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Evergreen Marine Corp. (Taiwan) Ltd. - Nikkei Asian Review
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(Taiwan) Ltd.</h1> <h4 class="a300ctry">Taiwan</h4> <div class="article list-area"> <div class="article-box"> <div class="column-layout feature list no-image no-border"> <div class="feature-article"> <div class="clearfix"> <ul class="base-list-a300 list-link"> <li>Summary </li> <li><a href="/web/20160505061656/http://asia.nikkei.com/Company/05HXFK-E/Historical">Historical data</a></li> </ul> </div> <div class="clearfix"> <div id="a300CR"> <ul class="chart tab-tget"> <li><img data-src="/Company/Chart/Images?quote=%402603%2FTW&term=3m" src="/web/20160505061656im_/http://asia.nikkei.com/images/bg_chart.png"></li> </ul> <script type="text/javascript"> <!-- $('.chart li:first img').unveil(); --> </script> <div class="clearfix"> <ul class="base-list-a300 date tab-trg"> <li id="1d">1m</li> <li id="3m" class="select">3m</li> <li id="6m">6m</li> <li id="1y">1y</li> <li id="2y">2y</li> <li id="5y">5y</li> </ul> </div> <table class="tbla300C mb5"> <tr> <th></th> <th class="date-area">May 4, 2016</th> </tr> <tr> <th>Prev close:</th> <td>11.45</td> </tr> </table> <table class="tbla300C mb5"> <tr> <th></th> <th class="date-area">May 4, 2016</th> </tr> <tr> <th>Market cap:<br>Market cap(USD):</th> <td>40,216.47M<br>1,243.26M</td> </tr> <tr> <th>Shares:</th> <td>3,512.35M</td> </tr> </table> <p class="notes taR">Currency in TWD</p> </div> <div id="a300CL"> <div class="article-box mb20"> <h2 class="titleG">Company profile</h2> <table class="tbla300C tdL"> <tr> <th class="w40">Market(Ticker):</th> <td>TAI(2603)</td> </tr> <tr> <th>Sector:<br>Industry:</th> <td>Transportation<br>Marine Shipping</td> </tr> <tr> <th>Full time employees:</th> <td>--</td> </tr> </table> </div> </div> <div id="a300BS"> <div id="co-textbox-lg2" class="article-box"> <h2 class="titleG">Business summary</h2> <p class="text_overflow-bs">Evergreen Marine Corp. (Taiwan) Ltd. engages in the provision of international shipping services. The company provides full container services, micro computer-controlled reefer containers, slot charters, slot exchanges and joint services, container terminals, and e-business services. The company was founded on September 1, 1968 by Yung Fa Chang and is headquartered in Taipei, Taiwan.</p> <h2 class="titleG strong02">Company background</h2> <p class="text_overflow-bs">Founded in 1968 by tycoon Chang Yung-fa, Evergreen Marine is one of the world's largest maritime freight companies.<br/> <br/> 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.<br/> <br/> The company's core businesses include cargo transport by ship, vessel construction and port management.<br/> <br/> 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.<br/> <br/> 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.