View Financial HealthTaiwan Navigation 配当と自社株買い配当金 基準チェック /36Taiwan Navigation配当を支払う会社であり、現在の利回りは4.72%で、収益によって十分にカバーされています。主要情報4.7%配当利回りn/aバイバック利回り総株主利回りn/a将来の配当利回りn/a配当成長13.3%次回配当支払日n/a配当落ち日n/a一株当たり配当金n/a配当性向49%最近の配当と自社株買いの更新Upcoming Dividend • Jul 08Upcoming dividend of NT$1.50 per shareEligible shareholders must have bought the stock before 15 July 2026. Payment date: 12 August 2026. Payout ratio is a comfortable 49% and this is well supported by cash flows. Trailing yield: 4.9%. Within top quartile of Taiwanese dividend payers (4.9%). Lower than average of industry peers (6.1%).Declared Dividend • Jun 13Dividend of NT$1.50 announcedDividend of NT$1.50 is the same as last year. Ex-date: 15th July 2026 Payment date: 12th August 2026 Dividend yield will be 5.0%, which is lower than the industry average of 32%. Sustainability & Growth Dividend is well covered by both earnings (49% earnings payout ratio) and cash flows (36% cash payout ratio). The dividend has increased by an average of 21% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 22% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover.Upcoming Dividend • Jul 14Upcoming dividend of NT$1.50 per shareEligible shareholders must have bought the stock before 21 July 2025. Payment date: 13 August 2025. Payout ratio is a comfortable 53% but the company is not cash flow positive. Trailing yield: 5.3%. Within top quartile of Taiwanese dividend payers (5.3%). Lower than average of industry peers (11%).Declared Dividend • Jun 26Dividend reduced to NT$1.50Dividend of NT$1.50 is 6.3% lower than last year. Ex-date: 21st July 2025 Payment date: 13th August 2025 Dividend yield will be 5.3%, which is lower than the industry average of 32%. Sustainability & Growth Dividend is covered by earnings (53% 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 6.5% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 15% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover.お知らせ • Jun 25Taiwan Navigation Co., Ltd. announces Annual dividend, payable on August 13, 2025Taiwan Navigation Co., Ltd. announced Annual dividend of TWD 1.5000 per share payable on August 13, 2025, ex-date on July 21, 2025 and record date on July 22, 2025.分析記事 • Jul 14Taiwan Navigation (TWSE:2617) Has Announced That Its Dividend Will Be Reduced To NT$1.60Taiwan Navigation Co., Ltd. ( TWSE:2617 ) is reducing its dividend from last year's comparable payment to NT$1.60 on...すべての更新を表示Recent updatesNew Risk • Aug 13New major risk - Revenue and earnings growthEarnings have declined by 1.0% per year over the past 5 years. 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 declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings 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 Risk Earnings have declined by 1.0% per year over the past 5 years. Minor Risk Dividend is not well covered by cash flows (143% cash payout ratio).Reported Earnings • Aug 13Second quarter 2026 earnings released: EPS: NT$0.83 (vs NT$0.43 in 2Q 2025)Second quarter 2026 results: EPS: NT$0.83 (up from NT$0.43 in 2Q 2025). Revenue: NT$1.29b (up 26% from 2Q 2025). Net income: NT$348.4m (up 95% from 2Q 2025). Profit margin: 27% (up from 18% in 2Q 2025). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 6% per year but the company’s share price has increased by 1% per year, which means it is well ahead of earnings.Upcoming Dividend • Jul 08Upcoming dividend of NT$1.50 per shareEligible shareholders must have bought the stock before 15 July 2026. Payment date: 12 August 2026. Payout ratio is a comfortable 49% and this is well supported by cash flows. Trailing yield: 4.9%. Within top quartile of Taiwanese dividend payers (4.9%). Lower than average of industry peers (6.1%).Declared Dividend • Jun 13Dividend of NT$1.50 announcedDividend of NT$1.50 is the same as last year. Ex-date: 15th July 2026 Payment date: 12th August 2026 Dividend yield will be 5.0%, which is lower than the industry average of 32%. Sustainability & Growth Dividend is well covered by both earnings (49% earnings payout ratio) and cash flows (36% cash payout ratio). The dividend has increased by an average of 21% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 22% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover.Reported Earnings • Apr 30First quarter 2026 earnings released: EPS: NT$0.71 (vs NT$0.58 in 1Q 2025)First quarter 2026 results: EPS: NT$0.71 (up from NT$0.58 in 1Q 2025). Revenue: NT$1.08b (up 5.7% from 1Q 2025). Net income: NT$298.0m (up 23% from 1Q 2025). Profit margin: 28% (up from 24% in 1Q 2025). Over the last 3 years on average, earnings per share has fallen by 11% 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.Reported Earnings • Mar 11Full year 2025 earnings released: EPS: NT$3.18 (vs NT$3.08 in FY 2024)Full year 2025 results: EPS: NT$3.18 (up from NT$3.08 in FY 2024). Revenue: NT$4.30b (down 2.3% from FY 2024). Net income: NT$1.33b (up 3.3% from FY 2024). Profit margin: 31% (up from 29% in FY 2024). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 15% per year but the company’s share price has remained flat, which means it is well ahead of earnings.お知らせ • Mar 10Taiwan Navigation Co., Ltd., Annual General Meeting, Jun 11, 2026Taiwan Navigation Co., Ltd., Annual General Meeting, Jun 11, 2026, at 09:00 Taipei Standard Time. Location: 4 floor no,2-1, sec.1 chi nan rd., taipei city TaiwanBuy Or Sell Opportunity • Dec 04Now 23% overvalued after recent price riseOver the last 90 days, the stock has risen 23% to NT$33.60. The fair value is estimated to be NT$27.37, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 4.8% over the last 3 years. Earnings per share has declined by 17%.Reported Earnings • Nov 04Third quarter 2025 earnings released: EPS: NT$1.35 (vs NT$0.96 in 3Q 2024)Third quarter 2025 results: EPS: NT$1.35 (up from NT$0.96 in 3Q 2024). Revenue: NT$1.08b (down 6.3% from 3Q 2024). Net income: NT$564.8m (up 41% from 3Q 2024). Profit margin: 52% (up from 35% in 3Q 2024). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 17% per year but the company’s share price has increased by 6% per year, which means it is well ahead of earnings.Reported Earnings • Aug 07Second quarter 2025 earnings released: EPS: NT$0.43 (vs NT$0.58 in 2Q 2024)Second quarter 2025 results: EPS: NT$0.43 (down from NT$0.58 in 2Q 2024). Revenue: NT$1.02b (down 9.4% from 2Q 2024). Net income: NT$178.6m (down 26% from 2Q 2024). Profit margin: 18% (down from 22% in 2Q 2024). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 19% per year but the company’s share price has only fallen by 2% per year, which means it has not declined as severely as earnings.Upcoming Dividend • Jul 14Upcoming dividend of NT$1.50 per shareEligible shareholders must have bought the stock before 21 July 2025. Payment date: 13 August 2025. Payout ratio is a comfortable 53% but the company is not cash flow positive. Trailing yield: 5.3%. Within top quartile of Taiwanese dividend payers (5.3%). Lower than average of industry peers (11%).Declared Dividend • Jun 26Dividend reduced to NT$1.50Dividend of NT$1.50 is 6.3% lower than last year. Ex-date: 21st July 2025 Payment date: 13th August 2025 Dividend yield will be 5.3%, which is lower than the industry average of 32%. Sustainability & Growth Dividend is covered by earnings (53% 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 6.5% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 15% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover.お知らせ • Jun 25Taiwan Navigation Co., Ltd. announces Annual dividend, payable on August 13, 2025Taiwan Navigation Co., Ltd. announced Annual dividend of TWD 1.5000 per share payable on August 13, 2025, ex-date on July 21, 2025 and record date on July 22, 2025.Reported Earnings • May 01First quarter 2025 earnings released: EPS: NT$0.58 (vs NT$0.81 in 1Q 2024)First quarter 2025 results: EPS: NT$0.58 (down from NT$0.81 in 1Q 2024). Revenue: NT$1.02b (flat on 1Q 2024). Net income: NT$242.0m (down 28% from 1Q 2024). Profit margin: 24% (down from 33% in 1Q 2024). Over the last 3 years on average, earnings per share has fallen by 12% per year whereas the company’s share price has fallen by 10% per year.お知らせ • Apr 23Taiwan Navigation Co., Ltd. to Report Q1, 2025 Results on Apr 30, 2025Taiwan Navigation Co., Ltd. announced that they will report Q1, 2025 results on Apr 30, 2025Buy Or Sell Opportunity • Apr 09Now 20% undervalued after recent price dropOver the last 90 days, the stock has fallen 20% to NT$23.15. The fair value is estimated to be NT$28.95, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 8.9% over the last 3 years. Earnings per share has declined by 4.7%.Valuation Update With 7 Day Price Move • Apr 08Investor sentiment deteriorates as stock falls 18%After last week's 18% share price decline to NT$25.30, the stock trades at a trailing P/E ratio of 8.2x. Average trailing P/E is 8x in the Shipping industry in Taiwan. Total loss to shareholders of 14% over the past three years.