Evergreen Marine Corporation (Taiwan) Ltd.

TWSE:2603 Stock Report

Market Cap: NT$413.4b

Evergreen Marine Corporation (Taiwan) Past Earnings Performance

Past criteria checks 1/6

Evergreen Marine (Taiwan) has been growing earnings at an average annual rate of 46.1%, while the Shipping industry saw earnings growing at 29% annually. Revenues have been growing at an average rate of 23.1% per year. Evergreen Marine (Taiwan)'s return on equity is 8.5%, and it has net margins of 12.8%.

Key information

46.1%

Earnings growth rate

40.5%

EPS growth rate

Shipping Industry Growth33.1%
Revenue growth rate23.1%
Return on equity8.5%
Net Margin12.8%
Next Earnings Update14 May 2024

Recent past performance updates

Recent updates

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

May 01
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?

Apr 19
Does Evergreen Marine Corporation (Taiwan) (TPE:2603) Have A Healthy Balance Sheet?

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

Apr 07
Analysts Just Made A Massive Upgrade To Their Evergreen Marine Corporation (Taiwan) Ltd. (TPE:2603) Forecasts

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

Mar 26
The Return Trends At Evergreen Marine Corporation (Taiwan) (TPE:2603) Look Promising

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

Mar 12
Is Evergreen Marine Corporation (Taiwan) Ltd. (TPE:2603) A High Quality Stock To Own?

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

Feb 23
Is Evergreen Marine Corporation (Taiwan)'s (TPE:2603) Share Price Gain Of 245% Well Earned?

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

Feb 05
Is Evergreen Marine Corporation (Taiwan) Ltd.'s (TPE:2603) Shareholder Ownership Skewed Towards Insiders?

Revenue & Expenses Breakdown
Beta

How Evergreen Marine Corporation (Taiwan) makes and spends money. Based on latest reported earnings, on an LTM basis.


Earnings and Revenue History

TWSE:2603 Revenue, expenses and earnings (TWD Millions)
DateRevenueEarningsG+A ExpensesR&D Expenses
31 Dec 23276,71535,33716,8140
30 Sep 23318,05061,89325,0190
30 Jun 23415,671140,68325,0310
31 Mar 23523,286237,88425,1950
31 Dec 22627,284334,20124,7650
30 Sep 22672,263385,08720,6910
30 Jun 22645,311364,52719,5540
31 Mar 22570,278304,29118,1510
31 Dec 21489,407239,01517,3110
30 Sep 21398,091171,70812,0600
30 Jun 21309,65199,75511,5130
31 Mar 21253,55660,89011,0940
31 Dec 20207,07824,36510,8750
30 Sep 20190,31310,7089,8790
30 Jun 20185,1262,65810,0210
31 Mar 20188,367-88910,2510
31 Dec 19190,58911310,2730
30 Sep 19191,8661,0339,2830
30 Jun 19186,9171,6069,0380
31 Mar 19178,0937168,5420
31 Dec 18169,2372948,0550
30 Sep 18157,550-2188,5630
30 Jun 18154,1682,8127,7500
31 Mar 18153,5846,8307,1110
31 Dec 17150,5837,0056,5590
30 Sep 17147,2645,7636,1310
30 Jun 17137,6728756,0410
31 Mar 17129,702-2,4556,2040
31 Dec 16124,468-6,6086,2350
30 Sep 16120,945-8,9135,9520
30 Jun 16122,048-10,1785,9540
31 Mar 16127,114-9,7745,7890
31 Dec 15133,814-4,4085,7010
30 Sep 15140,328-2055,8010
30 Jun 15144,8894,0725,7670
31 Mar 15145,2684,3765,7290
31 Dec 14144,2841,1565,7550
30 Sep 14140,4451,0135,6400
30 Jun 14138,839-8015,6240
31 Mar 14140,155-1,3525,5820
31 Dec 13139,216-1,4975,4970
30 Sep 13143,189-2,0675,4690
30 Jun 13147,4284255,3940

Quality Earnings: 2603 has a high level of non-cash earnings.

Growing Profit Margin: 2603's current net profit margins (12.8%) are lower than last year (53.3%).


Free Cash Flow vs Earnings Analysis


Past Earnings Growth Analysis

Earnings Trend: 2603's earnings have grown significantly by 46.1% per year over the past 5 years.

Accelerating Growth: 2603's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: 2603 had negative earnings growth (-89.4%) over the past year, making it difficult to compare to the Shipping industry average (-62%).


Return on Equity

High ROE: 2603's Return on Equity (8.5%) is considered low.


Return on Assets


Return on Capital Employed


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