Shuttle Inc.

TWSE:2405 Stock Report

Market Cap: NT$6.0b

Shuttle Management

Management criteria checks 2/4

Shuttle's CEO is Wei-Hsun Cheng, appointed in Nov 2019, has a tenure of 6.67 years. directly owns 1.34% of the company’s shares, worth NT$80.59M. The average tenure of the management team and the board of directors is 1.9 years and 8.1 years respectively.

Key information

Wei-Hsun Cheng

Chief executive officer

n/a

Total compensation

CEO salary percentagen/a
CEO tenure6.7yrs
CEO ownership1.3%
Management average tenure1.9yrs
Board average tenure8.1yrs

Recent management updates

Recent updates

Analysis Article • Oct 25

Risks To Shareholder Returns Are Elevated At These Prices For Shuttle Inc. (TWSE:2405)

Shuttle Inc.'s ( TWSE:2405 ) price-to-sales (or "P/S") ratio of 4.2x may look like a poor investment opportunity when...
Analysis Article • Jul 14

Shuttle Inc. (TWSE:2405) Stock Rockets 32% As Investors Are Less Pessimistic Than Expected

Shuttle Inc. ( TWSE:2405 ) shareholders have had their patience rewarded with a 32% share price jump in the last month...
Analysis Article • Jul 03

Is Shuttle (TWSE:2405) A Risky Investment?

The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...
Analysis Article • May 29

Shuttle Inc.'s (TWSE:2405) 29% Price Boost Is Out Of Tune With Revenues

Shuttle Inc. ( TWSE:2405 ) shares have had a really impressive month, gaining 29% after a shaky period beforehand...
Analysis Article • May 21

We Think You Can Look Beyond Shuttle's (TWSE:2405) Lackluster Earnings

Shareholders appeared unconcerned with Shuttle Inc.'s ( TWSE:2405 ) lackluster earnings report last week. We did some...
Analysis Article • Mar 21

Risks To Shareholder Returns Are Elevated At These Prices For Shuttle Inc. (TWSE:2405)

When you see that almost half of the companies in the Tech industry in Taiwan have price-to-sales ratios (or "P/S...
Analysis Article • Mar 23

Why Shuttle's (TPE:2405) Earnings Are Better Than They Seem

Shareholders appeared to be happy with Shuttle Inc.'s ( TPE:2405 ) solid earnings report last week. According to our...
Analysis Article • Mar 18

Shuttle Inc.'s (TPE:2405) Stock Has Seen Strong Momentum: Does That Call For Deeper Study Of Its Financial Prospects?

Shuttle's (TPE:2405) stock is up by a considerable 8.4% over the past month. We wonder if and what role the company's...
Analysis Article • Jan 25

Will the Promising Trends At Shuttle (TPE:2405) Continue?

Finding a business that has the potential to grow substantially is not easy, but it is possible if we look at a few key...
Analysis Article • Dec 04

Reflecting on Shuttle's (TPE:2405) Share Price Returns Over The Last Three Years

Shuttle Inc. ( TPE:2405 ) shareholders should be happy to see the share price up 11% in the last month. But that...

CEO Compensation Analysis

How has Wei-Hsun Cheng's remuneration changed compared to Shuttle's earnings?
DateTotal CompensationSalaryCompany Earnings
Mar 31 2026n/an/a

-NT$72m

Dec 31 2025n/an/a

-NT$69m

Sep 30 2025n/an/a

-NT$58m

Jun 30 2025n/an/a

-NT$64m

Mar 31 2025n/an/a

-NT$7m

Dec 31 2024NT$5mNT$4m

NT$11m

Sep 30 2024n/an/a

NT$14m

Jun 30 2024n/an/a

NT$31m

Mar 31 2024n/an/a

NT$42m

Dec 31 2023NT$7mNT$7m

NT$12m

Sep 30 2023n/an/a

-NT$10m

Jun 30 2023n/an/a

NT$19m

Mar 31 2023n/an/a

NT$44m

Dec 31 2022n/an/a

NT$55m

Sep 30 2022n/an/a

NT$256m

Jun 30 2022n/an/a

NT$234m

Mar 31 2022n/an/a

NT$198m

Dec 31 2021n/an/a

NT$196m

Sep 30 2021n/an/a

NT$100m

Jun 30 2021n/an/a

NT$89m

Mar 31 2021n/an/a

NT$103m

Dec 31 2020NT$5mNT$5m

NT$58m

Compensation vs Market: Insufficient data to establish whether Wei-Hsun's total compensation is reasonable compared to companies of similar size in the TW market.

Compensation vs Earnings: Wei-Hsun's compensation has been consistent with company performance over the past year.

CEO

Wei-Hsun Cheng

6.7yrs
Tenure
NT$4,989,000
Compensation

Mr. Wei-Hsun Cheng has been General Manager and Director of Shuttle Inc. since November 05, 2019 and July 29, 2019 respectively and served as its Vice President. He serves as Chairman of the Board of Direc...

Leadership Team

NamePositionTenureCompensationOwnership
Wei-Hsun Cheng
GM & Director6.7yrsNT$4.99m1.34%
NT$ 80.6m
Cha-Yi Lin
Financial Officer1.9yrsno datano data
Mei-Na Liu
Chief Accounting Officer7.9yrsno datano data
Chung-Yuan Huang
Vice President1.9yrsno datano data
Chao-Tang Yang
Vice President1.9yrsno datano data
1.9yrs
Average Tenure

Experienced Management: 2405's management team is not considered experienced ( 1.9 years average tenure), which suggests a new team.

Board Members

NamePositionTenureCompensationOwnership
Wei-Hsun Cheng
GM & Director7yrsNT$4.99m1.34%
NT$ 80.6m
Li-Na Yu
Chairman10.9yrsNT$6.13m4.85%
NT$ 292.1m
Yi-Ta Li
Representative Director11.6yrsNT$501.00kno data
Yi-Chen Liu
Representative Director12.1yrsNT$501.00kno data
Yu-Sheng Wang
Independent Director8.1yrsNT$516.00kno data
Chin-Ju Li
Independent Director8.1yrsNT$516.00kno data
Ying Cheng
Independent Director3.1yrsNT$501.00kno data
Tse-Tsung Lin
Independent Director2.5yrsNT$307.00kno data
8.1yrs
Average Tenure

Experienced Board: 2405's board of directors are considered experienced (8.1 years average tenure).

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/07/05 22:12
End of Day Share Price 2026/07/03 00:00
Earnings2026/03/31
Annual Earnings2025/12/31

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.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* 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.

Analysis Model and Snowflake

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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 Github.

Analyst Sources

Shuttle Inc. is covered by 2 analysts. 0 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Shangzhi WangCapital Securities Corporation
Jimmy ChenMasterlink Securities Investment Advisory