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First Steamship Co 2601.TW · TWD

Industrials · Taiwan Stock Exchange · 🇹🇼 Taiwan

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5.14

-0.77%

Close of 9 Nov 2026, in TWD

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At a glance

Figures in TWD, from our data supplier.

FY2025

Revenue

TWD 1.49bn

FY2016FY2025

Net income

−TWD 1.34bn

FY2016FY2025

Free cash flow

TWD 825.7m

FY2016FY2025

Shareholders' equity

TWD 7.36bn

FY2016FY2025

Income statement

Fiscal years

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
RevenueTWD 1.49bnTWD 4.85bnTWD 5.50bnTWD 6.33bnTWD 6.93bnTWD 6.44bnTWD 8.13bnTWD 8.04bnTWD 7.30bnTWD 7.62bn
Operating incomeTWD 45.4m−TWD 7.5m−TWD 250.1mTWD 1.11bnTWD 1.04bnTWD 550.7mTWD 2.99bnTWD 1.02bnTWD 984.2mTWD 575.2m
Net income−TWD 1.34bn−TWD 288.8m−TWD 1.67bn−TWD 355.4mTWD 53.1m−TWD 321.1mTWD 1.40bnTWD 6.4mTWD 565.0m−TWD 1.09bn
Diluted earnings per share-1.69-0.35-2.02-0.430.06-0.412.040.010.81-2.59

Balance sheet

At each fiscal year end

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Total assetsTWD 11.78bnTWD 34.89bnTWD 35.37bnTWD 35.77bnTWD 38.99bnTWD 36.40bnTWD 38.27bnTWD 34.48bnTWD 35.02bnTWD 35.85bn
Cash and short-term investmentsTWD 494.5mTWD 1.90bnTWD 2.46bnTWD 3.34bnTWD 4.49bnTWD 4.59bnTWD 5.86bnTWD 7.16bnTWD 7.66bnTWD 8.80bn
Total liabilitiesTWD 4.33bnTWD 23.79bnTWD 24.42bnTWD 22.12bnTWD 25.73bnTWD 24.29bnTWD 25.01bnTWD 21.40bnTWD 22.09bnTWD 25.18bn
DebtTWD 3.92bnTWD 18.66bnTWD 18.97bnTWD 19.34bnTWD 21.66bnTWD 20.23bnTWD 19.87bnTWD 12.89bnTWD 13.32bnTWD 16.79bn
Shareholders' equityTWD 7.36bnTWD 9.02bnTWD 8.73bnTWD 10.52bnTWD 9.82bnTWD 8.46bnTWD 9.14bnTWD 8.71bnTWD 8.54bnTWD 6.56bn
Shares outstanding794m825m825m825m856m779m690m688m701m420m

Cash flow

Fiscal years

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Cash from operationsTWD 902.7mTWD 1.10bnTWD 1.79bnTWD 528.4mTWD 2.55bnTWD 200.1mTWD 2.08bnTWD 916.8mTWD 1.09bnTWD 921.2m
Capital spending−TWD 77.0m−TWD 102.7m−TWD 276.8m−TWD 220.5m−TWD 938.3m−TWD 1.36bn−TWD 1.30bn−TWD 994.1m−TWD 2.34bn−TWD 2.22bn
Free cash flowTWD 825.7mTWD 1.00bnTWD 1.52bnTWD 307.9mTWD 1.61bn−TWD 1.16bnTWD 785.9m−TWD 77.3m−TWD 1.24bn−TWD 1.30bn
Dividends paid————−TWD 81.5m−TWD 248.2m−TWD 63.1m−TWD 99.6m−TWD 63.1m—

