EverGen Infrastructure Corp. (EVGN) AI Stock Analysis

• Market Cap: C$9.40M
• Dividend Yield: N/A
• Average Volume (3M): 12.22K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.72
• Revenue Growth: 29.26%
• EPS Growth: -234.92%
• Country: CA
• Employees: 35
• Sector: Energy
• Sector Strength: 49
• Industry: Regulated Gas
• EPS (TTM): -0.10
• Shares Outstanding: 22,391,462
• 10 Day Avg. Volume: 7,157
• 30 Day Avg. Volume: 12,222
• PEG Ratio: N/A
• Price to Book (P/B): 0.00
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 0.00
• 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: C$1.50
• Price Target Upside: 257.14% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 2

• Rating: 45 Neutral
• Price Target: C$0.50 ▲(19.05% Upside)

EverGen Infrastructure Corp. faces significant challenges, particularly in profitability and valuation, which are reflected in its negative P/E ratio and lack of dividend yield. While there is potential for revenue growth and improving cash flow metrics, technical indicators suggest a bearish outlook, contributing to a lower overall score.

EverGen Infrastructure Corp. Business Overview & Revenue Model

Company Description

EverGen Infrastructure Corp. (EVGN) is a Canadian company operating in the renewable energy sector, primarily focusing on the development and operation of renewable natural gas (RNG) projects. The company is dedicated to building sustainable infrastructure that reduces greenhouse gas emissions by transforming organic waste into clean energy. EverGen is positioned as a leader in Canada's RNG market, contributing to the circular economy and supporting environmental sustainability.

How the Company Makes Money

EverGen Infrastructure Corp. generates revenue through the production and sale of renewable natural gas (RNG), which is created from organic waste materials such as agricultural residues, food waste, and wastewater. The company operates RNG facilities that process these materials into biogas, which is then upgraded to pipeline-quality RNG. This RNG is sold to utilities, transportation fleets, and other customers seeking to reduce their carbon footprint. Key revenue streams include long-term offtake agreements with energy companies and government incentives for clean energy production. Partnerships with municipalities and waste management companies also play a significant role in securing feedstock and expanding project opportunities, thereby contributing to EverGen's earnings.

EverGen Infrastructure Corp. Financial Statement Overview

Summary

EverGen Infrastructure Corp. demonstrates potential for revenue growth but faces challenges in profitability and leverage. Improvements in cash flow metrics offer a positive outlook, but persistent net losses and high leverage levels present significant risks.

Income Statement

EverGen Infrastructure Corp. shows a volatile income statement with significant negative net income and EBITDA over the past years. However, revenue has increased substantially from 2023 to 2024, indicating potential for future growth. Margins like gross profit margin and EBIT margin remain negative, reflecting ongoing profitability challenges.

Balance Sheet

The balance sheet reveals a moderate debt-to-equity ratio, which increased over the years, indicating rising leverage. The equity ratio has decreased, pointing to a weaker equity position compared to liabilities. Though the company maintains a reasonable asset base, the decline in stockholders' equity presents concerns about financial stability.

Cash Flow

The cash flow statement shows improvement in operating cash flow, turning positive in 2024. The free cash flow has also improved significantly. Despite this, the high capital expenditures in earlier years and fluctuating free cash flow point to cash management challenges. The positive trend in recent cash flow metrics suggests a move towards better cash flow stability.

Breakdown	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	14.23M	8.44M	7.46M	9.56M	0.00
Gross Profit	994.00K	-1.46M	-2.49M	6.79M	0.00
EBITDA	-12.08M	-1.87M	-1.05M	770.00K	149.00K
Net Income	-16.73M	-4.42M	-4.10M	-1.95M	-2.23M
Balance Sheet
Total Assets	77.70M	93.53M	85.96M	80.61M	50.51M
Cash, Cash Equivalents and Short-Term Investments	414.00K	585.00K	8.85M	19.60M	4.68M
Total Debt	26.63M	24.16M	11.54M	9.76M	3.45M
Total Liabilities	35.70M	35.95M	24.57M	19.24M	18.60M
Stockholders Equity	39.43M	55.32M	58.92M	61.37M	31.91M
Cash Flow
Free Cash Flow	411.00K	-16.77M	-9.02M	-3.51M	-46.00K
Operating Cash Flow	4.06M	307.00K	-1.35M	-1.92M	-46.00K
Investing Cash Flow	-3.65M	-16.66M	-7.47M	-14.99M	-23.53M
Financing Cash Flow	-582.00K	8.08M	-1.92M	34.19M	28.58M

EverGen Infrastructure Corp. Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 0.42
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:EVGN, the sentiment is Neutral. The current price of 0.42 is below the 20-day moving average (MA) of 0.42, below the 50-day MA of 0.48, and below the 200-day MA of 0.91, indicating a bearish trend. The MACD of -0.02 indicates Negative momentum. The RSI at 45.71 is Neutral, neither overbought nor oversold. The STOCH value of 70.83 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for TSE:EVGN.

