Board Change • Jul 01
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 5 experienced directors. 1 highly experienced director. Director Shin-Ying Lan was the last director to join the board, commencing their role in 2023. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • May 19
First quarter 2026 earnings released: NT$0.11 loss per share (vs NT$0.47 loss in 1Q 2025) First quarter 2026 results: NT$0.11 loss per share (improved from NT$0.47 loss in 1Q 2025). Revenue: NT$768.6m (down 1.9% from 1Q 2025). Net loss: NT$41.8m (loss narrowed 77% from 1Q 2025). Over the last 3 years on average, earnings per share has fallen by 54% per year but the company’s share price has only fallen by 16% per year, which means it has not declined as severely as earnings. Reported Earnings • Mar 14
Full year 2025 earnings released: NT$0.13 loss per share (vs NT$0.69 loss in FY 2024) Full year 2025 results: NT$0.13 loss per share (improved from NT$0.69 loss in FY 2024). Revenue: NT$3.18b (down 8.8% from FY 2024). Net loss: NT$49.5m (loss narrowed 82% from FY 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 84 percentage points per year, which is a significant difference in performance. Announcement • Mar 11
Shih Wei Navigation Co., Ltd., Annual General Meeting, May 28, 2026 Shih Wei Navigation Co., Ltd., Annual General Meeting, May 28, 2026, at 09:00 Taipei Standard Time. Location: 15 floor no,99, fu hsing n. rd., taipei city Taiwan New Risk • Dec 05
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Taiwanese stocks, typically moving 6.5% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 19% per year over the past 5 years. Minor Risk Share price has been volatile over the past 3 months (6.5% average weekly change). Reported Earnings • Nov 15
Third quarter 2025 earnings released: NT$0.23 loss per share (vs NT$0.20 profit in 3Q 2024) Third quarter 2025 results: NT$0.23 loss per share (down from NT$0.20 profit in 3Q 2024). Revenue: NT$775.4m (down 18% from 3Q 2024). Net loss: NT$90.7m (down 217% from profit in 3Q 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 105 percentage points per year, which is a significant difference in performance. Reported Earnings • Aug 16
Second quarter 2025 earnings released: EPS: NT$0.56 (vs NT$0.058 in 2Q 2024) Second quarter 2025 results: EPS: NT$0.56 (up from NT$0.058 in 2Q 2024). Revenue: NT$767.6m (down 8.2% from 2Q 2024). Net income: NT$217.5m (up NT$194.9m from 2Q 2024). Profit margin: 28% (up from 2.7% in 2Q 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 100 percentage points per year, which is a significant difference in performance. Reported Earnings • May 09
First quarter 2025 earnings released: NT$0.46 loss per share (vs NT$0.55 loss in 1Q 2024) First quarter 2025 results: NT$0.46 loss per share (improved from NT$0.55 loss in 1Q 2024). Revenue: NT$783.5m (flat on 1Q 2024). Net loss: NT$181.0m (loss narrowed 15% from 1Q 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 86 percentage points per year, which is a significant difference in performance. Announcement • Apr 29
Shih Wei Navigation Co., Ltd. to Report Q1, 2025 Results on May 06, 2025 Shih Wei Navigation Co., Ltd. announced that they will report Q1, 2025 results on May 06, 2025 Announcement • Mar 27
Shih Wei Navigation Co., Ltd., Annual General Meeting, Jun 25, 2025 Shih Wei Navigation Co., Ltd., Annual General Meeting, Jun 25, 2025, at 09:00 Taipei Standard Time. Location: 15 floor no,99, fu hsing n. rd., taipei city Taiwan New Risk • Mar 25
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Taiwanese stocks, typically moving 6.0% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. This is currently the only risk that has been identified for the company. Reported Earnings • Mar 04
Full year 2024 earnings released: NT$0.69 loss per share (vs NT$1.26 loss in FY 2023) Full year 2024 results: NT$0.69 loss per share (improved from NT$1.26 loss in FY 2023). Revenue: NT$3.49b (flat on FY 2023). Net loss: NT$269.3m (loss narrowed 43% from FY 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 84 percentage points per year, which is a significant difference in performance. Announcement • Feb 18
Shih Wei Navigation Co., Ltd. to Report Q4, 2024 Results on Feb 25, 2025 Shih Wei Navigation Co., Ltd. announced that they will report Q4, 2024 results on Feb 25, 2025 Reported Earnings • Nov 18
