Loading...

Evertz Technologies

TSX:ET
Snowflake Description

Flawless balance sheet average dividend payer.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
ET
TSX
CA$1B
Market Cap
  1. Home
  2. CA
  3. Tech
Company description

Evertz Technologies Limited designs, manufactures, and distributes video and audio infrastructure solutions for the production, post–production, broadcast, and telecommunications markets in Canada, the United States, and internationally. The last earnings update was 41 days ago. More info.


Add to Portfolio Compare Print
ET Share Price and Events
7 Day Returns
-0.1%
TSX:ET
0.3%
CA Electronic
0.9%
CA Market
1 Year Returns
1.7%
TSX:ET
-6.1%
CA Electronic
3.8%
CA Market
ET Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Evertz Technologies (ET) -0.1% 5.1% 13.2% 1.7% 2.4% 5.7%
CA Electronic 0.3% 3% 4.9% -6.1% 0.2% 4.3%
CA Market 0.9% 2.9% 7.8% 3.8% 15.6% 7.5%
1 Year Return vs Industry and Market
  • ET outperformed the Electronic industry which returned -6.1% over the past year.
  • ET underperformed the Market in Canada which returned 3.8% over the past year.
Price Volatility
ET
Industry
5yr Volatility vs Market
Related Companies

ET Value

 Is Evertz Technologies undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Evertz Technologies to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Evertz Technologies.

TSX:ET Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 3 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 6.8%
Perpetual Growth Rate 10-Year CA Government Bond Rate 1.9%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for TSX:ET
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year CA Govt Bond Rate 1.9%
Equity Risk Premium S&P Global 6%
Electronic Unlevered Beta Simply Wall St/ S&P Global 0.72
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.719 (1 + (1- 26.5%) (0.04%))
0.812
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.81
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 1.95% + (0.812 * 5.96%)
6.79%

Discounted Cash Flow Calculation for TSX:ET using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Evertz Technologies is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

TSX:ET DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (CAD, Millions) Source Present Value
Discounted (@ 6.79%)
2019 89.00 Analyst x1 83.34
2020 56.00 Analyst x1 49.11
2021 52.76 Est @ -5.78% 43.33
2022 50.94 Est @ -3.46% 39.17
2023 50.00 Est @ -1.84% 36.01
2024 49.65 Est @ -0.7% 33.49
2025 49.70 Est @ 0.09% 31.39
2026 50.02 Est @ 0.65% 29.58
2027 50.54 Est @ 1.04% 27.99
2028 51.20 Est @ 1.31% 26.56
Present value of next 10 years cash flows CA$399.98
TSX:ET DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= CA$51.20 × (1 + 1.95%) ÷ (6.79% – 1.95%)
CA$1,078.90
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= CA$1,078.90 ÷ (1 + 6.79%)10
CA$559.59
TSX:ET Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= CA$399.98 + CA$559.59
CA$959.57
Equity Value per Share
(CAD)
= Total value / Shares Outstanding
= CA$959.57 / 76.52
CA$12.54
TSX:ET Discount to Share Price
Calculation Result
Value per share (CAD) From above. CA$12.54
Current discount Discount to share price of CA$17.78
= -1 x (CA$17.78 - CA$12.54) / CA$12.54
-41.8%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of Evertz Technologies is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Evertz Technologies's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Evertz Technologies's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
TSX:ET PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-01-31) in CAD CA$0.88
TSX:ET Share Price ** TSX (2019-04-22) in CAD CA$17.78
Canada Electronic Industry PE Ratio Median Figure of 6 Publicly-Listed Electronic Companies 15.88x
Canada Market PE Ratio Median Figure of 557 Publicly-Listed Companies 15.08x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Evertz Technologies.

TSX:ET PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= TSX:ET Share Price ÷ EPS (both in CAD)

= 17.78 ÷ 0.88

20.15x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Evertz Technologies is overvalued based on earnings compared to the CA Electronic industry average.
  • Evertz Technologies is overvalued based on earnings compared to the Canada market.
Price based on expected Growth
Does Evertz Technologies's expected growth come at a high price?
Raw Data
TSX:ET PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 20.15x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 3 Analysts
9.9%per year
North America Electronic Industry PEG Ratio Median Figure of 62 Publicly-Listed Electronic Companies 1.45x
Canada Market PEG Ratio Median Figure of 256 Publicly-Listed Companies 1.21x

*Line of best fit is calculated by linear regression .

