T.S. Lines（2510）株式概要T.S. Lines Limited は投資持株会社で、アジア地域でコンテナおよび関連サービスの提供に従事している。 詳細2510 ファンダメンタル分析スノーフレーク・スコア評価6/6将来の成長1/6過去の実績1/6財務の健全性6/6配当金4/6報酬当社が推定した公正価値より53.4%で取引されている 収益は年間4.88%増加すると予測されています 同業他社や業界と比較して、良好な取引価格 アナリストらは、株価が35.4%上昇するだろうとほぼ一致している。 リスク分析リスクチェックの結果、2510 、リスクは検出されなかった。すべてのリスクチェックを見る2510 Community Fair Values Create NarrativeSee what others think this stock is worth. Follow their fair value or set your own to get alerts.NEW491,559 membersJoin community and earn perksGain real feedbackFrom our editorial team, personally. Not silence.Grow your followingReal investors. The kind who actually invest, not scroll past.Unlock free accessFree premium subscription for consistent and quality authors.Learn moreCreate NarrativeBLINROAG491,559 investors already sharing narrativesYour Fair ValueHK$Current PriceHK$8.3715.3% 割高 内在価値ディスカウントGrowth estimate overAnnual revenue growth rate5 Yearstime period%/yrDecreaseIncreasePastFuture02b2016201920222025202620282031Revenue US$1.6bEarnings US$404.9mAdvancedSet Fair ValueView all narrativesT.S. Lines Limited 競合他社Pacific Basin ShippingSymbol: SEHK:2343Market cap: HK$15.8bLC LogisticsSymbol: SEHK:2490Market cap: HK$2.5bOrient Overseas (International)Symbol: SEHK:316Market cap: HK$96.9bSeacon Shipping Group HoldingsSymbol: SEHK:2409Market cap: HK$2.2b価格と性能株価の高値、安値、推移の概要T.S. Lines過去の株価現在の株価HK$8.3752週高値HK$10.8652週安値HK$7.46ベータ01ヶ月の変化8.56%3ヶ月変化-4.67%1年変化-4.23%3年間の変化n/a5年間の変化n/aIPOからの変化104.15%最新ニュースUpcoming Dividend • May 21Upcoming dividend of US$0.10 per shareEligible shareholders must have bought the stock before 28 May 2026. Payment date: 07 July 2026. Payout ratio is a comfortable 51% and this is well supported by cash flows. Trailing yield: 8.9%. Within top quartile of Hong Kong dividend payers (6.9%). Higher than average of industry peers (7.3%).Major Estimate Revision • Mar 27Consensus EPS estimates fall by 16%The consensus outlook for earnings per share (EPS) in fiscal year 2026 has deteriorated. 2026 revenue forecast decreased from US$1.36b to US$1.29b. EPS estimate also fell from US$0.227 per share to US$0.19 per share. Net income forecast to shrink 3.0% next year vs 8.7% decline forecast for Shipping industry in Hong Kong. Consensus price target broadly unchanged at HK$11.50. Share price fell 10% to HK$8.17 over the past week.Declared Dividend • Mar 25Dividend of US$0.10 announcedShareholders will receive a dividend of US$0.10. Ex-date: 28th May 2026 Payment date: 7th July 2026 Dividend yield will be 1.2%, which is lower than the industry average of 21%. Sustainability & Growth Dividend is covered by both earnings (51% earnings payout ratio) and cash flows (49% cash payout ratio). The company is yet to establish a track record of dividend growth or stability as it hasn't paid a regular dividend for at least 2 years. EPS is expected to grow by 19% over the next 2 years, which should provide support to the dividend and adequate earnings cover.Reported Earnings • Mar 22Full year 2025 earnings: EPS and revenues miss analyst expectationsFull year 2025 results: EPS: US$0.20 (down from US$0.25 in FY 2024). Revenue: US$1.28b (down 4.2% from FY 2024). Net income: US$328.9m (down 10% from FY 2024). Profit margin: 26% (down from 27% in FY 2024). The decrease in margin was driven by lower revenue. Revenue missed analyst estimates by 4.1%. Earnings per share (EPS) also missed analyst estimates by 12%. Revenue is forecast to grow 7.6% p.a. on average during the next 2 years, while revenues in the Shipping industry in Hong Kong are expected to remain flat.お知らせ • Mar 21T.S. Lines Limited, Annual General Meeting, May 21, 2026T.S. Lines Limited, Annual General Meeting, May 21, 2026.お知らせ • Mar 09T.S. Lines Limited to Report Fiscal Year 2025 Results on Mar 20, 2026T.S. Lines Limited announced that they will report fiscal year 2025 results on Mar 20, 2026最新情報をもっと見るRecent updatesUpcoming Dividend • May 21Upcoming dividend of US$0.10 per shareEligible shareholders must have bought the stock before 28 May 2026. Payment date: 07 July 2026. Payout ratio is a comfortable 51% and this is well supported by cash flows. Trailing yield: 8.9%. Within top quartile of Hong Kong dividend payers (6.9%). Higher than average of industry peers (7.3%).Major Estimate Revision • Mar 27Consensus EPS estimates fall by 16%The consensus outlook for earnings per share (EPS) in fiscal year 2026 has deteriorated. 