ECOVE Environment Corp AI Stock Analysis
ECOVE Environment Corp (6803) AI Stock Analysis
ECOVE Environment Corp
(TPEx:6803)
ECOVE scores moderately well overall. Fundamentals carry the most weight and are solid: steady revenue and earnings growth, ~19% return on equity and reliable cash conversion, tempered by multi-year gross margin erosion, a doubling of debt (D/E 0.72) and a sharp fall in operating and free cash flow that thins debt coverage. Valuation adds meaningful support, with a low 13.8x P/E and a 6.24% dividend yield in a low-volatility stock. The main drag is price action: shares sit below all key moving averages with a negative MACD, signalling a sustained downtrend, though deeply oversold momentum readings suggest the selling may be stretched. No earnings call or corporate event data was available, so those factors were excluded.
ECOVE Environment Corp (6803) vs. SPDR S&P 500 ETF (SPY)
- Market Cap
- TWD 18.60B
- Dividend Yield
- 6.20%
- Average Volume (3M)
- 67.09K
- Price to Earnings (P/E)
- 13.7
- Beta (1Y)
- 0.12
- Revenue Growth
- 1.48%
- EPS Growth
- 3.15%
- Country
- TW
- Employees
- 1,078
- Sector
- General
- Sector Strength
- 55
- Industry
- Waste Management
ECOVE Environment Corp Business Overview & Revenue Model
Company Description
ECOVE Environment Corp., established in Taipei, Taiwan, in 1994, and previously known as KD Holding Corp., functions as a subsidiary of CTCI Corporation. The company delivers comprehensive engineering and environmental solutions to both governmental...
ECOVE Environment Corp Financial Statement Overview
Summary
ECOVE combines six consecutive years of revenue and profit growth (revenue NT$5.64bn in 2020 to NT$9.66bn in 2025, net income NT$1.34bn) with healthy double-digit margins and a strong ~18.9% return on equity. Offsetting this, gross margin has compressed every year since 2020 (24.7% to 19.3%), total debt more than doubled to NT$5.10bn (debt/equity 0.72), and operating cash flow fell to NT$999m from NT$1.75bn, cutting debt coverage from 65% to about 19%. Free cash flow conversion of ~84% of net income still confirms good earnings quality, but the leverage and cash-flow trend is the clear watch item.
Income Statement
78PositiveBalance Sheet
70PositiveCash Flow
62Positive| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 9.69B | 9.66B | 8.53B | 7.63B | 7.03B | 5.96B |
| Gross Profit | 1.83B | 1.86B | 1.73B | 1.62B | 1.59B | 1.44B |
| EBITDA | 2.31B | 2.39B | 2.24B | 2.11B | 1.91B | 1.65B |
| Net Income | 1.35B | 1.34B | 1.26B | 1.16B | 1.05B | 910.82M |
Balance Sheet | ||||||
| Total Assets | 18.10B | 16.81B | 13.35B | 13.08B | 13.29B | 12.28B |
| Cash, Cash Equivalents and Short-Term Investments | 2.84B | 2.99B | 3.00B | 3.10B | 3.39B | 2.86B |
| Total Debt | 4.85B | 5.10B | 2.37B | 2.30B | 2.67B | 2.85B |
| Total Liabilities | 10.51B | 9.10B | 5.95B | 6.27B | 6.86B | 6.39B |
| Stockholders Equity | 6.85B | 7.08B | 6.74B | 6.32B | 5.93B | 5.46B |
Cash Flow | ||||||
| Free Cash Flow | 397.41M | 836.38M | 1.55B | 1.95B | 1.62B | 1.97B |
| Operating Cash Flow | 733.13M | 999.39M | 1.75B | 2.24B | 2.04B | 2.01B |
| Investing Cash Flow | -244.63M | -2.19B | -406.86M | -559.12M | -857.03M | -1.14B |
| Financing Cash Flow | -429.41M | 1.63B | -999.01M | -1.63B | -790.42M | -188.78M |
ECOVE Environment Corp Peers Comparison
Overall Rating
TW:993069Neutral- TW:680367Neutral
TW:254357Neutral
TW:251541Neutral
TW:644333Underperform
Financial Indicators
| Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
| TW:9930 | 69Neutral | TWD 14.27B | 13.27 | ― | 6.97% | -2.13% | -14.04% |
| TW:6803 | 67Neutral | TWD 18.26B | 13.74 | ― | 6.20% | 1.48% | 3.15% |
| TW:2543 | 57Neutral | TWD 15.06B | 10.89 | ― | 5.01% | 30.85% | -14.12% |
| Sector * | 55Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% |
| TW:2515 | 41Neutral | TWD 18.32B | 22.48 | ― | ― | 1.46% | 4.78% |
| TW:6443 | 33Underperform | TWD 14.38B | -4.48 | ― | ― | -54.72% | -212.42% |
* General Sector Average
Performance Comparison
| Show on chart | Ticker | Company Name | Price | Change | % Change |
|---|---|---|---|---|---|
| TW:6803 | ECOVE Environment Corp | 254.50 | -25.44 | -9.09% | |
| TW:2515 | BES Engineering Corp. | 10.50 | -5.21 | -33.17% | |
| TW:2543 | Hwang Chang General Contractor Co., Ltd. | 30.50 | -28.92 | -48.67% | |
| TW:6443 | TSEC Corporation | 27.60 | 14.20 | 105.97% | |
| TW:7786 | Dong Fang Offshore Co., Ltd. | 108.00 | -67.47 | -38.45% | |
| TW:9930 | CHC Resources Corporation | 57.40 | -9.08 | -13.65% |
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