TWO:5609

Dimerco Express Corporation · TWO · Industrials · TWD · FY for 2025

Figures on this page computed 2026-11-07 16:45 UTC

Last close

n/aTWD

Market data

We are not showing closes for this listing. A line drawn through points we do not hold would look exactly like a listing that did not move.

  • 9.6xP/E

    Price / Earnings per Share (diluted)

    Source
    computed
    Taken on
    2026-11-07
    Reported in
    TWD
    • computed
    • Computed from the filing for 2025
  • 43.7%ROIC

    NOPAT / Invested Capital x 100, where NOPAT = Operating Income x (1 - Tax Rate) and Invested Capital = Equity + Total Debt - Cash

    Source
    computed
    Taken on
    2026-11-07
    Reported in
    TWD
    • Computed from the filing for 2025
    • Computed from the filing for 2025
    • Computed from the filing for 2025
    • Computed from the filing for 2025
    • Computed from the filing for 2025
    • Computed from the filing for 2025
  • 3.8%Net margin

    Net Income / Revenue x 100

    Source
    computed
    Taken on
    2026-11-07
    Reported in
    TWD
    • Computed from the filing for 2025
    • Computed from the filing for 2025
  • 5.1%FCF margin

    Free Cash Flow / Revenue x 100

    Source
    computed
    Taken on
    2026-11-07
    Reported in
    TWD
    • Computed from the filing for 2025
    • Computed from the filing for 2025
  • 0.12Debt/equity

    Total Debt / Shareholders' Equity

    Source
    computed
    Taken on
    2026-11-07
    Reported in
    TWD
    • Computed from the filing for 2025
    • Computed from the filing for 2025
  • 6.7%Dividend yield
    Source
    computed
    Taken on
    2026-11-07
    Reported in
    TWD
    • computed

A find tonight

The business including its debt costs 5.69 times the operating profit it filed, the free cash flow it filed is 13.5 percent of its market value, and earns 43.7 percent on the capital it has invested.

Value
81
Cheap
93
Sound
69
Unwatched
62

What stands out

  • Returns: earns 43.7 percent on the capital it has invested, which is better than 94 percent of the companies we rank in Taipei Exchange.
  • Safety: has earned money in each of the last 10 filed years, which is better than 77 percent of the companies we rank in Taipei Exchange.
  • Price: the business including its debt costs 5.69 times the operating profit it filed, which is better than 98 percent of the companies we rank in Taipei Exchange.

What could make it a trap

  • None of the tests we hold fired against it: we checked Altman's Z, the five-year net margin trend, share count, Beneish's M, interest cover, debt to equity and the last year of price. That is the absence of a flag we look for and not a clean bill of health.

Why it is cheap

Except where said otherwise: Computed from the filing for 2025

  • Earnings yield10.1%

    Filed net income for the last annual period, over market value

    Source
    computed
    Fiscal year
    2025
    Taken on
    2026-11-04
    Reported in
    TWD
    • Computed from the FY for 2025
    • Market data, 2026-11-04
  • Free cash flow yield13.5%

    Filed operating cash flow less capital expenditure, over market value

    Source
    computed
    Fiscal year
    2025
    Taken on
    2026-11-04
    Reported in
    TWD
    • Computed from the FY for 2025
    • Market data, 2026-11-04
  • Price to book1.8x

    Market value over filed total equity

    Source
    computed
    Fiscal year
    2025
    Taken on
    2026-11-04
    Reported in
    TWD
    • Computed from the FY for 2025
    • Market data, 2026-11-04
  • EV to EBIT multiple5.7x

    Market value plus filed net debt, over filed operating profit

    Source
    computed
    Fiscal year
    2025
    Taken on
    2026-11-04
    Reported in
    TWD
    • Computed from the FY for 2025
    • Market data, 2026-11-04
  • Cash and equivalents against market value41.6%

    Filed cash and equivalents, over market value

    Source
    computed
    Fiscal year
    2025
    Taken on
    2026-11-04
    Reported in
    TWD
    • Computed from the FY for 2025
    • Market data, 2026-11-04
  • Return on invested capital43.7%Computed from the FY for 2025
    Source
    computed
    Statement
    income
    Fiscal year
    2025
    Reported in
    TWD
  • Altman Z-Score6.44Computed from the FY for 2025
    Source
    computed
    Statement
    income
    Fiscal year
    2025
    Reported in
    TWD
  • Piotroski F-Score5.00Computed from the FY for 2025
    Source
    computed
    Statement
    income
    Fiscal year
    2025
    Reported in
    TWD
  • Earnings quality (Sloan accruals)1.04Computed from the FY for 2025
    Source
    computed
    Statement
    income
    Fiscal year
    2025
    Reported in
    TWD
  • Consecutive profitable filed years10Computed from the FY for 2025
    Source
    computed
    Statement
    income
    Fiscal year
    2025
    Reported in
    TWD

Last close: Market data, 2026-11-04

The filed years, as a table

10

Each line is 100 at 2016-12-31, the first year we hold.