2026 revenue forecast decreased from US$1.36b to US$1.29b. EPS estimate also fell from US$0.227 per share to US$0.19 per share. Net income forecast to shrink 3.0% next year vs 8.7% decline forecast for Shipping industry in Hong Kong. Consensus price target broadly unchanged at HK$11.50. Share price fell 10% to HK$8.17 over the past week.Declared Dividend • Mar 25Dividend of US$0.10 announcedShareholders will receive a dividend of US$0.10. Ex-date: 28th May 2026 Payment date: 7th July 2026 Dividend yield will be 1.2%, which is lower than the industry average of 21%. Sustainability & Growth Dividend is covered by both earnings (51% earnings payout ratio) and cash flows (49% cash payout ratio). The company is yet to establish a track record of dividend growth or stability as it hasn't paid a regular dividend for at least 2 years. EPS is expected to grow by 19% over the next 2 years, which should provide support to the dividend and adequate earnings cover.Reported Earnings • Mar 22Full year 2025 earnings: EPS and revenues miss analyst expectationsFull year 2025 results: EPS: US$0.20 (down from US$0.25 in FY 2024). Revenue: US$1.28b (down 4.2% from FY 2024). Net income: US$328.9m (down 10% from FY 2024). Profit margin: 26% (down from 27% in FY 2024). The decrease in margin was driven by lower revenue. Revenue missed analyst estimates by 4.1%. Earnings per share (EPS) also missed analyst estimates by 12%. Revenue is forecast to grow 7.6% p.a. on average during the next 2 years, while revenues in the Shipping industry in Hong Kong are expected to remain flat.お知らせ • Mar 21T.S. Lines Limited, Annual General Meeting, May 21, 2026T.S. Lines Limited, Annual General Meeting, May 21, 2026.お知らせ • Mar 09T.S. Lines Limited to Report Fiscal Year 2025 Results on Mar 20, 2026T.S. Lines Limited announced that they will report fiscal year 2025 results on Mar 20, 2026分析記事 • Feb 03Some Investors May Be Worried About T.S. Lines' (HKG:2510) Returns On CapitalWhen we're researching a company, it's sometimes hard to find the warning signs, but there are some financial metrics...分析記事 • Dec 22A Look At The Fair Value Of T.S. Lines Limited (HKG:2510)Key Insights The projected fair value for T.S. Lines is HK$9.29 based on 2 Stage Free Cash Flow to Equity T.S. Lines...Buy Or Sell Opportunity • Sep 18Now 22% undervalued after recent price dropOver the last 90 days, the stock has fallen 11% to HK$8.94. The fair value is estimated to be HK$11.49, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 30% over the last year. Earnings per share has grown by 136%. Revenue is forecast to grow by 2.2% in 2 years. Earnings are forecast to decline by 16% in the next 2 years.Valuation Update With 7 Day Price Move • Sep 01Investor sentiment deteriorates as stock falls 15%After last week's 15% share price decline to HK$8.69, the stock trades at a forward P/E ratio of 5x. Average forward P/E is 9x in the Shipping industry in Hong Kong. Simply Wall St's valuation model estimates the intrinsic value at HK$11.88 per share.New Risk • Aug 26New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 3.3% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 3.3% per year for the foreseeable future. Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (14% average weekly change).Reported Earnings • Aug 26First half 2025 earnings releasedFirst half 2025 results: EPS: US$0.11. Net income: US$188.7m (up US$188.7m from 1H 2024). Revenue is forecast to grow 5.0% p.a. on average during the next 3 years, compared to a 4.5% decline forecast for the Shipping industry in Hong Kong.分析記事 • Aug 19An Intrinsic Calculation For T.S. Lines Limited (HKG:2510) Suggests It's 48% UndervaluedKey Insights The projected fair value for T.S. Lines is HK$19.23 based on 2 Stage Free Cash Flow to Equity T.S. Lines...お知らせ • Aug 07T.S. Lines Limited to Report Q2, 2025 Results on Aug 25, 2025T.S. Lines Limited announced that they will report Q2, 2025 results on Aug 25, 2025分析記事 • Jul 02T.S. Lines Limited's (HKG:2510) Shares Leap 40% Yet They're Still Not Telling The Full StoryT.S. Lines Limited ( HKG:2510 ) shares have continued their recent momentum with a 40% gain in the last month alone...New Risk • Jun 20New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Hong Kong stocks, typically moving 16% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (16% average weekly change). High level of non-cash earnings (33% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Significant insider selling over the past 3 months (HK$4.2m sold).Valuation Update With 7 Day Price Move • Jun 20Investor sentiment improves as stock rises 33%After last week's 33% share price gain to HK$10.04, the stock trades at a forward P/E ratio of 6x. Average forward P/E is 8x in the Shipping industry in Hong Kong. Simply Wall St's valuation model estimates the intrinsic value at HK$19.46 per share.Recent Insider Transactions • Jun 05President & Executive Director recently bought HK$2.7m worth of stockOn the 2nd of June, Hung-Lin To bought around 412k shares on-market at roughly HK$6.49 per share. This transaction increased Hung-Lin's direct individual holding by 2x at the time of the trade. This was the largest purchase by an insider in the last 3 months. Hung-Lin has been a buyer over the last 12 months, purchasing a net total of HK$1.6m worth in shares.Major Estimate Revision • May 31Consensus revenue estimates increase by 17%The consensus outlook for revenues in fiscal year 2025 has improved. 