View ValuationFranbo Lines 将来の成長Future 基準チェック /06Franbo Linesの収益は年間13.7%で減少すると予測されていますが、年間収益は年間0.3%で増加すると予想されています。EPS は年間13.7%で減少すると予想されています。主要情報-13.7%収益成長率-13.73%EPS成長率Shipping 収益成長3.0%収益成長率0.3%将来の株主資本利益率n/aアナリストカバレッジLow最終更新日01 Jun 2026今後の成長に関する最新情報更新なしすべての更新を表示Recent updatesNew Risk • May 26New minor risk - Financial positionThe company has a high level of debt. Net debt to equity ratio: 45% This is considered a minor risk. Having a high level of debt increases the company's balance sheet risk. The company has a higher interest repayment burden, leading to the need to allocate a greater amount of its earnings towards servicing the debt, potentially limiting growth options or shareholder distributions. It can also increase the risk of bankruptcy if business conditions deteriorate enough that the company can no longer meet its debt obligations. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 17% per year for the foreseeable future. Minor Risks High level of debt (45% net debt to equity). Paying a dividend despite having no free cash flows.Reported Earnings • May 15First quarter 2026 earnings: EPS and revenues exceed analyst expectationsFirst quarter 2026 results: EPS: NT$0.71 (up from NT$0.28 in 1Q 2025). Revenue: NT$606.5m (up 20% from 1Q 2025). Net income: NT$234.3m (up 166% from 1Q 2025). Profit margin: 39% (up from 17% in 1Q 2025). The increase in margin was primarily driven by higher revenue. Revenue exceeded analyst estimates by 4.4%. Earnings per share (EPS) also surpassed analyst estimates by 35%. Revenue is forecast to stay flat during the next 2 years compared to a 2.4% growth forecast for the Shipping industry in Taiwan. Over the last 3 years on average, earnings per share has fallen by 27% per year but the company’s share price has only fallen by 1% per year, which means it has not declined as severely as earnings.Declared Dividend • May 08Dividend of NT$0.50 announcedShareholders will receive a dividend of NT$0.50. Ex-date: 23rd June 2026 Payment date: 17th July 2026 Dividend yield will be 2.7%, which is lower than the industry average of 32%. Sustainability & Growth Dividend is covered by earnings (25% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 15% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to decline by 11% over the next 2 years. However, it would need to fall by 72% to increase the payout ratio to a potentially unsustainable range.Reported Earnings • Mar 12Full year 2025 earnings released: EPS: NT$2.01 (vs NT$1.92 in FY 2024)Full year 2025 results: EPS: NT$2.01 (up from NT$1.92 in FY 2024). Revenue: NT$2.37b (up 43% from FY 2024). Net income: NT$646.1m (up 11% from FY 2024). Profit margin: 27% (down from 35% in FY 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 1.7% p.a. on average during the next 2 years, compared to a 3.9% decline forecast for the Shipping industry in Taiwan. Over the last 3 years on average, earnings per share has fallen by 42% per year but the company’s share price has only fallen by 4% per year, which means it has not declined as severely as earnings.お知らせ • Mar 06Franbo Lines Corp., Annual General Meeting, May 27, 2026Franbo Lines Corp., Annual General Meeting, May 27, 2026. Location: 3 floor no,31, hai pien rd., lingya district, kaohsiung city TaiwanNew Risk • Dec 05New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 3.1% 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 Risks Earnings are forecast to decline by an average of 3.1% per year for the foreseeable future. High level of non-cash earnings (39% accrual ratio). Minor Risks High level of debt (59% net debt to equity). Paying a dividend despite having no free cash flows.New Risk • Nov 11New major risk - Earnings qualityThe company has a high level of non-cash earnings. Accrual ratio: 40% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (40% accrual ratio). Minor Risks High level of debt (54% net debt to equity). Paying a dividend despite having no free cash flows.Reported Earnings • Nov 11Third quarter 2025 earnings released: EPS: NT$0.62 (vs NT$0.60 in 3Q 2024)Third quarter 2025 results: EPS: NT$0.62 (up from NT$0.60 in 3Q 2024). Revenue: NT$714.7m (up 68% from 3Q 2024). Net income: NT$201.8m (up 7.8% from 3Q 2024). Profit margin: 28% (down from 44% in 3Q 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 45% per year but the company’s share price has increased by 4% per year, which means it is well ahead of earnings.Reported Earnings • Aug 17Second quarter 2025 earnings released: EPS: NT$0.64 (vs NT$0.39 in 2Q 2024)Second quarter 2025 results: EPS: NT$0.64 (up from NT$0.39 in 2Q 2024). Revenue: NT$550.1m (up 40% from 2Q 2024). Net income: NT$205.1m (up 75% from 2Q 2024). Profit margin: 37% (up from 30% in 2Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 42% per year but the company’s share price has only fallen by 1% per year, which means it has not declined as severely as earnings.Upcoming Dividend • Jun 20Upcoming dividend of NT$0.49 per shareEligible shareholders must have bought the stock before 27 June 2025. Payment date: 17 July 2025. Payout ratio is a comfortable 30% but the company is not cash flow positive. Trailing yield: 2.6%. Lower than top quartile of Taiwanese dividend payers (5.2%). Lower than average of industry peers (10%).New Risk • May 17New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Taiwanese stocks, typically moving 8.7% 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 Risk High level of non-cash earnings (46% accrual ratio). Minor Risks High level of debt (61% net debt to equity). Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (8.7% average weekly change).Reported Earnings • May 15First quarter 2025 earnings released: EPS: NT$0.28 (vs NT$0.52 in 1Q 2024)First quarter 2025 results: EPS: NT$0.28 (down from NT$0.52 in 1Q 2024). Revenue: NT$505.6m (up 30% from 1Q 2024). Net income: NT$88.1m (down 43% from 1Q 2024). Profit margin: 17% (down from 39% in 1Q 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 36% per year but the company’s share price has only fallen by 8% per year, which means it has not declined as severely as earnings.Declared Dividend • May 10Dividend increased to NT$0.50Dividend of NT$0.50 is 3.8% higher than last year. Ex-date: 27th June 2025 Payment date: 17th July 2025 Dividend yield will be 2.5%, which is lower than the industry average of 32%. Sustainability & Growth Dividend is covered by earnings (26% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 7.2% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 29% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover.お知らせ • May 01Franbo Lines Corp. to Report Q1, 2025 Results on May 08, 2025Franbo Lines Corp. announced that they will report Q1, 2025 results on May 08, 2025Valuation Update With 7 Day Price Move • Apr 08Investor sentiment deteriorates as stock falls 16%After last week's 16% share price decline to NT$18.05, the stock trades at a trailing P/E ratio of 9.6x. Average trailing P/E is 8x in the Shipping industry in Taiwan. Total loss to shareholders of 13% over the past three years.New Risk • Apr 07New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Taiwanese stocks, typically moving 6.5% 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 Risk High level of non-cash earnings (31% accrual ratio). Minor Risks High level of debt (42% net debt to equity). Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (6.5% average weekly change).Reported Earnings • Mar 23Full year 2024 earnings released: EPS: NT$1.92 (vs NT$1.69 in FY 2023)Full year 2024 results: EPS: NT$1.92 (up from NT$1.69 in FY 2023). Revenue: NT$1.65b (up 24% from FY 2023). Net income: NT$584.9m (up 38% from FY 2023). Profit margin: 35% (up from 32% in FY 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 25% per year but the company’s share price has only fallen by 3% per year, which means it has not declined as severely as earnings.お知らせ • Mar 12Franbo Lines Corp., Annual General Meeting, Jun 05, 2025Franbo Lines Corp., Annual General Meeting, Jun 05, 2025. Location: 3 floor no,31, hai pien rd., lingya district, kaohsiung city Taiwanお知らせ • Mar 04Franbo Lines Corp. to Report Q4, 2024 Results on Mar 11, 2025Franbo Lines Corp. announced that they will report Q4, 2024 results on Mar 11, 2025Reported Earnings • Nov 18Third quarter 2024 earnings released: EPS: NT$0.60 (vs NT$0.67 in 3Q 2023)Third quarter 2024 results: EPS: NT$0.60. Revenue: NT$426.1m (up 22% from 3Q 2023). Net income: NT$187.1m (up 14% from 3Q 2023). Profit margin: 44% (down from 47% in 3Q 2023). The decrease in margin was driven by higher expenses.お知らせ • Oct 31Franbo Lines Corp. to Report Q4, 2024 Results on Nov 06, 2024Franbo Lines Corp. announced that they will report Q4, 2024 results on Nov 06, 2024Reported Earnings • Aug 17Second quarter 2024 earnings released: EPS: NT$0.39 (vs NT$0.13 in 2Q 2023)Second quarter 2024 results: EPS: NT$0.39 (up from NT$0.13 in 2Q 2023). Revenue: NT$393.9m (up 18% from 2Q 2023). Net income: NT$117.1m (up 265% from 2Q 2023). Profit margin: 30% (up from 9.6% in 2Q 2023). The increase in margin was primarily driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has fallen by 14% per year, which means it is significantly lagging earnings.お知らせ • Jul 31Franbo Lines Corp. to Report Q2, 2024 Results on Aug 07, 2024Franbo Lines Corp. announced that they will report Q2, 2024 results on Aug 07, 2024Upcoming Dividend • Jun 18Upcoming dividend of NT$0.48 per shareEligible shareholders must have bought the stock before 25 June 2024. Payment date: 18 July 2024. Payout ratio is a comfortable 26% but the company is not cash flow positive. Trailing yield: 2.3%. Lower than top quartile of Taiwanese dividend payers (4.2%). Lower than average of industry peers (3.6%).Reported Earnings • Mar 13Full year 2023 earnings released: EPS: NT$1.69 (vs NT$6.23 in FY 2022)Full year 2023 results: EPS: NT$1.69 (down from NT$6.23 in FY 2022). Revenue: NT$1.34b (down 8.8% from FY 2022). Net income: NT$424.4m (down 67% from FY 2022). Profit margin: 32% (down from 87% in FY 2022). The decrease in margin was primarily driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 38% per year but the company’s share price has only increased by 18% per year, which means it is significantly lagging earnings growth.お知らせ • Mar 09Franbo Lines Corp. Announces Correction on Retained Earnings Cash Distribution for the Year 2023Franbo Lines Corp. announced correction in Board Meeting Resolution on retained earnings distribution. Date of the board of directors resolution: March 7, 2024. Year or quarter which dividends belong to: Year. Period which dividends belong to:2023. Appropriations of earnings in cash dividends to shareholders TWD 0.5 per share. Cash dividends distributed from legal reserve and capital reserve to shareholders (TWD per share):148,786,175. Total amount of cash dividends to shareholders (TWD):0.お知らせ • Mar 08Franbo Lines Corp., Annual General Meeting, May 30, 2024Franbo Lines Corp., Annual General Meeting, May 30, 2024. Location: 3F, No.31, Haibian Rd., Lingya Dist., Kaohsiung 802, Taiwan Kaohsiung Taiwan Agenda: To discuss report the business of 2023; to discuss Audit Committee Review Report; to discuss report 2023 employees profit sharing bonus and directors compensation; to discuss report 2023 receive directors compensation; to discuss 2023 Annual earnings distribution cash dividend distribution report; to discuss the company's capital loan and situation Report; and to discuss other matters.New Risk • Dec 04New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Taiwanese stocks, typically moving 5.9% 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 Risk High level of non-cash earnings (35% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (5.9% average weekly change). Shareholders have been diluted in the past year (13% increase in shares outstanding).Valuation Update With 7 Day Price Move • Dec 01Investor sentiment improves as stock rises 16%After last week's 16% share price gain to NT$20.10, the stock trades at a trailing P/E ratio of 7.3x. Average trailing P/E is 10x in the Shipping industry in Taiwan. Total returns to shareholders of 186% over the past three years.Buying Opportunity • Oct 31Now 21% undervalued after recent price dropOver the last 90 days, the stock is down 3.0%. The fair value is estimated to be NT$20.21, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 25% over the last 3 years. Earnings per share has grown by 70%.New Risk • Oct 10New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 13% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (34% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Shareholders have been diluted in the past year (13% increase in shares outstanding).Valuation Update With 7 Day Price Move • Sep 20Investor sentiment improves as stock rises 18%After last week's 18% share price gain to NT$18.30, the stock trades at a trailing P/E ratio of 4.8x. Average trailing P/E is 10x in the Shipping industry in Taiwan. Total returns to shareholders of 186% over the past three years.Buying Opportunity • Aug 14Now 21% undervalued after recent price dropOver the last 90 days, the stock is down 16%. The fair value is estimated to be NT$19.30, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 25% over the last 3 years. Earnings per share has grown by 70%.Reported Earnings • Aug 11Second quarter 2023 earnings released: EPS: NT$0.13 (vs NT$1.13 in 2Q 2022)Second quarter 2023 results: EPS: NT$0.13 (down from NT$1.13 in 2Q 2022). Revenue: NT$335.0m (down 16% from 2Q 2022). Net income: NT$32.1m (down 85% from 2Q 2022). Profit margin: 9.6% (down from 53% in 2Q 2022). The decrease in margin was primarily driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 70% per year but the company’s share price has only increased by 30% per year, which means it is significantly lagging earnings growth.