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Size Taiwan Navigation (2617.TW) is a Taiwan Industrials company (Marine Shipping) with a market value of $368M, the 561st largest of 687 Taiwan companies the cockpit tracks. Shares closed at NT$29.15 on 6 Nov 2026.
Performance Over six months the shares fell 0.5%, against -12.3% for the median peer and -3.4% for the Taiwan market (cap-weighted) — 4th highest of 21 in its peer set.
Growth Revenue grew 7.8% over the last twelve months (peer median +20.7%); the operating margin is 39.8% (peer median 11.2%).
Valuation It trades at 6.5× forward earnings against a peer median of 8.5× (6th cheapest of 14).
Price implies For today's price to make sense, revenue must grow about -8% a year for seven years (Req g). Recent delivered growth is +12%, so the hurdle is -19 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 1.6 points above its cost of capital (5.0% WACC).
Next results Next results expected around 9 Nov 2026 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | NT$4.63B | NT$4.30B | NT$4.40B | NT$3.99B | NT$3.87B |
| Revenue growth | — | -2% | +10% | +3% | — |
| Gross profit | NT$2.03B | NT$1.79B | NT$1.84B | NT$1.44B | NT$1.33B |
| EBITDA | NT$2.79B | NT$2.53B | NT$2.60B | NT$2.10B | NT$1.92B |
| Net income | NT$1.55B | NT$1.33B | NT$1.28B | NT$1.66B | NT$2.02B |
| Free cash flow | NT$504M | NT$1.77B | -NT$1.33B | NT$385M | -NT$334M |
| Capital expenditure | NT$2.09B | NT$609M | NT$3.48B | NT$2.15B | NT$3.33B |
| Total debt | NT$7.26B | NT$6.71B | NT$7.92B | NT$6.55B | NT$7.31B |
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 | 2617.TW | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -9.2% | -10.8% | 9th highest of 21 |
| 6-month return | -0.5% | -12.3% | 4th highest of 21 |
| Distance from 52-week high | -16.8% | -29.8% | 4th highest of 21 |
| Revenue growth (TTM) | +7.8% | +20.7% | 10th lowest of 20 |
| Operating margin | 39.8% | 11.2% | 2nd highest of 21 |
| Forward P/E | 6.5× | 8.5× | 6th cheapest of 14 |
| Growth the price implies (Req g, 7 yrs) | -7.9% | -2.5% | 4th least demanding of 14 |
| Growth delivered (Del g) | +11.5% | +10.7% | 6th highest of 13 |
| Hurdle (Req g minus delivered) | -19.5 pp | -15.4 pp | 7th least demanding of 13 |
| ROIC minus cost of capital | +1.6 pp | -0.6 pp | 8th highest of 20 |
| EV / EBITDA | 5.9× | 6.6× | 7th cheapest of 17 |
| Net debt / EBITDA | 1.6× | 1.5× | 10th least indebted of 19 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Taiwan Navigation 2617.TW | Taiwan | $368M | -1% | +8% | 40% | 6.5× | -7.9% | +11.5% |
| Samudera Shipping Line S56.SI | Singapore | $365M | -16% | +4% | 11% | n/a | -15.6% | +10.5% |
| Nanjing Sheng Hang Shipping 001205.SZ | China | $350M | -18% | +2% | 16% | 15.3× | 2.6% | +24.6% |
| Seacon Shipping 2409.HK | Hong Kong | $400M | +32% | +40% | 11% | 6.2× | 4.8% | +12.7% |
| Sea1 Offshore Incorporation SEA1.OL | Norway | $406M | -12% | -23% | 36% | 4.9× | n/a | n/a |
| Inui Global Logistics 9308.T | Japan | $331M | +37% | +21% | 9% | n/a | 7.2% | +12.2% |
| Chinese Maritime Transport 2612.TW | Taiwan | $329M | -1% | +2% | 25% | 8.5× | n/a | n/a |
| Euroseas ESEA | United States | $417M | -13% | +3% | 59% | 3.4× | n/a | n/a |
| Korea Line 005880.KS | South Korea | $420M | -30% | -19% | 21% | 2.9× | -12.2% | +7.6% |
| Marco Polo Marine 5LY.SI | Singapore | $322M | -36% | +26% | 32% | 11.7× | -5.4% | +31.8% |
| LC Logistics 2490.HK | Hong Kong | $316M | -13% | -9% | 1% | n/a | n/a | n/a |
| Seanergy Maritime SHIP | United States | $306M | -15% | +32% | 37% | 4.9× | -2.5% | +20.1% |
| James Fisher and Sons FSJ.L | United Kingdom | $302M | -11% | -2% | 6% | 21.8× | 9.5% | -5.3% |
| Costamare Bulkers CMDB | United States | $449M | -4% | n/a | -3% | n/a | -7.8% | n/a |
| Yasuda Logistics 9324.T | Japan | $453M | +12% | +2% | 5% | n/a | 12.3% | +10.9% |
| Pangaea Logistics Solutions PANL | United States | $496M | -3% | +22% | 9% | 7.4× | 1.6% | +10.5% |
| Phoenix Shipping (Wuhan) 000520.SZ | China | $527M | -12% | +78% | 5% | n/a | n/a | n/a |
| Sincere Navigation 2605.TW | Taiwan | $548M | -11% | +22% | 31% | 8.9× | -18.5% | +2.3% |
| Ningbo Marine 600798.SS | China | $575M | -12% | +39% | 3% | n/a | -7.5% | +3.5% |
| Rederiaktiebolaget Gotland GOTL-A.ST | Sweden | $582M | -16% | +42% | 1% | 66.5× | n/a | n/a |
| Dong Fang Offshore 7786.TW | Taiwan | $583M | -19% | +52% | 19% | 11.4× | n/a | n/a |