</p> </div> </div> </div> </div> </div> <div id="a300C2clm" class="two-column"> <div class="article-list"> <h2 class="titleG strong">In the news</h2> <div class="article-box"> <ul> <li> <h3 class="title"><a href="/web/20160505061656/http://asia.nikkei.com/Business/AC/China-COSCO-Evergreen-join-world-s-largest-shipping-alliance">China COSCO, Evergreen join world's largest shipping alliance</a></h3> <div class="column-layout"> <a href="/web/20160505061656/http://asia.nikkei.com/Business/AC/China-COSCO-Evergreen-join-world-s-largest-shipping-alliance"> <img src="/web/20160505061656im_/http://asia.nikkei.com/var/site_cache/storage/images/node_43/node_51/2016/201604/0421t2/20160421_cosco/4390729-1-eng-GB/20160421_cosco_medium_thumbnail.jpg" width="120" alt=""/> </a> <p>DALIAN -- Four major international shipping companies based in Asia and Europe have agreed to form the world's largest shipping alliance. The four are: China COSCO Holdings, the world's fourth lar...</p> <p class="date-area">April 21, 2016 7:30 pm JST</p> </div> </li> <li> <h3 class="title"><a href="/web/20160505061656/http://asia.nikkei.com/magazine/20160324-WHAT-DOES-IT-MEAN-FOR-ASIA/Business/The-succession-battle-at-Evergreen-Group-bodes-ill-for-the-Taiwanese-giant">The succession battle at Evergreen Group bodes ill for the Taiwanese giant</a></h3> <div class="column-layout"> <p>TAIPEI When Capt. Chang Kuo-wei guided his Boeing 777-300ER up and off the runway at Taiwan Taoyuan International Airport on March 11 for the Eva Airways BR225 early flight to Singapore, nothing on ...</p> <p class="date-area">March 24, 2016 12:00 pm JST</p> </div> </li> <li> <div class="sub-title">Company in focus</div> <h3 class="title"><a href="/web/20160505061656/http://asia.nikkei.com/Business/AC/Eva-Airways-theater-of-classic-Taiwan-family-business-feud">Eva Airways, theater of classic Taiwan family business feud</a></h3> <div class="column-layout"> <p>TAIPEI -- When Captain Chang Kuo-wei lifted his Boeing 777-300ER from Taiwan Taoyuan International Airport on Mar. 11 for the regular Eva Airways BR225 early flight to Singapore, there was nothing on ...</p> <p class="date-area">March 20, 2016 2:00 am JST</p> </div> </li> <li> <h3 class="title"><a href="/web/20160505061656/http://asia.nikkei.com/Business/AC/Family-feud-pummels-shares-in-Eva-Airways">Family feud pummels shares in Eva Airways </a></h3> <div class="column-layout"> <p>TAIPEI -- The shares of Taiwanese airline Eva Airways fell over 2.5% on Monday as the family of Chang Yung-fa fought for control of his transportation empire following his death on Jan. 20. Evergr...</p> <p class="date-area">March 15, 2016 1:00 am JST</p> </div> </li> <li> <div class="sub-title">Evergreen Group</div> <h3 class="title"><a href="/web/20160505061656/http://asia.nikkei.com/Business/AC/Chang-Yung-fa-Taiwanese-transport-tycoon-dies-at-88">Chang Yung-fa, Taiwanese transport tycoon, dies at 88 </a></h3> <div class="column-layout"> <p>TAIPEI -- Chang Yung-fa, transport tycoon and founder and chairman of Evergreen Group, died Wednesday of natural causes. He was 88. As of Jan. 20, four of Evergreen's publicly listed subsidiaries ...</p> <p class="date-area">January 20, 2016 10:27 pm JST</p> </div> </li> <li> <h3 class="title"><a href="/web/20160505061656/http://asia.nikkei.com/magazine/20151203-INDIAN-OCEAN-CURRENTS/Business/Shipping-industry-shakeout-hits-Asian-shores">Shipping industry shakeout hits Asian shores</a></h3> <div class="column-layout"> <p>SINGAPORE Overcapacity and weaker global trade have fueled talk of a shakeout in the global shipping industry. Now, consolidation appears to be picking up, with much of the activity centering on Asia....