お知らせ • Jun 02+ 1 more updateFranbo Lines Corp. Appoints Yan,Shu-Yang as Member of Remuneration CommitteeFranbo Lines Corp. at its AGM held on June 1, 2023, announced Name of the new position holder: Yan,shu-yang new member of Remuneration committee, effective June 1, 2023. Resume of the new position holder: Asian Pacific int'l patent&trademark office: Yan,shu-yang/Presiding lawyer.Upcoming Dividend • Mar 23Upcoming dividend of NT$1.50 per share at 7.2% yieldEligible shareholders must have bought the stock before 30 March 2023. Payment date: 28 April 2023. Payout ratio is a comfortable 16% but the company is not cash flow positive. Trailing yield: 7.2%. Within top quartile of Taiwanese dividend payers (6.0%). Lower than average of industry peers (28%).Reported Earnings • Mar 19Full year 2022 earnings released: EPS: NT$6.23 (vs NT$2.24 in FY 2021)Full year 2022 results: EPS: NT$6.23 (up from NT$2.24 in FY 2021). Revenue: NT$1.47b (up 20% from FY 2021). Net income: NT$1.28b (up 241% from FY 2021). Profit margin: 87% (up from 31% in FY 2021). The increase in margin was primarily driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 87% per year but the company’s share price has only increased by 63% per year, which means it is significantly lagging earnings growth.Board Change • Nov 16Less than half of directors are independentNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 9 experienced directors. No highly experienced directors. 2 independent directors (5 non-independent directors). was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.Reported Earnings • Nov 13Third quarter 2022 earnings released: EPS: NT$1.66 (vs NT$0.66 in 3Q 2021)Third quarter 2022 results: EPS: NT$1.66 (up from NT$0.66 in 3Q 2021). Revenue: NT$386.3m (up 4.3% from 3Q 2021). Net income: NT$339.6m (up 190% from 3Q 2021). Profit margin: 88% (up from 32% in 3Q 2021). The increase in margin was primarily driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 84% per year but the company’s share price has only increased by 34% per year, which means it is significantly lagging earnings growth.Valuation Update With 7 Day Price Move • Nov 08Investor sentiment improved over the past weekAfter last week's 21% share price gain to NT$17.50, the stock trades at a trailing P/E ratio of 5.6x. Average trailing P/E is 5x in the Shipping industry in Taiwan. Total returns to shareholders of 170% over the past three years.お知らせ • Nov 05Franbo Lines Corp. Appoints Wilson Lin as Company SecretaryFranbo Lines Corp. announced appointment of Wilson Lin, CFO of Franbo as Company Secretary, effective date is November 4, 2022.Valuation Update With 7 Day Price Move • Sep 29Investor sentiment deteriorated over the past weekAfter last week's 15% share price decline to NT$15.60, the stock trades at a trailing P/E ratio of 5x. Average trailing P/E is 5x in the Shipping industry in Taiwan. Total returns to shareholders of 131% over the past three years.Reported Earnings • Aug 15Second quarter 2022 earnings released: EPS: NT$1.13 (vs NT$0.48 in 2Q 2021)Second quarter 2022 results: EPS: NT$1.13 (up from NT$0.48 in 2Q 2021). Revenue: NT$400.6m (up 36% from 2Q 2021). Net income: NT$212.8m (up 191% from 2Q 2021). Profit margin: 53% (up from 25% in 2Q 2021). The increase in margin was primarily driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 77% per year but the company’s share price has only increased by 40% per year, which means it is significantly lagging earnings growth.Reported Earnings • Aug 15Second quarter 2022 earnings released: EPS: NT$1.13 (vs NT$0.48 in 2Q 2021)Second quarter 2022 results: EPS: NT$1.13 (up from NT$0.48 in 2Q 2021). Revenue: NT$400.6m (up 36% from 2Q 2021). Net income: NT$212.8m (up 191% from 2Q 2021). Profit margin: 53% (up from 25% in 2Q 2021). The increase in margin was primarily driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 77% per year but the company’s share price has only increased by 40% per year, which means it is significantly lagging earnings growth.Valuation Update With 7 Day Price Move • Jun 20Investor sentiment deteriorated over the past weekAfter last week's 17% share price decline to NT$21.85, the stock trades at a trailing P/E ratio of 6.8x. Average trailing P/E is 8x in the Shipping industry in Taiwan. Total returns to shareholders of 215% over the past three years.Upcoming Dividend • Jun 13Upcoming dividend of NT$0.80 per shareEligible shareholders must have bought the stock before 20 June 2022. Payment date: 08 July 2022. Trailing yield: 3.0%. Lower than top quartile of Taiwanese dividend payers (6.0%). Lower than average of industry peers (12%).Reported Earnings • May 14First quarter 2022 earnings released: EPS: NT$1.35 (vs NT$0.18 in 1Q 2021)First quarter 2022 results: EPS: NT$1.35 (up from NT$0.18 in 1Q 2021). Revenue: NT$371.5m (up 92% from 1Q 2021). Net income: NT$253.9m (up NT$226.9m from 1Q 2021). Profit margin: 68% (up from 14% in 1Q 2021). The increase in margin was primarily driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 66% per year but the company’s share price has only increased by 55% per year, which means it is significantly lagging earnings growth.Board Change • Apr 27Less than half of directors are independentNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 9 experienced directors. No highly experienced directors. 2 independent directors (5 non-independent directors). was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.Valuation Update With 7 Day Price Move • Dec 02Investor sentiment improved over the past weekAfter last week's 15% share price gain to NT$27.70, the stock trades at a trailing P/E ratio of 22x. Average trailing P/E is 13x in the Shipping industry in Taiwan. Total returns to shareholders of 210% over the past three years.Valuation Update With 7 Day Price Move • Oct 07Investor sentiment deteriorated over the past weekAfter last week's 17% share price decline to NT$26.85, the stock trades at a trailing P/E ratio of 34x. Average trailing P/E is 20x in the Shipping industry in Taiwan. Total returns to shareholders of 327% over the past three years.Valuation Update With 7 Day Price Move • Aug 23Investor sentiment improved over the past weekAfter last week's 25% share price gain to NT$33.05, the stock trades at a trailing P/E ratio of 33.9x. Average trailing P/E is 26x in the Shipping industry in Taiwan. Total returns to shareholders of 299% over the past three years.Reported Earnings • Aug 09Second quarter 2021 earnings released: EPS NT$0.48 (vs NT$0.14 in 2Q 2020)The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: NT$295.0m (up 53% from 2Q 2020). Net income: NT$73.1m (up 249% from 2Q 2020). Profit margin: 25% (up from 11% in 2Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 94% per year but the company’s share price has only increased by 48% per year, which means it is significantly lagging earnings growth.Valuation Update With 7 Day Price Move • Jul 09Investor sentiment improved over the past weekAfter last week's 17% share price gain to NT$41.35, the stock trades at a trailing P/E ratio of 65.2x. Average trailing P/E is 40x in the Shipping industry in Taiwan. Total returns to shareholders of 369% over the past three years.Valuation Update With 7 Day Price Move • Jun 18Investor sentiment improved over the past weekAfter last week's 33% share price gain to NT$28.20, the stock trades at a trailing P/E ratio of 44.4x. Average trailing P/E is 31x in the Shipping industry in Taiwan. Total returns to shareholders of 201% over the past three years.Valuation Update With 7 Day Price Move • Jun 02Investor sentiment improved over the past weekAfter last week's 15% share price gain to NT$19.70, the stock trades at a trailing P/E ratio of 31x. Average trailing P/E is 31x in the Shipping industry in Taiwan. Total returns