Taiwan High Speed Rail Corp

2633 · TW · Industrials / Railroads

25.80TWD+0.20 (+0.78%)

Price History

Full chart

Market Stats

Previous Close25.60

Open25.55

Day Range25.45 – 25.80

52-Week Range24.80 – 29.20

Volume1.52M

Market Cap144.93B

P/E (TTM)21.11

Forward P/E0.00

EPS1.22

Dividend Yield4.46%

Beta0.06

50-Day Avg25.95

200-Day Avg26.43

About

Taiwan High Speed Rail Corporation constructs, operates, and manages railway systems and related facilities in Taiwan. The company operates a 350-kilometer rail system passing through Nangang, Taipei, Banqiao, Taoyuan, Hsinchu, Miaoli, Taichung, Changhua, Yunlin, Chiayi, Tainan, and Zuoying stations. It also offers accessibility services; standard, business, and accessible car services; in-train shop that provides snack, beverage, bread, gift set, meal box, themed souvenirs, and vending machines; and in-train magazine. The company was founded in 1987 and is headquartered in Taipei, Taiwan.

Company Details

SectorIndustrials
IndustryRailroads
CEOMr. Hui-Yui Chen
Employees5.01K
HeadquartersNo. 66, Jingmao 2nd Road, Taipei, Taiwan, 11568, Taiwan
Websitehttps://www.thsrc.com.tw

Leadership

Mr. Hui-Yui ChenPresident & Senior VP of Operations
Mr. Allen WangVice President of Finance Division
Mr. Griffin HuangAssistant Vice President of Accounting Department of Finance Division
Mr. Barret WangSenior VP of Administration, Chief Secretariat of Board & Corporate Governance Officer
Ms. Mandy KoAssistant Vice President of Legal Office
Ms. Elaine TsouVice President of Public Affairs Division
Mr. Tim FuVP of Human Resources, Administration Division & Chief Auditor
Ms. Rae-Fang ChungSenior VP of Planning & Head of Corporate Planning Division · b. 1967
Mr. Sheng-Hsin YuChief Engineer & AVP of Core Technology Development Department
Mr. Calvin YenSenior VP of Business and Head of Travel, Business Development & Information Technology Division

Financials

Income Statement

Currency: TWD	2003-12-31	2004-12-31	2005-12-31	2006-12-31	2007-12-31	2008-12-31	2009-12-31	2010-12-31	2011-12-31	2012-12-31	2013-12-31	2014-12-31	2015-12-31	2016-12-31	2017-12-31	2018-12-31	2019-12-31	2020-12-31	2021-12-31	2022-12-31	2023-12-31	2024-12-31	2025-12-31

