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Evertz Technologies (TSE:ET)
TSX:ET
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Evertz Technologies (ET) AI Stock Analysis

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TSE:ET

Evertz Technologies

(TSX:ET)

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Neutral 65 (OpenAI - Gpt-5.6Sol)
Rating:65Neutral
Price Target:
C$14.50
▼(-7.70% Downside)
Action:Reiterated
Date:09/17/26
Overall score reflects solid fundamentals (profitability and low leverage) and supportive valuation (moderate P/E and very high dividend yield), partially offset by sharply weaker recent cash generation/liquidity and clearly bearish technicals with the stock trading below key moving averages.
Positive Factors
Software and Services Growth
Rapid software and services growth is improving the mix toward solutions and support agreements rather than hardware alone. A larger recurring or repeat-use component can deepen customer integration, support revenue durability, and reduce dependence on individual equipment projects over time.
Negative Factors
Weaker Cash Conversion
Cash generation has weakened materially relative to reported earnings, and the sharp reduction in net cash leaves less immediate financial flexibility. If working-capital demands remain elevated, the company may have less capacity to fund investment, dividends, or unexpected operating needs internally.
Read all positive and negative factors
Positive Factors
Negative Factors
Software and Services Growth
Rapid software and services growth is improving the mix toward solutions and support agreements rather than hardware alone. A larger recurring or repeat-use component can deepen customer integration, support revenue durability, and reduce dependence on individual equipment projects over time.
Read all positive factors

Evertz Technologies (ET) vs. iShares MSCI Canada ETF (EWC)

Evertz Technologies Business Overview & Revenue Model

Company Description
Evertz Technologies Limited develops, manufactures, and distributes advanced video and audio infrastructure solutions globally. These offerings serve the demanding requirements of the production, post-production, broadcasting, and telecommunicatio...
How the Company Makes Money
Evertz primarily makes money by selling its proprietary hardware and software solutions used in professional video/audio and IP media workflows, and by providing related services and ongoing support. Key revenue streams typically include: (1) Prod...

Evertz Technologies Earnings Call Summary

Earnings Call Date:Sep 14, 2026
(Q1-2027)
|
% Change Since: |
Next Earnings Date:Dec 02, 2026
Earnings Call Sentiment Positive
The call was predominantly positive. Revenue increased 5.5%, software and services revenue grew 14%, international revenue grew 17.5%, backlog and August shipments exceeded $289 million in total, and management cited strong order intake, product adoption and continued strategic investment. The principal concerns were the year-over-year gross margin decline, substantially lower cash balances due to inventory purchases, supply-chain delays during the quarter, higher stock compensation expense and a foreign exchange loss. Management nevertheless stated that margins were within target, supply constraints were not currently limiting shipments, tariffs were not materially affecting results, and it remained pleased with the quarter's performance.
Positive Updates
Revenue Growth and Technology-Driven Demand
First-quarter sales totaled $118.3 million, up 5.5% from $112 million in the prior-year quarter. Management attributed the strong financial performance and combined shipments and purchase order backlog to channel and video services proliferation, increasing global demand for high-quality video, the transition to IP, IT and cloud-based architectures, and growing adoption of Evertz IP-based software-defined video networking and cloud solutions.
Negative Updates
Gross Margin Decline
Gross margin decreased to 58.6% from 61.4% in the prior-year quarter, although management stated that the current-quarter result remained within its target range.
Read all updates
Q1-2027 Updates
Negative
Revenue Growth and Technology-Driven Demand
First-quarter sales totaled $118.3 million, up 5.5% from $112 million in the prior-year quarter. Management attributed the strong financial performance and combined shipments and purchase order backlog to channel and video services proliferation, increasing global demand for high-quality video, the transition to IP, IT and cloud-based architectures, and growing adoption of Evertz IP-based software-defined video networking and cloud solutions.
Read all positive updates
Company Guidance
Management said gross margins were “within our target range,” that component costs were “not affecting our margins at the moment,” and “we don't forecast a decrease at this time”; tariffs are “not materially impacting us” and are “not materially” expected to affect margin structure or U.S. growth, while AI-embedded software costs are “relatively negligible” and do not change the “margin profile.”

