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Wisdom Marine Lines Co (2637) Fair Value & Analysis

Industrials · TW · Market cap 62.4B TWD

WM Wisdom Marine Lines Co 2637 · TW
Price87.90 TWD
Fair Value92.60 TWD
Upside+5.4%
Quality62/100
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Mixed Growth
Highly profitable · 29.6% net margin
Low debt · generates free cash flow
0.14% dividend yield
Mixed vs. peers (7/14)
Moderate moat 62/100
Evidence: High Range 69.29 TWD – 115.59 TWD Share as image

Fair value as of: Jul 23, 2026

From 24 valuation models · updated 18 days ago

Fair value updated Jul 23, 2026, revised from 91.67 TWD to 92.60 TWD (+1.0%) since Jul 7, 2026. Share price +9.9% over the past month.

A solid business, currently priced close to our fair value.

What matters now

  • The price sits close to our fair value, market and models broadly agree here, little valuation tension.
  • Our model range runs from 69.29 TWD (bear) to 115.59 TWD (bull), base 92.60 TWD. The closer the price sits to the lower half, the larger the margin of safety.
  • Quality 62/100 (solid quality) with high evidence: the data supports the verdict.
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Price vs Fair Value (5 years)

93.08 TWD 23.39 TWD Fair Value 92.60 TWD Mar 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 23, 2026.

How to read this chart

60‑month range 23.39 TWD – 93.08 TWD · fair‑value band 69.29 TWD – 115.59 TWD · the 87.90 TWD price screens below the 92.60 TWD fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 23, 2026.

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Analysis

Wisdom Marine Lines Co (2637) currently trades at 87.90 TWD, while our model-based Fair Value estimate is 92.60 TWD, implying the stock looks roughly 5.4% fairly valued today. The Quality Score stands at 62/100 (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, Wisdom Marine Lines Co generated revenue of 572M TWD at a net margin of 29.6%. Revenue grew 28.6% year over year. It earns a return on equity of 10.8%. Net debt stands at 823M TWD. Fundamentals as of Jul 23, 2026

Our scenario range runs from 69.29 TWD (bear case) to 115.59 TWD (bull case); at 87.90 TWD, the current price sits within that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades near its 52-week high and 66% above its 52-week low, currently above its 200-day average. For context, the median of 10 Industrials peers we cover trades at 67% fair-value upside, at 5%, 2637 screens richer than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Model BearBaseBull Evidence
Highest evidence
Growth DCF 87.74 TWD 152.82 TWD 256.75 TWD 80
Residual Income 55.69 TWD 59.90 TWD 70.58 TWD 76
Rev-Margin DCF 36.26 TWD 59.90 TWD 88.71 TWD 74
All 24 models by family
DCF Models
FCF DCF 86.77 TWD 153.15 TWD 259.67 TWD 38
Owner Earnings 108.14 TWD 188.44 TWD 316.33 TWD 31
5Y Revenue Exit 36.26 TWD 58.60 TWD 86.12 TWD 39
5Y EBITDA Exit 87.42 TWD 157.68 TWD 241.21 TWD 41
5Y P/E Exit 68.32 TWD 121.09 TWD 177.11 TWD 38
10Y Revenue Exit 52.13 TWD 77.71 TWD 110.73 TWD 36
10Y EBITDA Exit 86.12 TWD 147.64 TWD 232.80 TWD 37
10Y P/E Exit 73.82 TWD 121.74 TWD 182.61 TWD 35
Earnings-Based
Graham-Dodd 36.91 TWD 133.72 TWD 180.34 TWD 54
Lynch FV 31.73 TWD 45.33 TWD 58.93 TWD 50
PEG = 1.0 31.73 TWD 45.33 TWD 58.93 TWD 46
EPV 29.79 TWD 37.56 TWD 44.68 TWD 59
Multiples
P/E Multiple 85.80 TWD 114.29 TWD 142.79 TWD 63
P/S Multiple 34.97 TWD 46.62 TWD 58.28 TWD 58
P/B Multiple 69.29 TWD 92.60 TWD 115.59 TWD 55
EV/EBIT 53.10 TWD 76.74 TWD 100.37 TWD 53
EV/EBITDA 99.40 TWD 138.58 TWD 177.75 TWD 54
EV/Revenue 11.33 TWD 23.96 TWD 36.59 TWD 43
Asset-Based
NCAV (Graham) 33.35 TWD 44.68 TWD 66.70 TWD 50
Growth DCF
Growth DCF 87.74 TWD 152.82 TWD 256.75 TWD 80
Rev-Margin DCF 36.26 TWD 59.90 TWD 88.71 TWD 74
Economic Profit
Residual Income 55.69 TWD 59.90 TWD 70.58 TWD 76
ROIC Compounder 29.79 TWD 37.56 TWD 44.68 TWD 72
Growth Earnings
Growth-Adj P/E 60.22 TWD 85.80 TWD 111.70 TWD 68

Widest divergence: DCF Models (121.74 TWD) versus Economic Profit (37.56 TWD). Highest evidence: Growth DCF (80).