Currency: TWD	2003-12-31	2004-12-31	2005-12-31	2006-12-31	2007-12-31	2008-12-31	2009-12-31	2010-12-31	2011-12-31	2012-12-31	2013-12-31	2014-12-31	2015-12-31	2016-12-31	2017-12-31	2018-12-31	2019-12-31	2020-12-31	2021-12-31	2022-12-31	2023-12-31	2024-12-31	2025-12-31
Total Revenue	-	-	-	-	13.50B	23.05B	23.32B	27.64B	32.24B	33.98B	36.10B	38.51B	51.90B	40.61B	43.44B	45.42B	47.51B	39.14B	30.23B	37.13B	49.81B	53.19B	54.65B
Growth (%)	-	-	-	-	-	+70.69%	+1.20%	+18.49%	+16.65%	+5.42%	+6.23%	+6.67%	+34.78%	-21.75%	+6.95%	+4.56%	+4.61%	-17.62%	-22.76%	+22.84%	+34.14%	+6.77%	+2.75%
Cost of Revenue	-	-	-	-	26.78B	27.82B	16.78B	17.67B	19.26B	20.96B	23.76B	25.71B	30.50B	25.97B	24.61B	25.08B	25.76B	26.10B	25.70B	25.89B	27.62B	29.83B	31.06B
Gross Profit	-	-	-	-	-13.28B	-4.77B	6.55B	9.96B	12.98B	13.02B	12.34B	12.80B	21.40B	14.64B	18.82B	20.33B	21.74B	13.04B	4.53B	11.24B	22.19B	23.36B	23.59B
Gross Margin	-	-	-	-	-98.35%	-20.70%	28.07%	36.04%	40.27%	38.32%	34.17%	33.24%	41.24%	36.04%	43.33%	44.77%	45.77%	33.32%	14.97%	30.28%	44.55%	43.92%	43.16%
Operating Expense	-	-	-	-	1.64B	3.18B	515.97M	2.29B	943.43M	332.27M	-81.95M	585.17M	-6.69B	1.26B	4.88B	1.19B	7.51B	1.70B	-5.50B	745.68M	1.66B	1.86B	2.09B
Operating Income	-	-	-	-3.13B	-14.92B	-7.95B	6.03B	7.67B	12.04B	12.69B	12.42B	12.21B	28.09B	13.37B	13.94B	19.14B	14.23B	11.34B	10.02B	10.50B	20.53B	21.50B	21.50B
Operating Margin	-	-	-	-	-110.48%	-34.50%	25.85%	27.75%	37.34%	37.34%	34.40%	31.72%	54.12%	32.93%	32.10%	42.16%	29.95%	28.97%	33.16%	28.27%	41.22%	40.42%	39.34%
EBITDA	-	-	-	-2.95B	4.03B	11.64B	14.36B	17.64B	22.71B	25.52B	27.52B	29.23B	48.71B	29.09B	27.84B	27.71B	28.23B	25.51B	24.28B	24.13B	30.23B	29.15B	35.30B
EBITDA Margin	-	-	-	-	29.83%	50.52%	61.58%	63.85%	70.45%	75.08%	76.22%	75.90%	93.86%	71.63%	64.11%	61.01%	59.42%	65.19%	80.33%	64.99%	60.68%	54.81%	64.59%
Net Income	-	-	-	-3.43B	-29.40B	-25.01B	-4.79B	-1.21B	5.78B	3.58B	3.29B	5.52B	20.87B	4.15B	5.34B	10.70B	8.01B	5.84B	3.61B	3.77B	7.82B	6.45B	6.58B
Net Income Margin	-	-	-	-	-217.72%	-108.51%	-20.53%	-4.38%	17.94%	10.53%	9.11%	14.33%	40.22%	10.22%	12.29%	23.55%	16.85%	14.93%	11.95%	10.15%	15.71%	12.13%	12.04%
Interest Expense	0	0	0	380.57M	14.42B	17.46B	10.78B	8.91B	8.85B	10.28B	9.71B	9.56B	9.26B	8.38B	7.46B	6.62B	6.45B	5.92B	5.76B	6.23B	6.82B	6.63B	6.55B
Interest Expense % of Total Revenue	-	-	-	-	106.82%	75.78%	46.21%	32.25%	27.47%	30.26%	26.90%	24.82%	17.84%	20.62%	17.18%	14.57%	13.59%	15.12%	19.05%	16.78%	13.68%	12.47%	11.98%

Balance Sheet

Currency: TWD	2003-12-31	2004-12-31	2005-12-31	2006-12-31	2007-12-31	2008-12-31	2009-12-31	2010-12-31	2011-12-31	2012-12-31	2013-12-31	2014-12-31	2015-12-31	2016-12-31	2017-12-31	2018-12-31	2019-12-31	2020-12-31	2021-12-31	2022-12-31	2023-12-31	2024-12-31	2025-12-31

