Evergreen Marine Corporation (Taiwan)
Market Cap
NT$811.7b
Last Updated
2021/07/25 09:15 UTC
Data Sources
Company Financials +
Executive Summary
Evergreen Marine Corporation (Taiwan) Ltd., together with its subsidiaries, engages in marine transportation, shipping agency, and container distribution businesses in Taiwan, the United States, Europe, Asia, and internationally. More Details
Rewards
Risk Analysis
Earnings are forecast to decline by an average of 32.4% per year for the next 3 years
Snowflake Analysis
Proven track record with adequate balance sheet.
Similar Companies
Share Price & News
How has Evergreen Marine Corporation (Taiwan)'s share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: 2603 is more volatile than 90% of TW stocks over the past 3 months, typically moving +/- 16% a week.
Volatility Over Time: 2603's weekly volatility (16%) has been stable over the past year, but is still higher than 75% of TW stocks.
Market Performance
7 Day Return
-13.7%
2603
-16.2%
TW Shipping
-1.7%
TW Market
1 Year Return
1,339.3%
2603
1,009.1%
TW Shipping
42.3%
TW Market
Return vs Industry: 2603 exceeded the TW Shipping industry which returned 1009.1% over the past year.
Return vs Market: 2603 exceeded the TW Market which returned 42.3% over the past year.
Shareholder returns
| 2603 | Industry | Market | |
|---|---|---|---|
| 7 Day | -13.7% | -16.2% | -1.7% |
| 30 Day | -3.8% | -2.4% | 1.3% |
| 90 Day | 100.5% | 123.7% | 2.0% |
| 1 Year | 1,339.3%1,339.3% | 1,022.2%1,009.1% | 45.3%42.3% |
| 3 Year | 1,089.3%1,071.7% | 872.8%819.6% | 73.3%56.7% |
| 5 Year | 1,228.9%1,209.3% | 868.5%794.4% | 131.1%93.5% |
Long-Term Price Volatility Vs. Market
How volatile is Evergreen Marine Corporation (Taiwan)'s share price compared to the market and industry in the last 5 years?
Simply Wall St News
2 months ago | Simply Wall St
Does This Valuation Of Evergreen Marine Corporation (Taiwan) Ltd. (TPE:2603) Imply Investors Are Overpaying?3 months ago | Simply Wall St
Does Evergreen Marine Corporation (Taiwan) (TPE:2603) Have A Healthy Balance Sheet?3 months ago | Simply Wall St
Analysts Just Made A Massive Upgrade To Their Evergreen Marine Corporation (Taiwan) Ltd. (TPE:2603) ForecastsValuation
Is Evergreen Marine Corporation (Taiwan) undervalued compared to its fair value and its price relative to the market?
12.37x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: 2603 (NT$154) is trading above our estimate of fair value (NT$147.74)
Significantly Below Fair Value: 2603 is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: 2603 is good value based on its PE Ratio (12.4x) compared to the TW Shipping industry average (35.2x).
PE vs Market: 2603 is good value based on its PE Ratio (12.4x) compared to the TW market (18.7x).
Price to Earnings Growth Ratio
PEG Ratio: 2603's earnings are forecast to decline next year, so we can't calculate its PEG ratio.
Price to Book Ratio
PB vs Industry: 2603 is overvalued based on its PB Ratio (5.8x) compared to the TW Shipping industry average (2.4x).
Future Growth
How is Evergreen Marine Corporation (Taiwan) forecast to perform in the next 1 to 3 years based on estimates from 6 analysts?
-32.4%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: 2603's earnings are forecast to decline over the next 3 years (-32.4% per year).
Earnings vs Market: 2603's earnings are forecast to decline over the next 3 years (-32.4% per year).
High Growth Earnings: 2603's earnings are forecast to decline over the next 3 years.
Revenue vs Market: 2603's revenue is expected to decline over the next 3 years (-7.5% per year).
High Growth Revenue: 2603's revenue is forecast to decline over the next 3 years (-7.5% per year).