to shareholders of 100% over the past three years.Reported Earnings • May 11First quarter 2021 earnings released: EPS NT$0.18 (vs NT$0.17 in 1Q 2020)The company reported a solid first quarter result with improved earnings and revenues, although profit margins were flat. First quarter 2021 results: Revenue: NT$194.0m (up 1.1% from 1Q 2020). Net income: NT$27.0m (up 6.2% from 1Q 2020). Profit margin: 14% (in line with 1Q 2020). Over the last 3 years on average, earnings per share has increased by 105% per year but the company’s share price has only increased by 38% per year, which means it is significantly lagging earnings growth.Valuation Update With 7 Day Price Move • May 10Investor sentiment improved over the past weekAfter last week's 22% share price gain to NT$23.25, the stock trades at a trailing P/E ratio of 37.3x. Average trailing P/E is 34x in the Shipping industry in Taiwan. Total returns to shareholders of 166% over the past three years.Valuation Update With 7 Day Price Move • Apr 17Investor sentiment improved over the past weekAfter last week's 16% share price gain to NT$15.75, the stock trades at a trailing P/E ratio of 25.3x. Average trailing P/E is 23x in the Shipping industry in Taiwan. Total returns to shareholders of 116% over the past three years.Reported Earnings • Mar 25Full year 2020 earnings released: EPS NT$0.62 (vs NT$0.53 in FY 2019)The company reported a decent full year result with improved earnings and profit margins, although revenues were weaker. Full year 2020 results: Revenue: NT$747.5m (down 5.1% from FY 2019). Net income: NT$95.2m (up 18% from FY 2019). Profit margin: 13% (up from 10% in FY 2019). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 110% per year but the company’s share price has only increased by 22% per year, which means it is significantly lagging earnings growth.Valuation Update With 7 Day Price Move • Mar 19Investor sentiment improved over the past weekAfter last week's 16% share price gain to NT$13.50, the stock trades at a trailing P/E ratio of 20.4x. Average trailing P/E is 19x in the Shipping industry in Taiwan. Total returns to shareholders of 83% over the past three years.分析記事 • Mar 12Can Franbo Lines Corp. (GTSM:2641) Maintain Its Strong Returns?Many investors are still learning about the various metrics that can be useful when analysing a stock. This article is...お知らせ • Mar 10Franbo Lines Corp., Annual General Meeting, May 28, 2021Franbo Lines Corp., Annual General Meeting, May 28, 2021.分析記事 • Feb 19We Like These Underlying Trends At Franbo Lines (GTSM:2641)To find a multi-bagger stock, what are the underlying trends we should look for in a business? Firstly, we'd want to...Valuation Update With 7 Day Price Move • Feb 19Investor sentiment improved over the past weekAfter last week's 16% share price gain to NT$11.90, the stock is trading at a trailing P/E ratio of 18x, up from the previous P/E ratio of 15.5x. This compares to an average P/E of 17x in the Shipping industry in Taiwan. Total returns to shareholders over the past three years are 48%.分析記事 • Feb 01Is Franbo Lines (GTSM:2641) A Risky Investment?Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...Valuation Update With 7 Day Price Move • Jan 20Investor sentiment deteriorated over the past weekAfter last week's 16% share price decline to NT$10.05, the stock is trading at a trailing P/E ratio of 15.2x, down from the previous P/E ratio of 18x. This compares to an average P/E of 16x in the Shipping industry in Taiwan. Total returns to shareholders over the past three years are 14%.分析記事 • Jan 14We're Not Counting On Franbo Lines (GTSM:2641) To Sustain Its Statutory ProfitabilityAs a general rule, we think profitable companies are less risky than companies that lose money. That said, the current...Valuation Update With 7 Day Price Move • Dec 28Investor sentiment improved over the past weekAfter last week's 24% share price gain to NT$12.30, the stock is trading at a trailing P/E ratio of 18.6x, up from the previous P/E ratio of 14.9x. This compares to an average P/E of 18x in the Shipping industry in Taiwan. Total returns to shareholders over the past three years are 40%.分析記事 • Dec 27Franbo Lines (GTSM:2641) Shareholders Booked A 59% Gain In The Last YearPassive investing in index funds can generate returns that roughly match the overall market. But you can significantly...Is New 90 Day High Low • Dec 25New 90-day high: NT$11.20The company is up 46% from its price of NT$7.66 on 25 September 2020. The Taiwanese market is up 16% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Shipping industry, which is up 82% over the same period.Valuation Update With 7 Day Price Move • Dec 25Investor sentiment improved over the past weekAfter last week's 17% share price gain to NT$11.20, the stock is trading at a trailing P/E ratio of 16.9x, up from the previous P/E ratio of 14.5x. This compares to an average P/E of 18x in the Shipping industry in Taiwan. Total returns to shareholders over the past three years are 27%.Valuation Update With 7 Day Price Move • Dec 21Investor sentiment improved over the past weekAfter last week's 18% share price gain to NT$10.55, the stock is trading at a trailing P/E ratio of 15.9x, up from the previous P/E ratio of 13.4x. This compares to an average P/E of 17x in the Shipping industry in Taiwan. Total returns to shareholders over the past three years are 20%.Is New 90 Day High Low • Dec 09New 90-day high: NT$9.22The company is up 15% from its price of NT$8.01 on 11 September 2020. The Taiwanese market is up 13% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Shipping industry, which is up 39% over the same period.分析記事 • Dec 09Should You Be Excited About Franbo Lines Corp.'s (GTSM:2641) 6.4% Return On Equity?Many investors are still learning about the various metrics that can be useful when analysing a stock. This article is...分析記事 • Nov 18Will Franbo Lines' (GTSM:2641) Growth In ROCE Persist?If you're looking for a multi-bagger, there's a few things to keep an eye out for. Firstly, we'll want to see a proven...Reported Earnings • Nov 09Third quarter 2020 earnings released: EPS NT$0.19The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2020 results: Revenue: NT$193.0m (up 2.1% from 3Q 2019). Net income: NT$28.4m (up 61% from 3Q 2019). Profit margin: 15% (up from 9.4% in 3Q 2019). The increase in margin was primarily driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 93% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings.業績と収益の成長予測TPEX:2641 - アナリストの将来予測と過去の財務データ ( )TWD Millions日付収益収益フリー・キャッシュフロー営業活動によるキャッシュ平均アナリスト数12/31/20272,463621N/A1,201112/31/20262,248689N/A1,07713/31/20262,469792-1,6131,227N/A12/31/20252,368646-3,2331,349N/A9/30/20252,215623-3,9811,495N/A6/30/20251,926608-4,3561,316N/A3/31/20251,770520-4,4191,237N/A12/31/20241,654585-2,455971N/A9/30/20241,606609-2,198734N/A6/30/20241,529586-2,324556N/A3/31/20241,471501-1,481508N/A12/31/20231,338424-2,039478N/A9/30/20231,250747-1,600608N/A6/30/20231,287922-1,109545N/A3/31/20231,3521,102-687423N/A12/31/20221,4671,280-480355N/A9/30/20221,525964-906228N/A6/30/20221,509742-1,110552N/A3/31/20221,404602-892694N/A12/31/20211,226375-614678N/A9/30/20211,029238-312579N/A6/30/2021852149123384N/A3/31/20217509784327N/A12/31/202074895152346N/A9/30/202078210164326N/A6/30/20207789078333N/A3/31/202078588-53329N/A12/31/201978781N/A316N/A9/30/201978875N/A409N/A6/30/201981587N/A380N/A3/31/201982684N/A403N/A12/31/201879592N/A406N/A9/30/2018754-417N/A364N/A6/30/2018732-440N/A440N/A3/31/2018711-454N/A368N/A12/31/2017740-492N/A378N/A9/30/201778210N/A244N/A6/30/20178046N/A180N/A3/31/20178192N/A239N/A12/31/20168030N/A196N/A9/30/201677226N/A233N/A6/30/201673724N/A247N/A3/31/201671740N/A193N/A12/31/201572556N/A214N/A9/30/201575035N/A205N/A6/30/201573439N/A169N/Aもっと見るアナリストによる今後の成長予測収入対貯蓄率: 2641の収益は今後 3 年間で減少すると予測されています (年間-13.7% )。