T.S. Lines (2510) 주식 개요투자 지주 회사인 티에스 라인스 리미티드는 아시아 지역에서 컨테이너 및 관련 서비스를 제공하는 회사입니다. 자세히 보기2510 펀더멘털 분석스노우플레이크 점수가치 평가6/6미래 성장1/6과거 실적1/6재무 건전성6/6배당4/6강점공정 가치 추정치보다 낮은 56.1% 에서 거래수익은 매년 4.88% 증가할 것으로 예상됩니다.동종업계 및 업계 대비 좋은 가치로 거래분석가들은 주가가 47% 상승할 것이라는 데 동의합니다.위험 분석우리의 위험 점검에서 2510에 대한 위험이 감지되지 않았습니다.모든 위험 점검 보기2510 Community Fair Values Create NarrativeSee what others think this stock is worth. Follow their fair value or set your own to get alerts.Your Fair ValueHK$Current PriceHK$7.7115.1% 고평가 내재 할인율Growth estimate overAnnual revenue growth rate5 Yearstime period%/yrDecreaseIncreasePastFuture02b2016201920222025202620282031Revenue US$1.6bEarnings US$404.9mAdvancedSet Fair ValueView all narrativesT.S. Lines Limited 경쟁사Pacific Basin ShippingSymbol: SEHK:2343Market cap: HK$14.6bLC LogisticsSymbol: SEHK:2490Market cap: HK$3.0bOrient Overseas (International)Symbol: SEHK:316Market cap: HK$81.4bSeacon Shipping Group HoldingsSymbol: SEHK:2409Market cap: HK$2.2b가격 이력 및 성과T.S. Lines 주가의 최고가, 최저가 및 변동 요약과거 주가현재 주가HK$7.7152주 최고가HK$12.1652주 최저가HK$7.69베타01개월 변동-12.39%3개월 변동-15.46%1년 변동-23.21%3년 변동n/a5년 변동n/aIPO 이후 변동88.05%최근 뉴스 및 업데이트Upcoming Dividend • May 21Upcoming dividend of US$0.10 per shareEligible shareholders must have bought the stock before 28 May 2026. Payment date: 07 July 2026. Payout ratio is a comfortable 51% and this is well supported by cash flows. Trailing yield: 8.9%. Within top quartile of Hong Kong dividend payers (6.9%). Higher than average of industry peers (7.3%).Major Estimate Revision • Mar 27Consensus EPS estimates fall by 16%The consensus outlook for earnings per share (EPS) in fiscal year 2026 has deteriorated. 2026 revenue forecast decreased from US$1.36b to US$1.29b. EPS estimate also fell from US$0.227 per share to US$0.19 per share. Net income forecast to shrink 3.0% next year vs 8.7% decline forecast for Shipping industry in Hong Kong. Consensus price target broadly unchanged at HK$11.50. Share price fell 10% to HK$8.17 over the past week.Declared Dividend • Mar 25Dividend of US$0.10 announcedShareholders will receive a dividend of US$0.10. Ex-date: 28th May 2026 Payment date: 7th July 2026 Dividend yield will be 1.2%, which is lower than the industry average of 21%. Sustainability & Growth Dividend is covered by both earnings (51% earnings payout ratio) and cash flows (49% cash payout ratio). The company is yet to establish a track record of dividend growth or stability as it hasn't paid a regular dividend for at least 2 years. EPS is expected to grow by 19% over the next 2 years, which should provide support to the dividend and adequate earnings cover.Reported Earnings • Mar 22Full year 2025 earnings: EPS and revenues miss analyst expectationsFull year 2025 results: EPS: US$0.20 (down from US$0.25 in FY 2024). Revenue: US$1.28b (down 4.2% from FY 2024). Net income: US$328.9m (down 10% from FY 2024). Profit margin: 26% (down from 27% in FY 2024). The decrease in margin was driven by lower revenue. Revenue missed analyst estimates by 4.1%. Earnings per share (EPS) also missed analyst estimates by 12%. Revenue is forecast to grow 7.6% p.a. on average during the next 2 years, while revenues in the Shipping industry in Hong Kong are expected to remain flat.공시 • Mar 21T.S. Lines Limited, Annual General Meeting, May 21, 2026T.S. Lines Limited, Annual General Meeting, May 21, 2026.공시 • Mar 09T.S. Lines Limited to Report Fiscal Year 2025 Results on Mar 20, 2026T.S. Lines Limited announced that they will report fiscal year 2025 results on Mar 20, 2026더 많은 업데이트 보기Recent updatesUpcoming Dividend • May 21Upcoming dividend of US$0.10 per shareEligible shareholders must have bought the stock before 28 May 2026. Payment date: 07 July 2026. Payout ratio is a comfortable 51% and this is well supported by cash flows. Trailing yield: 8.9%. Within top quartile of Hong Kong dividend payers (6.9%). Higher than average of industry peers (7.3%).Major Estimate Revision • Mar 27Consensus EPS estimates fall by 16%The consensus outlook for earnings per share (EPS) in fiscal year 2026 has deteriorated. 