View Past PerformanceEverGen Infrastructure バランスシートの健全性財務の健全性 基準チェック /26EverGen Infrastructureの総株主資本はCA$44.5M 、総負債はCA$16.8Mで、負債比率は37.8%となります。総資産と総負債はそれぞれCA$75.3MとCA$30.8Mです。主要情報37.81%負債資本比率CA$16.82m負債インタレスト・カバレッジ・レシオn/a現金CA$1.62mエクイティCA$44.49m負債合計CA$30.80m総資産CA$75.29m財務の健全性に関する最新情報分析記事 • Dec 21Is EverGen Infrastructure (CVE:EVGN) Weighed On By Its Debt Load?David Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...すべての更新を表示Recent updatesNew Risk • Jun 04New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 16% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-CA$1.6m free cash flow). Earnings have declined by 37% per year over the past 5 years. Market cap is less than US$10m (CA$11.1m market cap, or US$8.01m). Minor Risk Shareholders have been diluted in the past year (16% increase in shares outstanding).Reported Earnings • May 05Full year 2025 earnings released: CA$0.24 loss per share (vs CA$1.20 loss in FY 2024)Full year 2025 results: CA$0.24 loss per share (improved from CA$1.20 loss in FY 2024). Revenue: CA$11.7m (down 17% from FY 2024). Net loss: CA$4.53m (loss narrowed 73% from FY 2024). Revenue is forecast to grow 19% p.a. on average during the next 2 years, compared to a 7.0% growth forecast for the Gas Utilities industry in North America. Over the last 3 years on average, earnings per share has fallen by 41% per year but the company’s share price has fallen by 49% per year, which means it is performing significantly worse than earnings.分析記事 • Dec 21Is EverGen Infrastructure (CVE:EVGN) Weighed On By Its Debt Load?David Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...Reported Earnings • Nov 23Third quarter 2025 earnings released: CA$0.046 loss per share (vs CA$0.024 loss in 3Q 2024)Third quarter 2025 results: CA$0.046 loss per share (further deteriorated from CA$0.024 loss in 3Q 2024). Revenue: CA$2.81m (down 22% from 3Q 2024). Net loss: CA$1.04m (loss widened 213% from 3Q 2024). Revenue is forecast to grow 36% p.a. on average during the next 2 years, compared to a 5.1% growth forecast for the Gas Utilities industry in North America. Over the last 3 years on average, earnings per share has fallen by 57% per year but the company’s share price has only fallen by 40% per year, which means it has not declined as severely as earnings.お知らせ • Oct 14EverGen Infrastructure Corp., Annual General Meeting, Dec 11, 2025EverGen Infrastructure Corp., Annual General Meeting, Dec 11, 2025.お知らせ • Sep 27EverGen Infrastructure Corp. Provides Operations and Development UpdatesEverGen Infrastructure Corp. provided an update on operations across its renewable natural gas ("RNG") and organic waste processing facilities. During July and August 2025, EverGen's Fraser Valley Biogas ("FVB") and GrowTEC facilities produced approximately 16,000 gigajoules ("GJs") (520 GJ/d) in July and more than 17,000 GJs (550 GJ/d) in August. These results highlight continued momentum at EverGen's core RNG assets and demonstrate the stability and scalability of the platform. At EverGen's organic waste processing facilities, Pacific Coast Renewables ("PCR") and Sea to Sky Soils ("SSS"), team concentrated on optimization initiatives focused on screening finished compost and reducing inventory. In July, the PCR RNG Expansion project achieved a key regulatory milestone with support from Abbotsford City Council. In addition, PCR entered into a termination agreement with the City of Coquitlam, terminating a legacy organics processing contract from 2019, under which no volumes were received in Second Quarter 2025. These initiatives, alongside a refreshed management team and targeted turnaround activities, are positioning the business to attract higher-value organic feedstock, with process improvements and RNG expansion expected to support increased revenue in 2026 and long-term profitability. EverGen remains committed to optimizing its RNG and organics processing platform, delivering strong operational performance while driving sustainable growth.Price Target Changed • Aug 26Price target decreased by 10.0% to CA$2.25Down from CA$2.50, the current price target is an average from 2 analysts. New target price is 463% above last closing price of CA$0.40. Stock is down 82% over the past year. The company is forecast to post a net loss per share of CA$0.12 next year compared to a net loss per share of CA$1.20 last year.Reported Earnings • Aug 24Second quarter 2025 earnings released: CA$0.10 loss per share (vs CA$0.053 loss in 2Q 2024)Second quarter 2025 results: CA$0.10 loss per share (further deteriorated from CA$0.053 loss in 2Q 2024). Revenue: CA$2.78m (down 34% from 2Q 2024). Net loss: CA$1.84m (loss widened 149% from 2Q 2024). Revenue is forecast to grow 26% p.a. on average during the next 2 years, compared to a 7.0% growth forecast for the Gas Utilities industry in North America. Over the last 3 years on average, earnings per share has fallen by 62% per year but the company’s share price has only fallen by 48% per year, which means it has not declined as severely as earnings.お知らせ • Aug 20EverGen Infrastructure Corp. to Report Q2, 2025 Results on Aug 21, 2025EverGen Infrastructure Corp. announced that they will report Q2, 2025 results After-Market on Aug 21, 2025New Risk • Jul 14New major risk - Revenue and earnings growthEarnings have declined by 46% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (21% average weekly change). Earnings have declined by 46% per year over the past 5 years. Shareholders have been substantially diluted in the past year (60% increase in shares outstanding). Market cap is less than US$10m (CA$10.8m market cap, or US$7.87m).お知らせ • Jun 27EverGen Infrastructure Corp. Announces Chief Financial Officer Changes, Effective June 27, 2025EverGen Infrastructure Corp. announced the appointment of Maria O’Sullivan as its Interim Chief Financial Officer ("CFO"), effective immediately. Ms. O'Sullivan will replace Sean Hennessy who has resigned from his role as of the same day. Maria is a Chartered Accountant with over 12 years of finance and accounting experience, primarily within in the energy and infrastructure industries. Maria obtained her Chartered Accountant designation at KPMG Ireland, before relocating to Canada. She is experienced with financial reporting for public companies under both IFRS and US GAAP, on both the New York Stock Exchange and the Toronto Stock Exchange. Maria holds a Bachelor of Commerce and French from the University of Galway and a Master of Accounting from University College Dublin.New Risk • May 24New major risk - Shareholder dilutionThe company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 61% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (20% average weekly change). Shareholders have been substantially diluted in the past year (61% increase in shares outstanding). Market cap is less than US$10m (CA$10.1m market cap, or US$7.34m). Minor Risk Currently unprofitable and not forecast to become profitable over next 2 years (CA$400k net loss in 2 years).Reported Earnings • May 07Full year 2024 earnings releasedFull year 2024 results: Net income: (up CA$4.42m from FY 2023). Over the last 3 years on average, earnings per share has fallen by 29% per year but the company’s share price has fallen by 42% per year, which means it is performing significantly worse than earnings.New Risk • May 06New major risk - Revenue and earnings growthEarnings have declined by 18% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (19% average weekly change). Earnings have declined by 18% per year over the past 5 years. Market cap is less than US$10m (CA$8.29m market cap, or US$6.02m). Minor Risk Currently unprofitable and not forecast to become profitable next year (CA$2.5m net loss next year).Board Change • Apr 29Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 5 experienced directors. No highly experienced directors. Independent Director Cain Ozturgut was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.お知らせ • Apr 25+ 1 more updateEverGen Infrastructure Corp. Announces Board and Executive AppointmentsEverGen Infrastructure Corp. announced that The new management team and board brings unparalleled knowledge of the Company and its assets, a focused strategy dedicated to improving operational efficiencies and cost structure, and a long-term vision to continue to grow EverGen into a highly strategic and valuable infrastructure platform. Chase Edgelow (Director): Brings a direct hands-on approach as co-founder and former CEO of EverGen, along with 20 years of financial and operational expertise in the energy and infrastructure sectors. He is the founding partner of Chase Capital, a private capital platform dedicated to investing in, advising and growing businesses with a focus on the circular economy and energy transition. He spent over a decade with Macquarie Group specializing in sourcing, structuring and managing private energy and infrastructure investments on behalf of Macquarie and other co-investment partners, in addition to providing traditional M&A, capital raising and advisory services for corporate clients. Holds a degree in Engineering Physics from Queens University and is a Chartered Financial Analyst (CFA) charterholder and Professional Engineer of Alberta (non-practising). Ron Green (Chief Operating Officer): An accomplished leader with over 30 years of experience in the energy & infrastructure sectors, specializing in operational excellence and team development. Proven track record of driving success in turnaround situations, with expertise in optimizing operations and aligning strategic incentives. Throughout his career, Mr. Green has held key executive roles, including CEO of Promeita Energy, Vice President of Rockwater Energy Solutions, Chief Operating Officer of Pure Energy Services Ltd., and Executive Vice President of Delaney Energy. In addition to his executive leadership roles, Mr. Green is a founding board member of Beyond Energy Services & Technology Corp, which he has guided from a start-up to a >$100m revenue business. He is a graduate of Queens Universitys Executive Program and Northern Alberta Institute of Technology. With extensive experience in operational leadership and people