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← CockpitCompetitor Analysis › 6803.TWO ECOVE Environment CorpOpen in the cockpit ↗

ECOVE Environment Corp6803.TWOCompetitor analysis, valuation and peers

Taiwan · TWD·Industrials›Environmental Services
Momentum neutral 58
Mkt cap
$545M
US dollars, full cap
Free float
39%
of shares outstanding
$/day
$698,464
20-day average traded
Fwd P/E
n/m
no positive forecast
ROIC−WACC
+8.3 pp
WACC 5.0%
Hurdle
-16 pp
Req g minus delivered
Next earnings
122 days
8 Mar 2027
Close · TWDNT$253.00
1D-0.4%
1W-2.7%
1M-4.7%
3M-6.8%
6M-12.5%
YTD-14.7%
1Y-11.8%
ATR %0.9%
52w lowhigh19.0% off high

What ECOVE Environment does

Employees: 1,058

ECOVE Environment at a glance

Size ECOVE Environment (6803.TWO) is a Taiwan Industrials company (Environmental Services) with a market value of $545M, the 420th largest of 687 Taiwan companies the cockpit tracks. Shares closed at NT$253.00 on 6 Nov 2026.

Performance Over six months the shares fell 12.5%, against -13.7% for the median peer and -3.4% for the Taiwan market (cap-weighted) — 8th highest of 21 in its peer set.

Growth Revenue grew 5.8% over the last twelve months (peer median -2.1%); the operating margin is 17.7% (peer median 7.0%).

Valuation It trades at 2.1× enterprise value to sales against a peer median of 3.1× (6th cheapest of 21).

Price implies For today's price to make sense, revenue must grow about -5% a year for seven years (Req g). Recent delivered growth is +11%, so the hurdle is -16 pp: the price already allows for a slowdown.

Capital Return on invested capital runs 8.3 points above its cost of capital (5.0% WACC).

Next results Next results expected around 8 Mar 2027 (exchange calendar; dates can move).

Relative performance

809010011 May 202611 Aug 20266 Nov 20266803.TWO 87Peer median 86
Six months, rebased to 100: ECOVE Environment against the median of its 20 peers (local-currency closes).

ECOVE Environment financials

Reported figures in TWD; fiscal year ends 2025-12-31. TTM = trailing twelve months.
TTMFY2025FY2024FY2023FY2022
RevenueNT$9.69BNT$9.66BNT$8.53BNT$7.63BNT$7.03B
Revenue growth—+13%+12%+9%—
Gross profitNT$1.83BNT$1.86BNT$1.73BNT$1.62BNT$1.59B
EBITDANT$2.21BNT$2.22BNT$2.03BNT$1.92BNT$1.85B
Net incomeNT$1.35BNT$1.34BNT$1.26BNT$1.16BNT$1.05B
Free cash flowNT$345MNT$738MNT$1.06BNT$1.44BNT$2.04B
Capital expenditureNT$422MNT$2.16BNT$348MNT$374MNT$1.21B
Total debtNT$4.85BNT$5.10BNT$2.37BNT$2.30BNT$2.93B

Quarterly statements and history in the cockpit →

ECOVE Environment competitor charts

The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.

Performance: 6-month against 1-month return

-40%-20%0%-10%0%+10%6001680005466883706005260895300774300190U9E002973688057SCHP600217301305CAMBIONTMBRBHK6803.TWO6-month return →1-month return →
Up and to the right = strong over both horizons. ECOVE Environment is the large dot.

Fundamentals: revenue growth against valuation

-20%0%+20%2×4×6001680005466883706005260895603817300774300190U9E002973688057SCHP300187600217301305CAMBIONTMBRBHK6803.TWORevenue growth (TTM) →EV / Sales →
Further right = faster growth; higher = more expensive. The dashed lines are the peer medians. ECOVE Environment is the large dot.

Capital: growth delivered against growth the price implies

-20%0%+20%+40%-20%0%20%40%6005260895300190U9E002973688057SCHP600217CAMBIONTMBR0008266803.TWOGrowth delivered (Del g) →Growth the price implies (Req g, 7 yrs) →
Above the diagonal = the price needs more growth than the company has been delivering; below = the price already allows for a slowdown. ECOVE Environment is the large dot.

ECOVE Environment competitors and peer comparison

How ECOVE Environment compares with its peers

Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.