お知らせ • Mar 25Taiwan Navigation Co., Ltd. Announces Dismissal of Peng, Wen-Hsun as Members of the Sustainable Development Committee on March 30, 2025Taiwan Navigation Co., Ltd. announced dismissal of Peng, Wen-Hsun as members of the Sustainable Development Committee. Reason for the change: Dismissal due to retirement from the company on March 30, 2025.Reported Earnings • Mar 15Full year 2024 earnings released: EPS: NT$3.08 (vs NT$3.99 in FY 2023)Full year 2024 results: EPS: NT$3.08 (down from NT$3.99 in FY 2023). Revenue: NT$4.40b (up 10% from FY 2023). Net income: NT$1.28b (down 23% from FY 2023). Profit margin: 29% (down from 42% in FY 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 5% per year whereas the company’s share price has fallen by 3% per year.お知らせ • Mar 10Taiwan Navigation Co., Ltd., Annual General Meeting, Jun 10, 2025Taiwan Navigation Co., Ltd., Annual General Meeting, Jun 10, 2025, at 09:00 Taipei Standard Time. Location: 4 floor no,2-1, sec.1 chi nan rd., taipei city Taiwanお知らせ • Feb 28Taiwan Navigation Co., Ltd. to Report Fiscal Year 2024 Results on Mar 07, 2025Taiwan Navigation Co., Ltd. announced that they will report fiscal year 2024 results on Mar 07, 2025Buy Or Sell Opportunity • Feb 14Now 20% overvaluedOver the last 90 days, the stock has fallen 5.4% to NT$30.95. The fair value is estimated to be NT$25.69, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 10% over the last 3 years. Earnings per share has grown by 3.6%.Reported Earnings • Nov 18Third quarter 2024 earnings released: EPS: NT$0.96 (vs NT$2.65 in 3Q 2023)Third quarter 2024 results: EPS: NT$0.96 (down from NT$2.65 in 3Q 2023). Revenue: NT$1.15b (up 22% from 3Q 2023). Net income: NT$399.6m (down 64% from 3Q 2023). Profit margin: 35% (down from 116% in 3Q 2023). 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 4% per year, which means it is significantly lagging earnings.お知らせ • Nov 05Taiwan Navigation Co., Ltd. to Report Q3, 2024 Results on Nov 12, 2024Taiwan Navigation Co., Ltd. announced that they will report Q3, 2024 results on Nov 12, 2024Buy Or Sell Opportunity • Oct 16Now 21% overvaluedOver the last 90 days, the stock has fallen 12% to NT$32.05. The fair value is estimated to be NT$26.57, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 12% over the last 3 years. Earnings per share has grown by 16%.Buy Or Sell Opportunity • Sep 24Now 21% overvaluedOver the last 90 days, the stock has fallen 16% to NT$32.15. The fair value is estimated to be NT$26.62, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 12% over the last 3 years. Earnings per share has grown by 16%.Buy Or Sell Opportunity • Aug 28Now 20% overvaluedOver the last 90 days, the stock has fallen 15% to NT$31.90. The fair value is estimated to be NT$26.58, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 12% over the last 3 years. Earnings per share has grown by 16%.Reported Earnings • Aug 17Second quarter 2024 earnings released: EPS: NT$0.58 (vs NT$0.40 in 2Q 2023)Second quarter 2024 results: EPS: NT$0.58 (up from NT$0.40 in 2Q 2023). Revenue: NT$1.13b (up 9.3% from 2Q 2023). Net income: NT$242.6m (up 46% from 2Q 2023). Profit margin: 22% (up from 16% in 2Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has fallen by 12% per year, which means it is significantly lagging earnings.Buy Or Sell Opportunity • Aug 07Now 22% overvaluedOver the last 90 days, the stock has fallen 11% to NT$32.80. The fair value is estimated to be NT$26.84, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 15% over the last 3 years. Earnings per share has grown by 23%.お知らせ • Jul 24Taiwan Navigation Co., Ltd. to Report Q2, 2024 Results on Aug 01, 2024Taiwan Navigation Co., Ltd. announced that they will report Q2, 2024 results on Aug 01, 2024分析記事 • Jul 14Taiwan Navigation (TWSE:2617) Has Announced That Its Dividend Will Be Reduced To NT$1.60Taiwan Navigation Co., Ltd. ( TWSE:2617 ) is reducing its dividend from last year's comparable payment to NT$1.60 on...Upcoming Dividend • Jul 12Upcoming dividend of NT$1.60 per shareEligible shareholders must have bought the stock before 19 July 2024. Payment date: 15 August 2024. Payout ratio is a comfortable 36% but the company is paying out more than the cash it is generating. Trailing yield: 4.3%. Within top quartile of Taiwanese dividend payers (4.2%). In line with average of industry peers (4.0%).分析記事 • Jun 23Taiwan Navigation's (TWSE:2617) Dividend Will Be Reduced To NT$1.60Taiwan Navigation Co., Ltd. ( TWSE:2617 ) has announced that on 15th of August, it will be paying a dividend ofNT$1.60...Declared Dividend • Jun 22Dividend reduced to NT$1.60Dividend of NT$1.60 is 27% lower than last year. Ex-date: 19th July 2024 Payment date: 15th August 2024 Dividend yield will be 4.2%, which is lower than the industry average of 32%. Sustainability & Growth Dividend is covered by earnings (36% earnings payout ratio) but not covered by cash flows (dividend approximately 5x free cash flows). 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 14% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover.お知らせ • Jun 13+ 1 more updateTaiwan Navigation Co., Ltd. Appoints Members of the Audit Committee and Compensation CommitteeTaiwan Navigation Co., Ltd. announced newly appoint members of the Audit Committee and Compensation Committee. Name of the previous position holder: Wang,Chin-San; Lu,Shih-Tong; Lee,Shin-Min; Resume of the previous position holder: Wang,Chin-San - Independent Director of Taiwan Cement Corp.; Lu,Shih-Tong - Professor of Dept. of International Logistics and Transportation Management of Kainan University; Lee, Shin-Min - Independent Director of TNC; Name of the new position holder: Wang,Chin-San; Lu,Shih-Tong; Lin,Hung-Yu; Resume of the new position holder: Wang,Chin-San - Independent Director of Taiwan Cement Corp.; Lu,Shih-Tong - Professor of Dept. of International Logistics and Transportation Management of Kainan University; Lin,Hung-Yu - Deputy Director of Research Division II of TIER. Reason for the change: term expired; Effective date of the new member: June 11, 2024.Reported Earnings • May 12First quarter 2024 earnings released: EPS: NT$0.81 (vs NT$0.34 in 1Q 2023)First quarter 2024 results: EPS: NT$0.81 (up from NT$0.34 in 1Q 2023). Revenue: NT$1.03b (up 9.8% from 1Q 2023). Net income: NT$337.1m (up 136% from 1Q 2023). Profit margin: 33% (up from 15% in 1Q 2023). The increase in margin was primarily driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 23% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth.お知らせ • Apr 24Taiwan Navigation Co., Ltd. to Report Q1, 2024 Results on Apr 30, 2024Taiwan Navigation Co., Ltd. announced that they will report Q1, 2024 results on Apr 30, 2024分析記事 • Mar 21Why Taiwan Navigation's (TWSE:2617) Shaky Earnings Are Just The Beginning Of Its ProblemsTaiwan Navigation Co., Ltd.'s ( TWSE:2617 ) recent weak earnings report didn't cause a big stock movement. Our analysis...Reported Earnings • Mar 15Full year 2023 earnings released: EPS: NT$3.98 (vs NT$4.83 in FY 2022)Full year 2023 results: EPS: NT$3.98 (down from NT$4.83 in FY 2022). Revenue: NT$3.99b (up 3.0% from FY 2022). Net income: NT$1.66b (down 18% from FY 2022). Profit margin: 42% (down from 52% in FY 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 30% per year but the company’s share price has only increased by 15% per year, which means it is significantly lagging earnings growth.お知らせ • Mar 12Taiwan Navigation Co., Ltd., Annual General Meeting, Jun 11, 2024Taiwan Navigation Co., Ltd., Annual General Meeting, Jun 11, 2024. Location: National Taiwan University Alumni Club, 4F, NO.2-1, Sec.1, Chi-nan Rd. Taipei, ROC Taipei Taiwan Agenda: To report the 2023 business; to review the 2023 audit committee review report; to consider 2023 directors' remuneration and employees' compensation; to consider 2023 business report and financial statements; to consider the proposal for distribution of 2023 profits.お知らせ • Dec 21Taiwan Navigation Co., Ltd. Announces Executive Changes, Effective on January 1 2024Taiwan Navigation Co., Ltd. announced executive changes. Name, title, and resume of the previous position holder: Chen Chien-Chou, Executive Vice President. Name, title, and resume of the new position holder: Chiang Ko-Pei, Deputy General Manager of Financial Department. Effective date: January 1 2024.Valuation Update With 7 Day Price Move • Dec 04Investor sentiment improves as stock rises 18%After last week's 18% share price gain to NT$35.35, the stock trades at a trailing P/E ratio of 8.1x. Average trailing P/E is 10x in the Shipping industry in Taiwan. Total returns to shareholders of 122% over the past three years.New Risk • Nov 30New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 113% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Large one-off items impacting financial results.Reported Earnings • Nov 09Third quarter 2023 earnings released: EPS: NT$2.65 (vs NT$0.75 in 3Q 2022)Third quarter 2023 results: EPS: NT$2.65 (up from NT$0.75 in 3Q 2022). Revenue: NT$948.8m (down 2.4% from 3Q 2022). Net income: NT$1.10b (up 254% from 3Q 2022). 