management, he is a trusted expert in driving sustainable growth and value creation. Varun Anand (Director): Varun serves as the Outsourced Chief Investment Officer and representative of ASK America LLC. He brings over a decade of global investment experience across public and private markets, with a strong track record of identifying and executing high-quality infrastructure opportunities. An award-winning portfolio manager, Varun has developed particular expertise in the renewable energy sector, having invested extensively in both Canadian and international renewable energy assets. During his tenure at Starlight Capital, he led the investment in the Companys IPO in 2021 and built one of its largest shareholder positions by 2022. Varun holds a Bachelor of Mathematics with a Finance specialization from the University of Waterloo and is a Chartered Financial Analyst (CFA). Blake Almond (Director): Blake has 17 years of experience in M&A and private & public capital markets including 8 years focused on organics, bioenergy and other circular economy infrastructure assets. He spent 10 years with Macquarie Capital in Sydney where he executed M&A and public & private capital markets deals in bioenergy and natural resources. today he leads the financial advisory business Circ Partners where he advises global infrastructure private equity funds and industrial sponsor clients on circular economy infrastructure investments. Notably, while at Macquarie Capital, Blake advised on cross-border M&A transactions between Canada and Australia including Viterra Inc. on the A$1.6 billion acquisition of ABB Grain Ltd. and Eldorado Gold Corporation on the A$2.1 billion acquisition of Sino Gold Mining Limited. Blake is a Member of the Australian Organics Recycling Association (AORA) and the Waste Management and Resource Recovery Association of Australia (WMRR). Mischa Zajtmann (Director): Mischa has 15 years of experience providing consulting and executive management expertise for Canadian and American listed companies in the resource sector with projects in South America, Africa, and Asia. He is a co-founder of EverGen. Mischa was a corporate securities lawyer who began his career at Blake, Cassels & Graydon LLP, focused primarily on corporate securities transactions, including M&A and corporate finance. He has advised both purchasers and target companies in a wide variety of M&A transactionsincluding issuers listed on the Toronto Stock Exchange and TSX Venture Exchange and underwriters, in connection with public offerings and private placements of equity securities, regulatory compliance, and general corporate and commercial matters. Mischa has a Juris Doctor Degree from the University of Saskatchewan Law School and is a member of the British Columbia Bar.New Risk • Apr 24New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Canadian stocks, typically moving 18% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (18% average weekly change). Market cap is less than US$10m (CA$9.84m market cap, or US$7.09m). Minor Risk Currently unprofitable and not forecast to become profitable over next 2 years (CA$941k net loss in 2 years).お知らせ • Apr 23EverGen Infrastructure Corp. announced that it expects to receive CAD 7 million in funding from Ask America Llc and other investorsEverGen Infrastructure Corp. announced a private placement of up to 11,666,667 common shares at a price of CAD 0.60 per share for the gross proceeds of CAD 7,000,000.2 on April 22, 2025. The transaction will include participation from lead investor, Ask America Llc for 8,333,333 shares for CAD 5,000,000 and other investor. The Common Shares issued pursuant to the Private Placement will be subject to a four month hold period. The completion of the Private Placement and the Change of Management is expected to occur in early May 2025. The transaction is is subject to approval of the TSX Venture Exchange. The company issued 3,000,000 shares at a price of CAD 0.6 per share for the gross proceeds of CAD 1,800,000 to Ask America Llc in its first tranche closing.新しいナラティブ • Apr 18RNG Production And Renewables Projects Will Exceed Capacity In 2025 Increasing RNG production and major project advancements could significantly boost revenue and earnings as capacity and investments scale up. Price Target Changed • Mar 21Price target decreased by 20% to CA$3.00Down from CA$3.75, the current price target is an average from 4 analysts. New target price is 253% above last closing price of CA$0.85. Stock is down 62% over the past year. The company is forecast to post a net loss per share of CA$0.24 next year compared to a net loss per share of CA$0.32 last year.New Risk • Mar 03New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Canadian stocks, typically moving 11% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Market cap is less than US$10m (CA$14.2m market cap, or US$9.84m). Minor Risks Less than 1 year of cash runway based on current free cash flow (-CA$2.5m). Currently unprofitable and not forecast to become profitable over next 2 years (CA$706k net loss in 2 years). Share price has been volatile over the past 3 months (11% average weekly change).Price Target Changed • Mar 03Price target decreased by 13% to CA$3.50Down from CA$4.00, the current price target is an average from 4 analysts. New target price is 393% above last closing price of CA$0.71. Stock is down 66% over the past year. The company is forecast to post a net loss per share of CA$0.22 next year compared to a net loss per share of CA$0.32 last year.お知らせ • Mar 01Evergen Infrastructure Provides Operations and Development UpdatesEverGen Infrastructure Corp. announced operational updates at its Pacific Coast Renewables and Prairie Sky Organics facilities. Pacific Coast Renewables: Since acquiring the facility in 2021, EverGen has invested in a series of environmental performance improvements to meet the highest regulatory standards and prepare for the facility’s expansion. As part of these efforts, EverGen has sought recognition from its municipal partners in the form of increased tipping fees now secured for the facility. This increased revenue is anticipated to offset higher operating costs at the site, largely driven by increased regulatory standards and disposal costs from a fire at the facility in early December 2024. Greater Vancouver experienced its wettest year in 25 years, with record precipitation limiting the facility’s ability to process materials during high-rainfall months due to regulatory requirements. As a result, operational adjustments were necessary, which the increased revenue is expected to help support. Additionally, EverGen has secured a permitting milestone for the PCR RNG expansion project. The City of Abbotsford Agricultural Advisory Committee (“AAC”) has endorsed the RNG expansion project and recommended it for approval. Upon receiving the City of Abbotsford Council approval, the final regulatory step is securing authorization from the Agricultural Land Commission, which is expected to be reviewed in the second half of 2025.New Risk • Feb 19New major risk - Market cap sizeThe company's market capitalization is less than US$10m. Market cap: CA$13.9m (US$9.76m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risk Market cap is less than US$10m (CA$13.9m market cap, or US$9.76m). Minor Risks Less than 1 year of cash runway based on current free cash flow (-CA$2.5m). Currently unprofitable and not forecast to become profitable over next 2 years (CA$706k net loss in 2 years).Major Estimate Revision • Nov 28Consensus EPS estimates fall by 21%The consensus outlook for earnings per share (EPS) in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from CA$14.9m to CA$14.7m. Losses expected to increase from CA$0.18 per share to CA$0.22. Gas Utilities industry in Canada expected to see average net income growth of 35% next year. Consensus price target down from CA$4.00 to CA$3.75. Share price was steady at CA$1.71 over the past week.New Risk • Nov 22New minor risk - ProfitabilityThe company is currently unprofitable and not forecast to become profitable over the next 2 years. Trailing 12-month net loss: CA$4.1m Forecast net loss in 2 years: CA$706k This is considered a minor risk. Companies that are not profitable are more likely to be burning through cash and less likely to be well established. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. Without profits, the company is under pressure to grow significantly while potentially having to reduce costs and possibly needing to take on debt or raise capital to remain afloat. Currently, the following risks have been identified for the company: Minor Risks Less than 1 year of cash runway based on current free cash flow (-CA$3.0m). Currently unprofitable and not forecast to become profitable over next 2 years (CA$706k net loss in 2 years). Market cap is less than US$100m (CA$23.7m market cap, or US$16.9m).Breakeven Date Change • Nov 22No longer forecast to breakevenThe 2 analysts covering EverGen Infrastructure no longer expect the company to break even during the foreseeable future. The company was expected to make a profit of CA$703.3k in 2025. New consensus forecast suggests the company will make a loss of CA$750.3k in 2025.Reported Earnings • Nov 21Third quarter 2024 earnings: EPS in line with expectations, revenues disappointThird quarter 2024 results: CA$0.024 loss per share (improved from CA$0.075 loss in 3Q 2023). Revenue: CA$3.60m (up 57% from 3Q 2023). Net loss: CA$333.0k (loss narrowed 68% from 3Q 2023). Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 4.0% growth forecast for the Gas Utilities industry in North America. Over the last 3 years on average, earnings per share has fallen by 19% per year but the company’s share price has fallen by 29% per year, which means it is performing significantly worse than earnings.お知らせ • Nov 14EverGen Infrastructure Corp. to Report Q3, 2024 Results on Nov 20, 2024EverGen Infrastructure Corp. announced that they will report Q3, 2024 results After-Market on Nov 20, 2024お知らせ • Sep 10EverGen Infrastructure Corp., Annual General Meeting, Nov 05, 2024EverGen Infrastructure Corp., Annual General Meeting, Nov 05, 2024.Major Estimate Revision • Aug 28Consensus EPS estimates fall by 23%, revenue upgradedThe consensus outlook for fiscal year 2024 has been updated. 