Wan Hai Lines Ltd.

TWSE:2615 Stock Report

Market Cap: NT$225.9b

Wan Hai Lines Valuation

Is 2615 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

1/6

Valuation Score 1/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of 2615 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 2615 (NT$80.9) is trading above our estimate of fair value (NT$0.82)

Significantly Below Fair Value: 2615 is trading above our estimate of fair value.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 2615?

Key metric: As 2615 is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for 2615. This is calculated by dividing 2615's market cap by their current earnings.
What is 2615's PE Ratio?
PE Ratio7.4x
EarningsNT$30.75b
Market CapNT$225.89b

Price to Earnings Ratio vs Peers

How does 2615's PE Ratio compare to its peers?

The above table shows the PE ratio for 2615 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average7x
2609 Yang Ming Marine Transport
5.3x-15.2%NT$262.6b
2603 Evergreen Marine Corporation (Taiwan)
4.3x-21.1%NT$486.2b
2637 Wisdom Marine Lines Limited (Cayman)
7.9x-7.2%NT$50.5b
2606 U-Ming Marine Transport
10.6x-1.3%NT$49.8b
2615 Wan Hai Lines
7.4x-34.3%NT$225.9b

Price-To-Earnings vs Peers: 2615 is expensive based on its Price-To-Earnings Ratio (7.4x) compared to the peer average (7x).

Price to Earnings Ratio vs Industry

How does 2615's PE Ratio compare vs other companies in the Asian Shipping Industry?

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
2615 7.4xIndustry Avg. 9.4xNo. of Companies18PE0612182430+
0 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: 2615 is good value based on its Price-To-Earnings Ratio (7.4x) compared to the Asian Shipping industry average (9.4x).

Price to Earnings Ratio vs Fair Ratio

What is 2615'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.

2615 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio7.4x
Fair PE Ratio6.3x

Price-To-Earnings vs Fair Ratio: 2615 is expensive based on its Price-To-Earnings Ratio (7.4x) compared to the estimated Fair Price-To-Earnings Ratio (6.3x).

Analyst Price Targets

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

The above table shows the analyst 2615 forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentNT$80.90
NT$71.33
-11.8%
27.7%NT$90.00NT$44.00n/a3
Dec ’25NT$83.00
NT$71.33
-14.1%
27.7%NT$90.00NT$44.00n/a3
Nov ’25NT$94.20
NT$71.33
-24.3%
27.7%NT$90.00NT$44.00n/a3
Oct ’25NT$99.20
NT$71.33
-28.1%
27.7%NT$90.00NT$44.00n/a3
Sep ’25NT$82.90
NT$71.33
-14.0%
27.7%NT$90.00NT$44.00n/a3
Aug ’25NT$79.70
NT$71.33
-10.5%
27.7%NT$90.00NT$44.00n/a3
Jul ’25NT$86.00
NT$85.25
-0.9%
29.3%NT$111.00NT$44.00n/a4
Jun ’25NT$79.70
NT$81.00
+1.6%
26.5%NT$96.00NT$44.00n/a4
Nov ’24NT$46.40
NT$53.50
+15.3%
23.4%NT$66.00NT$41.00NT$94.202
Oct ’24NT$48.30
NT$53.50
+10.8%
23.4%NT$66.00NT$41.00NT$99.202
Sep ’24NT$44.90
NT$53.50
+19.2%
23.4%NT$66.00NT$41.00NT$82.902
Aug ’24NT$51.10
NT$54.50
+6.7%
21.1%NT$66.00NT$43.00NT$79.702
Jul ’24NT$59.00
NT$54.50
-7.6%
21.1%NT$66.00NT$43.00NT$86.002
Jun ’24NT$57.10
NT$54.50
-4.6%
21.1%NT$66.00NT$43.00NT$79.702
May ’24NT$65.00
NT$58.00
-10.8%
13.8%NT$66.00NT$50.00NT$50.702
Apr ’24NT$68.50
NT$61.00
-10.9%
18.0%NT$72.00NT$50.00NT$44.552
Mar ’24NT$78.60
NT$62.50
-20.5%
15.2%NT$72.00NT$53.00NT$49.902
Feb ’24NT$76.70
NT$62.50
-18.5%
15.2%NT$72.00NT$53.00NT$49.652
Jan ’24NT$80.10
NT$95.58
+19.3%
49.6%NT$161.74NT$53.00NT$55.003
Dec ’23NT$75.30
NT$95.58
+26.9%
49.6%NT$161.74NT$53.00NT$48.653

Analyst Forecast: Target price is lower than the current share price.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/31 08:35
End of Day Share Price 2024/12/31 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

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 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

Wan Hai Lines Ltd. is covered by 21 analysts. 3 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Jonathan WindhamBarclays
Nathan GeeBofA Global Research
Yayue HsuehCapital Securities Corporation