CSBC Corp. Taiwan

CSBC Corp. Taiwan

TTWSE:2208
17.75
TWD
-0.15
(-0.84%)
0.48EPS
39.13P/E
24.60BMarket Cap
Nov 06Next Earn
2013 Y
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
64.28
65.84
55.41
40.66
43.29
30.77
29.4
51.78
22.45
23.6
23.01
11.47
17.09
13.84
Basic EPS, GAAP
1.13
1.16
1.21
-3.32
-15.52
-7.33
-3.23
-3.28
0.02
-3.78
-4.32
-2.2
-1.77
0.49
Free Cash Flow per Basic Share
-7.7
-11.01
12.04
-17.58
-2.73
-2.97
-0.9
-15.38
-1.68
-9.36
7.79
-2.7
-8.15
-13.8
Dividend per Share
1.54
0.96
0.96
0.96
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Book Value per Share
35.15
35.4
35.67
31.46
16.36
13.16
11.28
8.74
13.75
10.19
6.94
7.14
5.63
5.96
Tangible Book Value per Share
35.07
35.3
35.57
31.38
16.3
13.13
11.26
8.71
13.71
10.14
6.89
7.1
5.6
5.91
Basic Weighted Avg Shares
387
387
387
387
379
423
563
489
851
932
933
1,264
1,275
1,267
Sales/Revenue/Turnover
24,893
25,498
21,458
15,748
16,404
13,012
16,541
25,297
19,113
21,994
21,476
14,494
21,780
17,531
Operating Margin (%)
1.37
1.99
2.03
-9.94
-37.97
-23.89
-10.32
-7.56
0.02
-16.98
-14.72
-25.61
-13.45
-5.1
Depreciation Expense
560
552
604
575
532
565
807
848
914
925
949
982
1,005
968
Net Income, GAAP
437
451
468
-1,287
-5,880
-3,100
-1,818
-1,600
13
-3,527
-4,031
-2,780
-2,260
625
Effective Tax Rate (%)
12.46
14.19
18.35
- -
- -
- -
- -
- -
7.39
- -
- -
- -
- -
3.12
Profit Margin (%)
1.76
1.77
2.18
-8.17
-35.84
-23.83
-10.99
-6.33
0.07
-16.04
-18.77
-19.18
-10.38
3.56
Working Capital
5,663
3,976
4,816
2,430
2,106
1,633
1,246
-1,063
3,600
4,223
31
-838
3,305
2,402
LT Debt
699
871
809
565
6,157
6,369
8,911
9,119
7,491
11,800
9,681
6,802
8,966
9,880
Total Equity
13,665
13,758
13,864
12,230
6,379
5,986
6,457
5,008
13,264
9,814
6,672
9,069
7,138
7,540
Return on Invested Capital (%)
1.89
2.46
2.04
- -
- -
- -
- -
- -
-0.01
- -
- -
- -
- -
-2.96
Return on Capital (%)
2.85
2.64
2.75
- -
- -
- -
- -
- -
0.43
- -
- -
- -
- -
2.81
Return on Common Equity (%)
3.2
3.3
3.4
-9.9
-63.51
-50.5
-29.33
-27.91
0.15
-30.6
-48.86
-35.21
-27.76
8.81

Capital Structure

TWD

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
12,904
16,544
20,426
LT Borrowings
7,399
7,399
8,314
LT Finance Leases
1,566
1,618
1,566
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
1,275
1,275
1,275
Market Capitalization
25,491
25,937
24,599

Working Capital

TWD

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
26,999
29,453
32,348
Cash, Cash Equivalents & STI
1,911
1,602
1,348
Accounts Receivable, Net
1,291
244
713
Inventories
5,288
5,452
5,687
Total Current Liabilities
23,694
26,570
29,946
Payables & Accruals
- -
- -
- -
ST Debt
12,904
16,544
20,426
Deferred Revenue
- -
- -
- -

Growth Rates

TWD

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
4.11%
24.29%
-21.29%
Free Cash Flow
131.87%
60.43%
204.21%
Net Income, GAAP
-2,700.23%
-5,376.71%
-18.7%
Sales/Revenue/Turnover
4.3%
1.21%
50.27%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

TWD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
3,744
3,952
3,547
3,251
14,494
2025
3,910
9,928
4,103
3,839
21,780
2026
4,732
4,856
- -
- -
- -

Quarterly Earnings Per Share

TWD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
-0.28
-0.18
-0.55
-1.19
-2.2
2025
-0.65
-1.33
0.05
0.16
-1.77
2026
0.07
0.21
- -
- -
- -

Quarterly Dividends Per Share

TWD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
- -
2025
- -
- -
- -
- -
- -
2026
- -
- -
- -
- -
- -

Company Description

CEO
Mao-Hua Yu
Full Time Employees
2,979
Sector
Producer manufacturing
Industry
Trucks/Construction/Farm machinery
Address
No.3, Jhonggang Road Kaohsiung City KH Taiwan 81234
IPO Date
Dec 24, 2008
Business
CSBC Corporation, Taiwan (2208.TW) operates as Taiwan's largest shipbuilding company, primarily engaged in the design, construction, repair, and maintenance of merchant ships, naval vessels, official ships, and offshore engineering projects. The company offers a broad range of products and services, including bulk carriers, cement and product carriers, container ships such as 8,700 TEU vessels and 3,000 TEU containerships, reefer vessels, oil and chemical tankers, electric ferries, electric cruise ships, tug boats, coast guard ships, rescue ships, oil drilling rigs, petrochemical storage tanks, tank truck loading facilities, marine hardware such as rudders, stern frames and lashing bridges, ship coatings, anti-corrosion coatings for large steel structures, offshore wind steel structures including pin piles, transition pieces, pile grippers and ship unloaders, level luffing cranes, and machinery manufacturing; it also provides ship repair, blasting, painting, refrigeration and air conditioning repairs, piping, building construction, barge and tug operations, and offshore wind power solutions through subsidiaries like CSBC Coating Solutions Co., Ltd. and CSBC-DEME Wind Engineering Co Ltd. Headquartered in Kaohsiung with shipyards in Kaohsiung and Keelung plus a Taipei office, CSBC serves global markets across Europe, Asia, Africa and the Americas, targeting commercial shipping companies, naval and coast guard authorities, and offshore energy operators. Founded on November 7, 1973, and formerly known as China Shipbuilding Corporation until its name change in March 2007, the company maintains a substantial order backlog including five merchant ships with two options, 14 warships and official ships, 26 petrochemical storage tanks, and major warship modifications, with deliveries scheduled through October 2031 at Kaohsiung and October 2027 at Keelung; in 2024, it completed and delivered seven vessels comprising four merchant ships and three official ships while signing orders for 12 container ships with four options in January 2025. Recent developments encompass strategic expansions in green shipping amid global environmental regulations and Middle East disruptions boosting demand, operational improvements to address project delays and cost overruns on prototypes like educational training ships and 1,000-ton coast guard vessels, board changes including the appointment of Ho, Chin-Tsang as chairman representative in October 2024 and Tsai, Kun-Tsung as president in October 2024, a long-term Guaranteed Asset Performance agreement with Wartsila for CSBC-DEME Wind Engineering in April 2024, and prior sales of four 3,000 TEU containerships to Wan Hai Lines in 2022 for $220 million.