2024 revenue forecast increased from CA$13.6m to CA$14.9m. Forecast EPS reduced from -CA$0.15 to -CA$0.185 per share. Gas Utilities industry in Canada expected to see average net income growth of 22% next year. Consensus price target of CA$3.67 unchanged from last update. Share price rose 5.3% to CA$2.19 over the past week.Reported Earnings • Aug 23Second quarter 2024 earnings: Revenues exceed analysts expectations while EPS lags behindSecond quarter 2024 results: CA$0.053 loss per share (improved from CA$0.064 loss in 2Q 2023). Revenue: CA$4.24m (up 96% from 2Q 2023). Net loss: CA$737.0k (loss narrowed 17% from 2Q 2023). Revenue exceeded analyst estimates by 23%. Earnings per share (EPS) missed analyst estimates by 25%. Revenue is forecast to grow 21% p.a. on average during the next 2 years, compared to a 7.4% growth forecast for the Gas Utilities industry in North America. Over the last 3 years on average, earnings per share has fallen by 23% per year whereas the company’s share price has fallen by 26% per year.お知らせ • Aug 09EverGen Infrastructure Corp. to Report Q2, 2024 Results on Aug 21, 2024EverGen Infrastructure Corp. announced that they will report Q2, 2024 results After-Market on Aug 21, 2024New Risk • May 30New major risk - Revenue and earnings growthEarnings have declined by 22% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-CA$17m free cash flow). Earnings have declined by 22% per year over the past 5 years. Minor Risk Market cap is less than US$100m (CA$27.3m market cap, or US$19.9m).お知らせ • May 24EverGen Infrastructure Corp. to Report Q1, 2024 Results on May 28, 2024EverGen Infrastructure Corp. announced that they will report Q1, 2024 results After-Market on May 28, 2024Major Estimate Revision • Apr 29Consensus EPS estimates have been downgraded.The consensus outlook for earnings per share (EPS) in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from CA$13.8m to CA$12.8m. Now expected to report a loss of CA$0.045 per share instead of CA$0.02 per share profit previously forecast. Gas Utilities industry in Canada expected to see average net income growth of 16% next year. Consensus price target down from CA$4.00 to CA$3.67. Share price was steady at CA$2.20 over the past week.Breakeven Date Change • Apr 28Forecast breakeven date pushed back to 2025The analyst covering EverGen Infrastructure previously expected the company to break even in 2024. New forecast suggests losses will reduce by 86% to 2024. The company is expected to make a profit of CA$2.97m in 2025. Average annual earnings growth of 139% is required to achieve expected profit on schedule.Price Target Changed • Apr 24Price target decreased by 10% to CA$3.67Down from CA$4.08, the current price target is an average from 3 analysts. New target price is 75% above last closing price of CA$2.10. Stock is down 33% over the past year. The company is forecast to post earnings per share of CA$0.02 next year compared to a net loss per share of CA$0.32 last year.Reported Earnings • Apr 23Full year 2023 earnings: EPS and revenues miss analyst expectationsFull year 2023 results: CA$0.32 loss per share (further deteriorated from CA$0.30 loss in FY 2022). Revenue: CA$8.44m (up 13% from FY 2022). Net loss: CA$4.42m (loss widened 7.9% from FY 2022). Revenue missed analyst estimates by 1.1%. Earnings per share (EPS) also missed analyst estimates by 36%. Revenue is forecast to grow 46% p.a. on average during the next 2 years, compared to a 6.9% growth forecast for the Gas Utilities industry in North America.お知らせ • Apr 11EverGen Infrastructure Corp. to Report Q4, 2023 Results on Apr 22, 2024EverGen Infrastructure Corp. announced that they will report Q4, 2023 results at 4:00 PM, US Eastern Standard Time on Apr 22, 2024Price Target Changed • Nov 24Price target decreased by 18% to CA$4.08Down from CA$5.00, the current price target is an average from 3 analysts. New target price is 93% above last closing price of CA$2.12. Stock is down 0.9% over the past year. The company is forecast to post a net loss per share of CA$0.23 next year compared to a net loss per share of CA$0.30 last year.Reported Earnings • Nov 24Third quarter 2023 earnings: EPS and revenues miss analyst expectationsThird quarter 2023 results: CA$0.075 loss per share (improved from CA$0.13 loss in 3Q 2022). Revenue: CA$2.29m (up 17% from 3Q 2022). Net loss: CA$1.04m (loss narrowed 43% from 3Q 2022). Revenue missed analyst estimates by 25%. Earnings per share (EPS) also missed analyst estimates. Revenue is forecast to grow 51% p.a. on average during the next 3 years, compared to a 5.2% growth forecast for the Gas Utilities industry in North America.お知らせ • Nov 17EverGen Infrastructure Corp. to Report Q3, 2023 Results on Nov 22, 2023EverGen Infrastructure Corp. announced that they will report Q3, 2023 results at 4:00 PM, US Eastern Standard Time on Nov 22, 2023Board Change • Oct 01High number of new and inexperienced directorsThere are 4 new directors who have joined the board in the last 3 years. The company's board is composed of: 4 new directors. 1 experienced director. No highly experienced directors. Interim Executive Chair Ford Nicholson is the most experienced director on the board, commencing their role in 2020. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model.お知らせ • Sep 24EverGen Infrastructure Corp. Announces Chief Executive Officer ChangesEverGen Infrastructure Corp. announced that it has appointed Mischa Zajtmann as Interim Chief Executive Officer and a Director of the Company. Chase Edgelow, who co-founded the company and has led EverGen from inception as Chief Executive Officer and a member of the board of directors of the Company, will step down from his management and board roles to pursue other opportunities effective September 22, 2023. Mr. Edgelow will stay on as a strategic advisor to the Company providing organizational support and continuity. Mr. Zajtmann, who also serves as President of the Company, brings extensive public company leadership experience and an integrated legal, financial and strategic skillset with a focus on project delivery and operational discipline. His appointment will ensure a smooth transition and operational continuity while the Executive Chair and Board engage in activating their strategy to unlock value for the Company. Mr. Zajtmann will focus on execution of a set of near-term milestones, such as completing the RNG expansion at Fraser Valley Biogas and advancing core projects.お知らせ • Sep 23EverGen Infrastructure Corp., Annual General Meeting, Nov 30, 2023EverGen Infrastructure Corp., Annual General Meeting, Nov 30, 2023.Reported Earnings • Aug 24Second quarter 2023 earnings: EPS and revenues miss analyst expectationsSecond quarter 2023 results: CA$0.064 loss per share (further deteriorated from CA$0.041 loss in 2Q 2022). Revenue: CA$2.16m (down 8.5% from 2Q 2022). Net loss: CA$891.0k (loss widened 63% from 2Q 2022). Revenue missed analyst estimates by 19%. Earnings per share (EPS) also missed analyst estimates by 200%. Revenue is forecast to grow 47% p.a. on average during the next 3 years, compared to a 2.4% growth forecast for the Gas Utilities industry in North America.お知らせ • Aug 18EverGen Infrastructure Corp. to Report Q2, 2023 Results on Aug 23, 2023EverGen Infrastructure Corp. announced that they will report Q2, 2023 results After-Market on Aug 23, 2023Major Estimate Revision • May 31Consensus EPS estimates upgraded to CA$0.045 lossThe consensus outlook for fiscal year 2023 has been updated. 2023 losses forecast to reduce from -CA$0.05 to -CA$0.045 per share. Revenue forecast steady at CA$11.6m. Gas Utilities industry in Canada expected to see average net income growth of 7.9% next year. Consensus price target of CA$4.83 unchanged from last update. Share price fell 3.3% to CA$2.93 over the past week.Reported Earnings • May 26First quarter 2023 earnings: EPS exceeds analyst expectations while revenues lag behindFirst quarter 2023 results: CA$0.066 loss per share (further deteriorated from CA$0.016 loss in 1Q 2022). Revenue: CA$1.68m (up 18% from 1Q 2022). Net loss: CA$907.0k (loss widened 314% from 1Q 2022). Revenue missed analyst estimates by 3.4%. Earnings per share (EPS) exceeded analyst estimates by 6.7%. Revenue is forecast to grow 43% p.a. on average during the next 3 years, compared to a 2.1% growth forecast for the Gas Utilities industry in North America.お知らせ • May 19EverGen Infrastructure Corp. to Report Q1, 2023 Results on May 24, 2023EverGen Infrastructure Corp. announced that they will report Q1, 2023 results on May 24, 2023Reported Earnings • Apr 14Full year 2022 earnings released: CA$0.30 loss per share (vs CA$0.18 loss in FY 2021)Full year 2022 results: CA$0.30 loss per share (further deteriorated from CA$0.18 loss in FY 2021). Revenue: CA$7.46m (down 22% from FY 2021). Net loss: CA$4.10m (loss widened 110% from FY 2021). Revenue is forecast to grow 40% p.a. on average during the next 3 years, compared to a 1.4% growth forecast for the Gas Utilities industry in North America.Board Change • Dec 31High number of new and inexperienced directorsThere are 5 new directors who have joined the board in the last 3 years. The company's board is composed of: 5 new directors. No experienced directors. No highly experienced directors. Co-Founder, CEO & Director Chase Edgelow is the most experienced director on the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors.Major Estimate Revision • Nov 28Consensus EPS estimates fall by 110%The consensus outlook for earnings per share (EPS) in 2022 has deteriorated. 