Acter Group Corporation Limited (5536) AI Stock Analysis

Acter Group Corporation Limited

(TPEx:5536)

Select Model

Rating:72Outperform

Price Target:TWD 706.00▼(-5.61% Downside)

Action:initiatedcoverage

Date:11/09/26

Strong financial performance with clean balance sheet and expanding profitability is the primary positive driver. Weak technical momentum from price action below moving averages weighs on the score, while reasonable valuation and dividend yield provide support.

Positive Factors

Revenue GrowthRevenue expanded materially from 2020 to 2025, with growth re-accelerating in 2025. This indicates improving demand and operating scale, giving the company a stronger base for sustaining earnings and funding investment over the next several quarters, provided execution remains consistent.

Negative Factors

Margin VolatilityGross and operating margins peaked in 2024 and declined in 2025 despite continued earnings growth. This volatility suggests mix or price-cost pressure that could limit the durability of profitability and reduce the benefit of further revenue expansion if it persists.

Acter Group Corporation Limited (5536) vs. SPDR S&P 500 ETF (SPY)

Market Cap: TWD 93.06B
Dividend Yield: 2.67%
Average Volume (3M): 1.17M
Price to Earnings (P/E): 16.9
Beta (1Y): 1.20
Revenue Growth: 25.59%
EPS Growth: 38.05%
Country: TW
Employees: 1,899
Sector: General
Sector Strength: 55
Industry: Engineering & Construction

Acter Group Corporation Limited Business Overview & Revenue Model

Company Description

Founded in 1979 and headquartered in Taichung, Taiwan, Acter Group Corporation Limited delivers a broad spectrum of engineering services throughout Taiwan, Mainland China, and other Asian regions. The company's expertise spans the design, constructio...

Acter Group Corporation Limited Financial Statement Overview

Summary

Accelerating revenue to 41.5 billion with net margins improved to 8.5%, exceptionally strong balance sheet with debt-to-equity at 0.06, and robust operating cash flow of 6.1 billion.

Income Statement

84Very Positive

Balance Sheet

93Very Positive

Cash Flow

81Very Positive

Financial statement breakdown
Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	47.00B	41.48B	30.25B	25.06B	28.26B	20.22B
Gross Profit	9.84B	7.85B	6.58B	4.92B	4.78B	3.28B
EBITDA	7.74B	5.90B	5.08B	3.70B	3.60B	2.31B
Net Income	4.97B	3.53B	2.62B	1.84B	1.93B	1.20B
Balance Sheet
Total Assets	52.97B	41.32B	34.08B	27.59B	27.12B	18.70B
Cash, Cash Equivalents and Short-Term Investments	17.30B	13.90B	10.95B	9.62B	8.35B	4.93B
Total Debt	1.09B	841.11M	832.40M	1.14B	2.02B	1.71B
Total Liabilities	29.41B	21.90B	17.35B	14.50B	16.32B	11.41B
Stockholders Equity	16.61B	13.12B	10.97B	8.81B	7.58B	5.63B
Cash Flow
Free Cash Flow	6.68B	6.01B	2.00B	4.20B	1.52B	-121.43M
Operating Cash Flow	7.09B	6.14B	2.24B	4.36B	1.69B	-79.81M
Investing Cash Flow	-1.21B	-908.18M	-323.88M	-418.48M	-537.37M	-176.35M
Financing Cash Flow	-2.04B	-1.92B	-1.26B	-1.27B	1.49B	-1.13B

Acter Group Corporation Limited Peers Comparison

Overall Rating

UnderperformOutperform

Sector (55)

Financial Indicators

TW:5536 against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
TW:5434	74Outperform	TWD 97.59B	16.52	―	2.58%	21.35%	55.48%
TW:5536	72Outperform	TWD 89.71B	16.92	―	2.67%	25.59%	38.05%
TW:6691	71Outperform	TWD 75.85B	15.98	―	3.57%	92.72%	86.13%
TW:1503	65Neutral	TWD 88.83B	23.93	―	2.88%	8.33%	16.27%
TW:3583	59Neutral	TWD 40.40B	27.47	―	2.33%	7.90%	44.45%
TW:6196	59Neutral	TWD 92.54B	19.17	―	1.52%	86.15%	58.05%
Sector *	55Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%

* General Sector Average

Performance Comparison

TW:5536 and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
TW:5536	Acter Group Corporation Limited	748.00	108.01	16.88%
TW:1503	Shihlin Electric & Engineering Corp.	173.50	7.52	4.53%
TW:3583	Scientech Corporation	505.00	192.41	61.55%
TW:5434	Topco Scientific Co., Ltd.	520.00	220.90	73.85%
TW:6196	Marketech International Corp.	424.50	191.31	82.04%
TW:6691	YANKEY ENGINEERING Co. LTD.	588.00	202.55	52.55%

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

Acter Group Corporation Limited AI Stock Analysis