Wisdom Marine Lines Co Ltd (2637) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of Wisdom Marine Lines Co Ltd stock TWD 116, price TWD 94.40, upside +23.1%, quality 66 out of 100. Rating: undervalued. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 6, 2026.
How to read this chart
60‑month range 41.70 TWD – 103.50 TWD · fair‑value band 83.27 TWD – 145.27 TWD · the 94.40 TWD price screens below the 116.21 TWD fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 6, 2026.
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Wisdom Marine Lines Co., Limited (Cayman), together with its subsidiaries, provides marine cargo transportation services in Singapore, the Netherlands, Germany, Panama, Switzerland, Denmark, and internationally.
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The company acquires, owns, operates, and manages dry bulk vessels with a focus on the handy sector. It also provides vessel management and maintenance, vessel leasing, and shipping agency and management services.
In addition, the company offers wet lease contracts, which include complete crew, maintenance, and insurance. As of December 31, 2024, its fleet consisted of 134 ships that include bulk carriers, log carriers, tween-decks, multi-purpose vessels, RORO ships, LPG, and container ships of various sizes.
Wisdom Marine Lines Co., Limited (Cayman) was founded in 1999 and is headquartered in Taipei, Taiwan.
Stock analysis
Wisdom Marine Lines Co Ltd (2637) currently trades at 94.40 TWD, while our model-based Fair Value estimate is 116.21 TWD, implying the stock looks roughly 19% undervalued today.
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Valuation
Bull case: the DCF Models group reads highest at a median of 146.97 TWD per share, and 12 of the 26 models we run sit above the 94.40 TWD price.
Bear case: the Asset-Based group reads lowest at 45.04 TWD, and 14 of the 26 models stay below the price. Data coverage for this calculation is high.
Scenario range: 83.27 TWD (bear) to 145.27 TWD (bull), the price of 94.40 TWD sits inside it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 66/100 (solid quality), in the Industrials sector.
Weak Growth: Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
Wisdom Marine Lines Co Ltd reported revenue of $538M in FY2025 versus $686M in FY2021, a compound −5.9%/yr. Reported net income was $125M in FY2025, compounding −19.3%/yr from FY2021.
Key figures
Market cap 70.5B TWD (≈ $2.2B) Mid · P/E ratio 10.5 · P/S ratio 2.44 · EPS (TTM) 9.00 TWD · Dividend yield 3.9% · Net margin 23.3% · Return on equity 14.3% · Return on assets (EBIT) 8.5% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 67 out of 100 (low confidence).
What moves the price
The share trades about 9% below its 52-week high and 52% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Industrials peers we cover trades at 13% fair-value upside, at 23%, 2637 screens cheaper than that median.
Fair Value models
Bear83.27 TWDFair Value 116.21 TWDBull145.27 TWD
Price 94.40 TWD · Upside +23.1%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models. Based on fiscal year 2025 figures (about 10 months old). Earnings retained since then (4.58 TWD per share) are deliberately not added.Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Coverage ⓘCoverage = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.40/100
Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
Revenue growth 1 year
−15.1%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
−13.6%
Revenue growth 5 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+5.9%
Start year 2020 (pandemic). Over 10 years: +4.5% a year
Revenue growth 19 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+11.3%
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What shareholders gained per year (last 5 years) ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate.
+14.4%
Earnings growth per share plus dividend.
Earnings per share, growth per year+10.5%
Dividend (yield on the price)3.9%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.10.5% vs 5.1%, picking up
Profit margin 2020 to 2025 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.13% → 24%
Pace: the 5-year rate starts in 2020 (pandemic)
Growth Forecast
Little optimism in the price
The price assumes less growth than the company has delivered so far.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
+1.1%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect
n/a
No analyst forecast available.
After inflation (figures in USD, USA: IMF forecast 2.4% a year to 2030, 3.1% from 2016 to 2025) that is about −1.3% a year for the price.
Compare Wisdom Marine Lines Co Ltd with another stock
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Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Marine Shipping · 220 stocks
Beats the industry median on 10/14 measures
Overall it ranks above its industry peers.
Valuation
Quality Score66 · Top 25%
Fair Value upside+23.1% · Above median
Profitability
Return on equity (12 months)14.3% · Above median
Return on assets4.9% · Above median
Net margin (12 months)34.6% · Top 25%
Operating margin (12 months)38.0% · Top 25%
Growth and dividend
Revenue growth (quarter YoY)37.5% · Top 25%
Dividend yield (12 months)3.9% · Above median
Balance sheet
Debt / equity0.39× · Above median
Valuation Multiplesvs Marine Shipping median · lower = cheaper
P/E (12 months)10.5× · Cheaper than median
P/B1.40× · Pricier than median
P/S (12 months)3.48× · Priciest 25%
Price / free cash flow (fiscal year)10.5× · Cheaper than median
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Cite: Fair Value Calculator (2026). "Wisdom Marine Lines Co Ltd Fair Value". https://www.fairvalue-calculator.com/stock/2637
Frequently asked questions
Is Wisdom Marine Lines Co Ltd (2637) overvalued or undervalued?