Currency: TWD	2003-12-31	2004-12-31	2005-12-31	2006-12-31	2007-12-31	2008-12-31	2009-12-31	2010-12-31	2011-12-31	2012-12-31	2013-12-31	2014-12-31	2015-12-31	2016-12-31	2017-12-31	2018-12-31	2019-12-31	2020-12-31	2021-12-31	2022-12-31	2023-12-31	2024-12-31	2025-12-31
Total Assets	235.07B	316.18B	376.61B	427.51B	439.84B	425.03B	414.08B	417.90B	425.04B	418.03B	500.60B	501.72B	506.60B	461.21B	440.06B	433.06B	443.06B	427.57B	427.91B	400.54B	402.70B	383.87B	380.80B
Total Liabilities	160.32B	235.47B	287.54B	345.09B	385.44B	395.45B	389.29B	394.32B	396.23B	385.65B	457.47B	456.67B	446.40B	400.14B	377.04B	363.64B	371.98B	357.48B	360.13B	333.25B	331.37B	311.80B	308.03B
Total Equity	74.75B	80.71B	89.07B	82.42B	54.41B	29.58B	24.79B	23.58B	28.81B	32.38B	43.13B	45.05B	60.20B	61.06B	63.02B	69.41B	71.08B	70.09B	67.78B	67.29B	71.34B	72.07B	72.77B
Cash	146.80M	549.79M	62.41M	612.16M	3.68B	8.93B	3.06B	1.41B	1.56B	1.44B	1.62B	1.33B	2.15B	237.46M	7.19B	6.95B	16.27B	651.77M	21.62B	16.56B	17.57B	4.29B	6.05B
Total Debt	-	-	-	329.57B	370.59B	382.28B	350.91B	384.86B	378.84B	374.82B	448.79B	361.83B	423.67B	390.86B	366.16B	348.06B	284.76B	276.67B	285.48B	317.22B	249.59B	233.46B	229.48B
Net Debt	-	-	-	328.96B	366.91B	373.35B	347.85B	383.46B	377.29B	373.38B	447.17B	360.50B	421.52B	390.62B	358.97B	341.12B	268.48B	276.01B	263.86B	300.66B	232.03B	229.17B	223.43B

Cash Flow

Currency: TWD	2003-12-31	2004-12-31	2005-12-31	2006-12-31	2007-12-31	2008-12-31	2009-12-31	2010-12-31	2011-12-31	2012-12-31	2013-12-31	2014-12-31	2015-12-31	2016-12-31	2017-12-31	2018-12-31	2019-12-31	2020-12-31	2021-12-31	2022-12-31	2023-12-31	2024-12-31	2025-12-31

Currency: TWD	2003-12-31	2004-12-31	2005-12-31	2006-12-31	2007-12-31	2008-12-31	2009-12-31	2010-12-31	2011-12-31	2012-12-31	2013-12-31	2014-12-31	2015-12-31	2016-12-31	2017-12-31	2018-12-31	2019-12-31	2020-12-31	2021-12-31	2022-12-31	2023-12-31	2024-12-31	2025-12-31
Operating Cash Flow	-	-	-	-2.07B	-9.67B	-3.69B	4.14B	7.32B	15.86B	16.20B	19.83B	22.20B	22.95B	5.93B	21.61B	26.22B	28.55B	-1.53B	26.88B	9.83B	27.75B	16.70B	20.69B
Investing Cash Flow	-	-	-	-52.77B	-26.71B	-1.29B	-4.54B	-15.91B	-15.45B	-7.53B	-10.07B	-19.51B	-10.30B	27.34B	13.88B	-4.36B	-12.76B	821.32M	-8.83B	7.47B	-12.88B	-7.46B	-9.56B
Financing Cash Flow	84.12B	89.72B	61.61B	55.39B	39.44B	10.24B	-5.48B	6.94B	-259.27M	-8.79B	-9.60B	-2.99B	-11.85B	-35.18B	-28.53B	-22.10B	-6.46B	-14.91B	2.92B	-22.35B	-13.87B	-22.52B	-10.63B
Capital Expenditure	84.02B	78.16B	66.78B	59.32B	23.52B	6.42B	2.64B	2.10B	1.11B	5.42B	4.93B	4.52B	6.81B	2.69B	1.39B	1.89B	2.40B	2.34B	3.70B	5.24B	6.13B	8.22B	75.65M
Free Cash Flow	-	-	-	-61.39B	-33.19B	-10.11B	1.51B	5.23B	14.75B	10.78B	14.90B	17.68B	16.14B	3.24B	20.22B	24.33B	26.15B	-3.87B	23.18B	4.59B	21.62B	8.48B	20.62B
Dividends Paid	-	-	-	3.07B	3.16B	-	-	-	-	-	-	3.64B	3.64B	3.64B	3.38B	4.22B	6.30B	6.81B	5.91B	4.27B	3.77B	5.74B	5.91B
FCF to OCF	-	-	-	2965.44%	343.26%	273.89%	36.35%	71.37%	93.03%	66.52%	75.12%	79.62%	70.33%	54.63%	93.56%	92.79%	91.61%	252.95%	86.23%	46.70%	77.89%	50.77%	99.63%
Dividend Paid to FCF	-	-	-	-5.00%	-9.53%	-	-	-	-	-	-	20.61%	22.57%	112.46%	16.70%	17.35%	24.11%	-175.78%	25.50%	92.97%	17.44%	67.73%	28.67%

