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Evertz Technologies Limited (ET.TO)

Toronto - Toronto Real Time Price. Currency in CAD
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12.69+0.17 (+1.36%)
At close: 04:00PM EST
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  • T
    Trade Baiters
    Recent report indicates the company is about 16% below fair value based on DCF.

    Analysts indicated that a consensus share price is above 16/share. Currently trading below 13, and with a solid dividend payout, Evertz may be a stock that should be on your radar.

    Downside to the stock is the lack of massive growth potential in contrast to other companies in similar spaces. The low volume also makes it difficult to enter and exit so be aware of that when taking a position.

    Overall fairly bullish on Evertz, but holding for the fairly stable SP and the dividend payout.
  • K
    K
    Revenues looks great ! Good thing is that they never exaggerate anything about their earnings
  • N
    Naveed
    Another position added to my dividend only portfolio today. I'm about to interview the CEO soon and will post my thoughts after the interview for anyone interested. I like where they're headed and where the industry is headed in general.
  • N
    Naveed
    Alright guys just finished my Interview with Doug Moore and here is what he said.
    1) I asked about the decline in revenues and he mentioned that it was mainly Covid. They were doing okay and even growing until about March and then they hit a wall. But revenues have picked up and they've done a lot of shipments in the first month of this quarter already.

    2) They are moving more towards a licensing and SaaS model. Their margins reflect this. More of their acquisitions will be also to acquire technology as they want to stay at the forefront in this industry

    3) They don't have a specific company that they consider to be a competitor. However, there are lots of companies that provide various components IE: for switches Cisco would be a competitor but Cisco is not a competitor for broadcasting technology.

    4) Their main customers are all major content creators like Disney, Discovery, Time Warner etc. No longer actual channel broadcasters like CTV, CNN etc.

    5) No plans for NASDAQ. They have heavy insider ownership and they don't want to give up their shares.

    6) No comments on shorts. They don't look at it. They let their technology and growth speak for themselves.

    That's about it. Doug was a great person to talk to and i feel better increasing my position in this as more dips occur. GLTA
  • S
    Steve
    In 2021 people consume video content almost every waking minute, yet this sleepy 55 year old company missed the boat on internet streaming. The dividends are attractive, but paying out 86% of their profits to shareholders means they aren't going to make anything new.
    Bearish
  • d
    daniel
    This company has been slowly decreasing retained earnings YOY. In 20-30 years their retained earnings will literally reach 0. This management team owns about 60% of the shares and pays itself along with all shareholders a massive dividend every three years. I mean if you’re in it solely for the dividends only to dump it soon sure, but long term investors, am I missing something? This management team is literally running this company into the ground.
  • W
    Willy
    Been pretty quiet on here with this stock, just bought some a few days ago. Anyone with any opinions?
  • J
    Johnny
    Can't buy on Interactive Brokers, where are you guys getting this?
  • R
    Rick
    You have to wonder why a company waits until the last minute to report - I'd say June 17th to report 4th quarter and FY 2020 results is stretching it to the limit and the only reason a company reports so late is that the numbers are going to be terrible!!!!!!!! But since Q1-22 ending June is just about over, MANAGEMENT IS HOPING THAT THINGS ARE GOOD FOR Q1-22 and that they can at least give some hope for this quarter. ET's EBIT for the last few quarters was supported by some loyal customers putting early orders even though they likely did not need the equipment and by the Liberal Govt CERB and other support programs. Otherwise the Q321 quarter would have been a disaster!!! I am good to buy ET around $10 CAD.....
  • K
    K
    No other tech companies perform this good and payout this huge dividends.
    Bullish
  • R
    R
    Strong earnings today - this company gets hurt by a strong CAD. Earnings from operations were up 25% before effects of FX. My rough calculation is that every cent higher CAD goes, they lose about $1M in earnings (or 0.013 EPS). In the last week, CAD is down nearly 2 cents which is good news for Evertz.
  • N
    Naveed
    any longs here? what do you think about the last two acquisitions?

    I feel like they're pivoting to sports media and perhaps getting to ready to sell real time sports data to sports betting apps
  • a
    anonymous
    There isn't much room for movement since insiders own 66% and they are flush with stock value and no debt.
    If no shares move then the share value doesn't move much so waiting a long time for the share value to go up. The only upside is a dividend as long as they keep it.
    Neutral
  • R
    R
    Couple updates from analysts after yesterday’s earnings (via Globe & Mail): Canaccord - target $16.50 “buy” and Raymond James $16.50 “outperform”
  • J
    Jamie
    Decent top-line results, with the first quarterly growth in Canada/US in 6 quarters, International dragged down by fx and can be lumpy especially considering pandemic restrictions.

    Aside from that, VERY strong Operating Income growth ex fx loss and stock comp (+28%) and backlog and 1st month shipments were very strong and are at new record levels.

    Once they lap 1Q21 low EPS in a couple of months, this is trading around 17X trailing earnings.
  • J
    Jamie
    Evertz has been putting up a few quarters of good results so it looks like they're gaining some operational momentum. They have an outstanding balance sheet and pay a nice dividend (they're able to invest in R&D and still accumulate cash so it's not excessive).
  • s
    shane
    Payout ratio is too high
  • R
    Ram
    from which bank can i buy this stock
  • J
    Jamie
    Results look ok, actually a bit better than the previous quarter considering it benefited from a 25% customer. And excluding the fx loss (which is normal), they beat estimates, backlog is at record levels, solid divy, this thing is way too cheap.
    Bullish
  • H
    Hubert
    Has no-one any love for Evertz here? At least they pay a nice dividend
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