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Yang Ming Marine Transport Corporation (2609.TW)

TWD50.20 +2.20 (+4.58%)
TW TAI Industrials Marine Shipping
Address No. 271, Ming De 1st Road 20646
Keelung, TW
CEO Kuen-Rong Pai
IPO 2000-01-04
ISIN TW0002609005

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Description

Yang Ming Marine Transport Corporation, established in 1972 and headquartered in Keelung, Taiwan, operates globally through its subsidiaries. The company offers a wide range of maritime services, including shipping, vessel repair, and chartering, across major regions such as Taiwan, the United States, Europe, and Asia, as well as other international markets. Beyond its core services, Yang Ming Marine is involved in the procurement and sale of ships, containers, and chassis. It also functions as an agent for property, marine transport, and both international and domestic freight forwarding, in addition to managing shipping operations. The corporation's extensive service portfolio further includes warehouse and terminal management, storage solutions, information system support, insurance, cargo consolidation, container transportation, stevedoring, and comprehensive logistics services.

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
TWD50.20 +2.20 (+4.58%)
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Volume Profile
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Liquidity & share structure
Average Volume
26M
Beta
0.57
Float Shares
2.37B
Free Float %
67.8%
Price Performance
1D5D1M3M6M YTD1Y3Y5Y10YMax
-0.72% -4.83% -4.27% -13.06% -10.15% -13.38% -39.23% -21.16% -34.80% +191.01% +127.81%
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

From To

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
50.20
DCF (Unlevered) 464.30 +824.9%
DCF (Levered) 502.33 +900.7%

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) 40% Bullish
Rating 2026-05 Change
Strong Buy 0 -1
Buy 2 0
Hold 3 0
Sell 0 0
Strong Sell 0 0
Quality scores
Altman Z-Score
2.27
Grey zone
Piotroski F-Score
5 / 9
Average
MOAT Score
1 / 10
No MOAT
Composite Rating
A+
Overall Score
4 / 5
High
DCF Score
5 / 5
High
ROE Score
3 / 5
Medium
ROA Score
4 / 5
High
D/E Score
3 / 5
Medium
P/E Score
4 / 5
High
P/Book Score
5 / 5
High
Operational MOAT
✗ Below peers
  • Revenue growth Marine Shipping: +2.8%
    -26.6% Q1'26: -15.1% (vs Q1'25)
  • EPS growth Marine Shipping: -1.4%
    -73.3% Q1'26: -81.5% (vs Q1'25)
  • FCF margin FCF growth · Marine Shipping: +26.4%
    +2.2% Q1'26: -48.8% (vs Q1'25)
  • EBIT margin Marine Shipping: +23.2%
    +9.0% Q1'26: +1.9% (vs Q1'25)
  • ROIC Marine Shipping: +6.9%
    +6.7% Q1'26: +1.4% (vs Q1'25)
  • Share dilution Marine Shipping: +0.0%
    +1.2% Q1'26: +4.3% (vs Q1'25)
  • Debt / EBITDA Net debt/EBITDA · Marine Shipping: 1.05×
    0.57× Q1'26: 6.58× (vs Q1'25)
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 (0.58) × ERP
WACC = 90% × Ke + 10% × Kd (19.0%) × (1−t)

Modifying these values recalculates WACC automatically.

