Chinese Maritime Transport Ltd (2612) fair value: what the stock is really worth
As of Sep 24, 2026: fair value of Chinese Maritime Transport Ltd TWD 45.81, price TWD 62.20, upside -26.4%, quality 51 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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Chinese Maritime Transport Ltd., together with its subsidiaries, operates bulk carriers, and inland container transportation and terminals in Asia, the United States, Europe, and Oceania. It operates through Land Transportation, Logistics, and Sea Transportation segments.
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Chinese Maritime Transport Ltd., together with its subsidiaries, operates bulk carriers, and inland container transportation and terminals in Asia, the United States, Europe, and Oceania. It operates through Land Transportation, Logistics, and Sea Transportation segments. The company is involved in container transportation, warehousing and freight agent, bulk carrier, and travel business; manufacturing of automobile and its parts; and investment management activities, as well as operates ship owning companies. It also provides container trucking services, such as long and short haul container drayage, shipside/dock and port container trans-loading, customers container freight station (CFS)/container yard (CY) operation coordination, door to door delivery services, depots and fully-owned CYs, computerized services for real-time containers status information, and container and seal inspection, as well as empty-container storage, cleaning, repair, other logistic support. In addition, the company offers container yard, CFS, IB/OB, empty container depot, container maintenance and repair, reefer container, outside unbonded warehouse facilities, bonded and chilled warehouse facility, and custom cargo closing services, as well as labor supplier services, such as labeling, sorting, picking, delivery, and bar code scan services. Further, it operates as a sales agent for Saudi Arabian Airlines; and provides cargo freighter charter, air cargo, passenger and ticket agency, and travel planning and reservation services, as well as travel packages. The company was formerly known as Associated Transport Inc. Chinese Maritime Transport Ltd. was founded in 1946 and is headquartered in Taipei, Taiwan.
Stock analysis
Chinese Maritime Transport Ltd (2612) currently trades at 62.20 TWD, while our model-based Fair Value estimate is 45.81 TWD, implying the stock looks roughly 35.8% overvalued today.
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Valuation
Bull case: the Growth Earnings group reads highest at a median of 93.18 TWD per share, and 6 of the 13 models we run sit above the 62.20 TWD price.
Bear case: the Economic Profit group reads lowest at 15.25 TWD, and 7 of the 13 models stay below the price. Evidence for this calculation is medium.
Scenario range: 32.22 TWD (bear) to 57.26 TWD (bull), the price of 62.20 TWD sits above 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 51/100 (solid quality), in the Industrials sector.
Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Chinese Maritime Transport Ltd reported revenue of 4.9B TWD in FY2025 versus 3.6B TWD in FY2021, a compound +8.3%/yr. Reported net income was 1.1B TWD in FY2025, compounding +0.9%/yr from FY2021.
Key figures
Market cap 12.3B TWD (≈ $386M) · P/E ratio 11.4 · P/S ratio 2.52 · EPS (TTM) 5.45 TWD · Dividend yield 3.5% · Net margin 22.1% · Return on equity 8.0% · Return on assets (EBIT) 3.3%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 47 out of 100 (low confidence).
What moves the price
The share trades about 17% below its 52-week high and 28% 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 −26%, 2612 screens richer than that median.
Fair Value models
Bear 32.22 TWDFair Value 45.81 TWDBull 57.26 TWD
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single model. Based on fiscal year 2025 figures (about 9 months old). Earnings retained since then (2.39 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.Evidence ⓘEvidence = 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.46/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
+5.4%
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.
+3.5%
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.
+9.3%
Start year 2020 (pandemic). Over 10 years: +3.8% a year
Revenue growth 23 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.
+4.4%
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What shareholders gained per year (last 5 years), in TWD ⓘ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. Measured in TWD: this currency has depreciated against the euro and dollar over the long run, so part of the nominal rate is currency erosion that never reaches a EUR/USD investor.
+30.3%
Earnings growth per share plus dividend.
Earnings per share, growth per year+26.8%
Dividend (yield on the price)3.5%
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.27% vs 15%, 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.10% → 22%
Compare Chinese Maritime Transport 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.Integrated Freight & Logistics · 217 stocks
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Cite: Fair Value Calculator (2026). "Chinese Maritime Transport Ltd Fair Value". https://www.fairvalue-calculator.com/stock/2612
Frequently asked questions
Is Chinese Maritime Transport Ltd (2612) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of 45.81 TWD versus a price of 62.20 TWD, about −26% upside (overvalued).
What is the fair value of 2612?
Our model-based fair value for Chinese Maritime Transport Ltd is 45.81 TWD (as of Sep 24, 2026), built from audited fundamentals. The current price: 62.20 TWD.
What is the quality score of 2612?
Chinese Maritime Transport Ltd has a Quality Score of 51/100. 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 Chinese Maritime Transport Ltd (2612)?
Our model-based price target is the fair value of 45.81 TWD (as of Sep 24, 2026) from 13 valuation models. Cautious scenario 32.22 TWD, optimistic scenario 57.26 TWD. It is a calculation from audited fundamentals, not an analyst target.
What is the Chinese Maritime Transport Ltd stock forecast for 2026?
Our models put fair value at 45.81 TWD, about −26% upside versus a price of 62.20 TWD (overvalued). Cautious scenario 32.22 TWD, optimistic scenario 57.26 TWD. The calculation is refreshed regularly with new filings.
What is the revenue of Chinese Maritime Transport Ltd (2612)?
Chinese Maritime Transport Ltd reported trailing-twelve-month revenue of about 4.9B TWD (latest available figure, as of Sep 24, 2026).
