Asia300

Evergreen Marine Corp. (Taiwan) Ltd.

Taiwan

  • 1m
  • 3m
  • 6m
  • 1y
  • 2y
  • 5y
Mar 24, 2017
Prev close: 14.2
Mar 24, 2017
Market cap:
Market cap(USD):
49,875.5M
1,636.33M
Shares: 3,512.36M

Currency in TWD

Company profile

Market(Ticker): TAI(2603)
Sector:
Industry:
Transportation
Marine Shipping
Full time employees: 4,603

Business summary

Evergreen Marine Corp. (Taiwan) Ltd. provides marine shipping services. The firm offers container services, micro computer-controlled reefer containers, slot charters, slot exchanges and joint services, container terminals, and e-business services. The company was founded by Chang Yung-Fa on September 1, 1968 and is headquartered in Taipei, Taiwan.

Company background

Founded in 1968 by tycoon Chang Yung-fa, Evergreen Marine is one of the world's largest maritime freight companies.

The Taiwan-based company is a unit of Evergreen Group, a transportation conglomerate controlled by the Chang family. The group includes Taiwan's second-largest airline, EVA Airways.

The company's core businesses include cargo transport by ship, vessel construction and port management.

In recent years, Evergreen has been enhancing its fleet by leasing bigger ships and building newer vessels. It aims to better compete in a sector pinched by a sluggish global economic recovery.

The Chang family remains a major shareholder, though it mainly relies on professional managers to oversee operations. Chairman Anchor Chang, who is not related to the founding family, has been with Evergreen since 1986.

In the news

Financial highlights

Dec 2015

  • Local currency
  • US Dollar
Revenue 133,734.67M
Gross profit 1,520.62M
Operating income -4,180.46M
Income before tax -4,221.75M
Net income -4,408.07M
EBITDA 4,025.27M
Diluted EPS -1.26
Dividends per share 0.09
Total assets 192,652.20M
Total liabilities 131,357.60M
Total equity 58,001.04M
Operating cash flow 5,772.65M

Currency in TWD

Revenue 4,211.57M
Gross profit 47.88M
Operating income -131.65M
Income before tax -132.95M
Net income -138.81M
EBITDA 126.76M
Diluted EPS -0.03
Dividends per share 0.00
Total assets 5,865.13M
Total liabilities 3,999.07M
Total equity 1,765.79M
Operating cash flow 181.79M

Currency in USD

Valuation measures

Dec 2015

PER --
ROA -2.31%
ROE -7.41%
Operating margin -3.12%
Profit margin -3.29%

Key executive

  • Chairman & Co-President: Sheng Yung Chang
  • Co-President & Director: Mong-Jye Lee
  • Chief Financial Officer, VP & Deputy Spokesman: Kuang Hui Wu
  • Director & Chief Executive Vice President: Daw-Ming Hu

Share holders

  • Evergreen International SA(10.6%)
  • The Vanguard Group, Inc.(1.6%)
  • Dimensional Fund Advisors LP(1.2%)
  • BlackRock Fund Advisors(0.9%)
  • Norges Bank Investment Management(0.4%)
  • Andra AP-fonden(0.2%)
  • BlackRock Advisors (UK) Ltd.(0.2%)
  • BlackRock Investment Management (UK) Ltd.(0.1%)
  • Polunin Capital Partners Ltd.(0.1%)
  • Parametric Portfolio Associates LLC(0.1%)

Address

  • Website: http://www.evergreen-marine.com
  • Address: 166, Section 2, Minsheng East Road, Taipei, 104, Taiwan
  • Phone: +886.2.2505.7766

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