TWSE:2603

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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


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

2603IndustryMarket
7 Day-13.7%-16.2%-1.7%
30 Day-3.8%-2.4%1.3%
90 Day100.5%123.7%2.0%
1 Year1,339.3%1,339.3%1,022.2%1,009.1%45.3%42.3%
3 Year1,089.3%1,071.7%872.8%819.6%73.3%56.7%
5 Year1,228.9%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

Valuation

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

TodayJul 25 2021Ex Dividend DateAug 18 2021Dividend Pay DateSep 10 202123 days from Ex DividendBuy in the next 23 days to receive the upcoming dividend

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

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/07/25 09:15
End of Day Share Price2021/07/23 00:00
Earnings2021/03/31
Annual Earnings2020/12/31


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.