Financials EVA Airways Corp.

Equities

2618

TW0002618006

Airlines

End-of-day quote Taiwan S.E. Other stock markets 2025-01-14			5-day change	1st Jan Change
46.60 ^TWD	+1.41%		-0.64%	+5.07%

Dec. 11	UATP Partners with EVA Air to Expand its Issuer Network	CI
Nov. 14	EVA Airways Corp. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2024	CI

Projected Income Statement: EVA Airways Corp.

income-statement-evolution-chart EVA-AIRWAYS-CORP

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net sales ¹	181,275	89,049	103,872	138,069	187,813	220,460	221,228	205,896
Change	-	-50.88%	16.65%	32.92%	36.03%	17.38%	0.35%	-6.93%
EBITDA ¹	36,557	26,961	38,783	39,296	53,632	66,882	58,328	51,446
Change	-	-26.25%	43.85%	1.32%	36.48%	24.7%	-12.79%	-11.8%
EBIT ¹	9,443	-827.1	10,358	9,798	25,649	36,612	30,618	27,123
Change	-	-	-	-5.41%	161.78%	42.74%	-16.37%	-11.42%
Interest Paid ¹	-5,399	-5,028	-4,000	-3,795	-3,469	-3,666	-3,720	-
Earnings before Tax (EBT) ¹	6,058	-4,319	7,802	9,469	26,487	37,863	34,828	30,657
Change	-	-	-	21.35%	179.74%	42.95%	-8.01%	-11.98%
Net income ¹	3,982	-3,362	6,608	7,091	21,594	29,064	24,929	23,533
Change	-	-	-	7.31%	204.52%	34.59%	-14.23%	-5.6%
Announcement Date	3/18/20	3/21/21	3/14/22	3/16/23	3/15/24	-	-	-

¹TWD in Million

Estimates

Fiscal Period: December	2019 Q4	2020 Q1	2020 Q2	2020 Q3	2020 Q4	2021 Q1	2021 Q2	2021 Q3	2021 Q4	2022 Q1	2022 Q2	2022 Q3	2022 Q4	2023 Q1	2023 Q2	2023 Q3	2023 Q4	2024 Q1	2024 Q2	2024 Q3	2024 Q4	2025 Q1	2025 Q2	2025 Q3	2025 Q4	2026 Q1
Net sales ¹	47,570	30,233	19,289	18,403	21,124	19,679	24,163	-	34,217	30,090	33,331	35,205	39,442	44,426	48,609	53,263	41,514	51,915	55,374	57,160	54,804	55,276	55,691	58,111	57,222	53,408
Change	-	-36.44%	-36.2%	-4.59%	14.78%	-6.84%	22.79%	-100%	-	-12.06%	10.77%	5.62%	12.03%	12.64%	9.42%	9.57%	-22.06%	25.05%	6.66%	3.23%	-4.12%	0.86%	0.75%	4.35%	-1.53%	-6.67%
EBITDA ¹	9,081	6,457	7,110	5,634	7,760	5,332	7,881	-	16,155	11,456	9,712	8,787	9,342	13,724	15,201	15,363	9,344	14,057	17,275	-	18,485	14,274	16,533	16,913	15,288	-
Change	-	-28.9%	10.12%	-20.77%	37.75%	-31.29%	47.81%	-100%	-	-29.09%	-15.22%	-9.53%	6.32%	46.91%	10.76%	1.06%	-39.18%	50.43%	22.89%	-100%	-	-22.78%	15.83%	2.3%	-9.61%	-100%
EBIT ¹	2,141	-444.8	184.6	-1,313	745.8	-1,762	801.1	-	9,009	4,205	2,466	1,258	1,869	6,273	7,763	7,870	3,744	6,654	10,068	12,284	8,092	8,495	8,766	9,710	8,781	8,225
Change	-	-	-	-	-	-	-	-100%	-	-53.32%	-41.35%	-48.98%	48.54%	235.68%	23.75%	1.38%	-52.43%	77.74%	51.31%	22%	-34.12%	4.97%	3.19%	10.77%	-9.57%	-6.33%
Charge d'intérêts ¹	-1,390	-1,317	-1,286	-1,254	-1,171	-1,029	-1,020	-	-970.3	-963.3	-951.6	-950	-930.1	-924.7	-879.9	-813	-851.8	-920.4	-905.2	-	-920	-930	-930	-930	-930	-
Earnings before Tax (EBT) ¹	1,036	-1,298	-624.6	-2,240	-156.4	-2,410	-183.2	-	8,521	4,236	2,496	1,890	846.2	5,911	7,997	8,051	4,528	6,481	10,250	11,744	8,608	8,128	8,480	9,506	8,468	7,840
Change	-	-	-51.89%	258.61%	-93.02%	1,440.55%	-92.4%	-100%	-	-50.29%	-41.09%	-24.25%	-55.24%	598.55%	35.28%	0.68%	-43.76%	43.13%	58.16%	14.58%	-26.71%	-5.57%	4.32%	12.11%	-10.92%	-7.42%
Net income ¹	767.9	-1,221	-613.7	-1,808	280.7	-2,197	144	1,484	7,178	3,350	1,803	1,237	702.3	4,498	5,941	5,958	5,198	4,712	7,788	8,985	6,565	6,079	6,252	7,112	6,408	6,039
Change	-	-	-49.72%	194.58%	-	-	-	930.03%	383.85%	-53.34%	-46.18%	-31.39%	-43.21%	540.43%	32.08%	0.28%	-12.76%	-9.33%	65.27%	15.36%	-26.93%	-7.39%	2.84%	13.76%	-9.91%	-5.75%
Announcement Date	3/18/20	5/13/20	8/9/20	11/8/20	3/21/21	5/3/21	8/4/21	11/3/21	3/14/22	5/6/22	8/3/22	11/2/22	3/16/23	5/12/23	8/10/23	11/7/23	3/15/24	5/10/24	8/9/24	11/13/24	-	-	-	-	-	-