Third quarter 2024 earnings released: EPS: NT$0.20 (vs NT$0.41 loss in 3Q 2023) Third quarter 2024 results: EPS: NT$0.20 (up from NT$0.41 loss in 3Q 2023). Revenue: NT$942.5m (up 8.6% from 3Q 2023). Net income: NT$77.3m (up NT$232.8m from 3Q 2023). Profit margin: 8.2% (up from net loss in 3Q 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 63 percentage points per year, which is a significant difference in performance. Announcement • Nov 05
Shih Wei Navigation Co., Ltd. to Report Q3, 2024 Results on Nov 12, 2024 Shih Wei Navigation Co., Ltd. announced that they will report Q3, 2024 results on Nov 12, 2024 Reported Earnings • Aug 18
Second quarter 2024 earnings released: EPS: NT$0.06 (vs NT$0.65 loss in 2Q 2023) Second quarter 2024 results: EPS: NT$0.06 (up from NT$0.65 loss in 2Q 2023). Revenue: NT$836.5m (down 7.2% from 2Q 2023). Net income: NT$22.6m (up NT$264.0m from 2Q 2023). Profit margin: 2.7% (up from net loss in 2Q 2023). The move to profitability was driven by lower expenses. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 34 percentage points per year, which is a significant difference in performance. Announcement • Aug 06
Shih Wei Navigation Co., Ltd. to Report Q2, 2024 Results on Aug 13, 2024 Shih Wei Navigation Co., Ltd. announced that they will report Q2, 2024 results on Aug 13, 2024 New Risk • Aug 05
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Taiwanese stocks, typically moving 6.7% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Dividend is not well covered by earnings and cash flows. Paying a dividend despite being loss-making. Paying a dividend despite having no free cash flows. Minor Risk Share price has been volatile over the past 3 months (6.7% average weekly change). Announcement • Jul 18
Shih Wei Navigation Co., Ltd. announced that it expects to receive TWD 600 million in funding Shih Wei Navigation Co., Ltd. announced a private placement to issue Series 7 Domestic Secured Convertible Bonds for the gross proceeds of TWD 600,000,000 on July 16, 2024. The transaction has been approved by shareholders, bonds bear zero coupon rate and matures in 3 years. Reported Earnings • May 13
First quarter 2024 earnings released: NT$0.55 loss per share (vs NT$0.50 loss in 1Q 2023) First quarter 2024 results: NT$0.55 loss per share (further deteriorated from NT$0.50 loss in 1Q 2023). Revenue: NT$785.2m (down 9.0% from 1Q 2023). Net loss: NT$213.4m (loss widened 15% from 1Q 2023). Over the last 3 years on average, earnings per share has fallen by 32% per year but the company’s share price has only fallen by 6% per year, which means it has not declined as severely as earnings. Announcement • May 01
Shih Wei Navigation Co., Ltd. to Report Q1, 2024 Results on May 09, 2024 Shih Wei Navigation Co., Ltd. announced that they will report Q1, 2024 results on May 09, 2024 Announcement • Mar 27
Shih Wei Navigation Co., Ltd., Annual General Meeting, Jun 25, 2024 Shih Wei Navigation Co., Ltd., Annual General Meeting, Jun 25, 2024. Location: PCBC 208+209 conference room 2F., No. 99, Fusing N.Road Taipei Taiwan Agenda: To consider the 2023 business report; to consider the audit Committee Report on the Review of the 2023 Financial Report; to consider the Report on 2023 employees's and directors's remuneration; to consider the report on remuneration paid during 2023 to directors; to consider the acknowledgment of the 2023 business report and financial statements; to consider the adoption of the Proposal for 2023 Deficit Compensation Statement; to consider the amendment to the Articles of Incorporation; and to consider the other matters. Reported Earnings • Feb 29
Full year 2023 earnings released: NT$1.26 loss per share (vs NT$6.08 profit in FY 2022) Full year 2023 results: NT$1.26 loss per share (down from NT$6.08 profit in FY 2022). Revenue: NT$3.46b (down 49% from FY 2022). Net loss: NT$476.0m (down 124% from profit in FY 2022). Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has increased by 19% per year, which means it is tracking significantly ahead of earnings growth. New Risk • Dec 07
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Taiwanese stocks, typically moving 5.5% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (0.3x net interest cover). Dividend is not well covered by earnings and cash flows. Paying a dividend despite being loss-making. Cash payout ratio: 114% Minor Risks Share price has been volatile over the past 3 months (5.5% average weekly change). Shareholders have been diluted in the past year (5.4% increase in shares outstanding). New Risk • Aug 14
