EVS Broadcast Equipment S.A.

0N9Z.L

Communication Equipment · Technology

Price

29.55 GBp

+0.95 (+3.32%)

Market Cap

£399.9M

Exchange

London Stock Exchange

Winston Score

Winston is happy

A high-quality business with solid fundamentals.

Data as of Aug 23, 2026 · filings through Jun 30, 2026

How the score breaks down

Quality

Strong

Growth

Good

Cash Flow

Strong

Stability

Exceptional

Valuation

Good

Dividends

Mixed

Track this stock — start free trial

Share count rising — dilution

+3.8% over 4y

The company has issued more shares over this period, which dilutes each existing shareholder’s stake.

Diluted shares outstanding: 13.6M (2021) → 14.1M (2025)

Winston Score History

The full picture

EVS Broadcast Equipment is a Belgian company that makes specialized hardware and software used to capture, replay, and manage live video during sports broadcasts and major events. Its products are used by television broadcasters, sports leagues, and production companies to deliver instant replays, slow-motion highlights, and live editing during events like the Olympics, the FIFA World Cup, and the NFL. EVS is one of the leading providers of live video production technology in the world.

The company earns money by selling its hardware servers and software licenses, along with ongoing maintenance and support contracts that provide recurring revenue. EVS operates globally, with customers across Europe, North America, and Asia, and generates roughly $200–250 million in annual revenue. Its moat comes from deep integration into broadcast workflows and the high cost of switching systems during live productions, where technical failures are not an option. The key risk is that cloud-based and software-only competitors could gradually reduce demand for EVS's traditional hardware-dependent systems.

Growth Profile

For growth stock investors

When traditional metrics don't capture the full picture, these are the signals growth stock investors use instead.

Revenue Growth

+16.8% YoY

YoY Growth Rate

Steady revenue growth

EPS Growth

+24.2% YoY

YoY Growth Rate

Steady EPS growth

R&D Spend

€45M/ year

↑ Rising (+8% vs prior year)

21.8% of revenue

In line with sector average (15%)

Investing heavily in future products and technology

Insider Activity

10.3%ownership

→ Flat

Insider ownership roughly steady over the past year

Cash Position

Cash flow positive

€80M cash & investments

Quarterly Free Cash Flow

↑ Burn rate improving

Company generates more cash than it spends — no dilution risk from fundraising

Heavy R&D investment

EVS Broadcast Equipment S.A. is putting 22% of revenue into R&D and that number is rising. And they're generating enough cash to self-fund it.

The Winston Score above measures business quality today. Growth stocks often score lower because they invest in the future rather than maximising current profits. These metrics show what matters most for evaluating that future.

Score breakdown

Every number that matters to educated investors.

Each metric is explained in plain language so you know exactly what you're looking at. Start your free trial now.

Quality

Profit per sale

Gross Margin

68.5%

Premium pricing power — 68.5% gross margin

Profit after running costs

Operating Margin

14.6%

Healthy — 14.6% operating margin

Return on the money invested

ROCE

18.1%

Strong — 18.1% return on capital

ROIC between 15% and 25%. Every dollar invested in the business earns 15 to 25 cents back per year.

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Growth

Sales growth

Sales YoY

+16.6%

Fast-growing sales (+16.6% YoY)

Profit growth

EPS YoY

+22.4%

Earnings growing fast (+22.4% YoY)

Healthy double-digit earnings growth — what compounders look like.

How steady the profit is

EPS Consistency

5/8 quarters

Mixed — about half the quarters showed growth

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Cash Flow

Profit that turns into cash

Cash Conversion

108%

Turns 108% of profit into real cash

Spare cash per sale

FCF Margin

15.9%

Converts sales into free cash efficiently (15.9%)

FCF margin between 10% and 20%. Every $100 in sales becomes $10 to $20 in real cash.

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Stability

What it owes vs what it owns

Debt / Equity

0.02

Conservative — low debt load (0.02)

Covers its interest

Interest Cover

31.66x

Comfortably covers interest (31.7x)

Interest coverage above 8. Profits cover interest many times over.

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Valuation

Price vs profit

P/E Ratio (TTM)

9.5x

Attractive valuation — P/E 9.5

P/E under 10. The price tag is small relative to last year's profit.

Cheaper or dearer next year

P/E vs Forward

-0.5

SLOWING

Earnings expected to fall — forward P/E higher than today

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Dividends

Dividend

Dividend Yield

3.60%

Moderate income — 3.60% yield

Standard yield zone for stable dividend payers. A meaningful piece of total return.

Dividend record

Dividend Growth

-14.8%

Dividend cut (-14.8% YoY) — warning sign

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

🔒 See full fundamentals and if they are improving or declining — click here for your free trial now.

Start free trial