Financials Evergreen Aviation Technologies Corporation

Equities

2645

TW0002645009

Airport Services

End-of-day quote Taiwan S.E. 06:00:00 2024-05-20 pm EDT 5-day change 1st Jan Change
112 TWD -0.44% Intraday chart for Evergreen Aviation Technologies Corporation +0.45% +3.23%

Valuation

Fiscal Period: December 2023 2024 2025
Capitalization 1 40,641 41,952 -
Enterprise Value (EV) 1 40,641 41,763 40,590
P/E ratio 22 x 21.4 x 19.6 x
Yield - 4.25% 4.58%
Capitalization / Revenue 2.75 x 2.63 x 2.41 x
EV / Revenue 2.75 x 2.62 x 2.33 x
EV / EBITDA 15.2 x 13.4 x 12.3 x
EV / FCF - 21.1 x 28.6 x
FCF Yield - 4.75% 3.49%
Price to Book - 3.2 x 3.16 x
Nbr of stocks (in thousands) 374,571 374,571 -
Reference price 2 108.5 112.0 112.0
Announcement Date 3/25/24 - -
1TWD in Million2TWD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2021 2023 2024 2025
Net sales 1 - 14,782 15,960 17,392
EBITDA 1 - 2,681 3,126 3,302
EBIT 1 - 1,918 2,126 2,366
Operating Margin - 12.98% 13.32% 13.6%
Earnings before Tax (EBT) 1 - 2,239 2,466 2,670
Net income 1 880.8 1,833 1,966 2,136
Net margin - 12.4% 12.32% 12.28%
EPS 2 2.490 4.930 5.245 5.700
Free Cash Flow 1 - - 1,984 1,418
FCF margin - - 12.43% 8.15%
FCF Conversion (EBITDA) - - 63.44% 42.94%
FCF Conversion (Net income) - - 100.89% 66.39%
Dividend per Share 2 - - 4.755 5.125
Announcement Date 4/20/22 3/25/24 - -
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 2025 Q2
Net sales 1 3,313 3,789 3,940 3,740 3,698 4,134 4,213 3,916 4,090 4,471
EBITDA 1 562.4 821.5 712.2 550.3 753.2 1,015 1,031 627 973 -
EBIT 1 356.6 641.3 521.7 398.6 572.3 617 616.5 331.5 589 676.5
Operating Margin 10.76% 16.93% 13.24% 10.66% 15.48% 14.93% 14.63% 8.47% 14.4% 15.13%
Earnings before Tax (EBT) 1 374.3 792.5 783.4 288.7 - 694 644 493 649 745.5
Net income 1 299.4 634 626.7 272.9 - 563.5 556 338 519 596.5
Net margin 9.04% 16.73% 15.91% 7.3% - 13.63% 13.2% 8.63% 12.69% 13.34%
EPS 2 0.8400 1.690 1.670 0.7100 - 1.505 1.480 0.9000 1.390 1.595
Dividend per Share - - - - - - - - - -
Announcement Date 5/15/23 8/10/23 11/13/23 3/25/24 5/14/24 - - - - -
1TWD in Million2TWD
Estimates

Balance Sheet Analysis

Fiscal Period: December 2021 2023 2024 2025
Net Debt 1 - - - -
Net Cash position 1 - - 189 1,362
Leverage (Debt/EBITDA) - - - -
Free Cash Flow 1 - - 1,984 1,418
ROE (net income / shareholders' equity) - - 15.1% 16.1%
ROA (Net income/ Total Assets) - - 8.45% 9.3%
Assets 1 - - 23,266 22,968
Book Value Per Share 2 - - 35.00 35.50
Cash Flow per Share 2 - - 8.030 8.600
Capex 1 - - 140 147
Capex / Sales - - 0.87% 0.84%
Announcement Date 4/20/22 3/25/24 - -
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
112 TWD
Average target price
142 TWD
Spread / Average Target
+26.79%
Consensus
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