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.New Risk • Aug 10New major risk - Dividend sustainabilityThe dividend is not well covered by earnings and cash flows. Payout ratio: 90% Dividend per share is over 880x cash flows per share. Dividend yield: 8.2% This is considered a major risk. Companies that pay out too much of their earnings and cash flows are at risk of having to reduce or cut their dividend in future. If earnings or cash flows stagnate or fall, then there may not be enough to maintain the same dividend. Or in extreme cases, companies may opt to dig into capital reserves or take on debt to maintain the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risk Dividend is not well covered by earnings and cash flows. Payout ratio: 90% Dividend per share is over 880x cash flows per share. Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (25% net profit margin).New Risk • Aug 06New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 26% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Minor Risks Dividend is not well covered by cash flows (dividend per share is over 880x cash flows per share). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (25% net profit margin).Reported Earnings • Aug 05Second quarter 2023 earnings released: EPS: NT$0.40 (vs NT$2.54 in 2Q 2022)Second quarter 2023 results: EPS: NT$0.40 (down from NT$2.54 in 2Q 2022). Revenue: NT$1.03b (up 2.7% from 2Q 2022). Net income: NT$166.8m (down 84% from 2Q 2022). Profit margin: 16% (down from 106% in 2Q 2022). Over the last 3 years on average, earnings per share has increased by 43% per year but the company’s share price has only increased by 20% per year, which means it is significantly lagging earnings growth.Upcoming Dividend • Jul 13Upcoming dividend of NT$2.20 per share at 7.2% yieldEligible shareholders must have bought the stock before 20 July 2023. Payment date: 17 August 2023. Payout ratio is a comfortable 46% but the company is not cash flow positive. Trailing yield: 7.2%. Within top quartile of Taiwanese dividend payers (5.5%). Lower than average of industry peers (38%).お知らせ • Jun 16Taiwan Navigation Co., Ltd Announces Cash Dividend for the Year Ended December 31, 2022, Payable on August 17, 2023Taiwan Navigation Co., Ltd. at its shareholders meeting held on June 15, 2023 cash dividend to shareholders of TWD 2.2 per share for the year ended December 31, 2022. Total amount of cash distributed to shareholders is TWD 918,047,871. Ex-rights (ex-dividend) record date: July 27, 2023. Payment date of cash dividend distribution: August 17, 2023.お知らせ • May 05Taiwan Navigation Co., Ltd. Proposes Cash Dividend for the Year Ended December 31, 2022Taiwan Navigation Co., Ltd. proposed cash dividend to shareholders of TWD 2.2 per share for the year ended December 31, 2022. Total amount of cash distributed to shareholders is TWD 918,047,871.Reported Earnings • Mar 17Full year 2022 earnings released: EPS: NT$4.83 (vs NT$3.16 in FY 2021)Full year 2022 results: EPS: NT$4.83 (up from NT$3.16 in FY 2021). Revenue: NT$3.87b (up 20% from FY 2021). Net income: NT$2.02b (up 53% from FY 2021). Profit margin: 52% (up from 41% in FY 2021). The increase in margin was primarily driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 55% per year but the company’s share price has only increased by 37% per year, which means it is significantly lagging earnings growth.Board Change • Nov 16Less than half of directors are independentThere are 5 new directors who have joined the board in the last 3 years. Of these new board members, 1 was an independent director. The company's board is composed of: 3 independent directors. 5 non-independent directors. Independent Director Shin-Min Lee was the last independent director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity.Reported Earnings • Nov 10Third quarter 2022 earnings released: EPS: NT$0.75 (vs NT$1.15 in 3Q 2021)Third quarter 2022 results: EPS: NT$0.75 (down from NT$1.15 in 3Q 2021). Revenue: NT$972.2m (up 13% from 3Q 2021). Net income: NT$312.4m (down 35% from 3Q 2021). Profit margin: 32% (down from 56% in 3Q 2021). Over the last 3 years on average, earnings per share has increased by 52% per year but the company’s share price has only increased by 11% per year, which means it is significantly lagging earnings growth.Buying Opportunity • Oct 31Now 20% undervalued after recent price dropOver the last 90 days, the stock is down 17%. The fair value is estimated to be NT$29.19, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 42%.Buying Opportunity • Sep 28Now 25% undervalued after recent price dropOver the last 90 days, the stock is down 15%. The fair value is estimated to be NT$32.62, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 42%.Buying Opportunity • Sep 02Now 20% undervalued after recent price dropOver the last 90 days, the stock is down 30%. The fair value is estimated to be NT$32.90, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 42%.Reported Earnings • Aug 14Second quarter 2022 earnings released: EPS: NT$2.54 (vs NT$0.63 in 2Q 2021)Second quarter 2022 results: EPS: NT$2.54 (up from NT$0.63 in 2Q 2021). Revenue: NT$1.00b (up 24% from 2Q 2021). Net income: NT$1.06b (up 302% from 2Q 2021). Over the last 3 years on average, earnings per share has increased by 42% per year but the company’s share price has only increased by 12% per year, which means it is significantly lagging earnings growth.Upcoming Dividend • Jul 07Upcoming dividend of NT$2.00 per shareEligible shareholders must have bought the stock before 14 July 2022. Payment date: 10 August 2022. Payout ratio is a comfortable 59% but the company is not cash flow positive. Trailing yield: 7.1%. Within top quartile of Taiwanese dividend payers (6.8%). Lower than average of industry peers (18%).Buying Opportunity • Jul 01Now 22% undervalued after recent price dropOver the last 90 days, the stock is down 26%. The fair value is estimated to be NT$34.56, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 19%.Valuation Update With 7 Day Price Move • Jun 20Investor sentiment deteriorated over the past weekAfter last week's 16% share price decline to NT$29.50, the stock trades at a trailing P/E ratio of 8.7x. Average trailing P/E is 8x in the Shipping industry in Taiwan. Total returns to shareholders of 71% over the past three years.Reported Earnings • May 17First quarter 2022 earnings: EPS exceeds analyst expectations while revenues lag behindFirst quarter 2022 results: EPS: NT$0.59 (up from NT$0.37 in 1Q 2021). Revenue: NT$817.2m (up 25% from 1Q 2021). Net income: NT$244.5m (up 57% from 1Q 2021). Profit margin: 30% (up from 24% in 1Q 2021). Revenue missed analyst estimates by 3.3%. Earnings per share (EPS) exceeded analyst estimates by 2.1%. Over the last 3 years on average, earnings per share has increased by 19% per year whereas the company’s share price has increased by 21% per year.お知らせ • Apr 28Taiwan Navigation Co., Ltd. Proposes Cash Dividends for the Year Ended December 31, 2021Taiwan Navigation Co., Ltd. proposed appropriations of earnings in cash dividends to shareholders of TWD 2.00 per share for the year ended December 31, 2021. Total amount of cash distributed to shareholders TWD 834,588,974.Board Change • Apr 27Less 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 Director Shih-Tong Lu was the last independent director to join the board, commencing their role in 2018. