WAN HAI LINES LTD. |
End-of-day quote
Other stock markets
|
5-day change | 1st Jan Change | ||
| 88 TWD | +10.00% |
|
+1.15% | +60.00% |
| May. 15 | Wan Hai Lines Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2024 | CI |
| Mar. 15 | Wan Hai Lines Ltd. Reports Earnings Results for the Full Year Ended December 31, 2023 | CI |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| Capitalization 1 | 41,039 | 117,348 | 484,365 | 224,772 | 154,338 | 224,492 | - |
| Enterprise Value (EV) 1 | 41,039 | 117,348 | 484,365 | 224,772 | 105,168 | 145,228 | 145,959 |
| P/E ratio | - | 10.4 x | 4.7 x | 2.42 x | -26.6 x | 8.44 x | 103 x |
| Yield | - | - | - | - | - | 1.25% | - |
| Capitalization / Revenue | 0.56 x | 1.43 x | 2.12 x | 0.87 x | 1.54 x | 1.63 x | 2.04 x |
| EV / Revenue | 0.56 x | 1.43 x | 2.12 x | 0.87 x | 1.05 x | 1.06 x | 1.32 x |
| EV / EBITDA | 5.01 x | 6.3 x | 3.42 x | 1.61 x | 8.87 x | 2.79 x | 6.5 x |
| EV / FCF | 17.2 x | - | - | - | -2.94 x | 18 x | 93.2 x |
| FCF Yield | 5.83% | - | - | - | -34% | 5.57% | 1.07% |
| Price to Book | 1.14 x | - | 3.36 x | - | 0.75 x | 0.95 x | 1.09 x |
| Nbr of stocks (in thousands) | 2,806,146 | 2,806,146 | 2,806,146 | 2,806,146 | 2,806,146 | 2,806,146 | - |
| Reference price 2 | 14.62 | 41.82 | 172.6 | 80.10 | 55.00 | 80.00 | 80.00 |
| Announcement Date | 3/30/20 | 3/22/21 | 3/15/22 | 3/15/23 | 3/15/24 | - | - |
1TWD in Million2TWD
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| Net sales 1 | 72,951 | 81,880 | 228,005 | 258,953 | 100,220 | 137,563 | 110,250 |
| EBITDA 1 | 8,190 | 18,618 | 141,515 | 139,275 | 11,862 | 52,127 | 22,451 |
| EBIT 1 | 2,851 | - | 127,673 | 117,923 | -6,303 | 25,156 | 925 |
| Operating Margin | 3.91% | - | 56% | 45.54% | -6.29% | 18.29% | 0.84% |
| Earnings before Tax (EBT) 1 | - | - | 129,195 | 123,979 | -2,495 | 34,296 | 2,855 |
| Net income 1 | - | - | 103,343 | 93,072 | -5,796 | 27,011 | 2,184 |
| Net margin | - | - | 45.32% | 35.94% | -5.78% | 19.64% | 1.98% |
| EPS 2 | - | 4.032 | 36.76 | 33.05 | -2.070 | 9.480 | 0.7800 |
| Free Cash Flow 1 | 2,392 | - | - | - | -35,735 | 8,089 | 1,566 |
| FCF margin | 3.28% | - | - | - | -35.66% | 5.88% | 1.42% |
| FCF Conversion (EBITDA) | 29.21% | - | - | - | - | 15.52% | 6.98% |
| FCF Conversion (Net income) | - | - | - | - | - | 29.95% | 71.7% |
| Dividend per Share 2 | - | - | - | - | - | 1.000 | - |
| Announcement Date | 3/30/20 | 3/22/21 | 3/15/22 | 3/15/23 | 3/15/24 | - | - |
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 | 70,645 | 80,503 | 75,126 | 63,806 | 39,519 | 25,558 | 24,470 | 25,048 | 25,144 | 27,618 | 34,577 | 40,444 | 34,925 | 27,006 | 28,633 |
| EBITDA 1 | - | - | 44,501 | 30,774 | 10,462 | 1,971 | 2,940 | 4,206 | 2,746 | 6,184 | 6,458 | 4,186 | 4,218 | - | - |
| EBIT 1 | 43,811 | - | 39,308 | 25,118 | 4,641 | -3,199 | -1,716 | -114.2 | -1,273 | 2,229 | 6,909 | 10,363 | 5,251 | 376 | 905 |
| Operating Margin | 62.02% | - | 52.32% | 39.37% | 11.74% | -12.52% | -7.01% | -0.46% | -5.06% | 8.07% | 19.98% | 25.62% | 15.04% | 1.39% | 3.16% |
| Earnings before Tax (EBT) 1 | 44,261 | - | 40,579 | 28,189 | 4,758 | -2,452 | 1,984 | 3,272 | -5,299 | 6,141 | 9,084 | 12,171 | 6,496 | 836 | 1,365 |
| Net income 1 | 34,108 | 40,612 | 30,142 | 22,358 | -39.96 | -2,118 | -2,340 | 2,539 | -3,877 | 4,623 | 7,052 | 9,636 | 5,295 | 639 | 1,046 |
| Net margin | 48.28% | 50.45% | 40.12% | 35.04% | -0.1% | -8.29% | -9.56% | 10.14% | -15.42% | 16.74% | 20.4% | 23.83% | 15.16% | 2.37% | 3.65% |
| EPS 2 | 12.12 | 14.44 | 10.72 | 7.970 | - | -0.7500 | -0.8300 | 0.9000 | -1.390 | 1.650 | 2.513 | 3.433 | 1.887 | 0.2300 | 0.3700 |
| Dividend per Share | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Announcement Date | 3/15/22 | 5/13/22 | 8/11/22 | 11/11/22 | 3/15/23 | 5/15/23 | 8/14/23 | 11/14/23 | 3/15/24 | 5/15/24 | - | - | - | - | - |
1TWD in Million2TWD
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| Net Debt 1 | - | - | - | - | - | - | - |
| Net Cash position 1 | - | - | - | - | 49,170 | 79,264 | 78,533 |
| Leverage (Debt/EBITDA) | - | - | - | - | - | - | - |
| Free Cash Flow 1 | 2,392 | - | - | - | -35,735 | 8,089 | 1,566 |
| ROE (net income / shareholders' equity) | 10.1% | - | 110% | - | -2.69% | 11.3% | 0.98% |
| ROA (Net income/ Total Assets) | 4.34% | - | 56.4% | - | -1.66% | 7.52% | 0.65% |
| Assets 1 | - | - | 183,139 | - | 348,839 | 359,423 | 336,000 |
| Book Value Per Share 2 | 12.90 | - | 51.40 | - | 73.40 | 84.30 | 73.30 |
| Cash Flow per Share 2 | - | - | - | - | -51.00 | 9.010 | 6.570 |
| Capex 1 | 5,629 | - | 34,005 | - | 31,292 | 34,974 | 24,001 |
| Capex / Sales | 7.72% | - | 14.91% | - | 31.22% | 25.42% | 21.77% |
| Announcement Date | 3/30/20 | 3/22/21 | 3/15/22 | 3/15/23 | 3/15/24 | - | - |
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
80
TWD
Average target price
81
TWD
Spread / Average Target
+1.25%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| +45.45% | 6.94B | |
| +78.34% | 34.98B | |
| +35.19% | 34.54B | |
| -1.28% | 27.12B | |
| +11.90% | 14.9B | |
| +11.07% | 11.97B | |
| +25.50% | 11.75B | |
| +17.27% | 10.87B | |
| +54.25% | 10.2B | |
| -2.96% | 9.52B |
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- Financials Wan Hai Lines Ltd.