2022 revenue forecast decreased from CA$8.42m to CA$7.90m. Losses expected to increase from CA$0.10 per share to CA$0.22. Gas Utilities industry in Canada expected to see average net income growth of 11% next year. Consensus price target down from CA$7.08 to CA$6.33. Share price was steady at CA$2.10 over the past week.Breakeven Date Change • Nov 25Forecast breakeven date pushed back to 2024The 2 analysts covering EverGen Infrastructure previously expected the company to break even in 2023. New consensus forecast suggests losses will reduce by 65% per year to 2023. The company is expected to make a profit of CA$4.80m in 2024. Average annual earnings growth of 128% is required to achieve expected profit on schedule.Reported Earnings • Nov 22Third quarter 2022 earnings released: CA$0.13 loss per share (vs CA$0.04 profit in 3Q 2021)Third quarter 2022 results: CA$0.13 loss per share (down from CA$0.04 profit in 3Q 2021). Revenue: CA$1.96m (up 1.0% from 3Q 2021). Net loss: CA$1.83m (down 472% from profit in 3Q 2021). Revenue is forecast to grow 71% p.a. on average during the next 3 years, compared to a 1.3% growth forecast for the Gas Utilities industry in North America.Price Target Changed • Nov 16Price target decreased to CA$7.08Down from CA$8.00, the current price target is an average from 3 analysts. New target price is 226% above last closing price of CA$2.17. Stock is down 50% over the past year. The company is forecast to post a net loss per share of CA$0.10 next year compared to a net loss per share of CA$0.18 last year.お知らせ • Nov 16EverGen Infrastructure Corp. to Report Q3, 2022 Results on Nov 21, 2022EverGen Infrastructure Corp. announced that they will report Q3, 2022 results at 4:00 PM, US Eastern Standard Time on Nov 21, 2022お知らせ • Oct 07EverGen Infrastructure Corp. Appoints Sean Hennessy as Chief Financial OfficerEverGen Infrastructure Corp. announced the appointment of Sean Hennessy as Chief Financial Officer (“CFO”), effective immediately. Prior to his appointment as CFO, Sean held the position of Vice President, Finance & Controller. Sean is a chartered accountant with over 15 years of finance and accounting experience in the clean energy and infrastructure industries, which includes ten years at a global energy infrastructure company owned by Brookfield Business Partners. Sean obtained his Chartered Accountant designation while at PwC New Zealand, where he worked in both the tax and assurance practices, before transitioning to Canada. He is experienced with financial reporting for public companies under both IFRS and US GAAP, on both the New York Stock Exchange and the Toronto Stock Exchange. Sean completed a Bachelor of Commerce and Administration (Accounting, Finance and Commercial Law) degree and a Bachelor of Science (Mathematics) degree at Victoria University of Wellington.お知らせ • Oct 05EverGen Infrastructure Corp. Provides Development Update on Phase 1 of the GrowTEC RNG Expansion ProjectEverGen Infrastructure Corp. announce that construction on Phase 1 of the GrowTEC RNG Expansion Project is 80% complete and is tracking ahead of schedule. GrowTEC is an operating biogas facility which focuses on sustainable agriculture through the conversion of organic waste to soil amendments and clean energy. Since acquiring a 67% interest and assuming operatorship of the Project earlier this year, EverGen has been successful to date in implementing the Project designed to upgrade existing biogas and power production to renewable natural gas (RNG). The Project is finalising construction of the injection infrastructure for tie-in into the local pipeline network and is anticipated to be ready to commission in the next month. Once complete, Phase 1, is expected to produce 80,000 gigajoules of RNG annually, which is underpinned by a long-term offtake agreement with FortisBC. The Phase 2 expansion is expected to add an additional 60,000 gigajoules of RNG annually for a total of 140,000 gigajoules of RNG production annually from the Project.お知らせ • Aug 26EverGen Infrastructure Corp., Annual General Meeting, Nov 01, 2022EverGen Infrastructure Corp., Annual General Meeting, Nov 01, 2022.Reported Earnings • Aug 24Second quarter 2022 earnings: EPS and revenues miss analyst expectationsSecond quarter 2022 results: CA$0.041 loss per share (down from CA$0.04 profit in 2Q 2021). Revenue: CA$2.36m (up 22% from 2Q 2021). Net loss: CA$546.0k (down 211% from profit in 2Q 2021). Revenue missed analyst estimates by 20%. Earnings per share (EPS) were also behind analyst expectations. Over the next year, revenue is forecast to grow 62% compared to a 3.8% decline forecast for the Gas Utilities industry in Canada.お知らせ • Aug 10EverGen Infrastructure Corp. to Report Q2, 2022 Results on Aug 23, 2022EverGen Infrastructure Corp. announced that they will report Q2, 2022 results After-Market on Aug 23, 2022お知らせ • Jul 15EverGen Infrastructure Corp. (TSXV:EVGN) completed the acquisition of a 67% stake in Alberta Based Renewable Natural Gas Facility from Grow the Energy Circle Ltd. for CAD 7.7 million.EverGen Infrastructure Corp. (TSXV:EVGN) entered into a Letter Of Intent to acquire a 67% stake in Alberta Based Renewable Natural Gas Facility from Grow the Energy Circle Ltd. for CAD 10.1 million on March 4, 2022. The consideration for the transaction will be CAD 6.6 million consisting of an initial cash consideration of CAD 3.3 million and the issuance of 600,000 common shares of EverGen. Additional cash consideration of up to CAD 4 million will be made upon achievement of certain milestones. Consideration for EverGen’s interest in the project will be funded from existing working capital and cash flow. GrowTEC will have the right to nominate a Director to the EverGen board at closing of the proposed transaction. Completion of the proposed transaction remains subject to a number of conditions, including the satisfactory completion of due diligence, the receipt of any required regulatory approvals including TSXV approval and the negotiation of definitive documentation. Closing of the proposed transaction is expected to be completed in Spring of 2022. EverGen Infrastructure Corp. (TSXV:EVGN) completed the acquisition of a 67% stake in Alberta Based Renewable Natural Gas Facility from Grow the Energy Circle Ltd. for CAD 7.7 million on July 14, 2022. EverGen acquired a 67% interest in the project for cash consideration of CAD 2.1 million, subject to working capital adjustments, and the issuance of 600,000 common shares of EverGen that were issued on July 13, 2022. Additional cash consideration of up to CAD 4.0 million will be made upon achievement of certain operational milestones.お知らせ • May 24EverGen Infrastructure Corp. to Report Q1, 2022 Results on May 24, 2022EverGen Infrastructure Corp. announced that they will report Q1, 2022 results After-Market on May 24, 2022Breakeven Date Change • Apr 27Forecast breakeven date moved forward to 2022The 2 analysts covering EverGen Infrastructure previously expected the company to break even in 2023. New consensus forecast suggests the company will make a profit of CA$400.0k in 2022. Earnings growth of 100% is required to achieve expected profit on schedule.お知らせ • Apr 21EverGen Infrastructure Corp. to Report Q4, 2021 Results on Apr 21, 2022EverGen Infrastructure Corp. announced that they will report Q4, 2021 results After-Market on Apr 21, 2022Major Estimate Revision • Mar 12Consensus EPS estimates fall by 12%The consensus outlook for earnings per share (EPS) in 2021 has deteriorated. 2021 revenue forecast decreased from CA$8.70m to CA$8.55m. Losses expected to increase from CA$0.08 per share to CA$0.09. Commercial Services industry in Canada expected to see average net income growth of 83% next year. Consensus price target of CA$9.67 unchanged from last update. Share price rose 8.0% to CA$4.97 over the past week.Executive Departure • Dec 06Chief Financial Officer Jennifer Schilling has left the companyDuring their tenure, earnings grew by 35% annually compared to the industry average of 1.7%. We don't have any record of a personal shareholding under Jennifer's name. Jennifer is the only executive to leave the company over the last 12 months.Major Estimate Revision • Nov 30Consensus forecasts updatedThe consensus outlook for 2021 has been updated. 2021 revenue forecast fell from CA$8.85m to CA$8.70m. 2021 losses expected to reduce from -CA$0.10 to -CA$0.085 per share. Commercial Services industry in Canada expected to see average net income growth of 96% next year. Consensus price target down from CA$10.00 to CA$9.67. Share price rose 37% to CA$5.29 over the past week.お知らせ • Aug 05EverGen Infrastructure Corp. has completed an IPO in the amount of CAD 20.02 million.EverGen Infrastructure Corp. has completed an IPO in the amount of CAD 20.02 million. Security Name: Units Security Type: Equity/Derivative Unit Securities Offered: 2,926,000 Price\Range: CAD 6.5 Discount Per Security: CAD 0.39 Security Name: Units Security Type: Equity/Derivative Unit Securities Offered: 154,000 Price\Range: CAD 6.5 Discount Per Security: CAD 0.195財務状況分析短期負債: EVGNの 短期資産 ( CA$7.8M ) が 短期負債 ( CA$5.7M ) を超えています。長期負債: EVGNの短期資産 ( CA$7.8M ) は 長期負債 ( CA$25.1M ) をカバーしていません。デット・ツー・エクイティの歴史と分析負債レベル: EVGNの 純負債対資本比率 ( 34.2% ) は 満足できる 水準であると考えられます。負債の削減: EVGNの負債対資本比率は、過去 5 年間で5.2%から37.8%に増加しました。貸借対照表キャッシュ・ランウェイ分析過去に平均して赤字であった企業については、少なくとも1年間のキャッシュ・ランウェイがあるかどうかを評価する。安定したキャッシュランウェイ: EVGNは、現在の フリーキャッシュフロー に基づくと、キャッシュランウェイ が 1 年未満です。キャッシュランウェイの予測: フリーキャッシュフローが毎年4.7 % の歴史的率で成長し続ける場合、 EVGNのキャッシュランウェイは 1 年未満になります。健全な企業の発掘7D1Y7D1Y7D1YUtilities 業界の健全な企業。View Dividend企業分析と財務データの現状データ最終更新日（UTC時間）企業分析2026/06/11 22:05終値2026/06/11 00:00収益2026/03/31年間収益2025/12/31データソース企業分析に使用したデータはS&P Global Market Intelligence LLC のものです。本レポートを作成するための分析モデルでは、以下のデータを使用しています。データは正規化されているため、ソースが利用可能になるまでに時間がかかる場合があります。パッケージデータタイムフレーム米国ソース例会社財務10年損益計算書キャッシュ・フロー計算書貸借対照表SECフォーム10-KSECフォーム10-Qアナリストのコンセンサス予想+プラス3年予想財務アナリストの目標株価アナリストリサーチレポートBlue Matrix市場価格30年株価配当、分割、措置ICEマーケットデータSECフォームS-1所有権10年トップ株主インサイダー取引SECフォーム4SECフォーム13Dマネジメント10年リーダーシップ・チーム取締役会SECフォーム10-KSECフォームDEF 14A主な進展10年会社からのお知らせSECフォーム8-K* 米国証券を対象とした例であり、非米国証券については、同等の規制書式および情報源を使用。特に断りのない限り、すべての財務データは1年ごとの期間に基づいていますが、四半期ごとに更新されます。これは、TTM（Trailing Twelve Month）またはLTM（Last Twelve Month）データとして知られています。詳細はこちら。分析モデルとスノーフレーク本レポートを生成するために使用した分析モデルの詳細は当社のGithubページでご覧いただけます。また、レポートの使用方法に関するガイドやYoutubeのチュートリアルも掲載しています。シンプリー・ウォールストリート分析モデルを設計・構築した世界トップクラスのチームについてご紹介します。業界およびセクターの指標私たちの業界とセクションの指標は、Simply Wall Stによって6時間ごとに計算されます。アナリスト筋EverGen Infrastructure Corp. 1 これらのアナリストのうち、弊社レポートのインプットとして使用した売上高または利益の予想を提出したのは、 。アナリストの投稿は一日中更新されます。2 アナリスト機関David CabelDesjardins Securities Inc.Brent StadlerDesjardins Securities Inc.
