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EverGen Infrastructure Corp (EVGN) fair value: what the stock is really worth

As of Nov 10, 2026: fair value (intrinsic value) of EverGen Infrastructure Corp stock C$0.78, price C$0.75, upside +3.7%, quality 25 out of 100. Rating: fairly valued. The value is an estimate: none of our valuation models currently carries, it draws on revenue and assets compared with similar companies. Updated daily.

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Industrials CA · ISIN CA30008P3016

EI EverGen Infrastructure Corp logo Thin data Nov 10, 2026

EverGen Infrastructure Corp

EVGN · V
Fairly valued, weak quality

The stock costs about what our calculation considers fair.

Low debt
Generates free cash flow over the last twelve months
Upbeat coverage
Revenue last quarter +71% vs. a year ago.
Fair value C$0.7780 · Fairly valued
Expensive Growth (revenue 3y +16.3 %/yr in CAD)
Quality 25/100
Loss-making · -17.8% net margin (TTM)
Trails peers (4/11)
Narrow moat 17/100 · thin data
Thin data
Estimate
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What runs behind every stock

69 individual criteria per stock, every one traceable See the method →

Price vs Fair Value

C$6.00 C$0.2800 Fair Value C$0.7780 Aug 2021 Nov 2026

White line = price, green steps = our fair value per fiscal year. As of Nov 10, 2026.

How to read this chart

60‑month range C$0.2800 – C$6.00 · fair‑value band C$0.5835 – C$0.9725 · the C$0.7500 price screens below the C$0.7780 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 10, 2026.

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Company profile

EverGen Infrastructure Corp. acquires, develops, builds, owns, and operates a portfolio of renewable natural gas (RNG), waste to energy, and related infrastructure projects in Canada. It operates through two segments, RNG production, and Organic Waste and Composting.

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The company operates the GrowTEC project, a multi-faceted bioenergy venture for sustainable agriculture; Fraser Valley Biogas; and Radius projects, a development-stage portfolio of agricultural waste. It also operates the Pacific Coast Renewables and Sea to Sky Soils project.

In addition, the company sells RNG, electricity, organic compost and soil, and carbon credits; and provides organic waste facilities. EverGen Infrastructure Corp. was incorporated in 2020 and is headquartered in Vancouver, Canada.

Stock analysis

EverGen Infrastructure Corp (EVGN) currently trades at C$0.7500, while our estimate is C$0.7780, so the stock looks roughly fairly valued today (gap 3.6%).

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Valuation

None of our valuation models currently carries for this company, usually because of losses or heavy investment. The estimate draws on revenue and assets compared with similar companies and is less precise than a model-based fair value.

Scenario range: C$0.5835 (bear) to C$0.9725 (bull), the price of C$0.7500 sits inside it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.

Quality & growth

The Quality Score stands at 25/100 (below-average quality), in the Industrials sector.

Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.

EverGen Infrastructure Corp reported revenue of C$11.7M in FY2025 versus C$9.6M in FY2021, a compound +5.3%/yr. Reported net income was −C$4.5M in FY2025.

Key figures

Market cap C$20.2M (≈ $14.2M) Micro · P/S ratio 1.44 · EPS (TTM) C$−0.1100 · Net margin −17.8% · Return on equity −6.3% · Return on assets (EBIT) −5.8% (5-year average) · Operating margin 6.6% · Revenue (TTM) C$14.4M.

Competitive moat

Our AI-assisted moat analysis scores the competitive advantage at 17 out of 100 (low confidence).

What moves the price

The share trades about 9% below its 52-week high and 168% above its 52-week low, currently above its 200-day average.

For context, the median of 10 Industrials peers we cover trades at −19% fair-value upside, at 4%, EVGN screens cheaper than that median.

Fair Value

Bear C$0.5835 Fair Value C$0.7780 Bull C$0.9725
Price C$0.7500 · Upside +3.7%
Estimate. None of our valuation models currently carries for this company, usually because of losses or heavy investment. The estimate draws on revenue and assets compared with similar companies and is less precise than a model-based fair value.

Quality Score breakdown

Overall quality 25/100

It rates the business: profits, how they develop, real cash, balance sheet, investing and share count.

Profitability 1
How much profit the company makes from its sales and capital
Quality Growth 65
Are margins and returns getting better?
Cashflow 0
Do the profits arrive as real cash?
Financial strength 41
Debt, balance sheet and risk of trouble
Investment 67
Does it invest with discipline instead of growing at any price?
Low Volatility 18
How calm the share price moves, does not count
Price momentum 89
Price momentum of the last 3 to 12 months, does not count
Near the 52-week high 93
Distance to the 52-week high, does not count
New shares 0
Buys back shares or issues new ones?

