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TS Lines Ltd (2510.HK)

HKD8.04 +0.10 (+1.26%)
HK HKSE Industrials Marine Shipping
Address 6F, No. 167, Tun-Hwa North Road 105
Taipei, HK
CEO Teh-Sheng Chen
IPO 2024-11-01
ISIN HK0001078598

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Description

T.S. Lines Ltd. specializes in providing container shipping and related logistics services. The company manages an extensive shipping network, operating both independently and in partnership with other carriers through arrangements such as joint services, slot exchanges, and slot charters. Founded on March 2, 2001, by Teh Sheng Chen and Chuang Chuang Li Chen, its corporate headquarters are situated in Hong Kong.

Market Cap & Enterprise Value
Merger & Acquisition History

No mergers or acquisitions recorded for this company.

Technical Outlook
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Signal Summary Loading…
Indicator 1D1W2W3W1M
Each column is computed on that timeframe's candles (1D = daily, 1W ≈ weekly, 1M ≈ monthly), not on the same last day. ▲ bullish · ▼ bearish · — neutral. The Net row counts signals per column; hover any cell (or the indicator name) to see the exact rule behind it.
Day Score & sub-scores
Statistical fingerprint & regime detail
Conditional historical analysis
Customize analysis (advanced)
Indicative levels generated algorithmically. Not financial advice.
Risk Profile
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Price Chart
Averages
Trend
Price
Levels
Draw
HKD8.04 +0.10 (+1.26%)
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Volume Profile
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Liquidity & share structure
Average Volume
3M
Beta
0.54
Float Shares
426.59M
Free Float %
25.6%
Price Performance
1D5D1M3M6M YTD1Y3Y5Y10YMax
+2.44% -4.34% +3.71% -11.88% +3.20% +1.21% +16.23% +104.39% +104.39% +104.39% +104.39%
Rolling Volatility
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Drawdown
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Relative Strength
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Monthly Returns Heatmap
From To
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Annual Monthly Returns
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Daily Returns Distribution
vs.
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Revenue flow

Revenue by geography

Revenue by segment

From To

Revenue composition

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By product

By geography

Financial Statements

Income Statement

Balance Sheet

Cash Flow Statement

Key Metrics

Financial Ratios

Employees

Financial Growth (CAGR)

Market Data

Price Targets & DCF
Current price
8.04
DCF (Unlevered) 25.06 +211.7%
DCF (Levered) 23.81 +196.1%

DCF figures are point estimates: small changes in growth or discount-rate assumptions move them materially. Read them as a reference, not a precise target.

Ratings Trend (MoM) 100% Bullish
Rating 2026-05 Change
Strong Buy 2 0
Buy 1 0
Hold 0 0
Sell 0 0
Strong Sell 0 0
Quality scores
Composite Rating
S-
Overall Score
5 / 5
High
DCF Score
5 / 5
High
ROE Score
5 / 5
High
ROA Score
5 / 5
High
D/E Score
4 / 5
High
P/E Score
4 / 5
High
P/Book Score
4 / 5
High
Operational MOAT
✗ Below peers
  • Revenue growth Marine Shipping: +2.8%
    -4.0%
  • EPS growth Marine Shipping: -1.4%
    -88.3%
  • FCF margin FCF growth · Marine Shipping: +26.4%
    +18.4% Q4'25: +19.6%
  • EBIT margin Marine Shipping: +23.2%
    +16.4% Q4'25: +15.8%
  • ROIC Marine Shipping: +6.9%
    +11.8% Q4'25: +22.8%
  • Share dilution Marine Shipping: +0.0%
    +0.0%
  • Debt / EBITDA Net debt/EBITDA · Marine Shipping: 1.05×
    0.41× Q4'25: 0.20×
Valuation Multiples From To
Price Forecast (3Y) From To
Model
Adjust
P/E
Theoretical Return — If Invested Today

* These projections are based on analyst consensus estimates and user-defined valuation multiples. This table is for informational purposes only and does not constitute a recommendation to buy or sell any security. Past performance is not indicative of future results.

DCF Interactive Model (UFCF)
Projection years:
Market assumptions
WACC components (optional)
Ke (Cost of Equity) = Rf + β (0.56) × ERP
WACC = 92% × Ke + 8% × Kd (4.1%) × (1−t)

Modifying these values recalculates WACC automatically.

