Valuation Taiwan Navigation Co., Ltd.

Equities

End-of-day quote Taiwan S.E. Other stock markets 2025-12-08			5-day change	1st Jan Change
31.05 ^TWD	-1.90%		-1.27%	+4.72%

11-03	Taiwan Navigation Co., Ltd. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2025	CI
08-05	Taiwan Navigation Co., Ltd. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2025	CI

Data adjusted to current consolidation scope

Fiscal Period: December	2019	2020	2021	2022	2023	2024
Capitalization ¹	7,407	8,805	15,502	11,225	13,771	12,373
Change	-	18.87%	76.07%	-27.59%	22.68%	-10.15%
Enterprise Value (EV) ¹	9,854	12,427	15,607	14,302	17,420	16,345
Change	-	26.1%	25.59%	-8.36%	21.8%	-6.18%
P/E ratio	12.3x	17x	11.8x	5.58x	8.29x	9.66x
PBR	0.72x	0.82x	0.99x	0.71x	0.86x	0.68x
PEG	-	-1.2x	0x	0.1x	-0.5x	-0.4x
Capitalization / Revenue	2.38x	3.53x	4.81x	2.9x	3.45x	2.81x
EV / Revenue	3.16x	4.99x	4.84x	3.69x	4.37x	3.71x
EV / EBITDA	15.2x	24.3x	13.4x	7.46x	8.28x	6.28x
EV / EBIT	16.3x	26.9x	14x	12.6x	14.1x	9.85x
EV / FCF	16.5x	-17.9x	-4.73x	-10.6x	-23.8x	-9.17x
FCF Yield	6.07%	-5.6%	-21.2%	-9.47%	-4.2%	-10.9%
Dividend per Share ²	0.8	0.9	2	2.2	1.6	1.5
Rate of return	4.51%	4.27%	5.38%	8.18%	4.85%	5.06%
EPS ²	1.44	1.24	3.16	4.82	3.98	3.07
Distribution rate	55.6%	72.6%	63.3%	45.6%	40.2%	48.9%
Net sales ¹	3,114	2,491	3,226	3,873	3,990	4,400
EBITDA ¹	650.4	511.1	1,161	1,918	2,103	2,601
EBIT ¹	603.8	461.2	1,112	1,136	1,236	1,659
Net income ¹	601.1	518.1	1,320	2,015	1,663	1,283
Net Debt ¹	2,447	3,622	104.5	3,077	3,650	3,972
Reference price ²	17.75	21.10	37.15	26.90	33.00	29.65
Nbr of stocks (in thousands)	417,294	417,294	417,294	417,294	417,294	417,294
Announcement Date	3/26/20	3/24/21	3/30/22	3/15/23	3/14/24	3/13/25

¹TWD in Million²TWD

Estimates

Add to a list 0 selected To use this feature you must be a member Log in Sign up	P/E (Y)	EV / Sales (Y)	EV / EBITDA (Y)	Dividend Yield (Y)	Capi.($)
TAIWAN NAVIGATION CO., LTD.	-	-	-	-	422M
EVERGREEN MARINE CORPORATION (TAIWAN) LTD.	6.56x	0.87x	2.76x	9.95%	12.66B
WALLENIUS WILHELMSEN ASA	3.85x	1.06x	3.06x	17.96%	4B
COSCO SHIPPING SPECIALIZED CARRIERS CO.,LTD.	10.24x	-	-	-	2.78B
ZIM INTEGRATED SHIPPING SERVICES LTD.	6.86x	0.77x	2.54x	5.5%	2.41B
STAR BULK CARRIERS CORP.	19.54x	3.47x	8.42x	3.15%	2.33B
DANAOS CORPORATION	3.64x	1.8x	2.47x	3.57%	1.8B
HÖEGH AUTOLINERS ASA	3.53x	1.66x	3.92x	24.54%	1.74B
Average	7.75x	1.60x	3.86x	10.78%	3.52B
Weighted average by Cap.	7.28x	1.25x	3.38x	10.72%