分析記事 • Dec 21Is EverGen Infrastructure (CVE:EVGN) Weighed On By Its Debt Load?David Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...
New Risk • Jun 04New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 16% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-CA$1.6m free cash flow). Earnings have declined by 37% per year over the past 5 years. Market cap is less than US$10m (CA$11.1m market cap, or US$8.01m). Minor Risk Shareholders have been diluted in the past year (16% increase in shares outstanding).
Reported Earnings • May 05Full year 2025 earnings released: CA$0.24 loss per share (vs CA$1.20 loss in FY 2024)Full year 2025 results: CA$0.24 loss per share (improved from CA$1.20 loss in FY 2024). Revenue: CA$11.7m (down 17% from FY 2024). Net loss: CA$4.53m (loss narrowed 73% from FY 2024). Revenue is forecast to grow 19% p.a. on average during the next 2 years, compared to a 7.0% growth forecast for the Gas Utilities industry in North America. Over the last 3 years on average, earnings per share has fallen by 41% per year but the company’s share price has fallen by 49% per year, which means it is performing significantly worse than earnings.
分析記事 • Dec 21Is EverGen Infrastructure (CVE:EVGN) Weighed On By Its Debt Load?David Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...
Reported Earnings • Nov 23Third quarter 2025 earnings released: CA$0.046 loss per share (vs CA$0.024 loss in 3Q 2024)Third quarter 2025 results: CA$0.046 loss per share (further deteriorated from CA$0.024 loss in 3Q 2024). Revenue: CA$2.81m (down 22% from 3Q 2024). Net loss: CA$1.04m (loss widened 213% from 3Q 2024). Revenue is forecast to grow 36% p.a. on average during the next 2 years, compared to a 5.1% growth forecast for the Gas Utilities industry in North America. Over the last 3 years on average, earnings per share has fallen by 57% per year but the company’s share price has only fallen by 40% per year, which means it has not declined as severely as earnings.
お知らせ • Oct 14EverGen Infrastructure Corp., Annual General Meeting, Dec 11, 2025EverGen Infrastructure Corp., Annual General Meeting, Dec 11, 2025.
お知らせ • Sep 27EverGen Infrastructure Corp. Provides Operations and Development UpdatesEverGen Infrastructure Corp. provided an update on operations across its renewable natural gas ("RNG") and organic waste processing facilities. During July and August 2025, EverGen's Fraser Valley Biogas ("FVB") and GrowTEC facilities produced approximately 16,000 gigajoules ("GJs") (520 GJ/d) in July and more than 17,000 GJs (550 GJ/d) in August. These results highlight continued momentum at EverGen's core RNG assets and demonstrate the stability and scalability of the platform. At EverGen's organic waste processing facilities, Pacific Coast Renewables ("PCR") and Sea to Sky Soils ("SSS"), team concentrated on optimization initiatives focused on screening finished compost and reducing inventory. In July, the PCR RNG Expansion project achieved a key regulatory milestone with support from Abbotsford City Council. In addition, PCR entered into a termination agreement with the City of Coquitlam, terminating a legacy organics processing contract from 2019, under which no volumes were received in Second Quarter 2025. These initiatives, alongside a refreshed management team and targeted turnaround activities, are positioning the business to attract higher-value organic feedstock, with process improvements and RNG expansion expected to support increased revenue in 2026 and long-term profitability. EverGen remains committed to optimizing its RNG and organics processing platform, delivering strong operational performance while driving sustainable growth.
Price Target Changed • Aug 26Price target decreased by 10.0% to CA$2.25Down from CA$2.50, the current price target is an average from 2 analysts. New target price is 463% above last closing price of CA$0.40. Stock is down 82% over the past year. The company is forecast to post a net loss per share of CA$0.12 next year compared to a net loss per share of CA$1.20 last year.
Reported Earnings • Aug 24Second quarter 2025 earnings released: CA$0.10 loss per share (vs CA$0.053 loss in 2Q 2024)Second quarter 2025 results: CA$0.10 loss per share (further deteriorated from CA$0.053 loss in 2Q 2024). Revenue: CA$2.78m (down 34% from 2Q 2024). Net loss: CA$1.84m (loss widened 149% from 2Q 2024). Revenue is forecast to grow 26% p.a. on average during the next 2 years, compared to a 7.0% growth forecast for the Gas Utilities industry in North America. Over the last 3 years on average, earnings per share has fallen by 62% per year but the company’s share price has only fallen by 48% per year, which means it has not declined as severely as earnings.
お知らせ • Aug 20EverGen Infrastructure Corp. to Report Q2, 2025 Results on Aug 21, 2025EverGen Infrastructure Corp. announced that they will report Q2, 2025 results After-Market on Aug 21, 2025
New Risk • Jul 14New major risk - Revenue and earnings growthEarnings have declined by 46% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (21% average weekly change). Earnings have declined by 46% per year over the past 5 years. Shareholders have been substantially diluted in the past year (60% increase in shares outstanding). Market cap is less than US$10m (CA$10.8m market cap, or US$7.87m).
お知らせ • Jun 27EverGen Infrastructure Corp. Announces Chief Financial Officer Changes, Effective June 27, 2025EverGen Infrastructure Corp. announced the appointment of Maria O’Sullivan as its Interim Chief Financial Officer ("CFO"), effective immediately. Ms. O'Sullivan will replace Sean Hennessy who has resigned from his role as of the same day. Maria is a Chartered Accountant with over 12 years of finance and accounting experience, primarily within in the energy and infrastructure industries. Maria obtained her Chartered Accountant designation at KPMG Ireland, before relocating to Canada. She is experienced with financial reporting for public companies under both IFRS and US GAAP, on both the New York Stock Exchange and the Toronto Stock Exchange. Maria holds a Bachelor of Commerce and French from the University of Galway and a Master of Accounting from University College Dublin.
New Risk • May 24New major risk - Shareholder dilutionThe company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 61% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (20% average weekly change). Shareholders have been substantially diluted in the past year (61% increase in shares outstanding). Market cap is less than US$10m (CA$10.1m market cap, or US$7.34m). Minor Risk Currently unprofitable and not forecast to become profitable over next 2 years (CA$400k net loss in 2 years).
Reported Earnings • May 07Full year 2024 earnings releasedFull year 2024 results: Net income: (up CA$4.42m from FY 2023). Over the last 3 years on average, earnings per share has fallen by 29% per year but the company’s share price has fallen by 42% per year, which means it is performing significantly worse than earnings.
New Risk • May 06New major risk - Revenue and earnings growthEarnings have declined by 18% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (19% average weekly change). Earnings have declined by 18% per year over the past 5 years. Market cap is less than US$10m (CA$8.29m market cap, or US$6.02m). Minor Risk Currently unprofitable and not forecast to become profitable next year (CA$2.5m net loss next year).
Board Change • Apr 29Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 5 experienced directors. No highly experienced directors. Independent Director Cain Ozturgut was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.
