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Evolution Mining

ASX:EVN
Snowflake Description

Flawless balance sheet with questionable track record.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
EVN
ASX
A$6B
Market Cap
  1. Home
  2. AU
  3. Materials
Company description

Evolution Mining Limited engages in identifying, developing, and operating gold related projects in Australia and New Zealand. The last earnings update was 35 days ago. More info.


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EVN Share Price and Events
7 Day Returns
1.7%
ASX:EVN
1.3%
AU Metals and Mining
0.3%
AU Market
1 Year Returns
20.7%
ASX:EVN
13.7%
AU Metals and Mining
2.2%
AU Market
EVN Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Evolution Mining (EVN) 1.7% -2.4% 2.8% 20.7% 116.5% 312.4%
AU Metals and Mining 1.3% 1.2% 13.3% 13.7% 88% 9.4%
AU Market 0.3% 1.7% 10.1% 2.2% 18.5% 5.5%
1 Year Return vs Industry and Market
  • EVN outperformed the Metals and Mining industry which returned 13.7% over the past year.
  • EVN outperformed the Market in Australia which returned 2.2% over the past year.
Price Volatility
EVN
Industry
5yr Volatility vs Market

Value

 Is Evolution Mining undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Evolution Mining to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data    Our intrinsic value calculation method has changed recently, learn more here.

Below are the data sources, inputs and calculation used to determine the intrinsic value for Evolution Mining.

ASX:EVN Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 13 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 8.9%
Perpetual Growth Rate 10-Year AU Government Bond Rate 2.3%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for ASX:EVN
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year AU Govt Bond Rate 2.3%
Equity Risk Premium S&P Global 6%
Metals and Mining Unlevered Beta Simply Wall St/ S&P Global 1.12
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.121 (1 + (1- 30%) (5.65%))
1.111
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.11
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.31% + (1.111 * 5.96%)
8.93%

Discounted Cash Flow Calculation for ASX:EVN using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Evolution Mining is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

ASX:EVN DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (AUD, Millions) Source Present Value
Discounted (@ 8.93%)
2019 355.73 Analyst x5 326.55
2020 465.22 Analyst x5 392.04
2021 506.58 Analyst x4 391.88
2022 540.29 Est @ 6.66% 383.68
2023 569.21 Est @ 5.35% 371.07
2024 594.49 Est @ 4.44% 355.76
2025 617.09 Est @ 3.8% 339.00
2026 637.79 Est @ 3.35% 321.64
2027 657.20 Est @ 3.04% 304.24
2028 675.75 Est @ 2.82% 287.17
Present value of next 10 years cash flows A$3,473.02
ASX:EVN DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= A$675.75 × (1 + 2.31%) ÷ (8.93% – 2.31%)
A$10,440.16
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= A$10,440.16 ÷ (1 + 8.93%)10
A$4,436.73
ASX:EVN Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= A$3,473.02 + A$4,436.73
A$7,909.75
Equity Value per Share
(AUD)
= Total value / Shares Outstanding
= A$7,909.75 / 1,697.07
A$4.66
ASX:EVN Discount to Share Price
Calculation Result
Value per share (AUD) From above. A$4.66
Current discount Discount to share price of A$3.67
= -1 x (A$3.67 - A$4.66) / A$4.66
21.3%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Evolution Mining is available for.
Intrinsic value
21%
Share price is A$3.67 vs Future cash flow value of A$4.66
Current Discount Checks
For Evolution Mining to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Evolution Mining's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Evolution Mining's share price is below the future cash flow value, but not at a substantial discount (< 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Evolution Mining's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Evolution Mining's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
ASX:EVN PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in AUD A$0.14
ASX:EVN Share Price ** ASX (2019-03-19) in AUD A$3.67
Australia Metals and Mining Industry PE Ratio Median Figure of 82 Publicly-Listed Metals and Mining Companies 12.84x
Australia Market PE Ratio Median Figure of 543 Publicly-Listed Companies 16.33x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Evolution Mining.

