EnviroStar, Inc. (NYSE:EVI)
EnviroStar, Inc. (NYSE:EVI) shares traded in the $4 handle a year ago but on Friday EVI shares closed at $24.25. The Miami, FL-based firm is a distributor of commercial laundry and dry cleaning equipment, industrial boilers, and related parts, supplies, and technical services. The Company has been involved in this industry since 1959 and is the only publicly traded distributor in this industry. EnviroStar, Inc. (NYSE:EVI) buys market-leading laundry and general cleaning products businesses, and builds them up by implementing a growth culture that focuses on adding new locations, offering a more expansive and complimentary product line, and delivering technical services.
Thinly traded EnviroStar, Inc. (NYSE:EVI) has an impressive price chart. Here is a daily bar chart from August 1, 2016.
EnviroStar, Inc. (NYSE:EVI) recently announced financials for the six months ended December 31, 2016. Revenues increased by 188% to approximately $42.9 million from approximately $14.9 million for the same period of fiscal 2016. For the first six months of fiscal 2017, EVI generated operating income and net income of approximately $2.8 million and $1.7 million, respectively, or $0.19 per share, compared to operating income and net income of approximately $860,000 and $536,000, respectively, or $0.08 per share, for the same period of fiscal 2016.
EnviroStar, Inc. (NYSE:EVI) is the only publicly listed company in this sub-sector. With that observation, it is difficult for investors to judge some of its metrics that include an eye-popping 68.5 P/E ratio, price/sales of 3.35, and a cash/share valuation of just $0.32. Still, EnviroStar, Inc. (NYSE:EVI) closed Friday up over 17% on normal volumes and with no headline news reported. Obviously, like a tree, EVI cannot grow to the sky but to date – it looks impressive.
I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 96 hours. All information, or data, is provided with no guarantees of accuracy.
|Last Price a/o 8:00 PM EST||$ 20.65|
|Market Cap (mlns)||$ 214.13|
|Shares Outstanding (mlns)||8.83|
|Share Float (mlns)||1.66|
|Short Interest Ratio||3.29|