</p> <p class="date-area">December 3, 2015 12:00 pm JST</p> </div> </li> <li> <div class="sub-title">Industry consolidation</div> <h3 class="title"><a href="/web/20160505061656/http://asia.nikkei.com/Business/AC/Shipping-shakeout-hits-Asian-shores">Shipping shakeout hits Asian shores</a></h3> <div class="column-layout"> <p>SINGAPORE -- Overcapacity and weaker global trade have fueled talk of a shakeout in the global shipping industry. Now, consolidation appears to be picking up, with much of the activity centering on As...</p> <p class="date-area">December 2, 2015 7:00 pm JST</p> </div> </li> </ul> <div class="more"> <a href="/web/20160505061656/http://asia.nikkei.com/search/find?search_keyword=%22Evergreen+Marine%22&cm=Evergreen+Marine+Corp.+%28Taiwan%29+Ltd.&facet_company=05HXFK-E">more news for Evergreen Marine Corp. (Taiwan) Ltd.</a> </div> </div> </div> <div class="sub-area"> <h2 class="titleG">Financial highlights</h2> <p class="date-area taR">Dec 2015</p> <ul class="base-list-a300 tab-trg-f"> <li class="select">Local currency</li> <li>US Dollar</li> </ul> <div class="tab-tget-f"> <div class="tab-tget-el"> <div class="sub-box sub-inr"> <table class="tbla300C"> <tr> <th>Revenue</th> <td>133,734.67M</td> </tr> <tr> <th>Gross profit</th> <td>1,520.62M</td> </tr> <tr> <th>Operating income</th> <td class="minus">-4,180.46M</td> </tr> <tr> <th>Income before tax</th> <td class="minus">-4,221.75M</td> </tr> <tr> <th>Net income</th> <td class="minus">-4,408.07M</td> </tr> <tr> <th>EBITDA</th> <td>4,025.27M</td> </tr> <tr> <th>Diluted EPS</th> <td class="minus">-1.26</td> </tr> <tr> <th>Dividends per share</th> <td>0.09</td> </tr> </table> </div> <div class="sub-box sub-inr"> <table class="tbla300C"> <tr> <th>Total assets</th> <td>192,652.20M</td> </tr> <tr> <th>Total liabilities</th> <td>131,357.60M</td> </tr> <tr> <th>Total equity</th> <td>58,001.04M</td> </tr> </table> </div> <div class="sub-box sub-inr-last"> <table class="tbla300C"> <tr> <th>Operating cash flow</th> <td>5,772.65M</td> </tr> </table> <p class="notes taR">Currency in TWD</p> <div class="more taR"> <a href="/web/20160505061656/http://asia.nikkei.com/Company/05HXFK-E/Historical">Historical data</a> </div> </div> </div> <div class="tab-tget-el hide"> <div class="sub-box sub-box sub-inr"> <table class="tbla300C"> <tr> <th>Revenue</th> <td>4,211.57M</td> </tr> <tr> <th>Gross profit</th> <td>47.88M</td> </tr> <tr> <th>Operating income</th> <td class="minus">-131.65M</td> </tr> <tr> <th>Income before tax</th> <td class="minus">-132.95M</td> </tr> <tr> <th>Net income</th> <td class="minus">-138.81M</td> </tr> <tr> <th>EBITDA</th> <td>126.76M</td> </tr> <tr> <th>Diluted EPS</th> <td class="minus">-0.03</td> </tr> <tr> <th>Dividends per share</th> <td>0.00</td> </tr> </table> </div> <div class="sub-box sub-box sub-inr"> <table class="tbla300C"> <tr> <th>Total assets</th> <td>5,865.13M</td> </tr> <tr> <th>Total liabilities</th> <td>3,999.07M</td> </tr> <tr> <th>Total equity</th> <td>1,765.79M</td> </tr> </table> </div> <div class="sub-box sub-box sub-inr-last"> <table class="tbla300C"> <tr> <th>Operating cash flow</th> <td>181.79M</td> </tr> </table> <p class="notes taR">Currency in USD</p> <div class="more taR"> <a