May 25, 2022

Evertz Technologies (ET)



Evertz Technologies (ET) is an innovative technology company that basically provides the hardware and software needed by the media industries in Canada, the USA, and even internationally.  In their own words Evertz, “Designs, manufactures and markets video and audio infrastructure equipment for the production, post production, broadcast and internet protocol television (IPTV) industry.”  Their clients range from small speciality channels, to mega telecommunications companies looking to build their IPTV prescence, to content creators themselves.  So it’s a techno stock providing services to media companies ;-). As the Canadian Dividend Stocks are shy of techno, I put ET in the Canadian Media Dividend Stocks.


EvertzEvertz Technologies (ET) was founded in 1966 and is headquartered in Burlington, Ontario.  They focus on, “Producing cutting edge products and responding to customer needs and market trends.”   The company now employs over 900 people.  Evertz believes that what sets their business model apart from their competitors within the industry is their commitment to research and development, their high manufacturing standards, and their loyalty to long-term business relationships.  Over the last couple of years Evertz (ET) has been focused on expanding internationally and have opened up locations in California, Croatia, Dubai, England, Hong Kong, New York, and Washington DC.


Evertz Technologies (ET) is one of the major players in finding solutions for the new High Definition Television (HDTV) environment.  They claim that their services make audio and visual communication companies more efficient through streamlining their signal routing, distribution, monitoring, and management of content operations.  They also specialize in the automation of previously manual tasks.  Evertz has been one of the pioneers in the Internet Protocol Television (IPTV) industry.


Evertz’s first quarter was not its finest hour as they had to report a 10% drop in earnings relative to the first quarter of 2010.  It seen sales drop from $75,285,000 to $68,532,000 and net earnings fell to $17,370,000 from $24,269,000.  In terms of earnings-per-share, the numbers dropped from $0.21 a year ago to $0.16.  That being said, the company recently released the details of a massive (relative to the overall size of the company) new 7 million dollar deal with an international buyer which is bound to help smooth out their quarterly and yearly numbers.  Evertz Technologies (ET) has a market cap of just under 1 billion dollars, and a price-to-earnings ratio of about 11.  It pays out a dividend worth $0.48 cents to its shareholders which gives the stock a respectable yield of 3.7%.  The company likely has some of the largest growth potential you’re going to see with a dividend that high, but I am biased towards larger market cap stocks that have a long history of raising their dividend.  If its long-term stability you’re looking for there are probably better choices out there.


Evertz Technologies (ET) Dividend Stock Graph



Evertz Technologies (ET) Dividend Metrics

TickerNamePriceDividend YieldPayout RatioINDUSTRY_SUBGROUPDEBT_TO_MKT_CAPDividend Growth 5 yearsDividend Growth 1 years
ETEvertz Technologies Ltd16.32.4538.19Industr Audio&Video Prod0.00N/A18.75


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