We cut our fair value estimate for EVT by 7% to AUD 12.50 per share. Challenging operating conditions that led to the 19% slump in fiscal 2024 underlying EBITDA (pre-AASB 16) to AUD 151 million show no signs of easing.
EVT has a solid culture and management team with a track record of exploiting mature assets to maximize cash flow. This in turn leads to strong and maintainable sources of fully franked dividends.
EVT operates in mature and cyclical industries leveraged to discretionary expenditure.
|
Metric
|
EVT
|
WEB
|
FLT
|
|---|---|---|---|
Price/Earnings (Normalized) | 42.65 | 24.29 | 28.05 |
Price/Book Value | 1.75 | 2.85 | 3.86 |
Price/Sales | 1.46 | 6.20 | 2.18 |
Price/Cash Flow | 7.76 | 15.89 | 14.02 |
|
Metric
|
EVT
|
WEB
|
FLT
|
|---|---|---|---|
Quick Ratio | 0.44 | 1.55 | 0.89 |
Current Ratio | 0.56 | 1.60 | 1.08 |
Interest Coverage | 1.79 | 3.37 | 3.29 |
|
Metric
|
EVT
|
WEB
|
FLT
|
|---|---|---|---|
Return on Assets (Normalized) | 1.28% | 5.55% | 5.50% |
Return on Equity (Normalized) | 3.43% | 10.78% | 19.68% |
Return on Invested Capital (Normalized) | 2.97% | 10.26% | 11.27% |
|
1-Day Chart
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Morningstar Rating for Stocks
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United States