Evertz Technologies 2

On my other blog I am today writing about possible cheap dividend stocks for September 2015 continue...

Sound bite for Twitter and StockTwits is: Stock price is reasonable to cheap. The first quarterly report for 2016 was published today and it was not great. The company had lower Revenues, Earnings and Cash Flow that for the same report last year. The stock price fell almost 5% today and it makes it an even better deal. See my spreadsheet at et.htm.

I own this stock of Evertz Technologies (TSX-ET, OTC-EVTZF). I came across an article in G&M about ET and it seemed a good dividend paying company. It has high dividends and is probably riskier than average. The company also has a large amount of insider ownership.

The 5 year low, median and high median Price/Earnings per Share Ratio are 13.92, 17.70 and 21.07. The corresponding 10 year values are similar at 14.04, 17.72 and 20.36. The current P/E Ratio is 16.03 based on a stock price of $15.87 and 2016 EPS estimate of $0.99. This stock price testing suggests that the stock price is relatively reasonable. It is also below the relative median.

I get a Graham Price of $10.28. The 10 year Price/Graham Price Ratios are 1.41, 1.68 and 1.99. The current P/GP Ratio is 1.54 based on a stock price of $15.87. This stock price testing suggests that the stock price is relatively reasonable. It is also below the relative median.

I get a 10 year Price/Book Value per Share Ratio of 3.58. The current P/B Ratio is 3.34 a value some 6.6% lower. This P/B Ratio is based on a BVPS of $4.75 and a stock price of $15.87. This stock price testing suggests that the stock price is relatively reasonable. It is also below the relative median.

The 5 year median dividend yield is 4% and this is some 13.4% lower than the current dividend yield of 4.54% which is based on dividends of $0.72 and a stock price of $15.87. The current dividend yield is also higher than the historical average of at2.94% and the historical median at 2.74% by 54% and 66%. This stock price testing suggests that the stock price is relatively reasonable to relatively cheap.

When I look at analysts' recommendations, I find Strong Buy, Buy and Hold recommendations. Most of the recommendations are a Buy and the consensus recommendation is a Buy. The 12 month price is $19.30. This implies total return of 26.15% with 21.61% from capital gains and 4.54% from dividends.

There is some analysts' updates in a recent report by Dakota Financial News. Recently, Canaccord Genuity cut their stock price for this company to $19.00 according to OCTA Finance.

This is the second of two parts. The first part was posted on Tuesday, September 08, 2015 and is available here. The first part talks about the stock and the second part talks about the stock price.

Evertz Technologies Limited designs, manufactures and markets video and audio infrastructure equipment for the production, post production, broadcast and internet protocol television ("IPTV") industry. Its web site is here Evertz.

This blog is meant for educational purposes only, and is not to provide investment advice. Before making any investment decision, you should always do your own research or consult an investment professional. I do research for my own edification and I am willing to share. I write what I think and I may or may not be correct.

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