Stocktoria
EvoAir Holdings Inc. EVOH
EvoAir Holdings Inc. (EVOH) earns a Piotroski F-score of 3/9 (weak financial health), with an Altman Z″ in the safe zone. It does not currently pay a dividend. FY2025 revenue was $284,666 at a -5138.3% net margin.
Quality score trend · recomputed for each fiscal year
Each year's score is computed from that year's filing — a rising Piotroski F or Altman Z″ means improving financial health, a fall is worth a look.
Beneish M-score: -4.6 — low (below −2.22 — no manipulation red flag) . A statistical screen for earnings manipulation, not proof — and it doesn't apply to most banks/insurers.
How it ranks in Manufacturing · percentile among 1995 companies
Percentile vs other Manufacturing companies we cover — e.g. “stronger than 90%” means only 10% score higher on that measure.
Piotroski F breakdown · 3/9 tests passed
- Positive return on assets
- Positive operating cash flow
- Rising ROA
- Cash flow exceeds net income
- Lower long-term debt
- Rising current ratio
- No share dilution
- Rising gross margin
- Rising asset turnover
Altman Z″ components · safe zone
| Component | Value |
|---|---|
| Working capital / assets | -0.059 |
| Retained earnings / assets | -1.183 |
| EBIT / assets | -0.328 |
| Equity / liabilities | 13.069 |
Sector peers · similar-size Manufacturing companies compare side by side →
| Ticker | Company | Piotroski F | Altman Z″ | P / E | Revenue growth |
|---|---|---|---|---|---|
| EVOH | EvoAir Holdings Inc. | 3/9 | 7.28 | — | — |
| TGEN | TECOGEN INC. | 2/9 | -1.48 | — | +19.7% |
| AAON | AAON, INC. | 3/9 | 5.47 | 96.5 | +20.1% |
| LII | LENNOX INTERNATIONAL INC | 5/9 | 7.18 | 24.4 | -2.7% |
| CARR | CARRIER GLOBAL Corp | 4/9 | 2.35 | 41.2 | -3.3% |
| JCI | Johnson Controls International plc | 6/9 | — | 25.7 | +2.8% |
| VFS | VinFast Auto Ltd. | 4/9 | -13.01 | — | +57.9% |
About EvoAir Holdings Inc.
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.
FAQ
Is EVOH financially healthy?
EvoAir Holdings Inc.'s Piotroski F-score is 3/9 (8–9 is excellent, 0–3 weak), and its Altman Z″ distress score is in the safe zone.
Does EVOH pay a dividend?
No, EvoAir Holdings Inc. does not currently pay a dividend.
How profitable is EVOH?
In FY2025, EvoAir Holdings Inc. had a net margin of -5138.3% and a return on equity of -34.5%.
Is EVOH a good stock to buy?
Stocktoria doesn't give buy or sell advice, but here is the data on EvoAir Holdings Inc.: a Piotroski F-score of 3/9, an Altman Z″ in the safe zone. Weigh these quality and valuation signals against your own goals.
Computed from company filings · US · as of 2025-08-31. Facts plus Stocktoria's own computed scores — not investment advice.