収益対市場: 2641の収益は今後 3 年間で減少すると予測されています (年間-13.7% )。高成長収益: 2641の収益は今後 3 年間で減少すると予測されています。収益対市場: 2641の収益 ( 0.3% ) TW市場 ( 18.4% ) よりも低い成長が予測されています。高い収益成長: 2641の収益 ( 0.3% ) 20%よりも低い成長が予測されています。一株当たり利益成長率予想将来の株主資本利益率将来のROE: 2641の 自己資本利益率 が 3 年後に高くなると予測されるかどうかを判断するにはデータが不十分です成長企業の発掘7D1Y7D1Y7D1YTransportation 業界の高成長企業。View Past Performance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2026/06/12 10:29終値2026/06/12 00:00収益2026/03/31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本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、レポートの使用方法に関するガイドやYoutubeのチュートリアルも掲載しています。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Franbo Lines Corp. 1 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。1 アナリスト機関Yayue HsuehCapital Securities Corporation
New Risk • May 26New minor risk - Financial positionThe company has a high level of debt. Net debt to equity ratio: 45% This is considered a minor risk. Having a high level of debt increases the company's balance sheet risk. The company has a higher interest repayment burden, leading to the need to allocate a greater amount of its earnings towards servicing the debt, potentially limiting growth options or shareholder distributions. It can also increase the risk of bankruptcy if business conditions deteriorate enough that the company can no longer meet its debt obligations. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 17% per year for the foreseeable future. Minor Risks High level of debt (45% net debt to equity). Paying a dividend despite having no free cash flows.
Reported Earnings • May 15First quarter 2026 earnings: EPS and revenues exceed analyst expectationsFirst quarter 2026 results: EPS: NT$0.71 (up from NT$0.28 in 1Q 2025). Revenue: NT$606.5m (up 20% from 1Q 2025). Net income: NT$234.3m (up 166% from 1Q 2025). Profit margin: 39% (up from 17% in 1Q 2025). The increase in margin was primarily driven by higher revenue. Revenue exceeded analyst estimates by 4.4%. Earnings per share (EPS) also surpassed analyst estimates by 35%. Revenue is forecast to stay flat during the next 2 years compared to a 2.4% growth forecast for the Shipping industry in Taiwan. Over the last 3 years on average, earnings per share has fallen by 27% per year but the company’s share price has only fallen by 1% per year, which means it has not declined as severely as earnings.
Declared Dividend • May 08Dividend of NT$0.50 announcedShareholders will receive a dividend of NT$0.50. Ex-date: 23rd June 2026 Payment date: 17th July 2026 Dividend yield will be 2.7%, which is lower than the industry average of 32%. Sustainability & Growth Dividend is covered by earnings (25% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 15% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to decline by 11% over the next 2 years. However, it would need to fall by 72% to increase the payout ratio to a potentially unsustainable range.
Reported Earnings • Mar 12Full year 2025 earnings released: EPS: NT$2.01 (vs NT$1.92 in FY 2024)Full year 2025 results: EPS: NT$2.01 (up from NT$1.92 in FY 2024). Revenue: NT$2.37b (up 43% from FY 2024). Net income: NT$646.1m (up 11% from FY 2024). Profit margin: 27% (down from 35% in FY 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 1.7% p.a. on average during the next 2 years, compared to a 3.9% decline forecast for the Shipping industry in Taiwan. Over the last 3 years on average, earnings per share has fallen by 42% per year but the company’s share price has only fallen by 4% per year, which means it has not declined as severely as earnings.
お知らせ • Mar 06Franbo Lines Corp., Annual General Meeting, May 27, 2026Franbo Lines Corp., Annual General Meeting, May 27, 2026. Location: 3 floor no,31, hai pien rd., lingya district, kaohsiung city Taiwan
New Risk • Dec 05New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 3.1% 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 Risks Earnings are forecast to decline by an average of 3.1% per year for the foreseeable future. High level of non-cash earnings (39% accrual ratio). Minor Risks High level of debt (59% net debt to equity). Paying a dividend despite having no free cash flows.
New Risk • Nov 11New major risk - Earnings qualityThe company has a high level of non-cash earnings. Accrual ratio: 40% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (40% accrual ratio). Minor Risks High level of debt (54% net debt to equity). Paying a dividend despite having no free cash flows.
Reported Earnings • Nov 11Third quarter 2025 earnings released: EPS: NT$0.62 (vs NT$0.60 in 3Q 2024)Third quarter 2025 results: EPS: NT$0.62 (up from NT$0.60 in 3Q 2024). Revenue: NT$714.7m (up 68% from 3Q 2024). Net income: NT$201.8m (up 7.8% from 3Q 2024). Profit margin: 28% (down from 44% in 3Q 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 45% per year but the company’s share price has increased by 4% per year, which means it is well ahead of earnings.
Reported Earnings • Aug 17Second quarter 2025 earnings released: EPS: NT$0.64 (vs NT$0.39 in 2Q 2024)Second quarter 2025 results: EPS: NT$0.64 (up from NT$0.39 in 2Q 2024). Revenue: NT$550.1m (up 40% from 2Q 2024). Net income: NT$205.1m (up 75% from 2Q 2024). Profit margin: 37% (up from 30% in 2Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 42% per year but the company’s share price has only fallen by 1% per year, which means it has not declined as severely as earnings.
Upcoming Dividend • Jun 20Upcoming dividend of NT$0.49 per shareEligible shareholders must have bought the stock before 27 June 2025. Payment date: 17 July 2025. Payout ratio is a comfortable 30% but the company is not cash flow positive. Trailing yield: 2.6%. Lower than top quartile of Taiwanese dividend payers (5.2%). Lower than average of industry peers (10%).
New Risk • May 17New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Taiwanese stocks, typically moving 8.7% 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 Risk High level of non-cash earnings (46% accrual ratio). Minor Risks High level of debt (61% net debt to equity). Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (8.7% average weekly change).
Reported Earnings • May 15First quarter 2025 earnings released: EPS: NT$0.28 (vs NT$0.52 in 1Q 2024)First quarter 2025 results: EPS: NT$0.28 (down from NT$0.52 in 1Q 2024). Revenue: NT$505.6m (up 30% from 1Q 2024). Net income: NT$88.1m (down 43% from 1Q 2024). Profit margin: 17% (down from 39% in 1Q 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 36% per year but the company’s share price has only fallen by 8% per year, which means it has not declined as severely as earnings.