お知らせ • Apr 25+ 1 more updateEverGen Infrastructure Corp. Announces Board and Executive AppointmentsEverGen Infrastructure Corp. announced that The new management team and board brings unparalleled knowledge of the Company and its assets, a focused strategy dedicated to improving operational efficiencies and cost structure, and a long-term vision to continue to grow EverGen into a highly strategic and valuable infrastructure platform. Chase Edgelow (Director): Brings a direct hands-on approach as co-founder and former CEO of EverGen, along with 20 years of financial and operational expertise in the energy and infrastructure sectors. He is the founding partner of Chase Capital, a private capital platform dedicated to investing in, advising and growing businesses with a focus on the circular economy and energy transition. He spent over a decade with Macquarie Group specializing in sourcing, structuring and managing private energy and infrastructure investments on behalf of Macquarie and other co-investment partners, in addition to providing traditional M&A, capital raising and advisory services for corporate clients. Holds a degree in Engineering Physics from Queens University and is a Chartered Financial Analyst (CFA) charterholder and Professional Engineer of Alberta (non-practising). Ron Green (Chief Operating Officer): An accomplished leader with over 30 years of experience in the energy & infrastructure sectors, specializing in operational excellence and team development. Proven track record of driving success in turnaround situations, with expertise in optimizing operations and aligning strategic incentives. Throughout his career, Mr. Green has held key executive roles, including CEO of Promeita Energy, Vice President of Rockwater Energy Solutions, Chief Operating Officer of Pure Energy Services Ltd., and Executive Vice President of Delaney Energy. In addition to his executive leadership roles, Mr. Green is a founding board member of Beyond Energy Services & Technology Corp, which he has guided from a start-up to a >$100m revenue business. He is a graduate of Queens Universitys Executive Program and Northern Alberta Institute of Technology. With extensive experience in operational leadership and people management, he is a trusted expert in driving sustainable growth and value creation. Varun Anand (Director): Varun serves as the Outsourced Chief Investment Officer and representative of ASK America LLC. He brings over a decade of global investment experience across public and private markets, with a strong track record of identifying and executing high-quality infrastructure opportunities. An award-winning portfolio manager, Varun has developed particular expertise in the renewable energy sector, having invested extensively in both Canadian and international renewable energy assets. During his tenure at Starlight Capital, he led the investment in the Companys IPO in 2021 and built one of its largest shareholder positions by 2022. Varun holds a Bachelor of Mathematics with a Finance specialization from the University of Waterloo and is a Chartered Financial Analyst (CFA). Blake Almond (Director): Blake has 17 years of experience in M&A and private & public capital markets including 8 years focused on organics, bioenergy and other circular economy infrastructure assets. He spent 10 years with Macquarie Capital in Sydney where he executed M&A and public & private capital markets deals in bioenergy and natural resources. today he leads the financial advisory business Circ Partners where he advises global infrastructure private equity funds and industrial sponsor clients on circular economy infrastructure investments. Notably, while at Macquarie Capital, Blake advised on cross-border M&A transactions between Canada and Australia including Viterra Inc. on the A$1.6 billion acquisition of ABB Grain Ltd. and Eldorado Gold Corporation on the A$2.1 billion acquisition of Sino Gold Mining Limited. Blake is a Member of the Australian Organics Recycling Association (AORA) and the Waste Management and Resource Recovery Association of Australia (WMRR). Mischa Zajtmann (Director): Mischa has 15 years of experience providing consulting and executive management expertise for Canadian and American listed companies in the resource sector with projects in South America, Africa, and Asia. He is a co-founder of EverGen. Mischa was a corporate securities lawyer who began his career at Blake, Cassels & Graydon LLP, focused primarily on corporate securities transactions, including M&A and corporate finance. He has advised both purchasers and target companies in a wide variety of M&A transactionsincluding issuers listed on the Toronto Stock Exchange and TSX Venture Exchange and underwriters, in connection with public offerings and private placements of equity securities, regulatory compliance, and general corporate and commercial matters. Mischa has a Juris Doctor Degree from the University of Saskatchewan Law School and is a member of the British Columbia Bar.
New Risk • Apr 24New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Canadian stocks, typically moving 18% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (18% average weekly change). Market cap is less than US$10m (CA$9.84m market cap, or US$7.09m). Minor Risk Currently unprofitable and not forecast to become profitable over next 2 years (CA$941k net loss in 2 years).
お知らせ • Apr 23EverGen Infrastructure Corp. announced that it expects to receive CAD 7 million in funding from Ask America Llc and other investorsEverGen Infrastructure Corp. announced a private placement of up to 11,666,667 common shares at a price of CAD 0.60 per share for the gross proceeds of CAD 7,000,000.2 on April 22, 2025. The transaction will include participation from lead investor, Ask America Llc for 8,333,333 shares for CAD 5,000,000 and other investor. The Common Shares issued pursuant to the Private Placement will be subject to a four month hold period. The completion of the Private Placement and the Change of Management is expected to occur in early May 2025. The transaction is is subject to approval of the TSX Venture Exchange. The company issued 3,000,000 shares at a price of CAD 0.6 per share for the gross proceeds of CAD 1,800,000 to Ask America Llc in its first tranche closing.
新しいナラティブ • Apr 18RNG Production And Renewables Projects Will Exceed Capacity In 2025 Increasing RNG production and major project advancements could significantly boost revenue and earnings as capacity and investments scale up.
Price Target Changed • Mar 21Price target decreased by 20% to CA$3.00Down from CA$3.75, the current price target is an average from 4 analysts. New target price is 253% above last closing price of CA$0.85. Stock is down 62% over the past year. The company is forecast to post a net loss per share of CA$0.24 next year compared to a net loss per share of CA$0.32 last year.
New Risk • Mar 03New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Canadian stocks, typically moving 11% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Market cap is less than US$10m (CA$14.2m market cap, or US$9.84m). Minor Risks Less than 1 year of cash runway based on current free cash flow (-CA$2.5m). Currently unprofitable and not forecast to become profitable over next 2 years (CA$706k net loss in 2 years). Share price has been volatile over the past 3 months (11% average weekly change).
Price Target Changed • Mar 03Price target decreased by 13% to CA$3.50Down from CA$4.00, the current price target is an average from 4 analysts. New target price is 393% above last closing price of CA$0.71. Stock is down 66% over the past year. The company is forecast to post a net loss per share of CA$0.22 next year compared to a net loss per share of CA$0.32 last year.
お知らせ • Mar 01Evergen Infrastructure Provides Operations and Development UpdatesEverGen Infrastructure Corp. announced operational updates at its Pacific Coast Renewables and Prairie Sky Organics facilities. Pacific Coast Renewables: Since acquiring the facility in 2021, EverGen has invested in a series of environmental performance improvements to meet the highest regulatory standards and prepare for the facility’s expansion. As part of these efforts, EverGen has sought recognition from its municipal partners in the form of increased tipping fees now secured for the facility. This increased revenue is anticipated to offset higher operating costs at the site, largely driven by increased regulatory standards and disposal costs from a fire at the facility in early December 2024. Greater Vancouver experienced its wettest year in 25 years, with record precipitation limiting the facility’s ability to process materials during high-rainfall months due to regulatory requirements. As a result, operational adjustments were necessary, which the increased revenue is expected to help support. Additionally, EverGen has secured a permitting milestone for the PCR RNG expansion project. The City of Abbotsford Agricultural Advisory Committee (“AAC”) has endorsed the RNG expansion project and recommended it for approval. Upon receiving the City of Abbotsford Council approval, the final regulatory step is securing authorization from the Agricultural Land Commission, which is expected to be reviewed in the second half of 2025.
New Risk • Feb 19New major risk - Market cap sizeThe company's market capitalization is less than US$10m. Market cap: CA$13.9m (US$9.76m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risk Market cap is less than US$10m (CA$13.9m market cap, or US$9.76m). Minor Risks Less than 1 year of cash runway based on current free cash flow (-CA$2.5m). Currently unprofitable and not forecast to become profitable over next 2 years (CA$706k net loss in 2 years).
Major Estimate Revision • Nov 28Consensus EPS estimates fall by 21%The consensus outlook for earnings per share (EPS) in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from CA$14.9m to CA$14.7m. Losses expected to increase from CA$0.18 per share to CA$0.22. Gas Utilities industry in Canada expected to see average net income growth of 35% next year. Consensus price target down from CA$4.00 to CA$3.75. Share price was steady at CA$1.71 over the past week.
New Risk • Nov 22New minor risk - ProfitabilityThe company is currently unprofitable and not forecast to become profitable over the next 2 years. Trailing 12-month net loss: CA$4.1m Forecast net loss in 2 years: CA$706k This is considered a minor risk. Companies that are not profitable are more likely to be burning through cash and less likely to be well established. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. Without profits, the company is under pressure to grow significantly while potentially having to reduce costs and possibly needing to take on debt or raise capital to remain afloat. Currently, the following risks have been identified for the company: Minor Risks Less than 1 year of cash runway based on current free cash flow (-CA$3.0m). Currently unprofitable and not forecast to become profitable over next 2 years (CA$706k net loss in 2 years). Market cap is less than US$100m (CA$23.7m market cap, or US$16.9m).
Breakeven Date Change • Nov 22No longer forecast to breakevenThe 2 analysts covering EverGen Infrastructure no longer expect the company to break even during the foreseeable future. The company was expected to make a profit of CA$703.3k in 2025. New consensus forecast suggests the company will make a loss of CA$750.3k in 2025.
Reported Earnings • Nov 21Third quarter 2024 earnings: EPS in line with expectations, revenues disappointThird quarter 2024 results: CA$0.024 loss per share (improved from CA$0.075 loss in 3Q 2023). Revenue: CA$3.60m (up 57% from 3Q 2023). Net loss: CA$333.0k (loss narrowed 68% from 3Q 2023). Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 4.0% growth forecast for the Gas Utilities industry in North America. Over the last 3 years on average, earnings per share has fallen by 19% per year but the company’s share price has fallen by 29% per year, which means it is performing significantly worse than earnings.