Evertz Technologies Financial Statement Overview

Summary
Strong profitability and a conservatively financed balance sheet (high gross margin, positive EBIT margin, low debt-to-equity, strong ROE) support the score, but it is held back by a material deterioration in operating/free cash flow and weaker cash conversion versus prior years.
Income Statement
74
Positive
Balance Sheet
82
Very Positive
Cash Flow
52
Neutral
BreakdownTTMApr 2026Apr 2025Apr 2024Apr 2023Apr 2022
Income Statement
Total Revenue521.89M515.78M501.62M514.62M454.58M441.02M
Gross Profit301.40M305.99M298.50M302.44M268.26M255.31M
EBITDA95.79M104.57M99.56M114.12M100.28M107.10M
Net Income59.88M63.97M59.39M70.17M64.03M71.75M
Balance Sheet
Total Assets443.62M424.99M469.49M484.72M436.65M420.98M
Cash, Cash Equivalents and Short-Term Investments18.78M19.12M111.67M86.33M12.47M33.90M
Total Debt29.09M13.74M18.87M23.22M28.82M26.85M
Total Liabilities245.58M223.71M198.19M218.04M190.57M187.33M
Stockholders Equity194.70M198.17M268.12M263.27M243.10M230.94M
Cash Flow
Free Cash Flow23.29M57.55M91.68M135.12M47.24M63.20M
Operating Cash Flow42.44M76.25M99.63M144.67M53.81M68.67M
Investing Cash Flow-19.42M-17.83M-6.73M-2.26M-17.12M-4.96M
Financing Cash Flow-126.27M-147.13M-71.43M-70.21M-58.02M-137.52M

Evertz Technologies Technical Analysis

Technical Analysis Sentiment
Positive
Last Price15.71
Price Trends
50DMA
13.23
Positive
100DMA
13.98
Negative
200DMA
13.41
Positive
Market Momentum
MACD
0.15
Negative
RSI
64.48
Neutral
STOCH
85.58
Negative
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 15.71 is above the 20-day moving average (MA) of 12.74, above the 50-day MA of 13.23, and above the 200-day MA of 13.41, indicating a bullish trend. The MACD of 0.15 indicates Negative momentum. The RSI at 64.48 is Neutral, neither overbought nor oversold. The STOCH value of 85.58 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for TSE:ET.

Evertz Technologies Peers Comparison

Overall Rating
UnderperformOutperform
Sector (61)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
67
Neutral
C$326.30M100.751.49%1.64%5.15%―
65
Neutral
C$1.00B17.1527.94%13.43%3.94%-2.30%
63
Neutral
C$68.33M33.3314.53%―10.20%223.08%
61
Neutral
$37.18B12.37-10.20%1.83%8.50%-7.62%
53
Neutral
C$338.52M-4.73-56.86%3.45%2.65%-154.00%
51
Neutral
C$877.01M-2.39-76.45%―-26.09%-240.46%
43
Neutral
C$36.34M-92.39-1.69%4.17%-26.68%-92.00%
* Technology Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
TSE:ET
Evertz Technologies
13.58
5.13
60.69%
TSE:QTRH
Quarterhill
2.75
1.68
157.01%
TSE:BEW
BeWhere Holdings
0.70
0.00
0.00%
TSE:CMI
C-Com Satellite Systems
0.86
-0.06
-6.52%
TSE:VCM
Vecima Networks
13.50
3.68
37.49%
TSE:TSAT
Telesat Corp
56.76
13.43
30.99%

Evertz Technologies Corporate Events

Business Operations and StrategyExecutive/Board ChangesShareholder Meetings
Evertz Shareholders Back Board Slate and Auditor at 2026 AGM
Positive
Oct 7, 2026
Evertz Technologies reported the results of its 2026 annual general meeting of shareholders held in Burlington, Ontario, where all seven management-nominated directors were elected to the board with strong majority support. The voting results show...
Financial Disclosures
Evertz Technologies Sets Date for Q1 2027 Earnings Release and Call
Neutral
Sep 4, 2026
Evertz Technologies Limited, a TSX-listed provider of video and audio infrastructure solutions, supplies hardware and software that underpin complex broadcast and media workflows across television, telecoms, professional AV, education, government,...
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: Sep 17, 2026