Evergreen Marine Corporation (Taiwan) Future Growth

Future criteria checks 1/6

Evergreen Marine (Taiwan) is forecast to grow earnings and revenue by 5.6% and 1.1% per annum respectively. EPS is expected to decline by 0.2% per annum. Return on equity is forecast to be 7% in 3 years.

Key information

5.6%

Earnings growth rate

-0.2%

EPS growth rate

Shipping earnings growth	9.3%
Revenue growth rate	1.1%
Future return on equity	7.0%
Analyst coverage	Good
Last updated	22 Apr 2024

Recent future growth updates

Recent updates

Does This Valuation Of Evergreen Marine Corporation (Taiwan) Ltd. (TPE:2603) Imply Investors Are Overpaying?

May 01

Does Evergreen Marine Corporation (Taiwan) (TPE:2603) Have A Healthy Balance Sheet?

Apr 19

Analysts Just Made A Massive Upgrade To Their Evergreen Marine Corporation (Taiwan) Ltd. (TPE:2603) Forecasts

Apr 07

The Return Trends At Evergreen Marine Corporation (Taiwan) (TPE:2603) Look Promising

Mar 26

Is Evergreen Marine Corporation (Taiwan) Ltd. (TPE:2603) A High Quality Stock To Own?

Mar 12

Is Evergreen Marine Corporation (Taiwan)'s (TPE:2603) Share Price Gain Of 245% Well Earned?

Feb 23

Is Evergreen Marine Corporation (Taiwan) Ltd.'s (TPE:2603) Shareholder Ownership Skewed Towards Insiders?

Feb 05

Is Evergreen Marine Corporation (Taiwan) (TPE:2603) Using Too Much Debt?

Jan 19

Earnings and Revenue Growth Forecasts

TWSE:2603 - Analysts future estimates and past financials data (TWD Millions)
Date	Revenue	Earnings	Free Cash Flow	Cash from Op	Avg. No. Analysts
12/31/2026	299,369	50,923	26,340	91,648	2
12/31/2025	285,577	33,531	60,832	70,668	7
12/31/2024	330,949	44,257	63,195	86,680	7
12/31/2023	276,715	35,337	-26,293	-13,833	N/A
9/30/2023	318,050	61,893	-1,792	43,932	N/A
6/30/2023	415,671	140,683	128,947	167,744	N/A
3/31/2023	523,286	237,884	270,395	317,962	N/A
12/31/2022	627,284	334,201	404,550	422,430	N/A
9/30/2022	672,263	385,087	411,939	468,848	N/A
6/30/2022	645,311	364,527	367,170	435,773	N/A
3/31/2022	570,278	304,291	318,325	380,597	N/A
12/31/2021	489,407	239,015	245,035	301,058	N/A
9/30/2021	398,091	171,708	171,664	216,972	N/A
6/30/2021	309,651	99,755	107,078	141,684	N/A
3/31/2021	253,556	60,890	64,528	93,642	N/A
12/31/2020	207,078	24,365	22,243	51,858	N/A
9/30/2020	190,313	10,708	9,151	36,311	N/A
6/30/2020	185,126	2,658	1,058	25,240	N/A
3/31/2020	188,367	-889	-3,576	19,392	N/A
12/31/2019	190,589	113	667	19,793	N/A
9/30/2019	191,866	1,033	-464	12,891	N/A
6/30/2019	186,917	1,606	-8,731	10,244	N/A
3/31/2019	178,093	716	-20,288	5,733	N/A
12/31/2018	169,237	294	-21,561	2,990	N/A
9/30/2018	157,550	-218	-22,469	4,949	N/A
6/30/2018	154,168	2,812	-12,587	6,415	N/A
3/31/2018	153,584	6,830	353	9,077	N/A
12/31/2017	150,583	7,005	3,946	11,191	N/A
9/30/2017	147,264	5,763	N/A	11,036	N/A
6/30/2017	137,672	875	N/A	4,849	N/A
3/31/2017	129,702	-2,455	N/A	4,699	N/A
12/31/2016	124,468	-6,608	N/A	-738	N/A
9/30/2016	120,945	-8,913	N/A	-3,774	N/A
6/30/2016	122,048	-10,178	N/A	-2,563	N/A
3/31/2016	127,114	-9,774	N/A	-3,386	N/A
12/31/2015	133,814	-4,408	N/A	5,220	N/A
9/30/2015	140,328	-205	N/A	11,626	N/A
6/30/2015	144,889	4,072	N/A	17,634	N/A
3/31/2015	145,268	4,376	N/A	16,449	N/A
12/31/2014	144,284	1,156	N/A	11,197	N/A
9/30/2014	140,445	1,013	N/A	5,711	N/A
6/30/2014	138,839	-801	N/A	2,280	N/A
3/31/2014	140,155	-1,352	N/A	4,026	N/A
12/31/2013	139,216	-1,497	N/A	2,208	N/A
9/30/2013	143,189	-2,067	N/A	4,348	N/A
6/30/2013	147,428	425	N/A	6,800	N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: 2603's forecast earnings growth (5.6% per year) is above the savings rate (0.8%).