ASX:EVN PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= ASX:EVN Share Price ÷ EPS (both in AUD)

= 3.67 ÷ 0.14

26.81x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Evolution Mining is overvalued based on earnings compared to the AU Metals and Mining industry average.
  • Evolution Mining is overvalued based on earnings compared to the Australia market.
Price based on expected Growth
Does Evolution Mining's expected growth come at a high price?
Raw Data
ASX:EVN PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 26.81x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 13 Analysts
13.3%per year
Australia Metals and Mining Industry PEG Ratio Median Figure of 40 Publicly-Listed Metals and Mining Companies 0.7x
Australia Market PEG Ratio Median Figure of 362 Publicly-Listed Companies 1.37x

*Line of best fit is calculated by linear regression .

ASX:EVN PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 26.81x ÷ 13.3%

2.02x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Evolution Mining is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Evolution Mining's assets?
Raw Data
ASX:EVN PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in AUD A$1.36
ASX:EVN Share Price * ASX (2019-03-19) in AUD A$3.67
Australia Metals and Mining Industry PB Ratio Median Figure of 584 Publicly-Listed Metals and Mining Companies 1.56x
Australia Market PB Ratio Median Figure of 1,670 Publicly-Listed Companies 1.67x
ASX:EVN PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= ASX:EVN Share Price ÷ Book Value per Share (both in AUD)

= 3.67 ÷ 1.36

2.69x

* Primary Listing of Evolution Mining.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Evolution Mining is overvalued based on assets compared to the AU Metals and Mining industry average.
X
Value checks
We assess Evolution Mining's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Metals and Mining industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Metals and Mining industry average (and greater than 0)? (1 check)
  5. Evolution Mining has a total score of 1/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is Evolution Mining expected to perform in the next 1 to 3 years based on estimates from 13 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
13.3%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Evolution Mining expected to grow at an attractive rate?
  • Evolution Mining's earnings growth is expected to exceed the low risk savings rate of 2.3%.
Growth vs Market Checks
  • Evolution Mining's earnings growth is expected to exceed the Australia market average.
  • Evolution Mining's revenue growth is positive but not above the Australia market average.
Annual Growth Rates Comparison
Raw Data
ASX:EVN Future Growth Rates Data Sources
Data Point Source Value (per year)
ASX:EVN Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 13 Analysts 13.3%
ASX:EVN Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 13 Analysts 1.6%
Australia Metals and Mining Industry Earnings Growth Rate Market Cap Weighted Average -0.6%
Australia Metals and Mining Industry Revenue Growth Rate Market Cap Weighted Average -0%
Australia Market Earnings Growth Rate Market Cap Weighted Average 6.4%
Australia Market Revenue Growth Rate Market Cap Weighted Average 3%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
ASX:EVN Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 13 Analyst Estimates (S&P Global) See Below
All numbers in AUD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
ASX:EVN Future Estimates Data
Date (Data in AUD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-06-30 1,595 871 326 2
2022-06-30 1,635 875 368 2
2021-06-30 1,589 723 327 12
2020-06-30 1,593 723 308 13
2019-06-30 1,522 657 222 12
ASX:EVN Past Financials Data
Date (Data in AUD Millions) Revenue Cash Flow Net Income *
2018-12-31 1,515 658 232
2018-09-30 1,527 686 248
2018-06-30 1,540 714 263
2018-03-31 1,546 696 233
2017-12-31 1,551 677 203
2017-09-30 1,515 664 211
2017-06-30 1,480 651 218
2017-03-31 1,456 654 173
2016-12-31 1,433 658 128
2016-09-30 1,381 616 52
2016-06-30 1,329 574 -24
2016-03-31 1,144 2

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Evolution Mining's earnings are expected to grow by 13.3% yearly, however this is not considered high growth (20% yearly).
  • Evolution Mining's revenue is expected to grow by 1.6% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
ASX:EVN Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 13 Analyst Estimates (S&P Global) See Below

All data from Evolution Mining Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

