2617 Stock Overview
Taiwan Navigation Co., Ltd. provides shipping services in Taiwan.
Taiwan Navigation Competitors
Price History & Performance
|Historical stock prices|
|Current Share Price||NT$24.55|
|52 Week High||NT$46.30|
|52 Week Low||NT$24.55|
|1 Month Change||-10.57%|
|3 Month Change||-14.76%|
|1 Year Change||-42.37%|
|3 Year Change||30.59%|
|5 Year Change||66.44%|
|Change since IPO||79.97%|
Recent News & Updates
|2617||TW Shipping||TW Market|
Return vs Industry: 2617 exceeded the TW Shipping industry which returned -51% over the past year.
Return vs Market: 2617 underperformed the TW Market which returned -19% over the past year.
|2617 Average Weekly Movement||5.3%|
|Shipping Industry Average Movement||6.7%|
|Market Average Movement||5.1%|
|10% most volatile stocks in TW Market||8.3%|
|10% least volatile stocks in TW Market||2.5%|
Stable Share Price: 2617 is not significantly more volatile than the rest of TW stocks over the past 3 months, typically moving +/- 5% a week.
Volatility Over Time: 2617's weekly volatility (5%) has been stable over the past year.
About the Company
Taiwan Navigation Co., Ltd. provides shipping services in Taiwan. It offers passenger and freight transportation services through water; port warehousing; aquatic sand mining; and navigation channel dredging services, as well as acts as a shipping agency and provides tugboats. The company also acts as a land owner in agreements with construction companies for the use of its land for the construction of residential and commercial buildings for sale and rental.
Taiwan Navigation Fundamentals Summary
|2617 fundamental statistics|
Is 2617 overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|2617 income statement (TTM)|
|Cost of Revenue||NT$2.20b|
Last Reported Earnings
Jun 30, 2022
Next Earnings Date
|Earnings per share (EPS)||5.29|
|Net Profit Margin||61.60%|
How did 2617 perform over the long term?See historical performance and comparison
8.1%Current Dividend Yield
Is 2617 undervalued compared to its fair value, analyst forecasts and its price relative to the market?
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
Key Valuation Metric
Which metric is best to use when looking at relative valuation for 2617?
Other financial metrics that can be useful for relative valuation.
|What is 2617's n/a Ratio?|
Price to Earnings Ratio vs Peers
How does 2617's PE Ratio compare to its peers?
|2617 PE Ratio vs Peers|
|Company||PE||Estimated Growth||Market Cap|
2605 Sincere Navigation
2612 Chinese Maritime Transport
2601 First Steamship
5608 Shih Wei Navigation
2617 Taiwan Navigation
Price-To-Earnings vs Peers: 2617 is good value based on its Price-To-Earnings Ratio (4.6x) compared to the peer average (18.1x).
Price to Earnings Ratio vs Industry
How does 2617's PE Ratio compare vs other companies in the Asian Shipping Industry?
Price-To-Earnings vs Industry: 2617 is good value based on its Price-To-Earnings Ratio (4.6x) compared to the Asian Shipping industry average (6.5x)
Price to Earnings Ratio vs Fair Ratio
What is 2617'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.
|Current PE Ratio||4.6x|
|Fair PE Ratio||n/a|
Price-To-Earnings vs Fair Ratio: Insufficient data to calculate 2617's Price-To-Earnings Fair Ratio for valuation analysis.
Share Price vs Fair Value
What is the Fair Price of 2617 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.
Below Fair Value: 2617 (NT$24.55) is trading below our estimate of fair value (NT$32.62)
Significantly Below Fair Value: 2617 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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How is Taiwan Navigation forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
Future Growth Score0/6
Future Growth Score 0/6
Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
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 Taiwan Navigation 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 Taiwan Navigation 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.
How has Taiwan Navigation performed over the past 5 years?
Past Performance Score4/6
Past Performance Score 4/6
Growing Profit Margin
Earnings vs Industry
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: 2617 has a high level of non-cash earnings.