Latest quarters

By quarter end

Jun 2026Mar 2026Dec 2025Sept 2025Jun 2025Mar 2025Dec 2024Sept 2024
RevenueTWD 407.3mTWD 568.0m−TWD 1.66bnTWD 980.6mTWD 1.01bnTWD 1.16bnTWD 1.25bnTWD 1.11bn
Operating incomeTWD 38.5mTWD 54.4mTWD 191.0m−TWD 66.0m−TWD 65.4m−TWD 15.4mTWD 6.8m−TWD 84.4m
Net income−TWD 150.4m−TWD 13.8m−TWD 1.07bn−TWD 71.5m−TWD 76.5m−TWD 130.3m−TWD 166.7m−TWD 58.1m
Diluted earnings per share-0.18-0.02-1.34-0.09-0.10-0.16-0.20-0.07
Cash from operationsTWD 133.0mTWD 323.0mTWD 536.0mTWD 183.0mTWD 205.0m−TWD 29.0mTWD 669.0mTWD 136.0m
Capital spending——−TWD 35.0m−TWD 15.0m−TWD 12.0m−TWD 12.0m−TWD 15.0m−TWD 32.0m
Free cash flow——TWD 501.0mTWD 168.0mTWD 193.0m−TWD 41.0mTWD 654.0mTWD 104.0m
Total assetsTWD 11.40bnTWD 11.57bnTWD 11.78bnTWD 30.67bnTWD 29.90bnTWD 34.30bnTWD 34.89bnTWD 35.13bn
Cash and short-term investmentsTWD 396.4mTWD 374.5mTWD 494.5mTWD 1.08bnTWD 1.23bnTWD 1.52bnTWD 1.90bnTWD 1.71bn
DebtTWD 2.61bnTWD 3.52bnTWD 3.92bnTWD 7.95bnTWD 7.71bnTWD 8.78bnTWD 8.78bnTWD 9.22bn
Shareholders' equityTWD 7.35bnTWD 7.52bnTWD 7.36bnTWD 7.51bnTWD 7.29bnTWD 9.02bnTWD 9.02bnTWD 8.93bn

Financial ratios

Data as of 18 Oct 2026

FY2025FY2024FY2023FY2022FY2021FY2020
Operating margin6.3%7.8%-25.1%12.1%15.1%8.6%
Net margin-90.2%-6.0%-30.3%-5.6%0.8%-5.0%
Return on equity-18.2%-3.2%-19.1%-3.4%0.5%-3.8%
Return on assets-11.4%-0.8%-4.7%-1.0%0.1%-0.9%
Free cash flow yield18.8%22.1%35.9%10.6%49.2%4.2%
Revenue growth-69.3%-11.8%-13.0%-8.7%7.5%-20.8%
Earnings growth365.4%-82.7%369.7%-769.4%-116.5%-122.9%
Current ratio1.00x0.47x0.65x0.90x0.86x0.59x
Debt to equity0.53x0.97x1.09x0.98x1.11x1.53x
Equity ratio62.5%25.9%24.7%29.4%25.2%23.2%
Interest coverage0.52x0.44x-1.50x0.90x1.53x0.72x
Buybacks as a share of market value3.7%0.0%0.0%3.7%-10.0%-12.9%

Growth per year

Compound annual rate

3 years5 years10 years
Revenue-38.3%-25.4%-16.0%
Operating income-65.5%-39.3%-27.7%
Net income55.8%33.1%-1.0%

Average margins

Over each period

1 year3 years5 years10 years
Operating margin0.6%4.9%7.9%13.0%
Net margin-25.8%-20.1%-12.4%-6.4%

Valuation history

At each fiscal year end

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Price to earnings-3.8-24.6-5.2-24.2252.4-33.36.0—12.2-2.9
Price to sales3.51.51.61.41.91.71.01.00.90.4

Dividends and splits

Per share, in the currency the company pays

Paid for 0 years. Last went ex-dividend on 30 Oct 2020.

FY2020FY2019FY2015FY2013FY2012FY2011FY2010FY2009
Paid in the year0.4780.110.2650.270.5081.0221.0291.043
  • 1.09-for-1 split · 30 Oct 2020
  • 1.103-for-1 split · 11 Aug 2009
  • 100-to-65.63 reverse split · 23 Apr 2004
  • 100-to-48 reverse split · 31 Oct 2002
  • 1.06-for-1 split · 18 Jul 1998
  • 1.094-for-1 split · 9 Jul 1997

Sources and methodology

Data on this tab
Our data supplier
Chart on the Overview
TradingView

Nothing here is investment advice. Prices can be delayed or wrong, so check with the exchange before relying on them. Data for this page. How we cover markets.