Earnings

Report Date	May 30, 2016	Jul 29, 2016	Nov 4, 2016	Feb 23, 2017	May 10, 2017	Aug 9, 2017	Nov 8, 2017	Feb 21, 2018	May 10, 2018	Aug 9, 2018	Nov 8, 2018	Feb 24, 2019	May 10, 2019	Aug 13, 2019	Nov 6, 2019	Feb 20, 2020	May 7, 2020	Aug 6, 2020	Nov 5, 2020	Feb 26, 2021	May 6, 2021	Aug 5, 2021	Nov 4, 2021	Feb 24, 2022	May 9, 2022	Aug 4, 2022	Nov 3, 2022	Feb 23, 2023	May 11, 2023	Aug 9, 2023	Nov 8, 2023	Feb 22, 2024	Nov 7, 2024	Feb 20, 2025
EPS Estimate	-	-	0.20	0.20	-	0.23	0.20	0.29	0.31	0.32	0.31	0.34	0.40	0.39	0.37	0.37	0.43	0.12	0.28	0.34	0.23	0.32	0.30	0.34	0.17	0.07	0.19	0.33	0.27	0.28	0.30	0.32	0.31	0.35
EPS Actual	0.20	0.20	0.16	0.18	0.29	0.23	0.20	0.22	0.43	0.74	0.37	0.36	0.41	0.34	0.34	0.33	0.20	0.08	0.30	0.46	0.24	0.09	0.15	0.16	0.10	0.05	0.23	0.29	0.38	0.29	0.22	0.50	0.25	0.24
Surprise	-	-	-20.00%	-10.00%	-	0.00%	0.00%	-24.14%	38.71%	131.25%	19.35%	5.88%	2.50%	-12.82%	-8.11%	-10.81%	-53.49%	-33.33%	7.14%	35.29%	4.35%	-71.88%	-50.00%	-52.94%	-41.18%	-28.57%	21.05%	-12.12%	40.74%	3.57%	-26.67%	56.25%	-19.35%	-31.43%
Timing	After-hours	Pre-market	After-hours	After-hours	Pre-market	After-hours	After-hours	After-hours	Pre-market	Pre-market	Pre-market	After-hours	Pre-market	Pre-market	After-hours	Pre-market	Pre-market	Pre-market	Pre-market	Pre-market	Pre-market	Pre-market	Pre-market	Pre-market	After-hours	Pre-market	Pre-market	Pre-market	Pre-market	Pre-market	Pre-market	Pre-market	Pre-market	Pre-market

Key Statistics & Ratios

Market Cap144.93B

Enterprise Value343.71B

Trailing P/E21.11

Forward P/E0.00

Price / Sales2.60

Price / Book2.06

EPS1.22

Book Value12.45

Revenue (TTM)55.73B

Gross Profit (TTM)23.97B

EBITDA35.52B

Profit Margin12.28%

Operating Margin37.11%

Return on Equity9.80%

Return on Assets3.52%

Shares Outstanding5.63B

Shares Float2.06B

Beta0.06

Dividend Yield4.46%

Dividend Rate1.15

Payout Ratio86.28%

Dividends

20231×

0.67Jul 11, 2023

20221×

0.76Jul 6, 2022

20211×

1.05Aug 16, 2021

20201×

1.21Jul 8, 2020

20191×

1.12Jul 24, 2019

20181×

0.75Jul 31, 2018

20171×

0.60Aug 1, 2017

20161×

0.65Aug 15, 2016

Stock Splits

Dec 11, 20152:5