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EVN

Evolution MiningASX:EVN Stock Report

Market Cap

AU$7.0b

7D

1.1%

1Y

-32.5%

Updated

26 Oct, 2021

Data

Company Financials +
EVN fundamental analysis
Snowflake Score
Valuation2/6
Future Growth3/6
Past Performance3/6
Financial Health4/6
Dividends3/6

EVN Overview

Evolution Mining Limited engages in the exploration, mine development, mine operations, and sale of gold and gold/copper concentrates in Australia and Canada.

Evolution Mining Competitors

Newcrest Mining

ASX:NCM

AU$20.6b

Northern Star Resources

ASX:NST

AU$11.3b

Perseus Mining

ASX:PRU

AU$2.0b

Regis Resources

ASX:RRL

AU$1.7b

Price History & Performance

Summary of all time highs, changes and price drops for Evolution Mining
Historical stock prices
Current Share PriceAU$3.76
52 Week HighAU$3.27
52 Week LowAU$6.46
Beta-0.087
1 Month Change4.15%
3 Month Change-10.26%
1 Year Change-32.50%
3 Year Change22.48%
5 Year Change68.61%
Change since IPO81.09%

Recent News & Updates

Aug 24
Should You Be Adding Evolution Mining (ASX:EVN) To Your Watchlist Today?

Should You Be Adding Evolution Mining (ASX:EVN) To Your Watchlist Today?

Like a puppy chasing its tail, some new investors often chase 'the next big thing', even if that means buying 'story...

Shareholder Returns

EVNAU Metals and MiningAU Market
7D1.1%-0.4%0.8%
1Y-32.5%15.6%24.4%

Return vs Industry: EVN underperformed the Australian Metals and Mining industry which returned 15.6% over the past year.

Return vs Market: EVN underperformed the Australian Market which returned 24.4% over the past year.

Price Volatility

Is EVN's price volatile compared to industry and market?
EVN volatility
EVN Beta-0.087
Industry Beta0.97
Market Beta1

Stable Share Price: EVN is less volatile than 75% of Australian stocks over the past 3 months, typically moving +/- 5% a week.

Volatility Over Time: EVN's weekly volatility (5%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
1998n/an/ahttps://evolutionmining.com.au

Evolution Mining Limited engages in the exploration, mine development, mine operations, and sale of gold and gold/copper concentrates in Australia and Canada. The company also explores for copper and silver deposits. As of June 30, 2021, it operated five gold mines, such as Cowal in New South Wales; Mt Carlton and Mt Rawdon in Queensland; Mungari in Western Australia; and Red Lake in Ontario.

Evolution Mining Fundamentals Summary

How do Evolution Mining's earnings and revenue compare to its market cap?
EVN fundamental statistics
Market CapAU$7.00b
Earnings (TTM)AU$345.26m
Revenue (TTM)AU$1.86b

20.0x

P/E Ratio

3.7x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
EVN income statement (TTM)
RevenueAU$1.86b
Cost of RevenueAU$1.29b
Gross ProfitAU$578.93m
ExpensesAU$233.67m
EarningsAU$345.26m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)0.19
Gross Margin31.06%
Net Profit Margin18.52%
Debt/Equity Ratio24.1%

How did EVN perform over the long term?

See historical performance and comparison

Dividends

3.2%

Current Dividend Yield

59%

Payout Ratio

Valuation

Is Evolution Mining undervalued compared to its fair value and its price relative to the market?

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: EVN (A$3.76) is trading below our estimate of fair value (A$11.02)

Significantly Below Fair Value: EVN is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: EVN is poor value based on its PE Ratio (20x) compared to the Australian Metals and Mining industry average (14.6x).

PE vs Market: EVN's PE Ratio (20x) is in line with the Australian market.


Price to Earnings Growth Ratio

PEG Ratio: EVN is poor value based on its PEG Ratio (1.2x)


Price to Book Ratio

PB vs Industry: EVN is overvalued based on its PB Ratio (2.7x) compared to the AU Metals and Mining industry average (2.6x).