2026 revenue forecast decreased from US$1.36b to US$1.29b. EPS estimate also fell from US$0.227 per share to US$0.19 per share. Net income forecast to shrink 3.0% next year vs 8.7% decline forecast for Shipping industry in Hong Kong. Consensus price target broadly unchanged at HK$11.50. Share price fell 10% to HK$8.17 over the past week.Declared Dividend • Mar 25Dividend of US$0.10 announcedShareholders will receive a dividend of US$0.10. Ex-date: 28th May 2026 Payment date: 7th July 2026 Dividend yield will be 1.2%, which is lower than the industry average of 21%. Sustainability & Growth Dividend is covered by both earnings (51% earnings payout ratio) and cash flows (49% cash payout ratio). The company is yet to establish a track record of dividend growth or stability as it hasn't paid a regular dividend for at least 2 years. EPS is expected to grow by 19% over the next 2 years, which should provide support to the dividend and adequate earnings cover.Reported Earnings • Mar 22Full year 2025 earnings: EPS and revenues miss analyst expectationsFull year 2025 results: EPS: US$0.20 (down from US$0.25 in FY 2024). Revenue: US$1.28b (down 4.2% from FY 2024). Net income: US$328.9m (down 10% from FY 2024). Profit margin: 26% (down from 27% in FY 2024). The decrease in margin was driven by lower revenue. Revenue missed analyst estimates by 4.1%. Earnings per share (EPS) also missed analyst estimates by 12%. Revenue is forecast to grow 7.6% p.a. on average during the next 2 years, while revenues in the Shipping industry in Hong Kong are expected to remain flat.공시 • Mar 21T.S. Lines Limited, Annual General Meeting, May 21, 2026T.S. Lines Limited, Annual General Meeting, May 21, 2026.공시 • Mar 09T.S. Lines Limited to Report Fiscal Year 2025 Results on Mar 20, 2026T.S. Lines Limited announced that they will report fiscal year 2025 results on Mar 20, 2026분석 기사 • Feb 03Some Investors May Be Worried About T.S. Lines' (HKG:2510) Returns On CapitalWhen we're researching a company, it's sometimes hard to find the warning signs, but there are some financial metrics...분석 기사 • Dec 22A Look At The Fair Value Of T.S. Lines Limited (HKG:2510)Key Insights The projected fair value for T.S. Lines is HK$9.29 based on 2 Stage Free Cash Flow to Equity T.S. Lines...Buy Or Sell Opportunity • Sep 18Now 22% undervalued after recent price dropOver the last 90 days, the stock has fallen 11% to HK$8.94. The fair value is estimated to be HK$11.49, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 30% over the last year. Earnings per share has grown by 136%. Revenue is forecast to grow by 2.2% in 2 years. Earnings are forecast to decline by 16% in the next 2 years.Valuation Update With 7 Day Price Move • Sep 01Investor sentiment deteriorates as stock falls 15%After last week's 15% share price decline to HK$8.69, the stock trades at a forward P/E ratio of 5x. Average forward P/E is 9x in the Shipping industry in Hong Kong. Simply Wall St's valuation model estimates the intrinsic value at HK$11.88 per share.New Risk • Aug 26New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 3.3% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 3.3% per year for the foreseeable future. Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (14% average weekly change).Reported Earnings • Aug 26First half 2025 earnings releasedFirst half 2025 results: EPS: US$0.11. Net income: US$188.7m (up US$188.7m from 1H 2024). Revenue is forecast to grow 5.0% p.a. on average during the next 3 years, compared to a 4.5% decline forecast for the Shipping industry in Hong Kong.분석 기사 • Aug 19An Intrinsic Calculation For T.S. Lines Limited (HKG:2510) Suggests It's 48% UndervaluedKey Insights The projected fair value for T.S. Lines is HK$19.23 based on 2 Stage Free Cash Flow to Equity T.S. Lines...공시 • Aug 07T.S. Lines Limited to Report Q2, 2025 Results on Aug 25, 2025T.S. Lines Limited announced that they will report Q2, 2025 results on Aug 25, 2025분석 기사 • Jul 02T.S. Lines Limited's (HKG:2510) Shares Leap 40% Yet They're Still Not Telling The Full StoryT.S. Lines Limited ( HKG:2510 ) shares have continued their recent momentum with a 40% gain in the last month alone...New Risk • Jun 20New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Hong Kong stocks, typically moving 16% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (16% average weekly change). High level of non-cash earnings (33% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Significant insider selling over the past 3 months (HK$4.2m sold).Valuation Update With 7 Day Price Move • Jun 20Investor sentiment improves as stock rises 33%After last week's 33% share price gain to HK$10.04, the stock trades at a forward P/E ratio of 6x. Average forward P/E is 8x in the Shipping industry in Hong Kong. Simply Wall St's valuation model estimates the intrinsic value at HK$19.46 per share.Recent Insider Transactions • Jun 05President & Executive Director recently bought HK$2.7m worth of stockOn the 2nd of June, Hung-Lin To bought around 412k shares on-market at roughly HK$6.49 per share. This transaction increased Hung-Lin's direct individual holding by 2x at the time of the trade. This was the largest purchase by an insider in the last 3 months. Hung-Lin has been a buyer over the last 12 months, purchasing a net total of HK$1.6m worth in shares.Major Estimate Revision • May 31Consensus revenue estimates increase by 17%The consensus outlook for revenues in fiscal year 2025 has improved. 