New major risk - Financial position The company's interest payments are not well covered by earnings. Net interest cover: 2.4x This is considered a major risk. If the company is unable to fund interest repayments on its debt through profits, it may be forced into reducing its debt burden through selling assets, undertaking a potentially costly capital raising or even into bankruptcy in the worst case scenario. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (2.4x net interest cover). Minor Risks Dividend is not well covered by earnings (133% payout ratio). Profit margins are more than 30% lower than last year (8.0% net profit margin). Shareholders have been diluted in the past year (24% increase in shares outstanding). Reported Earnings • Aug 13
Second quarter 2023 earnings released: NT$0.65 loss per share (vs NT$2.12 profit in 2Q 2022) Second quarter 2023 results: NT$0.65 loss per share (down from NT$2.12 profit in 2Q 2022). Revenue: NT$901.1m (down 53% from 2Q 2022). Net loss: NT$241.4m (down 135% from profit in 2Q 2022). Over the last 3 years on average, earnings per share has increased by 70% per year but the company’s share price has only increased by 41% per year, which means it is significantly lagging earnings growth. Announcement • Aug 09
Shih Wei Navigation Co., Ltd. has completed a Follow-on Equity Offering in the amount of TWD 360 million. Shih Wei Navigation Co., Ltd. has completed a Follow-on Equity Offering in the amount of TWD 360 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 2,000,000
Price\Range: TWD 18
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 16,000,000
Price\Range: TWD 18
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 2,000,000
Price\Range: TWD 18 Valuation Update With 7 Day Price Move • Jul 24
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to NT$19.00, the stock trades at a trailing P/E ratio of 5.5x. Average trailing P/E is 5x in the Shipping industry in Taiwan. Total returns to shareholders of 287% over the past three years. Announcement • Jul 13
Shih Wei Navigation Co., Ltd. Appoints Lin, Hsiu-Ching as COO Shih Wei Navigation Co., Ltd. announced the appointment of Lin, Hsiu-Ching/Senior Manager of Shih Wei Navigation Co., Ltd. as COO, with effect from July 11, 2023. Announcement • Jul 12
Shih Wei Navigation Co., Ltd. Announces Remuneration Committee Changes Shih Wei Navigation Co., Ltd. announced the appointment of members of the fifth Remuneration Committee. Name of the previous position holder: Lin, Po-Ging: Manager, Securities Department, Land Bank of Taiwan, Chang, Lu-Chang: Legal representative, Vicneer Company (Taiwan) Ltd., Chen, Po-Chung: Assistant Vice President, Finance Department and Administration Department, New Asia Construction & Development Corp. Name of the new position holder: Chou, Chen-Shing: independent director of the Company, Shann, Shu-Jiun: independent director of the Company, Chen, Chien-Ting: director of the Celxpert Energy Corp, The effective date of the new member is July 11, 2023. Board Change • Jul 11
High number of new and inexperienced directors There are 6 new directors who have joined the board in the last 3 years. The company's board is composed of: 6 new directors. No experienced directors. 1 highly experienced director. Director Chen-Yu Kuo is the most experienced director on the board, commencing their role in 2014. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Upcoming Dividend • Jul 11
Upcoming dividend of NT$1.50 per share at 6.6% yield Eligible shareholders must have bought the stock before 18 July 2023. Payment date: 17 August 2023. Payout ratio is a comfortable 38% and this is well supported by cash flows. Trailing yield: 6.6%. Within top quartile of Taiwanese dividend payers (5.4%). Lower than average of industry peers (37%). Announcement • Jul 04
Shih Wei Navigation Co., Ltd. Announces Divided, Payable on August 17, 2023 Shih Wei Navigation Co., Ltd. announced dividend of TWD 1.5 of cash dividend per share; totally TWD 553,900,635 allocated for cash dividend. The dividend is payable on August 17, 2023 with Ex-rights (ex-dividend) trading date of July 18, 2023 and Ex-rights (ex-dividend) record date of July 24, 2023. Reported Earnings • Feb 28
Full year 2022 earnings released: EPS: NT$6.08 (vs NT$7.16 in FY 2021) Full year 2022 results: EPS: NT$6.08. Revenue: NT$6.72b (up 21% from FY 2021). Net income: NT$2.03b (up 1.3% from FY 2021). Profit margin: 30% (down from 36% in FY 2021). The decrease in margin was driven by higher expenses. Valuation Update With 7 Day Price Move • Feb 24
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to NT$28.60, the stock trades at a trailing P/E ratio of 4.3x. Average trailing P/E is 5x in the Shipping industry in Taiwan. Total returns to shareholders of 367% over the past three years. Reported Earnings • Nov 18