Business assumptions
Intrinsic value (base): 460.66 Current price: 50.20
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 2015
actual
Dec 2016
actual
Dec 2017
actual
Dec 2018
actual
Dec 2019
actual
Dec 2020
actual
Dec 2021
actual
Dec 2022
actual
Dec 2023
actual
Dec 2024
actual
Dec 2025
actual
Dec 2026
4 Rev. Ana.
4 EPS Ana.
Dec 2027
3 Rev. Ana.
2 EPS Ana.
Revenue
127.56B
est: 126.85B (+0.6%)
115.40B
est: 113.44B (+1.7%)
131.08B
est: 130.79B (+0.2%)
141.83B
est: 141.78B (+0.0%)
149.18B
est: 149.26B (-0.1%)
151.28B
est: 143.55B (+5.4%)
333.69B
est: 348.87B (-4.4%)
375.90B
est: 378.23B (-0.6%)
140.62B
est: 165.01B (-14.8%)
222.71B
est: 223.67B (-0.4%)
163.56B
est: 163.02B (+0.3%)
160.38B
139.48B – 170.22B
-1.6% YoY
171.26B
160.13B – 178.20B
+6.8% YoY
EBITDA
95.84M
est: 58.05B (-99.8%)
-7.12B
est: 51.91B (-113.7%)
7.03B
est: 59.85B (-88.3%)
1.09B
est: 64.88B (-98.3%)
17.27B
est: 68.30B (-74.7%)
36.91B
est: 65.69B (-43.8%)
222.46B
est: 159.65B (+39.3%)
254.86B
est: 173.08B (+47.2%)
34.34B
est: 74.48B (-53.9%)
101.36B
est: 100.95B (+0.4%)
34.78B
est: 73.58B (-52.7%)
72.39B
62.95B – 76.83B
-1.6% YoY
77.30B
72.27B – 80.43B
+6.8% YoY
EBIT
-6.13B
est: 46.50B (-113.2%)
-13.71B
est: 41.58B (-133.0%)
2.45B
est: 47.95B (-94.9%)
-5.25B
est: 51.97B (-110.1%)
395.14M
est: 54.72B (-99.3%)
19.71B
est: 52.62B (-62.5%)
204.95B
est: 127.89B (+60.3%)
236.02B
est: 138.66B (+70.2%)
13.81B
est: 59.15B (-76.6%)
81.42B
est: 80.17B (+1.6%)
14.64B
est: 58.43B (-74.9%)
57.49B
49.99B – 61.01B
-1.6% YoY
61.39B
57.40B – 63.87B
+6.8% YoY
Net Income
-7.72B
est: -16.26B (+52.5%)
-14.91B
est: -37.28B (+60.0%)
320.85M
est: -1.22B (+126.3%)
-6.59B
est: -10.44B (+36.9%)
-4.00B
est: -5.50B (+27.3%)
11.98B
est: 12.83B (-6.7%)
165.27B
est: 164.07B (+0.7%)
180.59B
est: 184.65B (-2.2%)
4.77B
est: 24.77B (-80.7%)
64.18B
est: 63.98B (+0.3%)
17.10B
est: 16.15B (+5.9%)
11.55B
6.13B – 14.49B
-28.5% YoY
14.56B
6.34B – 23.02B
+26.0% YoY
SGA
6.02B
est: 5.35B (+12.5%)
6.09B
est: 4.79B (+27.3%)
6.02B
est: 5.52B (+9.0%)
6.14B
est: 5.98B (+2.6%)
6.27B
est: 6.30B (-0.4%)
6.95B
est: 6.06B (+14.7%)
9.83B
est: 14.72B (-33.3%)
11.45B
est: 15.96B (-28.3%)
8.13B
est: 7.40B (+9.9%)
10.55B
est: 10.03B (+5.2%)
9.66B
est: 7.31B (+32.2%)
7.19B
6.25B – 7.63B
-1.6% YoY
7.68B
7.18B – 7.99B
+6.8% YoY
EPS
-4.80
est: -4.64 (-3.4%)
-9.22
est: -10.64 (+13.4%)
0.17
est: -0.35 (+148.8%)
-2.53
est: -2.98 (+15.1%)
-1.54
est: -1.57 (+1.9%)
4.51
est: 3.66 (+23.1%)
48.73
est: 46.84 (+4.0%)
51.71
est: 53.16 (-2.7%)
1.37
est: 7.09 (-80.7%)
18.38
est: 18.59 (-1.2%)
4.90
est: 4.59 (+6.8%)
3.32
1.73 – 4.09
-27.6% YoY
4.17
1.79 – 6.49
+25.5% YoY
Historical Ratings (3M)
Date Rating Overall DCF ROE ROA D/E P/E P/B
2026-05-12 A+ 4/5 5/5 3/5 4/5 3/5 4/5 5/5
2026-05-11 A+ 4/5 5/5 3/5 4/5 3/5 4/5 5/5
2026-05-08 A+ 4/5 5/5 3/5 4/5 3/5 4/5 5/5
2026-05-07 A+ 4/5 5/5 3/5 4/5 3/5 4/5 5/5
2026-05-06 A+ 4/5 5/5 3/5 4/5 3/5 4/5 5/5
2026-05-05 A 4/5 5/5 2/5 4/5 3/5 4/5 5/5
2026-05-04 A 4/5 5/5 2/5 4/5 3/5 4/5 5/5
2026-04-30 A 4/5 5/5 2/5 4/5 3/5 4/5 5/5
2026-04-29 A 4/5 5/5 2/5 4/5 2/5 4/5 5/5
2026-04-28 A 4/5 5/5 2/5 4/5 2/5 4/5 5/5
2026-04-27 A 4/5 5/5 2/5 4/5 2/5 4/5 5/5
2026-04-24 A 4/5 5/5 2/5 4/5 2/5 4/5 5/5
2026-04-23 A 4/5 5/5 2/5 4/5 2/5 4/5 5/5
2026-04-22 A 4/5 5/5 2/5 4/5 2/5 4/5 5/5
2026-04-21 A 4/5 5/5 2/5 4/5 2/5 4/5 5/5
2026-04-20 A 4/5 5/5 2/5 4/5 2/5 4/5 5/5
2026-04-17 A 4/5 5/5 2/5 4/5 2/5 4/5 5/5
2026-04-16 A 4/5 5/5 2/5 4/5 2/5 4/5 5/5