TSX:ET PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 20.15x ÷ 9.9%

2.04x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Evertz Technologies is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Evertz Technologies's assets?
Raw Data
TSX:ET PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-01-31) in CAD CA$4.54
TSX:ET Share Price * TSX (2019-04-22) in CAD CA$17.78
Canada Electronic Industry PB Ratio Median Figure of 20 Publicly-Listed Electronic Companies 2.26x
Canada Market PB Ratio Median Figure of 2,379 Publicly-Listed Companies 1.5x
TSX:ET PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= TSX:ET Share Price ÷ Book Value per Share (both in CAD)

= 17.78 ÷ 4.54

3.92x

* Primary Listing of Evertz Technologies.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Evertz Technologies is overvalued based on assets compared to the CA Electronic industry average.
X
Value checks
We assess Evertz Technologies's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Electronic industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Electronic industry average (and greater than 0)? (1 check)
  5. Evertz Technologies has a total score of 0/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

ET Future Performance

 How is Evertz Technologies expected to perform in the next 1 to 3 years based on estimates from 3 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
9.9%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Evertz Technologies expected to grow at an attractive rate?
  • Evertz Technologies's earnings growth is expected to exceed the low risk savings rate of 1.9%.
Growth vs Market Checks
  • Evertz Technologies's earnings growth is positive but not above the Canada market average.
  • Evertz Technologies's revenue growth is positive but not above the Canada market average.
Annual Growth Rates Comparison
Raw Data
TSX:ET Future Growth Rates Data Sources
Data Point Source Value (per year)
TSX:ET Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 3 Analysts 9.9%
TSX:ET Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 3 Analysts 6%
Canada Electronic Industry Earnings Growth Rate Market Cap Weighted Average 13.9%
Canada Electronic Industry Revenue Growth Rate Market Cap Weighted Average 6.3%
Canada Market Earnings Growth Rate Market Cap Weighted Average 18%
Canada Market Revenue Growth Rate Market Cap Weighted Average 7.1%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
TSX:ET Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 3 Analyst Estimates (S&P Global) See Below
All numbers in CAD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
TSX:ET Future Estimates Data
Date (Data in CAD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-04-30 493 86 1
2020-04-30 462 78 3
2019-04-30 437 72 3
TSX:ET Past Financials Data
Date (Data in CAD Millions) Revenue Cash Flow Net Income *
2019-01-31 429 83 68
2018-10-31 408 86 60
2018-07-31 397 90 57
2018-04-30 403 98 53
2018-01-31 417 86 65
2017-10-31 408 61 61
2017-07-31 406 77 64
2017-04-30 384 65 69
2017-01-31 374 69 57
2016-10-31 383 92 71
2016-07-31 384 103 70
2016-04-30 382 91 70

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Evertz Technologies's earnings are expected to grow by 9.9% yearly, however this is not considered high growth (20% yearly).
  • Evertz Technologies's revenue is expected to grow by 6% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
TSX:ET Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 3 Analyst Estimates (S&P Global) See Below

All data from Evertz Technologies Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

TSX:ET Future Estimates Data
Date (Data in CAD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-04-30 1.12 1.12 1.12 1.00
2020-04-30 1.03 1.05 1.00 2.00
2019-04-30 0.95 0.97 0.93 2.00
TSX:ET Past Financials Data
Date (Data in CAD Millions) EPS *
2019-01-31 0.88
2018-10-31 0.79
2018-07-31 0.75
2018-04-30 0.70
2018-01-31 0.86
2017-10-31 0.80
2017-07-31 0.85
2017-04-30 0.92
2017-01-31 0.76
2016-10-31 0.96
2016-07-31 0.95
2016-04-30 0.94

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Evertz Technologies will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Evertz Technologies's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Canada market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Canada market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Evertz Technologies has a total score of 1/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

ET Past Performance

  How has Evertz Technologies performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Evertz Technologies's growth in the last year to its industry (Electronic).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Evertz Technologies's year on year earnings growth rate was negative over the past 5 years, however the most recent earnings are above average.
  • Evertz Technologies's 1-year earnings growth exceeds its 5-year average (3.1% vs -1.8%)
  • Evertz Technologies's earnings growth has not exceeded the CA Electronic industry average in the past year (3.1% vs 92.5%).
Earnings and Revenue History
Evertz Technologies's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Evertz Technologies Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

