1. Taiwan Stocks

  2. •

    Industrial services

  3. •

    Engineering & construction
Tze Shin International Co., Ltd.

Tze Shin International Co., Ltd.

TTWSE:2611
16.40
TWD
0.00
(0.00%)
1.86EPS
7.72P/E
2.58BMarket Cap
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
7.74
7.15
6.99
6.15
5.25
4.79
4.66
3.18
4.19
3.86
3.27
3.64
3.56
5.06
Basic EPS, GAAP
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
1.77
Free Cash Flow per Basic Share
-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
1.15
Dividend per Share
0.04
0.03
0.05
0.04
0.01
0.04
0.02
0.02
0.02
0.91
- -
2.3
1.64
- -
Book Value per Share
13.16
13.07
12.64
12.35
12.88
13.13
12.58
13.28
16.03
13.09
15.88
15.7
14.36
14.69
Tangible Book Value per Share
10.45
10.35
9.73
9.81
10.25
10.58
10.07
10.81
13.72
10.88
13.23
13.08
11.8
12.1
Basic Weighted Avg Shares
204
201
196
199
196
196
194
191
189
189
189
189
189
189
Sales/Revenue/Turnover
1,581
1,438
1,366
1,222
1,027
938
903
606
792
730
617
687
672
957
Operating Margin (%)
-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
5.52
Depreciation Expense
86
74
72
68
61
57
84
77
93
73
67
66
71
74
Net Income, GAAP
21
70
36
-66
10
52
-125
-18
291
-260
468
310
99
335
Effective Tax Rate (%)
83.24
11.82
18.88
- -
- -
- -
- -
- -
3.34
- -
0.85
3.19
- -
3.39
Profit Margin (%)
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
34.98
Working Capital
521
363
115
435
489
638
497
1,094
2,235
1,628
2,152
2,391
2,314
2,173
LT Debt
374
465
298
329
154
214
827
694
547
536
542
793
732
527
Total Equity
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
2,952
Return on Invested Capital (%)
-0.24
-0.36
0.34
- -
- -
- -
- -
- -
-0.74
- -
-1.31
-0.44
- -
1.39
Return on Capital (%)
0.85
2.39
1.53
- -
- -
- -
- -
- -
6.78
- -
12.74
7.58
- -
9.1
Return on Common Equity (%)
0.78
2.64
1.41
-2.69
0.4
2.02
-5
-0.72
10.51
-9.44
17.1
10.4
3.47
12.6

Capital Structure

TWD

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
130
130
130
LT Borrowings
213
9
6
LT Finance Leases
519
523
520
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
189
189
189
Market Capitalization
2,788
2,712
2,580

Working Capital

TWD

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
2,694
2,531
2,468
Cash, Cash Equivalents & STI
1,697
1,690
1,695
Accounts Receivable, Net
60
55
61
Inventories
774
655
579
Total Current Liabilities
380
477
296
Payables & Accruals
- -
- -
- -
ST Debt
130
130
130
Deferred Revenue
- -
- -
- -

Growth Rates

TWD

•

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

TWD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
168
165
170
184
687
2025
168
171
157
177
672
2026
353
270
- -
- -
- -

Quarterly Earnings Per Share

TWD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
1.14
0.37
0.32
-0.19
1.64
2025
-0.51
0.16
0.73
0.14
0.52
2026
0.28
0.62
- -
- -
- -

Quarterly Dividends Per Share

TWD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
2.3
2025
- -
- -
- -
- -
1.64
2026
- -
- -
- -
- -
- -

Company Description

Company Profile APIChatGPT
CEO
Ming Tan Hsu
Full Time Employees
552
Sector
Industrial services
Industry
Engineering & construction
Address
No. 33, Jianguo North Road Taipei TP Taiwan 104
IPO Date
Oct 28, 1993
Website
tsgroup.com.tw
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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.