YANG MING MARINE TRANSPORT CORPORATION Financials Yang Ming Marine Transport Corporation
Equities
2609
TW0002609005
Marine Freight & Logistics
|
End-of-day quote
Other stock markets
|
5-day change | 1st Jan Change | ||
| 71.4 TWD | +0.14% |
|
+36.00% | +39.18% |
| May. 13 | Yang Ming Marine Transport Corporation Reports Earnings Results for the First Quarter Ended March 31, 2024 | CI |
| May. 09 | What is in Huawei's new Pura 70 smartphones | RE |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| Capitalization 1 | 18,756 | 76,712 | 422,545 | 228,733 | 179,145 | 248,987 | - |
| Enterprise Value (EV) 1 | 18,756 | 96,373 | 268,615 | 94,050 | 121,023 | 137,158 | 135,010 |
| P/E ratio | - | 8.04 x | 2.51 x | 1.28 x | 37.4 x | 15 x | 951 x |
| Yield | - | - | 16.5% | 30.5% | - | 1.4% | 1.4% |
| Capitalization / Revenue | 0.13 x | 0.51 x | 1.27 x | 0.61 x | 1.27 x | 1.54 x | 1.79 x |
| EV / Revenue | 0.13 x | 0.64 x | 0.8 x | 0.25 x | 0.86 x | 0.85 x | 0.97 x |
| EV / EBITDA | 1.18 x | 2.63 x | 1.16 x | 0.39 x | 6.42 x | 4.24 x | 8.4 x |
| EV / FCF | 2.14 x | 3.64 x | 1.33 x | 0.45 x | -10.7 x | 5.96 x | 11.1 x |
| FCF Yield | 46.6% | 27.5% | 75.3% | 222% | -9.38% | 16.8% | 8.98% |
| Price to Book | 1.14 x | 2.18 x | 1.81 x | 0.67 x | 0.65 x | 0.82 x | 0.86 x |
| Nbr of stocks (in thousands) | 2,601,336 | 2,622,624 | 3,492,104 | 3,492,104 | 3,492,104 | 3,492,104 | - |
| Reference price 2 | 7.210 | 29.25 | 121.0 | 65.50 | 51.30 | 71.30 | 71.30 |
| Announcement Date | 3/30/20 | 3/30/21 | 3/16/22 | 3/15/23 | 3/14/24 | - | - |
1TWD in Million2TWD
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| Net sales 1 | 149,181 | 151,277 | 333,687 | 375,900 | 140,624 | 161,942 | 138,869 |
| EBITDA 1 | 15,856 | 36,662 | 230,642 | 240,776 | 18,862 | 32,386 | 16,078 |
| EBIT 1 | -1,015 | 19,460 | 203,385 | 220,698 | -1,666 | 13,603 | -2,198 |
| Operating Margin | -0.68% | 12.86% | 60.95% | 58.71% | -1.18% | 8.4% | -1.58% |
| Earnings before Tax (EBT) 1 | - | 16,150 | 202,377 | 233,621 | 11,296 | 21,078 | 443.5 |
| Net income 1 | - | 11,977 | 165,269 | 180,592 | 4,774 | 16,548 | 259 |
| Net margin | - | 7.92% | 49.53% | 48.04% | 3.39% | 10.22% | 0.19% |
| EPS 2 | - | 3.640 | 48.28 | 51.15 | 1.370 | 4.740 | 0.0750 |
| Free Cash Flow 1 | 8,745 | 26,487 | 202,290 | 209,240 | -11,350 | 23,015 | 12,124 |
| FCF margin | 5.86% | 17.51% | 60.62% | 55.66% | -8.07% | 14.21% | 8.73% |
| FCF Conversion (EBITDA) | 55.15% | 72.25% | 87.71% | 86.9% | - | 71.06% | 75.41% |
| FCF Conversion (Net income) | - | 221.15% | 122.4% | 115.86% | - | 139.08% | 4,681.08% |
| Dividend per Share 2 | - | - | 20.00 | 20.00 | - | 1.000 | 1.000 |
| Announcement Date | 3/30/20 | 3/30/21 | 3/16/22 | 3/15/23 | 3/14/24 | - | - |
1TWD in Million2TWD
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2021 Q4 | 2022 Q1 | 2022 Q2 | 2022 Q3 | 2022 Q4 | 2023 Q1 | 2023 Q2 | 2023 Q3 | 2023 Q4 | 2024 Q1 | 2024 Q2 | 2024 Q3 | 2024 Q4 | 2025 Q1 | 2025 Q2 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 102,681 | 106,704 | 109,448 | 99,813 | 59,935 | 36,953 | 35,046 | 35,901 | 32,723 | 43,801 | 42,549 | 39,975 | 36,016 | 35,135 | 35,601 |