As of Nov 6, 2026, our model estimates a fair value of 116.21 TWD versus a price of 94.40 TWD, about +23% upside (undervalued).
What is the fair value of 2637?
Our model-based fair value for Wisdom Marine Lines Co Ltd is 116.21 TWD (as of Nov 6, 2026), built from audited fundamentals. The current price: 94.40 TWD.
What is the quality score of 2637?
Wisdom Marine Lines Co Ltd has a Quality Score of 66/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for Wisdom Marine Lines Co Ltd (2637)?
Our model-based price target is the fair value of 116.21 TWD (as of Nov 6, 2026) from 26 valuation models. Cautious scenario 83.27 TWD, optimistic scenario 145.27 TWD. It is a calculation from audited fundamentals, not an analyst target.
What is the Wisdom Marine Lines Co Ltd stock forecast for 2026?
Our models put fair value at 116.21 TWD, about +23% upside versus a price of 94.40 TWD (undervalued). Cautious scenario 83.27 TWD, optimistic scenario 145.27 TWD. The calculation is refreshed regularly with new filings.
What is the revenue of Wisdom Marine Lines Co Ltd (2637)?
Wisdom Marine Lines Co Ltd reported trailing-twelve-month revenue of about $619M (latest available figure, as of Nov 6, 2026).
Does Wisdom Marine Lines Co Ltd pay a dividend?
Wisdom Marine Lines Co Ltd currently shows a dividend yield of 3.85% relative to its recent price (as of Nov 6, 2026).
How much is the dividend of Wisdom Marine Lines Co Ltd (2637) and when is the ex-dividend date?
Wisdom Marine Lines Co Ltd pays a dividend of 3.64 TWD per share a year, a dividend yield of 3.9%. The last ex-dividend date was Jun 10, 2026. The payout ratio is 66.1% of earnings. Free cash flow covers the dividend 2.46 times. Our assessment: Sustainable. Payout and cash coverage both look sustainable.
What growth is priced into Wisdom Marine Lines Co Ltd (2637)?
For today's price to be fair in a discounted-cash-flow model, Wisdom Marine Lines Co Ltd would have to grow free cash flow by +1.1 % per year for five years (discount rate 9.2 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +5.9 % per year. As of Nov 6, 2026.
What discount rate (WACC) does the fair value of 2637 use?
Our models discount Wisdom Marine Lines Co Ltd at 9.2 %: a base by market capitalisation (mid), damped by beta 0.59, country premium for Taiwan. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For Wisdom Marine Lines Co Ltd that is +1.1 % per year for five years, then slowing evenly to 2 % by year ten, using the same discount rate (9.2 %) and the same formula as our fair value.
How much growth has Wisdom Marine Lines Co Ltd (2637) delivered so far?
Over the past 5 years revenue at Wisdom Marine Lines Co Ltd grew +5.9 % a year. The price currently implies free-cash-flow growth of +1.1 % per year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of Wisdom Marine Lines Co Ltd (2637) growing?
The median revenue growth in the sector is +7.8 % a year. That is the yardstick for the growth priced into Wisdom Marine Lines Co Ltd (+1.1 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Wisdom Marine Lines Co Ltd (2637)?
The free-cash-flow yield on the price is 9.48 %: that much free cash flow Wisdom Marine Lines Co Ltd produces per unit of market value. When it exceeds the discount rate of our models (9.2 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Wisdom Marine Lines Co Ltd (2637)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Wisdom Marine Lines Co Ltd it is 116.21 TWD per share (as of Nov 6, 2026), against a price of 94.40 TWD. It is the blended result of 26 valuation models in 8 families (DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings).
Is Wisdom Marine Lines Co Ltd stock overvalued or undervalued in 2026?
As of Nov 6, 2026, 2637 trades below its calculated fair value: price 94.40 TWD, fair value 116.21 TWD, a gap of about +23% (undervalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of 2637?
No. The price is what the market pays today (94.40 TWD); the fair value is what the company's own numbers justify (116.21 TWD). For Wisdom Marine Lines Co Ltd the two are 21.81 TWD per share apart. That gap is exactly why we show both numbers side by side.
How much is Wisdom Marine Lines Co Ltd worth?
The market values Wisdom Marine Lines Co Ltd at about 70.5B TWD (market capitalisation, as of Nov 6, 2026). Per share that is 94.40 TWD; our models calculate a fair value of 116.21 TWD per share.