2025 revenue forecast increased from US$1.21b to US$1.41b. EPS estimate increased from US$0.147 to US$0.199 per share. Net income forecast to shrink 9.5% next year vs 17% decline forecast for Shipping industry in Hong Kong. Consensus price target up from HK$7.40 to HK$9.75. Share price fell 9.4% to HK$7.21 over the past week.공시 • May 29T.S. Lines Limited Approves Final Dividend for the Year Ended December 31, 2024, Payable on July 9, 2025T.S. Lines Limited at its AGM held on May 29, 2025, approved a final dividend USD 0.11 per share of the Company for the year ended December 31, 2024 to Shareholders whose names appear on the register of members of the Company on June 9, 2025. The final dividend will be distributed on July 9, 2025.Recent Insider Transactions • May 17President & Executive Director recently sold HK$2.4m worth of stockOn the 13th of May, Hung-Lin To sold around 315k shares on-market at roughly HK$7.77 per share. This transaction amounted to 47% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Hung-Lin has been a net seller over the last 12 months, reducing personal holdings by HK$406k.Valuation Update With 7 Day Price Move • May 13Investor sentiment improves as stock rises 18%After last week's 18% share price gain to HK$7.49, the stock trades at a forward P/E ratio of 6x. Average forward P/E is 8x in the Shipping industry in Hong Kong.New Risk • May 06New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Hong Kong stocks, typically moving 11% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Earnings are forecast to decline by an average of 19% per year for the foreseeable future. High level of non-cash earnings (33% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (11% average weekly change).Major Estimate Revision • Apr 17Consensus EPS estimates increase by 29%The consensus outlook for earnings per share (EPS) in fiscal year 2025 has improved. 2025 revenue forecast increased from US$1.16b to US$1.21b. EPS estimate increased from US$0.114 to US$0.148 per share. Net income forecast to shrink 33% next year vs 33% decline forecast for Shipping industry in Hong Kong. Consensus price target down from HK$7.60 to HK$7.40. Share price rose 16% to HK$6.17 over the past week.Valuation Update With 7 Day Price Move • Apr 07Investor sentiment deteriorates as stock falls 19%After last week's 19% share price decline to HK$5.51, the stock trades at a forward P/E ratio of 6x. Average forward P/E is 6x in the Shipping industry in Hong Kong.Reported Earnings • Mar 30Full year 2024 earnings: EPS and revenues exceed analyst expectationsFull year 2024 results: EPS: US$0.25 (up from US$0.015 in FY 2023). Revenue: US$1.34b (up 53% from FY 2023). Net income: US$365.9m (up US$345.2m from FY 2023). Profit margin: 27% (up from 2.4% in FY 2023). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 7.3%. Earnings per share (EPS) also surpassed analyst estimates by 37%. Revenue is expected to fall by 7.7% p.a. on average during the next 2 years compared to a 3.4% decline forecast for the Shipping industry in Hong Kong.공시 • Mar 29T.S. Lines Limited, Annual General Meeting, May 29, 2025T.S. Lines Limited, Annual General Meeting, May 29, 2025.공시 • Mar 28T.S. Lines Limited Announces Appointment of Chen Shao-Hsiang as Vice ChairmanThe board (the "Board") of directors (the "Director(s)") of T.S. Lines Limited announced that Mr. Chen Shao-Hsiang ("Mr. James Chen"), has been further appointed as the vice chairman of the Board with effect from March 28, 2025, while continuing to serve concurrently as an executive Director and vice president of the Company. Mr. James Chen, aged 41, joined the Group as a Director and vice president on September 27, 2022 and was redesignated as an executive Director on April 25, 2023. Mr. James Chen is responsible for overseeing the Group's planning, marketing and marine department and formulating the Group 's medium to long term strategies and investments. He currently holds directorships in seven subsidiaries of the Group. Mr. James Chen has over 16 years of experience in the shipping industry. Prior to joining the Group, since July 2008, he successively served in various roles in TEH Shipping Lines Co. Ltd. ("TEH Shipping") in Taiwan with his last position as a vice president since July 2018. From July 2008 to June 2009, he served as an auditor for overseas agents of TEH Shipping, where he was primarily responsible for managing the auditing the overseas