ECOVE Environment Corp

ECOVE Environment Corp

TTPEX:6803
260.00
TWD
0.00
(0.00%)
21.04BMarket Cap
Nov 03Next Earn
2013 Y
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
60.81
60.99
62.26
74.78
67.12
72.32
79.3
83.9
85.98
100.3
107.18
118.36
133.08
- -
Basic EPS, GAAP
10.06
10.55
10.84
12.8
11.41
12.04
12.09
12.53
13.15
14.91
16.36
17.43
18.44
- -
Free Cash Flow per Basic Share
24.22
18.2
18.5
12.9
17.43
21.34
21.42
3.78
28.49
23.15
27.35
21.52
11.53
- -
Dividend per Share
10.46
10.77
10.97
16.74
14.64
12.39
13.57
14.32
13.86
14.44
16.97
17.86
17.76
- -
Book Value per Share
62.82
65.23
67.42
70.45
70.1
72.7
74.31
75.06
78.5
83.83
88.29
93.27
97.38
94.05
Tangible Book Value per Share
62.82
65.23
67.42
70.45
70.1
70.67
72.28
73.09
63.93
70.32
75.77
79.55
59.98
38.91
Basic Weighted Avg Shares
62
64
66
66
67
67
67
67
69
70
71
72
73
72
Sales/Revenue/Turnover
3,750
3,925
4,079
4,956
4,480
4,847
5,322
5,638
5,955
7,030
7,629
8,531
9,656
- -
Operating Margin (%)
22.02
21.98
21.92
32.84
24.05
23.29
22.02
21.47
21.33
20.2
19.16
18.22
17.99
- -
Depreciation Expense
33
31
31
29
31
88
235
302
337
435
456
479
478
- -
Net Income, GAAP
620
679
710
848
761
807
811
842
911
1,045
1,164
1,256
1,338
- -
Effective Tax Rate (%)
14.16
14.56
13.45
13.72
14.06
20.59
16.68
18.27
20.33
15.8
15.8
17.25
18.59
- -
Profit Margin (%)
16.54
17.3
17.42
17.11
17
16.65
15.25
14.94
15.29
14.86
15.26
14.72
13.86
- -
Working Capital
1,739
1,685
1,925
2,464
2,379
2,078
1,821
1,471
2,571
2,201
2,657
2,760
-155
323
LT Debt
737
523
356
180
4
1,424
1,472
1,188
2,230
2,217
2,235
2,200
3,060
4,804
Total Equity
4,431
4,685
4,912
5,265
5,231
5,421
5,593
5,650
5,896
6,429
6,817
7,396
7,704
7,590
Return on Invested Capital (%)
13.63
14.05
14.58
25.72
17.01
14.53
13.45
12.81
11.91
12.99
13.1
13.3
12.35
- -
Return on Capital (%)
10.34
11.05
11.28
5.05
10.61
10.54
8.24
8.75
9.27
9.35
10.83
11.54
10.78
- -
Return on Common Equity (%)
16.47
16.51
16.39
18.6
16.26
16.88
16.45
16.57
17.11
18.35
19.01
19.22
19.36
- -

Capital Structure

TWD

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
2,044
2,629
41
LT Borrowings
2,860
2,380
4,621
LT Finance Leases
200
190
183
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
73
73
73
Market Capitalization
21,544
21,001
21,037

Working Capital

TWD

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
5,033
5,281
5,093
Cash, Cash Equivalents & STI
2,992
3,179
2,838
Accounts Receivable, Net
830
806
848
Inventories
8
8
8
Total Current Liabilities
5,188
7,240
4,770
Payables & Accruals
- -
- -
- -
ST Debt
2,044
2,629
41
Deferred Revenue
- -
- -
- -

Growth Rates

TWD

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
4.65%
6.42%
4.17%
Free Cash Flow
55.96%
122.37%
-46.08%
Net Income, GAAP
6.82%
9.74%
6.53%
Sales/Revenue/Turnover
9.31%
11.44%
13.2%
Total Cash Common Dividend
7.4%
6.24%
0.13%

Quarterly Revenue

TWD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
1,950
2,102
2,292
2,187
8,531
2025
2,219
2,460
- -
2,322
9,656
2026
2,298
2,412
- -
- -
- -

Quarterly Earnings Per Share

TWD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
4.1
4.6
4.89
3.87
17.43
2025
4.52
4.35
- -
4.28
18.44
2026
4.54
4.42
- -
- -
- -

Quarterly Dividends Per Share

TWD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
15.33
- -
17.86
2025
- -
- -
- -
- -
17.76
2026
- -
- -
- -
- -
- -

Company Description

CEO
Xiù Huá Diao
Full Time Employees
1,058
Sector
Industrial services
Industry
Environmental services
Address
No.16, Fushan Road Taipei TP Taiwan 112037
IPO Date
Sep 1, 2008
Website
ecove.com
Business
ECOVE Environment Corp. ECOVE Environment Corp. (6803.TWO) engages primarily in resource management services, providing investment, planning, construction, operation, and maintenance for environmental facilities including energy-from-waste (EfW) plants; photovoltaic power plants; hazardous and special waste treatment facilities; recycling plants; water and wastewater treatment plants; and solvent recycling operations. The company, founded in 1994 and headquartered in Taipei, Taiwan, operates as a subsidiary of CTCI Corporation, serving public and private entities across Taiwan, Macau, Mainland China, Southeast Asia, India, and the United States with approximately 1,107 employees focused on waste management, renewable energy, and circular economy solutions. Core offerings encompass management consulting, testing and commissioning, resource recovery, equipment maintenance and overhaul, system upgrades, as well as waste collection, transportation, and disposal services tailored to sectors such as energy-from-waste, railways, public utilities, high-tech industries, and semiconductor manufacturing. ECOVE Environment Corp. (6803.TWO) manages 11 EfW centers in Taiwan and two in Macau, processing about 35% of Taiwan's entrusted waste volume or roughly 22,000 metric tons monthly, while its photovoltaic portfolio includes over 166 MW in development with 485 MW under maintenance; water services cover operations at multiple reclaimed water and wastewater plants including those for TSMC's Southern Taiwan Science Park and Kaohsiung facilities; and waste solvent reuse operations recycle around 16,000 tons annually into high-purity products like 99.9% isopropyl alcohol for semiconductor clients. Recent developments include finalizing a partnership for the Melaka EfW project in Malaysia advancing to environmental assessments and construction; completing main equipment procurement for the Chiayi City Green Energy Circular Center BOT project slated for 2027 completion; acquiring the Low-Carbon Circular Recycling and Disposal Center in Changhua's Lunwei West Second Zone under environmental review; groundbreaking on the Hsinchu Desalination Plant targeting 2028 trial operations; expanding waste solvent recovery systems for international memory manufacturers and semiconductor foundries; and securing 17 MW in green power supply contracts alongside participation in Taipower's 5 MW Regulation Reserve Ancillary Service. The company earned first-time inclusion in the S&P Global Sustainability Yearbook 2025 ranked 6th in its category, top 5% TPEx corporate governance for 11 years, and multiple EfW operational excellence awards, while pursuing overseas renewable energy in the U.S. under the Inflation Reduction Act and high-tech mechanical infrastructure upgrades at airports and metro projects.