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  3. •

    Marine shipping
U-Ming Marine Transport Corp.

U-Ming Marine Transport Corp.

TTWSE:2606
72.80
TWD
+0.10
(+0.14%)
6.78EPS
8.89P/E
50.96BMarket Cap
Nov 18Next 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
8.63
10.65
9.27
7.71
10.06
13.64
11.91
10.07
16.58
16.76
17.01
19.34
18.42
20.62
Basic EPS, GAAP
1.83
2.43
0.96
-1.04
1.18
1.97
1.92
1.04
5.79
5.21
3.24
5.54
4.31
6.78
Free Cash Flow per Basic Share
-5.48
-3.74
-3.55
-0.01
-3.25
1.41
2.98
-1.57
1.57
-5.33
-2.77
4.29
1.55
8.46
Dividend per Share
2.5
2
2.21
1
0.75
1.2
1.8
1.9
1.2
3
3
2.4
3.2
3.2
Book Value per Share
29.71
32.97
32.65
29.05
25.84
30.32
31.77
27.42
30.6
38.7
39.88
47.88
46.01
47.71
Tangible Book Value per Share
29.71
32.97
32.65
29.05
25.84
30.28
31.7
27.37
30.51
38.63
39.83
47.84
45.97
47.65
Basic Weighted Avg Shares
858
858
855
845
845
845
845
845
845
846
845
845
845
845
Sales/Revenue/Turnover
7,408
9,141
7,924
6,517
8,501
11,523
10,068
8,507
14,012
14,170
14,375
16,343
15,566
17,420
Operating Margin (%)
10.16
16.18
0.82
-7.17
5.42
11.57
14.46
5.99
27.23
30.62
18.93
27.45
23.75
29.39
Depreciation Expense
1,409
1,838
2,279
2,249
2,301
2,307
2,411
2,380
2,260
2,425
3,269
3,546
3,722
3,698
Net Income, GAAP
1,567
2,088
824
-878
1,000
1,669
1,622
878
4,893
4,404
2,739
4,681
3,640
5,728
Effective Tax Rate (%)
3.98
12.2
- -
- -
- -
- -
6.79
- -
0.35
1.49
- -
2.25
5.29
1.97
Profit Margin (%)
21.15
22.85
10.4
-13.48
11.76
14.48
16.11
10.33
34.92
31.08
19.05
28.65
23.39
32.88
Working Capital
16,726
16,830
11,618
11,204
5,490
7,328
11,711
4,864
6,440
9,546
7,751
14,723
12,300
11,976
LT Debt
14,570
19,015
19,440
20,840
18,022
17,674
20,152
18,649
18,180
26,686
29,032
33,469
33,105
31,580
Total Equity
25,491
28,286
27,587
24,550
21,840
25,626
26,845
23,175
25,859
32,901
33,823
40,461
38,879
40,315
Return on Invested Capital (%)
2.31
3.05
- -
- -
- -
- -
2.39
- -
7.22
6.49
- -
5.35
4.16
6.26
Return on Capital (%)
3.99
4.45
- -
- -
- -
- -
3.74
- -
8.81
7.37
- -
7.48
5.72
8.6
Return on Common Equity (%)
6.28
7.77
2.95
-3.37
4.31
7.03
6.18
3.51
19.96
15.04
8.25
12.63
9.18
15.79

Capital Structure

TWD

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
13,445
12,916
15,014
LT Borrowings
33,105
33,795
31,551
LT Finance Leases
- -
- -
29
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
845
845
845
Market Capitalization
51,041
49,013
50,957

Working Capital

TWD

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
27,641
29,154
31,335
Cash, Cash Equivalents & STI
25,522
26,569
28,160
Accounts Receivable, Net
640
573
590
Inventories
510
775
761
Total Current Liabilities
15,341
15,159
19,359
Payables & Accruals
- -
- -
- -
ST Debt
13,445
12,916
15,014
Deferred Revenue
- -
- -
- -

Growth Rates

TWD

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
4.37%
11.46%
-3.91%
Free Cash Flow
3,011.45%
-201.42%
-63.76%
Net Income, GAAP
5.58%
91.57%
-22.24%
Sales/Revenue/Turnover
9.63%
15.24%
-4.75%
Total Cash Common Dividend
- -
- -
33.33%

Quarterly Revenue

TWD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
3,845
4,164
4,469
3,865
16,343
2025
3,435
3,619
4,294
4,221
15,566
2026
3,892
5,014
- -
- -
- -

Quarterly Earnings Per Share

TWD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
1.17
1.44
1.84
1.09
5.54
2025
0.27
0.77
1.72
1.55
4.31
2026
1.17
2.34
- -
- -
- -

Quarterly Dividends Per Share

TWD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
2.4
- -
2.4
2025
- -
- -
3.2
- -
3.2
2026
- -
- -
- -
- -
- -

Company Description

Company Profile APIChatGPT
CEO
Choo Kiat Ong
Full Time Employees
858
Sector
Transportation
Industry
Marine shipping
Address
Taipei Metro Tower Taipei TPE Taiwan 106
IPO Date
Dec 8, 1990
Website
uming.com.tw
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Business
U-Ming Marine Transport Corporation (2606.TW) operates as a shipowner and manager in the marine transportation industry, primarily providing bulk shipping services for dry cargo and energy commodities. The company owns and operates a diverse fleet including Handymax, Supramax, Ultramax, Panamax, and Capesize bulk carriers; very large crude carriers (VLCCs); medium-range (MR) product tankers; and chemical tankers, offering transportation services for coal, iron ore, grains, steel products, crude oil, clean petroleum products, and chemicals. It also engages in ship management, chartering, and related maritime services such as crewing and technical management. Founded in 1994 and headquartered in Taipei, Taiwan, U-Ming serves international markets across Asia, Europe, the Americas, and other regions, targeting major commodity producers, traders, and industrial customers. The company maintains a subsidiary structure supporting its global operations, with no major parent company affiliation.