agencies. From July 2009 to July 2014, he served as a planning specialist in the planning department of TEH Shipping, where he was primarily responsible for service design and financial analysis and agency management. From July 2014 to July 2018, he served as a junior vice president and head of the planning department of TEH Shipping, where he was primarily responsible for strategic planning, service design, agency management and partners relations liaison. Since August 2008, he has also been serving as a director of T.S. Shipping Agency Co. Ltd. in Taiwan, where he is primarily responsible for overseeing the strategic development and management. Mr. James Chen obtained a bachelor's degree in management from London School of Economics & Political Science in the United Kingdom in July 2007. He also obtained a master's degree in energy, trade and finance from Bayes Business School of City, University of London (formerly known as Cass Business School of City, University of London) in the United Kingdom in October 2008.Valuation Update With 7 Day Price Move • Mar 14Investor sentiment improves as stock rises 18%After last week's 18% share price gain to HK$5.55, the stock trades at a forward P/E ratio of 4x. Average forward P/E is 5x in the Shipping industry in Hong Kong.공시 • Feb 28T.S. Lines Limited to Report Fiscal Year 2024 Results on Mar 28, 2025T.S. Lines Limited announced that they will report fiscal year 2024 results on Mar 28, 2025Recent Insider Transactions • Jan 29President & Executive Director recently bought HK$1.1m worth of stockOn the 23rd of January, Hung-Lin To bought around 267k shares on-market at roughly HK$4.26 per share. This transaction amounted to 54% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger purchase worth HK$1.2m. Hung-Lin has been a buyer over the last 12 months, purchasing a net total of HK$3.2m worth in shares.Recent Insider Transactions • Dec 13President & Executive Director recently bought HK$1.2m worth of stockOn the 10th of December, Hung-Lin To bought around 300k shares on-market at roughly HK$4.10 per share. This trade did not impact their existing holding. This was the largest purchase by an insider in the last 3 months. This was Hung-Lin's only on-market trade for the last 12 months.New Risk • Dec 11New major risk - Revenue and earnings growthRevenue has declined by 64% over the past year. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If revenues are declining, then it is difficult for the company to prevent its earnings from declining as well. A trend of falling revenue can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Shares are highly illiquid. Revenue has declined by 64% over the past year. High level of non-cash earnings (31% accrual ratio). Minor Risk Profit margins are more than 30% lower than last year (2.4% net profit margin).Valuation Update With 7 Day Price Move • Dec 02Investor sentiment improves as stock rises 17%After last week's 17% share price gain to HK$4.50, the stock trades at a trailing P/E ratio of 46.1x. Average trailing P/E is 8x in the Shipping industry in Hong Kong.공시 • Nov 29T.S. Lines Limited Provides Consolidated Earnings Guidance for the Ten Months Ended October 31, 2024 and for the Year Ending December 31, 2024T.S. Lines Limited provided consolidated earnings guidance for the ten months ended October 31, 2024. For the period, the group is expected to record a profit attributable to the equity shareholders of the Company of not less than USD 270.0 million, representing an increase of approximately 3700% as compared to the profit attributable to the equity shareholders of the Company of approximately USD 7.1 million for the corresponding period in 2023. As a result, the Board expects that the Group will record a significant increase in profit attributable to the equity shareholders of the Company for the year ending December 31, 2024 as compared to the corresponding amount of approximately USD 20.7 million for the year ended December 31, 2023. The significant increase in profit for the ten months ended October 31, 2024 was mainly due to higher freight rates mainly driven by the continued impacts on the supply from the Red Sea diversions; and increased shipping volume, partially attributable to the Group's increased shipping capacity.Board Change • Nov 04Less than half of directors are independentFollowing the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 5 non-independent directors. Independent Non-Executive Director Youn-Ger Wu was the last independent director to join the board, commencing their role in 2024. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.