Tze Shin International Co Ltd (2611) Fair Value & Analysis
Industrials · TW · Market cap 2.7B TWD (≈ $84.5M) · ISIN TW0002611001
What is Tze Shin International Co Ltd really worth?
Below-average quality, and trading another 133% above our fair value of 6.20 TWD.
Strengths
Risks
For context
Fair value as of: Sep 3, 2026
From 15 valuation models · updated yesterday
Share price +7.8% over the past month.
What runs behind every stock
69 individual criteria per stock, every one traceable See the method →
What matters now
- The price sits above even our optimistic bull case (7.74 TWD). The favourable scenario is already priced in.
- Weak quality (36/100) and above fair value at the same time, the margin of safety is missing on both counts.
- The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution.
Price vs Fair Value (5 years)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 3, 2026.
How to read this chart
60‑month range 12.00 TWD – 41.44 TWD · fair‑value band 4.64 TWD – 7.74 TWD · the 14.45 TWD price screens above the 6.20 TWD fair value. Dashed = 300-day average. As of Sep 3, 2026.
Analysis
Tze Shin International Co Ltd (2611) currently trades at 14.45 TWD, while our model-based Fair Value estimate is 6.20 TWD, implying the stock looks roughly 133.2% overvalued today. The Quality Score stands at 36/100 (below-average quality), in the Industrials sector. Bull case: the Dividend Discount group reads highest at a median of 15.70 TWD per share, and 2 of the 15 models we run sit above the 14.45 TWD price. Bear case: the Earnings-Based group reads lowest at 2.00 TWD, and 13 of the 15 models stay below the price. Evidence for this calculation is low.
Over the trailing twelve months, Tze Shin International Co Ltd generated revenue of 858M TWD at a net margin of 28.9%. Revenue grew 110.4% year over year. It earns a return on equity of 9.6%. Net debt stands at 364M TWD. Fundamentals as of Sep 3, 2026
Our scenario range runs from 4.64 TWD (bear case) to 7.74 TWD (bull case); at 14.45 TWD, the current price sits above that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 30% below its 52-week high and 15% above its 52-week low, currently below its 200-day average. For context, the median of 10 Industrials peers we cover trades at 42% fair-value upside, at −57%, 2611 screens richer than that median.
Fair Value models
Each model estimates fair value its own way; the Fair Value above is the evidence-weighted, family-balanced blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small. Every input is real reported data, nothing guessed.
All 15 models by family
Widest divergence: Dividend Discount (15.70 TWD) versus Earnings-Based (2.00 TWD). Highest evidence: Owner Earnings (77).
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Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Sep 3, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 34 · Market factors (momentum, volatility) 48
Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.
All values are scores from 0 to 100 (100 = best against fixed, research-based bands), not percentages. The three market factors (momentum, 52-week proximity, low volatility) are displayed but carry zero weight in the headline number: market sentiment is not a business property.
About the company
Tze Shin International Co., Ltd. operates as a transportation company in Taiwan. The company offers transport services, such as container and truck transportation, terminal, petrochemical, damage goods transportation, and bulk logistics.
Full company description
Tze Shin International Co., Ltd. operates as a transportation company in Taiwan. The company offers transport services, such as container and truck transportation, terminal, petrochemical, damage goods transportation, and bulk logistics. It is also involved in the development and planning for construction of factories, shopping malls, and residential buildings. The company was formerly known as Tze Shin Transportation & Terminal Co.Ltd and changed its name to Tze Shin International Co., Ltd. in July 2002. Tze Shin International Co., Ltd. was founded in 1962 and is based in Taipei, Taiwan.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
Tze Shin International Co Ltd reported revenue of 672M TWD in FY2025 versus 792M TWD in FY2021, a compound −4.0%/yr. Reported net income was 98.6M TWD in FY2025, compounding −23.7%/yr from FY2021.
2611 screens 133% overvalued. Compare with Adani Ports and Special Economic Zone Limited →
Peer Group
Marine Shipping · 233 stocks
How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.
Valuation Multiples vs Marine Shipping median · lower = cheaper
Strength profile in five axes (Snowflake)
Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.
VALUE 0: the price sits above our fair-value range.
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
Similar stocks
10 more Marine Shipping stocks, each showing price versus our Fair Value estimate (as of Sep 3, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| Adani Ports and Special Economic Zone Limited ADANIPORTS | ₹1,714 | ₹1,041 | −39% |
| A.P. Møller - Mærsk A/S MAERSKA | kr 20,820 | kr 20,145 | −3% |
| 532921 532921 | ₹1,697 | ₹1,305 | −23% |
| COSCO SHIPPING Holdings 601919 | ¥16.06 | ¥49.90 | +211% |
| Hapag-Lloyd Aktiengesellschaft, HLAG | €132.80 | €88.00 | −34% |
| Shanghai International Port (Group) Co 600018 | ¥5.17 | ¥6.15 | +19% |
| HMM Co 011200 | 21,450 KRW | 33,795 KRW | +58% |
| Orient Overseas (International) Limited 0316 | HK$166.90 | HK$237.61 | +42% |
| Ningbo Zhoushan Port Company 601018 | ¥3.39 | ¥5.58 | +65% |
| Qingdao Port International Co 601298 | ¥8.69 | ¥15.97 | +84% |
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