Sea & Land Integrated Corp. (5603) AI Stock Analysis

Sea & Land Integrated Corp.

(TPEx:5603)

Select Model

Rating:50Neutral

Price Target:TWD 13.00▼(-3.35% Downside)

Action:initiatedcoverage

Date:11/10/26

The score is primarily constrained by declining profitability and weak cash-flow conversion, despite a strong balance sheet. Bearish technical positioning further weighs on the result, while the dividend yield provides limited support against the relatively high P/E ratio.

Positive Factors

Conservative LeverageControlled leverage reduces financial risk and preserves flexibility when operating conditions weaken. A substantial equity base relative to assets gives the company greater resilience and leaves more capacity to manage obligations or support investment without relying heavily on additional borrowing.

Negative Factors

Revenue ContractionA decline in annual revenue signals weaker demand, activity, or customer throughput in the latest reporting period. If this contraction persists, it can reduce operating leverage, limit reinvestment capacity, and make it harder for the company to rebuild sustainable earnings growth.

Sea & Land Integrated Corp. (5603) vs. SPDR S&P 500 ETF (SPY)

Market Cap: TWD 1.38B
Dividend Yield: 3.72%
Average Volume (3M): 109.71K
Price to Earnings (P/E): 33.6
Beta (1Y): 0.16
Revenue Growth: -11.85%
EPS Growth: 594.55%
Country: TW
Employees: 268
Sector: General
Sector Strength: 55
Industry: Integrated Freight & Logistics

Sea & Land Integrated Corp. Business Overview & Revenue Model

Company Description

Sea & Land Integrated Corp. primarily provides transportation services across Taiwan. Its comprehensive array of operations encompasses container shipping, maritime transport, and warehousing solutions. Beyond these core logistics, the company is als...

Sea & Land Integrated Corp. Financial Statement Overview

Summary

Financial performance is weakened by declining revenue, compressed margins, lower returns, and deteriorating free cash flow. The strong, conservatively leveraged balance sheet and positive operating cash flow provide meaningful support.

Income Statement

35Negative

Balance Sheet

78Positive

Cash Flow

45Neutral

Financial statement breakdown
Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	1.37B	1.36B	1.82B	1.80B	1.96B	1.99B
Gross Profit	166.76M	165.64M	270.66M	273.65M	314.51M	276.41M
EBITDA	104.96M	160.66M	276.75M	345.89M	217.06M	186.81M
Net Income	42.55M	41.62M	129.57M	202.91M	198.50M	742.59M
Balance Sheet
Total Assets	2.74B	2.68B	2.78B	2.80B	2.62B	2.91B
Cash, Cash Equivalents and Short-Term Investments	219.40M	241.02M	203.37M	167.86M	227.49M	503.83M
Total Debt	536.78M	509.72M	526.43M	500.76M	469.46M	599.09M
Total Liabilities	796.40M	714.96M	780.95M	893.01M	804.67M	965.55M
Stockholders Equity	1.87B	1.89B	1.93B	1.84B	1.74B	1.89B
Cash Flow
Free Cash Flow	-5.66M	85.78M	214.99M	-63.46M	29.50M	-45.08M
Operating Cash Flow	120.53M	250.56M	278.85M	116.86M	376.15M	134.60M
Investing Cash Flow	-61.72M	-49.48M	-89.42M	-217.64M	-316.96M	460.16M
Financing Cash Flow	-48.76M	-144.48M	-208.06M	44.36M	-325.43M	-345.18M

Sea & Land Integrated Corp. Peers Comparison

Overall Rating

UnderperformOutperform

Sector (55)

Financial Indicators

TW:5603 against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
TW:9960	66Neutral	TWD 1.38B	18.60	―	3.66%	1.76%	50.81%
Sector *	55Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%
TW:4807	52Neutral	TWD 1.46B	10.72	―	―	13.62%	―
TW:5603	50Neutral	TWD 1.38B	33.63	―	3.72%	-11.85%	594.55%
TW:2719	44Neutral	TWD 1.25B	17.03	―	―	-20.72%	―
TW:5906	44Neutral	TWD 1.43B	-1430.15	―	0.51%	-0.10%	-103.99%

* General Sector Average

Performance Comparison

TW:5603 and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
TW:5603	Sea & Land Integrated Corp.	13.45	-4.88	-26.61%
TW:1343	Sun Rise E&T Corp.	33.35	-0.75	-2.20%
TW:2719	TSG Star Travel Corp	18.05	-17.05	-48.58%
TW:4807	Regal Holding Co Ltd	31.40	13.92	79.60%
TW:5906	Tainan Enterprise (Cayman) Co., Limited	38.90	-9.44	-19.52%
TW:9960	Dacome International Ltd.	42.40	22.01	107.93%

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 10, 2026

Sea & Land Integrated Corp. AI Stock Analysis