One-glance verdict
Undervalued
$17.68 our estimate vs market $9.11
48% below our estimate, below the bear case
Fundamentals snapshot
Evertz Technologies Limited
EVTZF · PNK · Technology · Communication Equipment
Current price
$9.11
52-week range
$8.65 - $14.72
Market cap
$689.79M
Balance sheet
Healthy
58.26x Strong cushion
Net debt $7.32M. Interest coverage shows how many times profit covers the interest bill.
What stands out
3 Rewards
2 Risks
3 rewards · 2 risks
- Reward Revenue grew 2.8% last year.
- Reward Returns 26.1% on equity, ahead of 75% of its peers.
- Risk Stock trades 42.7% above its 5-year average P/E.
- Risk Operating margin compressed from 20.6% to 9.7% over 3 years.
What this company does
Evertz Technologies Limited
Evertz Technologies provides the complex behind-the-scenes equipment and software that powers TV networks, live sports broadcasts, and streaming services. The company makes its money by selling these essential tools to media companies, which is important as the industry constantly needs to upgrade for things like internet streaming and higher-quality video.
How the company got here
Evertz began its journey in 1966, originally creating specialized equipment for the film industry, like tools for captioning. A major turning point came in 1997 when a new team took over and reshaped the company. To grow, it has since acquired (bought) several other companies with specific technologies, like those for routing video signals, managing media, and even a famous brand in audio equipment called Studer. This strategy of buying other companies has helped it become a comprehensive provider for the broadcast industry.
What it actually does
Think about a live sports broadcast: Evertz makes the complex behind-the-scenes hardware and software that gets the video and audio from the stadium to your TV or phone. Their equipment handles everything from switching between cameras and showing instant replays to managing the entire workflow for television networks and streaming services. Their customers are the big media companies, sports leagues, and broadcasters who need reliable technology to create and deliver high-quality video content to audiences around the world.
Video and Audio Infrastructure Solutions
This is the company's traditional and largest business, focused on selling physical hardware. It includes a wide range of products like routers that direct video and audio signals, processors that ensure high-quality pictures, and the equipment needed for live production trucks and broadcast studios. Customers make large, one-time purchases for this equipment when they are building or upgrading their facilities. This part of the business is project-based and can be lumpy, meaning sales can vary a lot from one quarter to the next depending on when big projects happen.
Software and Services
This is a newer and rapidly growing part of the company, making up nearly half of its sales. Instead of a one-time hardware sale, this segment focuses on selling software subscriptions and ongoing support services. This includes tools that help media companies manage their content, automate their workflows, and deliver video over the internet (streaming). This creates recurring revenue (predictable income that comes in regularly, like a monthly subscription), which makes the company's financial performance more stable over time.
What management is betting on now
The company's leadership is focused on the industry's big shift away from traditional broadcast cables to systems based on the internet, often called 'IP' or 'cloud-based' workflows. They are heavily investing in software that allows customers to manage their video production more flexibly and remotely. A key goal is to continue growing their recurring revenue from these software and service subscriptions, as it provides a more predictable financial foundation. They are also focused on technology for the next generation of video, such as ultra-high-definition 4K and 8K, to meet the demands of content creators for higher quality.
Price history
How the share price has moved
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Is it cheap or expensive?
Fair value $17.68 vs current price $9.11
Our most-likely fair value is $17.68 a share — about 94.1% above today's price of $9.11, so the stock currently looks cheap (undervalued).
Is it drowning in debt?
Healthy
Net debt $7.3M. Interest coverage 58.3x.
Net debt
$7.32M
Interest coverage
58.26x
Evertz Technologies Limited's profit covers its interest bill about 58.3 times over. which is stronger than most peers shown here.
Healthy
Worse cushion
Baseline
Better cushion
EVTZF
BASELINE
Evertz Technologies Limited
Total debt $20.66M Interest coverage 58.26x This is the baseline the peer rows are being compared against.
Total debt $130.12M Interest coverage 4.48x -92% vs EVTZF Carries about 13.0x less debt cushion than EVTZF.
Total debt $1.34B Interest coverage 6.81x -88% vs EVTZF Carries about 8.6x less debt cushion than EVTZF.
Total debt $41.37M Interest coverage 74.68x +28% vs EVTZF Carries about 1.3x more debt cushion than EVTZF.
What you should know
The case for and against EVTZF
3 Rewards
2 Risks
Rewards
-
Revenue grew 2.8% last year.
-
Returns 26.1% on equity, ahead of 75% of its peers.
-
Free cash flow was positive in 4/10 years.
Risks
-
Stock trades 42.7% above its 5-year average P/E.
-
Operating margin compressed from 20.6% to 9.7% over 3 years.
The numbers
All the key metrics, grouped by purpose
Tap any ? icon to learn what it means.
Valuation
How expensive the stock looks
P/E (TTM)
16.27x
Forward P/E
—
P/B
4.96x
P/S
1.32x
EV/EBITDA
7.45x
PEG ratio
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Profitability
How much profit each dollar creates
Gross margin
58.7%
Operating margin
9.7%
Net margin
11.5%
ROE
26.1%
ROA
11.4%
Health
Liquidity and balance-sheet strength
Debt / equity
0.15x
Current ratio
1.56x
Quick ratio
0.58x
Total debt
$20.66M
Total cash
$13.34M
Growth
How the business has been compounding
Revenue TTM
$370.60M
Revenue 5Y CAGR
4.3%
EPS TTM
0.56
EPS 5Y CAGR
-0.4%
Cash flow
How much cash the business throws off
Operating CF TTM
$54.14M
Free CF TTM
$40.87M
FCF margin
11.0%
Dividend
Shareholder payout
Yield
6.5%
Payout ratio
104.5%
Last ex-div date
2026-09-24