Chien Shing Harbour Service Co. Ltd. (8367) AI Stock Analysis

Chien Shing Harbour Service Co. Ltd.

(TWSE:8367)

Select Model

Rating:52Neutral

Price Target:TWD 40.00▼(-1.60% Downside)

Action:initiatedcoverage

Date:11/10/26

The score is constrained primarily by high leverage, persistent negative free cash flow, and weak technical momentum. Strong revenue and net income growth plus an attractive P/E ratio and dividend yield provide meaningful support, producing a moderate overall score.

Positive Factors

Revenue GrowthAn upward revenue trend indicates continued demand for the company’s harbor-related services and provides a durable base for earnings. Growth accelerating into 2024–2025 supports operating scale and can help sustain investment and market position over the next several quarters.

Negative Factors

Rising LeverageThe sustained increase in debt relative to equity indicates heavier reliance on borrowing and reduces financial flexibility. Higher leverage can make the company more sensitive to funding costs and weaker shipping conditions, while limiting its ability to invest or absorb operating setbacks.

Chien Shing Harbour Service Co. Ltd. (8367) vs. SPDR S&P 500 ETF (SPY)

Market Cap: TWD 3.75B
Dividend Yield: 6.88%
Average Volume (3M): 18.78K
Price to Earnings (P/E): 12.4
Beta (1Y): 0.19
Revenue Growth: 6.77%
EPS Growth: -1.08%
Country: TW
Employees: 453
Sector: General
Sector Strength: 55
Industry: Marine Shipping

Chien Shing Harbour Service Co. Ltd. Business Overview & Revenue Model

Company Description

Chien Shing Harbour Service Co.,Ltd., established in 1978 and headquartered in Taichung, Taiwan, delivers a comprehensive array of logistics and port services. These core offerings include customs clearance, freight transportation, warehousing soluti...

Chien Shing Harbour Service Co. Ltd. Financial Statement Overview

Summary

Revenue and net income growth are strong, but high leverage and persistently negative free cash flow materially weaken financial quality. The cash flow score was adjusted to the required minimum of 37 before averaging the three financial statement scores.

Income Statement

72Positive

Balance Sheet

38Negative

Cash Flow

20Very Negative

Financial statement breakdown
Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	3.29B	3.24B	2.90B	2.32B	2.34B	2.45B
Gross Profit	981.70M	1.04B	965.59M	696.38M	749.03M	828.64M
EBITDA	1.49B	1.54B	1.48B	1.10B	911.55M	1.41B
Net Income	290.04M	350.43M	317.18M	285.03M	259.55M	576.41M
Balance Sheet
Total Assets	18.05B	17.50B	16.87B	15.18B	11.28B	9.76B
Cash, Cash Equivalents and Short-Term Investments	752.24M	927.21M	1.26B	982.75M	1.28B	1.50B
Total Debt	12.88B	12.18B	11.68B	10.37B	6.72B	5.85B
Total Liabilities	13.42B	12.73B	12.30B	11.02B	7.36B	6.38B
Stockholders Equity	3.26B	3.44B	3.32B	3.06B	2.98B	2.61B
Cash Flow
Free Cash Flow	-298.61M	-109.50M	-377.43M	-1.10B	-946.86M	-193.89M
Operating Cash Flow	1.15B	1.14B	1.27B	678.72M	880.67M	899.50M
Investing Cash Flow	-1.49B	-1.07B	-1.89B	-1.74B	-1.72B	-1.47B
Financing Cash Flow	229.33M	-176.91M	713.38M	748.04M	756.65M	1.19B

Chien Shing Harbour Service Co. Ltd. Peers Comparison

Overall Rating

UnderperformOutperform

Sector (55)

Financial Indicators

TW:8367 against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
TW:6951	74Outperform	TWD 3.18B	10.76	―	5.12%	15.67%	-3.73%
TW:4417	73Outperform	TWD 4.02B	9.25	―	7.31%	4.16%	-8.23%
TW:5604	62Neutral	TWD 3.36B	25.12	―	6.47%	3.05%	48.69%
TW:8905	56Neutral	TWD 4.11B	41.88	―	1.99%	10.41%	-5.43%
Sector *	55Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%
TW:8367	52Neutral	TWD 3.82B	12.39	―	6.88%	6.77%	-1.08%
TW:2601	44Neutral	TWD 3.47B	-3.13	―	―	―	―

* General Sector Average

Performance Comparison

TW:8367 and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
TW:8367	Chien Shing Harbour Service Co. Ltd.	40.65	-0.58	-1.40%
TW:2601	First Steamship Co., Ltd.	5.07	-1.69	-25.01%
TW:4417	King Chou Marine Technology Co., Ltd	48.55	-4.11	-7.81%
TW:5604	Chung Lien Co., Ltd	30.85	-5.21	-14.44%
TW:6951	Chin Hsin Environ Engineering Co. Ltd.	61.60	-0.96	-1.53%
TW:8905	Eagle Cold Storage Enterprise Co., Ltd.	35.95	5.63	18.56%

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

Chien Shing Harbour Service Co. Ltd. AI Stock Analysis