EVT Ltd

EVT: XASX (AUS)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	A$39.30	Nqk	Mdymqqw

Near-Term Bumps Ahead for EVT but Midcycle Earnings Potential Is Intact

Brian Han

Jun 21, 2024

Business Strategy and Outlook

EVT earnings are generated from cinemas, hotels, the Thredbo ski resort, and a portfolio of property investments. The cinema unit is dependent on discretionary expenditure and popularity of films from studios, both Hollywood and foreign markets. The emergence of home entertainment systems, broadband-enabled streaming services and the shortening of the release window from film to home format pose an earnings risk longer-term. Cinema exhibitors such as EVT are focused on enhancing the moviegoing experience as a point of difference.

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