¹TWD in Million

Estimates

Forecast Balance Sheet: EVA Airways Corp.

balance-sheet-analysis-chart EVA-AIRWAYS-CORP

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net Debt ¹	53,589	75,811	60,425	-	-18,127	-40,026	-52,112	-
Change	-	41.47%	-20.3%	-	-	-320.81%	-230.2%	-
Announcement Date	3/18/20	3/21/21	3/14/22	3/16/23	3/15/24	-	-	-

¹TWD in Million

Estimates

Cash Flow Forecast: EVA Airways Corp.

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
CAPEX ¹	23,959	11,951	12,827	3,605	23,003	17,732	21,999	10,801
Change	-	-50.12%	7.33%	-71.9%	538.15%	-22.91%	24.06%	-50.9%
Free Cash Flow (FCF) ¹	13,195	-6,581	22,148	59,547	45,202	53,862	58,178	-
Change	-	-149.87%	-436.56%	168.86%	-24.09%	19.16%	8.01%	-100%
Announcement Date	3/18/20	3/21/21	3/14/22	3/16/23	3/15/24	-	-	-

¹TWD in Million

Estimates

Forecast Financial Ratios: EVA Airways Corp.

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Profitability
EBITDA Margin (%)	20.17%	30.28%	37.34%	28.46%	28.56%	30.34%	26.37%	24.99%
EBIT Margin (%)	5.21%	-0.93%	9.97%	7.1%	13.66%	16.61%	13.84%	13.17%
EBT Margin (%)	3.34%	-4.85%	7.51%	6.86%	14.1%	17.17%	15.74%	14.89%
Net margin (%)	2.2%	-3.78%	6.36%	5.14%	11.5%	13.18%	11.27%	11.43%
FCF margin (%)	7.28%	-7.39%	21.32%	43.13%	24.07%	24.43%	26.3%	-
FCF / Net Income (%)	331.33%	195.76%	335.15%	839.72%	209.32%	185.33%	233.38%	-
Profitability
ROA	1.33%	-0.98%	2.02%	2.2%	6.65%	8.11%	7.01%	4.63%
ROE	5.91%	-4.73%	8.45%	8.17%	22.16%	22.87%	17.33%	12.67%
Financial Health
Leverage (Debt/EBITDA)	1.47x	2.81x	1.56x	-	-	-	-	-
Debt / Free cash flow	4.06x	-11.52x	2.73x	-	-	-	-	-
Capital Intensity
CAPEX / Current Assets (%)	13.22%	13.42%	12.35%	2.61%	12.25%	8.04%	9.94%	5.25%
CAPEX / EBITDA (%)	65.54%	44.33%	33.07%	9.17%	42.89%	26.51%	37.72%	20.99%
CAPEX / FCF (%)	181.57%	-181.61%	57.91%	6.05%	50.89%	32.92%	37.81%	-
Items per share
Cash flow per share ¹	7.09	1.102	6.812	11.78	12.59	8.68	9.25	-
Change	-	-84.45%	517.92%	72.94%	6.85%	-31.04%	6.57%	-
Dividend per Share ¹	0.4473	-	0.6	0.8	1.8	2.373	1.924	1.586
Change	-	-	-	33.33%	125%	31.84%	-18.91%	-17.59%
Book Value Per Share ¹	13.6	14.59	16.67	16.41	19.81	22.19	27.32	-
Change	-	7.27%	14.28%	-1.55%	20.71%	12.03%	23.12%	-
EPS ¹	0.76	-0.69	1.29	1.32	3.99	5.328	4.606	4.36
Change	-	-190.79%	-286.96%	2.33%	202.27%	33.54%	-13.56%	-5.34%
Nbr of stocks (in thousands)	4,853,569	4,853,569	5,138,539	5,358,125	5,400,444	5,400,444	5,400,444	5,400,444
Announcement Date	3/18/20	3/21/21	3/14/22	3/16/23	3/15/24	-	-	-