Owner Earnings

Owner's Earnings (history) From To
Owner alignment
Owner's Earnings TTM
-46.21B
OE per share TTM
-12.96
Owner's Yield
-25.54%
Maintenance CapEx ratio
1,650.67%
Maint CapEx / Avg PPE
70.0%

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 135 ETFs in our universe
# ETF Weight Est. AUM exposure TER
1 Global X - MSCI SuperDividend Emerging Markets ETF SDEM 1.94% 859.7K 0.66%
2 iShares Emerging Markets Dividend ETF DVYE 1.67% 20.07M 0.50%
3 iShares EM Dividend UCITS ETF IEDY.L 1.67% 24.23M 0.65%
4 iShares MSCI Taiwan ETF EWT 0.33% 35.25M 0.59%
5 Schwab Fundamental Emerging Markets Large Company Index ETF FNDE 0.25% 23.36M 0.39%
6 iShares Edge MSCI EM Value Factor UCITS ETF EMVL.L 0.23% 3.83M 0.40%
7 Fidelity Emerging Markets Limited FEMI.L 0.19% 412.2K 0.50%
8 Fidelity Emerging Markets Quality Income UCITS ETF INC-USD FEME.L 0.19% 412.2K 0.50%
9 FlexShares International Quality Dividend Dynamic Index Fund IQDY 0.19% 203.8K 0.51%
10 iShares Global Monthly Dividend Index ETF (CAD-Hedged) CYH.TO 0.18% 246.7K 0.66%

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
3.01M
Shares Outstanding
3.49B

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
Der-Shi Tsao Executive Vice President, Chief Information Security Officer & Chief Information Officer 11M male
Kun-Rong Pai President 9M male
Mei-Chi Shih Executive Vice President 8M male
Shih-Chou Lee Executive Vice President 8M male
Jeng-Shong Jeng Chief Marine Technology Officer & Senior Vice President 7M male
Yu-Wen Su Chief Financial Officer 7M male
Guan Sheng Fu Accounting Supervisor
Tseng-Yu Chiu Chief Administrative Officer & Senior Vice President female
Yi-Ta Wu Senior Vice President, Chief Logistics Officer & Chief Strategy Officer male
Chao-Feng Chang Senior Vice President 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