Key figures & financial health

Revenue (TTM) 572M TWD
Revenue growth (YoY) +28.6%
Net margin 29.6%
Return on equity 10.8%
Free cash flow 204M TWD FY2025
P/E ratio 14.6
More key figures
Operating margin 27.6%
EPS (TTM) 5.37 TWD
Dividend yield 0.1%
EPS growth (YoY) +80.0%
Net debt 823M TWD FY2025

Figures from reported company fundamentals · as of Jul 23, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 62/100

Of which business quality 60 · Market factors (momentum, volatility) 77

Profitability 38
Margins and returns on capital today
Quality Growth 14
Are margins and returns improving?
Cashflow 95
Earnings quality: real cash, not paper profit
Fin. Strength 60
Balance sheet, leverage, solvency risk
Investment 94
Disciplined investing over empire-building
Low Volatility 68
Calm price path (market factor)
Momentum 71
Price trend over the last 3–12 months (market factor)
52W Momentum 97
Distance to the 52-week high (market factor)
Net Issuance 61
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

About the company

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. The company acquires, owns, operates, and manages dry bulk vessels with a focus on the handy sector.

Full company description

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. 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.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Wisdom Marine Lines Co reported revenue of 538M TWD in FY2025 versus 686M TWD in FY2021, a compound −5.9%/yr. Reported net income was 125M TWD in FY2025, compounding −19.3%/yr from FY2021.

Growth Quality 70/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
538M TWD
Latest YoY
−15.1%
Avg. growth/yr (3Y)
−13.6%
Avg. growth/yr (5Y)
+5.9%
Avg. growth/yr (19Y)
+11.3%
Revenue −5.9%/yr
FY21 686M TWD
FY22 836M TWD
FY23 546M TWD
FY24 634M TWD
FY25 538M TWD
Net income −19.3%/yr
FY21 295M TWD
FY22 355M TWD
FY23 105M TWD
FY24 188M TWD
FY25 125M TWD

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Cite: Fair Value Calculator (2026). "Wisdom Marine Lines Co Fair Value". https://www.fairvalue-calculator.com/stock/2637

Peer Group

Marine Shipping · 231 stocks

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.

Quality Score 62 · Above median
Fair Value upside +5% · Above median
Return on equity (TTM) 11% · Above median
Return on assets 4% · Above median
Net margin (TTM) 30% · Top 25%
Operating margin (TTM) 28% · Top 25%
Revenue growth 29% · Top 25%
Dividend yield (TTM) 0.1% · Bottom 25%
Debt / equity 0.39× · Higher than median

Valuation Multiples vs Marine Shipping median · lower = cheaper

P/E (TTM) 15.4× · Pricier than median
P/B 1.26× · Pricier than median
P/S (TTM) 3.39× · Pricier than 75% of peers
P/FCF 9.5× · Pricier than 75% of peers
EV/EBITDA 8.6× · Pricier than median

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUE 40 · sector 29
FUTURE 100 · sector 18
PAST 43 · sector 27
HEALTH 81 · sector 88
DIVIDEND 3 · sector 47

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Marine Shipping stocks, each showing price versus our Fair Value estimate (as of Jul 23, 2026).

Stock Price Fair Value vs Fair Value
Adani Ports and Special Economic Zone Limited ADANIPORTS ₹1,828 ₹1,041 -43%
A.P. Møller - Mærsk A/S MAERSKA kr 16,520 kr 3,033 -82%
COSCO SHIPPING Holdings 601919 ¥13.98 ¥40.37 +189%
Shanghai International Port (Group) Co 600018 ¥5.17 ¥6.57 +27%
HMM Co 011200 20,050 KRW 33,855 KRW +69%
Ningbo Zhoushan Port Company 601018 ¥3.35 ¥5.58 +67%
Qingdao Port International Co 601298 ¥8.88 ¥15.97 +80%
JSW Infrastructure Limited JSWINFRA ₹330.05 ₹126.31 -62%
Wan Hai Lines Ltd 2615 80.70 TWD 212.79 TWD +164%
Wallenius Wilhelmsen ASA WAWI kr 137.70 kr 50.56 -63%

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Frequently asked questions

Is Wisdom Marine Lines Co (2637) overvalued or undervalued?
As of Jul 23, 2026, our model estimates a fair value of 92.60 TWD versus a price of 87.90 TWD, about +5% (fairly valued).
What is the fair value of 2637?
Our model-based fair value for Wisdom Marine Lines Co is 92.60 TWD (as of Jul 23, 2026), built from audited fundamentals. The current price is 87.90 TWD.
What is the quality score of 2637?
Wisdom Marine Lines Co has a Quality Score of 62/100. 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 revenue of Wisdom Marine Lines Co (2637)?
Wisdom Marine Lines Co reported trailing-twelve-month revenue of about 572M TWD (latest available figure, as of Jul 23, 2026).
What is the net profit margin of 2637?
The net profit margin of Wisdom Marine Lines Co is about 29.6%, meaning it keeps roughly 29.6% of revenue as net income. Based on the latest reported figures.
Does Wisdom Marine Lines Co pay a dividend?
Wisdom Marine Lines Co currently shows a dividend yield of about 0.14% relative to its recent price (as of Jul 23, 2026).

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.

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