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Shih Wei Navigation Co (5608) Fair Value & Analysis

Industrials · TW · Market cap 5.4B TWD

SW Shih Wei Navigation Co 5608 · TW
Price14.10 TWD
Fair Value16.31 TWD
Upside+15.7%
Quality41/100
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Expensive Growth
Thin margins · 2.8% net margin
Low debt · generates free cash flow
Trails peers (4/11)
Narrow moat 22/100
Evidence: Medium Range 13.94 TWD – 24.34 TWD Share as image

Fair value as of: Jul 21, 2026

From 13 valuation models · updated 20 days ago

Share price −3.4% over the past month.

Below-average quality, screening 16% undervalued on our models.

What matters now

  • Our model range runs from 13.94 TWD (bear) to 24.34 TWD (bull), base 16.31 TWD. The closer the price sits to the lower half, the larger the margin of safety.
  • Quality 41/100 (below-average quality) with medium evidence: read the verdict with care.
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Price vs Fair Value (5 years)

62.44 TWD 10.06 TWD Fair Value 16.31 TWD Mar 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 21, 2026.

How to read this chart

60‑month range 10.06 TWD – 62.44 TWD · fair‑value band 13.94 TWD – 24.34 TWD · the 14.10 TWD price screens below the 16.31 TWD fair value. Dashed = 300-day average. As of Jul 21, 2026.

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Analysis

Shih Wei Navigation Co (5608) currently trades at 14.10 TWD, while our model-based Fair Value estimate is 16.31 TWD, implying the stock looks roughly 15.7% undervalued today. The Quality Score stands at 41/100 (below-average 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: medium), always confirm before acting.

Over the trailing twelve months, Shih Wei Navigation Co generated revenue of 3.2B TWD at a net margin of 2.8%. Revenue declined 1.9% year over year. It earns a return on equity of 0.1%. Net debt stands at 5.3B TWD. Fundamentals as of Jul 21, 2026

Our scenario range runs from 13.94 TWD (bear case) to 24.34 TWD (bull case); at 14.10 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 about 32% below its 52-week high and 1% above its 52-week low, currently below its 200-day average. For context, the median of 10 Industrials peers we cover trades at 67% fair-value upside, at 16%, 5608 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 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
Highest evidence
Growth DCF 1.65 TWD 3.60 TWD 6.95 TWD 80
Rev-Margin DCF 1.03 TWD 3.56 TWD 6.72 TWD 74
Gordon GGM 12.50 TWD 13.87 TWD 15.72 TWD 70
All 13 models by family
DCF Models
FCF DCF 1.41 TWD 3.43 TWD 7.21 TWD 38
Owner Earnings 4.48 TWD 7.55 TWD 13.30 TWD 31
5Y Revenue Exit 1.03 TWD 3.42 TWD 6.95 TWD 39
5Y EBITDA Exit 13.20 TWD 24.27 TWD 39.15 TWD 41
10Y Revenue Exit 0.9900 TWD 2.90 TWD 4.99 TWD 36
10Y EBITDA Exit 8.40 TWD 15.88 TWD 24.31 TWD 37
Dividend Discount
Gordon GGM 12.50 TWD 13.87 TWD 15.72 TWD 70
DDM Multi-Stage 12.50 TWD 15.89 TWD 20.22 TWD 61
Multiples
EV/EBITDA 25.05 TWD 34.88 TWD 44.70 TWD 54
EV/Revenue 1.23 TWD 3.65 TWD 6.07 TWD 43
Asset-Based
NCAV (Graham) 12.17 TWD 16.31 TWD 24.34 TWD 50
Growth DCF
Growth DCF 1.65 TWD 3.60 TWD 6.95 TWD 80
Rev-Margin DCF 1.03 TWD 3.56 TWD 6.72 TWD 74