EverGen Infrastructure Corp. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	65 Neutral	$14.81B	7.14	3.52%	5.53%	4.29%	-62.49%
LCFS	51 Neutral	C$111.06M	―	-102.17%	―	-7.35%	-3550.94%
EVGN	45 Neutral	C$9.40M	―	-35.49%	―	29.26%	-234.92%
BLM	41 Neutral	C$50.55M	1,771.43	0.16%	―	49.38%	-93.75%

EverGen Infrastructure Corp. Corporate Events

EverGen Infrastructure Appoints Maria O’Sullivan as Interim CFO

EverGen Infrastructure Corp. has appointed Maria O’Sullivan as Interim Chief Financial Officer, succeeding Sean Hennessy. O’Sullivan, a seasoned Chartered Accountant with extensive experience in the energy and infrastructure sectors, is expected to bring strong financial acumen and continuity to the role, supporting EverGen’s strategy to scale its renewable energy platform across Canada.

The most recent analyst rating on (TSE:EVGN) stock is a Hold with a C$3.00 price target. To see the full list of analyst forecasts on EverGen Infrastructure Corp. stock, see the TSE:EVGN Stock Forecast page.

EverGen Infrastructure Corp. Achieves Record RNG Production Amid Q1 2025 Financial Challenges

EverGen Infrastructure Corp. reported its Q1 2025 financial results, highlighting a record in quarterly renewable natural gas production, despite a 41% decrease in revenues compared to the previous year. The company achieved significant milestones with the stabilization of its Fraser Valley Biogas expansion project, which contributed to the record RNG production levels. However, the financial results were impacted by unexpected operating disturbances leading to reduced volumes and lower tip fee revenue, although these were partially offset by increased RNG production and revenues. The company also announced a purchase and sale agreement for the land on which Fraser Valley Biogas operates, valued at $2.62 million, and completed a private placement for CAD$5 million, alongside a management change.

The most recent analyst rating on (TSE:EVGN) stock is a Hold with a C$3.00 price target. To see the full list of analyst forecasts on EverGen Infrastructure Corp. stock, see the TSE:EVGN Stock Forecast page.

EverGen Infrastructure Corp. Secures CAD$5M in Private Placement and Announces Management Overhaul

EverGen Infrastructure Corp. has completed the first tranche of a private placement, raising CAD$5,000,000 by issuing 8,333,333 common shares to Ask America, LLC. This transaction, which makes Ask America a new control person of the company, is part of a broader strategy to enhance working capital and corporate operations. Concurrently, EverGen has undergone a significant change in management, with new executives and board members appointed to lead the company. These developments are expected to impact EverGen’s strategic direction and market positioning, potentially influencing stakeholder interests.

The most recent analyst rating on (TSE:EVGN) stock is a Hold with a C$3.00 price target. To see the full list of analyst forecasts on EverGen Infrastructure Corp. stock, see the TSE:EVGN Stock Forecast page.

EverGen Infrastructure Corp. Secures TSXV Approval for Property Sale and Advances Financing Initiatives

EverGen Infrastructure Corp. has received final approval from the TSX Venture Exchange for the sale of a property in Abbotsford, B.C., to 2065947 Alberta Ltd. and James Betts for $2.62 million. The transaction involves a related party, as James Betts is the company’s COO, and includes a leaseback agreement for part of the property. Additionally, EverGen is progressing with a share purchase and reorganization agreement with Ask America, LLC, and a private placement aiming to raise CAD$7 million, pending final TSXV approval.

The most recent analyst rating on (TSE:EVGN) stock is a Hold with a C$3.00 price target. To see the full list of analyst forecasts on EverGen Infrastructure Corp. stock, see the TSE:EVGN Stock Forecast page.