TSX:ET Past Revenue, Cash Flow and Net Income Data
Date (Data in CAD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-01-31 429.30 67.50 75.04 79.96
2018-10-31 407.93 60.34 72.81 78.34
2018-07-31 396.91 57.28 72.75 76.56
2018-04-30 402.83 53.09 73.43 74.06
2018-01-31 416.58 65.44 72.47 69.80
2017-10-31 408.08 60.55 73.26 68.31
2017-07-31 406.42 63.85 72.17 66.31
2017-04-30 384.43 69.16 71.09 64.34
2017-01-31 374.07 56.71 69.93 60.75
2016-10-31 382.74 71.30 68.46 59.13
2016-07-31 383.71 70.20 67.63 57.47
2016-04-30 381.55 70.22 67.19 56.40
2016-01-31 377.16 73.05 66.38 56.73
2015-10-31 368.13 69.84 66.20 55.47
2015-07-31 350.46 64.50 66.16 54.48
2015-04-30 363.61 65.50 64.97 54.07
2015-01-31 358.87 69.27 64.55 53.34
2014-10-31 361.33 69.54 65.46 51.77
2014-07-31 359.68 70.81 64.17 50.66
2014-04-30 325.52 63.14 62.04 47.90
2014-01-31 303.70 56.55 60.63 45.84
2013-10-31 282.29 48.25 58.19 43.54
2013-07-31 284.20 51.73 57.59 41.67
2013-04-30 316.31 64.59 58.33 39.67
2013-01-31 327.23 69.86 57.70 38.15
2012-10-31 326.90 69.51 57.04 37.06
2012-07-31 314.23 66.60 56.03 34.90
2012-04-30 293.40 59.54 53.91 34.33

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Evertz Technologies has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Evertz Technologies used its assets more efficiently than the CA Electronic industry average last year based on Return on Assets.
  • Evertz Technologies's use of capital has not improved over the past 3 years (Return on Capital Employed).
X
Past performance checks
We assess Evertz Technologies's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Electronic industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Evertz Technologies has a total score of 2/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

ET Health

 How is Evertz Technologies's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Evertz Technologies's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Evertz Technologies is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Evertz Technologies's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Evertz Technologies's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 651.9x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Evertz Technologies Company Filings, last reported 2 months ago.

TSX:ET Past Debt and Equity Data
Date (Data in CAD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-01-31 349.35 0.59 104.17
2018-10-31 340.75 0.68 78.95
2018-07-31 334.06 0.92 102.66
2018-04-30 331.28 0.90 94.18
2018-01-31 336.34 0.89 98.22
2017-10-31 329.47 0.91 54.02
2017-07-31 324.31 0.95 72.79
2017-04-30 321.77 1.01 54.27
2017-01-31 311.73 0.97 64.09
2016-10-31 394.04 1.03 133.36
2016-07-31 373.78 1.08 125.38
2016-04-30 369.74 1.13 123.10
2016-01-31 378.15 1.24 129.92
2015-10-31 367.63 1.17 97.49
2015-07-31 369.18 1.22 97.13
2015-04-30 356.86 1.25 100.68
2015-01-31 359.59 1.44 103.30
2014-10-31 348.49 1.50 90.38
2014-07-31 344.70 1.64 103.37
2014-04-30 336.42 1.79 101.96
2014-01-31 332.11 1.88 118.78
2013-10-31 420.43 1.84 208.19
2013-07-31 413.90 1.87 211.00
2013-04-30 409.74 1.93 220.67
2013-01-31 412.60 2.08 224.32
2012-10-31 403.57 2.06 215.34
2012-07-31 393.76 2.06 181.36
2012-04-30 379.95 2.28 185.67
  • Evertz Technologies's level of debt (0.2%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (0.6% vs 0.2% today).
  • Debt is well covered by operating cash flow (14150.6%, greater than 20% of total debt).
  • Evertz Technologies earns more interest than it pays, coverage of interest payments is not a concern.
X
Financial health checks
We assess Evertz Technologies's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Evertz Technologies has a total score of 6/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