Open the full quality analysis →

Revenue & earnings trend

Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card. 32/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
−17.4%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+16.3%
Profit margin (trend) ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.
−37.5% (2021) → −31.8% (2025)
What shareholders gained per year ⓘWe only publish this rate when it is defensible. Reason: fiscal 2025 is a loss year, no rate is defined from a loss
not computed

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Earlier news

News mood ⓘNews mood, the average tone of recent news (5 articles), rated against how stocks are usually covered. 🚀 Hype = unusually upbeat · 🙂 Positive = above average · 😐 Neutral = typical · 🙁 Negative = below average · 😨 Very negative = unusually downbeat. It reflects the tone of coverage, not our valuation. Hype
Recent news coverage is unusually upbeat, far more positive than stocks are typically covered.

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Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Waste Management · 166 stocks

Beats the industry median on 4/10 measures
A mixed picture versus its industry peers.
Valuation
Quality Score 25 · Bottom 25%
Fair Value upside +3.7% · Above median
Profitability
Return on assets −6.0% · Bottom 25%
Net margin (12 months) −17.8% · Bottom 25%
Operating margin (12 months) 6.6% · Below median
Growth and dividend
Revenue growth (quarter YoY) 71.1% · Top 25%
Balance sheet
Debt / equity 0.35× · Above median

Valuation Multiplesvs Waste Management median · lower = cheaper

P/B 0.49× · Cheapest 25%
P/S (12 months) 1.40× · Cheaper than median
EV/EBITDA 10.9× · Pricier than median

Strength profile in five axes (Snowflake)

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE (fair-value potential)38 · sector 26
FUTURE (revenue growth)100 · sector 37
PAST (return on equity)0 · sector 21
HEALTH (low debt)83 · sector 83
DIVIDEND (yield)0 · sector 47

Context: sector, industry, market

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

Similar stocks

10 more Waste Management stocks, each showing price versus our Fair Value estimate.

Stock Price Fair Value vs Fair Value Compare
Waste Management, Inc WM $237.38 $260.27 +10% vs EVGN
Waste Connections, Inc WCN $191.14 $199.18 +4% vs EVGN
Fomento de Construcciones y Contratas, S.A FCC €10.54 €9.99 −5% vs EVGN
GEM Co 002340 ¥5.71 ¥5.27 −8% vs EVGN
GFL Environmental Inc GFL $42.41 $34.54 −19% vs EVGN
Veolia Environnement SA VIE €34.29 €20.39 −41% vs EVGN
Clean Harbors, Inc CLH $290.04 $155.54 −46% vs EVGN
Republic Services, Inc RSG $247.62 $129.29 −48% vs EVGN
Cleanaway Waste Management Limited CWY A$3.01 A$1.25 −58% vs EVGN
Casella Waste Systems, Inc CWST $93.00 $14.30 −85% vs EVGN

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EverGen Infrastructure Corp: fair value per Fair Value Calculator

Cite: Fair Value Calculator (2026). "EverGen Infrastructure Corp Fair Value". https://www.fairvalue-calculator.com/stock/EVGN.V

