How does 2510's PE Ratio compare to its peers?

2510 is expensive based on its Price-To-Earnings Ratio (43.1x) compared to the peer average (10x).

How does 2510's PE Ratio compare vs other companies in the Asian Shipping Industry?

2510 is expensive based on its Price-To-Earnings Ratio (43.1x) compared to the Asian Shipping industry average (9.3x).

What is 2510's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

Insufficient data to calculate 2510's Price-To-Earnings Fair Ratio for valuation analysis.

What is the Fair Price of 2510 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

2510 (HK$4.2) is trading below our estimate of [[fair value]] (HK$51.56)

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Insufficient data to show price forecast.

2510 Stock Overview

An investment holding company, provides container shipping and related services in the Asia Pacific. More details

2510 fundamental analysis
Snowflake Score
Valuation	2/6
Future Growth	1/6
Past Performance	0/6
Financial Health	6/6
Dividends	0/6

Rewards

Trading at 91.9% below our estimate of its fair value

Earnings are forecast to grow 10.92% per year

Risk Analysis

High level of non-cash earnings

Profit margins (2.4%) are lower than last year (44%)

My Notes

Capture your thoughts, links and company narrative

T.S. Lines Limited Competitors

Pacific Basin Shipping

SEHK:2343

HK$8.8b

Seacon Shipping Group Holdings

SEHK:2409

HK$2.2b

SITC International Holdings

SEHK:1308

HK$55.4b

Chu Kong Shipping Enterprises (Group)

SEHK:560

HK$852.1m

Price History & Performance

Summary of share price highs, lows and changes for T.S. Lines
Historical stock prices
Current Share Price	HK$4.20
52 Week High	HK$4.80
52 Week Low	HK$3.80
Beta	0
1 Month Change	8.81%
3 Month Change	n/a
1 Year Change	n/a
3 Year Change	n/a
5 Year Change	n/a
Change since IPO	2.44%

Recent updates

Shareholder Returns

	2510	HK Shipping	HK Market
7D	1.0%	4.1%	2.3%
1Y	n/a	38.3%	22.4%

Return vs Industry: Insufficient data to determine how 2510 performed against the Hong Kong Shipping industry.

Return vs Market: Insufficient data to determine how 2510 performed against the Hong Kong Market.

Price Volatility

Is 2510's price volatile compared to industry and market?
2510 volatility
2510 Average Weekly Movement	6.5%
Shipping Industry Average Movement	6.6%
Market Average Movement	8.8%
10% most volatile stocks in HK Market	18.5%
10% least volatile stocks in HK Market	4.0%

Stable Share Price: 2510 has not had significant price volatility in the past 3 months compared to the Hong Kong market.

Volatility Over Time: Insufficient data to determine 2510's volatility change over the past year.

About the Company

Founded	Employees	CEO	Website
2001	n/a	Teh-Sheng Chen	www.tslines.com

T.S. Lines Limited, an investment holding company, provides container shipping and related services in the Asia Pacific. It offers vessel chartering and shipping agency services. The company operates a fleet of vessels comprising owned vessels and chartered-in vessels.

T.S. Lines Limited Fundamentals Summary

How do T.S. Lines's earnings and revenue compare to its market cap?
2510 fundamental statistics
Market cap	HK$6.93b
Earnings (TTM)	HK$160.86m
Revenue (TTM)	HK$6.79b

43.1x

P/E Ratio

1.0x

P/S Ratio

Is 2510 overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
2510 income statement (TTM)
Revenue	US$874.60m
Cost of Revenue	US$908.39m
Gross Profit	-US$33.79m
Other Expenses	-US$54.50m
Earnings	US$20.71m

Last Reported Earnings

Dec 31, 2023

Next Earnings Date

n/a

Earnings per share (EPS)	0.013
Gross Margin	-3.86%
Net Profit Margin	2.37%
Debt/Equity Ratio	0%

How did 2510 perform over the long term?

See historical performance and comparison

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2024/12/25 14:18
End of Day Share Price	2024/12/24 00:00
Earnings	2023/12/31
Annual Earnings	2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

T.S. Lines Limited is covered by 1 analysts. 1 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
Yu Yun Li	J.P. Morgan