Declared Dividend • May 10Dividend increased to NT$0.50Dividend of NT$0.50 is 3.8% higher than last year. Ex-date: 27th June 2025 Payment date: 17th July 2025 Dividend yield will be 2.5%, which is lower than the industry average of 32%. Sustainability & Growth Dividend is covered by earnings (26% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 7.2% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 29% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover.
お知らせ • May 01Franbo Lines Corp. to Report Q1, 2025 Results on May 08, 2025Franbo Lines Corp. announced that they will report Q1, 2025 results on May 08, 2025
Valuation Update With 7 Day Price Move • Apr 08Investor sentiment deteriorates as stock falls 16%After last week's 16% share price decline to NT$18.05, the stock trades at a trailing P/E ratio of 9.6x. Average trailing P/E is 8x in the Shipping industry in Taiwan. Total loss to shareholders of 13% over the past three years.
New Risk • Apr 07New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Taiwanese stocks, typically moving 6.5% 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 Risk High level of non-cash earnings (31% accrual ratio). Minor Risks High level of debt (42% net debt to equity). Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (6.5% average weekly change).
Reported Earnings • Mar 23Full year 2024 earnings released: EPS: NT$1.92 (vs NT$1.69 in FY 2023)Full year 2024 results: EPS: NT$1.92 (up from NT$1.69 in FY 2023). Revenue: NT$1.65b (up 24% from FY 2023). Net income: NT$584.9m (up 38% from FY 2023). Profit margin: 35% (up from 32% in FY 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 25% per year but the company’s share price has only fallen by 3% per year, which means it has not declined as severely as earnings.
お知らせ • Mar 12Franbo Lines Corp., Annual General Meeting, Jun 05, 2025Franbo Lines Corp., Annual General Meeting, Jun 05, 2025. Location: 3 floor no,31, hai pien rd., lingya district, kaohsiung city Taiwan
お知らせ • Mar 04Franbo Lines Corp. to Report Q4, 2024 Results on Mar 11, 2025Franbo Lines Corp. announced that they will report Q4, 2024 results on Mar 11, 2025
Reported Earnings • Nov 18Third quarter 2024 earnings released: EPS: NT$0.60 (vs NT$0.67 in 3Q 2023)Third quarter 2024 results: EPS: NT$0.60. Revenue: NT$426.1m (up 22% from 3Q 2023). Net income: NT$187.1m (up 14% from 3Q 2023). Profit margin: 44% (down from 47% in 3Q 2023). The decrease in margin was driven by higher expenses.
お知らせ • Oct 31Franbo Lines Corp. to Report Q4, 2024 Results on Nov 06, 2024Franbo Lines Corp. announced that they will report Q4, 2024 results on Nov 06, 2024
Reported Earnings • Aug 17Second quarter 2024 earnings released: EPS: NT$0.39 (vs NT$0.13 in 2Q 2023)Second quarter 2024 results: EPS: NT$0.39 (up from NT$0.13 in 2Q 2023). Revenue: NT$393.9m (up 18% from 2Q 2023). Net income: NT$117.1m (up 265% from 2Q 2023). Profit margin: 30% (up from 9.6% in 2Q 2023). The increase in margin was primarily driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has fallen by 14% per year, which means it is significantly lagging earnings.
お知らせ • Jul 31Franbo Lines Corp. to Report Q2, 2024 Results on Aug 07, 2024Franbo Lines Corp. announced that they will report Q2, 2024 results on Aug 07, 2024
Upcoming Dividend • Jun 18Upcoming dividend of NT$0.48 per shareEligible shareholders must have bought the stock before 25 June 2024. Payment date: 18 July 2024. Payout ratio is a comfortable 26% but the company is not cash flow positive. Trailing yield: 2.3%. Lower than top quartile of Taiwanese dividend payers (4.2%). Lower than average of industry peers (3.6%).
Reported Earnings • Mar 13Full year 2023 earnings released: EPS: NT$1.69 (vs NT$6.23 in FY 2022)Full year 2023 results: EPS: NT$1.69 (down from NT$6.23 in FY 2022). Revenue: NT$1.34b (down 8.8% from FY 2022). Net income: NT$424.4m (down 67% from FY 2022). Profit margin: 32% (down from 87% in FY 2022). The decrease in margin was primarily driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 38% per year but the company’s share price has only increased by 18% per year, which means it is significantly lagging earnings growth.
お知らせ • Mar 09Franbo Lines Corp. Announces Correction on Retained Earnings Cash Distribution for the Year 2023Franbo Lines Corp. announced correction in Board Meeting Resolution on retained earnings distribution. Date of the board of directors resolution: March 7, 2024. Year or quarter which dividends belong to: Year. Period which dividends belong to:2023. Appropriations of earnings in cash dividends to shareholders TWD 0.5 per share. Cash dividends distributed from legal reserve and capital reserve to shareholders (TWD per share):148,786,175. Total amount of cash dividends to shareholders (TWD):0.
お知らせ • Mar 08Franbo Lines Corp., Annual General Meeting, May 30, 2024Franbo Lines Corp., Annual General Meeting, May 30, 2024. Location: 3F, No.31, Haibian Rd., Lingya Dist., Kaohsiung 802, Taiwan Kaohsiung Taiwan Agenda: To discuss report the business of 2023; to discuss Audit Committee Review Report; to discuss report 2023 employees profit sharing bonus and directors compensation; to discuss report 2023 receive directors compensation; to discuss 2023 Annual earnings distribution cash dividend distribution report; to discuss the company's capital loan and situation Report; and to discuss other matters.
New Risk • Dec 04New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Taiwanese stocks, typically moving 5.9% 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 Risk High level of non-cash earnings (35% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (5.9% average weekly change). Shareholders have been diluted in the past year (13% increase in shares outstanding).
Valuation Update With 7 Day Price Move • Dec 01Investor sentiment improves as stock rises 16%After last week's 16% share price gain to NT$20.10, the stock trades at a trailing P/E ratio of 7.3x. Average trailing P/E is 10x in the Shipping industry in Taiwan. Total returns to shareholders of 186% over the past three years.
Buying Opportunity • Oct 31Now 21% undervalued after recent price dropOver the last 90 days, the stock is down 3.0%. The fair value is estimated to be NT$20.21, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 25% over the last 3 years. Earnings per share has grown by 70%.
New Risk • Oct 10New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 13% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (34% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Shareholders have been diluted in the past year (13% increase in shares outstanding).
Valuation Update With 7 Day Price Move • Sep 20Investor sentiment improves as stock rises 18%After last week's 18% share price gain to NT$18.30, the stock trades at a trailing P/E ratio of 4.8x. Average trailing P/E is 10x in the Shipping industry in Taiwan. Total returns to shareholders of 186% over the past three years.
Buying Opportunity • Aug 14Now 21% undervalued after recent price dropOver the last 90 days, the stock is down 16%. The fair value is estimated to be NT$19.30, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 25% over the last 3 years. Earnings per share has grown by 70%.
