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Evergreen Aviation Technologies Corporation (2645) AI Stock Analysis

TW:2645

Evergreen Aviation Technologies Corporation

(TWSE:2645)

Select Model
Rating:63Neutral
Price Target:TWD 157.00â–¼(-4.56% Downside)
Action:initiatedcoverage
Date:11/10/26

The overall score of 63 reflects a company with strong fundamentals that is currently under severe technical pressure. The most significant positive factor is the robust financial performance, particularly the excellent cash flow and improved balance sheet, which provides a foundation of quality. This is heavily offset by the extremely weak technical picture, where the stock is in a deep downtrend with oversold momentum indicators, creating a significant headwind. The attractive dividend yield offers some support, but the primary tension is between a healthy company and a very unhealthy stock chart.

Positive Factors
Revenue and Margin ExpansionThe sharp 2025 revenue acceleration, alongside stronger gross and operating margins, indicates improved scale and operating execution. If retained, this combination can strengthen earnings capacity, support reinvestment in aerospace services, and improve resilience across the next several quarters.
Negative Factors
Substantial Absolute DebtAlthough leverage has improved, the remaining debt balance is still substantial and leaves the company exposed to funding-cost changes and business swings. This can constrain capital allocation and increase pressure on cash generation if aerospace demand or operating performance weakens.

Evergreen Aviation Technologies Corporation (2645) vs. SPDR S&P 500 ETF (SPY)

-20%0%20%40%60%80%100%TW:2645+22.18%SPY+13.89%Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26Nov '26
Market Cap
TWD 62.18B
Dividend Yield
3.04%
Average Volume (3M)
1.82M
Price to Earnings (P/E)
21.0
Beta (1Y)
0.85
Revenue Growth
10.42%
EPS Growth
77.82%
Country
TW
Employees
3,221
Sector
General
Sector Strength
55
Industry
Aerospace & Defense

Evergreen Aviation Technologies Corporation Business Overview & Revenue Model

Company Description

Evergreen Aviation Technologies Corporation specializes in providing comprehensive aircraft maintenance solutions to various airline operators, serving both the Taiwanese domestic market and international clients. Its wide range of services includes...

Evergreen Aviation Technologies Corporation Financial Statement Overview

Summary

Financial performance is solid, driven by excellent cash flow generation (Cash Flow Score: 85) and a much-improved balance sheet (Score: 72). Profitability is on a clear upward trend with expanding margins. The primary concern is the sharp deceleration in revenue growth, which tempers the overall financial outlook.

Income Statement

78Positive

Balance Sheet

72Positive

Cash Flow

85Very Positive
Financial statement breakdown
BreakdownTTMDec 2025Dec 2024Dec 2023Dec 2022Dec 2021
Income Statement
Total Revenue19.28B18.18B16.28B14.78B11.85B9.62B
Gross Profit3.95B3.58B3.12B2.64B1.90B1.59B
EBITDA4.72B3.76B3.16B2.68B2.13B2.06B
Net Income2.94B2.04B1.84B1.83B1.58B880.78M
Balance Sheet
Total Assets26.45B23.52B23.00B23.01B21.77B22.45B
Cash, Cash Equivalents and Short-Term Investments5.96B5.32B4.47B5.33B4.24B6.01B
Total Debt7.07B7.32B7.72B8.24B9.30B11.28B
Total Liabilities13.03B9.96B9.76B10.05B10.86B12.72B
Stockholders Equity13.41B13.56B13.24B12.96B10.91B9.73B
Cash Flow
Free Cash Flow2.41B3.01B1.58B1.81B1.08B1.31B
Operating Cash Flow3.00B3.52B1.87B2.06B1.24B1.55B
Investing Cash Flow-510.58M-516.50M63.58M61.13M-187.36M-298.08M
Financing Cash Flow-2.08B-2.16B-2.79B-1.04B-2.82B-2.31B

Evergreen Aviation Technologies Corporation Peers Comparison

Overall Rating

UnderperformOutperform
Sector (55)

Financial Indicators

TW:2645 against its peers
NameOverall RatingMarket CapP/E RatioROEDividend YieldRevenue GrowthEPS Growth
TW:3005TW:300577OutperformTWD 68.39B12.53―6.40%11.11%3.90%
TW:6670TW:667066NeutralTWD 36.80B10.92―5.99%10.09%6.62%
TW:2645TW:264563NeutralTWD 61.43B20.98―3.04%10.42%77.82%
TW:3450TW:345059NeutralTWD 54.19B71.85―0.28%22.40%34.66%
Sector *55Neutral$6.65B3.83-15.92%6.20%10.91%7.18%
TW:7610TW:761054NeutralTWD 70.55B37.74―0.03%――
TW:2634TW:263439UnderperformTWD 51.43B26.01―1.44%3.92%215.52%

* General Sector Average

Performance Comparison

0%1000%2000%TW:2645TW:2634TW:3005TW:3450TW:6670TW:7610Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26Nov '26
TW:2645 and its peers over the selected period
Show on chartTickerCompany NamePriceChange% Change
TW:2645Evergreen Aviation Technologies Corporation164.5028.8921.30%
TW:2634Aerospace Industrial Development Corp.54.105.1110.44%
TW:3005Getac Holdings Corporation106.00-18.00-14.51%
TW:3450Elite Advanced Laser Corporation353.50105.0042.25%
TW:6670Fusheng Precision Co. Ltd.267.0037.0716.12%
TW:7610LIANYOU METALS CO.,LTD.1210.001125.021323.88%
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.

Date of analysis: Nov 09, 2026