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Dimerco Express

GTSM:5609
Snowflake Description

Flawless balance sheet with solid track record.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
5609
GTSM
NT$3B
Market Cap
  1. Home
  2. TW
  3. Transportation
Company description

Dimerco Express Corporation, together with its subsidiaries, engages in the international transportation and logistics business. The last earnings update was 90 days ago. More info.


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5609 Share Price and Events
7 Day Returns
0%
GTSM:5609
2%
TW Logistics
1.4%
TW Market
1 Year Returns
26.3%
GTSM:5609
8.8%
TW Logistics
17.7%
TW Market
5609 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Dimerco Express (5609) 0% 6.3% 9.1% 26.3% 16.4% 13.5%
TW Logistics 2% 6.5% 6.7% 8.8% 2.6% -2.3%
TW Market 1.4% 6% 9.8% 17.7% 27.6% 27.7%
1 Year Return vs Industry and Market
  • 5609 outperformed the Logistics industry which returned 8.8% over the past year.
  • 5609 outperformed the Market in Taiwan, Province of China which returned 17.7% over the past year.
Price Volatility
5609
Industry
5yr Volatility vs Market

Value

 Is Dimerco Express undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Dimerco Express to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Dimerco Express.

GTSM:5609 Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Extrapolated from most recent financials. See below
Discount Rate (Cost of Equity) See below 9.6%
Perpetual Growth Rate 10-Year TW Government Bond Rate 2.7%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for GTSM:5609
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year TW Govt Bond Rate 2.7%
Equity Risk Premium S&P Global 6%
Logistics Unlevered Beta Simply Wall St/ S&P Global 1
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1 (1 + (1- 20%) (28.73%))
1.154
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.15
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (1.154 * 5.96%)
9.61%

Discounted Cash Flow Calculation for GTSM:5609 using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Dimerco Express is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

Note: Free cash flow to equity valuations ignore the company's cash or debt.

GTSM:5609 DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (TWD, Millions) Source Present Value
Discounted (@ 9.61%)
2020 875.26 Est @ 34.51% 798.55
2021 1,093.88 Est @ 24.98% 910.53
2022 1,294.11 Est @ 18.3% 982.77
2023 1,470.51 Est @ 13.63% 1,018.86
2024 1,622.87 Est @ 10.36% 1,025.87
2025 1,753.87 Est @ 8.07% 1,011.50
2026 1,867.33 Est @ 6.47% 982.54
2027 1,967.18 Est @ 5.35% 944.36
2028 2,056.93 Est @ 4.56% 900.89
2029 2,139.46 Est @ 4.01% 854.91
Present value of next 10 years cash flows NT$9,430.00
GTSM:5609 DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= NT$2,139.46 × (1 + 2.73%) ÷ (9.61% – 2.73%)
NT$31,959.35
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= NT$31,959.35 ÷ (1 + 9.61%)10
NT$12,770.61
GTSM:5609 Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= NT$9,430.00 + NT$12,770.61
NT$22,200.61
Equity Value per Share
(TWD)
= Total value / Shares Outstanding
= NT$22,200.61 / 126.00
NT$176.2
GTSM:5609 Discount to Share Price
Calculation Result
Value per share (TWD) From above. NT$176.20
Current discount Discount to share price of NT$25.20
= -1 x (NT$25.20 - NT$176.20) / NT$176.20
85.7%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Dimerco Express is available for.
Intrinsic value
>50%
Share price is NT$25.2 vs Future cash flow value of NT$176.2
Current Discount Checks
For Dimerco Express to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Dimerco Express's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Dimerco Express's share price is below the future cash flow value, and at a substantial discount (> 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Dimerco Express's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Dimerco Express's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
GTSM:5609 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-06-30) in TWD NT$2.78
GTSM:5609 Share Price ** GTSM (2019-11-08) in TWD NT$25.2
Taiwan, Province of China Logistics Industry PE Ratio Median Figure of 7 Publicly-Listed Logistics Companies 14x
Taiwan, Province of China Market PE Ratio Median Figure of 1,438 Publicly-Listed Companies 16.62x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Dimerco Express.

