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Tze Shin International Co. Ltd.

Tze Shin International Co. Ltd.

2611.TW
Tze Shin International Co. Ltd.TW flagTaiwan Stock Exchange
13.90
TWD
+0.10
- -
2.63BMarket Cap
Tze Shin International Co. Ltd.
2611.TW
(Taiwan Stock Exchange)

Recent

price

13.90

P/E

ratio

- -

div

yld

- -

ROIC.AI

2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
FRC
7.73
5.98
16.66
7.74
7.15
6.99
6.15
5.25
4.79
4.66
3.18
4.19
3.86
3.27
3.64
- -
3.55
Revenue per Share
0.05
-0.55
4.19
0.1
0.35
0.18
-0.33
0.05
0.26
-0.65
-0.09
1.54
-1.37
2.48
1.64
- -
0.52
Basic EPS, GAAP
2.74
-2.03
8.91
-0.52
0.64
0.13
-0.25
-0.36
0.23
0.42
-0.6
1.63
0.32
-0.55
0.2
- -
-1.38
Free Cash Flow per Basic Share
0.23
- -
- -
0.04
0.03
0.05
0.04
0.01
0.04
0.02
0.02
0.02
0.91
- -
2.3
- -
- -
Dividend per Share
8.94
7.98
11.39
13.21
11.82
11.82
10.65
11.04
11.72
10.71
10.76
12.79
10.81
13.35
12.61
- -
12.18
Book Value per Share
12.36
7.85
10.51
12.1
11.8
11.3
11.13
11.64
11.89
11.41
11.83
15
12.16
14.49
14.16
- -
12.74
Tangible Book Value per Share
211
235
229
204
201
196
199
196
196
194
191
189
189
189
189
- -
189
Basic Weighted Avg Shares
1,629
1,404
3,823
1,581
1,438
1,366
1,222
1,027
938
903
606
792
730
617
687
672
672
Sales/Revenue/Turnover
-0.82
-11.76
25.7
-3.77
0.01
3.61
-1.63
-1.87
0.08
1.76
-21.52
-4.03
-1.75
-7.6
-2.54
1.7
1.7
Operating Margin (%)
146
144
125
86
74
72
68
61
57
84
77
93
73
67
66
71
71
Depreciation Expense
11
-130
962
21
70
36
-66
10
52
-125
-18
291
-260
468
310
99
99
Net Income, GAAP
- -
- -
6.23
83.24
11.82
18.88
- -
- -
- -
- -
- -
3.34
- -
0.85
3.19
- -
16.5
Effective Tax Rate (%)
0.68
-9.24
25.16
1.33
4.84
2.61
-5.38
0.97
5.5
-13.86
-2.94
36.78
-35.6
75.8
45.17
14.68
14.68
Profit Margin (%)
567
-230
303
521
363
115
435
489
638
497
1,094
2,235
1,628
2,152
2,391
2,314
2,314
Working Capital
556
359
296
374
465
298
329
154
214
827
694
547
536
542
793
732
732
LT Debt
2,606
2,425
2,976
3,024
2,914
2,780
2,710
2,793
2,827
2,696
2,724
3,271
2,714
3,239
3,173
2,899
2,899
Total Equity
- -
- -
20.86
-0.24
- -
0.9
- -
- -
- -
- -
- -
-0.74
- -
-1.24
-0.42
- -
- -
Return on Invested Capital (%)
- -
- -
26.61
0.86
2.45
1.59
- -
- -
- -
- -
- -
7.79
- -
14.5
8.72
- -
1.46
Return on Capital (%)
0.59
-6.91
42.9
0.79
2.75
1.52
-2.97
0.47
2.31
-5.73
-0.86
13.03
-11.65
20.5
12.65
4.21
4.21
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Jun'25
Sep'25
Dec'25
ST Debt
131
171
130
LT Borrowings
351
347
213
LT Finance Leases
522
522
519
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
189
189
189
Market Capitalization
3,782
2,869
2,793

Working Capital

FRC

•

in mil. unless spec.
Jun'25
Sep'25
Dec'25
Total Current Assets
2,689
2,800
2,694
Cash, Cash Equivalents & STI
1,750
1,713
1,697
Accounts Receivable, Net
62
58
60
Inventories
730
738
774
Total Current Liabilities
663
390
380
Payables & Accruals
- -
- -
- -
ST Debt
131
171
130
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
0.99%
2.35%
-8.63%
Free Cash Flow
-223.35%
-330.12%
-794.95%
Net Income, GAAP
-271.48%
-460.68%
-68.22%
Sales/Revenue/Turnover
-5.53%
3.32%
-2.19%
Total Cash Common Dividend
- -
- -
-28.7%

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
130
159
160
168
617
2024
168
165
170
184
687
2025
168
171
157
177
672

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
0.05
0.35
0.97
- -
2.48
2024
1.14
0.37
0.32
- -
1.64
2025
-0.51
0.16
0.73
- -
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
- -
- -
- -
- -
- -
2024
- -
- -
- -
- -
2.3
2025
- -
- -
- -
- -
- -
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Business
Tze Shin International Co., Ltd. (2611.TW) engages primarily in transportation services, including container and truck freight, shipside operations, terminal services, and specialized hauling of petrochemicals, damage goods, oil products, steel, chemicals, and bulk logistics; it also operates in construction of factories, shopping malls, residential buildings, and leisure developments, as well as tourism, hospitality through investments like Miramar Resort Co., Ltd. and Hotel Taipei Miramar Co., Ltd., gas station leasing via alliances such as with CPC Corporation, Taiwan and Asia Eastern Gas Station Co., Ltd., and trading in household appliances and heavy commercial vehicle tires. The Taiwan-based company, founded in 1962 and publicly listed on the Taiwan Stock Exchange in 1993, maintains headquarters at 6F., No. 206, Sec. 3, Civic Blvd., Da'an Dist., Taipei, Taiwan, with operations centered in Taiwan including offices in Taichung and Kaohsiung. In August 2024, Tze Shin International launches the 'TzeShin YunLi' villa-style residential project featuring 16 homes in Zhunan Township, Miaoli County; the company changed its corporate register address in July 2023 and August 2025, conducted a capital increase to NT$1,890,022,720 in August 2022, and maintains ongoing investments in subsidiaries like Safe Logistics Transportation Co., Ltd., ACMC Trading Co., Ltd., and Miramar Hospitality Co., Ltd. to bolster diversified operations in green energy, ESG initiatives, and hospitality synergies. Tze Shin International serves domestic markets with target customers encompassing shipping lines, industrial firms, chemical and oil producers, construction developers, and tourism consumers, while subsidiaries handle exclusive subcontracting for container, petroleum, and chemical transport alongside complementary trading and leisure services.