공시 • Nov 02T.S. Lines Limited has completed an IPO in the amount of HKD 1.048929 billion.T.S. Lines Limited has completed an IPO in the amount of HKD 1.048929 billion. Security Name: Ordinary Shares Security Type: Common Stock Securities Offered: 107,111,000 Price\Range: HKD 4.18 Discount Per Security: HKD 0.096976 Security Name: Ordinary Shares Security Type: Common Stock Securities Offered: 118,735,000 Price\Range: HKD 4.18 Discount Per Security: HKD 0.096976 Security Name: Ordinary Shares Security Type: Common Stock Securities Offered: 25,094,000 Price\Range: HKD 4.18 Discount Per Security: HKD 0.096976 Transaction Features: Regulation S; Rule 144A주주 수익률2510HK ShippingHK 시장7D-8.2%-5.7%-3.9%1Y-23.2%0.6%3.0%전체 주주 수익률 보기수익률 대 산업: 2510은 지난 1년 동안 0.6%의 수익을 기록한 Hong Kong Shipping 산업보다 저조한 성과를 냈습니다.수익률 대 시장: 2510은 지난 1년 동안 3%를 기록한 Hong Kong 시장보다 저조한 성과를 냈습니다.주가 변동성Is 2510's price volatile compared to industry and market?2510 volatility2510 Average Weekly Movement6.5%Shipping Industry Average Movement5.6%Market Average Movement7.5%10% most volatile stocks in HK Market16.0%10% least volatile stocks in HK Market3.6%안정적인 주가: 2510는 지난 3개월 동안 Hong Kong 시장에 비해 주가 변동성이 크지 않았습니다.시간에 따른 변동성: 2510의 주간 변동성(6%)은 지난 1년 동안 안정적이었습니다.회사 소개설립직원 수CEO웹사이트2001905James Chenwww.tslines.com투자 지주 회사인 티에스 라인은 아시아 지역에서 컨테이너 및 관련 서비스를 제공하는 회사입니다. 선박 용선 및 운송 대행 서비스를 제공합니다. 이 회사는 소유 선박과 용선 선박을 운영하고 있습니다.더 보기T.S. Lines Limited 기초 지표 요약T.S. Lines의 순이익과 매출은 시가총액과 어떻게 비교됩니까?2510 기초 통계시가총액HK$12.84b순이익 (TTM)HK$2.58b매출 (TTM)HK$10.07b5.0x주가수익비율(P/E)1.3x주가매출비율(P/S)2510는 고평가되어 있습니까?공정 가치 및 평가 분석 보기순이익 및 매출최근 실적 보고서(TTM)의 주요 수익성 지표2510 손익계산서 (TTM)매출US$1.28b매출원가US$1.03b총이익US$253.69m기타 비용-US$75.21m순이익US$328.90m최근 보고된 실적Dec 31, 2025다음 실적 발표일해당 없음주당순이익(EPS)0.20총이익률19.75%순이익률25.60%부채/자본 비율0%2510의 장기 실적은 어땠습니까?과거 실적 및 비교 보기배당10.2%현재 배당 수익률51%배당 성향2510는 안정적으로 배당을 지급합니까?2510 배당 기록 및 벤치마크 보기다가오는 배당을 받으려면 언제까지 2510를 매수해야 하나요?T.S. Lines 배당 일정배당락일May 28 2026배당 지급일Jul 07 2026배당락일까지 남은 일수25 days배당 지급일까지 남은 일수15 days2510는 안정적으로 배당을 지급합니까?2510 배당 기록 및 벤치마크 보기View Valuation기업 분석 및 재무 데이터 상태데이터최종 업데이트 (UTC 시간)기업 분석2026/06/20 21:27종가2026/06/18 00:00수익2025/12/31연간 수익2025/12/31데이터 소스당사의 기업 분석에 사용되는 데이터는 S&P Global Market Intelligence LLC에서 제공됩니다. 아래 데이터는 이 보고서를 생성하기 위해 분석 모델에서 사용됩니다. 데이터는 정규화되므로 소스가 제공된 후 지연이 발생할 수 있습니다.패키지데이터기간미국 소스 예시 *기업 재무제표10년손익계산서현금흐름표대차대조표SEC 양식 10-KSEC 양식 10-Q분석가 컨센서스 추정치+3년재무 예측분석가 목표주가분석가 리서치 보고서Blue Matrix시장 가격30년주가배당, 분할 및 기타 조치ICE 시장 데이터SEC 양식 S-1지분 구조10년주요 주주내부자 거래SEC 양식 4SEC 양식 13D경영진10년리더십 팀이사회SEC 양식 10-KSEC 양식 DEF 14A주요 개발10년회사 공시SEC 양식 8-K* 미국 증권에 대한 예시이며, 비(非)미국 증권에는 해당 국가의 규제 서식 및 자료원을 사용합니다.별도로 명시되지 않는 한 모든 재무 데이터는 연간 기간을 기준으로 하지만 분기별로 업데이트됩니다. 이를 TTM(최근 12개월) 또는 LTM(지난 12개월) 데이터라고 합니다. 자세히 알아보기.분석 모델 및 스노우플레이크이 보고서를 생성하는 데 사용된 분석 모델에 대한 세부 정보는 당사의 Github 페이지에서 확인하실 수 있으며, 보고서 활용 방법에 대한 가이드와 YouTube 튜토리얼도 제공하고 있습니다.Simply Wall St 분석 모델을 설계하고 구축한 세계적 수준의 팀에 대해 알아보세요.산업 및 섹터 지표산업 및 섹터 지표는 Simply Wall St가 6시간마다 계산하며, 프로세스에 대한 자세한 내용은 Github에서 확인할 수 있습니다.분석가 소스T.S. Lines Limited는 4명의 분석가가 다루고 있습니다. 이 중 3명의 분석가가 우리 보고서에 입력 데이터로 사용되는 매출 또는 수익 추정치를 제출했습니다. 분석가의 제출 자료는 하루 종일 업데이트됩니다.분석가기관Shimin HuCitic Securities Co., Ltd.Yu Yun LiJ.P. MorganHai YanSWS Research Co., Ltd.1명의 분석가 더 보기
Upcoming Dividend • May 21Upcoming dividend of US$0.10 per shareEligible shareholders must have bought the stock before 28 May 2026. Payment date: 07 July 2026. Payout ratio is a comfortable 51% and this is well supported by cash flows. Trailing yield: 8.9%. Within top quartile of Hong Kong dividend payers (6.9%). Higher than average of industry peers (7.3%).
Major Estimate Revision • Mar 27Consensus EPS estimates fall by 16%The consensus outlook for earnings per share (EPS) in fiscal year 2026 has deteriorated. 2026 revenue forecast decreased from US$1.36b to US$1.29b. EPS estimate also fell from US$0.227 per share to US$0.19 per share. Net income forecast to shrink 3.0% next year vs 8.7% decline forecast for Shipping industry in Hong Kong. Consensus price target broadly unchanged at HK$11.50. Share price fell 10% to HK$8.17 over the past week.
Declared Dividend • Mar 25Dividend of US$0.10 announcedShareholders will receive a dividend of US$0.10. Ex-date: 28th May 2026 Payment date: 7th July 2026 Dividend yield will be 1.2%, which is lower than the industry average of 21%. Sustainability & Growth Dividend is covered by both earnings (51% earnings payout ratio) and cash flows (49% cash payout ratio). The company is yet to establish a track record of dividend growth or stability as it hasn't paid a regular dividend for at least 2 years. EPS is expected to grow by 19% over the next 2 years, which should provide support to the dividend and adequate earnings cover.