| EBITDA 1 | - | - | 75,902 | - | - | - | - | 3,771 | 1,693 | 20,248 | 8,320 | 7,039 | 4,459 | - | - |
| EBIT 1 | 69,426 | 72,305 | 70,949 | 58,015 | 19,429 | 1,470 | 1,572 | -1,357 | -3,351 | 7,889 | 4,862 | 3,288 | -361.5 | 353 | 241 |
| Operating Margin | 67.61% | 67.76% | 64.82% | 58.12% | 32.42% | 3.98% | 4.49% | -3.78% | -10.24% | 18.01% | 11.43% | 8.23% | -1% | 1% | 0.68% |
| Earnings before Tax (EBT) 1 | 68,833 | 76,530 | 75,422 | 62,768 | 18,901 | 4,226 | 6,155 | 3,286 | -2,370 | 11,627 | 6,856 | 4,876 | 742.5 | 1,114 | 983 |
| Net income 1 | 55,391 | 60,577 | 55,533 | 49,748 | 14,734 | 3,401 | -130.3 | 2,806 | -1,303 | 9,379 | 5,388 | 3,818 | 562.5 | 843 | 719 |
| Net margin | 53.94% | 56.77% | 50.74% | 49.84% | 24.58% | 9.2% | -0.37% | 7.82% | -3.98% | 21.41% | 12.66% | 9.55% | 1.56% | 2.4% | 2.02% |
| EPS 2 | 15.86 | 17.25 | 15.82 | 14.11 | 4.180 | 0.9700 | -0.0400 | 0.8000 | -0.3700 | 2.680 | 1.540 | 1.095 | 0.1650 | 0.2400 | 0.2100 |
| Dividend per Share | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Announcement Date | 3/16/22 | 5/13/22 | 8/12/22 | 11/11/22 | 3/15/23 | 5/15/23 | 8/11/23 | 11/13/23 | 3/14/24 | 5/13/24 | - | - | - | - | - |
1TWD in Million2TWD
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| Net Debt 1 | - | 19,661 | - | - | - | - | - |
| Net Cash position 1 | - | - | 153,929 | 134,683 | 58,122 | 111,829 | 113,977 |
| Leverage (Debt/EBITDA) | - | 0.5363 x | - | - | - | - | - |
| Free Cash Flow 1 | 8,745 | 26,487 | 202,290 | 209,240 | -11,350 | 23,015 | 12,124 |
| ROE (net income / shareholders' equity) | -23.8% | 45.9% | 123% | 62.6% | 1.54% | 5.72% | -0.06% |
| ROA (Net income/ Total Assets) | -2.6% | 6.21% | 57% | 40.5% | 1.06% | 3.87% | 0.07% |
| Assets 1 | - | 192,989 | 289,696 | 446,282 | 450,387 | 427,597 | 398,462 |
| Book Value Per Share 2 | 6.330 | 13.40 | 66.90 | 97.10 | 79.30 | 87.00 | 82.80 |
| Cash Flow per Share 2 | - | - | - | 59.50 | 0.9700 | 9.750 | 5.500 |
| Capex 1 | 1,632 | 8,555 | 7,285 | 8,270 | 14,625 | 3,900 | 3,900 |
| Capex / Sales | 1.09% | 5.66% | 2.18% | 2.2% | 10.4% | 2.41% | 2.81% |
| Announcement Date | 3/30/20 | 3/30/21 | 3/16/22 | 3/15/23 | 3/14/24 | - | - |
1TWD in Million2TWD
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Year-on-year evolution of the Yield
Change in Enterprise Value/EBITDA
Trading Rating
Investor Rating
ESG Refinitiv
B
Sell
Buy
Mean consensus
OUTPERFORM
Number of Analysts
4
Last Close Price
71.3
TWD
Average target price
60.75
TWD
Spread / Average Target
-14.80%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| +38.99% | 7.7B | |
| +18.81% | 31.28B | |
| +60.00% | 29.77B | |
| -5.02% | 25.64B | |
| +10.07% | 13.99B | |
| +12.40% | 11.84B | |
| +27.34% | 11.73B | |
| +60.71% | 10.64B | |
| +13.68% | 10.07B | |
| -8.02% | 9.09B |
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