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Employees: 5,106
Size Kerry TJ Logistics (2608.TW) is a Taiwan Industrials company (Trucking) with a market value of $391M, the 533rd largest of 687 Taiwan companies the cockpit tracks. Shares closed at NT$27.70 on 6 Nov 2026.
Performance Over six months the shares fell 7.7%, against -11.4% for the median peer and -3.4% for the Taiwan market (cap-weighted) — 8th highest of 21 in its peer set.
Growth Revenue fell 1.3% over the last twelve months (peer median +3.5%); the operating margin is 12.0% (peer median 5.1%).
Valuation It trades at 1.6× enterprise value to sales against a peer median of 1.1× (9th most expensive of 21).
Price implies For today's price to make sense, revenue must grow about -5% a year for seven years (Req g). Recent delivered growth is +1%, so the hurdle is -6 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 1.2 points above its cost of capital (5.0% WACC).
Next results Next results expected around 12 Nov 2026 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | NT$12.7B | NT$12.8B | NT$12.7B | NT$12.0B | NT$12.7B |
| Revenue growth | — | +1% | +5% | -5% | — |
| Gross profit | NT$2.23B | NT$2.23B | NT$2.24B | NT$2.12B | NT$2.28B |
| EBITDA | NT$3.02B | NT$3.02B | NT$3.00B | NT$2.96B | NT$3.01B |
| Net income | NT$897M | NT$921M | NT$1.05B | NT$1.70B | NT$1.24B |
| Free cash flow | NT$1.89B | NT$1.67B | NT$1.40B | NT$1.34B | NT$1.08B |
| Capital expenditure | NT$847M | NT$870M | NT$1.20B | NT$1.21B | NT$1.54B |
| Total debt | NT$8.69B | NT$8.38B | NT$8.39B | NT$8.33B | NT$9.39B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | 2608.TW | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -3.5% | -6.8% | 9th highest of 21 |
| 6-month return | -7.7% | -11.4% | 8th highest of 21 |
| Distance from 52-week high | -19.8% | -31.9% | 5th highest of 21 |
| Revenue growth (TTM) | -1.3% | +3.5% | 6th lowest of 21 |
| Operating margin | 12.0% | 5.1% | 4th highest of 21 |
| EV / Sales | 1.6× | 1.1× | 9th most expensive of 21 |
| Growth the price implies (Req g, 7 yrs) | -5.0% | 5.6% | 4th least demanding of 14 |
| Growth delivered (Del g) | +0.8% | +7.1% | 4th lowest of 14 |
| Hurdle (Req g minus delivered) | -5.8 pp | +2.7 pp | 7th least demanding of 14 |
| ROIC minus cost of capital | +1.2 pp | -0.3 pp | 9th highest of 21 |
| EV / EBITDA | 6.6× | 9.1× | 4th cheapest of 13 |
| Net debt / EBITDA | 2.1× | 1.3× | 6th most indebted of 13 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | EV / Sales | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Kerry TJ Logistics 2608.TW | Taiwan | $391M | -8% | -1% | 12% | 1.6× | -5.0% | +0.8% |
| Hangzhou Dadi Haiyang Environmental Protection 301068.SZ | China | $409M | -45% | +25% | 3% | 2.0× | 16.2% | +23.5% |
| K.R.S.Corporation 9369.T | Japan | $441M | -9% | +4% | 3% | 0.6× | n/a | n/a |
| Midac 6564.T | Japan | $326M | -12% | +14% | 40% | 4.8× | n/a | n/a |
| Yongtaiyun Chemical Logistics 001228.SZ | China | $481M | +7% | +31% | 5% | 0.9× | n/a | n/a |
| Jushen Logistics 001202.SZ | China | $315M | -26% | +16% | 6% | 1.6× | n/a | n/a |
| Zero 9028.T | Japan | $311M | -11% | +2% | 7% | 0.3× | -19.2% | +10.3% |
| Forward Air FWRD | United States | $562M | +69% | 0% | 3% | 1.0× | 17.1% | +14.5% |
| San Yang Ma (Chongqing) Logistics 001317.SZ | China | $606M | -11% | -51% | 4% | 5.5× | 35.8% | +7.1% |
| VRL Logistics VRLLOG.NS | India | $624M | +27% | +11% | 14% | 2.0× | 6.2% | +12.8% |
| Shengyuan Environmental Protection 300867.SZ | China | $638M | -24% | +3% | 28% | 4.9× | -4.1% | +8.5% |
| Transport Corporation of India TCI.NS | India | $700M | -12% | +12% | 8% | 1.3× | 14.9% | +11.9% |
| Shanghai Jin Jiang Online Network Service 600650.SS | China | $705M | -14% | -19% | -2% | 2.0× | 5.6% | -10.8% |
| Universal Logistics ULH | United States | $715M | +108% | -7% | 4% | 0.9× | n/a | n/a |
| Shibusawa Logistics 9304.T | Japan | $723M | +48% | +2% | 5% | 1.7× | 16.9% | +4.1% |
| Fulongma 603686.SS | China | $743M | -37% | +6% | 6% | 1.1× | 2.4% | -2.0% |
| Heartland Express HTLD | United States | $780M | -24% | -17% | -6% | 1.2× | n/a | n/a |
| Sakai Moving Service 9039.T | Japan | $785M | +2% | +4% | 10% | 0.8× | -11.2% | +4.5% |
| Covenant Logistics CVLG | United States | $801M | -5% | +12% | 1% | 0.8× | n/a | n/a |
| Shanghai Juss Sports and Entertainment 600676.SS | China | $802M | -36% | -14% | -15% | 0.8× | 5.1% | -11.0% |
| Maruzen Showa Unyu 9068.T | Japan | $922M | -15% | +3% | 10% | 0.9× | -7.4% | +4.2% |