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Financial distress

Taiwan High Speed Rail

TAI:2633 · TW0002633005
Transportation InfrastructureLarge

360

16
Medium confidence — indicative
Profit price61
Owner Earnings Yield74
Dividend Yield1
Price/Sales10
EV / Gross Profit8
Price/Book21
Return on Capital45
Cash Return on Capital66
Return on Equity42
EBIT Margin91
Gross Profitability10
Cash Conversion72
Accruals64
Owner Earnings Margin92
Sales growth61
Profit Growth67
Long-Term EPS Growth36
Owner Earnings Growth55
Reinvestment5
Price momentum31
Debt load10
Refinancing43
Debt Payback30
Liquidity37
Analyst ratings24
Expectations trend50
Market mood81
Value Creation8/20creating some value
  • 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

Taiwan High Speed Rail clears its cost of capital, but the record is mixed across the five tests. Real value creation, just not yet consistent.

Profile

CountryTaiwan
IndustryTransportation Infrastructure
SizeLarge
TypePublic Company
ExchangeTWSE
Founded1998
Employees220
ISINTW0002633005
Last UpdateApr 2, 2026
Themes
Process AutomationTourismTravel AccommodationsBusiness TravelRailroad

Description

Taiwan High Speed Rail Corporation (THSRC) constructs, operates, and manages a high-speed railway system and related facilities. The company’s primary business focus is to provide safe, efficient, and comfortable travel options for passengers between…

Analysis

Middle-of-the-road

Taiwan High Speed Rail Corporation is a middle-of-the-road business: neither the economics nor the price stand out from the peer group.

The price is attractive. You pay 6.8× its owner earnings: the cash an owner could take out each year, which is in the historically attractive zone.

The trajectory is tepid and the balance sheet is stretched. The company scores 8/20 on our value-creation score: creating some value. 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
9
2023202420252026

All-time high

75

Jan 2023

All-time low

1

Feb 2026

Average rank

19

across all years

Detailed & Historical Ranks

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

Current202520242023
Price/Sales
10
16
14
11
Price/Earnings
18
23
11
37
Price/Book
21
21
9
23
Dividend Yield
1
75
45
67
Value (overall)
3
25
9
25

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

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The companies this stock is ranked against.

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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 →