EVZ Limited (EVZ) AI Stock Analysis

• Market Cap: AU$37.06M
• Dividend Yield: N/A
• Average Volume (3M): 59.89K
• Price to Earnings (P/E): 3.4
• Beta (1Y): 0.33
• Revenue Growth: -9.21%
• EPS Growth: -42.37%
• Country: AU
• Employees: 400
• Sector: Industrials
• Sector Strength: 72
• Industry: Engineering & Construction
• EPS (TTM): 0.01
• Shares Outstanding: 121,503,040
• 10 Day Avg. Volume: 111,209
• 30 Day Avg. Volume: 59,889
• PEG Ratio: -0.37
• Price to Book (P/B): 0.56
• Price to Sales (P/S): 0.18
• P/FCF Ratio: 5.06
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): 0.02
• Revenue Forecast (FY): AU$114.90M

• Rating: 72 Outperform
• Price Target: AU$0.33 ▲(51.36% Upside)
• Action: Upgraded Date: 03/13/26
• Date: Action: Upgraded 03/13/26

The score is led by stable financial fundamentals (strong cash flow and low leverage) and an attractive low P/E valuation, while mixed profitability trends (declining net margins, inconsistent revenue) and only moderately supportive technical momentum keep the score from being higher.

Positive Factors

Strong cash generation

EVZ's reported strong free cash flow growth and positive operating-cash-to-net-income conversion indicate durable cash generation. This enhances capacity to fund capex, service obligations, and opportunistic investment without relying on external financing, supporting resilience over months.

Conservative balance sheet

A low debt-to-equity stance and healthy equity ratio point to limited financial leverage and greater balance sheet flexibility. This structural conservatism reduces default risk, preserves borrowing capacity for cyclical downturns, and supports strategic responses over the medium term.

Integrated manufacturing and diversified end markets

EVZ's combined manufacturing and distribution model and exposure to construction, infrastructure, mining and agriculture create multiple steady demand channels and higher-value product mix. Vertical integration and diverse end markets support sustained revenue streams and margin opportunities.

Negative Factors

Declining profitability

Reported declines in net margins and ROE signal weakening conversion of revenue into shareholder returns. Persistently lower profitability can limit reinvestment, dividend capacity and the ability to improve margins through scale, posing structural earnings risk over coming quarters.

Inconsistent revenue growth

Irregular top-line performance and recent revenue declines reduce predictability of cash flows and complicate capacity planning. For a manufacturing-heavy business, volatile volumes hamper fixed-cost absorption and make margin recovery and growth planning more challenging over the medium term.

Raw material price exposure

EVZ operates in a commodity-sensitive industry where steel and energy cost swings materially affect margins. If pass-through to customers lags or product mix shifts to lower-value items, input volatility can compress profits and cash generation in a sustained way unless hedged or structurally mitigated.

EVZ Limited Business Overview & Revenue Model

Company Description

EVZ Limited operates in the engineering and energy services sectors in Australia and Asia. It operates through Engineering, Energy, and Water segments. The Engineering segment designs, manufactures, and installs silos, cooling towers, pipe spooling, and pressure vessels, as well as large steel tanks for use in the water, petrochemical, and chemical industries; and fabricates structural steel. This segment also engages in the installation and provision of ongoing support and maintenance for its products. The Energy segment designs and installs constant load power stations, base and back-up power generation equipment, communications equipment, marine installations, and sustainable/clean energy solutions, as well as offers mobile generation capabilities. It also engages in the service, maintenance, and hiring of various generators and associated equipment. The Water segment is involved in the design and installation of syphonic roof drainage systems to various buildings, such as airports, shopping centers, and sporting venues; supply and installation of fiberglass panel tanks and prefabricated hydraulic systems. The company also provides design, construction, on-site installation, maintenance, and shutdown of engineering services to the mining, wood chip, petrochemical, aluminum, glass, cement, defense, and agriculture industries. EVZ Limited was incorporated in 1984 and is based in Docklands, Australia.

How the Company Makes Money

EVZ makes money primarily by producing and selling steel and steel-wire products to customers in construction and infrastructure (e.g., reinforcing and mesh products), industrial and mining (specialty wire and wire products), and agricultural markets (fencing and rural wire products). Revenue is generated from (1) manufacturing and processing: converting steelmaking inputs (and/or internally produced steel) into higher-value wire rod, strand, mesh, and other finished or semi-finished steel-wire products and selling them under customer contracts or spot orders; and (2) distribution: supplying third-party or internally produced steel-wire products through sales networks to end users, contractors, and resellers. Earnings are influenced by sales volumes, product mix (higher value-added processed products versus commodity steel products), and steel input/output price movements (including the ability to pass through raw material and energy costs to customers). Specific information on material partnerships, customer concentration, or segment-level revenue breakdown for EVZ is null.