Earnings vs Market: 2603's earnings (5.6% per year) are forecast to grow slower than the TW market (19.7% per year).

High Growth Earnings: 2603's earnings are forecast to grow, but not significantly.

Revenue vs Market: 2603's revenue (1.1% per year) is forecast to grow slower than the TW market (10.5% per year).

High Growth Revenue: 2603's revenue (1.1% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: 2603's Return on Equity is forecast to be low in 3 years time (7%).

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Evergreen Marine Corporation (Taiwan) Future Growth

Future criteria checks 1/6

Key information

Recent future growth updates

Price target increased by 10% to NT$176

Price target increased by 8.7% to NT$159

Price target increased by 10.0% to NT$146

Consensus EPS estimates increase by 31%

Price target decreased by 8.3% to NT$136

Consensus EPS estimates increase by 20%

Recent updates

New major risk - Revenue and earnings growth

Full year 2023 earnings: EPS misses analyst expectations

Evergreen Marine Corporation (Taiwan) Ltd., Annual General Meeting, Mar 14, 2024

Price target increased by 10% to NT$176

Evergreen Marine Corporation (Taiwan) Ltd. announced that it expects to receive TWD 198.85249 million in funding

Price target increased by 8.7% to NT$159

Evergreen Marine Corporation (Taiwan) Ltd. Announces Change of President, Effective January 1, 2024

Price target increased by 10.0% to NT$146

Investor sentiment improves as stock rises 18%

Consensus EPS estimates increase by 31%

Third quarter 2023 earnings: EPS and revenues exceed analyst expectations

Price target decreased by 8.3% to NT$136

Consensus EPS estimates increase by 20%

New minor risk - Profit margin trend

Second quarter 2023 earnings released: EPS: NT$2.41 (vs NT$48.33 in 2Q 2022)

First quarter 2023 earnings: EPS misses analyst expectations

Evergreen Marine Corporation (Taiwan) Ltd. announced that it has received TWD 326.788 million in funding from CMI International Investment Corp.

Now 44% undervalued after recent price drop

Upcoming dividend of NT$70.00 per share at 44% yield

Evergreen Marine Corporation (Taiwan) Ltd. Announces Cash Dividend, Payable on July 26, 2023

Consensus EPS estimates fall by 18%

Full year 2022 earnings: EPS misses analyst expectations

Evergreen Marine Corporation (Taiwan) Ltd. (TWSE:2603) acquired 10% stake in Charing Yang Development Co for TWD 450 million.

Evergreen Marine Corporation (Taiwan) Ltd. announced that it expects to receive TWD 0.300157 million in funding

Less than half of directors are independent

Evergreen Marine Corporation (Taiwan) Ltd. (TWSE:2603) completed the acquisition of Panama-based Colon Container Terminal for $268 million.

Third quarter 2022 earnings: EPS misses analyst expectations

Price target decreased to NT$223

Price target decreased to NT$131

Upcoming dividend of NT$6.00 per share

Evergreen Marine Corporation (Taiwan) Ltd. Announces the Appointment of Huang, Chao-Kuo as Chief Information Security Officer, September 01, 2022

Second quarter 2022 earnings: EPS and revenues exceed analyst expectations

Price target decreased to NT$152

Upcoming dividend of NT$18.00 per share

Evergreen Marine Corporation (Taiwan) Ltd. Approves Cash Dividend

Consensus forecasts updated

Consensus forecasts updated

First quarter 2022 earnings: EPS and revenues exceed analyst expectations

Less than half of directors are independent

Consensus EPS estimates increase by 11%

Full year 2021 earnings: EPS misses analyst expectations

Now 26% undervalued

Investor sentiment improved over the past week

Price target increased to NT$175

Third quarter 2021 earnings released: EPS NT$15.15 (vs NT$1.70 in 3Q 2020)

Price target decreased to NT$161

Investor sentiment deteriorated over the past week

Investor sentiment deteriorated over the past week

Price target increased to NT$167

Consensus EPS estimates increase to NT$37.15

Upcoming dividend of NT$2.49 per share

Second quarter 2021 earnings released: EPS NT$7.98 (vs NT$0.66 in 2Q 2020)

Investor sentiment deteriorated over the past week

Consensus EPS estimates increase to NT$31.72

Price target increased to NT$119

Investor sentiment improved over the past week

Consensus EPS estimates increase to NT$26.84

Investor sentiment improved over the past week

Price target increased to NT$93.94

Price target increased to NT$90.44

Investor sentiment deteriorated over the past week

Consensus EPS estimates increase to NT$21.92

First quarter 2021 earnings released: EPS NT$7.04 (vs NT$0.092 loss in 1Q 2020)

Does This Valuation Of Evergreen Marine Corporation (Taiwan) Ltd. (TPE:2603) Imply Investors Are Overpaying?

Does Evergreen Marine Corporation (Taiwan) (TPE:2603) Have A Healthy Balance Sheet?

Investor sentiment improved over the past week

Analysts Just Made A Massive Upgrade To Their Evergreen Marine Corporation (Taiwan) Ltd. (TPE:2603) Forecasts

Consensus revenue estimates increase to NT$280.3b

Consensus EPS estimates increase to NT$7.82