Evergreen Marine Corp (2603) Earnings: 9M Net Income Reaches NT$60.06 Billion with EPS of NT$27.74

Evergreen Marine Corp on Smartkarma

Analyst coverage on Evergreen Marine Corp on Smartkarma reveals a bearish sentiment from analyst Daniel Hellberg. In his report titled “Evergreen Marine Reported -56% Y/Y Decline in Q225 OP | But Q325 Is Likely to Be Much Worse,” Hellberg highlights Taiwan’s Evergreen Marine’s significant -56% Y/Y drop in Operating Profit in Q2 2025. Despite this, based on July-August revenue data, the analyst anticipates an even bleaker performance in Q3 2025. Hellberg’s analysis suggests potential downside for container carriers, emphasizing the challenging outlook for Evergreen Marine.

Continuing his bearish stance, Hellberg’s insights on Taiwan’s deep-sea carriers in another report indicate a concerning revenue decline in April. Titled “Taiwan’s Deep-Sea Carriers Saw Revenue Decline Y/Y in April, First Time Since Dec-2023 | Stay SHORT!,” the report underscores a sharp downturn in fundamentals for carriers like Evergreen and Yang Ming. Despite the poor April performance, YTD and Y/Y share trends do not align with the deteriorating fundamentals, leading Hellberg to recommend a short position on container carriers due to the perceived disconnect between financial performance and market valuations.

A look at Evergreen Marine Corp Smart Scores

Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma

Evergreen Marine Corp. (Taiwan) Ltd., a leading freight transportation company, has received high scores across several key factors according to Smartkarma Smart Scores. With top scores in Value and Dividend, the company appears to be financially strong and investor-friendly. Additionally, its scores in Resilience and Growth show that it is well-positioned to withstand market fluctuations and has potential for future development. While its Momentum score is slightly lower, indicating a moderate pace of market activity, the overall outlook for Evergreen Marine Corp. seems positive.

As a global player in the shipping industry, Evergreen Marine Corp. (Taiwan) Ltd. utilizes container ships to move freight worldwide. Beyond its core shipping operations, the company also has interests in terminals, airline operations, motor freight transportation, and container manufacturing. With strong scores in Value and Dividend, and solid scores in Resilience and Growth, Evergreen Marine Corp. appears to be a well-rounded company with a promising long-term outlook, reflecting its diversified business portfolio and stable financial standing.

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