Growing Profit Margin: 2617's current net profit margins (61.6%) are higher than last year (24.1%).
Past Earnings Growth Analysis
Earnings Trend: 2617 has become profitable over the past 5 years, growing earnings by 24.4% per year.
Accelerating Growth: 2617's earnings growth over the past year (233.2%) exceeds its 5-year average (24.4% per year).
Earnings vs Industry: 2617 earnings growth over the past year (233.2%) exceeded the Shipping industry 224.7%.
Return on Equity
High ROE: 2617's Return on Equity (14.4%) is considered low.
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How is Taiwan Navigation's financial position?
Financial Health Score4/6
Financial Health Score 4/6
Short Term Liabilities
Long Term Liabilities
Financial Position Analysis
Short Term Liabilities: 2617's short term assets (NT$6.0B) exceed its short term liabilities (NT$1.8B).
Long Term Liabilities: 2617's short term assets (NT$6.0B) do not cover its long term liabilities (NT$7.6B).
Debt to Equity History and Analysis
Debt Level: 2617's net debt to equity ratio (16.7%) is considered satisfactory.
Reducing Debt: 2617's debt to equity ratio has increased from 34.5% to 47.4% over the past 5 years.
Debt Coverage: 2617's debt is well covered by operating cash flow (28.5%).
Interest Coverage: 2617 earns more interest than it pays, so coverage of interest payments is not a concern.
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What is Taiwan Navigation current dividend yield, its reliability and sustainability?
Dividend Score 3/6
Cash Flow Coverage
Current Dividend Yield
Dividend Yield vs Market
|Taiwan Navigation Dividend Yield vs Market|
|Company (Taiwan Navigation)||8.1%|
|Market Bottom 25% (TW)||2.5%|
|Market Top 25% (TW)||6.9%|
|Industry Average (Shipping)||23.2%|
|Analyst forecast in 3 Years (Taiwan Navigation)||n/a|
Notable Dividend: 2617's dividend (8.15%) is higher than the bottom 25% of dividend payers in the TW market (2.51%).
High Dividend: 2617's dividend (8.15%) is in the top 25% of dividend payers in the TW market (6.91%)
Stability and Growth of Payments
Stable Dividend: 2617's dividend payments have been volatile in the past 10 years.
Growing Dividend: 2617's dividend payments have fallen over the past 10 years.
Earnings Payout to Shareholders
Earnings Coverage: With its reasonably low payout ratio (37.8%), 2617's dividend payments are well covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: 2617 is paying a dividend but the company has no free cash flows.
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How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Mr. Jong-Lin Chyou serves as President and Director at Taiwan Navigation Co., Ltd. since May 1, 2020 and served as Senior Vice President of Technical Department since April 01, 2019 until May 1, 2020. He h...
Experienced Management: 2617's management team is considered experienced (3.4 years average tenure).
Experienced Board: 2617's board of directors are not considered experienced ( 1.8 years average tenure), which suggests a new board.
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.
|Owner Type||Number of Shares||Ownership Percentage|
|Employee Share Scheme||6,544,676||1.6%|
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
|Ownership||Name||Shares||Current Value||Change %||Portfolio %|
Taiwan Navigation Co., Ltd.'s employee growth, exchange listings and data sources
- Name: Taiwan Navigation Co., Ltd.
- Ticker: 2617
- Exchange: TWSE
- Founded: 1946
- Industry: Marine
- Sector: Transportation
- Implied Market Cap: NT$10.245b
- Shares outstanding: 417.29m
- Website: https://www.taiwanline.com.tw
- Taiwan Navigation Co., Ltd.
- No 29, Chi Nan Road
- Section 2
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|2617||TWSE (Taiwan Stock Exchange)||Yes||Common Stock||TW||TWD||Jul 1998|
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2022/09/28 00:00|
|End of Day Share Price||2022/09/28 00:00|
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.