Third quarter 2022 earnings released: EPS: NT$1.83 (vs NT$3.01 in 3Q 2021) Third quarter 2022 results: EPS: NT$1.83 (down from NT$3.01 in 3Q 2021). Revenue: NT$1.91b (up 15% from 3Q 2021). Net income: NT$603.3m (down 28% from 3Q 2021). Profit margin: 32% (down from 51% in 3Q 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 104% per year but the company’s share price has only increased by 43% per year, which means it is significantly lagging earnings growth. Board Change • Nov 16
High number of new and inexperienced directors There are 5 new directors who have joined the board in the last 3 years. The company's board is composed of: 5 new directors. No experienced directors. 1 highly experienced director. Director Chen-Yu Kuo is the most experienced director on the board, commencing their role in 2014. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Valuation Update With 7 Day Price Move • Oct 05
Investor sentiment improved over the past week After last week's 15% share price gain to NT$27.80, the stock trades at a trailing P/E ratio of 3.4x. Average forward P/E is 3x in the Shipping industry in Taiwan. Total returns to shareholders of 258% over the past three years. Reported Earnings • Aug 16
Second quarter 2022 earnings released: EPS: NT$2.12 (vs NT$1.78 in 2Q 2021) Second quarter 2022 results: EPS: NT$2.12 (up from NT$1.78 in 2Q 2021). Revenue: NT$1.90b (up 56% from 2Q 2021). Net income: NT$698.8m (up 41% from 2Q 2021). Profit margin: 37% (down from 41% in 2Q 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 103% per year but the company’s share price has only increased by 53% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Jul 13
Upcoming dividend of NT$2.00 per share Eligible shareholders must have bought the stock before 20 July 2022. Payment date: 12 August 2022. Trailing yield: 6.3%. Lower than top quartile of Taiwanese dividend payers (6.9%). Lower than average of industry peers (18%). Announcement • Jul 01
Shih Wei Navigation Co., Ltd. Announces Cash Dividend for 2021, Payable on August 12, 2022 Shih Wei Navigation Co., Ltd. announced TWD 2 of cash dividend per share; totally TWD 658,534,180 allocated for cash dividend. Cash dividend payment date is August 12, 2022 and Ex-rights (ex-dividend) trading date is July 20, 2022 and Ex-rights (ex-dividend) record date is July 26, 2022. Valuation Update With 7 Day Price Move • Jun 20
Investor sentiment deteriorated over the past week After last week's 15% share price decline to NT$34.00, the stock trades at a trailing P/E ratio of 4.5x. Average forward P/E is 4x in the Shipping industry in Taiwan. Total returns to shareholders of 315% over the past three years. Announcement • May 22
Shih Wei Navigation Co., Ltd., Annual General Meeting, Jun 21, 2022 Shih Wei Navigation Co., Ltd., Annual General Meeting, Jun 21, 2022, at 09:00 Taipei Standard Time. Location: Conference Room CC+DD+EE, Primasia Conference & Business Center 15F, No. 99, Fusing North Road Taipei City Taiwan Agenda: To discuss 2021 Business Report; to Report by Audit Committee on review of the 2021 Financial Statements; to Report on the 2021 distribution of remuneration to employees and directors; to Report on the implementation of capital reduction for business improvement plan in 2021; to Report on the implementation of capital increase for business improvement plan in 2021. Reported Earnings • May 18
First quarter 2022 earnings released: EPS: NT$1.53 (vs NT$0.14 in 1Q 2021) First quarter 2022 results: EPS: NT$1.53 (up from NT$0.14 in 1Q 2021). Revenue: NT$1.60b (up 101% from 1Q 2021). Net income: NT$504.1m (up NT$464.7m from 1Q 2021). Profit margin: 31% (up from 4.9% in 1Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 91% per year but the company’s share price has only increased by 73% per year, which means it is significantly lagging earnings growth. Board Change • Apr 27
High number of new and inexperienced directors There are 5 new directors who have joined the board in the last 3 years. The company's board is composed of: 5 new directors. 1 experienced director. No highly experienced directors. Director Chen-Yu Kuo is the most experienced director on the board, commencing their role in 2014. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Reported Earnings • Feb 27
