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EVZ Limited (EVZ) Fair Value & Analysis

Industrials · AU · Market cap A$63.2M

EL EVZ Limited EVZ · AU
PriceA$0.5800
Fair ValueA$0.2100
Upside-63.8%
Quality51/100
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Mixed Growth
Thin margins · 2.2% net margin
Low debt · generates free cash flow
Mixed vs. peers (7/14)
Narrow moat 37/100
Evidence: High Range A$0.1700 – A$0.2700 Share as image

Fair value as of: Jul 12, 2026

From 26 valuation models · updated 29 days ago

Fair value updated Jul 12, 2026, revised from A$0.3000 to A$0.2100 (−30.0%) since Jun 24, 2026. Share price +11.5% over the past month.

A solid business, but screening 64% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (A$0.2700). The favourable scenario is already priced in.
  • Solid but not exceptional quality (51/100) and above fair value, neither a clear bargain nor a standout compounder.
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Price vs Fair Value (5 years)

A$0.7350 A$0.1180 Fair Value A$0.2100 May 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 12, 2026.

How to read this chart

60‑month range A$0.1180 – A$0.7350 · fair‑value band A$0.1700 – A$0.2700 · the A$0.5800 price screens above the A$0.2100 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 12, 2026.

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Analysis

EVZ Limited (EVZ) currently trades at A$0.5800, while our model-based Fair Value estimate is A$0.2100, implying the stock looks roughly 63.8% overvalued today. The Quality Score stands at 51/100 (solid quality), in the Industrials sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: high).

Over the trailing twelve months, EVZ Limited generated revenue of A$117M at a net margin of 2.2%. Revenue grew 16.5% year over year. It earns a return on equity of 7.1%. The balance sheet holds a net cash position of A$4.6M. Fundamentals as of Jul 12, 2026

Our scenario range runs from A$0.1700 (bear case) to A$0.2700 (bull case); at A$0.5800, the current price sits above that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 23% below its 52-week high and 353% above its 52-week low, currently above its 200-day average. For context, the median of 10 Industrials peers we cover trades at -45% fair-value upside, at -64%, EVZ screens richer than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Model Bear Bear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull Bull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. Evidence
Highest evidence
Growth DCF A$0.4000 A$0.6200 A$0.9000 80
Residual Income A$0.1900 A$0.1900 A$0.1500 76
Rev-Margin DCF A$0.3300 A$0.4900 A$0.7200 74
All 26 models by family
DCF Models
FCF DCF A$0.4100 A$0.6200 A$1.05 38
Owner Earnings A$0.3100 A$0.4800 A$0.7600 31
5Y Revenue Exit A$0.3300 A$0.4900 A$0.7200 39
5Y EBITDA Exit A$0.4500 A$0.7600 A$1.17 41
5Y P/E Exit A$0.3000 A$0.4400 A$0.6000 38
10Y Revenue Exit A$0.3500 A$0.5100 A$0.7700 36
10Y EBITDA Exit A$0.4300 A$0.6800 A$1.11 37
10Y P/E Exit A$0.3400 A$0.4800 A$0.6800 35
Earnings-Based
Graham-Dodd A$0.0700 A$0.4000 A$0.5600 54
Lynch FV A$0.1100 A$0.1600 A$0.2100 50
PEG = 1.0 A$0.1100 A$0.1600 A$0.2100 46
EPV A$0.2000 A$0.2100 A$0.2300 59
Dividend Discount
Gordon GGM A$0.1200 A$0.2100 A$0.2700 70
DDM Multi-Stage A$0.1200 A$0.2000 A$0.2300 61
Multiples
P/E Multiple A$0.1600 A$0.2100 A$0.2700 63
P/S Multiple A$0.1300 A$0.1700 A$0.2200 58
P/B Multiple A$0.1300 A$0.1700 A$0.2200 55
EV/EBIT A$0.3500 A$0.4400 A$0.5200 53
EV/EBITDA A$0.5000 A$0.6400 A$0.7700 54
EV/Revenue A$0.2700 A$0.3500 A$0.4300 43
Asset-Based
NCAV (Graham) A$0.1400 A$0.1900 A$0.2900 50
Growth DCF
Growth DCF A$0.4000 A$0.6200 A$0.9000 80
Rev-Margin DCF A$0.3300 A$0.4900 A$0.7200 74
Economic Profit
Residual Income A$0.1900 A$0.1900 A$0.1500 76
ROIC Compounder A$0.2000 A$0.2100 A$0.2300 72
Growth Earnings
Growth-Adj P/E A$0.1700 A$0.2400 A$0.3100 68

Widest divergence: DCF Models (A$0.4900) versus Earnings-Based (A$0.1600). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) A$117M
Revenue growth (YoY) +16.5%
Net margin 2.2%
Return on equity 7.1%
Free cash flow A$3.9M FY2025
P/E ratio 36.8
More key figures
Operating margin 4.6%
EPS (TTM) A$0.0200
EPS growth (YoY) +191%
Net cash A$4.6M FY2025

Figures from reported company fundamentals · as of Jul 12, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 51/100

Of which business quality 52 · Market factors (momentum, volatility) 75

Profitability 43
Margins and returns on capital today
Quality Growth 32
Are margins and returns improving?
Cashflow 56
Earnings quality: real cash, not paper profit
Fin. Strength 65
Balance sheet, leverage, solvency risk
Investment 78
Disciplined investing over empire-building
Low Volatility 50
Calm price path (market factor)
Momentum 86
Price trend over the last 3–12 months (market factor)
52W Momentum 85
Distance to the 52-week high (market factor)
Net Issuance 42
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

About the company

EVZ Limited, together with its subsidiaries, operates in the engineering services sectors in Australia and Asia. It operates through Energy and Resources; and Building Products segments.

