- Evergreen Marine has reported a net income of NT$35.34 billion, which is less than the estimated NT$37.27 billion.
- The operating profit was NT$34.75 billion, surpassing the expected NT$33.87 billion.
- Revenue for Evergreen Marine reached NT$276.71 billion, slightly higher than the estimated NT$275.47 billion.
- The earnings per share (EPS) stood at NT$16.70, which is lower than the estimated NT$17.18.
- There were nine buys, four holds, and zero sells for Evergreen Marine.
Evergreen Marine Corp on Smartkarma
Evergreen Marine Corp has been receiving bullish coverage from independent analysts on Smartkarma, a leading investment research network. According to Daniel Hellberg, one of the top analysts on the platform, the company’s container shipping prices have seen a significant boost thanks to re-routes in the Red Sea and an increase in operating days. This has led to a growing gap between the near-term reality and longer-term supply concerns, making the current situation look more positive than previously thought.
In another report, Hellberg highlights that Evergreen’s revenue has also been positively impacted by newly-imposed ancillary charges and the ongoing conflict in the Middle East. The company’s average monthly revenue has increased over the past year and could potentially continue to rise in the future. With this in mind, the analyst believes that Evergreen’s stock has been undervalued and is worth considering for investment.
As we enter a new month, Hellberg notes that Evergreen’s price momentum is starting to look “less bad” compared to the previous month, mainly due to easier year-on-year comparisons. The potential for more re-routes in the Red Sea could also help absorb any under-utilized capacity, potentially leading to even better performance for the company. With a lot of negative sentiment already priced into the stock, Hellberg believes that Evergreen could be a good buy at its current levels.
In a separate report, Hellberg mentions that while container rates remain under pressure and fuel is no longer a tailwind, Evergreen’s performance year-to-date has been impressive. The company’s profitability has been in stark contrast to other major players in the industry, making it a standout option for investors. As sentiment weakens in the market, Hellberg sees signs of a cyclical bottom for Evergreen’s stock.
Finally, in his most recent report, Hellberg points out that a rebound in container volumes moving into ports along North America’s Pacific coast could be a turning point for Evergreen. While pricing remains stagnant, the surge in volume could provide a much-needed boost for the company. Investors should keep an eye on Maersk’s upcoming results for further guidance and commentary on the state of the market.
A look at Evergreen Marine Corp Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 5 | |
| Dividend | 5 | |
| Growth | 5 | |
| Resilience | 4 | |
| Momentum | 5 | |
| OVERALL SMART SCORE | 4.8 |
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
According to the Smartkarma Smart Scores, Evergreen Marine Corp has a strong long-term outlook. With a perfect score of 5 in value, dividend, and growth, the company is well-positioned for success. This means that Evergreen Marine Corp is considered to be a good value for investors, has a stable dividend payout, and is expected to experience strong growth in the future. Additionally, with a resilience score of 4 and a momentum score of 5, the company is showing signs of stability and a positive upward trend.
Evergreen Marine Corp is a Taiwanese shipping company that specializes in transporting freight by sea. Their fleet of container ships allows them to move cargo all over the world, making them a major player in the global shipping industry. The company also has interests in other areas such as terminals, airlines, motor freight transportation, and container manufacturing. With its high Smartkarma Smart Scores, Evergreen Marine Corp is poised to continue its success in the long-term future.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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