GTSM:5609 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= GTSM:5609 Share Price ÷ EPS (both in TWD)

= 25.2 ÷ 2.78

9.07x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Dimerco Express is good value based on earnings compared to the TW Logistics industry average.
  • Dimerco Express is good value based on earnings compared to the Taiwan, Province of China market.
Price based on expected Growth
Does Dimerco Express's expected growth come at a high price?
Raw Data
GTSM:5609 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 9.07x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
-4.3%per year
Asia Logistics Industry PEG Ratio Median Figure of 29 Publicly-Listed Logistics Companies 1.14x
Taiwan, Province of China Market PEG Ratio Median Figure of 244 Publicly-Listed Companies 1.14x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Dimerco Express, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Dimerco Express's assets?
Raw Data
GTSM:5609 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-06-30) in TWD NT$16.33
GTSM:5609 Share Price * GTSM (2019-11-08) in TWD NT$25.2
Taiwan, Province of China Logistics Industry PB Ratio Median Figure of 7 Publicly-Listed Logistics Companies 1.54x
Taiwan, Province of China Market PB Ratio Median Figure of 1,939 Publicly-Listed Companies 1.46x
GTSM:5609 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= GTSM:5609 Share Price ÷ Book Value per Share (both in TWD)

= 25.2 ÷ 16.33

1.54x

* Primary Listing of Dimerco Express.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Dimerco Express is overvalued based on assets compared to the TW Logistics industry average.
X
Value checks
We assess Dimerco Express's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Logistics industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Logistics industry average (and greater than 0)? (1 check)
  5. Dimerco Express has a total score of 4/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is Dimerco Express expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

  • No analysts cover Dimerco Express, future earnings growth has been estimated based on fundamentals.
The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
-4.3%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Dimerco Express expected to grow at an attractive rate?
  • Dimerco Express's earnings are expected to decrease over the next 1-3 years, this is below the low risk savings rate of 2.7%.
Growth vs Market Checks
  • Dimerco Express's earnings are expected to decrease over the next 1-3 years, this is below the Taiwan, Province of China market average.
  • Unable to compare Dimerco Express's revenue growth to the Taiwan, Province of China market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
GTSM:5609 Future Growth Rates Data Sources
Data Point Source Value (per year)
GTSM:5609 Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts -4.3%
Taiwan, Province of China Logistics Industry Earnings Growth Rate Market Cap Weighted Average 3.8%
Asia Logistics Industry Revenue Growth Rate Market Cap Weighted Average 14.3%
Taiwan, Province of China Market Earnings Growth Rate Market Cap Weighted Average 11.3%
Taiwan, Province of China Market Revenue Growth Rate Market Cap Weighted Average 7.8%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
GTSM:5609 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (4 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in TWD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
GTSM:5609 Future Estimates Data
Date (Data in TWD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
GTSM:5609 Past Financials Data
Date (Data in TWD Millions) Revenue Cash Flow Net Income *
2019-06-30 18,622 682 350
2019-03-31 18,626 480 291
2018-12-31 18,444 250 263
2018-09-30 17,691 360 228
2018-06-30 17,543 411 231
2018-03-31 17,416 350 210
2017-12-31 17,533 425 207
2017-09-30 17,445 166 214
2017-06-30 16,667 148 218
2017-03-31 16,557 250 259
2016-12-31 16,158 268 271
2016-09-30 16,343 264 232

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Dimerco Express's earnings are expected to decrease over the next 1-3 years, this is not considered high growth.
  • Unable to determine if Dimerco Express is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
GTSM:5609 Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (4 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Dimerco Express Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