2025 revenue forecast increased from US$1.21b to US$1.41b. EPS estimate increased from US$0.147 to US$0.199 per share. Net income forecast to shrink 9.5% next year vs 17% decline forecast for Shipping industry in Hong Kong. Consensus price target up from HK$7.40 to HK$9.75. Share price fell 9.4% to HK$7.21 over the past week.お知らせ • May 29T.S. Lines Limited Approves Final Dividend for the Year Ended December 31, 2024, Payable on July 9, 2025T.S. Lines Limited at its AGM held on May 29, 2025, approved a final dividend USD 0.11 per share of the Company for the year ended December 31, 2024 to Shareholders whose names appear on the register of members of the Company on June 9, 2025. The final dividend will be distributed on July 9, 2025.Recent Insider Transactions • May 17President & Executive Director recently sold HK$2.4m worth of stockOn the 13th of May, Hung-Lin To sold around 315k shares on-market at roughly HK$7.77 per share. This transaction amounted to 47% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Hung-Lin has been a net seller over the last 12 months, reducing personal holdings by HK$406k.Valuation Update With 7 Day Price Move • May 13Investor sentiment improves as stock rises 18%After last week's 18% share price gain to HK$7.49, the stock trades at a forward P/E ratio of 6x. Average forward P/E is 8x in the Shipping industry in Hong Kong.New Risk • May 06New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Hong Kong stocks, typically moving 11% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Earnings are forecast to decline by an average of 19% per year for the foreseeable future. High level of non-cash earnings (33% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (11% average weekly change).Major Estimate Revision • Apr 17Consensus EPS estimates increase by 29%The consensus outlook for earnings per share (EPS) in fiscal year 2025 has improved. 2025 revenue forecast increased from US$1.16b to US$1.21b. EPS estimate increased from US$0.114 to US$0.148 per share. Net income forecast to shrink 33% next year vs 33% decline forecast for Shipping industry in Hong Kong. Consensus price target down from HK$7.60 to HK$7.40. Share price rose 16% to HK$6.17 over the past week.Valuation Update With 7 Day Price Move • Apr 07Investor sentiment deteriorates as stock falls 19%After last week's 19% share price decline to HK$5.51, the stock trades at a forward P/E ratio of 6x. Average forward P/E is 6x in the Shipping industry in Hong Kong.Reported Earnings • Mar 30Full year 2024 earnings: EPS and revenues exceed analyst expectationsFull year 2024 results: EPS: US$0.25 (up from US$0.015 in FY 2023). Revenue: US$1.34b (up 53% from FY 2023). Net income: US$365.9m (up US$345.2m from FY 2023). Profit margin: 27% (up from 2.4% in FY 2023). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 7.3%. Earnings per share (EPS) also surpassed analyst estimates by 37%. Revenue is expected to fall by 7.7% p.a. on average during the next 2 years compared to a 3.4% decline forecast for the Shipping industry in Hong Kong.お知らせ • Mar 29T.S. Lines Limited, Annual General Meeting, May 29, 2025T.S. Lines Limited, Annual General Meeting, May 29, 2025.お知らせ • Mar 28T.S. Lines Limited Announces Appointment of Chen Shao-Hsiang as Vice ChairmanThe board (the "Board") of directors (the "Director(s)") of T.S. Lines Limited announced that Mr. Chen Shao-Hsiang ("Mr. James Chen"), has been further appointed as the vice chairman of the Board with effect from March 28, 2025, while continuing to serve concurrently as an executive Director and vice president of the Company. Mr. James Chen, aged 41, joined the Group as a Director and vice president on September 27, 2022 and was redesignated as an executive Director on April 25, 2023. Mr. James Chen is responsible for overseeing the Group's planning, marketing and marine department and formulating the Group 's medium to long term strategies and investments. He currently holds directorships in seven subsidiaries of the Group. Mr. James Chen has over 16 years of experience in the shipping industry. Prior to joining the Group, since July 2008, he successively served in various roles in TEH Shipping Lines Co. Ltd. ("TEH Shipping") in Taiwan with his last position as a vice president since July 2018. From July 2008 to June 2009, he served as an auditor for overseas agents of TEH Shipping, where he was primarily responsible for managing the auditing the overseas agencies. From July 2009 to July 2014, he served as a planning specialist in the planning department of