Reported Earnings • Mar 22Full year 2025 earnings: EPS and revenues miss analyst expectationsFull year 2025 results: EPS: US$0.20 (down from US$0.25 in FY 2024). Revenue: US$1.28b (down 4.2% from FY 2024). Net income: US$328.9m (down 10% from FY 2024). Profit margin: 26% (down from 27% in FY 2024). The decrease in margin was driven by lower revenue. Revenue missed analyst estimates by 4.1%. Earnings per share (EPS) also missed analyst estimates by 12%. Revenue is forecast to grow 7.6% p.a. on average during the next 2 years, while revenues in the Shipping industry in Hong Kong are expected to remain flat.
공시 • Mar 21T.S. Lines Limited, Annual General Meeting, May 21, 2026T.S. Lines Limited, Annual General Meeting, May 21, 2026.
공시 • Mar 09T.S. Lines Limited to Report Fiscal Year 2025 Results on Mar 20, 2026T.S. Lines Limited announced that they will report fiscal year 2025 results on Mar 20, 2026
Upcoming Dividend • May 21Upcoming dividend of US$0.10 per shareEligible shareholders must have bought the stock before 28 May 2026. Payment date: 07 July 2026. Payout ratio is a comfortable 51% and this is well supported by cash flows. Trailing yield: 8.9%. Within top quartile of Hong Kong dividend payers (6.9%). Higher than average of industry peers (7.3%).
Major Estimate Revision • Mar 27Consensus EPS estimates fall by 16%The consensus outlook for earnings per share (EPS) in fiscal year 2026 has deteriorated. 2026 revenue forecast decreased from US$1.36b to US$1.29b. EPS estimate also fell from US$0.227 per share to US$0.19 per share. Net income forecast to shrink 3.0% next year vs 8.7% decline forecast for Shipping industry in Hong Kong. Consensus price target broadly unchanged at HK$11.50. Share price fell 10% to HK$8.17 over the past week.
Declared Dividend • Mar 25Dividend of US$0.10 announcedShareholders will receive a dividend of US$0.10. Ex-date: 28th May 2026 Payment date: 7th July 2026 Dividend yield will be 1.2%, which is lower than the industry average of 21%. Sustainability & Growth Dividend is covered by both earnings (51% earnings payout ratio) and cash flows (49% cash payout ratio). The company is yet to establish a track record of dividend growth or stability as it hasn't paid a regular dividend for at least 2 years. EPS is expected to grow by 19% over the next 2 years, which should provide support to the dividend and adequate earnings cover.
Reported Earnings • Mar 22Full year 2025 earnings: EPS and revenues miss analyst expectationsFull year 2025 results: EPS: US$0.20 (down from US$0.25 in FY 2024). Revenue: US$1.28b (down 4.2% from FY 2024). Net income: US$328.9m (down 10% from FY 2024). Profit margin: 26% (down from 27% in FY 2024). The decrease in margin was driven by lower revenue. Revenue missed analyst estimates by 4.1%. Earnings per share (EPS) also missed analyst estimates by 12%. Revenue is forecast to grow 7.6% p.a. on average during the next 2 years, while revenues in the Shipping industry in Hong Kong are expected to remain flat.
공시 • Mar 21T.S. Lines Limited, Annual General Meeting, May 21, 2026T.S. Lines Limited, Annual General Meeting, May 21, 2026.
공시 • Mar 09T.S. Lines Limited to Report Fiscal Year 2025 Results on Mar 20, 2026T.S. Lines Limited announced that they will report fiscal year 2025 results on Mar 20, 2026
분석 기사 • Feb 03Some Investors May Be Worried About T.S. Lines' (HKG:2510) Returns On CapitalWhen we're researching a company, it's sometimes hard to find the warning signs, but there are some financial metrics...
분석 기사 • Dec 22A Look At The Fair Value Of T.S. Lines Limited (HKG:2510)Key Insights The projected fair value for T.S. Lines is HK$9.29 based on 2 Stage Free Cash Flow to Equity T.S. Lines...
Buy Or Sell Opportunity • Sep 18Now 22% undervalued after recent price dropOver the last 90 days, the stock has fallen 11% to HK$8.94. The fair value is estimated to be HK$11.49, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 30% over the last year. Earnings per share has grown by 136%. Revenue is forecast to grow by 2.2% in 2 years. Earnings are forecast to decline by 16% in the next 2 years.
Valuation Update With 7 Day Price Move • Sep 01Investor sentiment deteriorates as stock falls 15%After last week's 15% share price decline to HK$8.69, the stock trades at a forward P/E ratio of 5x. Average forward P/E is 9x in the Shipping industry in Hong Kong. Simply Wall St's valuation model estimates the intrinsic value at HK$11.88 per share.
New Risk • Aug 26New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 3.3% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 3.3% per year for the foreseeable future. Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (14% average weekly change).
Reported Earnings • Aug 26First half 2025 earnings releasedFirst half 2025 results: EPS: US$0.11. Net income: US$188.7m (up US$188.7m from 1H 2024). Revenue is forecast to grow 5.0% p.a. on average during the next 3 years, compared to a 4.5% decline forecast for the Shipping industry in Hong Kong.
분석 기사 • Aug 19An Intrinsic Calculation For T.S. Lines Limited (HKG:2510) Suggests It's 48% UndervaluedKey Insights The projected fair value for T.S. Lines is HK$19.23 based on 2 Stage Free Cash Flow to Equity T.S. Lines...
