Wisdom Marine Lines Co., Limited (Cayman)

TWSE:2637 Stock Report

Market Cap: NT$59.6b

Wisdom Marine Lines Limited (Cayman) Valuation

Is 2637 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

4/6

Valuation Score 4/6

  • 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 2637 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 2637 (NT$79.9) is trading below our estimate of fair value (NT$248.07)

Significantly Below Fair Value: 2637 is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 2637?

Key metric: As 2637 is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for 2637. This is calculated by dividing 2637's market cap by their current earnings.
What is 2637's PE Ratio?
PE Ratio9.4x
EarningsUS$194.23m
Market CapUS$1.83b

Price to Earnings Ratio vs Peers

How does 2637's PE Ratio compare to its peers?

The above table shows the PE ratio for 2637 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average11.6x
2606 U-Ming Marine Transport
11.1x-1.3%NT$51.5b
2605 Sincere Navigation
15.8x17.3%NT$16.2b
2617 Taiwan Navigation
11xn/aNT$13.5b
2615 Wan Hai Lines
8.5x-34.3%NT$262.7b
2637 Wisdom Marine Lines Limited (Cayman)
9.4x-5.7%NT$59.6b

Price-To-Earnings vs Peers: 2637 is good value based on its Price-To-Earnings Ratio (9.4x) compared to the peer average (11.6x).

Price to Earnings Ratio vs Industry

How does 2637's PE Ratio compare vs other companies in the Asian Shipping Industry?

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
2637 9.4xIndustry Avg. 10.0xNo. of Companies20PE0612182430+
0 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: 2637 is good value based on its Price-To-Earnings Ratio (9.4x) compared to the Asian Shipping industry average (10x).

Price to Earnings Ratio vs Fair Ratio

What is 2637'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.

2637 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio9.4x
Fair PE Ratio9.3x

Price-To-Earnings vs Fair Ratio: 2637 is expensive based on its Price-To-Earnings Ratio (9.4x) compared to the estimated Fair Price-To-Earnings Ratio (9.3x).

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 2637 forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentNT$79.90
NT$82.50
+3.3%
9.1%NT$90.00NT$75.00n/a2
Nov ’25NT$75.00
NT$73.33
-2.2%
19.6%NT$90.00NT$55.00n/a3
Oct ’25NT$79.00
NT$73.33
-7.2%
19.6%NT$90.00NT$55.00n/a3
Sep ’25NT$67.20
NT$73.33
+9.1%
19.6%NT$90.00NT$55.00n/a3
Aug ’25NT$71.90
NT$72.50
+0.8%
24.1%NT$90.00NT$55.00n/a2
Jul ’25NT$67.60
NT$72.50
+7.2%
24.1%NT$90.00NT$55.00n/a2
Jun ’25NT$77.70
NT$65.00
-16.3%
15.4%NT$75.00NT$55.00n/a2
May ’25NT$68.10
NT$65.00
-4.6%
15.4%NT$75.00NT$55.00n/a2
Apr ’25NT$58.50
NT$65.00
+11.1%
15.4%NT$75.00NT$55.00n/a2
Mar ’25NT$61.10
NT$65.00
+6.4%
15.4%NT$75.00NT$55.00n/a2
Nov ’24NT$41.80
NT$62.00
+48.3%
11.3%NT$69.00NT$55.00NT$75.002
Oct ’24NT$48.45
NT$62.00
+28.0%
11.3%NT$69.00NT$55.00NT$79.002
Sep ’24NT$45.20
NT$62.00
+37.2%
11.3%NT$69.00NT$55.00NT$67.202
Aug ’24NT$47.05
NT$62.00
+31.8%
11.3%NT$69.00NT$55.00NT$71.902
Jul ’24NT$48.80
NT$70.50
+44.5%
2.1%NT$72.00NT$69.00NT$67.602
Jun ’24NT$49.70
NT$70.50
+41.9%
2.1%NT$72.00NT$69.00NT$77.702
May ’24NT$64.10
NT$70.50
+10.0%
2.1%NT$72.00NT$69.00NT$68.102
Apr ’24NT$64.20
NT$60.00
-6.5%
15.2%NT$72.00NT$50.00NT$58.503
Mar ’24NT$67.40
NT$60.00
-11.0%
15.2%NT$72.00NT$50.00NT$61.103
Feb ’24NT$61.20
NT$60.00
-2.0%
15.2%NT$72.00NT$50.00NT$53.203
Jan ’24NT$61.40
NT$60.00
-2.3%
15.2%NT$72.00NT$50.00NT$52.003
Dec ’23NT$61.50
NT$58.33
-5.1%
11.9%NT$67.00NT$50.00NT$50.303
Nov ’23NT$51.10
NT$58.33
+14.2%
11.9%NT$67.00NT$50.00NT$41.803

Analyst Forecast: Target price is less than 20% higher than the current share price.

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