GTSM:5609 Future Estimates Data
Date (Data in TWD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
GTSM:5609 Past Financials Data
Date (Data in TWD Millions) EPS *
2019-06-30 2.78
2019-03-31 2.31
2018-12-31 2.09
2018-09-30 1.82
2018-06-30 1.85
2018-03-31 1.69
2017-12-31 1.67
2017-09-30 1.73
2017-06-30 1.77
2017-03-31 2.11
2016-12-31 2.20
2016-09-30 1.88

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Dimerco Express will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Dimerco Express's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Taiwan, Province of China market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Asia market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Dimerco Express has a total score of 0/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Dimerco Express performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Dimerco Express's growth in the last year to its industry (Logistics).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Dimerco Express's year on year earnings growth rate has been positive over the past 5 years.
  • Dimerco Express's 1-year earnings growth exceeds its 5-year average (51.9% vs 8.5%)
  • Dimerco Express's earnings growth has exceeded the TW Logistics industry average in the past year (51.9% vs 16.1%).
Earnings and Revenue History
Dimerco Express's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Dimerco Express Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

GTSM:5609 Past Revenue, Cash Flow and Net Income Data
Date (Data in TWD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-06-30 18,621.60 350.12 2,292.95
2019-03-31 18,625.58 290.65 2,245.67
2018-12-31 18,444.42 263.02 2,228.56
2018-09-30 17,690.95 228.17 2,232.59
2018-06-30 17,542.71 230.51 2,258.41
2018-03-31 17,416.43 210.21 2,216.90
2017-12-31 17,533.28 206.82 2,166.88
2017-09-30 17,444.57 214.22 2,098.84
2017-06-30 16,666.88 218.26 2,081.17
2017-03-31 16,557.24 259.25 2,151.47
2016-12-31 16,158.47 270.78 2,201.70
2016-09-30 16,342.97 231.82 2,282.02
2016-06-30 15,871.70 183.76 2,225.12
2016-03-31 15,493.21 163.18 2,195.26
2015-12-31 15,548.52 137.40 2,187.45
2015-09-30 16,259.48 149.45 2,135.75
2015-06-30 16,683.00 180.60 2,124.61
2015-03-31 17,111.07 213.87 2,101.31
2014-12-31 16,983.23 214.43 2,077.65
2014-09-30 15,535.50 215.51 2,005.64
2014-06-30 14,983.38 217.61 1,974.95
2014-03-31 14,635.68 175.18 1,978.17
2013-12-31 14,172.40 131.48 1,966.14
2013-09-30 13,898.54 140.51 2,006.86
2013-06-30 14,244.44 104.38 2,057.15
2013-03-31 14,572.76 97.77 2,030.72
2012-12-31 15,094.17 143.62 2,017.72

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Dimerco Express has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Dimerco Express used its assets more efficiently than the TW Logistics industry average last year based on Return on Assets.
  • Dimerco Express has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Dimerco Express's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Logistics industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Dimerco Express has a total score of 5/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Dimerco Express's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Dimerco Express's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Dimerco Express is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Dimerco Express's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Dimerco Express's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • Low level of unsold assets.
  • Debt is covered by short term assets, assets are 6.2x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Dimerco Express Company Filings, last reported 4 months ago.