EVZ Limited Financial Statement Overview

Summary

Financials are stable overall, supported by strong cash-flow execution (free cash flow growth and good cash conversion) and a conservative balance sheet with low leverage. Offsetting this are inconsistent revenue growth and declining net profit margins, pointing to weaker profitability and operating efficiency.

Income Statement

EVZ Limited's income statement shows a mixed performance. The company has maintained a positive gross profit margin, indicating effective cost management. However, the net profit margin has declined over the years, reflecting challenges in converting revenue into profit. Revenue growth has been inconsistent, with a recent decline, which could be a concern for future profitability. The EBIT and EBITDA margins are relatively low, suggesting limited operational efficiency.

Balance Sheet

The balance sheet of EVZ Limited is relatively stable. The debt-to-equity ratio is low, indicating a conservative approach to leverage, which reduces financial risk. The return on equity has decreased, reflecting a decline in profitability relative to shareholder equity. The equity ratio is healthy, showing a strong capital structure with a significant portion of assets financed by equity.

Cash Flow

EVZ Limited's cash flow statement indicates strong cash flow management. The company has achieved significant free cash flow growth, demonstrating improved cash generation capabilities. The operating cash flow to net income ratio is positive, indicating efficient conversion of income into cash. However, the free cash flow to net income ratio has fluctuated, suggesting variability in cash flow relative to net income.

Breakdown	TTM	Jun 2025	Jun 2024	Jun 2023	Jun 2022	Jun 2021
Income Statement
Total Revenue	116.91M	107.96M	118.92M	111.20M	67.51M	57.85M
Gross Profit	20.78M	17.62M	17.42M	14.87M	12.42M	10.54M
EBITDA	7.16M	5.13M	4.63M	3.87M	3.15M	5.69M
Net Income	2.52M	1.24M	2.14M	1.45M	894.68K	3.40M
Balance Sheet
Total Assets	72.50M	69.42M	64.39M	59.94M	56.42M	41.77M
Cash, Cash Equivalents and Short-Term Investments	18.75M	10.64M	8.37M	9.27M	8.93M	3.96M
Total Debt	11.56M	6.04M	5.55M	2.73M	2.44M	3.99M
Total Liabilities	35.83M	34.77M	31.51M	29.49M	27.35M	17.33M
Stockholders Equity	36.67M	34.64M	32.88M	30.44M	29.07M	24.45M
Cash Flow
Free Cash Flow	10.11M	3.86M	-332.32K	2.70M	2.96M	1.19M
Operating Cash Flow	11.36M	5.05M	1.82M	4.08M	4.29M	1.95M
Investing Cash Flow	-1.24M	-1.17M	-2.14M	-2.16M	-1.32M	-763.24K
Financing Cash Flow	-2.14M	-1.60M	-576.40K	-1.59M	2.01M	-3.10M

EVZ Limited Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 0.22
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:EVZ, the sentiment is Positive. The current price of 0.22 is below the 20-day moving average (MA) of 0.29, below the 50-day MA of 0.27, and above the 200-day MA of 0.21, indicating a bullish trend. The MACD of <0.01 indicates Positive momentum. The RSI at 58.80 is Neutral, neither overbought nor oversold. The STOCH value of 66.67 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for AU:EVZ.

EVZ Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
EVZ	72 Outperform	AU$37.06M	3.42	7.07%	―	-9.21%	-42.37%
Sector *	63 Neutral	$10.79B	15.43	7.44%	2.01%	2.89%	-14.66%
VBC	61 Neutral	AU$55.11M	7.32	17.89%	0.49%	-8.28%	89.71%
SOP	46 Neutral	AU$12.46M	-1.03	-160.73%	―	-6.10%	12.50%
WSI	44 Neutral	AU$9.40M	4.84	-11.81%	―	-36.40%	-192.91%

EVZ Limited Corporate Events

EVZ Limited Declares Interim Dividend of A$0.005 Per Share

EVZ Limited has declared a dividend of A$0.005 per ordinary fully paid share, relating to the six-month period ended 31 December 2025. The stock will trade ex-dividend on 30 March 2026, with a record date of 31 March and payment scheduled for 21 April 2026.