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.Reported Earnings • Nov 10Third quarter 2021 earnings released: EPS NT$1.15 (vs NT$0.17 in 3Q 2020)The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: NT$859.4m (up 32% from 3Q 2020). Net income: NT$480.6m (up NT$408.5m from 3Q 2020). Profit margin: 56% (up from 11% in 3Q 2020). Over the last 3 years on average, earnings per share has fallen by 13% per year but the company’s share price has increased by 28% per year, which means it is well ahead of earnings.Valuation Update With 7 Day Price Move • Sep 14Investor sentiment deteriorated over the past weekAfter last week's 16% share price decline to NT$44.75, the stock trades at a trailing P/E ratio of 28.3x. Average trailing P/E is 25x in the Shipping industry in Taiwan. Total returns to shareholders of 182% over the past three years.Valuation Update With 7 Day Price Move • Aug 23Investor sentiment improved over the past weekAfter last week's 22% share price gain to NT$52.90, the stock trades at a trailing P/E ratio of 33.5x. Average trailing P/E is 26x in the Shipping industry in Taiwan. Total returns to shareholders of 218% over the past three years.Reported Earnings • Aug 11Second quarter 2021 earnings released: EPS NT$0.63 (vs NT$0.26 in 2Q 2020)The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: NT$809.6m (up 40% from 2Q 2020). Net income: NT$261.9m (up 138% from 2Q 2020). Profit margin: 32% (up from 19% in 2Q 2020). Over the last 3 years on average, earnings per share has fallen by 23% per year but the company’s share price has increased by 30% per year, which means it is well ahead of earnings.Valuation Update With 7 Day Price Move • Jul 21Investor sentiment deteriorated over the past weekAfter last week's 16% share price decline to NT$50.00, the stock trades at a trailing P/E ratio of 40.9x. Average trailing P/E is 36x in the Shipping industry in Taiwan. Total returns to shareholders of 197% over the past three years.Upcoming Dividend • Jul 20Upcoming dividend of NT$0.90 per shareEligible shareholders must have bought the stock before 27 July 2021. Payment date: 18 August 2021. Trailing yield: 1.6%. Lower than top quartile of Taiwanese dividend payers (4.9%). Higher than average of industry peers (1.0%).Valuation Update With 7 Day Price Move • Jul 04Investor sentiment improved over the past weekAfter last week's 27% share price gain to NT$73.80, the stock trades at a trailing P/E ratio of 60.4x. Average trailing P/E is 44x in the Shipping industry in Taiwan. Total returns to shareholders of 413% over the past three years.Valuation Update With 7 Day Price Move • Jun 19Investor sentiment improved over the past weekAfter last week's 19% share price gain to NT$52.10, the stock trades at a trailing P/E ratio of 42.6x. Average trailing P/E is 33x in the Shipping industry in Taiwan. Total returns to shareholders of 263% over the past three years.Valuation Update With 7 Day Price Move • Jun 01Investor sentiment improved over the past weekAfter last week's 17% share price gain to NT$42.00, the stock trades at a trailing P/E ratio of 34.4x. Average trailing P/E is 29x in the Shipping industry in Taiwan. Total returns to shareholders of 187% over the past three years.Reported Earnings • May 16First quarter 2021 earnings released: EPS NT$0.37 (vs NT$0.39 in 1Q 2020)The company reported a soft first quarter result with weaker earnings and profit margins, although revenues improved. First quarter 2021 results: Revenue: NT$654.6m (up 3.9% from 1Q 2020). Net income: NT$155.8m (down 4.8% from 1Q 2020). Profit margin: 24% (down from 26% in 1Q 2020). Over the last 3 years on average, earnings per share has fallen by 19% per year but the company’s share price has increased by 26% per year, which means it is well ahead of earnings.お知らせ • May 11Taiwan Navigation Co., Ltd. Announces Dividend for the Year 2020Taiwan Navigation Co., Ltd. announced dividend of TWD 0.90 per share for the year 2020.Valuation Update With 7 Day Price Move • May 06Investor sentiment improved over the past weekAfter last week's 16% share price gain to NT$48.70, the stock trades at a trailing P/E ratio of 39.2x. Average trailing P/E is 31x in the Shipping industry in Taiwan. Total returns to shareholders of 226% over the past three years.Valuation Update With 7 Day Price Move • Apr 16Investor sentiment improved over the past weekAfter last week's 16% share price gain to NT$27.50, the stock trades at a trailing P/E ratio of 22.1x. Average trailing P/E is 23x in the Shipping industry in Taiwan. Total returns to shareholders of 99% over the past three years.分析記事 • Apr 14We Think Taiwan Navigation (TPE:2617) Is Taking Some Risk With Its DebtHoward Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...Reported Earnings • Mar 23Full year 2020 earnings released: EPS NT$1.24 (vs NT$1.44 in FY 2019)The company reported a soft full year result with weaker earnings and revenues, although profit margins were improved. Full year 2020 results: Revenue: NT$2.49b (down 20% from FY 2019). Net income: NT$518.1m (down 14% from FY 2019). Profit margin: 21% (up from 19% in FY 2019). Over the last 3 years on average, earnings per share has fallen by 11% per year but the company’s share price has increased by 16% per year, which means it is well ahead of earnings.Valuation Update With 7 Day Price Move • Mar 22Investor sentiment improved over the past weekAfter last week's 18% share price gain to NT$25.40, the stock trades at a trailing P/E ratio of 21.2x. Average trailing P/E is 22x in the Shipping industry in Taiwan. Total returns to shareholders of 96% over the past three years.分析記事 • Mar 09Three Things You Should Check Before Buying Taiwan Navigation Co., Ltd. (TPE:2617) For Its DividendIs Taiwan Navigation Co., Ltd. ( TPE:2617 ) a good dividend stock? How can we tell? Dividend paying companies with...Valuation Update With 7 Day Price Move • Feb 20Investor sentiment improved over the past weekAfter last week's 15% share price gain to NT$20.35, the stock is trading at a trailing P/E ratio of 16.9x, up from the previous P/E ratio of 14.7x. 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 53%.分析記事 • Feb 16Did You Participate In Any Of Taiwan Navigation's (TPE:2617) Respectable 50% Return?It might be of some concern to shareholders to see the Taiwan Navigation Co., Ltd. ( TPE:2617 ) share price down 12% in...分析記事 • Jan 29Can Taiwan Navigation (TPE:2617) Continue To Grow Its Returns On Capital?What are the early trends we should look for to identify a stock that could multiply in value over the long term...分析記事 • Jan 11We're Not So Sure You Should Rely on Taiwan Navigation's (TPE:2617) Statutory EarningsAs a general rule, we think profitable companies are less risky than companies that lose money. That said, the current...Is New 90 Day High Low • Jan 04New 90-day high: NT$22.15The company is up 28% from its price of NT$17.30 on 06 October 2020. The Taiwanese market is up 17% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Shipping industry, which is up 107% over the same period.分析記事 • Dec 27Does Taiwan Navigation (TPE:2617) Have A Healthy Balance Sheet?Warren Buffett famously said, 'Volatility is far from synonymous with risk.' It's only natural to consider a company's...Is New 90 Day High Low • Dec 18New 90-day high: NT$20.80The company is up 24% from its price of NT$16.80 on 18 September 2020. The Taiwanese market is up 10.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Shipping industry, which is up 62% over the same period.分析記事 • Dec 09Taiwan Navigation Co., Ltd.'s (TPE:2617) Stock On An Uptrend: Could Fundamentals Be Driving The Momentum?Taiwan Navigation's (TPE:2617) stock is up by a considerable 23% over the past month. Given that stock prices are...Is New 90 Day High Low • Nov 25New 90-day high: NT$17.90The company is up 5.0% from its price of NT$17.00 on 27 August 2020. The Taiwanese market is up 7.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Shipping industry, which is up 33% over the same period.分析記事 • Nov 23Should Taiwan Navigation Co., Ltd. (TPE:2617) Be Part Of Your Dividend Portfolio?Could Taiwan Navigation Co., Ltd. (TPE:2617) be an attractive dividend share to own for the long haul? Investors are...Reported Earnings • Nov 14Third quarter 2020 earnings released: EPS NT$0.17The company reported a poor third quarter result with weaker earnings, revenues and profit margins. Third quarter 2020 results: Revenue: NT$650.5m (down 21% from 3Q 2019). Net income: NT$72.1m (down 60% from 3Q 2019). Profit margin: 11% (down from 22% in 3Q 2019). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 4% per year whereas the company’s share price has increased by 3% per year.決済の安定と成長配当データの取得安定した配当: 2617の配当金支払いは、過去10年間 変動性 が高かった。増加する配当: 2617の配当金は過去10年間にわたって増加しています。配当利回り対市場Taiwan Navigation 配当利回り対市場2617 配当利回りは市場と比べてどうか？セグメント配当利回り会社 (2617)4.7%市場下位25% (TW)1.5%市場トップ25% (TW)5.1%業界平均 (Shipping)4.4%アナリスト予想 (2617) (最長3年)n/a注目すべき配当: 2617の配当金 ( 4.72% ) はTW市場の配当金支払者の下位 25% ( 1.52% ) よりも高くなっています。高配当: 2617の配当金 ( 4.72% ) はTW市場の配当金支払者の上位 25% ( 5.07% ) と比較すると低いです。株主への利益配当収益カバレッジ: 2617の 配当性向 ( 48.5% ) はかなり低いため、配当金の支払いは利益によって十分にカバーされます。株主配当金キャッシュフローカバレッジ: 2617は高い 現金配当性向 ( 143% ) のため、配当金の支払いはキャッシュフローで十分にカバーされていません。高配当企業の発掘7D1Y7D1Y7D1YTW 市場の強力な配当支払い企業。View Management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2026/08/22 19:22終値2026/08/21 00:00収益2026/06/30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Taiwan Navigation Co., Ltd. 0 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。2 アナリスト機関Horn Yu ChienMasterlink Securities Investment AdvisoryCharles MaSinoPac Securities Investment Service
Upcoming Dividend • Jul 08Upcoming dividend of NT$1.50 per shareEligible shareholders must have bought the stock before 15 July 2026. Payment date: 12 August 2026. Payout ratio is a comfortable 49% and this is well supported by cash flows. Trailing yield: 4.9%. Within top quartile of Taiwanese dividend payers (4.9%). Lower than average of industry peers (6.1%).
