Dimerco Express Corporation AI Stock Analysis
Dimerco Express Corporation (5609) AI Stock Analysis
Dimerco Express Corporation
(TPEx:5609)
Dimerco scores well on fundamentals and valuation. The company pairs a very conservative balance sheet (debt-to-equity of 0.12), 17.8% ROE and high-quality cash flow (free cash flow at ~97% of net income) with margin expansion and 18% earnings growth. At 10.1x earnings and a 7.26% dividend yield, the shares look inexpensive relative to that cash-generating ability. Offsetting this, the stock's technical setup is weak — trading below its 20-, 50- and 100-day averages with a negative MACD and near-oversold momentum readings — and the business remains highly exposed to the volatile global freight cycle, where revenue has swung dramatically in recent years. The result is a solid, income-oriented score tempered by cyclical and near-term price-trend risks.
Dimerco Express Corporation (5609) vs. SPDR S&P 500 ETF (SPY)
- Market Cap
- TWD 11.01B
- Dividend Yield
- 7.15%
- Average Volume (3M)
- 141.08K
- Price to Earnings (P/E)
- 9.3
- Beta (1Y)
- 0.14
- Revenue Growth
- 15.14%
- EPS Growth
- 7.70%
- Country
- TW
- Employees
- 1,810
- Sector
- General
- Sector Strength
- 55
- Industry
- Integrated Freight & Logistics
Dimerco Express Corporation Business Overview & Revenue Model
Company Description
Dimerco Express Corporation, founded in 1971 and based in Taipei City, Taiwan, operates an extensive international transportation and logistics network. The company delivers a broad spectrum of services designed to streamline global trade. These enco...
Dimerco Express Corporation Financial Statement Overview
Summary
Dimerco combines a modest revenue year (NT$29.7bn, +2.5%) with strong earnings leverage: operating profit +26% and net income +18%, lifting operating margin to 4.7% and net margin to 3.8%. The balance sheet is a clear strength, with debt-to-equity of only 0.12, equity funding ~63% of assets, and ROE improving to 17.8%. Cash generation rebounded sharply, with operating cash flow of NT$1.55bn and free cash flow of NT$1.51bn converting at ~97% of net income on minimal capex. The main constraint is cyclicality — revenue and cash flow swing widely with global freight rates (-46% in 2023, +31% in 2024), and margins remain well below the 2022 freight-boom peak.
Income Statement
68PositiveBalance Sheet
81Very PositiveCash Flow
80Positive| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 31.77B | 29.68B | 28.95B | 22.04B | 41.17B | 38.99B |
| Gross Profit | 4.02B | 4.06B | 3.90B | 3.80B | 5.94B | 5.82B |
| EBITDA | 1.61B | 1.66B | 1.43B | 1.56B | 3.12B | 3.01B |
| Net Income | 1.09B | 1.13B | 954.81M | 1.02B | 2.54B | 2.31B |
Balance Sheet | ||||||
| Total Assets | 11.15B | 10.11B | 9.72B | 8.88B | 10.52B | 9.75B |
| Cash, Cash Equivalents and Short-Term Investments | 5.03B | 4.79B | 4.66B | 4.78B | 5.82B | 3.44B |
| Total Debt | 694.42M | 749.48M | 523.50M | 530.73M | 814.91M | 988.92M |
| Total Liabilities | 4.74B | 3.65B | 3.25B | 2.94B | 4.40B | 5.31B |
| Stockholders Equity | 6.30B | 6.34B | 6.36B | 5.84B | 6.00B | 4.31B |
Cash Flow | ||||||
| Free Cash Flow | 230.54M | 1.51B | 565.08M | 635.43M | 3.76B | 1.58B |
| Operating Cash Flow | 270.07M | 1.55B | 601.49M | 660.72M | 3.79B | 1.60B |
| Investing Cash Flow | 15.57M | -88.50M | -114.65M | 49.30M | -47.39M | -38.28M |
| Financing Cash Flow | -255.49M | -984.74M | -1.24B | -1.76B | -2.05B | -856.20M |
Dimerco Express Corporation Peers Comparison
Overall Rating
TW:261770Outperform
TW:273170Outperform- TW:560970Outperform
TW:261261Neutral
TW:980259Neutral
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:2731 | 70Outperform | TWD 12.64B | 9.46 | ― | 9.24% | 10.02% | -6.82% |
| 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% |
| TW:9802 | 59Neutral | TWD 12.52B | 14.45 | ― | 8.36% | 10.74% | -42.00% |
| 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:5609 | Dimerco Express Corporation | 78.30 | 3.46 | 4.62% | |
| 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:2731 | Lion Travel Service Co., Ltd. | 138.50 | -21.16 | -13.25% | |
| TW:2908 | Test Rite International Co., Ltd. | 21.65 | 1.97 | 9.99% | |
| TW:9802 | Fulgent Sun International (Holding) Co., Ltd. | 61.00 | -42.69 | -41.17% |
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