EVOAIR HLDGS (EVOH) Stock Fundamentals, Analysis & Risk Signals

Health score, price, valuation, risk signals, and key metrics at a glance.

EVOAIR HLDGS

OTC Markets OTCPK•Industrials•Building Products & Equipment

$23.000.00(0.00%)Market closed

Market Cap

$625.15M

P/S

1861.0x

P/B

15.9x

EvoAir Holdings Inc. engages in the research, development, manufacturing, trading, and sale of heating, ventilation, and air conditioning (HVAC) products and related services in Asia, Singapore, Malaysia, Cambodia, BVI, and China. The company offers portable air-conditioners under the e-Cond EVO brand name; hybrid air-conditioners and Coolpressor under the EvoAir brand name; air-conditioner indoor and commercial and industrial units; nano copper zinc, developed for airborne sanitization; air-purifier products under the e-CondLife brand name; air-sanitizing; and small air purifier systems under the QCOV brand name. It also provides retrofitting and customization services, as well as maintenance and installation services for EvoAir products to various commercial customers. In addition, it licenses its various proprietary, granted patent, utility model and patent, and utility model pending patent technologies to original equipment manufacturers (OEMs) and other brands to be incorporated in various HVAC products. It serves industrial clients, including factory settings and real estate developments. The company was formerly known as Unex Holdings Inc. and changed its name to EvoAir Holdings Inc. in November 2022. The company was incorporated in 2017 and is based in Kuala Lumpur, Malaysia.

How this company scores

AverageMetricSide Score: 45/100

Strongest: Growth (17/25); weakest: Cash & Earnings Quality (4/25).

Profitability9/25

Growth17/25

Balance Sheet & Red Flags15/25

Cash & Earnings Quality4/25

Strengths

Growing revenueInterest easily coveredProfit converts from growthNet cash position

Valuation vs. 5-year range

Today's multiple positioned against its own trailing range — a visual premium/discount check.

P/S · 1861.0x5y range 300.3x – 2559.4x

Currently near its 18-quarter median.

P/B · 15.9x5y range 2.8x – 15.9x

Currently above its 18-quarter median.

Watch items

Data-driven signals worth keeping an eye on across the last 8 quarters

High Risk

Margin Pressure

Red Flag

The company posted negative operating margins in recent quarters — core operations are unprofitable.

Earnings Quality

Red Flag

Free cash flow has been negative in 6 of the last 8 quarters — earnings are not translating to cash.

Price & Volume

Market Cap $625.15M

Metrics at a Glance

as of May 2026

Revenue & Profit

Revenue, EBITDA, operating income, net income, EPS, and shares

TTM Revenue: $335,920
Q. Revenue: $123,574
TTM EBITDA: $-10.61M
TTM Op. Income: $-10.99M
Q. Op. Income: $-1.08M
TTM Net Income: $-10.68M
Q. Net Income: $-1.01M
EPS: $-0.04
Shares Out.: $27.18M

$335,920 in TTM revenue grew 32.8% YoY, reaching $123,574 last quarter. TTM EBITDA of $-10.61M and TTM operating income of $-10.99M show growth is flowing through to the bottom line. However, net income is negative at $10.68M — growth is not yet reaching the bottom line. Over the past year, TTM revenue is up 33% — an improving trend.

Margins

Gross, EBITDA, operating, and net margin trends

Gross Margin: 5.5%
EBITDA Margin: -859.1%
Op. Margin: -873.8%
Net Margin: -820.1%

Op. margin of -873.8% is up 2366.0% YoY — cost efficiency is improving. Net margin at -820.1% and gross margin of 5.5% show how much of each revenue dollar survives to profit. Across the last 8 quarters, operating margin has risen for 3 consecutive quarters — an improving trend.

Price Ratios

P/E, P/S, P/B, EV/EBITDA, FCF yield, and earnings yield

P/E Ratio: N/A
P/S Ratio: 1861.0x
P/B Ratio: 15.9x

P/S of 1861.0x and P/B of 15.9x. P/S is high, meaning growth expectations are priced in.

Assets & Liabilities

Total assets, cash, debt, book value, and leverage

Total Assets: $43.62M
Cash: $35,811
Long-Term Debt: N/A
Book Value: $39.20M
D/E Ratio: N/A
Debt/EBITDA: N/A

Cash Flow

Operating cash flow, free cash flow, FCF margin, and earnings quality

Op. Cash Flow: $-264,454
TTM Free Cash Flow: $-1.31M
FCF Margin: -390.7%
FCF / Net Income: 0.1

TTM FCF of $-1.31M on $-264,454 in operating cash flow. The FCF / Net Income ratio of 0.1x means cash covers only part of net income — earnings quality needs attention. Over the past year, free cash flow is down 55% — an improving trend.