href="/web/20160505061656/http://asia.nikkei.com/Company/05HXFK-E/Historical">Historical data</a> </div> </div> </div> </div> <div class="sub-box"> <h2 class="titleG">Valuation measures</h2> <p class="date-area taR">Dec 2015</p> <table class="tbla300C"> <tr> <th>PER</th> <td>--</td> </tr> <tr> <th>ROA</th> <td class="minus">-2.31%</td> </tr> <tr> <th>ROE</th> <td class="minus">-7.41%</td> </tr> <tr> <th>Operating margin</th> <td class="minus">-3.12%</td> </tr> <tr> <th>Profit margin</th> <td class="minus">-3.29%</td> </tr> </table> </div> <div class="sub-box"> <h2 class="titleG">Key executive</h2> <ul class="point-list lhL"> <li>President, Director & Spokesman: Hsin Yi Chang</li> <li>Chief Financial Officer, VP & Deputy Spokesman: Kuang Hui Wu</li> <li>Vice President-Engineering: Yu Tu Li</li> <li>Vice President-Shipping: Pei Chiao Lin</li> <li>Vice President-International Business: Wei Te Wei</li> </ul> </div> <div class="sub-box js_see-more3"> <h2 class="titleG">Share holders</h2> <ul class="point-list"> <li>Evergreen International SA(10.6%)</li> <li>CHANG KUO HUA(7.5%)</li> <li>ZHANG JUNG FA(5.9%)</li> <li>The Vanguard Group, Inc.(1.4%)</li> <li>Dimensional Fund Advisors LP(1.2%)</li> <li>Evergreenbancorp, Inc.(0.8%)</li> <li>Chang Yung Fa Charity Foundation(0.8%)</li> <li>BlackRock Fund Advisors(0.7%)</li> <li>Quoniam Asset Management GmbH(0.5%)</li> <li>Norges Bank Investment Management(0.4%)</li> <div class="more see-more"><a href="javascript: void(0);">Show more</a></div> <div class="more see-fewer"><a href="javascript: void(0);">Show fewer</a></div> </ul> </div> <div class="sub-box last"> <h2 class="titleG">Address</h2> <ul class="lhL"> <li>Website: http://www.evergreen-marine.com</li> <li>Address: 166, Section 2, Minsheng East Road, Taipei, 104, Taiwan</li> <li>Phone: +886.2.2505.7766</li> </ul> </div> <div class="more space"> <a href="/web/20160505061656/http://asia.nikkei.com/info/help-company">Help</a> </div> <p class="copyrightFS taR">Copyright © 2016 FactSet Research Systems Inc. All rights reserved.</p> </div><!-- /#sub-area --> </div><!-- /#two-column --> </div> </div><!-- /#article --> </div> </div> <div class="secondary"> <div class="link-box a300cpn js_see-more3 "> <h2 class="titleG">Related companies</h2> <ul class="point-list"> <li>Evergreen Marine (Singapore) Pte Ltd.</li> <li>Polaris Global ETF's Fund</li> <li>Versoix Shipping Co. Ltd.</li> <li>Evergreen Shipping Agency (Ireland) Ltd.</li> <li>Evergreen Shipping Agency (India) Pvt Ltd.</li> <li>Evergreen Marine Corp. (Malaysia) Sdn. Bhd.</li> <li>Evergreen Shipping Agency Thailand Co. Ltd.</li> <li>Evergreen Marine (Hong Kong) Ltd.</li> <li>Evergreen Shipping Agency Netherlands BV</li> <li>Balsam Estate BV</li> <li>Italia Marittima SpA</li> <li>Evergreen Shipping Agency Italy SpA</li> <li>Evergreen Marine (UK) Ltd.</li> <li>Evergreen Shipping Agency (Deutschland) GmbH</li> <li>Evergreen Shipping Agency UK Ltd.</li> <li>Evergreen Shipping Spain Sociedad Ltda</li> <li>Evergreen Marine Australia Pty Ltd.</li> <li>Taranto Container Terminal SpA</li> <li>Island Equipment LLC</li> <li>Peony Investment SA</li> <li>Evergreen Shipping Agency (America) Corp.</li> <li>Yung-Hua Investment Co. 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