TWSE:2615

Stock Analysis Report

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Market Cap

NT$532.4b

Last Updated

2021/07/25 09:16 UTC

Data Sources

Company Financials +

Executive Summary

Wan Hai Lines Ltd. engages in the marine transportation business in Asia, the Middle East, India, the United States, South America, and Red Sea. More Details


Snowflake Analysis

Excellent balance sheet with solid track record.


Similar Companies

Share Price & News

How has Wan Hai Lines's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: 2615 is more volatile than 90% of TW stocks over the past 3 months, typically moving +/- 16% a week.

Volatility Over Time: 2615's weekly volatility (16%) has been stable over the past year, but is still higher than 75% of TW stocks.


Market Performance


7 Day Return

-16.1%

2615

-16.2%

TW Shipping

-1.7%

TW Market


1 Year Return

1,271.4%

2615

1,009.1%

TW Shipping

42.3%

TW Market

Return vs Industry: 2615 exceeded the TW Shipping industry which returned 1009.1% over the past year.

Return vs Market: 2615 exceeded the TW Market which returned 42.3% over the past year.


Shareholder returns

2615IndustryMarket
7 Day-16.1%-16.2%-1.7%
30 Day-12.1%-2.4%1.3%
90 Day166.1%123.7%2.0%
1 Year1,322.9%1,271.4%1,022.2%1,009.1%45.3%42.3%
3 Year1,429.9%1,328.6%872.8%819.6%73.3%56.7%
5 Year1,536.4%1,354.5%868.5%794.4%131.1%93.5%

Long-Term Price Volatility Vs. Market

How volatile is Wan Hai Lines's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Wan Hai Lines undervalued compared to its fair value and its price relative to the market?

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: 2615 (NT$240) is trading below our estimate of fair value (NT$1889.36)

Significantly Below Fair Value: 2615 is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: 2615 is good value based on its PE Ratio (20.5x) compared to the TW Shipping industry average (35.2x).

PE vs Market: 2615 is poor value based on its PE Ratio (20.5x) compared to the TW market (18.7x).


Price to Earnings Growth Ratio

PEG Ratio: 2615's earnings are forecast to decline next year, so we can't calculate its PEG ratio.


Price to Book Ratio

PB vs Industry: 2615 is overvalued based on its PB Ratio (9x) compared to the TW Shipping industry average (2.4x).


Future Growth

How is Wan Hai Lines forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?

-24.5%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: 2615's earnings are forecast to decline over the next 3 years (-24.5% per year).

Earnings vs Market: 2615's earnings are forecast to decline over the next 3 years (-24.5% per year).

High Growth Earnings: 2615's earnings are forecast to decline over the next 3 years.

Revenue vs Market: 2615's revenue is expected to decline over the next 3 years (-2.4% per year).

High Growth Revenue: 2615's revenue is forecast to decline over the next 3 years (-2.4% per year).


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: Insufficient data to determine if 2615's Return on Equity is forecast to be high in 3 years time


Past Performance

How has Wan Hai Lines performed over the past 5 years?

56.1%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 2615 has a high level of non-cash earnings.

Growing Profit Margin: 2615's current net profit margins (25.3%) are higher than last year (3.6%).


Past Earnings Growth Analysis

Earnings Trend: 2615's earnings have grown significantly by 56.1% per year over the past 5 years.

Accelerating Growth: 2615's earnings growth over the past year (891.4%) exceeds its 5-year average (56.1% per year).

Earnings vs Industry: 2615 earnings growth over the past year (891.4%) exceeded the Shipping industry 10.2%.


Return on Equity

High ROE: 2615's Return on Equity (43.6%) is considered outstanding.


Financial Health

How is Wan Hai Lines's financial position?


Financial Position Analysis

Short Term Liabilities: 2615's short term assets (NT$49.0B) exceed its short term liabilities (NT$34.6B).

Long Term Liabilities: 2615's short term assets (NT$49.0B) exceed its long term liabilities (NT$46.1B).


Debt to Equity History and Analysis

Debt Level: 2615's debt to equity ratio (68.4%) is considered high.

Reducing Debt: 2615's debt to equity ratio has reduced from 85.4% to 68.4% over the past 5 years.

Debt Coverage: 2615's debt is well covered by operating cash flow (83.3%).

Interest Coverage: 2615's interest payments on its debt are well covered by EBIT (211.2x coverage).


Balance Sheet


Dividend

What is Wan Hai Lines's current dividend yield, its reliability and sustainability?

0.42%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: 2615's dividend (0.42%) isn’t notable compared to the bottom 25% of dividend payers in the TW market (1.81%).

High Dividend: 2615's dividend (0.42%) is low compared to the top 25% of dividend payers in the TW market (4.92%).


Stability and Growth of Payments

Stable Dividend: 2615 is not paying a notable dividend for the TW market, therefore no need to check if payments are stable.

Growing Dividend: 2615 is not paying a notable dividend for the TW market, therefore no need to check if payments are increasing.


Current Payout to Shareholders

Dividend Coverage: 2615 is not paying a notable dividend for the TW market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of 2615's dividend in 3 years as they are not forecast to pay a notable one for the TW market.


Next Steps

Management

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

6.1yrs

Average management tenure


CEO

Tommy Hsieh

6.08yrs

Tenure

Mr. Fur-Lung Hsieh, also known as Tommy, has been the President of Wan Hai Lines Ltd. since June 22, 2015 and also serves as its General Manager. Mr. Hsieh served as Executive Vice President at Wan Hai Lin...


Leadership Team

Experienced Management: 2615's management team is seasoned and experienced (6.1 years average tenure).


Board Members

Experienced Board: 2615's board of directors are considered experienced (7.1 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

Wan Hai Lines Ltd.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Wan Hai Lines Ltd.
  • Ticker: 2615
  • Exchange: TWSE
  • Founded: 1965
  • Industry: Marine
  • Sector: Transportation
  • Market Cap: NT$532.391b
  • Shares outstanding: 2.22b
  • Website: https://www.wanhai.com

Number of Employees


Location

  • Wan Hai Lines Ltd.
  • No. 136 Songjiang Road
  • 10th Floor
  • Taipei
  • Taiwan

Listings


Biography

Wan Hai Lines Ltd. engages in the marine transportation business in Asia, the Middle East, India, the United States, South America, and Red Sea. It provides full-containerized shipping service and shipping...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/07/25 09:16
End of Day Share Price2021/07/23 00:00
Earnings2021/03/31
Annual Earnings2020/12/31


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.