Declared Dividend • Jun 13Dividend of NT$1.50 announcedDividend of NT$1.50 is the same as last year. Ex-date: 15th July 2026 Payment date: 12th August 2026 Dividend yield will be 5.0%, which is lower than the industry average of 32%. Sustainability & Growth Dividend is well covered by both earnings (49% earnings payout ratio) and cash flows (36% cash payout ratio). The dividend has increased by an average of 21% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 22% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover.
Upcoming Dividend • Jul 14Upcoming dividend of NT$1.50 per shareEligible shareholders must have bought the stock before 21 July 2025. Payment date: 13 August 2025. Payout ratio is a comfortable 53% but the company is not cash flow positive. Trailing yield: 5.3%. Within top quartile of Taiwanese dividend payers (5.3%). Lower than average of industry peers (11%).
Declared Dividend • Jun 26Dividend reduced to NT$1.50Dividend of NT$1.50 is 6.3% lower than last year. Ex-date: 21st July 2025 Payment date: 13th August 2025 Dividend yield will be 5.3%, which is lower than the industry average of 32%. Sustainability & Growth Dividend is covered by earnings (53% 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 6.5% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 15% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover.
お知らせ • Jun 25Taiwan Navigation Co., Ltd. announces Annual dividend, payable on August 13, 2025Taiwan Navigation Co., Ltd. announced Annual dividend of TWD 1.5000 per share payable on August 13, 2025, ex-date on July 21, 2025 and record date on July 22, 2025.
分析記事 • Jul 14Taiwan Navigation (TWSE:2617) Has Announced That Its Dividend Will Be Reduced To NT$1.60Taiwan Navigation Co., Ltd. ( TWSE:2617 ) is reducing its dividend from last year's comparable payment to NT$1.60 on...
New Risk • Aug 13New major risk - Revenue and earnings growthEarnings have declined by 1.0% per year over the past 5 years. 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 declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings 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 Risk Earnings have declined by 1.0% per year over the past 5 years. Minor Risk Dividend is not well covered by cash flows (143% cash payout ratio).
Reported Earnings • Aug 13Second quarter 2026 earnings released: EPS: NT$0.83 (vs NT$0.43 in 2Q 2025)Second quarter 2026 results: EPS: NT$0.83 (up from NT$0.43 in 2Q 2025). Revenue: NT$1.29b (up 26% from 2Q 2025). Net income: NT$348.4m (up 95% from 2Q 2025). Profit margin: 27% (up from 18% in 2Q 2025). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 6% per year but the company’s share price has increased by 1% per year, which means it is well ahead of earnings.
Upcoming Dividend • Jul 08Upcoming dividend of NT$1.50 per shareEligible shareholders must have bought the stock before 15 July 2026. Payment date: 12 August 2026. Payout ratio is a comfortable 49% and this is well supported by cash flows. Trailing yield: 4.9%. Within top quartile of Taiwanese dividend payers (4.9%). Lower than average of industry peers (6.1%).
Declared Dividend • Jun 13Dividend of NT$1.50 announcedDividend of NT$1.50 is the same as last year. Ex-date: 15th July 2026 Payment date: 12th August 2026 Dividend yield will be 5.0%, which is lower than the industry average of 32%. Sustainability & Growth Dividend is well covered by both earnings (49% earnings payout ratio) and cash flows (36% cash payout ratio). The dividend has increased by an average of 21% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 22% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover.
Reported Earnings • Apr 30First quarter 2026 earnings released: EPS: NT$0.71 (vs NT$0.58 in 1Q 2025)First quarter 2026 results: EPS: NT$0.71 (up from NT$0.58 in 1Q 2025). Revenue: NT$1.08b (up 5.7% from 1Q 2025). Net income: NT$298.0m (up 23% from 1Q 2025). Profit margin: 28% (up from 24% in 1Q 2025). Over the last 3 years on average, earnings per share has fallen by 11% 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.
Reported Earnings • Mar 11Full year 2025 earnings released: EPS: NT$3.18 (vs NT$3.08 in FY 2024)Full year 2025 results: EPS: NT$3.18 (up from NT$3.08 in FY 2024). Revenue: NT$4.30b (down 2.3% from FY 2024). Net income: NT$1.33b (up 3.3% from FY 2024). Profit margin: 31% (up from 29% in FY 2024). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 15% per year but the company’s share price has remained flat, which means it is well ahead of earnings.
お知らせ • Mar 10Taiwan Navigation Co., Ltd., Annual General Meeting, Jun 11, 2026Taiwan Navigation Co., Ltd., Annual General Meeting, Jun 11, 2026, at 09:00 Taipei Standard Time. Location: 4 floor no,2-1, sec.1 chi nan rd., taipei city Taiwan
Buy Or Sell Opportunity • Dec 04Now 23% overvalued after recent price riseOver the last 90 days, the stock has risen 23% to NT$33.60. The fair value is estimated to be NT$27.37, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 4.8% over the last 3 years. Earnings per share has declined by 17%.
Reported Earnings • Nov 04Third quarter 2025 earnings released: EPS: NT$1.35 (vs NT$0.96 in 3Q 2024)Third quarter 2025 results: EPS: NT$1.35 (up from NT$0.96 in 3Q 2024). Revenue: NT$1.08b (down 6.3% from 3Q 2024). Net income: NT$564.8m (up 41% from 3Q 2024). Profit margin: 52% (up from 35% in 3Q 2024). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 17% per year but the company’s share price has increased by 6% per year, which means it is well ahead of earnings.
Reported Earnings • Aug 07Second quarter 2025 earnings released: EPS: NT$0.43 (vs NT$0.58 in 2Q 2024)Second quarter 2025 results: EPS: NT$0.43 (down from NT$0.58 in 2Q 2024). Revenue: NT$1.02b (down 9.4% from 2Q 2024). Net income: NT$178.6m (down 26% from 2Q 2024). Profit margin: 18% (down from 22% in 2Q 2024). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 19% per year but the company’s share price has only fallen by 2% per year, which means it has not declined as severely as earnings.
Upcoming Dividend • Jul 14Upcoming dividend of NT$1.50 per shareEligible shareholders must have bought the stock before 21 July 2025. Payment date: 13 August 2025. Payout ratio is a comfortable 53% but the company is not cash flow positive. Trailing yield: 5.3%. Within top quartile of Taiwanese dividend payers (5.3%). Lower than average of industry peers (11%).
Declared Dividend • Jun 26Dividend reduced to NT$1.50Dividend of NT$1.50 is 6.3% lower than last year. Ex-date: 21st July 2025 Payment date: 13th August 2025 Dividend yield will be 5.3%, which is lower than the industry average of 32%. Sustainability & Growth Dividend is covered by earnings (53% 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 6.5% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 15% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover.
お知らせ • Jun 25Taiwan Navigation Co., Ltd. announces Annual dividend, payable on August 13, 2025Taiwan Navigation Co., Ltd. announced Annual dividend of TWD 1.5000 per share payable on August 13, 2025, ex-date on July 21, 2025 and record date on July 22, 2025.
Reported Earnings • May 01First quarter 2025 earnings released: EPS: NT$0.58 (vs NT$0.81 in 1Q 2024)First quarter 2025 results: EPS: NT$0.58 (down from NT$0.81 in 1Q 2024). Revenue: NT$1.02b (flat on 1Q 2024). Net income: NT$242.0m (down 28% from 1Q 2024). Profit margin: 24% (down from 33% in 1Q 2024). Over the last 3 years on average, earnings per share has fallen by 12% per year whereas the company’s share price has fallen by 10% per year.
