Financials Evergreen Aviation Technologies Corporation

Equities

2645

TW0002645009

Airport Services

End-of-day quote Taiwan S.E. 23:00:00 02/05/2024 BST 5-day change 1st Jan Change
110 TWD -1.35% Intraday chart for Evergreen Aviation Technologies Corporation +1.38% +1.38%

Valuation

Fiscal Period: December 2023 2024 2025
Capitalization 1 40,641 41,203 -
Enterprise Value (EV) 1 40,641 42,413 41,205
P/E ratio 22 x 20.8 x 19 x
Yield - 4.23% 4.52%
Capitalization / Revenue 2.75 x 2.56 x 2.35 x
EV / Revenue 2.75 x 2.64 x 2.35 x
EV / EBITDA 15.2 x 13.2 x 12.1 x
EV / FCF - 27.4 x 22 x
FCF Yield - 3.65% 4.55%
Price to Book - 3.71 x 3.67 x
Nbr of stocks (in thousands) 374,571 374,571 -
Reference price 2 108.5 110.0 110.0
Announcement Date 25/03/24 - -
1TWD in Million2TWD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2021 2023 2024 2025
Net sales 1 - 14,782 16,072 17,518
EBITDA 1 - 2,681 3,217 3,416
EBIT 1 - 1,918 2,164 2,408
Operating Margin - 12.98% 13.47% 13.74%
Earnings before Tax (EBT) 1 - 2,239 2,472 2,706
Net income 1 880.8 1,833 1,978 2,165
Net margin - 12.4% 12.3% 12.36%
EPS 2 2.490 4.930 5.280 5.780
Free Cash Flow 1 - - 1,550 1,873
FCF margin - - 9.64% 10.69%
FCF Conversion (EBITDA) - - 48.17% 54.84%
FCF Conversion (Net income) - - 78.36% 86.51%
Dividend per Share 2 - - 4.655 4.975
Announcement Date 20/04/22 25/03/24 - -
1TWD in Million2TWD
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4 2025 Q1
Net sales 1 3,313 3,789 3,940 3,740 3,820 4,156 4,213 3,883 4,134
EBITDA 1 562.4 821.5 712.2 550.3 943 1,053 1,070 733 1,012
EBIT 1 356.6 641.3 521.7 398.6 524 621.5 624.5 394 569
Operating Margin 10.76% 16.93% 13.24% 10.66% 13.72% 14.95% 14.82% 10.15% 13.76%
Earnings before Tax (EBT) 1 374.3 792.5 783.4 288.7 586.5 705.5 699.5 481 673
Net income 1 299.4 634 626.7 272.9 469 564.5 559.5 384.5 538
Net margin 9.04% 16.73% 15.91% 7.3% 12.28% 13.58% 13.28% 9.9% 13.01%
EPS 2 0.8400 1.690 1.670 0.7100 1.250 1.505 1.495 1.025 1.440
Dividend per Share - - - - - - - - -
Announcement Date 15/05/23 10/08/23 13/11/23 25/03/24 - - - - -
1TWD in Million2TWD
Estimates

Balance Sheet Analysis

Fiscal Period: December 2021 2023 2024 2025
Net Debt 1 - - 1,210 2
Net Cash position 1 - - - -
Leverage (Debt/EBITDA) - - 0.3761 x 0.000586 x
Free Cash Flow 1 - - 1,550 1,873
ROE (net income / shareholders' equity) - - 17.5% 18.8%
ROA (Net income/ Total Assets) - - 9% 9.85%
Assets 1 - - 21,972 21,980
Book Value Per Share 2 - - 29.70 30.00
Cash Flow per Share 2 - - 8.380 8.960
Capex 1 - - 136 141
Capex / Sales - - 0.85% 0.8%
Announcement Date 20/04/22 25/03/24 - -
1TWD in Million2TWD
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
2
Last Close Price
110 TWD
Average target price
140 TWD
Spread / Average Target
+27.27%
Consensus
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