Does Chinese Maritime Transport Ltd pay a dividend?
Chinese Maritime Transport Ltd currently shows a dividend yield of about 3.54% relative to its recent price (as of Sep 24, 2026).
What is the intrinsic value of Chinese Maritime Transport Ltd (2612)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Chinese Maritime Transport Ltd it is 45.81 TWD per share (as of Sep 24, 2026), against a price of 62.20 TWD. It is the blended result of 13 valuation models (cash flow, earnings, asset, dividend).
Is Chinese Maritime Transport Ltd stock overvalued or undervalued in 2026?
As of Sep 24, 2026, 2612 trades above its calculated fair value: price 62.20 TWD, fair value 45.81 TWD, a gap of about −26% (overvalued). 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 2612?
No. The price is what the market pays today (62.20 TWD); the fair value is what the company's own numbers justify (45.81 TWD). For Chinese Maritime Transport Ltd the two are 16.39 TWD per share apart. That gap is exactly why we show both numbers side by side.
How much is Chinese Maritime Transport Ltd worth?
The market values Chinese Maritime Transport Ltd at about 12.3B TWD (market capitalisation, as of Sep 24, 2026). Per share that is 62.20 TWD; our models calculate a fair value of 45.81 TWD per share.
What do the bullish and bearish scenarios say about 2612?
Our models span a range for Chinese Maritime Transport Ltd: cautious scenario 32.22 TWD, base 45.81 TWD, optimistic 57.26 TWD per share (as of Sep 24, 2026, price 62.20 TWD). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 2612?
Chinese Maritime Transport Ltd trades at a price-to-earnings ratio of 11.4 (as of Sep 24, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 45.81 TWD is built from several models across several years. Other multiples: P/B 0.9, P/S 2.5, EV/EBITDA 7.8.
How solid is the balance sheet of Chinese Maritime Transport Ltd (2612)?
Balance-sheet figures for Chinese Maritime Transport Ltd (as of Sep 24, 2026): return on equity 8.0%, debt of 0.68 per unit of equity. They feed the Quality Score of 51/100, which measures business quality independently of the share price.
How far is 2612 from its 52-week high?
Chinese Maritime Transport Ltd trades at 62.20 TWD, about 17% below its 52-week high of 74.60 TWD and 28% above the low of 48.70 TWD (as of Sep 24, 2026). Distance from the high says nothing about value: that is what the fair value of 45.81 TWD is for.
Which stocks are comparable to Chinese Maritime Transport Ltd?
From the same area (Industrials) we also value United Parcel Service, Inc, FedEx Corporation, Deutsche Post AG, DSV A/S, 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 Chinese Maritime Transport Ltd stock attractive at the current price?
The data as of Sep 24, 2026: price 62.20 TWD, calculated fair value 45.81 TWD (−26%), Quality Score 51/100, from 13 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 2612 calculated?
We run Chinese Maritime Transport Ltd through 13 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of 45.81 TWD, 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. Chinese Maritime Transport Ltd itself currently trades above fair value. 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 Chinese Maritime Transport Ltd (2612)?
The closing price on Sep 24, 2026 was 62.20 TWD. Our model-based fair value is 45.81 TWD, about −26% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Chinese Maritime Transport Ltd right now?
The price sits above even our optimistic bull case (57.26 TWD). The favourable scenario is already priced in. Solid but not exceptional quality (51/100) and above fair value, neither a clear bargain nor a standout compounder.
Where does the earnings growth of Chinese Maritime Transport Ltd (2612) come from?
Earnings per share at Chinese Maritime Transport Ltd grew +16.4 % a year from 2014 to 2025. Broken into its drivers: revenue per share +5.0 %, EBIT margin +0.1 %, tax rate +2.1 %, residual (interest, one-offs) +8.5 %. 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 Chinese Maritime Transport Ltd
How large is the market capitalisation of Chinese Maritime Transport Ltd (2612)?
The market capitalisation of Chinese Maritime Transport Ltd is 12.3B TWD (≈ $386M). 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 Chinese Maritime Transport Ltd (2612)?
The price-to-sales ratio of Chinese Maritime Transport Ltd is 2.52 (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 Chinese Maritime Transport Ltd (2612)?
Earnings per share at Chinese Maritime Transport Ltd are 5.45 TWD (price ÷ EPS = P/E 11.4). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Chinese Maritime Transport Ltd (2612)?
The dividend yield of Chinese Maritime Transport Ltd is 3.5% (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 Chinese Maritime Transport Ltd (2612)?
The net margin of Chinese Maritime Transport Ltd is 22.1% (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 Chinese Maritime Transport Ltd (2612)?
The return on equity (ROE) of Chinese Maritime Transport Ltd is 8.0% (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 Chinese Maritime Transport Ltd (2612)?
On an EBIT basis the return on assets of Chinese Maritime Transport Ltd is 3.3% (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 Chinese Maritime Transport Ltd (2612)?
The operating margin of Chinese Maritime Transport Ltd is 23.1% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Chinese Maritime Transport Ltd (2612)?
Revenue at Chinese Maritime Transport Ltd is growing +0.9% versus a year earlier (3y avg +3.5%). 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 Chinese Maritime Transport Ltd (2612)?
Earnings per share at Chinese Maritime Transport Ltd are growing +2.7% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Chinese Maritime Transport Ltd (2612) generate?
The free cash flow of Chinese Maritime Transport Ltd is −618M TWD (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net debt does Chinese Maritime Transport Ltd (2612) carry?
The net debt of Chinese Maritime Transport Ltd is 8.4B TWD (fiscal year 2025). 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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