Ancang Construction Co., Ltd AI Stock Analysis
Ancang Construction Co., Ltd (5548) AI Stock Analysis
Ancang Construction Co., Ltd
(TPEx:5548)
The score is anchored by solid financials: a near debt-free balance sheet (0.16 debt-to-equity), record net income of NT$116.2 million, 15% revenue growth and a strong free cash flow rebound to NT$247.5 million. Valuation reinforces the case, with a modest 9.7x P/E and a 5.16% dividend yield. The main drags are technical: the stock trades below all key moving averages with a negative MACD, signalling a persistent downtrend despite oversold readings. Fundamental risks centre on compressing margins (operating margin down to 4.8%), a declining 10.1% ROE, and historically volatile project-driven cash flow. No earnings call commentary or corporate events were available, so those components were excluded and their weight redistributed.
Ancang Construction Co., Ltd (5548) vs. SPDR S&P 500 ETF (SPY)
- Market Cap
- TWD 1.31B
- Dividend Yield
- 4.82%
- Average Volume (3M)
- 24.01K
- Price to Earnings (P/E)
- 10.4
- Beta (1Y)
- 0.14
- Revenue Growth
- 11.28%
- EPS Growth
- 2.68%
- Country
- TW
- Employees
- 313
- Sector
- General
- Sector Strength
- 55
- Industry
- Engineering & Construction
Ancang Construction Co., Ltd Business Overview & Revenue Model
Company Description
Established in 1975, Ancang Construction Corp Ltd. is a Taiwan-based company headquartered in Taipei City. As a prominent construction firm, it undertakes a diverse range of projects. These span from architectural developments and extensive civil eng...
Ancang Construction Co., Ltd Financial Statement Overview
Summary
A conservatively financed contractor with improving fundamentals. Revenue grew ~15% to NT$2.49 billion and net income reached a six-year high of NT$116.2 million, while the balance sheet stands out with debt cut to NT$183.6 million and a debt-to-equity ratio of just 0.16, backed by a NT$1.15 billion equity base. Cash flow rebounded sharply to NT$273.2 million operating and NT$247.5 million free cash flow. Offsetting these strengths are thinning margins (gross 10.6% vs 11.6%, operating 4.8% vs 6.6%), ROE drifting down to 10.1%, and historically lumpy operating cash flow that has turned negative in three of the past six years.
Income Statement
69PositiveBalance Sheet
78PositiveCash Flow
64Positive| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 2.60B | 2.49B | 2.18B | 1.90B | 1.53B | 1.93B |
| Gross Profit | 264.35M | 263.29M | 252.29M | 200.69M | 150.93M | 143.77M |
| EBITDA | 172.36M | 154.40M | 176.32M | 150.65M | 120.11M | 116.36M |
| Net Income | 116.56M | 116.20M | 104.05M | 84.52M | 64.69M | 63.07M |
Balance Sheet | ||||||
| Total Assets | 2.38B | 2.25B | 2.31B | 1.46B | 1.44B | 1.21B |
| Cash, Cash Equivalents and Short-Term Investments | 581.53M | 717.59M | 979.33M | 396.30M | 332.12M | 290.83M |
| Total Debt | 410.51M | 183.59M | 575.84M | 375.80M | 486.34M | 391.92M |
| Total Liabilities | 1.25B | 1.10B | 1.21B | 911.71M | 974.54M | 798.13M |
| Stockholders Equity | 1.14B | 1.15B | 1.10B | 545.83M | 464.23M | 408.81M |
Cash Flow | ||||||
| Free Cash Flow | -141.13M | 247.52M | -111.33M | 221.93M | -47.56M | 32.59M |
| Operating Cash Flow | -17.34M | 273.16M | -81.55M | 235.22M | -35.24M | 44.85M |
| Investing Cash Flow | -19.72M | -100.67M | -251.16M | -3.20M | -11.50M | -30.78M |
| Financing Cash Flow | -76.44M | -491.08M | 692.13M | -169.44M | 92.17M | 4.58M |
Ancang Construction Co., Ltd Peers Comparison
Overall Rating
- TW:554868Neutral
TW:992954Neutral
TW:990251Neutral
TW:621945Neutral
TW:180544Neutral
TW:145338Underperform
Financial Indicators
| Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
| TW:5548 | 68Neutral | TWD 1.25B | 10.40 | ― | 4.82% | 11.28% | 2.68% |
| Sector * | 55Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% |
| TW:9929 | 54Neutral | TWD 1.10B | 22.08 | ― | ― | 4.36% | ― |
| TW:9902 | 51Neutral | TWD 1.31B | 19.70 | ― | 2.25% | 63.00% | 1800.55% |
| TW:6219 | 45Neutral | TWD 1.29B | 11.01 | ― | 6.44% | 9.98% | -32.64% |
| TW:1805 | 44Neutral | TWD 1.31B | 71.17 | ― | ― | -59.33% | -94.38% |
| TW:1453 | 38Underperform | TWD 1.21B | 15.43 | ― | ― | 4.78% | ― |
* General Sector Average
Performance Comparison
| Show on chart | Ticker | Company Name | Price | Change | % Change |
|---|---|---|---|---|---|
| TW:5548 | Ancang Construction Co., Ltd | 20.50 | 1.57 | 8.28% | |
| TW:1453 | Ta Jiang Co., Ltd. | 10.40 | -1.59 | -13.26% | |
| TW:1805 | Better Life Group Co., Ltd. | 9.70 | -2.00 | -17.09% | |
| TW:6219 | Full Wang International Development Co. Ltd. | 10.40 | -9.55 | -47.87% | |
| TW:9902 | Tidehold Development Co., Ltd. | 13.30 | -3.90 | -22.67% | |
| TW:9929 | Choice Development, Inc. | 10.90 | 0.45 | 4.31% |
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