Full year 2021 earnings: Revenues and EPS in line with analyst expectations Full year 2021 results: EPS: NT$7.16 (up from NT$3.27 loss in FY 2020). Revenue: NT$5.53b (up 107% from FY 2020). Net income: NT$2.00b (up NT$2.91b from FY 2020). Profit margin: 36% (up from net loss in FY 2020). The move to profitability was primarily driven by higher revenue. Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 66% per year whereas the company’s share price has increased by 62% per year. Announcement • Feb 24
Shih Wei Navigation Co., Ltd., Annual General Meeting, May 31, 2022 Shih Wei Navigation Co., Ltd., Annual General Meeting, May 31, 2022. Location: No.459, Section 2, Wubin Road, Wujie Township, Yilan Taiwan County Yilan City Taiwan Agenda: To consider 2021 Business Report; to consider Supervisor's review of the 2021 annual final accounting books and statements; and to consider other matters. Valuation Update With 7 Day Price Move • Feb 21
Investor sentiment improved over the past week After last week's 19% share price gain to NT$46.45, the stock trades at a trailing P/E ratio of 12.4x. Average trailing P/E is 14x in the Shipping industry in Taiwan. Total returns to shareholders of 368% over the past three years. Reported Earnings • Nov 15
Third quarter 2021 earnings released: EPS NT$3.01 (vs NT$0.32 loss in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: NT$1.65b (up 136% from 3Q 2020). Net income: NT$840.3m (up NT$930.0m from 3Q 2020). Profit margin: 51% (up from net loss in 3Q 2020). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 44% per year but the company’s share price has increased by 57% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Oct 04
Investor sentiment deteriorated over the past week After last week's 19% share price decline to NT$47.00, the stock trades at a trailing P/E ratio of 42.9x. Average trailing P/E is 20x in the Shipping industry in Taiwan. Total returns to shareholders of 297% over the past three years. Valuation Update With 7 Day Price Move • Aug 23
Investor sentiment improved over the past week After last week's 25% share price gain to NT$60.50, the stock trades at a trailing P/E ratio of 55.2x. Average trailing P/E is 26x in the Shipping industry in Taiwan. Total returns to shareholders of 397% over the past three years. Reported Earnings • Aug 13
Second quarter 2021 earnings released: EPS NT$1.78 (vs NT$1.04 loss in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: NT$1.22b (up 101% from 2Q 2020). Net income: NT$496.0m (up NT$785.5m from 2Q 2020). Profit margin: 41% (up from net loss in 2Q 2020). Over the last 3 years on average, earnings per share has increased by 28% per year but the company’s share price has increased by 62% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • May 15
First quarter 2021 earnings released: EPS NT$0.14 (vs NT$1.41 loss in 1Q 2020) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: NT$798.8m (up 25% from 1Q 2020). Net income: NT$39.4m (up NT$432.4m from 1Q 2020). Profit margin: 4.9% (up from net loss in 1Q 2020). The move to profitability was primarily driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 28% per year but the company’s share price has increased by 35% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • Mar 30
Full year 2020 earnings released: NT$3.27 loss per share (vs NT$1.26 loss in FY 2019) The company reported a poor full year result with increased losses, weaker revenues and weaker control over costs. Full year 2020 results: Revenue: NT$2.67b (down 30% from FY 2019). Net loss: NT$912.0m (loss widened 159% from FY 2019). Over the last 3 years on average, earnings per share has increased by 40% per year but the company’s share price has only increased by 18% per year, which means it is significantly lagging earnings growth. Announcement • Mar 28
Shih Wei Navigation Co., Ltd. Reports Impairment Loss Shih Wei Navigation Co., Ltd. reported impairment loss of TWD 19,893,000. Is New 90 Day High Low • Dec 15
New 90-day high: NT$7.94 The company is up 11% from its price of NT$7.14 on 15 September 2020. The Taiwanese market is also up 11% over the last 90 days, indicating the company’s price trend is similar to the market over that time. However, it underperformed the Shipping industry, which is up 49% over the same period. Reported Earnings • Nov 14
Third quarter 2020 earnings released: NT$0.32 loss per share The company reported a poor third quarter result with increased losses and weaker revenues and control over expenses. Third quarter 2020 results: Revenue: NT$700.6m (down 28% from 3Q 2019). Net loss: NT$89.7m (loss widened 67% from 3Q 2019). Over the last 3 years on average, earnings per share has increased by 45% per year but the company’s share price has fallen by 19% per year, which means it is significantly lagging earnings. 