お知らせ • Nov 14EverGen Infrastructure Corp. to Report Q3, 2024 Results on Nov 20, 2024EverGen Infrastructure Corp. announced that they will report Q3, 2024 results After-Market on Nov 20, 2024
お知らせ • Sep 10EverGen Infrastructure Corp., Annual General Meeting, Nov 05, 2024EverGen Infrastructure Corp., Annual General Meeting, Nov 05, 2024.
Major Estimate Revision • Aug 28Consensus EPS estimates fall by 23%, revenue upgradedThe consensus outlook for fiscal year 2024 has been updated. 2024 revenue forecast increased from CA$13.6m to CA$14.9m. Forecast EPS reduced from -CA$0.15 to -CA$0.185 per share. Gas Utilities industry in Canada expected to see average net income growth of 22% next year. Consensus price target of CA$3.67 unchanged from last update. Share price rose 5.3% to CA$2.19 over the past week.
Reported Earnings • Aug 23Second quarter 2024 earnings: Revenues exceed analysts expectations while EPS lags behindSecond quarter 2024 results: CA$0.053 loss per share (improved from CA$0.064 loss in 2Q 2023). Revenue: CA$4.24m (up 96% from 2Q 2023). Net loss: CA$737.0k (loss narrowed 17% from 2Q 2023). Revenue exceeded analyst estimates by 23%. Earnings per share (EPS) missed analyst estimates by 25%. Revenue is forecast to grow 21% p.a. on average during the next 2 years, compared to a 7.4% growth forecast for the Gas Utilities industry in North America. Over the last 3 years on average, earnings per share has fallen by 23% per year whereas the company’s share price has fallen by 26% per year.
お知らせ • Aug 09EverGen Infrastructure Corp. to Report Q2, 2024 Results on Aug 21, 2024EverGen Infrastructure Corp. announced that they will report Q2, 2024 results After-Market on Aug 21, 2024
New Risk • May 30New major risk - Revenue and earnings growthEarnings have declined by 22% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-CA$17m free cash flow). Earnings have declined by 22% per year over the past 5 years. Minor Risk Market cap is less than US$100m (CA$27.3m market cap, or US$19.9m).
お知らせ • May 24EverGen Infrastructure Corp. to Report Q1, 2024 Results on May 28, 2024EverGen Infrastructure Corp. announced that they will report Q1, 2024 results After-Market on May 28, 2024
Major Estimate Revision • Apr 29Consensus EPS estimates have been downgraded.The consensus outlook for earnings per share (EPS) in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from CA$13.8m to CA$12.8m. Now expected to report a loss of CA$0.045 per share instead of CA$0.02 per share profit previously forecast. Gas Utilities industry in Canada expected to see average net income growth of 16% next year. Consensus price target down from CA$4.00 to CA$3.67. Share price was steady at CA$2.20 over the past week.
Breakeven Date Change • Apr 28Forecast breakeven date pushed back to 2025The analyst covering EverGen Infrastructure previously expected the company to break even in 2024. New forecast suggests losses will reduce by 86% to 2024. The company is expected to make a profit of CA$2.97m in 2025. Average annual earnings growth of 139% is required to achieve expected profit on schedule.
Price Target Changed • Apr 24Price target decreased by 10% to CA$3.67Down from CA$4.08, the current price target is an average from 3 analysts. New target price is 75% above last closing price of CA$2.10. Stock is down 33% over the past year. The company is forecast to post earnings per share of CA$0.02 next year compared to a net loss per share of CA$0.32 last year.
Reported Earnings • Apr 23Full year 2023 earnings: EPS and revenues miss analyst expectationsFull year 2023 results: CA$0.32 loss per share (further deteriorated from CA$0.30 loss in FY 2022). Revenue: CA$8.44m (up 13% from FY 2022). Net loss: CA$4.42m (loss widened 7.9% from FY 2022). Revenue missed analyst estimates by 1.1%. Earnings per share (EPS) also missed analyst estimates by 36%. Revenue is forecast to grow 46% p.a. on average during the next 2 years, compared to a 6.9% growth forecast for the Gas Utilities industry in North America.
お知らせ • Apr 11EverGen Infrastructure Corp. to Report Q4, 2023 Results on Apr 22, 2024EverGen Infrastructure Corp. announced that they will report Q4, 2023 results at 4:00 PM, US Eastern Standard Time on Apr 22, 2024
Price Target Changed • Nov 24Price target decreased by 18% to CA$4.08Down from CA$5.00, the current price target is an average from 3 analysts. New target price is 93% above last closing price of CA$2.12. Stock is down 0.9% over the past year. The company is forecast to post a net loss per share of CA$0.23 next year compared to a net loss per share of CA$0.30 last year.
Reported Earnings • Nov 24Third quarter 2023 earnings: EPS and revenues miss analyst expectationsThird quarter 2023 results: CA$0.075 loss per share (improved from CA$0.13 loss in 3Q 2022). Revenue: CA$2.29m (up 17% from 3Q 2022). Net loss: CA$1.04m (loss narrowed 43% from 3Q 2022). Revenue missed analyst estimates by 25%. Earnings per share (EPS) also missed analyst estimates. Revenue is forecast to grow 51% p.a. on average during the next 3 years, compared to a 5.2% growth forecast for the Gas Utilities industry in North America.
お知らせ • Nov 17EverGen Infrastructure Corp. to Report Q3, 2023 Results on Nov 22, 2023EverGen Infrastructure Corp. announced that they will report Q3, 2023 results at 4:00 PM, US Eastern Standard Time on Nov 22, 2023
Board Change • Oct 01High number of new and inexperienced directorsThere are 4 new directors who have joined the board in the last 3 years. The company's board is composed of: 4 new directors. 1 experienced director. No highly experienced directors. Interim Executive Chair Ford Nicholson is the most experienced director on the board, commencing their role in 2020. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model.
お知らせ • Sep 24EverGen Infrastructure Corp. Announces Chief Executive Officer ChangesEverGen Infrastructure Corp. announced that it has appointed Mischa Zajtmann as Interim Chief Executive Officer and a Director of the Company. Chase Edgelow, who co-founded the company and has led EverGen from inception as Chief Executive Officer and a member of the board of directors of the Company, will step down from his management and board roles to pursue other opportunities effective September 22, 2023. Mr. Edgelow will stay on as a strategic advisor to the Company providing organizational support and continuity. Mr. Zajtmann, who also serves as President of the Company, brings extensive public company leadership experience and an integrated legal, financial and strategic skillset with a focus on project delivery and operational discipline. His appointment will ensure a smooth transition and operational continuity while the Executive Chair and Board engage in activating their strategy to unlock value for the Company. Mr. Zajtmann will focus on execution of a set of near-term milestones, such as completing the RNG expansion at Fraser Valley Biogas and advancing core projects.
お知らせ • Sep 23EverGen Infrastructure Corp., Annual General Meeting, Nov 30, 2023EverGen Infrastructure Corp., Annual General Meeting, Nov 30, 2023.
Reported Earnings • Aug 24Second quarter 2023 earnings: EPS and revenues miss analyst expectationsSecond quarter 2023 results: CA$0.064 loss per share (further deteriorated from CA$0.041 loss in 2Q 2022). Revenue: CA$2.16m (down 8.5% from 2Q 2022). Net loss: CA$891.0k (loss widened 63% from 2Q 2022). Revenue missed analyst estimates by 19%. Earnings per share (EPS) also missed analyst estimates by 200%. Revenue is forecast to grow 47% p.a. on average during the next 3 years, compared to a 2.4% growth forecast for the Gas Utilities industry in North America.
お知らせ • Aug 18EverGen Infrastructure Corp. to Report Q2, 2023 Results on Aug 23, 2023EverGen Infrastructure Corp. announced that they will report Q2, 2023 results After-Market on Aug 23, 2023
Major Estimate Revision • May 31Consensus EPS estimates upgraded to CA$0.045 lossThe consensus outlook for fiscal year 2023 has been updated. 2023 losses forecast to reduce from -CA$0.05 to -CA$0.045 per share. Revenue forecast steady at CA$11.6m. Gas Utilities industry in Canada expected to see average net income growth of 7.9% next year. Consensus price target of CA$4.83 unchanged from last update. Share price fell 3.3% to CA$2.93 over the past week.
Reported Earnings • May 26First quarter 2023 earnings: EPS exceeds analyst expectations while revenues lag behindFirst quarter 2023 results: CA$0.066 loss per share (further deteriorated from CA$0.016 loss in 1Q 2022). Revenue: CA$1.68m (up 18% from 1Q 2022). Net loss: CA$907.0k (loss widened 314% from 1Q 2022). Revenue missed analyst estimates by 3.4%. Earnings per share (EPS) exceeded analyst estimates by 6.7%. Revenue is forecast to grow 43% p.a. on average during the next 3 years, compared to a 2.1% growth forecast for the Gas Utilities industry in North America.
お知らせ • May 19EverGen Infrastructure Corp. to Report Q1, 2023 Results on May 24, 2023EverGen Infrastructure Corp. announced that they will report Q1, 2023 results on May 24, 2023
Reported Earnings • Apr 14Full year 2022 earnings released: CA$0.30 loss per share (vs CA$0.18 loss in FY 2021)Full year 2022 results: CA$0.30 loss per share (further deteriorated from CA$0.18 loss in FY 2021). Revenue: CA$7.46m (down 22% from FY 2021). Net loss: CA$4.10m (loss widened 110% from FY 2021). Revenue is forecast to grow 40% p.a. on average during the next 3 years, compared to a 1.4% growth forecast for the Gas Utilities industry in North America.
