ArrowArtboardCreated with Sketch.Title ChevronCrossEye IconFacebook IconIcon FacebookGoogle Plus IconLayer 1InstagramCreated with Sketch.Linkedin IconIcon LinkedinShapeCreated with Sketch.Icon Mail ContactPath LayerIcon MailMenu BurgerIcon Opinion QuotePositive ArrowIcon PrintRSS IconIcon SearchSite TitleTitle ChevronTwitter IconIcon TwitterYoutube Icon

EVA Airways Corp.

  • 15.05 TWD
  • -0.10
  • -0.66%
  • Taiwan
    Aug 16, 2018
  • Ticker
  • Prev. close
  • Market cap (TWD)
  • Market cap (USD)
  • Shares

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.

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 in 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 Yung-Fa Chang in March 1989 and is headquartered in Taoyuan, Taiwan.

Financial Highlights

Dec 2017 TWDUSD
Gross Profit20,211.93M664.37M
Operating income8,694.91M285.80M
Income before tax7,810.22M256.72M
Net income5,752.06M189.07M
Diluted EPS1.240.04
Dividends Per Share0.200.00
Total Assets228,207.22M7,668.64M
Total liabilities164,400.63M5,524.49M
Total equity57,604.81M1,935.74M
Operating cash flow16,812.86M552.64M
Currency in TWDCurrency in USD

Historical Data

 Dec 2013Dec 2014Dec 2015Dec 2016Dec 2017
Revenue 124,164.45M 133,090.00M 137,168.54M 144,679.66M 163,561.73M
Gross Profit 12,551.24M 11,671.13M 19,515.87M 18,243.01M 20,211.93M
Operating income 3,470.31M 2,634.88M 9,205.24M 7,129.93M 8,694.91M
Income before tax 1,755.77M -61.34M 7,234.01M 5,171.74M 7,810.22M
Net income 747.45M -1,306.72M 6,436.42M 3,476.00M 5,752.06M
EBITDA 14,292.61M 14,181.49M 22,188.28M 22,411.99M 22,898.04M
Diluted EPS 0.20 -0.36 1.56 0.83 1.24
Dividends Per Share 0 0 0.27 0.19 0.20
Total Assets 152,722.93M 167,560.20M 195,406.31M 217,663.40M 228,207.22M
Total liabilities 112,465.57M 127,883.19M 140,678.79M 158,327.12M 164,400.63M
Total equity 35,838.03M 34,391.88M 48,858.81M 53,328.19M 57,604.81M
Operating cash flow 15,775.88M 14,125.20M 25,339.74M 20,095.95M 16,812.86M
 Dec 2013Dec 2014Dec 2015Dec 2016Dec 2017
Revenue 4,183.26M 4,391.94M 4,319.71M 4,486.07M 5,376.30M
Gross Profit 422.86M 385.14M 614.59M 565.66M 664.37M
Operating income 116.91M 86.95M 289.89M 221.07M 285.80M
Income before tax 59.15M -2.02M 227.81M 160.36M 256.72M
Net income 25.18M -43.12M 202.69M 107.78M 189.07M
EBITDA 481.53M 467.98M 698.75M 694.92M 752.66M
Diluted EPS 0.00 -0.01 0.04 0.02 0.04
Dividends Per Share 0 0 0.00 0.00 0.00
Total Assets 5,124.32M 5,302.20M 5,948.98M 6,753.65M 7,668.64M
Total liabilities 3,773.56M 4,046.68M 4,282.85M 4,912.56M 5,524.49M
Total equity 1,202.47M 1,088.28M 1,487.46M 1,654.66M 1,935.74M
Operating cash flow 531.51M 466.12M 797.99M 623.11M 552.64M

Valuation Measures

Dec 2017
Operating margin5.31%
Profit margin3.51%

Key executives

  • General Manager & Director: Chia Ming Sun
  • Senior Vice President-Operation Management: Chin Lung Hsiao
  • Chief Financial Officer & Deputy General Manager: Ta Wei Tsai
  • Deputy General Manager: Ching Sheng Ho
  • Senior Vice President-Customer Service Division: Yu Chuan Lu


  • Evergreen International Corp. (Taiwan) (17.2%)
  • Evergreen Marine Corp. (Taiwan) Ltd. (16.3%)
  • ZHANG JUNG FA (2.9%)
  • CHANG KUO CHENG (1.9%)
  • The Vanguard Group, Inc. (1.7%)
  • Dimensional Fund Advisors LP (1.5%)
  • BlackRock Fund Advisors (1.5%)
  • New Labor Pension Fund (1.3%)
  • CHANG KUO MING (1.2%)

Contact Details

  • Website:
  • Address: 376 Hsin-Nan Road, Section 1, Taoyuan, 33801, Taiwan
  • Phone: +886.2.25001122

Related Companies

  • Evergreen Aviation Precision Corp.
  • Eva Airways Corp. (Canada)
  • Evergreen Air Cargo Services Corp.
  • Concord Pacific Ltd.
  • Evergreen Airline Services Corp.
  • Evergreen Aviation Technologies Corp.
  • UNI Airways Corp.
  • Hsiang-Li Investment Co. Ltd.


  • China Airlines Ltd.
  • PAL Holdings, Inc.
  • China Southern Airlines Company Limited Class H
  • Air Canada
Last Updated on 16 Aug, 2018

You have {{numberReadArticles}} FREE ARTICLE{{numberReadArticles-plural}} left this month

Subscribe to get unlimited access to all articles.

Get unlimited access
NAR site on phone, device, tablet

You have {{numberReadArticles}} FREE ARTICLE{{numberReadArticles-plural}} left this month

Subscribe to get unlimited access to all articles.

3 months for $9

Get unlimited access
NAR site on phone, device, tablet

Your trial period has expired

You need a subscription to...

  • Read all stories with unlimited access
  • Use our mobile and tablet apps
See all offers and subscribe

Your full access to the Nikkei Asian Review has expired

You need a subscription to:

  • Read all stories with unlimited access
  • Use our mobile and tablet apps
See all offers
NAR on print phone, device, and tablet media