Evergreen Steel Corporation

Evergreen Steel Corporation

TTWSE:2211
79.80
TWD
-0.20
(-0.25%)
8.49EPS
12.73P/E
39.16BMarket Cap
Nov 18Next Earn
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
24.9
27.22
27.58
21.29
23.73
33.13
27.42
26.59
30.97
36.73
37.1
Basic EPS, GAAP
1.91
3.08
2.53
2.44
2.65
3.11
6.22
8.8
6.12
8.6
7.38
Free Cash Flow per Basic Share
5.74
3.04
4.93
-1.06
-5.76
-0.13
2.81
6.66
3.03
2.65
5.43
Dividend per Share
1.93
2.38
2
2
2
2.12
3
5
6.5
5
- -
Book Value per Share
27.28
30.14
30.97
31.77
35.53
55.64
51.8
58.28
67.96
65.5
66.33
Tangible Book Value per Share
27.26
30.11
30.94
29.51
28.58
45.52
39.91
44.96
55.03
53.11
54.3
Basic Weighted Avg Shares
388
388
387
388
394
411
417
417
417
417
417
Sales/Revenue/Turnover
9,657
10,553
10,685
8,268
9,350
13,609
11,439
11,091
12,917
15,321
15,477
Operating Margin (%)
10.89
12.58
13.53
15.7
16.55
13.18
20.79
29.87
22.01
23.33
21.92
Depreciation Expense
355
328
342
375
400
402
377
397
553
690
718
Net Income, GAAP
739
1,193
980
947
1,044
1,278
2,595
3,670
2,553
3,587
3,076
Effective Tax Rate (%)
16.64
12.49
20.98
17.86
19.05
17.93
10.43
11.2
17.38
14.7
15.54
Profit Margin (%)
7.65
11.31
9.17
11.46
11.16
9.39
22.68
33.09
19.76
23.41
19.88
Working Capital
3,814
4,337
4,798
4,650
5,276
7,821
8,704
9,111
7,949
9,751
8,079
LT Debt
60
- -
- -
368
1,703
3,206
3,187
2,839
2,331
2,120
2,041
Total Equity
12,451
13,662
14,392
14,846
16,798
26,283
24,753
27,821
31,791
30,955
31,100
Return on Invested Capital (%)
- -
8.71
7.91
7.05
6.53
5.49
7.23
9.88
7.13
8.86
8.2
Return on Capital (%)
- -
6.5
4.57
3.73
3.71
3.71
7.17
10.35
6.87
9.2
7.98
Return on Common Equity (%)
- -
10.41
8.03
7.56
7.82
6.87
11.58
15.98
9.7
12.89
11.35

Capital Structure

TWD

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
620
538
641
LT Borrowings
2,041
2,041
1,941
LT Finance Leases
79
109
100
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
417
417
417
Market Capitalization
40,291
40,374
39,165

Working Capital

TWD

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
15,726
15,680
16,353
Cash, Cash Equivalents & STI
4,599
5,185
4,960
Accounts Receivable, Net
2,100
1,040
1,638
Inventories
4,566
5,020
5,124
Total Current Liabilities
5,974
5,623
8,273
Payables & Accruals
- -
- -
- -
ST Debt
620
538
641
Deferred Revenue
- -
- -
- -

Growth Rates

TWD

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
- -
14.94%
-2.63%
Free Cash Flow
- -
-448.54%
-12.64%
Net Income, GAAP
- -
35.4%
40.5%
Sales/Revenue/Turnover
- -
12.33%
18.61%
Total Cash Common Dividend
- -
25.54%
-23.08%

Quarterly Revenue

TWD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
2,850
3,344
3,278
3,446
12,917
2025
3,882
3,629
3,998
3,812
15,321
2026
3,331
4,336
- -
- -
- -

Quarterly Earnings Per Share

TWD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
1.16
1.91
1.95
1.11
6.12
2025
1.49
2.99
2.87
1.24
8.6
2026
1.07
2.19
- -
- -
- -

Quarterly Dividends Per Share

TWD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
6.5
2025
- -
- -
- -
- -
5
2026
- -
- -
- -
- -
- -

Company Description

CEO
Pang En Liu
Full Time Employees
588
Sector
Producer manufacturing
Industry
Metal fabrication
Address
No.100, Section 2 Taipei TP Taiwan 104094
IPO Date
Apr 12, 2021
Business
Evergreen Steel Corp. is a Taiwan-based company specializing in the manufacture and assembly of steel structures and the maintenance and repair of containers. Its core products and services include steel structures for high-rise buildings, factories, bridges, and special constructions such as rotating and curved structures, trusses, pressure vessels, and various cranes including RTGs and tower cranes. The company operates professional factories in Xinying, Tainan, and Hukou, Hsinchu, equipped with automated steel cutting, welding, and sandblasting machinery, and a quality management system certified to ISO 9001 standards. Evergreen Steel also provides container maintenance and repair services primarily in Kaohsiung with facilities capable of maintaining and repairing multiple container types simultaneously. The company serves construction, industrial, and shipping markets predominantly in Taiwan. Established in 1989 and headquartered in Taiwan, Evergreen Steel Corp. evolved from Evergreen Heavy Industrial Corp., with a name change taking place in 2011. In the last couple of years, Evergreen Steel completed a production transformation at its Hsinchu plant, shifting reinforcing steel production to steel structures to better meet market demands. The company continues to focus on technological enhancement and sustainable development, reinforcing its dedication to innovation and environmental protection. In 2024, Evergreen Steel reported significant revenue growth, supported by strong performance across steel structure projects and container services. The company also declared a cash dividend for 2024, reflecting solid financial results. It maintains strategic operations in Taiwan with its main industrial manufacturing hubs, helping support infrastructure and public safety development. Evergreen Steel Corp. targets customers in construction of industrial plants, commercial buildings, bridges, and specialized engineering projects. It maintains manufacturing and service excellence with advanced equipment and an experienced assembly team to meet project schedules and quality requirements. The company’s latest prominent moves include strengthening container maintenance services, expanding high-rise and factory steel structure production, and continuing investments in environmentally sustainable processes aligned with corporate responsibility goals. Evergreen Steel’s ongoing strategic focus is on innovating construction methods and maintaining leadership in steel infrastructure solutions within its primary geographic market of Taiwan.