Yang Ming Marine Transport Corporation (2609.TW) stock analysis

In our weekly check, Yang Ming Marine Transport Corporation is graded D (A to F). Of 25 checks on debt, profit, cash flow and trend: 10 pass, warnings: 6, red flags: 9.

About Yang Ming Marine Transport Corporation

Yang Ming Marine Transport Corporation is an Industrials company (Marine Shipping) based in Taiwan, listed on TAI as 2609.TW.

What our checks show for 2609.TW

Red flags

• The net margin fell by 40.1 points over 5 years, to 9.5%: the company keeps less of each sale as profit.
• The gross margin fell by 52 points, to 11.9%: costs are rising faster than prices.
• Analysts expect the net margin to shrink by 4.4 points from today's 9.5%.
• Revenue fell 24.2% a year over the last 3 years.
• Free cash flow is negative (-4.6% of revenue): the business spends more cash than it brings in.
• The dividend takes 169% of profit: little cushion if profit falls.
• The stock has fallen as much as 92% from a peak. Would you have held through that?
• Return on capital (ROCE) is only 2.5%.
• Pay in shares equals 0% of free cash flow: it dilutes shareholders.

Warning signs

• Operating profit covers interest only 2.9 times: a weak year could make the payments hard.
• Analysts expect earnings per share to shrink about 19.6% a year.
• Analysts expect only about 3.3% a year of growth in revenue.
• Earnings per share fell 55.9% a year over the last 3 years.
• Net profit fell 55.9% a year over the last 3 years.
• The net margin is only 9.5%: little room if costs rise.

Strengths

• Debt is low: 0.06x equity.
• Operating cash flow is 1.96x net profit: the profit arrives as real cash.
• The price is 14.3 times earnings (P/E), reasonable for its growth.
• Beta 0.56: the stock usually moves less than the market.
• Actively traded: about 45.2 million shares a day.

Next earnings report: 2026-11-18

Similar companies

1919.HK · MAERSK-B.CO · 2615.TW · 601872.SS · 1308.HK · 1138.HK

Questions

What grade does Yang Ming Marine Transport Corporation (2609.TW) have?

In our weekly check, Yang Ming Marine Transport Corporation is graded D (A to F). Of 25 checks on debt, profit, cash flow and trend: 10 pass, warnings: 6, red flags: 9. The grade is a risk check, not a buy or sell recommendation.

What are the main risks of 2609.TW stock?

This week's biggest flags for Yang Ming Marine Transport Corporation: Margins falling, Gross margin falling, Margins expected to shrink. In total 15 of 25 checks show a warning or a red flag.

What does Yang Ming Marine Transport Corporation do?

Yang Ming Marine Transport Corporation is an Industrials company (Marine Shipping) based in Taiwan, listed on TAI as 2609.TW.

When does Yang Ming Marine Transport Corporation report earnings next?

The next earnings report is expected on 2026-11-18. We re-run the checks every week, so the grade can change after it.

The grade is a risk check, not a price forecast, and not investment advice. In our 10-year test (S&P 500, 2016-2026), stocks we graded A or B fell more than 30% 2-3 times less often than D or F, without a lower average return.

Updated 2026-10-31

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