GTSM:5609 Past Debt and Equity Data
Date (Data in TWD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-06-30 2,163.19 628.03 1,722.58
2019-03-31 2,204.87 637.03 1,591.58
2018-12-31 2,089.60 640.03 1,214.90
2018-09-30 2,002.21 643.18 1,056.11
2018-06-30 1,950.10 650.66 1,274.83
2018-03-31 1,956.32 661.14 1,239.57
2017-12-31 1,901.93 674.32 1,118.44
2017-09-30 1,900.38 715.15 957.39
2017-06-30 1,841.55 625.33 1,120.85
2017-03-31 2,006.46 616.83 1,170.85
2016-12-31 2,172.03 639.63 1,145.43
2016-09-30 2,038.25 675.01 1,138.93
2016-06-30 2,069.31 678.40 1,372.68
2016-03-31 2,074.72 681.84 1,347.04
2015-12-31 2,067.07 711.43 1,174.40
2015-09-30 2,121.56 715.31 1,261.56
2015-06-30 2,017.11 625.05 1,268.55
2015-03-31 2,120.43 629.31 1,270.32
2014-12-31 2,152.52 633.70 1,148.89
2014-09-30 2,017.32 654.83 1,040.28
2014-06-30 1,890.66 587.44 977.71
2014-03-31 1,967.18 524.46 1,099.46
2013-12-31 1,952.14 473.45 951.73
2013-09-30 1,896.19 472.09 984.86
2013-06-30 1,878.11 447.87 1,008.99
2013-03-31 1,883.58 423.50 1,060.78
2012-12-31 1,830.15 423.99 1,042.17
  • Dimerco Express's level of debt (29%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (31.1% vs 29% today).
  • Debt is well covered by operating cash flow (108.6%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 60.4x coverage).
X
Financial health checks
We assess Dimerco Express's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Dimerco Express has a total score of 6/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is Dimerco Express's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
5.95%
Current annual income from Dimerco Express dividends.
If you bought NT$2,000 of Dimerco Express shares you are expected to receive NT$119 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Dimerco Express's pays a higher dividend yield than the bottom 25% of dividend payers in Taiwan, Province of China (2.59%).
  • Dimerco Express's dividend is above the markets top 25% of dividend payers in Taiwan, Province of China (5.95%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
GTSM:5609 Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
Taiwan, Province of China Logistics Industry Average Dividend Yield Market Cap Weighted Average of 7 Stocks 4.2%
Taiwan, Province of China Market Average Dividend Yield Market Cap Weighted Average of 1337 Stocks 4.1%
Taiwan, Province of China Minimum Threshold Dividend Yield 10th Percentile 1.4%
Taiwan, Province of China Bottom 25% Dividend Yield 25th Percentile 2.6%
Taiwan, Province of China Top 25% Dividend Yield 75th Percentile 6%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

GTSM:5609 Future Dividends Estimate Data
Date (Data in NT$) Dividend per Share (annual) Avg. No. Analysts
GTSM:5609 Past Annualized Dividends Data
Date (Data in NT$) Dividend per share (annual) Avg. Yield (%)
2019-05-14 1.500 6.531
2019-04-01 1.500 6.892
2019-01-15 1.500 7.357
2018-08-13 1.180 6.013
2018-03-31 1.180 5.740
2018-03-15 1.180 5.552
2017-05-15 2.000 9.032
2017-03-30 2.000 8.545
2017-03-16 2.000 8.324
2016-05-16 1.020 5.236
2016-03-29 1.020 6.320
2015-05-14 1.020 5.889
2015-03-30 1.020 4.735
2014-05-12 0.720 3.312
2013-11-08 0.680 3.422
2013-06-14 0.680 3.923

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Dimerco Express has been paying a dividend for less than 10 years and during this time payments have been volatile (annual drop of over 20%).
  • Dividend payments have increased, but Dimerco Express only paid a dividend in the past 6 years.
Current Payout to shareholders
What portion of Dimerco Express's earnings are paid to the shareholders as a dividend.
  • Dividends paid are covered by earnings (1.9x coverage).
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Dimerco Express's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.4%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Dimerco Express afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Dimerco Express has a total score of 3/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of Dimerco Express's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Edward Lin
CEO Bio

Mr. Tien-Song Lin, also known as Edward, serves as the Chief Executive Officer of Dimerco Express Corporation and has been its Director since June 26, 2009. Mr. Lin served as the Chief Operating Officer at Dimerco Express Corporation.

