Disclaimer this not about EVS:

Just some thoughts as nonpremium straw man.

I would post this to the forum, but it seems non-members can’t post there, or at least it seems we cannot.

I started using strawman late 2018 and from then on it was an integral part of my research, mostly in finding new ways to think about the same company.  Prior to it going premium I had eased off for a bit as I was busy doing other things in my life.
But I am still doing my stonk reach here and there, and I still comeback to the website. I’ve found that the information about core business is still prevalent past a month, so the month barrier is not the worst and I know I’m missing out on a few cheeky extras as premium member, but the price tag for me just isn’t in my budget.
 

The website feel has changed for me as well, although I know the premium prevents the website Turing into a hot copper 2.0. I do miss the instant reactions to company news, and I find as non-member no reason to post any straws or valuations, the sharing has been subdued by a paywall.

Which is fine if that is how strawman wants to go, and it’ll help everyone in the club become better investors. But that’s what struck at first about strawman, was the fact that it wasn’t a club, but a level playing field. The price tag has ratted me out as a casual, and that’s fine I’m not a diehard investor, but It does mean there is less voices out there, I do hope the club does not become an echo chamber.

Best of luck s

ok i Know many others have noted this on the PET coloumn of straws, but this is just a a reminder for those looking into this stock to check out Zhigang Zhang, he was a director at PET, who have been suspended accordingly to alleged fraud and acounting discrepncies.  EVS gave this dude and his enity 50 million shares, to help run the chinese side of buisness. Now i own some EVS, and this has shook my vlauation completlty, it may be time to re-evalueate for those who have never seen this info before 

They planned to have around 15 to 20 million in revenue for this year, last half year was not testament to this, they have said that they received 7.5 million in the new orders in their most recent presentation, whether this includes the first year results i am not sure. however, based of this and the optimistic scale of growth, they may finish this year with 9-12 million in revenue. 

They plan to have 100 million in revenue by 2023, very ambitious. Their acquisition has claimed to bring in high revenue, however the statistics for the revenue of EMS was prior Corona, so that may be dimmed.  Not sure how much they will count that in on revenue in the yearly report.

Any news for increased in contracts from north America is not the best news for me. because if you see their revenue vs costs here, they make a low very marginal profit. In saying this they are still unprofitable and although 2021 Q 3 is the aim, they still have fairly high costs. 

Competition 

they have high competition globally, their largest and most compatible competition is Cority, their price is minimum 10k for services compared to EVS 5K. They are a Canadian company that has a foot in Australia, for water pollution. No crossover with noise pollution, however they also provide services for water pollution similar to EVS's Thames service (in fact on their website they have almost the same photo the water treatment plant.) they have around 30 - 50 million revenue.  

There also plenty of smaller companies that aren’t as steeped in this field but have a service. Enablon is more industry based but does have a service. CH2M Hill is a water management company, not exactly the same but could take market space. Gensuite, not much market crossover, more compliance based. haven’t found many competitive noise pollution reductionist companies. 

Board

Their board seems to be ok, not many marketing shills. Adequate experience with running companies and management, not the best SaaS experience, do not know too much about them, but one of them seems to old to have Linkedin. The ownership in the company shot up last year, which is a great sign.

Price

Considering that from 2015 to 2016 they had 17 million in revenue and the price was about the same level, tells me that the price probably is already accounting for the optimistic growth of revenue, however it is definitely is much to low if  they do truly reach 100 million and high profitability by 2023. Currently it is very volatile, I think that coming into this yearly report will really tell tale the price. Halving their expectations I still think that this is undervalued, however it must be a long term hold, as if I buy prior to this report and they do receive my except 9- 12 million in revenue I think the price will drop, if its above 15 million it will rise. This is high speculation stuff short term, I do think they are flexible and capable of achieving halve of their expectations by 2023, it will see good growth.