Future Growth

How is Evolution Mining forecast to perform in the next 1 to 3 years based on estimates from 16 analysts?

17.0%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: EVN's forecast earnings growth (17% per year) is above the savings rate (1.9%).

Earnings vs Market: EVN's earnings (17% per year) are forecast to grow faster than the Australian market (12.4% per year).

High Growth Earnings: EVN's earnings are forecast to grow, but not significantly.

Revenue vs Market: EVN's revenue (7.7% per year) is forecast to grow faster than the Australian market (5.3% per year).

High Growth Revenue: EVN's revenue (7.7% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: EVN's Return on Equity is forecast to be low in 3 years time (12.2%).


Past Performance

How has Evolution Mining performed over the past 5 years?

23.8%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: EVN has high quality earnings.

Growing Profit Margin: EVN's current net profit margins (18.5%) are higher than last year (15.5%).


Past Earnings Growth Analysis

Earnings Trend: EVN has become profitable over the past 5 years, growing earnings by 23.8% per year.

Accelerating Growth: EVN's earnings growth over the past year (14.5%) is below its 5-year average (23.8% per year).

Earnings vs Industry: EVN earnings growth over the past year (14.5%) underperformed the Metals and Mining industry 35.3%.


Return on Equity

High ROE: EVN's Return on Equity (13.6%) is considered low.


Financial Health

How is Evolution Mining's financial position?


Financial Position Analysis

Short Term Liabilities: EVN's short term assets (A$464.4M) exceed its short term liabilities (A$349.4M).

Long Term Liabilities: EVN's short term assets (A$464.4M) do not cover its long term liabilities (A$1.1B).


Debt to Equity History and Analysis

Debt Level: EVN's debt to equity ratio (24.1%) is considered satisfactory.

Reducing Debt: EVN's debt to equity ratio has increased from 18.6% to 24.1% over the past 5 years.

Debt Coverage: EVN's debt is well covered by operating cash flow (123.8%).

Interest Coverage: EVN's interest payments on its debt are well covered by EBIT (27.4x coverage).


Balance Sheet


Dividend

What is Evolution Mining current dividend yield, its reliability and sustainability?

3.19%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: EVN's dividend (3.19%) is higher than the bottom 25% of dividend payers in the Australian market (2.23%).

High Dividend: EVN's dividend (3.19%) is low compared to the top 25% of dividend payers in the Australian market (5.32%).


Stability and Growth of Payments

Stable Dividend: EVN has been paying a dividend for less than 10 years and during this time payments have been volatile.

Growing Dividend: EVN's dividend payments have increased, but the company has only paid a dividend for 8 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonable payout ratio (59.4%), EVN's dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: EVN's dividends in 3 years are forecast to be covered by earnings (53.8% payout ratio).


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

5.3yrs

Average management tenure


CEO

Evolution Mining has no CEO, or we have no data on them.


Leadership Team

Experienced Management: EVN's management team is seasoned and experienced (5.3 years average tenure).


Board Members

Experienced Board: EVN's board of directors are considered experienced (3.4 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: EVN insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 7.3%.


Top Shareholders

Company Information

Evolution Mining Limited's employee growth, exchange listings and data sources


Key Information

  • Name: Evolution Mining Limited
  • Ticker: EVN
  • Exchange: ASX
  • Founded: 1998
  • Industry: Gold
  • Sector: Materials
  • Market Cap: AU$7.002b
  • Shares outstanding: 1.83b
  • Website: https://evolutionmining.com.au

Number of Employees


Location

  • Evolution Mining Limited
  • 175 Liverpool Street
  • Level 24
  • Sydney
  • New South Wales
  • 2000
  • Australia

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/10/26 07:01
End of Day Share Price2021/10/26 00:00
Earnings2021/06/30
Annual Earnings2021/06/30


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.