ET Dividends

 What is Evertz Technologies's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
4.05%
Current annual income from Evertz Technologies dividends.
If you bought CA$2,000 of Evertz Technologies shares you are expected to receive CA$81 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Evertz Technologies's pays a higher dividend yield than the bottom 25% of dividend payers in Canada (2.04%).
  • Evertz Technologies's dividend is below the markets top 25% of dividend payers in Canada (5.54%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
TSX:ET Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 3 Analyst Estimates (S&P Global) See Below
North America Electronic Industry Average Dividend Yield Market Cap Weighted Average of 39 Stocks 1.5%
Canada Market Average Dividend Yield Market Cap Weighted Average of 331 Stocks 3.4%
Canada Minimum Threshold Dividend Yield 10th Percentile 1.2%
Canada Bottom 25% Dividend Yield 25th Percentile 2%
Canada Top 25% Dividend Yield 75th Percentile 5.5%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

TSX:ET Future Dividends Estimate Data
Date (Data in CA$) Dividend per Share (annual) Avg. No. Analysts
2021-04-30
2020-04-30
2019-04-30
TSX:ET Past Annualized Dividends Data
Date (Data in CA$) Dividend per share (annual) Avg. Yield (%)
2019-03-13 0.720 4.162
2018-12-05 0.720 4.478
2018-09-11 0.720 4.536
2018-06-19 0.720 4.551
2018-03-01 0.720 4.198
2017-12-14 0.720 4.089
2017-09-12 0.720 3.878
2017-06-13 0.720 4.027
2017-03-01 0.720 4.320
2016-12-01 0.720 4.260
2016-09-06 0.720 4.352
2016-06-08 0.720 4.060
2016-03-02 0.720 4.176
2015-12-02 0.720 4.205
2015-09-08 0.720 4.658
2015-06-10 0.720 4.504
2015-03-04 0.720 4.379
2014-12-03 0.720 4.161
2014-09-08 0.640 3.873
2014-06-11 0.640 3.659
2014-03-04 0.640 3.847
2013-11-25 0.640 3.909
2013-09-12 0.640 3.954
2013-06-12 0.640 4.383
2013-03-05 0.640 4.110
2012-12-04 0.560 3.471
2012-09-13 0.560 3.834
2012-06-13 0.560 4.294
2012-03-06 0.560 4.007
2011-12-06 0.480 3.686
2011-09-06 0.480 3.856
2011-06-15 0.480 3.786
2011-03-08 0.400 2.364
2010-12-07 0.400 2.221
2010-09-08 0.400 2.419
2010-07-05 0.320 2.177
2010-03-04 0.320 2.377
2009-12-08 0.320 2.219
2009-09-08 0.320 2.257
2009-06-17 0.320 2.071
2009-04-24 0.320 2.003

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Dividends per share have been stable in the past 10 years.
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of Evertz Technologies's earnings are paid to the shareholders as a dividend.
  • Dividends paid are covered by earnings (1.2x coverage).
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Evertz Technologies's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.2%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Evertz Technologies afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Evertz Technologies has a total score of 4/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

ET Management

 What is the CEO of Evertz Technologies's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Romolo Magarelli
COMPENSATION CA$1,140,000
AGE 51
CEO Bio

Mr. Romolo Magarelli serves as the Chief Executive Officer and President of Evertz Technologies Limited. Mr. Magarelli was employed at Leitch Corporation from 1991 to 1997 and served as Senior Manager of Hardware Development. Mr. Magarelli has more than 15 years of high technology design and manufacturing experience. He has been a Director of Evertz Technologies Limited since 1997. Mr. Magarelli is a professional engineer and holds a Bachelor of Electrical Engineering degree from the University of Waterloo and is a Member of Professional Engineers of Ontario.

CEO Compensation
  • Romolo's compensation has been consistent with company performance over the past year.
  • Romolo's remuneration is lower than average for companies of similar size in Canada.
Management Team Tenure

Average tenure and age of the Evertz Technologies management team in years:

10.8
Average Tenure
54
Average Age
  • The average tenure for the Evertz Technologies management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Doug DeBruin

TITLE
Executive Chairman & Executive VP of Administration
COMPENSATION
CA$1M
AGE
55

Romolo Magarelli

TITLE
President
COMPENSATION
CA$1M
AGE
51

Anthony Gridley

TITLE
CFO & Corporate Secretary
COMPENSATION
CA$440K
AGE
53
TENURE
10.8 yrs

Rakesh Patel

TITLE
CTO & Director
COMPENSATION
CA$2M
AGE
46
TENURE
10.8 yrs

Vince Silvestri

TITLE
Vice-President of Software Systems
COMPENSATION
CA$1M
TENURE
8.3 yrs

Brian Campbell

TITLE
Executive Vice-President of Business Development
COMPENSATION
CA$898K
AGE
56
TENURE
14.3 yrs

