CTCI Advanced Systems Inc. (5209) AI Stock Analysis

CTCI Advanced Systems Inc.

(TPEx:5209)

Select Model

Rating:80Outperform

Price Target:TWD 223.00▲(2.29% Upside)

Action:initiatedcoverage

Date:11/09/26

Strong valuation and solid financial performance from improved margins and balance sheet are the main drivers; positive technical momentum provides additional support while lumpy cash flows remain a secondary concern.

Positive Factors

Improving ProfitabilityThe 2025 margin expansion shows improved profitability and stronger earnings conversion from the company’s project and engineering activities. If maintained, higher gross and net margins can support reinvestment, strengthen resilience, and provide a more durable earnings base over the next several quarters.

Negative Factors

Revenue VolatilityThe rebound in 2025 is encouraging, but the preceding revenue decline shows that growth is not yet consistently linear. Choppier demand or project execution timing can make future revenue visibility less dependable, complicating capacity planning and making sustained margin expansion harder to assess.

CTCI Advanced Systems Inc. (5209) vs. SPDR S&P 500 ETF (SPY)

Market Cap: TWD 6.40B
Dividend Yield: 5.94%
Average Volume (3M): 184.61K
Price to Earnings (P/E): 11.4
Beta (1Y): 0.25
Revenue Growth: 4.58%
EPS Growth: 32.53%
Country: TW
Employees: 205
Sector: General
Sector Strength: 55
Industry: Information Technology Services

CTCI Advanced Systems Inc. Business Overview & Revenue Model

Company Description

Established in Taipei, Taiwan, in 1987, CTCI Advanced Systems Inc. specializes in delivering comprehensive system integration solutions to a global clientele. The company's expertise spans a wide array of markets, including hydrocarbon, power generat...

CTCI Advanced Systems Inc. Financial Statement Overview

Summary

Improving profitability with multi-year high margins, strengthened balance sheet with higher equity and lower leverage, offset by volatile cash flows from project-based business.

Income Statement

76Positive

Balance Sheet

83Very Positive

Cash Flow

65Positive

Financial statement breakdown
Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	4.70B	5.34B	6.40B	6.77B	3.93B	3.44B
Gross Profit	704.11M	685.28M	571.92M	530.26M	394.94M	248.35M
EBITDA	584.77M	568.03M	535.94M	502.04M	368.16M	172.79M
Net Income	520.04M	459.42M	378.93M	350.77M	242.99M	273.24M
Balance Sheet
Total Assets	4.89B	4.65B	5.07B	4.82B	3.49B	3.29B
Cash, Cash Equivalents and Short-Term Investments	2.54B	2.45B	2.00B	1.10B	1.52B	1.38B
Total Debt	453.26M	483.02M	507.68M	695.41M	295.98M	322.64M
Total Liabilities	3.85B	3.52B	4.07B	3.92B	2.79B	2.59B
Stockholders Equity	1.04B	1.13B	996.98M	901.50M	697.93M	692.74M
Cash Flow
Free Cash Flow	2.35B	803.40M	1.38B	-272.31M	-322.07M	803.75M
Operating Cash Flow	2.36B	809.05M	1.39B	-264.90M	-303.79M	811.03M
Investing Cash Flow	51.52M	591.00K	-5.33M	69.39M	393.25M	-165.02M
Financing Cash Flow	-377.69M	-373.24M	-496.92M	239.52M	-284.63M	-112.59M

CTCI Advanced Systems Inc. Peers Comparison

Overall Rating

UnderperformOutperform

Sector (55)

Financial Indicators

TW:5209 against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
TW:5209	80Outperform	TWD 5.67B	11.38	―	5.94%	4.58%	32.53%
TW:2453	72Outperform	TWD 5.62B	18.32	―	4.84%	5.94%	4.48%
TW:3577	68Neutral	TWD 5.37B	16.44	―	2.38%	32.35%	164.06%
TW:2397	56Neutral	TWD 6.35B	16.95	―	4.31%	16.92%	-16.99%
Sector *	55Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%
TW:6215	51Neutral	TWD 6.49B	20.70	―	1.26%	48.31%	106.93%
TW:6179	37Underperform	TWD 6.25B	53.25	―	2.92%	23.71%	-25.55%

* General Sector Average

Performance Comparison

TW:5209 and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
TW:5209	CTCI Advanced Systems Inc.	218.00	63.11	40.74%
TW:2397	DFI Inc.	56.90	-1.31	-2.26%
TW:2453	Syscom Computer Engineering Co., Ltd.	57.90	6.57	12.79%
TW:3577	ICP Das Co., Ltd.	84.00	25.10	42.62%
TW:6179	ATE Energy International Co. Ltd.	34.30	5.60	19.53%
TW:6215	Aurotek Corporation	79.40	-27.08	-25.43%

Glossary

BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.

Date of analysis: Nov 09, 2026

CTCI Advanced Systems Inc. AI Stock Analysis