お知らせ • Apr 23Taiwan Navigation Co., Ltd. to Report Q1, 2025 Results on Apr 30, 2025Taiwan Navigation Co., Ltd. announced that they will report Q1, 2025 results on Apr 30, 2025
Buy Or Sell Opportunity • Apr 09Now 20% undervalued after recent price dropOver the last 90 days, the stock has fallen 20% to NT$23.15. The fair value is estimated to be NT$28.95, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 8.9% over the last 3 years. Earnings per share has declined by 4.7%.
Valuation Update With 7 Day Price Move • Apr 08Investor sentiment deteriorates as stock falls 18%After last week's 18% share price decline to NT$25.30, the stock trades at a trailing P/E ratio of 8.2x. Average trailing P/E is 8x in the Shipping industry in Taiwan. Total loss to shareholders of 14% over the past three years.
お知らせ • Mar 25Taiwan Navigation Co., Ltd. Announces Dismissal of Peng, Wen-Hsun as Members of the Sustainable Development Committee on March 30, 2025Taiwan Navigation Co., Ltd. announced dismissal of Peng, Wen-Hsun as members of the Sustainable Development Committee. Reason for the change: Dismissal due to retirement from the company on March 30, 2025.
Reported Earnings • Mar 15Full year 2024 earnings released: EPS: NT$3.08 (vs NT$3.99 in FY 2023)Full year 2024 results: EPS: NT$3.08 (down from NT$3.99 in FY 2023). Revenue: NT$4.40b (up 10% from FY 2023). Net income: NT$1.28b (down 23% from FY 2023). Profit margin: 29% (down from 42% in FY 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 5% per year whereas the company’s share price has fallen by 3% per year.
お知らせ • Mar 10Taiwan Navigation Co., Ltd., Annual General Meeting, Jun 10, 2025Taiwan Navigation Co., Ltd., Annual General Meeting, Jun 10, 2025, at 09:00 Taipei Standard Time. Location: 4 floor no,2-1, sec.1 chi nan rd., taipei city Taiwan
お知らせ • Feb 28Taiwan Navigation Co., Ltd. to Report Fiscal Year 2024 Results on Mar 07, 2025Taiwan Navigation Co., Ltd. announced that they will report fiscal year 2024 results on Mar 07, 2025
Buy Or Sell Opportunity • Feb 14Now 20% overvaluedOver the last 90 days, the stock has fallen 5.4% to NT$30.95. The fair value is estimated to be NT$25.69, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 10% over the last 3 years. Earnings per share has grown by 3.6%.
Reported Earnings • Nov 18Third quarter 2024 earnings released: EPS: NT$0.96 (vs NT$2.65 in 3Q 2023)Third quarter 2024 results: EPS: NT$0.96 (down from NT$2.65 in 3Q 2023). Revenue: NT$1.15b (up 22% from 3Q 2023). Net income: NT$399.6m (down 64% from 3Q 2023). Profit margin: 35% (down from 116% in 3Q 2023). 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 4% per year, which means it is significantly lagging earnings.
お知らせ • Nov 05Taiwan Navigation Co., Ltd. to Report Q3, 2024 Results on Nov 12, 2024Taiwan Navigation Co., Ltd. announced that they will report Q3, 2024 results on Nov 12, 2024
Buy Or Sell Opportunity • Oct 16Now 21% overvaluedOver the last 90 days, the stock has fallen 12% to NT$32.05. The fair value is estimated to be NT$26.57, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 12% over the last 3 years. Earnings per share has grown by 16%.
Buy Or Sell Opportunity • Sep 24Now 21% overvaluedOver the last 90 days, the stock has fallen 16% to NT$32.15. The fair value is estimated to be NT$26.62, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 12% over the last 3 years. Earnings per share has grown by 16%.
Buy Or Sell Opportunity • Aug 28Now 20% overvaluedOver the last 90 days, the stock has fallen 15% to NT$31.90. The fair value is estimated to be NT$26.58, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 12% over the last 3 years. Earnings per share has grown by 16%.
Reported Earnings • Aug 17Second quarter 2024 earnings released: EPS: NT$0.58 (vs NT$0.40 in 2Q 2023)Second quarter 2024 results: EPS: NT$0.58 (up from NT$0.40 in 2Q 2023). Revenue: NT$1.13b (up 9.3% from 2Q 2023). Net income: NT$242.6m (up 46% from 2Q 2023). Profit margin: 22% (up from 16% in 2Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has fallen by 12% per year, which means it is significantly lagging earnings.
Buy Or Sell Opportunity • Aug 07Now 22% overvaluedOver the last 90 days, the stock has fallen 11% to NT$32.80. The fair value is estimated to be NT$26.84, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 15% over the last 3 years. Earnings per share has grown by 23%.
お知らせ • Jul 24Taiwan Navigation Co., Ltd. to Report Q2, 2024 Results on Aug 01, 2024Taiwan Navigation Co., Ltd. announced that they will report Q2, 2024 results on Aug 01, 2024
分析記事 • Jul 14Taiwan Navigation (TWSE:2617) Has Announced That Its Dividend Will Be Reduced To NT$1.60Taiwan Navigation Co., Ltd. ( TWSE:2617 ) is reducing its dividend from last year's comparable payment to NT$1.60 on...
Upcoming Dividend • Jul 12Upcoming dividend of NT$1.60 per shareEligible shareholders must have bought the stock before 19 July 2024. Payment date: 15 August 2024. Payout ratio is a comfortable 36% but the company is paying out more than the cash it is generating. Trailing yield: 4.3%. Within top quartile of Taiwanese dividend payers (4.2%). In line with average of industry peers (4.0%).
分析記事 • Jun 23Taiwan Navigation's (TWSE:2617) Dividend Will Be Reduced To NT$1.60Taiwan Navigation Co., Ltd. ( TWSE:2617 ) has announced that on 15th of August, it will be paying a dividend ofNT$1.60...
Declared Dividend • Jun 22Dividend reduced to NT$1.60Dividend of NT$1.60 is 27% lower than last year. Ex-date: 19th July 2024 Payment date: 15th August 2024 Dividend yield will be 4.2%, which is lower than the industry average of 32%. Sustainability & Growth Dividend is covered by earnings (36% earnings payout ratio) but not covered by cash flows (dividend approximately 5x free cash flows). 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 14% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover.
お知らせ • Jun 13+ 1 more updateTaiwan Navigation Co., Ltd. Appoints Members of the Audit Committee and Compensation CommitteeTaiwan Navigation Co., Ltd. announced newly appoint members of the Audit Committee and Compensation Committee. Name of the previous position holder: Wang,Chin-San; Lu,Shih-Tong; Lee,Shin-Min; Resume of the previous position holder: Wang,Chin-San - Independent Director of Taiwan Cement Corp.; Lu,Shih-Tong - Professor of Dept. of International Logistics and Transportation Management of Kainan University; Lee, Shin-Min - Independent Director of TNC; Name of the new position holder: Wang,Chin-San; Lu,Shih-Tong; Lin,Hung-Yu; Resume of the new position holder: Wang,Chin-San - Independent Director of Taiwan Cement Corp.; Lu,Shih-Tong - Professor of Dept. of International Logistics and Transportation Management of Kainan University; Lin,Hung-Yu - Deputy Director of Research Division II of TIER. Reason for the change: term expired; Effective date of the new member: June 11, 2024.
Reported Earnings • May 12First quarter 2024 earnings released: EPS: NT$0.81 (vs NT$0.34 in 1Q 2023)First quarter 2024 results: EPS: NT$0.81 (up from NT$0.34 in 1Q 2023). Revenue: NT$1.03b (up 9.8% from 1Q 2023). Net income: NT$337.1m (up 136% from 1Q 2023). Profit margin: 33% (up from 15% in 1Q 2023). The increase in margin was primarily driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 23% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth.
お知らせ • Apr 24Taiwan Navigation Co., Ltd. to Report Q1, 2024 Results on Apr 30, 2024Taiwan Navigation Co., Ltd. announced that they will report Q1, 2024 results on Apr 30, 2024
分析記事 • Mar 21Why Taiwan Navigation's (TWSE:2617) Shaky Earnings Are Just The Beginning Of Its ProblemsTaiwan Navigation Co., Ltd.'s ( TWSE:2617 ) recent weak earnings report didn't cause a big stock movement. Our analysis...
Reported Earnings • Mar 15Full year 2023 earnings released: EPS: NT$3.98 (vs NT$4.83 in FY 2022)Full year 2023 results: EPS: NT$3.98 (down from NT$4.83 in FY 2022). Revenue: NT$3.99b (up 3.0% from FY 2022). Net income: NT$1.66b (down 18% from FY 2022). Profit margin: 42% (down from 52% in FY 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 30% per year but the company’s share price has only increased by 15% per year, which means it is significantly lagging earnings growth.
