One-glance verdict
Undervalued
$20.16 our estimate vs market $9.48
53% below our estimate, below the bear case
Fundamentals snapshot
Evertz Technologies Limited
EVTZF · PNK · Technology · Communication Equipment
Current price
$9.48
52-week range
$8.41 - $14.72
Market cap
$717.81M
Balance sheet
Healthy
58.26x Strong cushion
Net debt $7.30M. 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 48.5% 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 Limited makes the special equipment that helps broadcasters and TV companies handle video and sound for TV shows and live events. Their main money comes from selling these complex systems to companies that create or send out media content. This matters because their technology is essential for getting high-quality video and audio from where it's made to viewers' screens.
How the company got here
Evertz Technologies Limited started in 1966, evolving from a small operation into a significant player in the media technology world. The company's journey has been marked by a consistent focus on innovation within the broadcast and telecommunications industries. Over the decades, Evertz has adapted to the changing landscape of media production and distribution, building a reputation for reliable and advanced solutions. This long history has allowed them to cultivate deep relationships with broadcasters and content creators worldwide.
What it actually does
Evertz designs and manufactures the complex equipment that makes television and video content flow smoothly from creation to your screen. Think of them as the engineers behind the scenes, building the digital highways and traffic control systems for video and audio. Their products are used by TV stations, production studios, and telecom companies to ensure that live events, movies, and shows are captured, processed, and delivered without interruption. They provide the essential infrastructure that underpins modern media delivery.
Infrastructure Solutions
This is the core of Evertz's business, providing the foundational technology for media operations. They create hardware and software that broadcasters use to manage, route, and process video and audio signals. This includes everything from the equipment that brings live feeds into a studio to the systems that ensure high-quality playback for viewers. This segment is the largest part of Evertz's revenue, forming the backbone of their offerings to content creators and broadcasters.
Software and Services
Beyond physical equipment, Evertz also offers sophisticated software solutions and ongoing services. This includes systems for managing media assets (like organizing vast libraries of video clips), tools for automated content playout (scheduling what airs when), and advanced analytics to understand viewership. This segment represents a growing portion of their income, as companies increasingly rely on smart software to streamline their operations and gain insights from their content.
What management is betting on now
Evertz is focusing on the transition to IP-based (Internet Protocol) workflows, which allows for more flexible and efficient handling of video and audio signals over computer networks. They are also investing in cloud-based solutions and advanced data analytics to help their clients manage and monetize their content more effectively. The company aims to be at the forefront of these technological shifts, providing the next generation of tools for media production and distribution.
Price history
How the share price has moved
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Is it cheap or expensive?
Fair value $20.16 vs current price $9.48
Our most-likely fair value is $20.16 a share — about 112.7% above today's price of $9.48, so the stock currently looks cheap (undervalued).
Is it drowning in debt?
Healthy
Net debt $7.3M. Interest coverage 58.3x.
Net debt
$7.30M
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 $20.59M Interest coverage 58.26x This is the baseline the peer rows are being compared against.
Total debt $54.12M Interest coverage 4.48x -92% vs EVTZF Carries about 13.0x less debt cushion than EVTZF.
Total debt $3.19B Interest coverage 6.81x -88% vs EVTZF Carries about 8.6x less debt cushion than EVTZF.
Total debt $39.21M 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 48.5% 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)
16.93x
Forward P/E
—
P/B
5.18x
P/S
1.38x
EV/EBITDA
7.75x
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
$20.59M
Total cash
$13.30M
Growth
How the business has been compounding
Revenue TTM
$369.40M
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
$53.97M
Free CF TTM
$40.74M
FCF margin
11.0%
Dividend
Shareholder payout
Yield
6.1%
Payout ratio
105.8%
Last ex-div date
2026-09-24