ASX:EVN Future Estimates Data
Date (Data in AUD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2023-06-30 0.19 0.19 0.19 1.00
2022-06-30 0.22 0.25 0.18 2.00
2021-06-30 0.19 0.28 0.14 9.00
2020-06-30 0.18 0.22 0.14 10.00
2019-06-30 0.13 0.15 0.10 8.00
ASX:EVN Past Financials Data
Date (Data in AUD Millions) EPS *
2018-12-31 0.14
2018-09-30 0.15
2018-06-30 0.16
2018-03-31 0.14
2017-12-31 0.12
2017-09-30 0.13
2017-06-30 0.13
2017-03-31 0.11
2016-12-31 0.08
2016-09-30 0.04
2016-06-30 -0.02
2016-03-31 0.00

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Evolution Mining is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Evolution Mining's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Australia market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Australia market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Evolution Mining has a total score of 2/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Evolution Mining performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Evolution Mining's growth in the last year to its industry (Metals and Mining).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Evolution Mining has delivered over 20% year on year earnings growth in the past 5 years.
  • Evolution Mining's 1-year earnings growth is less than its 5-year average (14% vs 54%)
  • Evolution Mining's earnings growth has not exceeded the AU Metals and Mining industry average in the past year (14% vs 14%).
Earnings and Revenue History
Evolution Mining's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Evolution Mining Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

ASX:EVN Past Revenue, Cash Flow and Net Income Data
Date (Data in AUD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 1,514.51 231.98 34.46
2018-09-30 1,527.47 247.68 35.07
2018-06-30 1,540.43 263.39 35.69
2018-03-31 1,545.65 233.42 35.03
2017-12-31 1,550.87 203.46 35.67
2017-09-30 1,515.37 210.53 35.41
2017-06-30 1,479.88 217.61 35.14
2017-03-31 1,456.28 172.70 38.18
2016-12-31 1,432.68 127.79 41.22
2016-09-30 1,380.65 51.72 38.76
2016-06-30 1,328.61 -24.35 36.30
2016-03-31 1,143.60 2.06 33.28
2015-12-31 948.01 41.58 28.13
2015-09-30 806.98 70.85 27.73
2015-06-30 665.96 100.12 27.33
2015-03-31 646.95 85.43 23.74
2014-12-31 638.52 57.64 22.28
2014-09-30 636.47 53.83 22.44
2014-06-30 634.42 50.02 22.60
2014-03-31 619.37 -131.32 22.49
2013-12-31 604.33 -312.66 22.38
2013-09-30 604.68 -310.04 24.80
2013-06-30 605.03 -307.42 27.22
2013-03-31 620.77 -105.74 33.34
2012-12-31 636.51 95.95 39.45
2012-09-30 553.00 66.63 38.00
2012-06-30 469.48 37.31 36.54
2012-03-31 348.95 7.54 27.85

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Evolution Mining has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Evolution Mining used its assets less efficiently than the AU Metals and Mining industry average last year based on Return on Assets.
  • Evolution Mining has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Evolution Mining's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Metals and Mining industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Evolution Mining has a total score of 2/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Evolution Mining's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Evolution Mining's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Evolution Mining is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Evolution Mining's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Evolution Mining's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 1.8x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Evolution Mining Company Filings, last reported 2 months ago.

ASX:EVN Past Debt and Equity Data
Date (Data in AUD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 2,312.73 347.08 313.63
2018-09-30 2,312.73 347.08 313.63
2018-06-30 2,288.39 385.97 323.23
2018-03-31 2,288.39 385.97 323.23
2017-12-31 2,203.37 393.85 163.50
2017-09-30 2,203.37 393.85 163.50
2017-06-30 2,128.25 436.12 37.39
2017-03-31 2,128.25 436.12 37.39
2016-12-31 2,070.25 603.01 14.48
2016-09-30 2,070.25 603.01 14.48
2016-06-30 1,551.43 296.46 17.30
2016-03-31 1,551.43 296.46 17.30
2015-12-31 1,559.11 499.05 45.29
2015-09-30 1,559.11 499.05 45.29
2015-06-30 1,124.56 23.92 205.79
2015-03-31 853.98 116.47 32.51
2014-12-31 823.55 156.23 47.44
2014-09-30 823.55 156.23 47.44
2014-06-30 785.30 161.62 31.61
2014-03-31 785.30 161.62 31.61
2013-12-31 776.52 168.46 36.95
2013-09-30 776.52 168.46 36.95
2013-06-30 747.26 134.46 13.66
2013-03-31 747.26 134.46 13.66
2012-12-31 1,098.16 84.30 49.22
2012-09-30 1,098.16 84.30 49.22
2012-06-30 1,056.42 35.85 141.78
2012-03-31 1,056.42 35.85 141.78
  • Evolution Mining's level of debt (15%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (21.7% vs 15% today).
  • Debt is well covered by operating cash flow (189.5%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 20.4x coverage).
X
Financial health checks
We assess Evolution Mining's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Evolution Mining has a total score of 6/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