お知らせ • Mar 12Taiwan Navigation Co., Ltd., Annual General Meeting, Jun 11, 2024Taiwan Navigation Co., Ltd., Annual General Meeting, Jun 11, 2024. Location: National Taiwan University Alumni Club, 4F, NO.2-1, Sec.1, Chi-nan Rd. Taipei, ROC Taipei Taiwan Agenda: To report the 2023 business; to review the 2023 audit committee review report; to consider 2023 directors' remuneration and employees' compensation; to consider 2023 business report and financial statements; to consider the proposal for distribution of 2023 profits.
お知らせ • Dec 21Taiwan Navigation Co., Ltd. Announces Executive Changes, Effective on January 1 2024Taiwan Navigation Co., Ltd. announced executive changes. Name, title, and resume of the previous position holder: Chen Chien-Chou, Executive Vice President. Name, title, and resume of the new position holder: Chiang Ko-Pei, Deputy General Manager of Financial Department. Effective date: January 1 2024.
Valuation Update With 7 Day Price Move • Dec 04Investor sentiment improves as stock rises 18%After last week's 18% share price gain to NT$35.35, the stock trades at a trailing P/E ratio of 8.1x. Average trailing P/E is 10x in the Shipping industry in Taiwan. Total returns to shareholders of 122% over the past three years.
New Risk • Nov 30New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 113% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Large one-off items impacting financial results.
Reported Earnings • Nov 09Third quarter 2023 earnings released: EPS: NT$2.65 (vs NT$0.75 in 3Q 2022)Third quarter 2023 results: EPS: NT$2.65 (up from NT$0.75 in 3Q 2022). Revenue: NT$948.8m (down 2.4% from 3Q 2022). Net income: NT$1.10b (up 254% from 3Q 2022). 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.
New Risk • Aug 10New major risk - Dividend sustainabilityThe dividend is not well covered by earnings and cash flows. Payout ratio: 90% Dividend per share is over 880x cash flows per share. Dividend yield: 8.2% This is considered a major risk. Companies that pay out too much of their earnings and cash flows are at risk of having to reduce or cut their dividend in future. If earnings or cash flows stagnate or fall, then there may not be enough to maintain the same dividend. Or in extreme cases, companies may opt to dig into capital reserves or take on debt to maintain the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risk Dividend is not well covered by earnings and cash flows. Payout ratio: 90% Dividend per share is over 880x cash flows per share. Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (25% net profit margin).
New Risk • Aug 06New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 26% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Minor Risks Dividend is not well covered by cash flows (dividend per share is over 880x cash flows per share). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (25% net profit margin).
Reported Earnings • Aug 05Second quarter 2023 earnings released: EPS: NT$0.40 (vs NT$2.54 in 2Q 2022)Second quarter 2023 results: EPS: NT$0.40 (down from NT$2.54 in 2Q 2022). Revenue: NT$1.03b (up 2.7% from 2Q 2022). Net income: NT$166.8m (down 84% from 2Q 2022). Profit margin: 16% (down from 106% in 2Q 2022). Over the last 3 years on average, earnings per share has increased by 43% per year but the company’s share price has only increased by 20% per year, which means it is significantly lagging earnings growth.
Upcoming Dividend • Jul 13Upcoming dividend of NT$2.20 per share at 7.2% yieldEligible shareholders must have bought the stock before 20 July 2023. Payment date: 17 August 2023. Payout ratio is a comfortable 46% but the company is not cash flow positive. Trailing yield: 7.2%. Within top quartile of Taiwanese dividend payers (5.5%). Lower than average of industry peers (38%).
お知らせ • Jun 16Taiwan Navigation Co., Ltd Announces Cash Dividend for the Year Ended December 31, 2022, Payable on August 17, 2023Taiwan Navigation Co., Ltd. at its shareholders meeting held on June 15, 2023 cash dividend to shareholders of TWD 2.2 per share for the year ended December 31, 2022. Total amount of cash distributed to shareholders is TWD 918,047,871. Ex-rights (ex-dividend) record date: July 27, 2023. Payment date of cash dividend distribution: August 17, 2023.
お知らせ • May 05Taiwan Navigation Co., Ltd. Proposes Cash Dividend for the Year Ended December 31, 2022Taiwan Navigation Co., Ltd. proposed cash dividend to shareholders of TWD 2.2 per share for the year ended December 31, 2022. Total amount of cash distributed to shareholders is TWD 918,047,871.
Reported Earnings • Mar 17Full year 2022 earnings released: EPS: NT$4.83 (vs NT$3.16 in FY 2021)Full year 2022 results: EPS: NT$4.83 (up from NT$3.16 in FY 2021). Revenue: NT$3.87b (up 20% from FY 2021). Net income: NT$2.02b (up 53% from FY 2021). Profit margin: 52% (up from 41% in FY 2021). The increase in margin was primarily driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 55% per year but the company’s share price has only increased by 37% per year, which means it is significantly lagging earnings growth.
Board Change • Nov 16Less than half of directors are independentThere are 5 new directors who have joined the board in the last 3 years. Of these new board members, 1 was an independent director. The company's board is composed of: 3 independent directors. 5 non-independent directors. Independent Director Shin-Min Lee was the last independent director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity.
Reported Earnings • Nov 10Third quarter 2022 earnings released: EPS: NT$0.75 (vs NT$1.15 in 3Q 2021)Third quarter 2022 results: EPS: NT$0.75 (down from NT$1.15 in 3Q 2021). Revenue: NT$972.2m (up 13% from 3Q 2021). Net income: NT$312.4m (down 35% from 3Q 2021). Profit margin: 32% (down from 56% in 3Q 2021). Over the last 3 years on average, earnings per share has increased by 52% per year but the company’s share price has only increased by 11% per year, which means it is significantly lagging earnings growth.
Buying Opportunity • Oct 31Now 20% undervalued after recent price dropOver the last 90 days, the stock is down 17%. The fair value is estimated to be NT$29.19, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 42%.
Buying Opportunity • Sep 28Now 25% undervalued after recent price dropOver the last 90 days, the stock is down 15%. The fair value is estimated to be NT$32.62, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 42%.
Buying Opportunity • Sep 02Now 20% undervalued after recent price dropOver the last 90 days, the stock is down 30%. The fair value is estimated to be NT$32.90, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 42%.
Reported Earnings • Aug 14Second quarter 2022 earnings released: EPS: NT$2.54 (vs NT$0.63 in 2Q 2021)Second quarter 2022 results: EPS: NT$2.54 (up from NT$0.63 in 2Q 2021). Revenue: NT$1.00b (up 24% from 2Q 2021). Net income: NT$1.06b (up 302% from 2Q 2021). Over the last 3 years on average, earnings per share has increased by 42% per year but the company’s share price has only increased by 12% per year, which means it is significantly lagging earnings growth.
Upcoming Dividend • Jul 07Upcoming dividend of NT$2.00 per shareEligible shareholders must have bought the stock before 14 July 2022. Payment date: 10 August 2022. Payout ratio is a comfortable 59% but the company is not cash flow positive. Trailing yield: 7.1%. Within top quartile of Taiwanese dividend payers (6.8%). Lower than average of industry peers (18%).
Buying Opportunity • Jul 01Now 22% undervalued after recent price dropOver the last 90 days, the stock is down 26%. The fair value is estimated to be NT$34.56, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 19%.
Valuation Update With 7 Day Price Move • Jun 20Investor sentiment deteriorated over the past weekAfter last week's 16% share price decline to NT$29.50, the stock trades at a trailing P/E ratio of 8.7x. Average trailing P/E is 8x in the Shipping industry in Taiwan. Total returns to shareholders of 71% over the past three years.
Reported Earnings • May 17First quarter 2022 earnings: EPS exceeds analyst expectations while revenues lag behindFirst quarter 2022 results: EPS: NT$0.59 (up from NT$0.37 in 1Q 2021). Revenue: NT$817.2m (up 25% from 1Q 2021). Net income: NT$244.5m (up 57% from 1Q 2021). Profit margin: 30% (up from 24% in 1Q 2021). Revenue missed analyst estimates by 3.3%. Earnings per share (EPS) exceeded analyst estimates by 2.1%. Over the last 3 years on average, earnings per share has increased by 19% per year whereas the company’s share price has increased by 21% per year.
お知らせ • Apr 28Taiwan Navigation Co., Ltd. Proposes Cash Dividends for the Year Ended December 31, 2021Taiwan Navigation Co., Ltd. proposed appropriations of earnings in cash dividends to shareholders of TWD 2.00 per share for the year ended December 31, 2021. Total amount of cash distributed to shareholders TWD 834,588,974.