Antoniella Assalone

TITLE
Controller
TENURE
10.8 yrs

Simon Reed

TITLE
Managing Director of Evertz UK
COMPENSATION
CA$248K
AGE
54

Eric Fankhauser

TITLE
Vice President of Product Development
COMPENSATION
CA$800K
AGE
54
TENURE
19.3 yrs

Doug Moore

TITLE
Director of Finance
Board of Directors Tenure

Average tenure and age of the Evertz Technologies board of directors in years:

13.3
Average Tenure
51
Average Age
  • The average tenure for the Evertz Technologies board of directors is over 10 years, this suggests they are a seasoned and experienced board.
Board of Directors

Doug DeBruin

TITLE
Executive Chairman & Executive VP of Administration
COMPENSATION
CA$1M
AGE
55

Romolo Magarelli

TITLE
President
COMPENSATION
CA$1M
AGE
51
TENURE
22.3 yrs

Rakesh Patel

TITLE
CTO & Director
COMPENSATION
CA$2M
AGE
46
TENURE
4.3 yrs

Ian McWalter

TITLE
Independent Director
COMPENSATION
CA$42K
TENURE
13.3 yrs

Chris Colclough

TITLE
Independent Director
COMPENSATION
CA$37K
AGE
76
TENURE
14.3 yrs

Thomas Pistor

TITLE
Independent Director
COMPENSATION
CA$27K
AGE
46
TENURE
13.3 yrs

Brian Piccioni

TITLE
Independent Director
COMPENSATION
CA$24K
TENURE
4.3 yrs
Who owns this company?
Recent Insider Trading
  • Evertz Technologies insiders have only sold shares in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (CA$) Value (CA$)
01. Apr 19 Sell Rakesh Patel Individual 28. Mar 19 29. Mar 19 -100,000 CA$17.02 CA$-1,701,254
X
Management checks
We assess Evertz Technologies's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Evertz Technologies has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

ET News

Simply Wall St News

Does Evertz Technologies's (TSE:ET) Share Price Gain of 12% Match Its Business Performance?

For example, long term Evertz Technologies Limited (TSE:ET) shareholders have enjoyed a 12% share price rise over the last half decade, well in excess of the market return of around 7.6% (not including dividends). … One way to examine how market sentiment has changed over time is to look at the interaction between a company's share price and its earnings per share (EPS). … During five years of share price growth, Evertz Technologies achieved compound earnings per share (EPS) growth of 2.9% per year.

Simply Wall St -

A Spotlight On Evertz Technologies Limited's (TSE:ET) Fundamentals

I've been keeping an eye on Evertz Technologies Limited (TSE:ET) because I'm attracted to its fundamentals. … Looking at the company as a whole, as a potential stock investment, I believe ET has a lot to offer. … that has been able to sustain great financial health over the past

Simply Wall St -

Should Evertz Technologies Limited (TSE:ET) Be Part Of Your Portfolio?

A large part of investment returns can be generated by dividend-paying stock given their role in compounding returns over time. … Historically, Evertz Technologies Limited (TSE:ET) has paid a dividend to shareholders. … Let's take a look at Evertz Technologies in more detail.

Simply Wall St -

Calculating The Fair Value Of Evertz Technologies Limited (TSE:ET)

I am going to run you through how I calculated the intrinsic value of Evertz Technologies Limited (TSE:ET). … by estimating the company's future cash flows and discounting them to their present value. … Anyone interested in learning a bit more about intrinsic value should have a read of the Simply Wall St analysis model.

Simply Wall St -

Why Evertz Technologies Limited’s (TSE:ET) Return On Capital Employed Is Impressive

Specifically, we're going to calculate its Return On Capital Employed (ROCE), in the hopes of getting some insight into the business. … Return On Capital Employed (ROCE): What is it? … ROCE measures the 'return' (pre-tax profit) a company generates from capital employed in its business.