Business assumptions
Intrinsic value (base): 25.14 Current price: 8.04
Enterprise Value: Equity Value: Terminal Value: TV as % of EV:

Base values reflect the latest available data for this company and market conditions.

Consensus Estimates
Metric Dec 2024
actual
Dec 2025
actual
Dec 2026
3 Rev. Ana.
3 EPS Ana.
Dec 2027
3 Rev. Ana.
3 EPS Ana.
Dec 2028
3 Rev. Ana.
3 EPS Ana.
Revenue
1.34B
est: 9.71B (-86.2%)
1.29B
est: 9.82B (-86.9%)
10.51B
10.11B – 10.95B
+7.1% YoY
11.05B
10.76B – 11.20B
+5.1% YoY
11.41B
11.05B – 11.72B
+3.3% YoY
EBITDA
545.61M
est: 4.19B (-87.0%)
367.29M
est: 4.23B (-91.3%)
4.53B
4.36B – 4.72B
+7.1% YoY
4.76B
4.64B – 4.83B
+5.1% YoY
4.92B
4.76B – 5.05B
+3.3% YoY
EBIT
368.65M
est: 2.91B (-87.3%)
210.76M
est: 2.95B (-92.8%)
3.15B
3.03B – 3.29B
+7.1% YoY
3.32B
3.23B – 3.36B
+5.1% YoY
3.42B
3.31B – 3.52B
+3.3% YoY
Net Income
365.91M
est: 2.40B (-84.7%)
329.39M
est: 3.00B (-89.0%)
2.61B
2.47B – 2.75B
-13.1% YoY
2.73B
2.49B – 2.97B
+4.6% YoY
3.05B
2.47B – 3.64B
+11.7% YoY
SGA
41.51M
est: 233.46M (-82.2%)
43.31M
est: 236.02M (-81.6%)
252.66M
243.03M – 263.19M
+7.1% YoY
265.67M
258.75M – 269.22M
+5.1% YoY
274.33M
265.58M – 281.78M
+3.3% YoY
EPS
1.71
est: 1.44 (+18.4%)
0.20
est: 1.87 (-89.3%)
1.54
1.49 – 1.65
-17.5% YoY
1.67
1.50 – 1.78
+8.5% YoY
1.85
1.48 – 2.18
+10.9% YoY
Historical Ratings (3M)
Date Rating Overall DCF ROE ROA D/E P/E P/B
2026-05-29 S- 5/5 5/5 5/5 5/5 4/5 4/5 4/5
2026-05-28 S- 5/5 5/5 5/5 5/5 4/5 4/5 4/5
2026-05-27 S- 5/5 5/5 5/5 5/5 4/5 4/5 4/5
2026-05-26 S- 5/5 5/5 5/5 5/5 4/5 4/5 4/5
2026-05-22 S- 5/5 5/5 5/5 5/5 3/5 4/5 4/5
2026-05-21 S- 5/5 5/5 5/5 5/5 3/5 4/5 4/5
2026-05-20 S- 5/5 5/5 5/5 5/5 3/5 4/5 4/5
2026-05-19 S- 5/5 5/5 5/5 5/5 3/5 4/5 4/5
2026-05-18 S- 5/5 5/5 5/5 5/5 3/5 4/5 4/5
2026-05-15 S- 5/5 5/5 5/5 5/5 3/5 4/5 4/5
2026-05-14 S- 5/5 5/5 5/5 5/5 3/5 4/5 4/5
2026-05-13 S- 5/5 5/5 5/5 5/5 3/5 4/5 4/5
2026-05-12 S- 5/5 5/5 5/5 5/5 3/5 4/5 4/5
2026-05-11 S- 5/5 5/5 5/5 5/5 3/5 4/5 4/5
2026-05-08 S- 5/5 5/5 5/5 5/5 3/5 4/5 4/5
2026-05-07 S- 5/5 5/5 5/5 5/5 3/5 4/5 4/5
2026-05-06 S- 5/5 5/5 5/5 5/5 3/5 4/5 4/5
2026-05-05 S- 5/5 5/5 5/5 5/5 3/5 4/5 4/5
2026-05-04 S- 5/5 5/5 5/5 5/5 3/5 4/5 4/5
2026-04-30 S- 5/5 5/5 5/5 5/5 3/5 5/5 4/5
2026-04-29 S- 5/5 5/5 5/5 5/5 2/5 5/5 4/5
2026-04-28 S- 5/5 5/5 5/5 5/5 2/5 5/5 4/5
2026-04-27 S- 5/5 5/5 5/5 5/5 2/5 5/5 4/5
2026-04-24 A+ 5/5 5/5 5/5 5/5 2/5 4/5 4/5
2026-04-23 A+ 5/5 5/5 5/5 5/5 2/5 4/5 4/5
2026-04-22 A+ 5/5 5/5 5/5 5/5 2/5 4/5 4/5
2026-04-21 A+ 5/5 5/5 5/5 5/5 2/5 4/5 4/5
2026-04-20 A+ 5/5 5/5 5/5 5/5 2/5 4/5 4/5
2026-04-17 A+ 5/5 5/5 5/5 5/5 2/5 4/5 4/5
2026-04-16 A+ 5/5 5/5 5/5 5/5 2/5 4/5 4/5

