Evertz Technologies (ET) AI Stock Analysis

• Market Cap: C$924.05M
• Dividend Yield: 7.14%
• Average Volume (3M): 19.86K
• Price to Earnings (P/E): 15.2
• Beta (1Y): 0.67
• Revenue Growth: 0.34%
• EPS Growth: -3.86%
• Country: CA
• Employees: 1,591
• Sector: Technology
• Sector Strength: 88
• Industry: Communication Equipment
• EPS (TTM): 0.15
• Shares Outstanding: 75,432,600
• 10 Day Avg. Volume: 32,731
• 30 Day Avg. Volume: 19,858
• PEG Ratio: N/A
• Price to Book (P/B): 0.00
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 0.00
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: C$13.65
• Price Target Upside: 11.43% Upside
• Rating Consensus: Strong Buy
• Number of Analyst Covering: 5

• Rating: 79 Outperform
• Price Target: C$14.00 ▲(14.29% Upside)

Evertz Technologies scores well due to its strong financial performance and attractive valuation, supported by a positive earnings call. The technical analysis indicates stable market conditions, contributing to a favorable overall outlook.

Positive Factors

Strong Financial Performance

The increase in hardware revenue and improved gross margins indicate Evertz's ability to capitalize on high-margin products, supporting long-term profitability and competitive positioning in the media technology sector.

Robust Purchase Order Backlog

A strong purchase order backlog suggests sustained demand for Evertz's products, providing revenue visibility and supporting future growth in a competitive industry.

Significant Cash Position

A strong cash position enhances financial flexibility, allowing Evertz to invest in R&D, pursue strategic acquisitions, or weather economic downturns, thereby strengthening its market position.

Negative Factors

Decline in Software and Services Revenue

The decline in software and services revenue may indicate challenges in maintaining growth in this segment, potentially impacting future profitability and market competitiveness.

Decrease in International Revenue

A decrease in international revenue suggests potential difficulties in global market expansion, which could limit Evertz's growth opportunities and expose it to regional market risks.

Increased Selling and Administrative Expenses

Rising selling and administrative expenses can pressure margins, reducing profitability if not offset by revenue growth, potentially impacting Evertz's operational efficiency.

Evertz Technologies Business Overview & Revenue Model

Company Description

Evertz Technologies Limited engages in the design, manufacture, and distribution of video and audio infrastructure solutions for the production, post-production, broadcast, and telecommunications markets in Canada, the United States, and internationally. The company offers contribution encoder, decoder, receiver, processing, and modulation products; and control panels, unified controls, accessories, and network management systems. It also provides encoding, transcoding, and multiplexing products comprising ASI/IP converters, multiplexers, scramblers, and modulators; contribution encoders/decoders; transport stream processors; and software defined accelerated encoding/transcoding/muxing products, as well as audio/data/RF transporters, CWDM/DWDM multiplexors, fiber routers, SONET/SDH transporters, and video transporters. In addition, the company offers infrastructure and conversion products, including audio/data embedder/de-embedder, keyers, media and logo inserters, master control switchers, audio processing, closed captioning, conversion, audio/video delay system, distribution amplifier, and frame synchronizer products; and IP audio/video processing, media gateway, switch routing, timing, and software defined network orchestration products. Further, it provides 3D, auto changeover, film/post graticule generator, master clock/SPG, slave clock, test/reference generator, and timecode products for live media production; EMS media server, mediator content manager, and live integrated playout products; and multi viewers. Additionally, the company offers antennas, demodulators, fiber transporters, routers/switchers, and splitters and distribution amplifiers; and audio, bypass and auto changeover, data/LTC/tally, fiber/RF, magnum unified control, video routers, and panels. It serves content creators, broadcasters, specialty channels, and television service providers. The company was founded in 1966 and is headquartered in Burlington, Canada.

How the Company Makes Money

Evertz Technologies makes money primarily through the sale of its broadcast and media production equipment, software solutions, and related services. The company's revenue streams include direct sales of its hardware products, licensing fees from its software solutions, and ongoing support and maintenance services. Evertz also generates income from custom solutions tailored to specific client needs and from partnerships with major broadcasters and media companies. Its earnings are significantly influenced by the adoption of new technologies in the media industry, such as the shift to IP-based workflows and the increasing demand for high-definition and ultra-high-definition content delivery.

Evertz Technologies Financial Statement Overview

Summary

Evertz Technologies showcases strong profitability and efficient cash flow management, with a solid balance sheet and operational efficiency. However, the slight decline in revenue requires attention for sustained growth.

Income Statement

Evertz Technologies has maintained solid profit margins with a gross profit margin of approximately 59.5% and a net profit margin of 11.8% in 2025. However, the company experienced a slight decline in revenue growth at -2.5% in 2025 compared to the previous year. Their EBIT margin stands at 16.2% and EBITDA margin at 19.8%, indicating efficient operational performance despite the dip in revenue.