TEH Shipping, where he was primarily responsible for service design and financial analysis and agency management. From July 2014 to July 2018, he served as a junior vice president and head of the planning department of TEH Shipping, where he was primarily responsible for strategic planning, service design, agency management and partners relations liaison. Since August 2008, he has also been serving as a director of T.S. Shipping Agency Co. Ltd. in Taiwan, where he is primarily responsible for overseeing the strategic development and management. Mr. James Chen obtained a bachelor's degree in management from London School of Economics & Political Science in the United Kingdom in July 2007. He also obtained a master's degree in energy, trade and finance from Bayes Business School of City, University of London (formerly known as Cass Business School of City, University of London) in the United Kingdom in October 2008.Valuation Update With 7 Day Price Move • Mar 14Investor sentiment improves as stock rises 18%After last week's 18% share price gain to HK$5.55, the stock trades at a forward P/E ratio of 4x. Average forward P/E is 5x in the Shipping industry in Hong Kong.お知らせ • Feb 28T.S. Lines Limited to Report Fiscal Year 2024 Results on Mar 28, 2025T.S. Lines Limited announced that they will report fiscal year 2024 results on Mar 28, 2025Recent Insider Transactions • Jan 29President & Executive Director recently bought HK$1.1m worth of stockOn the 23rd of January, Hung-Lin To bought around 267k shares on-market at roughly HK$4.26 per share. This transaction amounted to 54% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger purchase worth HK$1.2m. Hung-Lin has been a buyer over the last 12 months, purchasing a net total of HK$3.2m worth in shares.Recent Insider Transactions • Dec 13President & Executive Director recently bought HK$1.2m worth of stockOn the 10th of December, Hung-Lin To bought around 300k shares on-market at roughly HK$4.10 per share. This trade did not impact their existing holding. This was the largest purchase by an insider in the last 3 months. This was Hung-Lin's only on-market trade for the last 12 months.New Risk • Dec 11New major risk - Revenue and earnings growthRevenue has declined by 64% over the past year. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If revenues are declining, then it is difficult for the company to prevent its earnings from declining as well. A trend of falling revenue can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Shares are highly illiquid. Revenue has declined by 64% over the past year. High level of non-cash earnings (31% accrual ratio). Minor Risk Profit margins are more than 30% lower than last year (2.4% net profit margin).Valuation Update With 7 Day Price Move • Dec 02Investor sentiment improves as stock rises 17%After last week's 17% share price gain to HK$4.50, the stock trades at a trailing P/E ratio of 46.1x. Average trailing P/E is 8x in the Shipping industry in Hong Kong.お知らせ • Nov 29T.S. Lines Limited Provides Consolidated Earnings Guidance for the Ten Months Ended October 31, 2024 and for the Year Ending December 31, 2024T.S. Lines Limited provided consolidated earnings guidance for the ten months ended October 31, 2024. For the period, the group is expected to record a profit attributable to the equity shareholders of the Company of not less than USD 270.0 million, representing an increase of approximately 3700% as compared to the profit attributable to the equity shareholders of the Company of approximately USD 7.1 million for the corresponding period in 2023. As a result, the Board expects that the Group will record a significant increase in profit attributable to the equity shareholders of the Company for the year ending December 31, 2024 as compared to the corresponding amount of approximately USD 20.7 million for the year ended December 31, 2023. The significant increase in profit for the ten months ended October 31, 2024 was mainly due to higher freight rates mainly driven by the continued impacts on the supply from the Red Sea diversions; and increased shipping volume, partially attributable to the Group's increased shipping capacity.Board Change • Nov 04Less than half of directors are independentFollowing the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 5 non-independent directors. Independent Non-Executive Director Youn-Ger Wu was the last independent director to join the board, commencing their role in 2024. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.