Does Evertz Technologies (TSE:ET) Have A Healthy Balance Sheet?
Apr 27
Canadian (TSX) Communications Equipment Industry Analysis
UpdatedJun 03, 2023
DataAggregated Company Financials
Companies15
- 7D0.2%
- 3M-4.5%
- 1Y14.9%
- YTD0.04%
Over the last 7 days, the Communications Equipment industry has remained flat, although notably Sangoma Technologies gained 11%. As for the the longer term, the industry is up 15% over the past 12 months. Earnings are forecast to grow by 107% annually.
Industry Valuation and Performance
Has the Canadian Communications Equipment Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Sat, 03 Jun 2023 | CA$3.6b | CA$2.3b | -CA$184,452,276.00 | 16.2x | -19.4x | 1.5x |
| Mon, 01 May 2023 | CA$3.6b | CA$2.4b | -CA$124,128,375.00 | 23.1x | -29x | 1.5x |
| Wed, 29 Mar 2023 | CA$3.5b | CA$2.4b | -CA$123,544,113.00 | 22.5x | -28.4x | 1.4x |
| Fri, 24 Feb 2023 | CA$3.6b | CA$2.4b | -CA$102,242,654.00 | 16.2x | -35.6x | 1.5x |
| Sun, 22 Jan 2023 | CA$3.6b | CA$2.4b | -CA$105,495,807.00 | 14.6x | -33.8x | 1.5x |
| Tue, 20 Dec 2022 | CA$3.5b | CA$2.4b | -CA$109,363,119.00 | 12.6x | -31.5x | 1.4x |
| Thu, 17 Nov 2022 | CA$3.3b | CA$2.4b | -CA$107,010,571.00 | 13x | -31x | 1.4x |
| Sat, 15 Oct 2022 | CA$3.5b | CA$2.2b | -CA$154,145,336.00 | 12.5x | -22.8x | 1.6x |
| Mon, 12 Sep 2022 | CA$3.8b | CA$2.1b | -CA$7,554,398.00 | 40.6x | -508.2x | 1.8x |
| Wed, 10 Aug 2022 | CA$3.7b | CA$2.0b | -CA$13,666,821.00 | 37x | -273.3x | 1.9x |
| Fri, 08 Jul 2022 | CA$3.3b | CA$2.0b | -CA$15,098,429.00 | 35x | -219.2x | 1.6x |
| Sun, 05 Jun 2022 | CA$3.3b | CA$2.0b | -CA$18,762,204.00 | 34.7x | -178.3x | 1.7x |
| Tue, 03 May 2022 | CA$3.1b | CA$1.7b | -CA$98,010,669.00 | 59.2x | -31.4x | 1.8x |
| Thu, 31 Mar 2022 | CA$3.4b | CA$1.7b | -CA$92,558,615.00 | 59.5x | -36.3x | 2x |
| Sat, 26 Feb 2022 | CA$3.2b | CA$1.6b | -CA$129,120,841.00 | 37.8x | -25x | 2x |
| Mon, 24 Jan 2022 | CA$3.1b | CA$1.5b | -CA$137,675,527.00 | 18.4x | -22.6x | 2x |
| Wed, 22 Dec 2021 | CA$3.3b | CA$1.6b | -CA$137,102,320.00 | 18.9x | -24x | 2.1x |
| Fri, 19 Nov 2021 | CA$3.6b | CA$1.5b | -CA$130,438,127.00 | 18.7x | -27.3x | 2.3x |
| Sun, 17 Oct 2021 | CA$4.0b | CA$1.9b | -CA$77,523,471.00 | 55.1x | -51.3x | 2.1x |
| Tue, 14 Sep 2021 | CA$3.3b | CA$1.5b | -CA$63,310,805.02 | 51.3x | -52.7x | 2.2x |
| Thu, 12 Aug 2021 | CA$3.4b | CA$1.5b | -CA$77,207,349.02 | 62.8x | -44.1x | 2.3x |
| Mon, 07 Jun 2021 | CA$3.4b | CA$1.5b | -CA$85,507,985.30 | 56x | -40.1x | 2.3x |
| Sun, 28 Feb 2021 | CA$3.5b | CA$1.5b | -CA$50,707,112.46 | 52.4x | -68.5x | 2.4x |
| Wed, 02 Dec 2020 | CA$2.8b | CA$1.7b | -CA$19,919,630.61 | 17.2x | -141.2x | 1.7x |
| Sat, 05 Sep 2020 | CA$2.5b | CA$1.5b | -CA$58,673,404.40 | 38.3x | -42.3x | 1.7x |
| Tue, 09 Jun 2020 | CA$2.4b | CA$1.6b | -CA$70,425,305.94 | 44.1x | -34.3x | 1.5x |
Price to Earnings Ratio
-34.3x
Current Industry PE
- Investors are pessimistic on the Canadian Communications Equipment industry, indicating that they anticipate long term growth rates will be lower than they have historically.
- The 3-year average PS ratio of 1.9x is higher than the industry's current PS ratio of 1.5x.
Past Earnings Growth
- The earnings for companies in the Communications Equipment industry have deteriorated over the last three years.
- Meanwhile revenues for these companies have grown 14% per year.
- This means that although more sales are being generated, either the cost of doing business or the level of investment back into businesses has increased, which has caused losses to expand.
Industry Comparison
How does Canadian Communications Equipment compare with similar industries?
| CA Market | 0.61% | |
| Tech | 1.68% | |
| Communications | 0.20% | |
| Communications Equipment | 0.20% | |
Industry PEThere are no additional sub-industries under this industry.
Forecasted GrowthThere are no additional sub-industries under this industry.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| STC Sangoma Technologies | CA$5.15 | 11.2% +CA$17.2m | -56.1% | PS0.5x | |
| QTRH Quarterhill | CA$1.31 | 7.4% +CA$10.3m | -37.3% | PS0.8x | |
| VCM Vecima Networks | CA$18.68 | 0.7% +CA$3.2m | 22.9% | PE17.7x | |
| ENA Enablence Technologies | CA$1.50 | 7.1% +CA$1.9m | 59.6% | PS10.3x |