Filed yearSalesProfitShares in issue
2016-12-31100.0100.0100.0
2017-12-31108.576.4100.7
2018-12-31114.197.1102.3
2019-12-31110.2149.1102.8
2020-12-31142.0401.0103.0
2021-12-31241.3853.3102.8
2022-12-31254.8937.5103.0
2023-12-31136.4378.0101.3
2024-12-31179.1352.6100.7
2025-12-31183.7415.8101.9
How sales was got
Source
computed
Statement
income
Fiscal year
2025
Reported in
TWD
How profit was got
Source
computed
Statement
income
Fiscal year
2025
Reported in
TWD
How shares in issue was got
Source
computed
Statement
income
Fiscal year
2025
Reported in
TWD

Figures behind the shape

Growth

5.3%

faster is higher, placed against 4,950 companies as of 2026-11-06

  • Five-year revenue growth rate5.3%
    Source
    computed
    Taken on
    2026-11-07
    Reported in
    TWD
    • computed
  • Five-year EPS growth rate1.0%
    Source
    computed
    Taken on
    2026-11-07
    Reported in
    TWD
    • computed
  • One-year change in net income17.9%
    Source
    computed
    Taken on
    2026-11-07
    Reported in
    TWD
    • computed

Returns on capital

43.7%

higher is higher, placed against 5,089 companies as of 2026-11-06

  • Return on invested capital43.7%

    NOPAT / Invested Capital x 100, where NOPAT = Operating Income x (1 - Tax Rate) and Invested Capital = Equity + Total Debt - Cash

    Source
    computed
    Taken on
    2026-11-07
    Reported in
    TWD
    • Computed from the filing for 2025
    • Computed from the filing for 2025
    • Computed from the filing for 2025
    • Computed from the filing for 2025
    • Computed from the filing for 2025
    • Computed from the filing for 2025
  • Return on equity17.8%

    Net Income / Shareholders' Equity x 100

    Source
    computed
    Taken on
    2026-11-07
    Reported in
    TWD
    • Computed from the filing for 2025
    • Computed from the filing for 2025
  • Return on assets11.1%

    Net Income / Total Assets x 100

    Source
    computed
    Taken on
    2026-11-07
    Reported in
    TWD
    • Computed from the filing for 2025
    • Computed from the filing for 2025

Margins

13.7%

wider is higher, placed against 3,412 companies as of 2026-11-06

  • Gross margin13.7%

    Gross Profit / Revenue x 100

    Source
    computed
    Taken on
    2026-11-07
    Reported in
    TWD
    • Computed from the filing for 2025
    • Computed from the filing for 2025
  • Operating margin4.3%

    Operating Income / Revenue x 100

    Source
    computed
    Taken on
    2026-11-07
    Reported in
    TWD
    • Computed from the filing for 2025
    • Computed from the filing for 2025
  • Net margin3.8%

    Net Income / Revenue x 100

    Source
    computed
    Taken on
    2026-11-07
    Reported in
    TWD
    • Computed from the filing for 2025
    • Computed from the filing for 2025
  • Free cash flow margin5.1%

    Free Cash Flow / Revenue x 100

    Source
    computed
    Taken on
    2026-11-07
    Reported in
    TWD
    • Computed from the filing for 2025
    • Computed from the filing for 2025

Price

9.6x

cheaper is higher, placed against 4,362 companies as of 2026-11-06

  • Price to earnings9.6x

    Price / Earnings per Share (diluted)

    Source
    computed
    Taken on
    2026-11-07
    Reported in
    TWD
    • computed
    • Computed from the filing for 2025
  • Price to book1.7x

    Price / Book Value per Share, where BVPS = Shareholders' Equity / Diluted Shares

    Source
    computed
    Taken on
    2026-11-07
    Reported in
    TWD
    • computed
    • Computed from the filing for 2025
    • computed
    • Computed from the filing for 2025
  • EV to EBITDA4.3x

    Enterprise Value / EBITDA, where EV = Market Cap + Total Debt - Cash

    Source
    computed
    Taken on
    2026-11-07
    Reported in
    TWD
    • computed
    • Computed from the filing for 2025
    • Computed from the filing for 2025
    • Computed from the filing for 2025
    • Computed from the filing for 2025
  • Price to sales ratio0.4x

    Market Cap / Revenue, where Market Cap = Price x Diluted Shares

    Source
    computed
    Taken on
    2026-11-07
    Reported in
    TWD
    • computed
    • Computed from the filing for 2025
    • Computed from the filing for 2025

Safety

0.12

safer is higher, placed against 3,227 companies as of 2026-11-06

  • Debt to equity0.12

    Total Debt / Shareholders' Equity

    Source
    computed
    Taken on
    2026-11-07
    Reported in
    TWD
    • Computed from the filing for 2025
    • Computed from the filing for 2025
  • Current ratio2.58

    Current Assets / Current Liabilities

    Source
    computed
    Taken on
    2026-11-07
    Reported in
    TWD
    • Computed from the filing for 2025
    • Computed from the filing for 2025
  • Interest coverage67.2x

    Operating Income / Interest Expense

    Source
    computed
    Taken on
    2026-11-07
    Reported in
    TWD
    • Computed from the filing for 2025
    • Computed from the filing for 2025
  • Altman Z-Score6.43

    1.2 x A + 1.4 x B + 3.3 x C + 0.6 x D + 1.0 x E (A=WC/TA, B=RE/TA, C=EBIT/TA, D=MktCap/TL, E=Rev/TA)

    Source
    computed
    Taken on
    2026-11-07
    Reported in
    TWD
    • Computed from the filing for 2025
    • Computed from the filing for 2025
    • Computed from the filing for 2025
    • Computed from the filing for 2025
    • Computed from the filing for 2025

What it pays out

6.7%

more, and better covered, is higher, placed against 1,091 companies as of 2026-11-06

  • Dividend yield6.7%
    Source
    computed
    Taken on
    2026-11-07
    Reported in
    TWD
    • computed
  • Payout ratio66.2%

    Common Dividends Paid / Net Income x 100, both from the latest filed fiscal year

    Source
    computed
    Taken on
    2026-11-07
    Reported in
    TWD
    • Computed from the filing for 2025
    • Computed from the filing for 2025
    • Computed from the filing for 2025
  • Dividend cover ratio2.0x
    Source
    computed
    Taken on
    2026-11-07
    Reported in
    TWD
    • computed

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