Want to see TSE:EVGN full AI Analyst Report?
Top Page
EverGen Infrastructure Corp.
(EVGN)
Select Model
Select Model
Rating:54Neutral
Price Target:
C$0.55
▲(2.04% Upside)
Action:Reiterated
Date:08/28/26
The score is held back primarily by weak financial quality—ongoing losses and negative free cash flow despite improving margins and operating cash flow. Technicals are a key positive, with the stock trending above major moving averages and showing positive momentum. Valuation is a headwind because the negative P/E reflects continued unprofitability and there is no dividend yield provided.
Positive Factors
Revenue Growth
Strong TTM revenue growth indicates expanding demand for EverGen’s RNG and organic waste-processing activities. Sustained growth can improve asset utilization and provide a broader base for fixed-cost absorption as facilities scale.
Negative Factors
Persistent Net Losses
Deep net and operating losses show that revenue growth has not yet translated into sustainable profitability. Continued losses could constrain reinvestment, weaken equity returns, and increase dependence on financing or asset-level support.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue Growth
Strong TTM revenue growth indicates expanding demand for EverGen’s RNG and organic waste-processing activities. Sustained growth can improve asset utilization and provide a broader base for fixed-cost absorption as facilities scale.
Read all positive factors
EverGen Infrastructure Corp. (EVGN) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$12.68M
Dividend YieldN/A
Average Volume (3M)58.46K
Price to Earnings (P/E)―
Beta (1Y)0.62
Revenue Growth26.10%
EPS Growth91.04%
CountryCA
Employees35
SectorGeneral
Sector StrengthN/A
IndustryWaste Management
Share Statistics
EPS (TTM)-0.11
Shares Outstanding25,879,000
10 Day Avg. Volume118,375
30 Day Avg. Volume58,458
Financial Highlights & Ratios
PEG Ratio0.02
Price to Book (P/B)0.17
Price to Sales (P/S)0.59
P/FCF Ratio-1.60
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)-0.01
Revenue Forecast (FY)C$14.10M
EverGen Infrastructure Corp. Business Overview & Revenue Model
Company Description
EverGen Infrastructure Corp., established in 2020 and headquartered in Vancouver, Canada, specializes in the full lifecycle of sustainable infrastructure. The company focuses on procuring, developing, building, possessing, and managing a variety o...
How the Company Makes Money
EverGen makes money primarily by producing and selling renewable natural gas (RNG) generated from organic waste processed at its waste-to-energy/anaerobic digestion facilities. Revenue is generally driven by (1) sales of RNG (biomethane) into natu...
EverGen Infrastructure Corp. Earnings Call Summary
Earnings Call Date:Nov 20, 2024
(Q3-2024)
| % Change Since: |
Next Earnings Date:Nov 25, 2026
Earnings Call Sentiment Positive
The earnings call highlighted significant revenue growth and success in cost management, alongside advancements in key projects. While there were some challenges related to production and regulatory delays, the overall outlook remains positive with strong growth prospects and strategic advancements.Positive Updates
Significant Revenue Increase
Reported a 57% increase in revenues compared to Q3 2023, driven by increased organic waste volumes and improved pricing.
Negative Updates
RNG Production Decrease at GrowTEC
Quarter-over-quarter decrease in RNG production at GrowTEC due to line restrictions and nomination issues.
Read all updates
Q3-2024 Updates
Positive
Negative
Significant Revenue Increase
Reported a 57% increase in revenues compared to Q3 2023, driven by increased organic waste volumes and improved pricing.
