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EverGen Infrastructure Corp. (EVGN) AI Stock Analysis
EverGen Infrastructure Corp.
(TSXV:EVGN)
The overall score is constrained by weak financials and poor valuation. The company is unprofitable with negative free cash flow and no dividend, which are significant risks. However, strong bullish technical momentum and early signs of a financial turnaround, such as positive revenue growth and operating cash flow, provide a counterbalance.
EverGen Infrastructure Corp. (EVGN) vs. iShares MSCI Canada ETF (EWC)
- Market Cap
- CAD 19.95M
- Dividend Yield
- ―
- Average Volume (3M)
- 38.72K
- Price to Earnings (P/E)
- -7.0
- Beta (1Y)
- 0.60
- Revenue Growth
- 26.10%
- EPS Growth
- 91.04%
- Country
- Canada
- Employees
- 35
- Sector
- General
- Sector Strength
- 55
- Industry
- Waste Management
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 of r...
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 natural...
EverGen Infrastructure Corp. Earnings Call Summary
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.
Q3-2024 Updates
Positive Updates
Negative 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
Financial performance is weak but showing early signs of a turnaround. TTM revenue growth of 15.9% and positive gross margins are encouraging, but deeply negative net margins and persistent free cash flow burn highlight significant risk. The balance sheet is manageable but shows rising leverage.
Income Statement
18Very NegativeBalance Sheet
42NeutralCash Flow
25Negative| 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 | -1.05M | 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
Price Trends
Market Momentum
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 0.79 is above the 20-day moving average (MA) of 0.71, above the 50-day MA of 0.60, and above the 200-day MA of 0.47, indicating a bullish trend. The MACD of 0.06 indicates Negative momentum. The RSI at 62.10 is Neutral, neither overbought nor oversold. The STOCH value of 64.74 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
Overall Rating
TSE:HWO67Neutral
TSE:ALA65Neutral
TSE:SPB58.6Neutral
TSE:WRG55Neutral- TSE:EVGN52Neutral
TSE:BIPC41Neutral
Financial Indicators
| Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
| TSE:HWO | 67Neutral | CAD 15.55M | 9.75 | 7.22% | ― | 19.80% | -93.88% |
| TSE:ALA | 65Neutral | CAD 17.32B | 28.04 | 6.83% | 2.37% | 17.77% | -20.42% |
| TSE:SPB | 59Neutral | CAD 1.48B | -123.57 | -0.41% | 2.61% | -6.92% | -112.94% |
| Sector * | 55Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% |
| TSE:WRG | 55Neutral | CAD 135.41M | -6.45 | -7.93% | ― | -4.11% | -205.97% |
| TSE:EVGN | 52Neutral | CAD 19.95M | -7.01 | -6.19% | ― | 26.10% | 91.04% |
| TSE:BIPC | 41Neutral | CAD 7.13B | -13.34 | 25.58% | 4.73% | 0.27% | 69.31% |
* General Sector Average
Performance Comparison
| Show on chart | Ticker | Company Name | Price | Change | % Change |
|---|---|---|---|---|---|
| TSE:EVGN | EverGen Infrastructure Corp. | 0.77 | 0.28 | 57.14% | |
| TSE:ALA | AltaGas Ltd. | 55.52 | 16.32 | 41.64% | |
| TSE:SPB | Superior Plus | 6.89 | -0.84 | -10.89% | |
| TSE:WRG | Western Energy Services | 4.00 | 1.83 | 84.33% | |
| TSE:HWO | High Arctic Energy | 1.23 | 0.40 | 47.59% | |
| TSE:BIPC | Brookfield Infrastructure Corporation | 52.34 | -9.72 | -15.66% |
EverGen Infrastructure Corp. Corporate Events
EverGen Posts Record RNG Output and Strong Revenue Growth in Q2 2026
PositiveEverGen 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 Valley...
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: Oct 22, 2026