Owner Earnings

Owner's Earnings (history)

Owner's Earnings history not available.

Owner alignment
Owner's Earnings TTM
OE per share TTM
Owner's Yield
Maintenance CapEx ratio
Maint CapEx / Avg PPE

Ownership Overview

Ownership breakdown

Ownership breakdown not available.

At a glance
Institutional holders
Total invested
Insider transactions (90d)
0
Beneficial owners (>5%)
0
Beneficial owners (>5%)

No beneficial ownership filings recorded.

Institutional Activity (13F)

Institutional ownership trend

Institutional history not available.

Top institutional holders

Top holders not available.

ETF Ownership

Top ETFs holding this stock Held by 23 ETFs in our universe
# ETF Weight Est. AUM exposure TER
1 iShares International Small-Cap Equity Factor ETF ISCF 0.04% 284.4K 0.24%
2 iShares MSCI AC Far East ex-Japan Small Cap UCITS ETF ISFE.L 0.03% 19.6K 0.74%
3 Avantis International Small Cap Value ETF AVDV 0.02% 3.87M 0.36%
4 Avantis Global Small Cap Value UCITS ETF AVGS.L 0.02% 163.8K 0.39%
5 Avantis International Small Cap Equity ETF AVDS 0.01% 46.3K 0.30%
6 FlexShares Morningstar Developed Markets ex-US Factor Tilt Index Fund TLTD 0.01% 61.4K 0.41%
7 iShares Currency Hedged MSCI EAFE Small-Cap ETF HSCZ 0.01% 20.3K 0.83%
8 iShares MSCI EAFE Small-Cap ETF SCZ 0.01% 1.22M 0.40%
9 BMO MSCI EAFE Small-Mid Cap Index ETF ZESM.TO 0.01% 16.7K 0.40%
10 Vanguard MSCI International Small Cos Index ETF VISM.AX 0.00% 24.0K 0.32%

Insider Activity

Insider Activity — Latest Quarter

No insider activity available.

Insider buys vs sells (history)

Insider history not available.

Recent insider transactions

No recent insider transactions.

Executive team

Top executives
EBIT / Employee
232.1K
Shares Outstanding
1.67B

Executive compensation

Executive compensation (annual)

Executive compensation not available.

CEO compensation breakdown

No CEO compensation history available.

Proxy statements

Proxy statements (DEF 14A)

No proxy statements available for this company yet.

Recent SEC filings

Recent SEC filings

No SEC filings available for this company yet.

Executive team

NameTitleCompensationGender
Teh-Sheng Chen Founder, Chief Executive Officer & Executive Chairman 6M male
Hung-Lin To President & Executive Director 4M male
Chuang-Li Chuang Chen Executive Director 4M female
Shao-Hsiang Chen Vice President & Executive Vice Chairman 3M male
Hong Man Chow GM & Executive Director 2M male
Jen-Chieh Huang Senior Vice President male
Chung Kik Chan Chief Financial Officer & Company Secretary male
ESG Score History

No data available for this company.

Senate Trading Activity

No Senate trading activity found for this company.

House Trading Activity

No House trading activity found for this company.

Market share among peers
Peer comparison — filtered group (TTM)
Your opinion

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Dividend yield history

Dividend history

Earnings history

Earnings reports

Stock splits