Obermatt

Evergreen Marine

TAI:2603 · TW0002603008
MarineLarge

360

61
EV / EBIT76
Price / Owner Earnings49
Owner Earnings Yield79
Dividend Yield97
Price/Sales51
EV / Gross Profit50
Price/Book65
Return on Capital59
Cash Return on Capital72
Return on Equity51
EBIT Margin52
Gross Profitability38
Cash Conversion33
Accruals17
Owner Earnings Margin67
Sales growth10
Profit Growth97
Long-Term EPS Growth4
Owner Earnings Growth36
Reinvestment78
Price momentum51
Debt load70
Refinancing23
Debt Payback100
Liquidity77
Analyst ratings65
Opinion Changes50
Price Target Upside37
Market mood57
Value Creation6/20not creating value
  • Creates more value than its capital costs
  • Owner earnings growing
  • Owner earnings per share growing
  • Reinvests at strong returns
  • Solid earnings base

What this means

Evergreen Marine doesn't consistently earn more than its cost of capital, so it isn't yet creating shareholder value.

Profile

CountryTaiwan
IndustryMarine
SizeLarge
TypePublic Company
ExchangeTWSE
Founded1968
ISINTW0002603008
Last UpdateApr 2, 2026
Themes
Freight ServicePackaging ServicesMarine TransportationE-CommerceLogisticsTransportation

Description

Evergreen Marine Corporation (Taiwan) Ltd. engages in container shipping, providing comprehensive services that encompass cargo loading, discharging, agency services that facilitate port formalities, and container manufacturing. The company's primary…

Analysis

Middle-of-the-road

Evergreen Marine Corporation (Taiwan) Ltd. sits in the middle of our grid: average quality, average price, no obvious signal in either direction.

On valuation, the picture is attractive. The owner-earnings multiple stands at 10.0×; owner earnings: the cash an owner could take out each year. The implied growth embedded in that price is around -3% a year, against analyst forecasts of -159%. The market is pricing in far more than analysts expect: heroic expectations.

Growth is tepid; the safety picture is sturdy. The company scores 6/20 on our value-creation score: not creating value.

Flags to be aware of: Some accounting patterns deserve a closer look. Some accounting patterns deserve a closer look. As always: this describes the company's numbers; it is not a recommendation.

360° rank · history

1007550250
89
2023202420252026

All-time high

98

Mar 2026

All-time low

47

Jan 2023

Average rank

80

across all years

Detailed & Historical Ranks

Deep dive into 15 detailed ranks and 3 years of history.

Current202520242023
Price/Sales
51
37
33
36
Price/Earnings
77
100
16
86
Price/Book
65
71
93
31
Dividend Yield
97
98
64
80
Value (overall)
91
95
44
72

Cells are coloured by rank band (red weak → green strong). Sentiment & 360° history begins 2023.

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Make Sense of the Ranks

Every rank runs 1–100 against true peers. Higher is always better.

360° View
1 · Watch OutGood· 100
Value
1 · ExpensiveGood Value· 100
Quality
1 · Weak FundamentalsHigh Quality· 100
Growth
1 · Tough TimesHigh Growth· 100
Safety
1 · High LeverageWell-Financed· 100
Sentiment
1 · SkepticismPositive· 100
Learn More →