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: 2603's Return on Equity is forecast to be high in 3 years time (37.5%)
Past Performance
How has Evergreen Marine Corporation (Taiwan) performed over the past 5 years?
79.2%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: 2603 has high quality earnings.
Growing Profit Margin: 2603 became profitable in the past.
Past Earnings Growth Analysis
Earnings Trend: 2603 has become profitable over the past 5 years, growing earnings by 79.2% per year.
Accelerating Growth: 2603 has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.
Earnings vs Industry: 2603 has become profitable in the last year, making it difficult to compare its past year earnings growth to the Shipping industry (10.2%).
Return on Equity
High ROE: 2603's Return on Equity (47%) is considered outstanding.
Financial Health
How is Evergreen Marine Corporation (Taiwan)'s financial position?
Financial Position Analysis
Short Term Liabilities: 2603's short term assets (NT$123.4B) exceed its short term liabilities (NT$84.9B).
Long Term Liabilities: 2603's short term assets (NT$123.4B) do not cover its long term liabilities (NT$156.3B).
Debt to Equity History and Analysis
Debt Level: 2603's debt to equity ratio (66.6%) is considered high.
Reducing Debt: 2603's debt to equity ratio has reduced from 169.8% to 66.6% over the past 5 years.
Debt Coverage: 2603's debt is well covered by operating cash flow (93.8%).
Interest Coverage: 2603's interest payments on its debt are well covered by EBIT (21.1x coverage).
Balance Sheet
Dividend
What is Evergreen Marine Corporation (Taiwan) current dividend yield, its reliability and sustainability?
1.61%
Current Dividend Yield
Upcoming Dividend Payment
Dividend Yield vs Market
Notable Dividend: 2603's dividend (1.61%) isn’t notable compared to the bottom 25% of dividend payers in the TW market (1.81%).
High Dividend: 2603's dividend (1.61%) is low compared to the top 25% of dividend payers in the TW market (4.92%).
Stability and Growth of Payments
Stable Dividend: 2603's dividend payments have been volatile in the past 10 years.
Growing Dividend: 2603's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its low payout ratio (20%), 2603's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: 2603's dividends in 3 years are forecast to be covered by earnings (50.6% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
2.8yrs
Average management tenure
CEO
Huey-Chuan Hsieh
2.25yrs
Tenure
NT$7,908,000
Compensation
Mr. Huey-Chuan Hsieh serves as Vice Chairman of Italia Marittima S.p.A. Mr. Hsieh has been a President since April 15, 2019 and serves as Representative Director at Evergreen Marine Corporation (Taiwan) Lt...
CEO Compensation Analysis
Compensation vs Market: Huey-Chuan's total compensation ($USD281.87K) is below average for companies of similar size in the TW market ($USD1.06M).
Compensation vs Earnings: Huey-Chuan's compensation has been consistent with company performance over the past year.
Leadership Team
Experienced Management: 2603's management team is considered experienced (2.8 years average tenure).
Board Members
Experienced Board: 2603's board of directors are considered experienced (4.7 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Ownership Breakdown
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 9.5%.
Top Shareholders
Company Information
Evergreen Marine Corporation (Taiwan) Ltd.'s company bio, employee growth, exchange listings and data sources
Key Information
- Name: Evergreen Marine Corporation (Taiwan) Ltd.
- Ticker: 2603
- Exchange: TWSE
- Founded: 1968
- Industry: Marine
- Sector: Transportation
- Market Cap: NT$811.724b
- Shares outstanding: 5.27b
- Website: https://www.evergreen-marine.com
Location
- Evergreen Marine Corporation (Taiwan) Ltd.
- No. 166, Minsheng East Road
- Sec. 2
- Taipei
- Taiwan
Listings
Biography
Evergreen Marine Corporation (Taiwan) Ltd., together with its subsidiaries, engages in marine transportation, shipping agency, and container distribution businesses in Taiwan, the United States, Europe, As...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/07/25 09:15 |
| End of Day Share Price | 2021/07/23 00:00 |
| Earnings | 2021/03/31 |
| Annual Earnings | 2020/12/31 |
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.