ECOVE Environment against its 20 peers (data as of 6 Nov 2026)
Measure6803.TWOPeer medianRank in peer set
1-month return-4.7%-2.9%10th lowest of 21
6-month return-12.5%-13.7%8th highest of 21
Distance from 52-week high-19.0%-30.2%5th highest of 21
Revenue growth (TTM)+5.8%-2.1%4th highest of 21
Operating margin17.7%7.0%5th highest of 21
EV / Sales2.1×3.1×6th cheapest of 21
Growth the price implies (Req g, 7 yrs)-4.5%-1.4%6th least demanding of 14
Growth delivered (Del g)+11.4%+1.5%5th highest of 14
Hurdle (Req g minus delivered)-15.9 pp+3.5 pp3rd least demanding of 14
ROIC minus cost of capital+8.3 pp-2.9 pp3rd highest of 21
EV / EBITDA9.4×14.1×2nd cheapest of 11
Net debt / EBITDA0.9×6.8×4th least indebted of 12

Peer table

Peer set: Industry: the same industry and sector in any market, nearest in size
CompanyMarketMarket cap6M returnRevenue growthOp. marginEV / SalesReq gDelivered g
ECOVE Environment 6803.TWOTaiwan$545M-12%+6%18%2.1×-4.5%+11.4%
Wuhan Sanzhen Industry 600168.SSChina$539M-13%-3%8%4.4×n/an/a
Jinyuan EP 000546.SZChina$510M-49%+34%-3%0.3×n/an/a
Shanghai Conglin Environmental Protection Technology 688370.SSChina$499M-3%-4%7%4.5×n/an/a
Zhejiang Feida Environmental Science & Technology 600526.SSChina$596M-18%+3%7%1.1×-5.3%+9.5%
Dongjiang Environmental 0895.HKHong Kong$482M-25%+1%-31%2.5×6.3%+0.2%
Fujian Haixia Environmental Protection 603817.SSChina$480M-24%-1%26%3.4×n/an/a
BGT 300774.SZChina$475M-52%+3%4%4.3×n/an/a
WELLE 300190.SZChina$471M-21%-17%-9%2.9×-8.9%-12.5%
China Everbright Water U9E.SISingapore$462M-13%-33%34%4.9×-1.4%-1.7%
QiaoYin City Management 002973.SZChina$661M-14%-12%10%2.5×8.9%+4.9%
Jiangxi JDL Environmental Protection 688057.SSChina$662M+28%-22%-6%9.0×-5.3%-19.8%
Seche Environnement SCHP.PAFrance$689M-7%+2%6%1.2×4.8%+13.3%
Yonker Environmental Protection 300187.SZChina$428M-22%+5%11%4.7×9.0%+1.5%
China Resources and Environment 600217.SSChina$719M-24%-19%-8%2.0×-13.6%-2.2%
Shenzhen Lions King Hi-Tech 301305.SZChina$758M-22%+19%18%2.9×n/an/a
Cambi CAMBI.OLNorway$390M+7%-9%11%3.4×0.1%+23.8%
Onterris ONTUnited States$770M-1%-1%1%1.5×44.1%+20.4%
Mo-BRUK MBR.WAPoland$365M+15%+29%35%4.2×-6.8%+12.4%
Tus Environmental Science & Technology Development 000826.SZChina$364M-13%-13%-38%2.9×-2.7%-11.7%
SIIC Environment BHK.SISingapore$327M-10%-8%23%3.9×n/an/a

Questions

Which companies are ECOVE Environment's closest peers?
The cockpit's peer set: Wuhan Sanzhen Industry (600168.SS), Jinyuan EP (000546.SZ), Shanghai Conglin Environmental Protection Technology (688370.SS), Zhejiang Feida Environmental Science & Technology (600526.SS), Dongjiang Environmental (0895.HK), Fujian Haixia Environmental Protection (603817.SS), BGT (300774.SZ), WELLE (300190.SZ).
Is ECOVE Environment expensive compared with its peers?
On ev / sales it trades at 2.1× against a peer median of 3.1×, 6th cheapest of 21 in its peer set. For today's price to make sense, revenue must grow about -5% a year for seven years (Req g). Recent delivered growth is +11%, so the hurdle is -16 pp: the price already allows for a slowdown.
How has ECOVE Environment stock performed?
Over six months to 6 Nov 2026 the shares returned -12.5% against -13.7% for the median peer; over one year -11.8%.

How these numbers are made. Returns are close-to-close in local currency. Revenue growth and margins are trailing twelve months. Req g is the revenue growth that today's enterprise value requires for seven years at the company's own cost of capital; Delivered g is what it actually grew; the gap is the hurdle (honest precision about ±8 points, so read the ranking more than the decimal). No fair values, price targets or analyst ratings are shown, by design. Method and validation.