お知らせ • Nov 02T.S. Lines Limited has completed an IPO in the amount of HKD 1.048929 billion.T.S. Lines Limited has completed an IPO in the amount of HKD 1.048929 billion. Security Name: Ordinary Shares Security Type: Common Stock Securities Offered: 107,111,000 Price\Range: HKD 4.18 Discount Per Security: HKD 0.096976 Security Name: Ordinary Shares Security Type: Common Stock Securities Offered: 118,735,000 Price\Range: HKD 4.18 Discount Per Security: HKD 0.096976 Security Name: Ordinary Shares Security Type: Common Stock Securities Offered: 25,094,000 Price\Range: HKD 4.18 Discount Per Security: HKD 0.096976 Transaction Features: Regulation S; Rule 144A株主還元2510HK ShippingHK 市場7D9.7%8.2%0.2%1Y-4.2%14.1%-3.9%株主還元を見る業界別リターン: 2510過去 1 年間で14.1 % の収益を上げたHong Kong Shipping業界を下回りました。リターン対市場: 2510は、過去 1 年間で-3.9 % のリターンをもたらしたHong Kongマーケットと一致しました。価格変動Is 2510's price volatile compared to industry and market?2510 volatility2510 Average Weekly Movement6.2%Shipping Industry Average Movement5.6%Market Average Movement7.6%10% most volatile stocks in HK Market16.3%10% least volatile stocks in HK Market3.6%安定した株価: 2510 、 Hong Kong市場と比較して、過去 3 か月間で大きな価格変動はありませんでした。時間の経過による変動: 2510の 週次ボラティリティ ( 6% ) は過去 1 年間安定しています。会社概要設立従業員CEO（最高経営責任者ウェブサイト2001905James Chenwww.tslines.com投資持株会社であるT.S. Lines Limitedは、アジア地域でコンテナおよび関連サービスの提供に従事している。船舶チャーターと海運代理店サービスを提供。自社所有船と傭船を運航。フォワーダー、他のコンテナ船会社、消費財、一次産品、機械製品メーカーなどの中小企業などのBCO顧客にサービスを提供している。T S.Lines社は2001年に設立され、本社は台湾の台北市にある。もっと見るT.S. Lines Limited 基礎のまとめT.S. Lines の収益と売上を時価総額と比較するとどうか。2510 基礎統計学時価総額HK$13.94b収益（TTM）HK$2.58b売上高(TTM)HK$10.07b5.4xPER（株価収益率1.4xP/Sレシオ2510 は割高か？公正価値と評価分析を参照収益と収入最新の決算報告書（TTM）に基づく主な収益性統計2510 損益計算書（TTM）収益US$1.28b売上原価US$1.03b売上総利益US$253.69mその他の費用-US$75.21m収益US$328.90m直近の収益報告Dec 31, 2025次回決算日該当なし一株当たり利益（EPS）0.20グロス・マージン19.75%純利益率25.60%有利子負債／自己資本比率0%2510 の長期的なパフォーマンスは？過去の実績と比較を見る配当金9.4%現在の配当利回り51%配当性向View Valuation企業分析と財務データの現状データ最終更新日（UTC時間）企業分析2026/07/20 22:26終値2026/07/20 00:00収益2025/12/31年間収益2025/12/31データソース企業分析に使用したデータはS&P Global Market Intelligence LLC のものです。本レポートを作成するための分析モデルでは、以下のデータを使用しています。データは正規化されているため、ソースが利用可能になるまでに時間がかかる場合があります。パッケージデータタイムフレーム米国ソース例会社財務10年損益計算書キャッシュ・フロー計算書貸借対照表SECフォーム10-KSECフォーム10-Qアナリストのコンセンサス予想+プラス3年予想財務アナリストの目標株価アナリストリサーチレポートBlue Matrix市場価格30年株価配当、分割、措置ICEマーケットデータSECフォームS-1所有権10年トップ株主インサイダー取引SECフォーム4SECフォーム13Dマネジメント10年リーダーシップ・チーム取締役会SECフォーム10-KSECフォームDEF 14A主な進展10年会社からのお知らせSECフォーム8-K* 米国証券を対象とした例であり、非米国証券については、同等の規制書式および情報源を使用。特に断りのない限り、すべての財務データは1年ごとの期間に基づいていますが、四半期ごとに更新されます。これは、TTM（Trailing Twelve Month）またはLTM（Last Twelve Month）データとして知られています。詳細はこちら。分析モデルとスノーフレークこのレポートを生成するために使用した分析モデルの詳細は、当社のGitHubページでご覧いただけます。また、レポートの活用方法に関するガイドやYouTubeのチュートリアルも用意しています。シンプリー・ウォールストリート分析モデルを設計・構築した世界トップクラスのチームについてご紹介します。業界およびセクターの指標私たちの業界とセクションの指標は、Simply Wall Stによって6時間ごとに計算されます。アナリスト筋T.S. Lines Limited 3 これらのアナリストのうち、弊社レポートのインプットとして使用した売上高または利益の予想を提出したのは、 。アナリストの投稿は一日中更新されます。4 アナリスト機関Shimin HuCitic Securities Co., Ltd.Yu Yun LiJ.P. MorganHai YanSWS Research Co., Ltd.1 その他のアナリストを表示
Upcoming Dividend • May 21Upcoming dividend of US$0.10 per shareEligible shareholders must have bought the stock before 28 May 2026. Payment date: 07 July 2026. Payout ratio is a comfortable 51% and this is well supported by cash flows. Trailing yield: 8.9%. Within top quartile of Hong Kong dividend payers (6.9%). Higher than average of industry peers (7.3%).
Major Estimate Revision • Mar 27Consensus EPS estimates fall by 16%The consensus outlook for earnings per share (EPS) in fiscal year 2026 has deteriorated. 2026 revenue forecast decreased from US$1.36b to US$1.29b. EPS estimate also fell from US$0.227 per share to US$0.19 per share. Net income forecast to shrink 3.0% next year vs 8.7% decline forecast for Shipping industry in Hong Kong. Consensus price target broadly unchanged at HK$11.50. Share price fell 10% to HK$8.17 over the past week.
Declared Dividend • Mar 25Dividend of US$0.10 announcedShareholders will receive a dividend of US$0.10. Ex-date: 28th May 2026 Payment date: 7th July 2026 Dividend yield will be 1.2%, which is lower than the industry average of 21%. Sustainability & Growth Dividend is covered by both earnings (51% earnings payout ratio) and cash flows (49% cash payout ratio). The company is yet to establish a track record of dividend growth or stability as it hasn't paid a regular dividend for at least 2 years. EPS is expected to grow by 19% over the next 2 years, which should provide support to the dividend and adequate earnings cover.
Reported Earnings • Mar 22Full year 2025 earnings: EPS and revenues miss analyst expectationsFull year 2025 results: EPS: US$0.20 (down from US$0.25 in FY 2024). Revenue: US$1.28b (down 4.2% from FY 2024). Net income: US$328.9m (down 10% from FY 2024). Profit margin: 26% (down from 27% in FY 2024). The decrease in margin was driven by lower revenue. Revenue missed analyst estimates by 4.1%. Earnings per share (EPS) also missed analyst estimates by 12%. Revenue is forecast to grow 7.6% p.a. on average during the next 2 years, while revenues in the Shipping industry in Hong Kong are expected to remain flat.
