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Sincere Navigationoration

TAI:2605 · TW0002605003
MarineSmall

360

94
EV / EBIT80
Price / Owner Earnings55
Owner Earnings Yield95
Dividend Yield1
Price/Sales17
EV / Gross Profit42
Price/Book44
Return on Capital55
Cash Return on Capital90
Return on Equity41
EBIT Margin82
Gross Profitability36
Cash Conversion71
Accruals63
Owner Earnings Margin98
Sales growth92
Profit Growth83
Long-Term EPS Growth89
Owner Earnings Growth91
Reinvestment81
Price momentum96
Debt load62
Refinancing20
Debt Payback100
Liquidity88
Analyst ratings35
Opinion Changes50
Price Target Upside36
Market mood59
Value Creation18/20strong value creator
  • Creates more value than its capital costs
  • Owner earnings growing
  • Owner earnings per share growing
  • Reinvests at strong returns
  • Solid earnings base

What this means

Sincere Navigationoration generates returns well above its cost of capital, the foundation of durable shareholder value.

Profile

CountryTaiwan
IndustryMarine
SizeSmall
TypePublic Company
ExchangeTWSE
Founded1968
Employees7
Websitesnc.com.tw
ISINTW0002605003
Last UpdateApr 2, 2026
Index & Theme
Freight ServiceMarine TransportationLogisticsTransportation

Description

Sincere Navigation Corporation, a shipping transportation company, owns and operates bulk cargo vessels. Business Segments The primary segments include bulk shipping, tug and barge services, and shipping agency operations. In the bulk shipping seg…

Analysis

Quality compounder

Sincere Navigation Corporation is a quality compounder: a well-run business trading at a price that reflects what it is worth.

The price is attractive. You pay 7.3× its owner earnings: the cash an owner could take out each year, which is in the historically attractive zone.

The trajectory is solid and the balance sheet is sturdy. The company scores 18/20 on our value-creation score: strong value creator. Analyst sentiment is cautious.

Nothing is flagged here: no red or amber gates, no divergence between profits and cash. That is itself information: the numbers are straightforward. As always: this describes the company's numbers; it is not a recommendation.

360° rank · history

1007550250
60
2023202420252026

All-time high

88

Jan 2025

All-time low

60

Jun 2026

Average rank

73

across all years

Detailed & Historical Ranks

Deep dive into 15 detailed ranks and 3 years of history.

Current202520242023
Price/Sales
17
16
13
11
Price/Earnings
49
49
18
10
Price/Book
44
62
59
61
Dividend Yield
1
49
29
75
Value (overall)
10
39
19
33

Cells are coloured by rank band (red weak → green strong). Sentiment & 360° history begins 2023.

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Make Sense of the Ranks

Every rank runs 1–100 against true peers. Higher is always better.

360° View
1 · Watch OutGood· 100
Value
1 · ExpensiveGood Value· 100
Quality
1 · Weak FundamentalsHigh Quality· 100
Growth
1 · Tough TimesHigh Growth· 100
Safety
1 · High LeverageWell-Financed· 100
Sentiment
1 · SkepticismPositive· 100
Learn More →