Board Change • Dec 31High number of new and inexperienced directorsThere are 5 new directors who have joined the board in the last 3 years. The company's board is composed of: 5 new directors. No experienced directors. No highly experienced directors. Co-Founder, CEO & Director Chase Edgelow is the most experienced director on the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors.
Major Estimate Revision • Nov 28Consensus EPS estimates fall by 110%The consensus outlook for earnings per share (EPS) in 2022 has deteriorated. 2022 revenue forecast decreased from CA$8.42m to CA$7.90m. Losses expected to increase from CA$0.10 per share to CA$0.22. Gas Utilities industry in Canada expected to see average net income growth of 11% next year. Consensus price target down from CA$7.08 to CA$6.33. Share price was steady at CA$2.10 over the past week.
Breakeven Date Change • Nov 25Forecast breakeven date pushed back to 2024The 2 analysts covering EverGen Infrastructure previously expected the company to break even in 2023. New consensus forecast suggests losses will reduce by 65% per year to 2023. The company is expected to make a profit of CA$4.80m in 2024. Average annual earnings growth of 128% is required to achieve expected profit on schedule.
Reported Earnings • Nov 22Third quarter 2022 earnings released: CA$0.13 loss per share (vs CA$0.04 profit in 3Q 2021)Third quarter 2022 results: CA$0.13 loss per share (down from CA$0.04 profit in 3Q 2021). Revenue: CA$1.96m (up 1.0% from 3Q 2021). Net loss: CA$1.83m (down 472% from profit in 3Q 2021). Revenue is forecast to grow 71% p.a. on average during the next 3 years, compared to a 1.3% growth forecast for the Gas Utilities industry in North America.
Price Target Changed • Nov 16Price target decreased to CA$7.08Down from CA$8.00, the current price target is an average from 3 analysts. New target price is 226% above last closing price of CA$2.17. Stock is down 50% over the past year. The company is forecast to post a net loss per share of CA$0.10 next year compared to a net loss per share of CA$0.18 last year.
お知らせ • Nov 16EverGen Infrastructure Corp. to Report Q3, 2022 Results on Nov 21, 2022EverGen Infrastructure Corp. announced that they will report Q3, 2022 results at 4:00 PM, US Eastern Standard Time on Nov 21, 2022
お知らせ • Oct 07EverGen Infrastructure Corp. Appoints Sean Hennessy as Chief Financial OfficerEverGen Infrastructure Corp. announced the appointment of Sean Hennessy as Chief Financial Officer (“CFO”), effective immediately. Prior to his appointment as CFO, Sean held the position of Vice President, Finance & Controller. Sean is a chartered accountant with over 15 years of finance and accounting experience in the clean energy and infrastructure industries, which includes ten years at a global energy infrastructure company owned by Brookfield Business Partners. Sean obtained his Chartered Accountant designation while at PwC New Zealand, where he worked in both the tax and assurance practices, before transitioning to Canada. He is experienced with financial reporting for public companies under both IFRS and US GAAP, on both the New York Stock Exchange and the Toronto Stock Exchange. Sean completed a Bachelor of Commerce and Administration (Accounting, Finance and Commercial Law) degree and a Bachelor of Science (Mathematics) degree at Victoria University of Wellington.
お知らせ • Oct 05EverGen Infrastructure Corp. Provides Development Update on Phase 1 of the GrowTEC RNG Expansion ProjectEverGen Infrastructure Corp. announce that construction on Phase 1 of the GrowTEC RNG Expansion Project is 80% complete and is tracking ahead of schedule. GrowTEC is an operating biogas facility which focuses on sustainable agriculture through the conversion of organic waste to soil amendments and clean energy. Since acquiring a 67% interest and assuming operatorship of the Project earlier this year, EverGen has been successful to date in implementing the Project designed to upgrade existing biogas and power production to renewable natural gas (RNG). The Project is finalising construction of the injection infrastructure for tie-in into the local pipeline network and is anticipated to be ready to commission in the next month. Once complete, Phase 1, is expected to produce 80,000 gigajoules of RNG annually, which is underpinned by a long-term offtake agreement with FortisBC. The Phase 2 expansion is expected to add an additional 60,000 gigajoules of RNG annually for a total of 140,000 gigajoules of RNG production annually from the Project.
お知らせ • Aug 26EverGen Infrastructure Corp., Annual General Meeting, Nov 01, 2022EverGen Infrastructure Corp., Annual General Meeting, Nov 01, 2022.
Reported Earnings • Aug 24Second quarter 2022 earnings: EPS and revenues miss analyst expectationsSecond quarter 2022 results: CA$0.041 loss per share (down from CA$0.04 profit in 2Q 2021). Revenue: CA$2.36m (up 22% from 2Q 2021). Net loss: CA$546.0k (down 211% from profit in 2Q 2021). Revenue missed analyst estimates by 20%. Earnings per share (EPS) were also behind analyst expectations. Over the next year, revenue is forecast to grow 62% compared to a 3.8% decline forecast for the Gas Utilities industry in Canada.
お知らせ • Aug 10EverGen Infrastructure Corp. to Report Q2, 2022 Results on Aug 23, 2022EverGen Infrastructure Corp. announced that they will report Q2, 2022 results After-Market on Aug 23, 2022
お知らせ • Jul 15EverGen Infrastructure Corp. (TSXV:EVGN) completed the acquisition of a 67% stake in Alberta Based Renewable Natural Gas Facility from Grow the Energy Circle Ltd. for CAD 7.7 million.EverGen Infrastructure Corp. (TSXV:EVGN) entered into a Letter Of Intent to acquire a 67% stake in Alberta Based Renewable Natural Gas Facility from Grow the Energy Circle Ltd. for CAD 10.1 million on March 4, 2022. The consideration for the transaction will be CAD 6.6 million consisting of an initial cash consideration of CAD 3.3 million and the issuance of 600,000 common shares of EverGen. Additional cash consideration of up to CAD 4 million will be made upon achievement of certain milestones. Consideration for EverGen’s interest in the project will be funded from existing working capital and cash flow. GrowTEC will have the right to nominate a Director to the EverGen board at closing of the proposed transaction. Completion of the proposed transaction remains subject to a number of conditions, including the satisfactory completion of due diligence, the receipt of any required regulatory approvals including TSXV approval and the negotiation of definitive documentation. Closing of the proposed transaction is expected to be completed in Spring of 2022. EverGen Infrastructure Corp. (TSXV:EVGN) completed the acquisition of a 67% stake in Alberta Based Renewable Natural Gas Facility from Grow the Energy Circle Ltd. for CAD 7.7 million on July 14, 2022. EverGen acquired a 67% interest in the project for cash consideration of CAD 2.1 million, subject to working capital adjustments, and the issuance of 600,000 common shares of EverGen that were issued on July 13, 2022. Additional cash consideration of up to CAD 4.0 million will be made upon achievement of certain operational milestones.
お知らせ • May 24EverGen Infrastructure Corp. to Report Q1, 2022 Results on May 24, 2022EverGen Infrastructure Corp. announced that they will report Q1, 2022 results After-Market on May 24, 2022
Breakeven Date Change • Apr 27Forecast breakeven date moved forward to 2022The 2 analysts covering EverGen Infrastructure previously expected the company to break even in 2023. New consensus forecast suggests the company will make a profit of CA$400.0k in 2022. Earnings growth of 100% is required to achieve expected profit on schedule.
お知らせ • Apr 21EverGen Infrastructure Corp. to Report Q4, 2021 Results on Apr 21, 2022EverGen Infrastructure Corp. announced that they will report Q4, 2021 results After-Market on Apr 21, 2022
Major Estimate Revision • Mar 12Consensus EPS estimates fall by 12%The consensus outlook for earnings per share (EPS) in 2021 has deteriorated. 2021 revenue forecast decreased from CA$8.70m to CA$8.55m. Losses expected to increase from CA$0.08 per share to CA$0.09. Commercial Services industry in Canada expected to see average net income growth of 83% next year. Consensus price target of CA$9.67 unchanged from last update. Share price rose 8.0% to CA$4.97 over the past week.
Executive Departure • Dec 06Chief Financial Officer Jennifer Schilling has left the companyDuring their tenure, earnings grew by 35% annually compared to the industry average of 1.7%. We don't have any record of a personal shareholding under Jennifer's name. Jennifer is the only executive to leave the company over the last 12 months.
Major Estimate Revision • Nov 30Consensus forecasts updatedThe consensus outlook for 2021 has been updated. 2021 revenue forecast fell from CA$8.85m to CA$8.70m. 2021 losses expected to reduce from -CA$0.10 to -CA$0.085 per share. Commercial Services industry in Canada expected to see average net income growth of 96% next year. Consensus price target down from CA$10.00 to CA$9.67. Share price rose 37% to CA$5.29 over the past week.
お知らせ • Aug 05EverGen Infrastructure Corp. has completed an IPO in the amount of CAD 20.02 million.EverGen Infrastructure Corp. has completed an IPO in the amount of CAD 20.02 million. Security Name: Units Security Type: Equity/Derivative Unit Securities Offered: 2,926,000 Price\Range: CAD 6.5 Discount Per Security: CAD 0.39 Security Name: Units Security Type: Equity/Derivative Unit Securities Offered: 154,000 Price\Range: CAD 6.5 Discount Per Security: CAD 0.195
