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5609

Dimerco Express TPEX:5609 Stock Report

Last Price

NT$73.90

Market Cap

NT$10.1b

7D

-0.8%

1Y

-25.8%

Updated

07 Aug, 2022

Data

Company Financials
5609 fundamental analysis
Snowflake Score
Valuation4/6
Future Growth0/6
Past Performance6/6
Financial Health6/6
Dividends4/6

5609 Stock Overview

Dimerco Express Corporation, together with its subsidiaries, engages in the international transportation and logistics business.

Dimerco Express Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Dimerco Express
Historical stock prices
Current Share PriceNT$73.90
52 Week HighNT$115.50
52 Week LowNT$66.50
Beta0.91
1 Month Change2.64%
3 Month Change-30.28%
1 Year Change-25.76%
3 Year Change272.08%
5 Year Change280.06%
Change since IPO927.96%

Recent News & Updates

Shareholder Returns

5609TW LogisticsTW Market
7D-0.8%2.2%0.1%
1Y-25.8%-27.9%-14.4%

Return vs Industry: 5609 exceeded the TW Logistics industry which returned -27.9% over the past year.

Return vs Market: 5609 underperformed the TW Market which returned -14.4% over the past year.

Price Volatility

Is 5609's price volatile compared to industry and market?
5609 volatility
5609 Average Weekly Movement6.6%
Logistics Industry Average Movement5.4%
Market Average Movement5.1%
10% most volatile stocks in TW Market8.4%
10% least volatile stocks in TW Market2.5%

Stable Share Price: 5609 is not significantly more volatile than the rest of TW stocks over the past 3 months, typically moving +/- 7% a week.

Volatility Over Time: 5609's weekly volatility (7%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
1971n/aEdward Linhttps://dimerco.com

Dimerco Express Corporation, together with its subsidiaries, engages in the international transportation and logistics business. It operates through three segments: Asia Department, Americas Department, and Europe Department. The company offers air freight services, including consolidated, standard, and expedited and next flight out, as well as charter services; ocean freight services, such as buyer’s consolidation, cross-dock, project logistics, and EDI/API support for rapid data integration services; road and rail services; and multimodal transport, including sea/air freight, air/sea freight, and cross-border road freight services.

Dimerco Express Fundamentals Summary

How do Dimerco Express's earnings and revenue compare to its market cap?
5609 fundamental statistics
Market CapNT$10.06b
Earnings (TTM)NT$2.63b
Revenue (TTM)NT$43.39b

3.8x

P/E Ratio

0.2x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
5609 income statement (TTM)
RevenueNT$43.39b
Cost of RevenueNT$36.95b
Gross ProfitNT$6.44b
Other ExpensesNT$3.81b
EarningsNT$2.63b

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

n/a

Earnings per share (EPS)19.31
Gross Margin14.84%
Net Profit Margin6.06%
Debt/Equity Ratio16.8%

How did 5609 perform over the long term?

See historical performance and comparison

Dividends

13.8%

Current Dividend Yield

53%

Payout Ratio
We’ve recently updated our valuation analysis.

Valuation

Is 5609 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

4/6

Valuation Score 4/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • Analyst Forecast

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 5609?

Other financial metrics that can be useful for relative valuation.

5609 key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue0.1x
Enterprise Value/EBITDA2x
PEG Ration/a

Price to Earnings Ratio vs Peers

How does 5609's PE Ratio compare to its peers?

5609 PE Ratio vs Peers
The above table shows the PE ratio for 5609 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average14.6x
2636 T3EX Global Holdings
3.2xn/aNT$12.2b
5607 Farglory Free Trade Zone Investment Holding
18.1xn/aNT$12.7b
2642 Taiwan Pelican Express
22.9xn/aNT$4.9b
2608 Kerry TJ Logistics
14.3xn/aNT$19.7b
5609 Dimerco Express
3.8xn/aNT$10.1b

Price-To-Earnings vs Peers: 5609 is good value based on its Price-To-Earnings Ratio (3.8x) compared to the peer average (14.6x).


Price to Earnings Ratio vs Industry

How does 5609's PE Ratio compare vs other companies in the Asian Logistics Industry?

Price-To-Earnings vs Industry: 5609 is good value based on its Price-To-Earnings Ratio (3.8x) compared to the TW Logistics industry average (6.6x)


Price to Earnings Ratio vs Fair Ratio

What is 5609'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.