お知らせ • Mar 21T.S. Lines Limited, Annual General Meeting, May 21, 2026T.S. Lines Limited, Annual General Meeting, May 21, 2026.
お知らせ • Mar 09T.S. Lines Limited to Report Fiscal Year 2025 Results on Mar 20, 2026T.S. Lines Limited announced that they will report fiscal year 2025 results on Mar 20, 2026
Upcoming Dividend • May 21Upcoming dividend of US$0.10 per shareEligible shareholders must have bought the stock before 28 May 2026. Payment date: 07 July 2026. Payout ratio is a comfortable 51% and this is well supported by cash flows. Trailing yield: 8.9%. Within top quartile of Hong Kong dividend payers (6.9%). Higher than average of industry peers (7.3%).
Major Estimate Revision • Mar 27Consensus EPS estimates fall by 16%The consensus outlook for earnings per share (EPS) in fiscal year 2026 has deteriorated. 2026 revenue forecast decreased from US$1.36b to US$1.29b. EPS estimate also fell from US$0.227 per share to US$0.19 per share. Net income forecast to shrink 3.0% next year vs 8.7% decline forecast for Shipping industry in Hong Kong. Consensus price target broadly unchanged at HK$11.50. Share price fell 10% to HK$8.17 over the past week.
Declared Dividend • Mar 25Dividend of US$0.10 announcedShareholders will receive a dividend of US$0.10. Ex-date: 28th May 2026 Payment date: 7th July 2026 Dividend yield will be 1.2%, which is lower than the industry average of 21%. Sustainability & Growth Dividend is covered by both earnings (51% earnings payout ratio) and cash flows (49% cash payout ratio). The company is yet to establish a track record of dividend growth or stability as it hasn't paid a regular dividend for at least 2 years. EPS is expected to grow by 19% over the next 2 years, which should provide support to the dividend and adequate earnings cover.
Reported Earnings • Mar 22Full year 2025 earnings: EPS and revenues miss analyst expectationsFull year 2025 results: EPS: US$0.20 (down from US$0.25 in FY 2024). Revenue: US$1.28b (down 4.2% from FY 2024). Net income: US$328.9m (down 10% from FY 2024). Profit margin: 26% (down from 27% in FY 2024). The decrease in margin was driven by lower revenue. Revenue missed analyst estimates by 4.1%. Earnings per share (EPS) also missed analyst estimates by 12%. Revenue is forecast to grow 7.6% p.a. on average during the next 2 years, while revenues in the Shipping industry in Hong Kong are expected to remain flat.
お知らせ • Mar 21T.S. Lines Limited, Annual General Meeting, May 21, 2026T.S. Lines Limited, Annual General Meeting, May 21, 2026.
お知らせ • Mar 09T.S. Lines Limited to Report Fiscal Year 2025 Results on Mar 20, 2026T.S. Lines Limited announced that they will report fiscal year 2025 results on Mar 20, 2026
分析記事 • Feb 03Some Investors May Be Worried About T.S. Lines' (HKG:2510) Returns On CapitalWhen we're researching a company, it's sometimes hard to find the warning signs, but there are some financial metrics...
分析記事 • Dec 22A Look At The Fair Value Of T.S. Lines Limited (HKG:2510)Key Insights The projected fair value for T.S. Lines is HK$9.29 based on 2 Stage Free Cash Flow to Equity T.S. Lines...
Buy Or Sell Opportunity • Sep 18Now 22% undervalued after recent price dropOver the last 90 days, the stock has fallen 11% to HK$8.94. The fair value is estimated to be HK$11.49, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 30% over the last year. Earnings per share has grown by 136%. Revenue is forecast to grow by 2.2% in 2 years. Earnings are forecast to decline by 16% in the next 2 years.
Valuation Update With 7 Day Price Move • Sep 01Investor sentiment deteriorates as stock falls 15%After last week's 15% share price decline to HK$8.69, the stock trades at a forward P/E ratio of 5x. Average forward P/E is 9x in the Shipping industry in Hong Kong. Simply Wall St's valuation model estimates the intrinsic value at HK$11.88 per share.
New Risk • Aug 26New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 3.3% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 3.3% per year for the foreseeable future. Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (14% average weekly change).
Reported Earnings • Aug 26First half 2025 earnings releasedFirst half 2025 results: EPS: US$0.11. Net income: US$188.7m (up US$188.7m from 1H 2024). Revenue is forecast to grow 5.0% p.a. on average during the next 3 years, compared to a 4.5% decline forecast for the Shipping industry in Hong Kong.
分析記事 • Aug 19An Intrinsic Calculation For T.S. Lines Limited (HKG:2510) Suggests It's 48% UndervaluedKey Insights The projected fair value for T.S. Lines is HK$19.23 based on 2 Stage Free Cash Flow to Equity T.S. Lines...