The announcement signals an ongoing return of capital to shareholders and provides clarity on near-term income timing for investors. By maintaining a defined dividend schedule, EVZ reinforces its capital management framework and may support investor confidence in the company’s cash generation and financial discipline.

The most recent analyst rating on (AU:EVZ) stock is a Hold with a A$0.34 price target. To see the full list of analyst forecasts on EVZ Limited stock, see the AU:EVZ Stock Forecast page.

EVZ Delivers Profit Surge, Record Cash and Resumes Dividend in Strong 1H FY2026

EVZ Limited has reported a strong first-half result for FY2026, underscoring solid revenue growth, margin expansion and a stronger balance sheet. Revenue for the period rose 16% to $63.1 million, while EBITDA jumped 78% to $4.44 million and net profit after tax surged 191% to $1.96 million, supported by improved performance across its Energy & Resources and Building Products operations.

The group ended the half with $18.8 million in cash, its highest level since inception, and net assets of $36.6 million with no drawn debt, highlighting a significantly improved financial position. Reflecting this strength and management’s confidence in ongoing performance, the board declared a fully franked interim dividend of 0.5 cents per share, marking a notable milestone for shareholders and reinforcing the company’s momentum in its core markets.

The most recent analyst rating on (AU:EVZ) stock is a Hold with a A$0.34 price target. To see the full list of analyst forecasts on EVZ Limited stock, see the AU:EVZ Stock Forecast page.

EVZ Limited Delivers Strong 1H FY2026 Profit Surge and Cash Growth

EVZ Limited reported robust interim results for the first half of FY2026, with revenue rising 17% to $63.1 million and EBITDA jumping 78% to $4.44 million. Net profit after tax surged 191% to $1.96 million, driving a 188% increase in earnings per share to 1.61 cents and enabling the board to declare a fully franked dividend of 0.5 cents per share, supported by a 74% lift in cash on hand to $18.8 million.

The strong earnings and cash performance underline a significant improvement in operational efficiency and profitability, reinforcing EVZ Limited’s financial position and capacity to return capital to shareholders. These results may enhance investor confidence in the company’s growth trajectory and its ability to compete more effectively within the industrial services market, while signaling management’s optimism through the reinstated or maintained dividend payout.

The most recent analyst rating on (AU:EVZ) stock is a Hold with a A$0.34 price target. To see the full list of analyst forecasts on EVZ Limited stock, see the AU:EVZ Stock Forecast page.

EVZ Half-Year Profit Nearly Triples on Strong Revenue and Margin Gains

EVZ Limited reported a strong first-half performance to 31 December 2025, with revenue from ordinary activities rising 16.5% to $63.1 million and EBITDA jumping 78.2% to $4.4 million. Earnings before interest and tax surged 154.8% to $3.0 million, while profit after tax climbed 190.8% to $2.0 million, reflecting significant operational leverage and improved profitability.

The company’s net tangible assets per share increased to 20.24 cents from 18.60 cents, boosted by the inclusion of right-of-use assets under AASB 16, indicating a stronger balance sheet position. Despite the improved earnings and asset base, the board did not declare an interim dividend, suggesting a continued focus on reinvestment or balance sheet consolidation, and there were no changes in control of entities or new associates during the period.

The most recent analyst rating on (AU:EVZ) stock is a Hold with a A$0.34 price target. To see the full list of analyst forecasts on EVZ Limited stock, see the AU:EVZ Stock Forecast page.

EVZ Posts Record Cash Position as It Accelerates Shift to Diversified Industrial Group

EVZ Limited reported its strongest financial position to date in the second quarter of FY2026, with a record cash balance of $18.8 million, no drawn debt, and net operating cash inflow of $4.3 million, supported by a 10% year-on-year increase in quarterly cash receipts to $35.5 million and an $80 million contract backlog. All business units are trading profitably with improved margins, underlining the success of the company’s strategic shift toward a diversified industrial model, while its robust balance sheet enables continued pursuit of strategic acquisitions and expansion of its contract portfolio, particularly in businesses such as Brockman Engineering, which has moved beyond legacy contracts to operate sustainably and profitably in the energy and resources sector.

The most recent analyst rating on (AU:EVZ) stock is a Hold with a A$0.24 price target. To see the full list of analyst forecasts on EVZ Limited stock, see the AU:EVZ Stock Forecast page.