5609 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio3.8x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate 5609's Price-To-Earnings Fair Ratio for valuation analysis.


Share Price vs Fair Value

What is the Fair Price of 5609 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 5609 (NT$73.9) is trading below our estimate of fair value (NT$955.9)

Significantly Below Fair Value: 5609 is trading below fair value by more than 20%.


Analyst Price Targets

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

Analyst Forecast: Insufficient data to show price forecast.


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Future Growth

How is Dimerco Express forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

Future Growth Score

0/6

Future Growth Score 0/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


23.8%

Forecasted Transportation industry annual growth in earnings

In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Dimerco Express has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


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  • Examine whether Dimerco Express is trading at an attractive price based on how much it is expected to earn in the future, and relative to its industry peers and the wider market.

Past Performance

How has Dimerco Express performed over the past 5 years?

Past Performance Score

6/6

Past Performance Score 6/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


53.9%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: 5609 has high quality earnings.

Growing Profit Margin: 5609's current net profit margins (6.1%) are higher than last year (5%).


Past Earnings Growth Analysis

Earnings Trend: 5609's earnings have grown significantly by 53.9% per year over the past 5 years.

Accelerating Growth: 5609's earnings growth over the past year (104%) exceeds its 5-year average (53.9% per year).

Earnings vs Industry: 5609 earnings growth over the past year (104%) exceeded the Logistics industry 45%.


Return on Equity

High ROE: 5609's Return on Equity (68.7%) is considered outstanding.


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Financial Health

How is Dimerco Express's financial position?

Financial Health Score

6/6

Financial Health Score 6/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: 5609's short term assets (NT$9.2B) exceed its short term liabilities (NT$6.4B).

Long Term Liabilities: 5609's short term assets (NT$9.2B) exceed its long term liabilities (NT$213.7M).


Debt to Equity History and Analysis

Debt Level: 5609 has more cash than its total debt.

Reducing Debt: 5609's debt to equity ratio has reduced from 30.8% to 16.8% over the past 5 years.

Debt Coverage: 5609's debt is well covered by operating cash flow (434.1%).

Interest Coverage: 5609's interest payments on its debt are well covered by EBIT (514x coverage).


Balance Sheet


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Dividend

What is Dimerco Express's current dividend yield, its reliability and sustainability?

Dividend Score

4/6

Dividend Score 4/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Cash Flow Coverage


13.80%

Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: 5609's dividend (13.8%) is higher than the bottom 25% of dividend payers in the TW market (2.55%).

High Dividend: 5609's dividend (13.8%) is in the top 25% of dividend payers in the TW market (6.64%)


Stability and Growth of Payments

Stable Dividend: 5609 has been paying a dividend for less than 10 years and during this time payments have been volatile.

Growing Dividend: 5609's dividend payments have increased, but the company has only paid a dividend for 9 years.


Earnings Payout to Shareholders

Earnings Coverage: With its reasonable payout ratio (52.8%), 5609's dividend payments are covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: With its reasonably low cash payout ratio (49%), 5609's dividend payments are well covered by cash flows.


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Management

How experienced are the management team and are they aligned to shareholders interests?

2.8yrs

Average management tenure


CEO

Edward Lin

no data

Tenure

Mr. Tien-Song Lin, also known as Edward, serves as the Chief Executive Officer of Dimerco Express Corporation and has been its Director since June 26, 2009. Mr. Lin served as the Chief Operating Officer at...


Leadership Team

Experienced Management: 5609's management team is considered experienced (2.8 years average tenure).


Board Members

Experienced Board: 5609's board of directors are seasoned and experienced ( 10.2 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Dimerco Express Corporation's employee growth, exchange listings and data sources


Key Information

  • Name: Dimerco Express Corporation
  • Ticker: 5609
  • Exchange: TPEX
  • Founded: 1971
  • Industry: Air Freight and Logistics
  • Sector: Transportation
  • Implied Market Cap: NT$10.056b
  • Shares outstanding: 136.08m
  • Website: https://dimerco.com

Location

  • Dimerco Express Corporation
  • No. 160, Min Chuan East Road
  • 11/12th Floor
  • Taipei
  • Taiwan

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/08/07 00:00
End of Day Share Price2022/08/05 00:00
Earnings2022/03/31
Annual Earnings2021/12/31


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.