Reported Earnings • Aug 11Second quarter 2023 earnings released: EPS: NT$0.13 (vs NT$1.13 in 2Q 2022)Second quarter 2023 results: EPS: NT$0.13 (down from NT$1.13 in 2Q 2022). Revenue: NT$335.0m (down 16% from 2Q 2022). Net income: NT$32.1m (down 85% from 2Q 2022). Profit margin: 9.6% (down from 53% in 2Q 2022). The decrease in margin was primarily driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 70% per year but the company’s share price has only increased by 30% per year, which means it is significantly lagging earnings growth.
お知らせ • Jun 02+ 1 more updateFranbo Lines Corp. Appoints Yan,Shu-Yang as Member of Remuneration CommitteeFranbo Lines Corp. at its AGM held on June 1, 2023, announced Name of the new position holder: Yan,shu-yang new member of Remuneration committee, effective June 1, 2023. Resume of the new position holder: Asian Pacific int'l patent&trademark office: Yan,shu-yang/Presiding lawyer.
Upcoming Dividend • Mar 23Upcoming dividend of NT$1.50 per share at 7.2% yieldEligible shareholders must have bought the stock before 30 March 2023. Payment date: 28 April 2023. Payout ratio is a comfortable 16% but the company is not cash flow positive. Trailing yield: 7.2%. Within top quartile of Taiwanese dividend payers (6.0%). Lower than average of industry peers (28%).
Reported Earnings • Mar 19Full year 2022 earnings released: EPS: NT$6.23 (vs NT$2.24 in FY 2021)Full year 2022 results: EPS: NT$6.23 (up from NT$2.24 in FY 2021). Revenue: NT$1.47b (up 20% from FY 2021). Net income: NT$1.28b (up 241% from FY 2021). Profit margin: 87% (up from 31% in FY 2021). The increase in margin was primarily driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 87% per year but the company’s share price has only increased by 63% per year, which means it is significantly lagging earnings growth.
Board Change • Nov 16Less than half of directors are independentNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 9 experienced directors. No highly experienced directors. 2 independent directors (5 non-independent directors). was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.
Reported Earnings • Nov 13Third quarter 2022 earnings released: EPS: NT$1.66 (vs NT$0.66 in 3Q 2021)Third quarter 2022 results: EPS: NT$1.66 (up from NT$0.66 in 3Q 2021). Revenue: NT$386.3m (up 4.3% from 3Q 2021). Net income: NT$339.6m (up 190% from 3Q 2021). Profit margin: 88% (up from 32% in 3Q 2021). The increase in margin was primarily driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 84% per year but the company’s share price has only increased by 34% per year, which means it is significantly lagging earnings growth.
Valuation Update With 7 Day Price Move • Nov 08Investor sentiment improved over the past weekAfter last week's 21% share price gain to NT$17.50, the stock trades at a trailing P/E ratio of 5.6x. Average trailing P/E is 5x in the Shipping industry in Taiwan. Total returns to shareholders of 170% over the past three years.
お知らせ • Nov 05Franbo Lines Corp. Appoints Wilson Lin as Company SecretaryFranbo Lines Corp. announced appointment of Wilson Lin, CFO of Franbo as Company Secretary, effective date is November 4, 2022.
Valuation Update With 7 Day Price Move • Sep 29Investor sentiment deteriorated over the past weekAfter last week's 15% share price decline to NT$15.60, the stock trades at a trailing P/E ratio of 5x. Average trailing P/E is 5x in the Shipping industry in Taiwan. Total returns to shareholders of 131% over the past three years.
Reported Earnings • Aug 15Second quarter 2022 earnings released: EPS: NT$1.13 (vs NT$0.48 in 2Q 2021)Second quarter 2022 results: EPS: NT$1.13 (up from NT$0.48 in 2Q 2021). Revenue: NT$400.6m (up 36% from 2Q 2021). Net income: NT$212.8m (up 191% from 2Q 2021). Profit margin: 53% (up from 25% in 2Q 2021). The increase in margin was primarily driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 77% per year but the company’s share price has only increased by 40% per year, which means it is significantly lagging earnings growth.
Reported Earnings • Aug 15Second quarter 2022 earnings released: EPS: NT$1.13 (vs NT$0.48 in 2Q 2021)Second quarter 2022 results: EPS: NT$1.13 (up from NT$0.48 in 2Q 2021). Revenue: NT$400.6m (up 36% from 2Q 2021). Net income: NT$212.8m (up 191% from 2Q 2021). Profit margin: 53% (up from 25% in 2Q 2021). The increase in margin was primarily driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 77% per year but the company’s share price has only increased by 40% per year, which means it is significantly lagging earnings growth.
Valuation Update With 7 Day Price Move • Jun 20Investor sentiment deteriorated over the past weekAfter last week's 17% share price decline to NT$21.85, the stock trades at a trailing P/E ratio of 6.8x. Average trailing P/E is 8x in the Shipping industry in Taiwan. Total returns to shareholders of 215% over the past three years.
Upcoming Dividend • Jun 13Upcoming dividend of NT$0.80 per shareEligible shareholders must have bought the stock before 20 June 2022. Payment date: 08 July 2022. Trailing yield: 3.0%. Lower than top quartile of Taiwanese dividend payers (6.0%). Lower than average of industry peers (12%).
Reported Earnings • May 14First quarter 2022 earnings released: EPS: NT$1.35 (vs NT$0.18 in 1Q 2021)First quarter 2022 results: EPS: NT$1.35 (up from NT$0.18 in 1Q 2021). Revenue: NT$371.5m (up 92% from 1Q 2021). Net income: NT$253.9m (up NT$226.9m from 1Q 2021). Profit margin: 68% (up from 14% in 1Q 2021). The increase in margin was primarily driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 66% per year but the company’s share price has only increased by 55% per year, which means it is significantly lagging earnings growth.
Board Change • Apr 27Less than half of directors are independentNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 9 experienced directors. No highly experienced directors. 2 independent directors (5 non-independent directors). was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.
Valuation Update With 7 Day Price Move • Dec 02Investor sentiment improved over the past weekAfter last week's 15% share price gain to NT$27.70, the stock trades at a trailing P/E ratio of 22x. Average trailing P/E is 13x in the Shipping industry in Taiwan. Total returns to shareholders of 210% over the past three years.
Valuation Update With 7 Day Price Move • Oct 07Investor sentiment deteriorated over the past weekAfter last week's 17% share price decline to NT$26.85, the stock trades at a trailing P/E ratio of 34x. Average trailing P/E is 20x in the Shipping industry in Taiwan. Total returns to shareholders of 327% over the past three years.
Valuation Update With 7 Day Price Move • Aug 23Investor sentiment improved over the past weekAfter last week's 25% share price gain to NT$33.05, the stock trades at a trailing P/E ratio of 33.9x. Average trailing P/E is 26x in the Shipping industry in Taiwan. Total returns to shareholders of 299% over the past three years.
Reported Earnings • Aug 09Second quarter 2021 earnings released: EPS NT$0.48 (vs NT$0.14 in 2Q 2020)The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: NT$295.0m (up 53% from 2Q 2020). Net income: NT$73.1m (up 249% from 2Q 2020). Profit margin: 25% (up from 11% in 2Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 94% per year but the company’s share price has only increased by 48% per year, which means it is significantly lagging earnings growth.
