Chinese Maritime Transport Ltd. (2612) AI Stock Analysis

Chinese Maritime Transport Ltd.

(TWSE:2612)

Select Model

Rating:62Neutral

Price Target:TWD 58.00▲(2.11% Upside)

Action:initiatedcoverage

Date:11/10/26

The score is primarily constrained by negative free cash flow, sharp revenue contraction, and weak technical momentum. Attractive profitability, improving leverage, a low P/E ratio, and a nearly 4% dividend yield provide meaningful support.

Positive Factors

Resilient Profit MarginsImproved gross margin and a sustained net margin near 22% indicate that the company retains meaningful earnings power despite weaker revenue. This profitability provides internal capacity to support operations, absorb some industry volatility, and preserve competitiveness over the next several quarters.

Negative Factors

Sharp Revenue ContractionA roughly 39% year-over-year revenue decline demonstrates substantial exposure to shipping demand and pricing cycles. Even with resilient margins, such top-line volatility can reduce operating scale, weaken earnings visibility, and make sustained growth more difficult over the next several quarters.

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

Profitability is solid, with a 32.0% gross margin, 22.1% net margin, and 6.4% net income growth, while leverage improved. However, revenue declined 38.9% and free cash flow remained negative at -617.8 million, materially weakening the overall financial profile.

Income Statement

72Positive

Balance Sheet

68Positive

Cash Flow

42Neutral

Financial statement breakdown
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

UnderperformOutperform

Sector (55)

Financial Indicators

TW:2612 against its peers
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	62Neutral	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

TW:2612 and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
TW:2612	Chinese Maritime Transport Ltd.	56.80	6.88	13.78%
TW:2617	Taiwan Navigation Co., Ltd.	30.05	1.88	6.69%
TW:2908	Test Rite International Co., Ltd.	21.65	2.02	10.27%
TW:5609	Dimerco Express Corporation	78.30	3.18	4.23%

Glossary

BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

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

Chinese Maritime Transport Ltd. AI Stock Analysis