What do the bullish and bearish scenarios say about 2637?
Our models span a range for Wisdom Marine Lines Co Ltd: cautious scenario 83.27 TWD, base 116.21 TWD, optimistic 145.27 TWD per share (as of Nov 6, 2026, price 94.40 TWD). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 2637?
Wisdom Marine Lines Co Ltd trades at a price-to-earnings ratio of 10.5 (as of Nov 6, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 116.21 TWD is built from several models across several years. Other multiples: P/B 1.4, P/S 3.5, EV/EBITDA 8.4.
How solid is the balance sheet of Wisdom Marine Lines Co Ltd (2637)?
Balance-sheet figures for Wisdom Marine Lines Co Ltd (as of Nov 6, 2026): return on equity 14.3%, debt of 0.39 per unit of equity. They feed the Quality Score of 66/100, which measures business quality independently of the share price.
How far is 2637 from its 52-week high?
Wisdom Marine Lines Co Ltd trades at 94.40 TWD, about 9% below its 52-week high of 103.50 TWD and 52% above the low of 62.30 TWD (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of 116.21 TWD is for.
Which stocks are comparable to Wisdom Marine Lines Co Ltd?
From the same area (Industrials) we also value Adani Ports and Special Economic Zone Limited, COSCO SHIPPING Holdings, Hapag-Lloyd Aktiengesellschaft,, Shanghai International Port (Group) Co, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Wisdom Marine Lines Co Ltd stock attractive at the current price?
The data as of Nov 6, 2026: price 94.40 TWD, calculated fair value 116.21 TWD (+23%), Quality Score 66/100, from 26 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of 2637 calculated?
We run Wisdom Marine Lines Co Ltd through 26 models from 8 families: DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings. Every model gets the same audited fundamentals; the fair value of 116.21 TWD builds on their evidence-weighted average, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 13.0% above its aggregate fair value. Wisdom Marine Lines Co Ltd currently trades 19% below its own fair value, and the market average says nothing about that. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Wisdom Marine Lines Co Ltd (2637)?
The closing price on Nov 6, 2026 was 94.40 TWD. Our model-based fair value is 116.21 TWD, about +23% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Wisdom Marine Lines Co Ltd right now?
Solid quality (66/100) at a price below fair value, the discount is the argument here, not the business quality. The price sits in the lower half of our model range, the side with the larger margin of safety. The data supports the verdict: every model runs on fully documented inputs.
Where does the earnings growth of Wisdom Marine Lines Co Ltd (2637) come from?
Earnings per share at Wisdom Marine Lines Co Ltd grew +7.4 % a year from 2014 to 2025. Broken into its drivers: revenue per share +3.7 %, EBIT margin +3.8 %, tax rate +0.0 %, residual (interest, one-offs) −0.1 %. The four rates multiply to the earnings growth rate, they do not add up. Start and end are three-year averages so a single exceptional year does not distort the result.
Key figures of Wisdom Marine Lines Co Ltd
How large is the market capitalisation of Wisdom Marine Lines Co Ltd (2637)?
The market capitalisation of Wisdom Marine Lines Co Ltd is 70.5B TWD (≈ $2.2B). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Wisdom Marine Lines Co Ltd (2637)?
The price-to-sales ratio of Wisdom Marine Lines Co Ltd is 2.44 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Wisdom Marine Lines Co Ltd (2637)?
Earnings per share at Wisdom Marine Lines Co Ltd are 9.00 TWD (price ÷ EPS = P/E 10.5). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Wisdom Marine Lines Co Ltd (2637)?
The dividend yield of Wisdom Marine Lines Co Ltd is 3.9% (payout 40.4%). Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of Wisdom Marine Lines Co Ltd (2637)?
The net margin of Wisdom Marine Lines Co Ltd is 23.3% (fiscal year 2025). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Wisdom Marine Lines Co Ltd (2637)?
The return on equity (ROE) of Wisdom Marine Lines Co Ltd is 14.3% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Wisdom Marine Lines Co Ltd (2637)?
On an EBIT basis the return on assets of Wisdom Marine Lines Co Ltd is 8.5% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Wisdom Marine Lines Co Ltd (2637)?
The operating margin of Wisdom Marine Lines Co Ltd is 38.0% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Wisdom Marine Lines Co Ltd (2637)?
Revenue at Wisdom Marine Lines Co Ltd is growing +37.5% versus a year earlier (3y avg −13.6%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Wisdom Marine Lines Co Ltd (2637)?
Earnings per share at Wisdom Marine Lines Co Ltd are growing +309% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Wisdom Marine Lines Co Ltd (2637) carry?
The net debt of Wisdom Marine Lines Co Ltd is $823M (fiscal year 2025, ≈ 4.0 yrs of FCF). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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Broad data
Nov 6, 2026