Chinese Maritime Transport Ltd. AI Stock Analysis
Chinese Maritime Transport Ltd. (2612) AI Stock Analysis
Chinese Maritime Transport Ltd.
(TWSE:2612)
Chinese Maritime Transport earns a moderate score. Fundamentals carry the most weight and are respectable: profits and margins have rebounded well off the 2023 cyclical trough, operating cash flow of NT$2.23bn comfortably exceeds net income, and leverage is edging lower. However, three consecutive years of negative free cash flow from fleet investment, flat book value and single-digit returns on equity temper the picture. Valuation is supportive, with a 10.7x P/E and a near-4% dividend yield. The main drag is technical: the stock sits below all key moving averages with negative MACD, and while RSI and Stochastic readings are deeply oversold, no trend reversal has yet been confirmed. Overall, a reasonably valued, cash-generative shipping operator in an investment phase, held back by weak price momentum and sensitivity to the freight cycle.
Chinese Maritime Transport Ltd. (2612) vs. SPDR S&P 500 ETF (SPY)
- Market Cap
- TWD 11.24B
- Dividend Yield
- 3.87%
- Average Volume (3M)
- 798.14K
- Price to Earnings (P/E)
- 11.0
- Beta (1Y)
- 0.79
- Revenue Growth
- 1.54%
- EPS Growth
- -21.98%
- Country
- TW
- Employees
- 114
- Sector
- General
- Sector Strength
- 55
- Industry
- Marine Shipping
Chinese Maritime Transport Ltd. Business Overview & Revenue Model
Company Description
Chinese Maritime Transport Ltd. is a diversified logistics and shipping company with a global footprint, operating across Asia, the United States, Europe, and Oceania. The company specializes in bulk carrier operations and integrated inland container...
Chinese Maritime Transport Ltd. Financial Statement Overview
Summary
Solid but cyclically exposed fundamentals. The income statement is the strongest pillar (72): revenue has compounded roughly 9% annually since 2020 to NT$4.89bn, gross margin widened to 32.0% and operating profit jumped 58% to NT$1.10bn, with a 22.1% net margin — though dry-bulk rate volatility keeps earnings visibility low. The balance sheet is adequate (63): equity of NT$13.51bn funds about half of NT$26.32bn in assets and debt-to-equity eased to 0.86, but NT$11.59bn of borrowings, flat book value and an 8.0% ROE leave limited cushion. Cash flow is the weakest link (58): operating cash flow rose 19% to NT$2.23bn and more than doubles net income, yet heavy fleet capex has produced a third straight year of negative free cash flow (-NT$0.62bn), keeping the company reliant on debt and operating cash to fund expansion and dividends.
Income Statement
72PositiveBalance Sheet
63PositiveCash Flow
58Neutral| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 5.02B | 4.89B | 4.64B | 4.01B | 4.41B | 3.55B |
| Gross Profit | 1.73B | 1.56B | 1.18B | 857.38M | 1.39B | 774.37M |
| EBITDA | 2.14B | 2.40B | 2.88B | 1.98B | 1.98B | 1.33B |
| Net Income | 1.02B | 1.08B | 1.01B | 328.33M | 766.08M | 1.04B |
Balance Sheet | ||||||
| Total Assets | 27.85B | 26.32B | 27.41B | 23.41B | 20.45B | 19.08B |
| Cash, Cash Equivalents and Short-Term Investments | 3.23B | 3.51B | 4.64B | 4.58B | 4.58B | 3.97B |
| Total Debt | 12.96B | 11.59B | 12.67B | 10.67B | 7.73B | 7.57B |
| Total Liabilities | 13.98B | 12.79B | 13.76B | 11.76B | 8.80B | 8.65B |
| Stockholders Equity | 13.85B | 13.51B | 13.63B | 11.58B | 11.64B | 10.41B |
Cash Flow | ||||||
| Free Cash Flow | -1.37B | -617.84M | -2.06B | -1.91B | 548.48M | 65.05M |
| Operating Cash Flow | 2.04B | 2.23B | 1.87B | 1.27B | 1.94B | 1.14B |
| Investing Cash Flow | -3.29B | -1.94B | -2.97B | -3.98B | -594.03M | -270.96M |
| Financing Cash Flow | -2.02B | -1.34B | 1.33B | 2.59B | -669.18M | -1.58B |
Chinese Maritime Transport Ltd. Peers Comparison
Overall Rating
TW:261770Outperform
TW:560970Outperform- TW:261261Neutral
TW:290844Neutral
Financial Indicators
| Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
| TW:2617 | 70Outperform | TWD 12.58B | 8.20 | ― | 4.99% | 16.08% | 14.41% |
| TW:5609 | 70Outperform | TWD 11.17B | 9.34 | ― | 7.15% | 15.14% | 7.70% |
| TW:2612 | 61Neutral | TWD 11.20B | 11.05 | ― | 3.87% | 1.54% | -21.98% |
| Sector * | 55Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% |
| TW:2908 | 44Neutral | TWD 10.73B | 17.60 | ― | 2.54% | -1.04% | 480.86% |
* General Sector Average
Performance Comparison
| Show on chart | Ticker | Company Name | Price | Change | % Change |
|---|---|---|---|---|---|
| TW:2612 | Chinese Maritime Transport Ltd. | 56.80 | 7.07 | 14.22% | |
| TW:2617 | Taiwan Navigation Co., Ltd. | 30.05 | 1.84 | 6.50% | |
| TW:2908 | Test Rite International Co., Ltd. | 21.65 | 1.97 | 9.99% | |
| TW:5609 | Dimerco Express Corporation | 78.30 | 3.46 | 4.62% |
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.
Date of analysis: Nov 09, 2026