お知らせ • Aug 07T.S. Lines Limited to Report Q2, 2025 Results on Aug 25, 2025T.S. Lines Limited announced that they will report Q2, 2025 results on Aug 25, 2025
分析記事 • Jul 02T.S. Lines Limited's (HKG:2510) Shares Leap 40% Yet They're Still Not Telling The Full StoryT.S. Lines Limited ( HKG:2510 ) shares have continued their recent momentum with a 40% gain in the last month alone...
New Risk • Jun 20New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Hong Kong stocks, typically moving 16% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (16% average weekly change). High level of non-cash earnings (33% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Significant insider selling over the past 3 months (HK$4.2m sold).
Valuation Update With 7 Day Price Move • Jun 20Investor sentiment improves as stock rises 33%After last week's 33% share price gain to HK$10.04, the stock trades at a forward P/E ratio of 6x. Average forward P/E is 8x in the Shipping industry in Hong Kong. Simply Wall St's valuation model estimates the intrinsic value at HK$19.46 per share.
Recent Insider Transactions • Jun 05President & Executive Director recently bought HK$2.7m worth of stockOn the 2nd of June, Hung-Lin To bought around 412k shares on-market at roughly HK$6.49 per share. This transaction increased Hung-Lin's direct individual holding by 2x at the time of the trade. This was the largest purchase by an insider in the last 3 months. Hung-Lin has been a buyer over the last 12 months, purchasing a net total of HK$1.6m worth in shares.
Major Estimate Revision • May 31Consensus revenue estimates increase by 17%The consensus outlook for revenues in fiscal year 2025 has improved. 2025 revenue forecast increased from US$1.21b to US$1.41b. EPS estimate increased from US$0.147 to US$0.199 per share. Net income forecast to shrink 9.5% next year vs 17% decline forecast for Shipping industry in Hong Kong. Consensus price target up from HK$7.40 to HK$9.75. Share price fell 9.4% to HK$7.21 over the past week.
お知らせ • May 29T.S. Lines Limited Approves Final Dividend for the Year Ended December 31, 2024, Payable on July 9, 2025T.S. Lines Limited at its AGM held on May 29, 2025, approved a final dividend USD 0.11 per share of the Company for the year ended December 31, 2024 to Shareholders whose names appear on the register of members of the Company on June 9, 2025. The final dividend will be distributed on July 9, 2025.
Recent Insider Transactions • May 17President & Executive Director recently sold HK$2.4m worth of stockOn the 13th of May, Hung-Lin To sold around 315k shares on-market at roughly HK$7.77 per share. This transaction amounted to 47% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Hung-Lin has been a net seller over the last 12 months, reducing personal holdings by HK$406k.
Valuation Update With 7 Day Price Move • May 13Investor sentiment improves as stock rises 18%After last week's 18% share price gain to HK$7.49, the stock trades at a forward P/E ratio of 6x. Average forward P/E is 8x in the Shipping industry in Hong Kong.
New Risk • May 06New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Hong Kong stocks, typically moving 11% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Earnings are forecast to decline by an average of 19% per year for the foreseeable future. High level of non-cash earnings (33% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (11% average weekly change).
Major Estimate Revision • Apr 17Consensus EPS estimates increase by 29%The consensus outlook for earnings per share (EPS) in fiscal year 2025 has improved. 2025 revenue forecast increased from US$1.16b to US$1.21b. EPS estimate increased from US$0.114 to US$0.148 per share. Net income forecast to shrink 33% next year vs 33% decline forecast for Shipping industry in Hong Kong. Consensus price target down from HK$7.60 to HK$7.40. Share price rose 16% to HK$6.17 over the past week.
Valuation Update With 7 Day Price Move • Apr 07Investor sentiment deteriorates as stock falls 19%After last week's 19% share price decline to HK$5.51, the stock trades at a forward P/E ratio of 6x. Average forward P/E is 6x in the Shipping industry in Hong Kong.
Reported Earnings • Mar 30Full year 2024 earnings: EPS and revenues exceed analyst expectationsFull year 2024 results: EPS: US$0.25 (up from US$0.015 in FY 2023). Revenue: US$1.34b (up 53% from FY 2023). Net income: US$365.9m (up US$345.2m from FY 2023). Profit margin: 27% (up from 2.4% in FY 2023). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 7.3%. Earnings per share (EPS) also surpassed analyst estimates by 37%. Revenue is expected to fall by 7.7% p.a. on average during the next 2 years compared to a 3.4% decline forecast for the Shipping industry in Hong Kong.
お知らせ • Mar 29T.S. Lines Limited, Annual General Meeting, May 29, 2025T.S. Lines Limited, Annual General Meeting, May 29, 2025.
