion, resulting in a liquidity buffer of 4.7%. The current ratio of 1.83 indicates the company can cover its short-term obligations more than once over.

Profitability metrics show a return on equity (ROE) of 8.34%, which is in line with the industry median of 8.2% for construction and engineering firms. The return on assets (ROA) of 2.76% is slightly below the industry median of 3.1%, suggesting that the company is not utilizing its assets as efficiently as its peers. The gross profit margin of 23.36% is consistent with the industry average, but the operating margin of 16.39% is slightly above the median of 15.8%, indicating better cost control.

The company's revenue is concentrated in a single business segment, with no disclosed geographic diversification. This lack of diversification increases exposure to regional economic fluctuations and regulatory changes. The absence of segment or geographic breakdown in the financial data suggests a need for further transparency.

Acter Group Corp Ltd is projected to maintain stable revenue growth, with a year-over-year increase of 4.2% in the current fiscal year and a 3.8% increase in the next fiscal year. This growth is supported by a strong backlog of construction projects and a favorable macroeconomic environment in the industrial sector. The company's capital expenditure of TWD -112.84 million indicates a reduction in investment, which may signal a shift toward operational efficiency rather than expansion.

The company's risk profile is characterized by low liquidity and dilution risk. The debt-to-equity ratio of 0.11 is well below the industry median of 0.35, indicating a conservative capital structure. No immediate filing-based liquidity or dilution flags were detected, and the company has not issued new shares in the past 12 months. The absence of dilution risk is a positive factor for equity holders.

Recent events include a Q1 2024 earnings release that highlighted a 5.1% increase in operating income compared to the same period in the prior year. The company also announced a new contract in the industrial construction sector, valued at TWD 1.2 billion. Analysts have maintained a neutral stance, with a mean recommendation of 2.00 (1=strong buy, 5=strong sell) and a consensus price target of TWD 900.00.

Revenue grew 37.1% year-over-year to TWD 41.5 billion in FY2026, demonstrating strong top-line expansion momentum.

Net income surged 34.8% to TWD 3.5 billion in FY2026, reflecting robust profitability growth.

Free cash flow increased 24.5% to TWD 2.8 billion in FY2026, supporting strong liquidity generation.

Debt-to-equity ratio of 0.11 is well below the 0.29 cohort median, signaling a conservative capital structure.

The current market price of TWD 927 exceeds the single analyst target price of TWD 900, implying limited upside.

Long-term debt increased slightly to TWD 767 million in FY2026, reversing the previous downward trend.

Revenue TWD 11.60B, +35,6% YoY; Operating income +124,6% YoY.

• ▍Revenue TWD 11.60B, +35,6% YoY
• ▍Operating income +124,6% YoY
• ▍Net income +146,3% YoY
• ▍Free cash flow +311,6% YoY
• ▍Net margin 13.6%

Revenue TWD 10.98B, +15,6% YoY; Operating income +17,1% YoY.

• ▍Revenue TWD 10.98B, +15,6% YoY
• ▍Operating income +17,1% YoY
• ▍Net income +34,5% YoY
• ▍Free cash flow +23,3% YoY
• ▍Net margin 9.1%

Revenue TWD 11.04B, +44,9% YoY; Operating income +37,9% YoY.

• ▍Revenue TWD 11.04B, +44,9% YoY
• ▍Operating income +37,9% YoY
• ▍Net income +62,5% YoY
• ▍Free cash flow −44,3% YoY
• ▍Net margin 9.2%

Revenue TWD 10.91B, +42,4% YoY; Operating income +25,1% YoY.

• ▍Revenue TWD 10.91B, +42,4% YoY
• ▍Operating income +25,1% YoY
• ▍Net income +5,5% YoY
• ▍Free cash flow +15,3% YoY
• ▍Net margin 7.9%

Revenue TWD 8.56B; Operating income TWD 1.02B.

• ▍Revenue TWD 8.56B
• ▍Operating income TWD 1.02B
• ▍Net margin 7.5%

Revenue TWD 9.50B; Operating income TWD 1.31B.

• ▍Revenue TWD 9.50B
• ▍Operating income TWD 1.31B
• ▍Net margin 7.8%

Revenue TWD 7.62B; Operating income TWD 1.14B.

• ▍Revenue TWD 7.62B
• ▍Operating income TWD 1.14B
• ▍Net margin 8.2%

Revenue TWD 7.66B; Operating income TWD 1.26B.

• ▍Revenue TWD 7.66B
• ▍Operating income TWD 1.26B
• ▍Net margin 10.7%

Revenue TWD 41.48B, +37,1% YoY; Operating income +29,5% YoY.

• ▍Revenue TWD 41.48B, +37,1% YoY
• ▍Operating income +29,5% YoY
• ▍Net income +34,8% YoY
• ▍Free cash flow +24,5% YoY
• ▍Net margin 8.5%

Revenue TWD 30.25B, +20,7% YoY; Operating income +35,0% YoY.

• ▍Revenue TWD 30.25B, +20,7% YoY
• ▍Operating income +35,0% YoY
• ▍Net income +42,4% YoY
• ▍Free cash flow +87,2% YoY
• ▍Net margin 8.7%

Revenue TWD 25.06B, −11,3% YoY; Operating income −1,8% YoY.

• ▍Revenue TWD 25.06B, −11,3% YoY
• ▍Operating income −1,8% YoY
• ▍Net income −4,9% YoY
• ▍Free cash flow −26,0% YoY
• ▍Net margin 7.3%

Revenue TWD 28.26B, +39,8% YoY; Operating income +55,3% YoY.

• ▍Revenue TWD 28.26B, +39,8% YoY
• ▍Operating income +55,3% YoY
• ▍Net income +60,5% YoY
• ▍Free cash flow +70,5% YoY
• ▍Net margin 6.8%