Frequently asked questions

Is EverGen Infrastructure Corp (EVGN) overvalued or undervalued?
As of Nov 10, 2026, our estimate of fair value is C$0.7780 versus a price of C$0.7500, about +4% upside (fairly valued).
What is the fair value of EVGN?
Our estimate for EverGen Infrastructure Corp is C$0.7780 (as of Nov 10, 2026), built from audited fundamentals. The current price: C$0.7500.
What is the quality score of EVGN?
EverGen Infrastructure Corp has a Quality Score of 25/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for EverGen Infrastructure Corp (EVGN)?
Our calculated price target is the estimate of C$0.7780 (as of Nov 10, 2026). Cautious scenario C$0.5835, optimistic scenario C$0.9725. It is an estimate from revenue and assets compared with similar companies, because none of our valuation models currently carries, not an analyst target.
What is the EverGen Infrastructure Corp stock forecast for 2026?
Our estimate puts fair value at C$0.7780, about +4% upside versus a price of C$0.7500 (fairly valued). Cautious scenario C$0.5835, optimistic scenario C$0.9725. The calculation is refreshed regularly with new filings.
What is the revenue of EverGen Infrastructure Corp (EVGN)?
EverGen Infrastructure Corp reported trailing-twelve-month revenue of about C$14.4M (latest available figure, as of Nov 10, 2026).
What is the intrinsic value of EverGen Infrastructure Corp (EVGN)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For EverGen Infrastructure Corp it is C$0.7780 per share (as of Nov 10, 2026), against a price of C$0.7500.
Is EverGen Infrastructure Corp stock overvalued or undervalued in 2026?
As of Nov 10, 2026, EVGN trades below its calculated fair value: price C$0.7500, fair value C$0.7780, a gap of about +4% (fairly valued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of EVGN?
No. The price is what the market pays today (C$0.7500); the fair value is what the company's own numbers justify (C$0.7780). For EverGen Infrastructure Corp the two are C$0.0280 per share apart. That gap is exactly why we show both numbers side by side.
How much is EverGen Infrastructure Corp worth?
The market values EverGen Infrastructure Corp at about C$20.2M (market capitalisation, as of Nov 10, 2026). Per share that is C$0.7500; our models calculate a fair value of C$0.7780 per share.
What do the bullish and bearish scenarios say about EVGN?
Our models span a range for EverGen Infrastructure Corp: cautious scenario C$0.5835, base C$0.7780, optimistic C$0.9725 per share (as of Nov 10, 2026, price C$0.7500). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of EverGen Infrastructure Corp (EVGN)?
Balance-sheet figures for EverGen Infrastructure Corp (as of Nov 10, 2026): return on equity −6.3%, debt of 0.35 per unit of equity. They feed the Quality Score of 25/100, which measures business quality independently of the share price.
How far is EVGN from its 52-week high?
EverGen Infrastructure Corp trades at C$0.7500, about 9% below its 52-week high of C$0.8200 and 168% above the low of C$0.2800 (as of Nov 10, 2026). Distance from the high says nothing about value: that is what the fair value of C$0.7780 is for.
Which stocks are comparable to EverGen Infrastructure Corp?
From the same area (Industrials) we also value Waste Management, Inc, Republic Services, Inc, Waste Connections, Inc, Veolia Environnement SA, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is EverGen Infrastructure Corp stock attractive at the current price?
The data as of Nov 10, 2026: price C$0.7500, calculated fair value C$0.7780 (+4%), Quality Score 25/100. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
Is it still worth investing in stocks now?
The global stock market currently sits 15.1% above its aggregate fair value. EverGen Infrastructure Corp currently trades 4% below its own fair value, and the market average says nothing about that. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of EverGen Infrastructure Corp (EVGN)?
The closing price on Nov 10, 2026 was C$0.7500. Our estimate is C$0.7780, about +4% upside (fairly valued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with EverGen Infrastructure Corp right now?
The price sits close to our fair value, market and models broadly agree here, little valuation tension. Evidence is limited here (fewer models, shorter history), so the fair value is a rougher estimate than usual.

Key figures of EverGen Infrastructure Corp

How large is the market capitalisation of EverGen Infrastructure Corp (EVGN)?
The market capitalisation of EverGen Infrastructure Corp is C$20.2M (≈ $14.2M). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of EverGen Infrastructure Corp (EVGN)?
The price-to-sales ratio of EverGen Infrastructure Corp is 1.44 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of EverGen Infrastructure Corp (EVGN)?
Earnings per share at EverGen Infrastructure Corp are C$−0.1100. Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of EverGen Infrastructure Corp (EVGN)?
The net margin of EverGen Infrastructure Corp is −17.8% (last twelve months). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of EverGen Infrastructure Corp (EVGN)?
The return on equity (ROE) of EverGen Infrastructure Corp is −6.3% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of EverGen Infrastructure Corp (EVGN)?
On an EBIT basis the return on assets of EverGen Infrastructure Corp is −5.8% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of EverGen Infrastructure Corp (EVGN)?
The operating margin of EverGen Infrastructure Corp is 6.6% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at EverGen Infrastructure Corp (EVGN)?
Revenue at EverGen Infrastructure Corp is growing +71.1% versus a year earlier (3y avg +16.3%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How much free cash flow does EverGen Infrastructure Corp (EVGN) generate?
The free cash flow of EverGen Infrastructure Corp is −C$3.3M (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net debt does EverGen Infrastructure Corp (EVGN) carry?
The net debt of EverGen Infrastructure Corp is C$15.6M (fiscal year 2025). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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