공시 • Aug 07T.S. Lines Limited to Report Q2, 2025 Results on Aug 25, 2025T.S. Lines Limited announced that they will report Q2, 2025 results on Aug 25, 2025
분석 기사 • Jul 02T.S. Lines Limited's (HKG:2510) Shares Leap 40% Yet They're Still Not Telling The Full StoryT.S. Lines Limited ( HKG:2510 ) shares have continued their recent momentum with a 40% gain in the last month alone...
New Risk • Jun 20New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Hong Kong stocks, typically moving 16% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (16% average weekly change). High level of non-cash earnings (33% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Significant insider selling over the past 3 months (HK$4.2m sold).
Valuation Update With 7 Day Price Move • Jun 20Investor sentiment improves as stock rises 33%After last week's 33% share price gain to HK$10.04, the stock trades at a forward P/E ratio of 6x. Average forward P/E is 8x in the Shipping industry in Hong Kong. Simply Wall St's valuation model estimates the intrinsic value at HK$19.46 per share.
Recent Insider Transactions • Jun 05President & Executive Director recently bought HK$2.7m worth of stockOn the 2nd of June, Hung-Lin To bought around 412k shares on-market at roughly HK$6.49 per share. This transaction increased Hung-Lin's direct individual holding by 2x at the time of the trade. This was the largest purchase by an insider in the last 3 months. Hung-Lin has been a buyer over the last 12 months, purchasing a net total of HK$1.6m worth in shares.
Major Estimate Revision • May 31Consensus revenue estimates increase by 17%The consensus outlook for revenues in fiscal year 2025 has improved. 2025 revenue forecast increased from US$1.21b to US$1.41b. EPS estimate increased from US$0.147 to US$0.199 per share. Net income forecast to shrink 9.5% next year vs 17% decline forecast for Shipping industry in Hong Kong. Consensus price target up from HK$7.40 to HK$9.75. Share price fell 9.4% to HK$7.21 over the past week.
공시 • May 29T.S. Lines Limited Approves Final Dividend for the Year Ended December 31, 2024, Payable on July 9, 2025T.S. Lines Limited at its AGM held on May 29, 2025, approved a final dividend USD 0.11 per share of the Company for the year ended December 31, 2024 to Shareholders whose names appear on the register of members of the Company on June 9, 2025. The final dividend will be distributed on July 9, 2025.
Recent Insider Transactions • May 17President & Executive Director recently sold HK$2.4m worth of stockOn the 13th of May, Hung-Lin To sold around 315k shares on-market at roughly HK$7.77 per share. This transaction amounted to 47% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Hung-Lin has been a net seller over the last 12 months, reducing personal holdings by HK$406k.
Valuation Update With 7 Day Price Move • May 13Investor sentiment improves as stock rises 18%After last week's 18% share price gain to HK$7.49, the stock trades at a forward P/E ratio of 6x. Average forward P/E is 8x in the Shipping industry in Hong Kong.
New Risk • May 06New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Hong Kong stocks, typically moving 11% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Earnings are forecast to decline by an average of 19% per year for the foreseeable future. High level of non-cash earnings (33% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (11% average weekly change).
Major Estimate Revision • Apr 17Consensus EPS estimates increase by 29%The consensus outlook for earnings per share (EPS) in fiscal year 2025 has improved. 2025 revenue forecast increased from US$1.16b to US$1.21b. EPS estimate increased from US$0.114 to US$0.148 per share. Net income forecast to shrink 33% next year vs 33% decline forecast for Shipping industry in Hong Kong. Consensus price target down from HK$7.60 to HK$7.40. Share price rose 16% to HK$6.17 over the past week.
Valuation Update With 7 Day Price Move • Apr 07Investor sentiment deteriorates as stock falls 19%After last week's 19% share price decline to HK$5.51, the stock trades at a forward P/E ratio of 6x. Average forward P/E is 6x in the Shipping industry in Hong Kong.
Reported Earnings • Mar 30Full year 2024 earnings: EPS and revenues exceed analyst expectationsFull year 2024 results: EPS: US$0.25 (up from US$0.015 in FY 2023). Revenue: US$1.34b (up 53% from FY 2023). Net income: US$365.9m (up US$345.2m from FY 2023). Profit margin: 27% (up from 2.4% in FY 2023). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 7.3%. Earnings per share (EPS) also surpassed analyst estimates by 37%. Revenue is expected to fall by 7.7% p.a. on average during the next 2 years compared to a 3.4% decline forecast for the Shipping industry in Hong Kong.
공시 • Mar 29T.S. Lines Limited, Annual General Meeting, May 29, 2025T.S. Lines Limited, Annual General Meeting, May 29, 2025.