Board Change • Apr 27Less 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 Director Shih-Tong Lu was the last independent director to join the board, commencing their role in 2018. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
Reported Earnings • Nov 10Third quarter 2021 earnings released: EPS NT$1.15 (vs NT$0.17 in 3Q 2020)The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: NT$859.4m (up 32% from 3Q 2020). Net income: NT$480.6m (up NT$408.5m from 3Q 2020). Profit margin: 56% (up from 11% in 3Q 2020). Over the last 3 years on average, earnings per share has fallen by 13% per year but the company’s share price has increased by 28% per year, which means it is well ahead of earnings.
Valuation Update With 7 Day Price Move • Sep 14Investor sentiment deteriorated over the past weekAfter last week's 16% share price decline to NT$44.75, the stock trades at a trailing P/E ratio of 28.3x. Average trailing P/E is 25x in the Shipping industry in Taiwan. Total returns to shareholders of 182% over the past three years.
Valuation Update With 7 Day Price Move • Aug 23Investor sentiment improved over the past weekAfter last week's 22% share price gain to NT$52.90, the stock trades at a trailing P/E ratio of 33.5x. Average trailing P/E is 26x in the Shipping industry in Taiwan. Total returns to shareholders of 218% over the past three years.
Reported Earnings • Aug 11Second quarter 2021 earnings released: EPS NT$0.63 (vs NT$0.26 in 2Q 2020)The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: NT$809.6m (up 40% from 2Q 2020). Net income: NT$261.9m (up 138% from 2Q 2020). Profit margin: 32% (up from 19% in 2Q 2020). Over the last 3 years on average, earnings per share has fallen by 23% per year but the company’s share price has increased by 30% per year, which means it is well ahead of earnings.
Valuation Update With 7 Day Price Move • Jul 21Investor sentiment deteriorated over the past weekAfter last week's 16% share price decline to NT$50.00, the stock trades at a trailing P/E ratio of 40.9x. Average trailing P/E is 36x in the Shipping industry in Taiwan. Total returns to shareholders of 197% over the past three years.
Upcoming Dividend • Jul 20Upcoming dividend of NT$0.90 per shareEligible shareholders must have bought the stock before 27 July 2021. Payment date: 18 August 2021. Trailing yield: 1.6%. Lower than top quartile of Taiwanese dividend payers (4.9%). Higher than average of industry peers (1.0%).
Valuation Update With 7 Day Price Move • Jul 04Investor sentiment improved over the past weekAfter last week's 27% share price gain to NT$73.80, the stock trades at a trailing P/E ratio of 60.4x. Average trailing P/E is 44x in the Shipping industry in Taiwan. Total returns to shareholders of 413% over the past three years.
Valuation Update With 7 Day Price Move • Jun 19Investor sentiment improved over the past weekAfter last week's 19% share price gain to NT$52.10, the stock trades at a trailing P/E ratio of 42.6x. Average trailing P/E is 33x in the Shipping industry in Taiwan. Total returns to shareholders of 263% over the past three years.
Valuation Update With 7 Day Price Move • Jun 01Investor sentiment improved over the past weekAfter last week's 17% share price gain to NT$42.00, the stock trades at a trailing P/E ratio of 34.4x. Average trailing P/E is 29x in the Shipping industry in Taiwan. Total returns to shareholders of 187% over the past three years.
Reported Earnings • May 16First quarter 2021 earnings released: EPS NT$0.37 (vs NT$0.39 in 1Q 2020)The company reported a soft first quarter result with weaker earnings and profit margins, although revenues improved. First quarter 2021 results: Revenue: NT$654.6m (up 3.9% from 1Q 2020). Net income: NT$155.8m (down 4.8% from 1Q 2020). Profit margin: 24% (down from 26% in 1Q 2020). Over the last 3 years on average, earnings per share has fallen by 19% per year but the company’s share price has increased by 26% per year, which means it is well ahead of earnings.
お知らせ • May 11Taiwan Navigation Co., Ltd. Announces Dividend for the Year 2020Taiwan Navigation Co., Ltd. announced dividend of TWD 0.90 per share for the year 2020.
Valuation Update With 7 Day Price Move • May 06Investor sentiment improved over the past weekAfter last week's 16% share price gain to NT$48.70, the stock trades at a trailing P/E ratio of 39.2x. Average trailing P/E is 31x in the Shipping industry in Taiwan. Total returns to shareholders of 226% over the past three years.
Valuation Update With 7 Day Price Move • Apr 16Investor sentiment improved over the past weekAfter last week's 16% share price gain to NT$27.50, the stock trades at a trailing P/E ratio of 22.1x. Average trailing P/E is 23x in the Shipping industry in Taiwan. Total returns to shareholders of 99% over the past three years.
分析記事 • Apr 14We Think Taiwan Navigation (TPE:2617) Is Taking Some Risk With Its DebtHoward Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...
Reported Earnings • Mar 23Full year 2020 earnings released: EPS NT$1.24 (vs NT$1.44 in FY 2019)The company reported a soft full year result with weaker earnings and revenues, although profit margins were improved. Full year 2020 results: Revenue: NT$2.49b (down 20% from FY 2019). Net income: NT$518.1m (down 14% from FY 2019). Profit margin: 21% (up from 19% in FY 2019). Over the last 3 years on average, earnings per share has fallen by 11% per year but the company’s share price has increased by 16% per year, which means it is well ahead of earnings.
Valuation Update With 7 Day Price Move • Mar 22Investor sentiment improved over the past weekAfter last week's 18% share price gain to NT$25.40, the stock trades at a trailing P/E ratio of 21.2x. Average trailing P/E is 22x in the Shipping industry in Taiwan. Total returns to shareholders of 96% over the past three years.
分析記事 • Mar 09Three Things You Should Check Before Buying Taiwan Navigation Co., Ltd. (TPE:2617) For Its DividendIs Taiwan Navigation Co., Ltd. ( TPE:2617 ) a good dividend stock? How can we tell? Dividend paying companies with...
Valuation Update With 7 Day Price Move • Feb 20Investor sentiment improved over the past weekAfter last week's 15% share price gain to NT$20.35, the stock is trading at a trailing P/E ratio of 16.9x, up from the previous P/E ratio of 14.7x. 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 53%.
分析記事 • Feb 16Did You Participate In Any Of Taiwan Navigation's (TPE:2617) Respectable 50% Return?It might be of some concern to shareholders to see the Taiwan Navigation Co., Ltd. ( TPE:2617 ) share price down 12% in...
分析記事 • Jan 29Can Taiwan Navigation (TPE:2617) Continue To Grow Its Returns On Capital?What are the early trends we should look for to identify a stock that could multiply in value over the long term...
分析記事 • Jan 11We're Not So Sure You Should Rely on Taiwan Navigation's (TPE:2617) Statutory EarningsAs a general rule, we think profitable companies are less risky than companies that lose money. That said, the current...
Is New 90 Day High Low • Jan 04New 90-day high: NT$22.15The company is up 28% from its price of NT$17.30 on 06 October 2020. The Taiwanese market is up 17% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Shipping industry, which is up 107% over the same period.
分析記事 • Dec 27Does Taiwan Navigation (TPE:2617) Have A Healthy Balance Sheet?Warren Buffett famously said, 'Volatility is far from synonymous with risk.' It's only natural to consider a company's...
Is New 90 Day High Low • Dec 18New 90-day high: NT$20.80The company is up 24% from its price of NT$16.80 on 18 September 2020. The Taiwanese market is up 10.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Shipping industry, which is up 62% over the same period.
分析記事 • Dec 09Taiwan Navigation Co., Ltd.'s (TPE:2617) Stock On An Uptrend: Could Fundamentals Be Driving The Momentum?Taiwan Navigation's (TPE:2617) stock is up by a considerable 23% over the past month. Given that stock prices are...
Is New 90 Day High Low • Nov 25New 90-day high: NT$17.90The company is up 5.0% from its price of NT$17.00 on 27 August 2020. The Taiwanese market is up 7.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Shipping industry, which is up 33% over the same period.
分析記事 • Nov 23Should Taiwan Navigation Co., Ltd. (TPE:2617) Be Part Of Your Dividend Portfolio?Could Taiwan Navigation Co., Ltd. (TPE:2617) be an attractive dividend share to own for the long haul? Investors are...
Reported Earnings • Nov 14Third quarter 2020 earnings released: EPS NT$0.17The company reported a poor third quarter result with weaker earnings, revenues and profit margins. Third quarter 2020 results: Revenue: NT$650.5m (down 21% from 3Q 2019). Net income: NT$72.1m (down 60% from 3Q 2019). Profit margin: 11% (down from 22% in 3Q 2019). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 4% per year whereas the company’s share price has increased by 3% per year.