Asia300

EVA Airways Corp.

Taiwan

  • 1m
  • 3m
  • 6m
  • 1y
  • 2y
  • 5y
May 26, 2017
Prev close: 14.75
May 26, 2017
Market cap:
Market cap(USD):
59,765.41M
1,985.23M
Shares: 4,051.89M

Currency in TWD

Company profile

Market(Ticker): TAI(2618)
Sector:
Industry:
Transportation
Airlines
Full time employees: --

Business summary

EVA Airways Corp. engages in the operation of an international air transportation business. It operates through the following segments: Aviation Transportation, Maintenance, and Catering Service. The Aviation Transportation segment involves aviation transportation of passengers and cargo. The Maintenance segment focuses on maintenance of aircraft, engine, and aircraft parts. The Catering Service segment provides catering service. The company was founded by Chang Yung Fa in March 1989 and is headquartered in Taoyuan, Taiwan.

Company background

Founded in 1989 by Taiwanese tycoon Chang Yung-fa, EVA Airways is Taiwan's second-largest carrier after government-controlled China Airlines. It is a unit of the transportation conglomerate Evergreen Group, which is controlled by the Chang family. The conglomerate includes Evergreen Marine, Taiwan's largest sea freight transporter.

EVA is a member of Star Alliance, the global airline network. It operates flights to major destinations in Asia, Europe, North America and Oceania. EVA mostly relies on Airbus A321 and Boeing 777 planes for long-haul flights and depends on routes to North America, South Asia and Japan for revenue growth.

Passenger flights account for close to 70% of the company's revenue, while cargo services contribute about 25%. Catering, ground handling and other air travel-related services generate the rest of EVA's income.

EVA is popular in Taiwan because of its pristine flight safety record and Hello Kitty jets, particularly on the Japan routes.

Incumbent EVA Chairman Chang Kuo-wei is the youngest son of Yung-fa. He has a master's degree in economics from California State University, Long Beach.

In the news

Financial highlights

Dec 2016

  • Local currency
  • US Dollar
Revenue 144,679.66M
Gross profit 18,243.01M
Operating income 7,129.93M
Income before tax 5,171.74M
Net income 3,476.00M
EBITDA 22,411.99M
Diluted EPS 0.86
Dividends per share --
Total assets 217,663.40M
Total liabilities 158,327.12M
Total equity 53,328.19M
Operating cash flow 20,095.95M

Currency in TWD

Revenue 4,486.07M
Gross profit 565.66M
Operating income 221.07M
Income before tax 160.36M
Net income 107.78M
EBITDA 694.92M
Diluted EPS 0.02
Dividends per share --
Total assets 6,753.65M
Total liabilities 4,912.56M
Total equity 1,654.66M
Operating cash flow 623.11M

Currency in USD

Valuation measures

Dec 2016

PER 16.97
ROA 1.68%
ROE 6.80%
Operating margin 4.92%
Profit margin 2.40%

Key executive

  • President: Hsien-Hung Chen
  • Senior Vice President-Operation Management: Chin Lung Hsiao
  • Executive Vice President-Finance: Ta Wei Tsai
  • Executive Vice President-Flight Operation: Ping Yu Yuen
  • Executive Vice President-Flight Safety Division: Ching Sheng Ho

Share holders

  • Evergreen International Corp.(17.2%)
  • Evergreen Marine Corp. (Taiwan) Ltd.(16.3%)
  • CHANG KUO WEI /EVA AIRWAYS/(11.4%)
  • ZHANG JUNG FA(2.9%)
  • CHANG KUO CHENG(1.9%)
  • New Labor Pension Fund(1.7%)
  • The Vanguard Group, Inc.(1.7%)
  • BlackRock Fund Advisors(1.3%)
  • CHANG KUO MING(1.2%)
  • Dimensional Fund Advisors LP(1.1%)

Address

  • Website: http://www.evaair.com
  • Address: 376 Hsin-Nan Road, Section 1, Taoyuan, 33801, Taiwan
  • Phone: +886.3.351.5151

Copyright © 2017 FactSet Research Systems Inc. All rights reserved.