공시 • Mar 28T.S. Lines Limited Announces Appointment of Chen Shao-Hsiang as Vice ChairmanThe board (the "Board") of directors (the "Director(s)") of T.S. Lines Limited announced that Mr. Chen Shao-Hsiang ("Mr. James Chen"), has been further appointed as the vice chairman of the Board with effect from March 28, 2025, while continuing to serve concurrently as an executive Director and vice president of the Company. Mr. James Chen, aged 41, joined the Group as a Director and vice president on September 27, 2022 and was redesignated as an executive Director on April 25, 2023. Mr. James Chen is responsible for overseeing the Group's planning, marketing and marine department and formulating the Group 's medium to long term strategies and investments. He currently holds directorships in seven subsidiaries of the Group. Mr. James Chen has over 16 years of experience in the shipping industry. Prior to joining the Group, since July 2008, he successively served in various roles in TEH Shipping Lines Co. Ltd. ("TEH Shipping") in Taiwan with his last position as a vice president since July 2018. From July 2008 to June 2009, he served as an auditor for overseas agents of TEH Shipping, where he was primarily responsible for managing the auditing the overseas agencies. From July 2009 to July 2014, he served as a planning specialist in the planning department of TEH Shipping, where he was primarily responsible for service design and financial analysis and agency management. From July 2014 to July 2018, he served as a junior vice president and head of the planning department of TEH Shipping, where he was primarily responsible for strategic planning, service design, agency management and partners relations liaison. Since August 2008, he has also been serving as a director of T.S. Shipping Agency Co. Ltd. in Taiwan, where he is primarily responsible for overseeing the strategic development and management. Mr. James Chen obtained a bachelor's degree in management from London School of Economics & Political Science in the United Kingdom in July 2007. He also obtained a master's degree in energy, trade and finance from Bayes Business School of City, University of London (formerly known as Cass Business School of City, University of London) in the United Kingdom in October 2008.
Valuation Update With 7 Day Price Move • Mar 14Investor sentiment improves as stock rises 18%After last week's 18% share price gain to HK$5.55, the stock trades at a forward P/E ratio of 4x. Average forward P/E is 5x in the Shipping industry in Hong Kong.
공시 • Feb 28T.S. Lines Limited to Report Fiscal Year 2024 Results on Mar 28, 2025T.S. Lines Limited announced that they will report fiscal year 2024 results on Mar 28, 2025
Recent Insider Transactions • Jan 29President & Executive Director recently bought HK$1.1m worth of stockOn the 23rd of January, Hung-Lin To bought around 267k shares on-market at roughly HK$4.26 per share. This transaction amounted to 54% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger purchase worth HK$1.2m. Hung-Lin has been a buyer over the last 12 months, purchasing a net total of HK$3.2m worth in shares.
Recent Insider Transactions • Dec 13President & Executive Director recently bought HK$1.2m worth of stockOn the 10th of December, Hung-Lin To bought around 300k shares on-market at roughly HK$4.10 per share. This trade did not impact their existing holding. This was the largest purchase by an insider in the last 3 months. This was Hung-Lin's only on-market trade for the last 12 months.
New Risk • Dec 11New major risk - Revenue and earnings growthRevenue has declined by 64% over the past year. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If revenues are declining, then it is difficult for the company to prevent its earnings from declining as well. A trend of falling revenue can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Shares are highly illiquid. Revenue has declined by 64% over the past year. High level of non-cash earnings (31% accrual ratio). Minor Risk Profit margins are more than 30% lower than last year (2.4% net profit margin).
Valuation Update With 7 Day Price Move • Dec 02Investor sentiment improves as stock rises 17%After last week's 17% share price gain to HK$4.50, the stock trades at a trailing P/E ratio of 46.1x. Average trailing P/E is 8x in the Shipping industry in Hong Kong.
공시 • Nov 29T.S. Lines Limited Provides Consolidated Earnings Guidance for the Ten Months Ended October 31, 2024 and for the Year Ending December 31, 2024T.S. Lines Limited provided consolidated earnings guidance for the ten months ended October 31, 2024. For the period, the group is expected to record a profit attributable to the equity shareholders of the Company of not less than USD 270.0 million, representing an increase of approximately 3700% as compared to the profit attributable to the equity shareholders of the Company of approximately USD 7.1 million for the corresponding period in 2023. As a result, the Board expects that the Group will record a significant increase in profit attributable to the equity shareholders of the Company for the year ending December 31, 2024 as compared to the corresponding amount of approximately USD 20.7 million for the year ended December 31, 2023. The significant increase in profit for the ten months ended October 31, 2024 was mainly due to higher freight rates mainly driven by the continued impacts on the supply from the Red Sea diversions; and increased shipping volume, partially attributable to the Group's increased shipping capacity.
Board Change • Nov 04Less than half of directors are independentFollowing the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 5 non-independent directors. Independent Non-Executive Director Youn-Ger Wu was the last independent director to join the board, commencing their role in 2024. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
공시 • Nov 02T.S. Lines Limited has completed an IPO in the amount of HKD 1.048929 billion.T.S. Lines Limited has completed an IPO in the amount of HKD 1.048929 billion. Security Name: Ordinary Shares Security Type: Common Stock Securities Offered: 107,111,000 Price\Range: HKD 4.18 Discount Per Security: HKD 0.096976 Security Name: Ordinary Shares Security Type: Common Stock Securities Offered: 118,735,000 Price\Range: HKD 4.18 Discount Per Security: HKD 0.096976 Security Name: Ordinary Shares Security Type: Common Stock Securities Offered: 25,094,000 Price\Range: HKD 4.18 Discount Per Security: HKD 0.096976 Transaction Features: Regulation S; Rule 144A
