Evergreen Aviation Tech Corp
Evergreen Aviation Technologies Corporation provides aircraft maintenance services to airline partners in Taiwan and internationally. The company's services include ramp maintenance and aircraft on ground (AOG) services. It also offers heavy maintenance visits and base services, aircraft conversion, and component line replacement unit overhauls. The company was founded in 1991 and is based in Tao… Read more
Evergreen Aviation Tech Corp (2645) - Net Assets
Latest net assets as of September 2025: NT$13.10 Billion TWD
Based on the latest financial reports, Evergreen Aviation Tech Corp (2645) has net assets worth NT$13.10 Billion TWD as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (NT$22.87 Billion) and total liabilities (NT$9.76 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | NT$13.10 Billion |
| % of Total Assets | 57.3% |
| Annual Growth Rate | -0.85% |
| 5-Year Change | 33.02% |
| 10-Year Change | N/A |
| Growth Volatility | 16.06 |
Evergreen Aviation Tech Corp - Net Assets Trend (2019–2024)
This chart illustrates how Evergreen Aviation Tech Corp's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Evergreen Aviation Tech Corp (2019–2024)
The table below shows the annual net assets of Evergreen Aviation Tech Corp from 2019 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | NT$13.24 Billion | +2.16% |
| 2023-12-31 | NT$12.96 Billion | +18.76% |
| 2022-12-31 | NT$10.91 Billion | +12.16% |
| 2021-12-31 | NT$9.73 Billion | -2.24% |
| 2020-12-31 | NT$9.95 Billion | -27.95% |
| 2019-12-31 | NT$13.81 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Evergreen Aviation Tech Corp's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 8.9% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | NT$7.33 Billion | 55.33% |
| Common Stock | NT$3.75 Billion | 28.29% |
| Other Comprehensive Income | NT$36.06 Million | 0.27% |
| Other Components | NT$2.13 Billion | 16.10% |
| Total Equity | NT$13.24 Billion | 100.00% |
Evergreen Aviation Tech Corp Competitors by Market Cap
The table below lists competitors of Evergreen Aviation Tech Corp ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
FTAI Infrastructure Inc.
NASDAQ:FIP
|
$562.31 Million |
|
People & Technology Inc
KQ:137400
|
$562.32 Million |
|
Thunder Tiger Corp
TW:8033
|
$562.67 Million |
|
LandOcean Energy Services Co
SHE:300157
|
$562.67 Million |
|
Guangdong Shaoneng Group Co Ltd
SHE:000601
|
$561.99 Million |
|
Tamboran Resources Corporation
NYSE:TBN
|
$561.72 Million |
|
Paradeep Phosphates Limited
NSE:PARADEEP
|
$561.48 Million |
|
Elsight Ltd
AU:ELS
|
$561.34 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Evergreen Aviation Tech Corp's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 12,958,924,000 to 13,238,593,000, a change of 279,669,000 (2.2%).
- Net income of 1,837,104,000 contributed positively to equity growth.
- Dividend payments of 1,685,569,000 reduced retained earnings.
- Other comprehensive income increased equity by 52,418,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$1.84 Billion | +13.88% |
| Dividends Paid | NT$1.69 Billion | -12.73% |
| Other Comprehensive Income | NT$52.42 Million | +0.4% |
| Other Changes | NT$75.72 Million | +0.57% |
| Total Change | NT$- | 2.16% |
Book Value vs Market Value Analysis
This analysis compares Evergreen Aviation Tech Corp's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 4.65x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has decreased from 7.77x to 4.65x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2019-12-31 | NT$21.09 | NT$164.00 | x |
| 2020-12-31 | NT$15.61 | NT$164.00 | x |
| 2021-12-31 | NT$27.46 | NT$164.00 | x |
| 2022-12-31 | NT$30.71 | NT$164.00 | x |
| 2023-12-31 | NT$34.85 | NT$164.00 | x |
| 2024-12-31 | NT$35.23 | NT$164.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Evergreen Aviation Tech Corp utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 13.88%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 11.28%
- • Asset Turnover: 0.71x
- • Equity Multiplier: 1.74x
- Recent ROE (13.88%) is above the historical average (13.03%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2019 | 14.81% | 4.38% | 1.33x | 2.55x | NT$664.47 Million |
| 2020 | 11.79% | 10.98% | 0.45x | 2.40x | NT$177.82 Million |
| 2021 | 9.05% | 9.16% | 0.43x | 2.31x | NT$-92.15 Million |
| 2022 | 14.49% | 13.35% | 0.54x | 2.00x | NT$490.01 Million |
| 2023 | 14.14% | 12.40% | 0.64x | 1.78x | NT$537.14 Million |
| 2024 | 13.88% | 11.28% | 0.71x | 1.74x | NT$513.24 Million |
Industry Comparison
This section compares Evergreen Aviation Tech Corp's net assets metrics with peer companies in the Aerospace & Defense industry.
Industry Context
- Industry: Aerospace & Defense
- Average net assets among peers: $2,933,541,889
- Average return on equity (ROE) among peers: -3.06%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Evergreen Aviation Tech Corp (2645) | NT$13.10 Billion | 14.81% | 0.75x | $561.99 Million |
| CSBC Corp Taiwan (2208) | $6.46 Billion | -28.16% | 4.43x | $525.67 Million |
| Air Asia Co Ltd (2630) | $1.28 Billion | 2.99% | 0.64x | $128.23 Million |
| Aerospace Industrial Development Corp (2634) | $10.29 Billion | 18.18% | 1.46x | $930.79 Million |
| Magnate Technology Co Ltd (4541) | $1.78 Billion | 6.76% | 1.01x | $62.02 Million |
| Chaheng Precision Co. Ltd. (4546) | $1.54 Billion | 16.24% | 1.47x | $63.91 Million |
| Drewloong Precision Inc (4572) | $502.67 Million | 0.00% | 0.34x | $105.03 Million |
| Lungteh Shipbldg Co Ltd (6753) | $3.69 Billion | 19.15% | 1.75x | $224.84 Million |
| Carbon-Based Technology Inc. (7719) | $107.95 Million | -49.04% | 0.35x | $11.45K |
| Aero Win Technology Corp (8222) | $751.28 Million | -13.70% | 0.72x | $59.21 Million |