Valuation Update With 7 Day Price Move • Jul 09Investor sentiment improved over the past weekAfter last week's 17% share price gain to NT$41.35, the stock trades at a trailing P/E ratio of 65.2x. Average trailing P/E is 40x in the Shipping industry in Taiwan. Total returns to shareholders of 369% over the past three years.
Valuation Update With 7 Day Price Move • Jun 18Investor sentiment improved over the past weekAfter last week's 33% share price gain to NT$28.20, the stock trades at a trailing P/E ratio of 44.4x. Average trailing P/E is 31x in the Shipping industry in Taiwan. Total returns to shareholders of 201% over the past three years.
Valuation Update With 7 Day Price Move • Jun 02Investor sentiment improved over the past weekAfter last week's 15% share price gain to NT$19.70, the stock trades at a trailing P/E ratio of 31x. Average trailing P/E is 31x in the Shipping industry in Taiwan. Total returns to shareholders of 100% over the past three years.
Reported Earnings • May 11First quarter 2021 earnings released: EPS NT$0.18 (vs NT$0.17 in 1Q 2020)The company reported a solid first quarter result with improved earnings and revenues, although profit margins were flat. First quarter 2021 results: Revenue: NT$194.0m (up 1.1% from 1Q 2020). Net income: NT$27.0m (up 6.2% from 1Q 2020). Profit margin: 14% (in line with 1Q 2020). Over the last 3 years on average, earnings per share has increased by 105% per year but the company’s share price has only increased by 38% per year, which means it is significantly lagging earnings growth.
Valuation Update With 7 Day Price Move • May 10Investor sentiment improved over the past weekAfter last week's 22% share price gain to NT$23.25, the stock trades at a trailing P/E ratio of 37.3x. Average trailing P/E is 34x in the Shipping industry in Taiwan. Total returns to shareholders of 166% over the past three years.
Valuation Update With 7 Day Price Move • Apr 17Investor sentiment improved over the past weekAfter last week's 16% share price gain to NT$15.75, the stock trades at a trailing P/E ratio of 25.3x. Average trailing P/E is 23x in the Shipping industry in Taiwan. Total returns to shareholders of 116% over the past three years.
Reported Earnings • Mar 25Full year 2020 earnings released: EPS NT$0.62 (vs NT$0.53 in FY 2019)The company reported a decent full year result with improved earnings and profit margins, although revenues were weaker. Full year 2020 results: Revenue: NT$747.5m (down 5.1% from FY 2019). Net income: NT$95.2m (up 18% from FY 2019). Profit margin: 13% (up from 10% in FY 2019). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 110% per year but the company’s share price has only increased by 22% per year, which means it is significantly lagging earnings growth.
Valuation Update With 7 Day Price Move • Mar 19Investor sentiment improved over the past weekAfter last week's 16% share price gain to NT$13.50, the stock trades at a trailing P/E ratio of 20.4x. Average trailing P/E is 19x in the Shipping industry in Taiwan. Total returns to shareholders of 83% over the past three years.
分析記事 • Mar 12Can Franbo Lines Corp. (GTSM:2641) Maintain Its Strong Returns?Many investors are still learning about the various metrics that can be useful when analysing a stock. This article is...
お知らせ • Mar 10Franbo Lines Corp., Annual General Meeting, May 28, 2021Franbo Lines Corp., Annual General Meeting, May 28, 2021.
分析記事 • Feb 19We Like These Underlying Trends At Franbo Lines (GTSM:2641)To find a multi-bagger stock, what are the underlying trends we should look for in a business? Firstly, we'd want to...
Valuation Update With 7 Day Price Move • Feb 19Investor sentiment improved over the past weekAfter last week's 16% share price gain to NT$11.90, the stock is trading at a trailing P/E ratio of 18x, up from the previous P/E ratio of 15.5x. This compares to an average P/E of 17x in the Shipping industry in Taiwan. Total returns to shareholders over the past three years are 48%.
分析記事 • Feb 01Is Franbo Lines (GTSM:2641) A Risky Investment?Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...
Valuation Update With 7 Day Price Move • Jan 20Investor sentiment deteriorated over the past weekAfter last week's 16% share price decline to NT$10.05, the stock is trading at a trailing P/E ratio of 15.2x, down from the previous P/E ratio of 18x. This compares to an average P/E of 16x in the Shipping industry in Taiwan. Total returns to shareholders over the past three years are 14%.
分析記事 • Jan 14We're Not Counting On Franbo Lines (GTSM:2641) To Sustain Its Statutory ProfitabilityAs a general rule, we think profitable companies are less risky than companies that lose money. That said, the current...
Valuation Update With 7 Day Price Move • Dec 28Investor sentiment improved over the past weekAfter last week's 24% share price gain to NT$12.30, the stock is trading at a trailing P/E ratio of 18.6x, up from the previous P/E ratio of 14.9x. This compares to an average P/E of 18x in the Shipping industry in Taiwan. Total returns to shareholders over the past three years are 40%.
分析記事 • Dec 27Franbo Lines (GTSM:2641) Shareholders Booked A 59% Gain In The Last YearPassive investing in index funds can generate returns that roughly match the overall market. But you can significantly...
Is New 90 Day High Low • Dec 25New 90-day high: NT$11.20The company is up 46% from its price of NT$7.66 on 25 September 2020. The Taiwanese market is up 16% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Shipping industry, which is up 82% over the same period.
Valuation Update With 7 Day Price Move • Dec 25Investor sentiment improved over the past weekAfter last week's 17% share price gain to NT$11.20, the stock is trading at a trailing P/E ratio of 16.9x, up from the previous P/E ratio of 14.5x. This compares to an average P/E of 18x in the Shipping industry in Taiwan. Total returns to shareholders over the past three years are 27%.
Valuation Update With 7 Day Price Move • Dec 21Investor sentiment improved over the past weekAfter last week's 18% share price gain to NT$10.55, the stock is trading at a trailing P/E ratio of 15.9x, up from the previous P/E ratio of 13.4x. This compares to an average P/E of 17x in the Shipping industry in Taiwan. Total returns to shareholders over the past three years are 20%.
Is New 90 Day High Low • Dec 09New 90-day high: NT$9.22The company is up 15% from its price of NT$8.01 on 11 September 2020. The Taiwanese market is up 13% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Shipping industry, which is up 39% over the same period.
分析記事 • Dec 09Should You Be Excited About Franbo Lines Corp.'s (GTSM:2641) 6.4% Return On Equity?Many investors are still learning about the various metrics that can be useful when analysing a stock. This article is...
分析記事 • Nov 18Will Franbo Lines' (GTSM:2641) Growth In ROCE Persist?If you're looking for a multi-bagger, there's a few things to keep an eye out for. Firstly, we'll want to see a proven...
Reported Earnings • Nov 09Third quarter 2020 earnings released: EPS NT$0.19The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2020 results: Revenue: NT$193.0m (up 2.1% from 3Q 2019). Net income: NT$28.4m (up 61% from 3Q 2019). Profit margin: 15% (up from 9.4% in 3Q 2019). The increase in margin was primarily driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 93% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings.