Shih Wei Navigation Co., Ltd. AI Stock Analysis
Shih Wei Navigation Co., Ltd. (5608) AI Stock Analysis
Shih Wei Navigation Co., Ltd.
(TWSE:5608)
Shih Wei Navigation scores below average, weighed down by a weak profit and loss statement: three straight years of losses, revenue less than half the 2022 peak and razor-thin gross margins leave the company reliant on a freight-rate recovery to restore profitability. Offsetting this are genuine improvements in financial resilience - debt more than halved since 2020, leverage at a multi-year low, EBITDA margins near 48%, and a return to positive free cash flow - which suggest the business can comfortably ride out the downcycle. Technicals add further pressure, with the share price below all major moving averages and a negative MACD, though deeply oversold RSI and Stochastic readings suggest selling may be nearing exhaustion. Valuation is unsupportive on a 148.9x P/E with no dividend, albeit distorted by trough earnings. Overall: a stabilising balance sheet and solid cash conversion are not yet enough to offset depressed earnings and a clear downtrend.
Shih Wei Navigation Co., Ltd. (5608) vs. SPDR S&P 500 ETF (SPY)
- Market Cap
- TWD 6.02B
- Dividend Yield
- ―
- Average Volume (3M)
- 7.18M
- Price to Earnings (P/E)
- 16.2
- Beta (1Y)
- 0.40
- Revenue Growth
- 9.70%
- EPS Growth
- ―
- Country
- TW
- Employees
- 1,083
- Sector
- General
- Sector Strength
- 55
- Industry
- Marine Shipping
Shih Wei Navigation Co., Ltd. Business Overview & Revenue Model
Company Description
Shih Wei Navigation Co., Ltd. is a Taiwan-based enterprise primarily engaged in the sea freight transport of dry bulk commodities. The company's operations extend beyond just shipping, encompassing a full range of maritime services including shipping...
Shih Wei Navigation Co., Ltd. Financial Statement Overview
Summary
A mixed picture dominated by a weak income statement (score 38): revenue fell to NT$3.18bn, less than half the 2022 peak, gross margin compressed to 6.4%, and the company posted an operating loss and a third consecutive annual net loss, albeit a much narrower NT$49.5m that is close to breakeven. The balance sheet is the clear strength (score 64), with total debt cut to NT$7.48bn from a NT$16.6bn peak in 2020 and debt-to-equity down to a multi-year low of 0.79, giving real staying power through the cycle. Cash flow (score 60) also improved, with operating cash flow up 31% to NT$1.10bn and free cash flow back in positive territory at NT$242m, confirming that losses are largely non-cash depreciation. Still, thin margins, negative ROE and extreme freight-rate sensitivity cap the score.
Income Statement
38NegativeBalance Sheet
64PositiveCash Flow
60Neutral| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 3.25B | 3.18B | 3.49B | 3.46B | 6.72B | 5.53B |
| Gross Profit | 525.23M | 203.26M | 312.41M | 136.09M | 3.17B | 2.58B |
| EBITDA | 1.02B | 1.52B | 1.45B | 1.53B | 4.23B | 3.88B |
| Net Income | 36.99M | -49.52M | -269.25M | -476.00M | 2.03B | 2.00B |
Balance Sheet | ||||||
| Total Assets | 17.08B | 18.14B | 20.86B | 21.15B | 25.08B | 24.32B |
| Cash, Cash Equivalents and Short-Term Investments | 1.31B | 2.22B | 2.63B | 3.70B | 5.60B | 5.21B |
| Total Debt | 4.44B | 7.48B | 9.39B | 10.02B | 12.81B | 15.78B |
| Total Liabilities | 7.26B | 8.58B | 10.58B | 11.44B | 14.88B | 17.30B |
| Stockholders Equity | 9.72B | 9.48B | 10.11B | 9.48B | 10.13B | 6.85B |
Cash Flow | ||||||
| Free Cash Flow | 341.08M | 241.78M | -1.55B | 4.96M | 3.42B | 3.37B |
| Operating Cash Flow | 1.30B | 1.10B | 838.54M | 411.60M | 3.80B | 3.58B |
| Investing Cash Flow | -20.51M | 670.56M | -1.35B | 578.84M | -58.40M | 488.57M |
| Financing Cash Flow | -2.26B | -1.71B | -1.01B | -2.99B | -3.94B | 682.15M |
Shih Wei Navigation Co., Ltd. Peers Comparison
Overall Rating
TW:264165Neutral- TW:560847Neutral
Financial Indicators
Performance Comparison
| Show on chart | Ticker | Company Name | Price | Change | % Change |
|---|---|---|---|---|---|
| TW:5608 | Shih Wei Navigation Co., Ltd. | 16.45 | -0.70 | -4.08% | |
| TW:2641 | Franbo Lines Corp. | 16.40 | -3.41 | -17.19% |
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