CEO Compensation
  • Insufficient data for Edward to compare compensation growth.
  • Insufficient data for Edward to establish whether their remuneration is reasonable compared to companies of similar size in Taiwan, Province of China.
Management Team Tenure

Average tenure of the Dimerco Express management team in years:

0.1
Average Tenure
  • The average tenure for the Dimerco Express management team is less than 2 years, this suggests a new team.
Management Team

Paul Chien

TITLE
Founder & Chairman
TENURE
48.3 yrs

Edward Lin

TITLE
CEO & Director

George Chiou

TITLE
Member of Executive Management Board & President
TENURE
0.1 yrs

Jing Chen

TITLE
CFO & Corporate Controller

Jeffrey Shih

TITLE
Member of Executive Management Board
TENURE
0.1 yrs

Johnny Kao

TITLE
Member of Executive Management Board & President of Greater China Region
TENURE
0.1 yrs

Herbert Liou

TITLE
Member of Executive Management Board
TENURE
0.1 yrs

Jack Ruan

TITLE
Vice President of Investment & Investor Relation Management and Director

Kelly Chou

TITLE
Chief Legal Officer
TENURE
0.8 yrs

Paul Lee

TITLE
Vice President of Sales & Marketing
TENURE
0.8 yrs
Board of Directors Tenure

Average tenure of the Dimerco Express board of directors in years:

16.4
Average Tenure
  • The average tenure for the Dimerco Express board of directors is over 10 years, this suggests they are a seasoned and experienced board.
Board of Directors

Edward Lin

TITLE
CEO & Director
TENURE
10.4 yrs

Jack Ruan

TITLE
Vice President of Investment & Investor Relation Management and Director
TENURE
1.4 yrs

Robert Yang

TITLE
Director
TENURE
34.3 yrs

Paul Chien

TITLE
Founder & Chairman

Chester Chuang

TITLE
Director
TENURE
16.4 yrs

Yeung Tim

TITLE
Independent Director

Bill Y. Chien

TITLE
Independent Director

Mathew Ho

TITLE
Supervisor
TENURE
16.4 yrs

Joe Jwu

TITLE
Supervisor
Who owns this company?
Recent Insider Trading
  • No 3 month open market individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (NT$) Value (NT$)
X
Management checks
We assess Dimerco Express's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Dimerco Express has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Company Info

Description

Dimerco Express Corporation, together with its subsidiaries, engages in the international transportation and logistics business. The company offers air freight services, including scheduled consolidation, direct air carrier, airport-to-airport, and door-to-door delivery; ocean freight services; and sea/air and air/sea freight services. It also provides customs brokerage services, such as customs clearance services and professional solutions; and logistics and warehousing services comprising vendor managed inventory, raw materials distribution, finished goods distribution, reverse logistics, after sales logistics, distribution assortment, cross-docking, just-in-time, sequenced supply synchronized delivery management, and in-transit mixing product support services. In addition, the company offers cross-border trucking, domestic transportation, cargo insurance brokerage, and logistics supply chain management consultancy services. Further, it provides integrated value added services that include domestic and cross-border air and road freight, as well as logistics warehousing services in Free Trade Zones, and regular and bonded logistics parks/centers under the China Plus name. The company serves the aerospace, auto components, cabling, communication equipment, computer and peripherals, electrical equipment, electronic equipment and instruments, machinery parts, metals and mining, paper and forest goods, construction materials, telecom parts, plastic products, semiconductors and semiconductor equipment, and tooling industries. Dimerco Express Corporation has operations in 17 countries in Asia, Australia, North America, Europe, and internationally. The company was founded in 1971 and is headquartered in Taipei City, Taiwan.

Details
Name: Dimerco Express Corporation
5609
Exchange: GTSM
Founded: 1971
NT$3,213,000,000
126,000,000
Website: http://www.dimerco.com
Address: Dimerco Express Corporation
No. 160, Min Chuan East Road,
11th Floor,
Taipei,
114,
Taiwan
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
GTSM 5609 Common Stock Taipei Exchange TW TWD 15. Oct 2001
Number of employees
Current staff
Staff numbers
0
Dimerco Express employees.
Industry
Air Freight and Logistics
Transportation
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/11/11 14:47
End of day share price update: 2019/11/08 00:00
Last estimates confirmation: 2019/03/29
Last earnings filing: 2019/08/13
Last earnings reported: 2019/06/30
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.