Simply Wall St -

What Evertz Technologies Limited's (TSE:ET) ROE Can Tell Us

To keep the lesson grounded in practicality, we'll use ROE to better understand Evertz Technologies Limited (TSE:ET). … That means that for every CA$1 worth of shareholders' equity, it generated CA$0.18 in profit. … Return on Equity = Net Profit ÷ Shareholders' Equity

Simply Wall St -

Is Evertz Technologies Limited (TSE:ET) A Great Dividend Stock?

Historically, Evertz Technologies Limited (TSE:ET) has been paying a dividend to shareholders. … Does Evertz Technologies tick all the boxes of a great dividend stock? … See our latest analysis for Evertz Technologies

Simply Wall St -

Do You Know What Evertz Technologies Limited's (TSE:ET) P/E Ratio Means?

We'll show how you can use Evertz Technologies Limited's (TSE:ET) P/E ratio to inform your assessment of the investment opportunity. … Evertz Technologies has a P/E ratio of 20.61, based on the last twelve months. … Price to Earnings Ratio = Share Price ÷ Earnings per Share (EPS)

Simply Wall St -

Want To Invest In Evertz Technologies Limited (TSE:ET)? Here's How It Performed Lately

In this article, I will take a look at Evertz Technologies Limited's (TSE:ET) track record on a high level, to give you some insight into how the company has been performing against its historical trend and its industry peers. … See our latest analysis for Evertz Technologies? … Furthermore, this one-year growth rate has been lower than its average earnings growth rate over the past 5 years of 0.7%, indicating the rate at which ET is growing has slowed down

Simply Wall St -

Is Evertz Technologies Limited (TSE:ET) Worth CA$15.40 Based On Intrinsic Value?

In this article I am going to calculate the intrinsic value of Evertz Technologies Limited (TSE:ET). … by taking the foreast future cash flows of the company and discounting them back to today's value. … Anyone interested in learning a bit more about intrinsic value should have a read of the Simply Wall St analysis model

Simply Wall St -

ET Company Info

Description

Evertz Technologies Limited designs, manufactures, and distributes video and audio infrastructure solutions for the production, post–production, broadcast, and telecommunications markets in Canada, the United States, and internationally. The company offers contribution encoder, decoder, receiver, processing, and modulation products; and control panels, unified controls, master control switchers, accessories, and network management systems, as well as keyers, and media and logo inserters. It also provides encoding, transcoding, and multiplexing products comprising ASI/IP converters, multiplexers, scramblers, and modulators; contribution encoders/decoders; transport stream processors; and software defined accelerated encoding/transcoding/muxing products, as well as audio/data/RF transporters, CWDM/DWDM multiplexors, fiber routers, SONET/SDH transporters, and video transporters. In addition, the company offers infrastructure and conversion products that include audio/data embedder/de-embedder, audio processing, closed captioning, conversion, audio/video delay system, distribution amplifier, and frame synchronizer products; and IP audio/video processing, media gateway, switch routing, timing, and software defined network orchestration products. Further, it provides 3D, auto changeover, film/post graticule generator, master clock/SPG, slave clock, test/reference generator, and timecode products for live media production; EMS media server, mediator content manager, and live integrated playout products; and multiviewers. Additionally, the company offers antennas, demodulators, fiber transporters, routers/switchers, and splitters and distribution amplifiers; and audio, bypass and auto changeover, data/LTC/tally, fiber/RF, magnum unified control, and video routers, as well as panels. It serves content creators, broadcasters, specialty channels, and television service providers. The company was founded in 1966 and is headquartered in Burlington, Canada.

Details
Name: Evertz Technologies Limited
ET
Exchange: TSX
Founded: 1966
CA$1,360,521,083
76,519,746
Website: http://www.evertz.com
Address: Evertz Technologies Limited
5292 John Lucas Drive,
Burlington,
Ontario, L7L 5Z9,
Canada
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
TSX ET Common Shares The Toronto Stock Exchange CA CAD 30. Jun 2006
OTCPK EVTZ.F Common Shares Pink Sheets LLC US USD 30. Jun 2006
Number of employees
Current staff
Staff numbers
1,591
Evertz Technologies employees.
Industry
Electronic Equipment and Instruments
Tech
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/04/23 00:08
End of day share price update: 2019/04/22 00:00
Last estimates confirmation: 2019/03/14
Last earnings filing: 2019/03/13
Last earnings reported: 2019/01/31
Last annual earnings reported: 2018/04/30


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.