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    Marine shipping
Evergreen Marine Corp. (Taiwan) Ltd.

Evergreen Marine Corp. (Taiwan) Ltd.

TTWSE:2603
260.00
TWD
+2.50
(+0.97%)
25.87EPS
7.32P/E
399.45BMarket Cap
Nov 18Next 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
92.28
95.61
88.63
83.52
100.3
99.76
105.02
107.56
233.29
163.42
130.74
215.62
175.09
172.88
Basic EPS, GAAP
-0.99
0.77
-2.92
-4.43
4.67
0.17
0.06
12.66
113.93
87.07
16.7
64.87
31.68
25.22
Free Cash Flow per Basic Share
-5.17
4.68
1.78
-1.67
6.38
-4.19
7.18
24.07
136.37
105.39
-12.42
79.06
36.58
28.58
Dividend per Share
- -
- -
0.23
- -
- -
0.47
- -
- -
6.27
24.81
70
9.97
32.5
- -
Book Value per Share
37.94
40.33
38.42
33.77
37.24
36.77
36.38
48.12
154.41
260.92
207.85
268.04
260.42
259.09
Tangible Book Value per Share
37.94
40.31
38.4
33.69
37.14
35.52
35.38
47.33
153.81
260.29
207.32
267.63
260.12
258.85
Basic Weighted Avg Shares
1,509
1,509
1,510
1,490
1,501
1,696
1,815
1,925
2,098
3,839
2,116
2,150
2,165
2,165
Sales/Revenue/Turnover
139,216
144,284
133,814
124,468
150,583
169,237
190,589
207,078
489,407
627,284
276,715
463,568
379,069
374,287
Operating Margin (%)
-0.56
2.6
-2.87
-6.31
3.2
0.55
2.44
16.74
58.22
59.75
12.55
34.5
19.57
15.69
Depreciation Expense
6,793
7,723
8,206
8,137
7,730
8,873
20,764
21,065
22,611
27,759
33,864
39,320
42,967
45,016
Net Income, GAAP
-1,497
1,156
-4,408
-6,608
7,005
294
113
24,365
239,015
334,201
35,337
139,453
68,581
54,602
Effective Tax Rate (%)
- -
36.64
- -
- -
10.55
93.43
128.63
9.65
8.72
13.33
37.71
20.16
15.22
16.4
Profit Margin (%)
-1.08
0.8
-3.29
-5.31
4.65
0.17
0.06
11.77
48.84
53.28
12.77
30.08
18.09
14.59
Working Capital
22,465
16,616
12,816
11,946
16,191
17,837
2,601
13,347
174,022
319,056
126,390
162,527
87,375
72,897
LT Debt
59,930
64,022
74,096
77,674
73,370
93,010
145,827
143,651
117,612
116,943
127,136
128,107
135,782
169,185
Total Equity
60,170
64,836
61,295
53,639
66,689
70,968
73,595
101,494
357,322
582,550
470,795
602,456
586,224
583,440
Return on Invested Capital (%)
- -
1.9
- -
- -
3.17
0.04
-0.68
12.91
68.48
50.98
3.1
18.33
8.22
6.78
Return on Capital (%)
- -
0.5
- -
- -
6.33
0.42
-0.6
9.96
58.43
54.09
5.11
20.43
9.47
8.05
Return on Common Equity (%)
-2.61
1.96
-7.42
-12.13
12.25
0.45
0.16
29.65
113.53
76.04
7.12
27.34
11.99
10.3

Capital Structure

TWD

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
29,959
24,534
20,919
LT Borrowings
54,440
72,485
92,703
LT Finance Leases
81,343
79,511
76,482
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
2,165
2,165
2,165
Market Capitalization
411,358
431,926
399,450

Working Capital

TWD

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
233,728
244,501
260,718
Cash, Cash Equivalents & STI
185,942
189,877
192,090
Accounts Receivable, Net
23,504
23,725
31,257
Inventories
10,428
14,336
18,598
Total Current Liabilities
146,353
151,672
187,821
Payables & Accruals
- -
- -
- -
ST Debt
29,959
24,534
20,919
Deferred Revenue
- -
- -
- -

Growth Rates

TWD

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
38.11%
64.24%
-2.69%
Free Cash Flow
-122.78%
-69.53%
-53.4%
Net Income, GAAP
2,231.56%
215.04%
-50.82%
Sales/Revenue/Turnover
20.56%
31.58%
-18.23%
Total Cash Common Dividend
- -
- -
228.2%

Quarterly Revenue

TWD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
88,639
106,329
152,789
115,812
463,568
2025
109,971
86,484
96,921
85,694
379,069
2026
86,511
105,161
- -
- -
- -

Quarterly Earnings Per Share

TWD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
8.14
13.7
28.75
14.19
64.87
2025
12.64
5.06
10.04
3.93
31.68
2026
3.84
7.41
- -
- -
- -

Quarterly Dividends Per Share

TWD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
9.97
2025
- -
- -
- -
- -
32.5
2026
- -
- -
- -
- -
- -

Company Description

Company Profile APIChatGPT
CEO
Kuang Hui Wu
Full Time Employees
200
Sector
Transportation
Industry
Marine shipping
Address
No. 166, Minsheng East Road Taipei TPE Taiwan 104473
IPO Date
Sep 21, 1987
Website
evergreen-marine.com
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Business
Evergreen Marine Corporation (Taiwan) Ltd. (2603.TW) operates as a leading Taiwanese container shipping company, providing global ocean freight transportation services; container terminal operations; shipping agency and logistics support; container manufacturing, repair, and storage; port management; and ancillary services including inland transportation, real estate leasing, and information technology consulting for maritime operations. The company maintains a fleet exceeding 200 vessels with over 1.5 million TEUs capacity, serving principal trade routes such as East Asia to North America and Central America; East Asia to Northern Europe and the Mediterranean; transatlantic Europe-North America; East Asia to Australia, South America, and Africa; and intra-Asia networks linking to the Persian Gulf and Red Sea, with calls at 240 ports across 80 countries worldwide. Headquartered in Luzhu District, Taoyuan City, Taiwan, and founded in 1968, Evergreen Marine conducts operations in Taiwan, the Americas, Europe, Asia, and other international regions through subsidiaries including Uniglory Marine Corp., Evergreen UK Ltd., and Italia Marittima S.p.A., which were integrated into the Evergreen Line brand in 2007. Recent strategic developments include a joint venture terminal partnership with PSA Singapore launched in late 2024 to enhance capacity and efficiency in Asia; expansion of container services into Latin America and the Middle East announced in 2025; acquisition of chartered vessels including five 20,000-TEU and additional units for $451 million in early 2025 to bolster fleet flexibility; and major newbuild orders such as eleven 24,000-TEU LNG dual-fuel vessels in February 2025, fourteen 14,000-TEU LNG dual-fuel panamax ships for $2.8 billion in November 2025 split between Samsung Heavy Industries and Guangzhou Shipyard International, six methanol dual-fuel 2,400-TEU vessels, alongside over $3 billion in total investments for new ships, containers, and port equipment to support fleet modernization and decarbonization efforts.