Full company description

EVZ Limited, together with its subsidiaries, operates in the engineering services sectors in Australia and Asia. It operates through Energy and Resources; and Building Products segments. The company designs, manufactures, and installs equipment for electricity, oil, and gas facilities, such as constant load power stations, base and backup power generation equipment, clean energy solutions, silos, cooling towers, pipe spooling, pressure vessels, and fabricated structural steel; and large steel tanks for the water, petrochemical, and chemical industries. It also designs syphonic roof drainage systems for various buildings, such as airports, shipping centers, and sporting venues; and supplies and installs metal panel tanks and prefabricated hydraulic systems. In addition, the company offers customer support services, including ongoing maintenance, servicing of equipment, and sourcing of emergency equipment; pressure piping, and structural and mechanical engineering solutions; spare parts; recurrent maintenance services. Further, it provides communications equipment, marine installations, and mobile generation capabilities. Additionally, it is involved in the designing, constructing, 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 Melbourne, Australia.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

EVZ Limited reported revenue of A$108M in FY2025 versus A$57.9M in FY2021, a compound +16.9%/yr. Reported net income was A$1.2M in FY2025, compounding −22.4%/yr from FY2021.

Growth Quality 63/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
A$108M
Latest YoY
−9.2%
Avg. growth/yr (3Y) 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.
+16.9%
Avg. growth/yr (5Y) 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.
+10.3%
Avg. growth/yr (36Y) 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.
+18.2%
Revenue +16.9%/yr
FY21 A$57.9M
FY22 A$67.5M
FY23 A$111M
FY24 A$119M
FY25 A$108M
Net income −22.4%/yr
FY21 A$3.4M
FY22 A$895K
FY23 A$1.4M
FY24 A$2.1M
FY25 A$1.2M

EVZ screens 64% overvalued. Compare with Larsen & Toubro Limited →

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Cite: Fair Value Calculator (2026). "EVZ Limited Fair Value". https://www.fairvalue-calculator.com/stock/EVZ

Peer Group

Engineering & Construction · 839 stocks

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.

Quality Score 51 · Above median
Fair Value upside −64% · Bottom 25%
Return on equity (TTM) 7% · Above median
Return on assets 4% · Above median
Net margin (TTM) 2% · Below median
Operating margin (TTM) 5% · Below median
Revenue growth 17% · Above median
Dividend yield (TTM) 0.0% · Bottom 25%

Valuation Multiples vs Engineering & Construction median · lower = cheaper

P/E (TTM) 26.0× · Pricier than median
P/B 1.29× · Pricier than median
P/S (TTM) 0.38× · Cheaper than median
P/FCF 11.6× · Pricier than 75% of peers
EV/EBITDA 4.8× · Cheaper than median

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUE 0 · sector 16
FUTURE 83 · sector 17
PAST 29 · sector 26
HEALTH 100 · sector 94
DIVIDEND 0 · sector 33

VALUE 0: the price sits above our fair-value range.

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

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Engineering & Construction stocks, each showing price versus our Fair Value estimate (as of Jul 12, 2026).

Stock Price Fair Value vs Fair Value
Larsen & Toubro Limited LT ₹3,815 ₹1,994 -48%
Samsung C&T Corporation 028260 346,000 KRW 268,779 KRW -22%
Hyundai Engineering & Construction Co 000720 99,000 KRW 63,993 KRW -35%
United Integrated Services Co 2404 1,250 TWD 925.62 TWD -26%
Samsung E&A Co 028050 42,550 KRW 44,840 KRW +5%
Rail Vikas Nigam Limited RVNL ₹232.67 ₹61.46 -74%
Daewoo Engineering & Construction Co 047040 16,240 KRW 6,507 KRW -60%
NBCC (India) Limited NBCC ₹96.32 ₹48.22 -50%
Cemindia Projects Limited CEMPRO ₹1,330 ₹730.69 -45%
KEPCO Engineering & Construction Company 052690 92,700 KRW 20,172 KRW -78%

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Frequently asked questions

Is EVZ Limited (EVZ) overvalued or undervalued?
As of Jul 12, 2026, our model estimates a fair value of A$0.2100 versus a price of A$0.5800, about −64% (overvalued).
What is the fair value of EVZ?
Our model-based fair value for EVZ Limited is A$0.2100 (as of Jul 12, 2026), built from audited fundamentals. The current price is A$0.5800.
What is the quality score of EVZ?
EVZ Limited has a Quality Score of 51/100. 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 revenue of EVZ Limited (EVZ)?
EVZ Limited reported trailing-twelve-month revenue of about A$117M (latest available figure, as of Jul 12, 2026).
What is the net profit margin of EVZ?
The net profit margin of EVZ Limited is about 2.2%, meaning it keeps roughly 2.2% of revenue as net income. Based on the latest reported figures.

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

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