Read all positive updates
Company Guidance
During the EverGen Infrastructure Q3 2024 earnings call, the company reported several significant metrics reflecting its financial performance and strategic progress. Fraser Valley Biogas saw a 15% quarterly increase in RNG production since its expansion, contributing to a 57% rise in revenues compared to Q3 2023. Direct operating costs rose by 18% but were 10% lower than expected, while general and administrative expenses decreased by 36% year-over-year. The adjusted EBITDA increased to $1 million from $382,000 the previous year, although net loss improved by 57%. Looking ahead, EverGen aims to achieve a $13 million EBITDA by advancing major development projects and optimizing operations, with a focus on reaching nameplate capacity at Fraser Valley Biogas and progressing projects like GrowTEC and Pacific Coast Renewables.EverGen Infrastructure Corp. Financial Statement Overview
Summary
Income Statement
38
Negative
Balance Sheet
56
Neutral
Cash Flow
44
Neutral
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 14.44M | 11.75M | 14.23M | 8.44M | 7.46M | 9.56M |
| Gross Profit | 3.73M | 1.26M | 994.00K | -1.46M | -2.49M | 6.79M |
| EBITDA | 3.32M | 171.00K | -11.23M | -1.87M | -1.51M | 770.00K |
| Net Income | -2.57M | -4.53M | -16.73M | -4.42M | -4.10M | -1.95M |
Balance Sheet | ||||||
| Total Assets | 75.11M | 75.46M | 77.70M | 93.53M | 85.96M | 80.61M |
| Cash, Cash Equivalents and Short-Term Investments | 3.70M | 2.21M | 414.00K | 585.00K | 8.85M | 19.60M |
| Total Debt | 26.47M | 26.74M | 26.63M | 24.16M | 11.54M | 9.76M |
| Total Liabilities | 30.69M | 32.24M | 35.70M | 35.95M | 24.57M | 19.24M |
| Stockholders Equity | 42.12M | 40.82M | 39.43M | 55.32M | 58.92M | 61.37M |
Cash Flow | ||||||
| Free Cash Flow | -849.00K | -4.32M | 411.00K | -16.77M | -9.02M | -3.51M |
| Operating Cash Flow | 1.66M | -1.96M | 4.06M | 307.00K | -1.35M | -1.92M |
| Investing Cash Flow | -1.80M | -209.00K | -3.65M | -16.66M | -7.47M | -14.99M |
| Financing Cash Flow | -1.89M | 3.97M | -582.00K | 8.08M | -1.92M | 34.19M |
EverGen Infrastructure Corp. Technical Analysis
Positive
0.54
Price Trends
0.45
Positive
0.43
Positive
0.41
Positive
Market Momentum
<0.01
Negative
66.05
Neutral
64.71
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:EVGN, the sentiment is Positive. The current price of 0.54 is above the 20-day moving average (MA) of 0.47, above the 50-day MA of 0.45, and above the 200-day MA of 0.41, indicating a bullish trend. The MACD of <0.01 indicates Negative momentum. The RSI at 66.05 is Neutral, neither overbought nor oversold. The STOCH value of 64.71 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for TSE:EVGN.
EverGen Infrastructure Corp. Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
66 Neutral | C$16.57B | 26.74 | 7.00% | 2.27% | 8.91% | -24.51% | |
64 Neutral | C$12.06M | 7.80 | 6.04% | ― | 19.80% | -93.88% | |
58 Neutral | C$1.53B | -129.06 | -0.41% | 2.20% | -6.92% | -112.94% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
54 Neutral | C$12.68M | -2.74 | -38.52% | ― | 26.10% | 91.04% | |
51 Neutral | C$110.02M | -4.05 | -9.63% | ― | -10.90% | -349.06% | |
41 Neutral | C$7.46B | -14.01 | 25.58% | 4.16% | 0.27% | 69.31% |
* General Sector Average
TSE:EVGN
EverGen Infrastructure Corp.
0.54
0.12
28.57%
TSE:ALA
AltaGas
52.59
13.01
32.86%
TSE:SPB
Superior Plus
7.15
0.07
0.95%
TSE:WRG
Western Energy Services
3.28
1.23
59.76%
TSE:HWO
High Arctic Energy Services
0.96
0.15
18.52%
TSE:BIPC
Brookfield Infrastructure
54.53
0.83
1.55%
EverGen Infrastructure Corp. Corporate Events
Business Operations and StrategyFinancial Disclosures
EverGen Posts Record RNG Output and Strong Revenue Growth in Q2 2026
Positive
Aug 27, 2026
EverGen Infrastructure Corp., a Canadian independent renewable energy producer, operates a portfolio of renewable natural gas and waste-to-energy projects that convert organic waste into RNG and compost products. With facilities such as Fraser Val...
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.