Balance Sheet

The company exhibits a healthy balance sheet with a low debt-to-equity ratio of 0.07 in 2025, suggesting robust financial stability. The return on equity remains strong at 22.1%, reflecting efficient use of equity capital. The equity ratio is at 57.1%, indicating a solid equity base compared to total assets.

Cash Flow

Evertz Technologies shows strong cash flow management with a positive operating cash flow to net income ratio of 1.68 in 2025. Although the free cash flow decreased by 32.2% in 2025, the company maintains a healthy free cash flow to net income ratio of 1.54, demonstrating effective cash utilization.

Breakdown	Jun 2025	Jun 2024	Jun 2023	Jun 2022	Jun 2021
Income Statement
Total Revenue	501.62M	514.62M	454.58M	441.02M	342.89M
Gross Profit	298.50M	293.97M	268.26M	255.31M	199.42M
EBITDA	99.56M	110.99M	100.28M	107.10M	62.65M
Net Income	59.39M	70.17M	64.03M	71.75M	41.76M
Balance Sheet
Total Assets	469.49M	484.72M	436.65M	420.98M	451.79M
Cash, Cash Equivalents and Short-Term Investments	111.67M	86.33M	12.47M	33.90M	108.77M
Total Debt	18.87M	23.22M	28.82M	26.85M	25.37M
Total Liabilities	198.19M	218.04M	190.57M	187.33M	156.89M
Stockholders Equity	268.12M	263.27M	243.10M	230.94M	292.73M
Cash Flow
Free Cash Flow	91.68M	135.12M	47.24M	63.20M	91.42M
Operating Cash Flow	99.63M	144.67M	53.81M	68.67M	101.00M
Investing Cash Flow	-6.73M	-2.26M	-17.12M	-4.96M	-18.64M
Financing Cash Flow	-71.43M	-70.21M	-58.02M	-137.52M	-49.38M

Evertz Technologies Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 12.25
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:ET, the sentiment is Positive. The current price of 12.25 is above the 20-day moving average (MA) of 12.03, above the 50-day MA of 11.94, and above the 200-day MA of 11.46, indicating a bullish trend. The MACD of 0.09 indicates Negative momentum. The RSI at 58.55 is Neutral, neither overbought nor oversold. The STOCH value of 44.98 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for TSE:ET.

Evertz Technologies Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
ET	79 Outperform	C$924.05M	15.15	23.51%	7.14%	0.34%	-3.86%
VCM	68 Neutral	255.30M	69.03	0.00%	2.10%	9.13%	-77.24%
BEW	58 Neutral	65.13M	107.69	9.51%	―	37.78%	-48.82%
CMI	46 Neutral	36.76M	-29.29	0.00%	5.75%	-51.54%	-164.01%
QTRH	45 Neutral	132.05M	-4.91	-8.41%	―	3.11%	4.00%
TSAT	43 Neutral	510.43M	-4.75	-15.22%	―	-24.21%	-440.28%
Sector *	61 Neutral	$37.18B	12.37	-10.20%	1.83%	8.50%	-7.62%

Evertz Technologies Corporate Events

Evertz Technologies Reports Q1 2025 Financial Results with Increased Revenue and Earnings

Evertz Technologies reported a slight increase in revenue for the first quarter ended July 31, 2025, with a total of $112.1 million compared to $111.6 million in the previous year. The company saw significant growth in the US and Canada markets, with a 7% increase in revenue, while international sales declined. The company’s gross margin improved to 61.4%, and net earnings rose by 22% to $11.9 million. Evertz also declared a quarterly dividend of $0.20 per share, reflecting its strong financial performance and commitment to returning value to shareholders.

The most recent analyst rating on (TSE:ET) stock is a Buy with a C$13.50 price target. To see the full list of analyst forecasts on Evertz Technologies stock, see the TSE:ET Stock Forecast page.

Evertz Technologies Surpasses Half Billion in Annual Revenue for Fiscal 2025

Evertz Technologies Limited reported its fiscal 2025 results, achieving over half a billion dollars in annual revenue, totaling $501.6 million. The company saw an 18% increase in reoccurring software and services revenue, which now represents 44% of total revenue. Despite a decrease in international sales, the company experienced growth in the Canada/US region, contributing to a net earnings of $59.7 million. The results indicate a strong performance in the North American market, although overall earnings per share decreased compared to the previous year.

The most recent analyst rating on (TSE:ET) stock is a Buy with a C$16.00 price target. To see the full list of analyst forecasts on Evertz Technologies stock, see the TSE:ET Stock Forecast page.