Taiwan Navigation Co (2617) Fair Value & Analysis
Industrials · TW · Market cap 12.5B TWD
Fair value as of: Jun 25, 2026
From 23 valuation models · updated 10 days ago
Fair value updated Jun 25, 2026 — revised from 58.50 TWD to 54.01 TWD (−7.7%) since Jun 24, 2026. Share price +2.7% over the past month.
Price vs Fair Value (12 months)
12‑month range 26.08 TWD – 32.69 TWD · fair‑value band 36.34 TWD – 67.90 TWD · the 29.85 TWD price screens below the 54.01 TWD fair value. As of Jun 25, 2026.
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Taiwan Navigation Co (2617) currently trades at 29.85 TWD, while our model-based Fair Value estimate is 54.01 TWD — implying the stock looks roughly 80.9% undervalued today. We read business quality at 56/100 (solid quality), in the Industrials sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: high) — always confirm before acting.
Over the trailing twelve months, Taiwan Navigation Co generated revenue of 4.4B TWD at a net margin of 31.7%. Revenue grew 5.7% year over year. It earns a return on equity of 7.5%. Net debt stands at 5.4B TWD. Fundamentals as of Jun 25, 2026
Our scenario range runs from 36.34 TWD (bear case) to 67.90 TWD (bull case); at 29.85 TWD, the current price sits below that range. The share trades about 15% below its 52-week high and 13% above its 52-week low, currently above its 200-day average. For context, the median of 10 Industrials peers we cover trades at 16% fair-value upside — at 81%, 2617 screens cheaper than that median.
Key figures & financial health
More key figures
Figures from reported company fundamentals (EODHD) · as of Jun 25, 2026. TTM = trailing twelve months.
About the company
Taiwan Navigation Co., Ltd., together with its subsidiaries, provides shipping services in Taiwan. It offers passenger and cargo transportation services through water, shipping agency, sand dredging, channel dredging, and tugboat services. The company is also involved in the commissioning construction companies to build and lease residential and commercial buildings. In addition, it engages in general management; and purchasing, sale, charter, and operation of sea navigation routes; and maritime operations of ships. The company owns 36 vessels. Taiwan Navigation Co., Ltd. was founded in 1946 and is based in Taipei, Taiwan.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
Taiwan Navigation Co reported revenue of 4.3B TWD in FY2025 versus 3.2B TWD in FY2021, a compound +7.4%/yr. Reported net income was 1.3B TWD in FY2025, compounding +0.1%/yr from FY2021.
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Similar stocks
10 more Marine Shipping stocks, each showing price versus our Fair Value estimate (as of Jun 25, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| Adani Ports and Special Economic Zone Limited ADANIPORTS | ₹1,824 | ₹644.71 | -65% |
| A.P. Møller - Mærsk A/S, AMKBY | $13.67 | $15.82 | +16% |
| COSCO SHIPPING Holdings 601919 | ¥14.41 | ¥39.06 | +171% |
| International Container Terminal Services, Inc ICTEF | $15.14 | $10.63 | -30% |
| Hapag-Lloyd Aktiengesellschaft, HLAGF | $125.83 | $124.27 | -1% |
| Shanghai International Port (Group) Co 600018 | ¥4.90 | ¥6.57 | +34% |
| Evergreen Marine Corporation 2603 | 189.00 TWD | 665.20 TWD | +252% |
| HMM Co 011200 | 18,380 KRW | 30,151 KRW | +64% |
| SITC International Holdings 1308 | HK$31.38 | HK$6.44 | -79% |
| Orient Overseas (International) Limited 0316 | HK$122.00 | HK$35.18 | -71% |
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How we calculate Fair Value
Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data — nothing guessed.
Not financial advice · no buy/sell recommendation. Model-based estimates are not certainties; their reliability depends on data quality and assumptions.