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2642

Taiwan Pelican Express TWSE:2642 Stock Report

Last Price

NT$51.60

Market Cap

NT$4.9b

7D

-0.4%

1Y

-38.6%

Updated

07 Aug, 2022

Data

Company Financials
2642 fundamental analysis
Snowflake Score
Valuation1/6
Future Growth0/6
Past Performance2/6
Financial Health6/6
Dividends2/6

2642 Stock Overview

Taiwan Pelican Express Co., Ltd. provides trucking and door-to-door home delivery services in Taiwan.

Taiwan Pelican Express Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Taiwan Pelican Express
Historical stock prices
Current Share PriceNT$51.60
52 Week HighNT$101.00
52 Week LowNT$49.00
Beta0.71
1 Month Change-0.96%
3 Month Change-31.66%
1 Year Change-38.57%
3 Year Change121.93%
5 Year Change89.71%
Change since IPO67.26%

Recent News & Updates

Shareholder Returns

2642TW LogisticsTW Market
7D-0.4%2.2%0.1%
1Y-38.6%-27.9%-14.4%

Return vs Industry: 2642 underperformed the TW Logistics industry which returned -27.9% over the past year.

Return vs Market: 2642 underperformed the TW Market which returned -14.4% over the past year.

Price Volatility

Is 2642's price volatile compared to industry and market?
2642 volatility
2642 Average Weekly Movement6.4%
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: 2642 is not significantly more volatile than the rest of TW stocks over the past 3 months, typically moving +/- 6% a week.

Volatility Over Time: 2642's weekly volatility (6%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
1999n/aPeng Chi-Tsenghttps://www.e-can.com.tw

Taiwan Pelican Express Co., Ltd. provides trucking and door-to-door home delivery services in Taiwan. It offers C2C, B2C, and C2B home-delivery services. The company also provides warehousing and logistics, and tally and packaging services.

Taiwan Pelican Express Fundamentals Summary

How do Taiwan Pelican Express's earnings and revenue compare to its market cap?
2642 fundamental statistics
Market CapNT$4.93b
Earnings (TTM)NT$215.50m
Revenue (TTM)NT$4.52b

22.9x

P/E Ratio

1.1x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
2642 income statement (TTM)
RevenueNT$4.52b
Cost of RevenueNT$3.79b
Gross ProfitNT$725.73m
Other ExpensesNT$510.24m
EarningsNT$215.50m

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

n/a

Earnings per share (EPS)2.26
Gross Margin16.06%
Net Profit Margin4.77%
Debt/Equity Ratio0%

How did 2642 perform over the long term?

See historical performance and comparison

Dividends

4.1%

Current Dividend Yield

93%

Payout Ratio
We’ve recently updated our valuation analysis.

Valuation

Is 2642 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

1/6

Valuation Score 1/6

  • 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 2642?

Other financial metrics that can be useful for relative valuation.

2642 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/Revenue1.2x
Enterprise Value/EBITDA14.6x
PEG Ration/a

Price to Earnings Ratio vs Peers

How does 2642's PE Ratio compare to its peers?

2642 PE Ratio vs Peers
The above table shows the PE ratio for 2642 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average8.5x
8367 Chien Shing Harbour ServiceLtd
5.3xn/aNT$3.0b
5607 Farglory Free Trade Zone Investment Holding
18.1xn/aNT$12.7b
2643 Soonest Express
6.6xn/aNT$2.2b
5609 Dimerco Express
3.8xn/aNT$10.1b
2642 Taiwan Pelican Express
22.9xn/aNT$4.9b

Price-To-Earnings vs Peers: 2642 is expensive based on its Price-To-Earnings Ratio (22.9x) compared to the peer average (8.5x).


Price to Earnings Ratio vs Industry

How does 2642's PE Ratio compare vs other companies in the Asian Logistics Industry?

Price-To-Earnings vs Industry: 2642 is expensive based on its Price-To-Earnings Ratio (22.9x) compared to the TW Logistics industry average (6.6x)


Price to Earnings Ratio vs Fair Ratio

What is 2642'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.

2642 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio22.9x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate 2642's Price-To-Earnings Fair Ratio for valuation analysis.


Share Price vs Fair Value

What is the Fair Price of 2642 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 2642 (NT$51.6) is trading below our estimate of fair value (NT$59.14)

Significantly Below Fair Value: 2642 is trading below fair value, but not by a significant amount.


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 Taiwan Pelican 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 Taiwan Pelican 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.


Discover growth companies

Past Performance

How has Taiwan Pelican Express performed over the past 5 years?

Past Performance Score

2/6

Past Performance Score 2/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


24.6%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: 2642 has high quality earnings.

Growing Profit Margin: 2642's current net profit margins (4.8%) are lower than last year (5.3%).


Past Earnings Growth Analysis

Earnings Trend: 2642's earnings have grown significantly by 24.6% per year over the past 5 years.

Accelerating Growth: 2642's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: 2642 had negative earnings growth (-0.08%) over the past year, making it difficult to compare to the Logistics industry average (45%).


Return on Equity

High ROE: 2642's Return on Equity (9%) is considered low.


Discover strong past performing companies

Financial Health

How is Taiwan Pelican 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: 2642's short term assets (NT$1.8B) exceed its short term liabilities (NT$988.7M).

Long Term Liabilities: 2642's short term assets (NT$1.8B) exceed its long term liabilities (NT$1.2B).


Debt to Equity History and Analysis

Debt Level: 2642 is debt free.

Reducing Debt: 2642 has not had any debt for past 5 years.

Debt Coverage: 2642 has no debt, therefore it does not need to be covered by operating cash flow.

Interest Coverage: 2642 has no debt, therefore coverage of interest payments is not a concern.


Balance Sheet


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Dividend

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

Dividend Score

2/6

Dividend Score 2/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Cash Flow Coverage


4.07%

Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: 2642's dividend (4.07%) is higher than the bottom 25% of dividend payers in the TW market (2.55%).

High Dividend: 2642's dividend (4.07%) is low compared to the top 25% of dividend payers in the TW market (6.64%).


Stability and Growth of Payments

Stable Dividend: 2642 has been paying a dividend for less than 10 years and during this time payments have been volatile.

Growing Dividend: 2642's dividend payments have increased, but the company has only paid a dividend for 9 years.


Earnings Payout to Shareholders

Earnings Coverage: With its high payout ratio (93%), 2642's dividend payments are not well covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: With its reasonable cash payout ratio (56.8%), 2642's dividend payments are covered by cash flows.


Discover strong dividend paying companies

Management

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


CEO

Peng Chi-Tseng

0.083

Tenure

Peng Chi-Tseng is President of Air and Intelligent Life Business Group of TECO Electric & Machinery Co., Ltd.


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

Taiwan Pelican Express Co., Ltd.'s employee growth, exchange listings and data sources


Key Information

  • Name: Taiwan Pelican Express Co., Ltd.
  • Ticker: 2642
  • Exchange: TWSE
  • Founded: 1999
  • Industry: Air Freight and Logistics
  • Sector: Transportation
  • Implied Market Cap: NT$4.926b
  • Shares outstanding: 95.47m
  • Website: https://www.e-can.com.tw

Location

  • Taiwan Pelican Express Co., Ltd.
  • No. 2, Chongqing South Road
  • 5th 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.