お知らせ • Mar 28T.S. Lines Limited Announces Appointment of Chen Shao-Hsiang as Vice ChairmanThe board (the "Board") of directors (the "Director(s)") of T.S. Lines Limited announced that Mr. Chen Shao-Hsiang ("Mr. James Chen"), has been further appointed as the vice chairman of the Board with effect from March 28, 2025, while continuing to serve concurrently as an executive Director and vice president of the Company. Mr. James Chen, aged 41, joined the Group as a Director and vice president on September 27, 2022 and was redesignated as an executive Director on April 25, 2023. Mr. James Chen is responsible for overseeing the Group's planning, marketing and marine department and formulating the Group 's medium to long term strategies and investments. He currently holds directorships in seven subsidiaries of the Group. Mr. James Chen has over 16 years of experience in the shipping industry. Prior to joining the Group, since July 2008, he successively served in various roles in TEH Shipping Lines Co. Ltd. ("TEH Shipping") in Taiwan with his last position as a vice president since July 2018. From July 2008 to June 2009, he served as an auditor for overseas agents of TEH Shipping, where he was primarily responsible for managing the auditing the overseas agencies. From July 2009 to July 2014, he served as a planning specialist in the planning department of TEH Shipping, where he was primarily responsible for service design and financial analysis and agency management. From July 2014 to July 2018, he served as a junior vice president and head of the planning department of TEH Shipping, where he was primarily responsible for strategic planning, service design, agency management and partners relations liaison. Since August 2008, he has also been serving as a director of T.S. Shipping Agency Co. Ltd. in Taiwan, where he is primarily responsible for overseeing the strategic development and management. Mr. James Chen obtained a bachelor's degree in management from London School of Economics & Political Science in the United Kingdom in July 2007. He also obtained a master's degree in energy, trade and finance from Bayes Business School of City, University of London (formerly known as Cass Business School of City, University of London) in the United Kingdom in October 2008.
Valuation Update With 7 Day Price Move • Mar 14Investor sentiment improves as stock rises 18%After last week's 18% share price gain to HK$5.55, the stock trades at a forward P/E ratio of 4x. Average forward P/E is 5x in the Shipping industry in Hong Kong.
お知らせ • Feb 28T.S. Lines Limited to Report Fiscal Year 2024 Results on Mar 28, 2025T.S. Lines Limited announced that they will report fiscal year 2024 results on Mar 28, 2025
Recent Insider Transactions • Jan 29President & Executive Director recently bought HK$1.1m worth of stockOn the 23rd of January, Hung-Lin To bought around 267k shares on-market at roughly HK$4.26 per share. This transaction amounted to 54% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger purchase worth HK$1.2m. Hung-Lin has been a buyer over the last 12 months, purchasing a net total of HK$3.2m worth in shares.
Recent Insider Transactions • Dec 13President & Executive Director recently bought HK$1.2m worth of stockOn the 10th of December, Hung-Lin To bought around 300k shares on-market at roughly HK$4.10 per share. This trade did not impact their existing holding. This was the largest purchase by an insider in the last 3 months. This was Hung-Lin's only on-market trade for the last 12 months.
New Risk • Dec 11New major risk - Revenue and earnings growthRevenue has declined by 64% over the past year. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If revenues are declining, then it is difficult for the company to prevent its earnings from declining as well. A trend of falling revenue can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Shares are highly illiquid. Revenue has declined by 64% over the past year. High level of non-cash earnings (31% accrual ratio). Minor Risk Profit margins are more than 30% lower than last year (2.4% net profit margin).
Valuation Update With 7 Day Price Move • Dec 02Investor sentiment improves as stock rises 17%After last week's 17% share price gain to HK$4.50, the stock trades at a trailing P/E ratio of 46.1x. Average trailing P/E is 8x in the Shipping industry in Hong Kong.
お知らせ • Nov 29T.S. Lines Limited Provides Consolidated Earnings Guidance for the Ten Months Ended October 31, 2024 and for the Year Ending December 31, 2024T.S. Lines Limited provided consolidated earnings guidance for the ten months ended October 31, 2024. For the period, the group is expected to record a profit attributable to the equity shareholders of the Company of not less than USD 270.0 million, representing an increase of approximately 3700% as compared to the profit attributable to the equity shareholders of the Company of approximately USD 7.1 million for the corresponding period in 2023. As a result, the Board expects that the Group will record a significant increase in profit attributable to the equity shareholders of the Company for the year ending December 31, 2024 as compared to the corresponding amount of approximately USD 20.7 million for the year ended December 31, 2023. The significant increase in profit for the ten months ended October 31, 2024 was mainly due to higher freight rates mainly driven by the continued impacts on the supply from the Red Sea diversions; and increased shipping volume, partially attributable to the Group's increased shipping capacity.
Board Change • Nov 04Less than half of directors are independentFollowing the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 5 non-independent directors. Independent Non-Executive Director Youn-Ger Wu was the last independent director to join the board, commencing their role in 2024. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
お知らせ • Nov 02T.S. Lines Limited has completed an IPO in the amount of HKD 1.048929 billion.T.S. Lines Limited has completed an IPO in the amount of HKD 1.048929 billion. Security Name: Ordinary Shares Security Type: Common Stock Securities Offered: 107,111,000 Price\Range: HKD 4.18 Discount Per Security: HKD 0.096976 Security Name: Ordinary Shares Security Type: Common Stock Securities Offered: 118,735,000 Price\Range: HKD 4.18 Discount Per Security: HKD 0.096976 Security Name: Ordinary Shares Security Type: Common Stock Securities Offered: 25,094,000 Price\Range: HKD 4.18 Discount Per Security: HKD 0.096976 Transaction Features: Regulation S; Rule 144A
