Asia300

Evergreen Marine Corp. (Taiwan) Ltd.

Taiwan

  • 1m
  • 3m
  • 6m
  • 1y
  • 2y
  • 5y
Sep 22, 2017
Prev close: 18.7
Sep 22, 2017
Market cap:
Market cap(USD):
65,681.06M
2,175.33M
Shares: 3,512.35M

Currency in TWD

Company profile

Market(Ticker): TAI(2603)
Sector:
Industry:
Transportation
Marine Shipping
Full time employees: --

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 2016

  • Local currency
  • US Dollar
Revenue 124,461.65M
Gross profit -3,494.11M
Operating income -9,729.52M
Income before tax -7,821.32M
Net income -6,607.98M
EBITDA -1,612.38M
Diluted EPS -1.88
Dividends per share --
Total assets 189,753.76M
Total liabilities 136,115.26M
Total equity 50,987.49M
Operating cash flow 81.31M

Currency in TWD

Revenue 3,859.18M
Gross profit -108.34M
Operating income -301.68M
Income before tax -242.51M
Net income -204.89M
EBITDA -49.99M
Diluted EPS -0.05
Dividends per share --
Total assets 5,887.67M
Total liabilities 4,223.37M
Total equity 1,582.03M
Operating cash flow 2.52M

Currency in USD

Valuation measures

Dec 2016

PER --
ROA -3.45%
ROE -12.12%
Operating margin -7.81%
Profit margin -5.30%

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%)
  • Evergreen International Corp.(7.9%)
  • CHANG KUO HUA(7.5%)
  • ZHANG JUNG FA(5.9%)
  • Yu Hua International Investment Corp.(4.2%)
  • CHANG KUO CHENG(4.2%)
  • CHANG KUO MING(3.1%)
  • Cathay Life Insurance Co., Ltd. (Invt Port)(2.4%)
  • CHENG SHEN CHIH /TW/(2.1%)
  • CHENG MING I(2.0%)

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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