Widest divergence: Asset-Based (16.31 TWD) versus DCF Models (3.43 TWD). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) 3.2B TWD
Revenue growth (YoY) -1.9%
Net margin 2.8%
Return on equity 0.1%
Free cash flow 242M TWD FY2025
Operating margin 1.2%
More key figures
EPS (TTM) -0.1300 TWD
EPS growth (YoY) +863%
Net debt 5.3B TWD FY2025

Figures from reported company fundamentals · as of Jul 21, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 41/100

Of which business quality 42 · Market factors (momentum, volatility) 39

Profitability 9
Margins and returns on capital today
Quality Growth 29
Are margins and returns improving?
Cashflow 47
Earnings quality: real cash, not paper profit
Fin. Strength 44
Balance sheet, leverage, solvency risk
Investment 67
Disciplined investing over empire-building
Low Volatility 77
Calm price path (market factor)
Momentum 27
Price trend over the last 3–12 months (market factor)
52W Momentum 16
Distance to the 52-week high (market factor)
Net Issuance 71
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

Shih Wei Navigation Co., Ltd. operates as a dry cargo shipping company in Taiwan. It engages in the shipping transportation, shipping agency, ship leasing, trading activities and tourist hotel services. Shih Wei Navigation Co., Ltd. was founded in 1985 and is based in Taipei, Taiwan.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Shih Wei Navigation Co reported revenue of 3.2B TWD in FY2025 versus 5.5B TWD in FY2021, a compound −12.9%/yr. Reported net income was −49.5M TWD in FY2025.

Growth Quality 39/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2025)
3.2B TWD
Latest YoY
−8.8%
Avg. growth/yr (3Y) 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.
−22.0%
Avg. growth/yr (5Y) 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.
+3.6%
Avg. growth/yr (24Y) 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.
+2.3%
Revenue −12.9%/yr
FY21 5.5B TWD
FY22 6.7B TWD
FY23 3.5B TWD
FY24 3.5B TWD
FY25 3.2B TWD
Net income
FY21 2.0B TWD
FY22 2.0B TWD
FY23 −476M TWD
FY24 −269M TWD
FY25 −49.5M TWD

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Cite: Fair Value Calculator (2026). "Shih Wei Navigation Co Fair Value". https://www.fairvalue-calculator.com/stock/5608

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 41 · Bottom 25%
Fair Value upside +16% · Above median
Return on equity (TTM) 0% · Bottom 25%
Return on assets 0% · Bottom 25%
Net margin (TTM) 3% · Below median
Operating margin (TTM) 1% · Bottom 25%
Revenue growth -2% · Below median
Debt / equity 0.41× · Higher than median

Valuation Multiples vs Marine Shipping median · lower = cheaper

P/S (TTM) 0.05× · Cheaper than 75% of peers
P/FCF 0.7× · Cheaper than median
EV/EBITDA 1.5× · Cheaper than 75% of peers

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 54 · sector 29
FUTURE 0 · sector 18
PAST 1 · sector 27
HEALTH 80 · sector 88
DIVIDEND 0 · sector 46

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 21, 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 Shih Wei Navigation Co (5608) overvalued or undervalued?
As of Jul 21, 2026, our model estimates a fair value of 16.31 TWD versus a price of 14.10 TWD, about +16% (undervalued).
What is the fair value of 5608?
Our model-based fair value for Shih Wei Navigation Co is 16.31 TWD (as of Jul 21, 2026), built from audited fundamentals. The current price is 14.10 TWD.
What is the quality score of 5608?
Shih Wei Navigation Co has a Quality Score of 41/100. 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 Shih Wei Navigation Co (5608)?
Shih Wei Navigation Co reported trailing-twelve-month revenue of about 3.2B TWD (latest available figure, as of Jul 21, 2026).
What is the net profit margin of 5608?
The net profit margin of Shih Wei Navigation Co is about 2.8%, meaning it keeps roughly 2.8% of revenue as net income. Based on the latest reported figures.

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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