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

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
2.18%
Current annual income from Evolution Mining dividends. Estimated to be 2.61% next year.
If you bought A$2,000 of Evolution Mining shares you are expected to receive A$44 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Evolution Mining's pays a lower dividend yield than the bottom 25% of dividend payers in Australia (2.59%).
  • Evolution Mining's dividend is below the markets top 25% of dividend payers in Australia (5.72%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
ASX:EVN Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 13 Analyst Estimates (S&P Global) See Below
Australia Metals and Mining Industry Average Dividend Yield Market Cap Weighted Average of 36 Stocks 3.8%
Australia Market Average Dividend Yield Market Cap Weighted Average of 418 Stocks 4.4%
Australia Minimum Threshold Dividend Yield 10th Percentile 1.6%
Australia Bottom 25% Dividend Yield 25th Percentile 2.6%
Australia Top 25% Dividend Yield 75th Percentile 5.7%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

ASX:EVN Future Dividends Estimate Data
Date (Data in A$) Dividend per Share (annual) Avg. No. Analysts
2023-06-30 0.11 2.00
2022-06-30 0.11 2.00
2021-06-30 0.11 13.00
2020-06-30 0.10 15.00
2019-06-30 0.08 15.00
ASX:EVN Past Annualized Dividends Data
Date (Data in A$) Dividend per share (annual) Avg. Yield (%)
2018-08-16 0.080 2.496
2018-02-14 0.070 2.235
2017-08-16 0.060 2.434
2017-02-15 0.040 1.763
2016-08-16 0.040 1.841
2016-02-17 0.020 0.965
2015-08-26 0.020 1.490
2015-06-23 0.020 1.859
2015-02-18 0.020 2.071
2014-08-28 0.020 2.932
2014-02-20 0.020 2.435
2013-08-29 0.010 1.414

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Whilst dividend payments have been stable, Evolution Mining has been paying a dividend for less than 10 years.
  • Dividend payments have increased, but Evolution Mining only paid a dividend in the past 6 years.
Current Payout to shareholders
What portion of Evolution Mining's earnings are paid to the shareholders as a dividend.
  • Dividends paid are covered by earnings (1.8x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be covered by earnings (1.8x coverage).
X
Income/ dividend checks
We assess Evolution Mining's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.6%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Evolution Mining afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Evolution Mining has a total score of 2/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of Evolution Mining's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
  • Evolution Mining has no CEO, or we have no data on them.
Management Team Tenure

Average tenure of the Evolution Mining management team in years:

2.7
Average Tenure
  • The tenure for the Evolution Mining management team is about average.
Management Team

Jake Klein

TITLE
Executive Chairman
COMPENSATION
A$5M
AGE
52

Lawrie Conway

TITLE
Finance Director
COMPENSATION
A$1M
TENURE
4.6 yrs

Bob Fulker

TITLE
Chief Operating Officer
COMPENSATION
A$919K
TENURE
1.1 yrs

Paul Eagle

TITLE
Vice President of People & Culture
COMPENSATION
A$882K
TENURE
2.7 yrs

Glen Masterman

TITLE
Vice President of Discovery & Business Development
COMPENSATION
A$1M
AGE
48
TENURE
0.2 yrs

Evan Elstein

TITLE
Company Secretary
COMPENSATION
A$933K
TENURE
7.4 yrs

Bryan O'Hara

TITLE
General Manager of Investor Relations
Board of Directors Tenure

Average tenure and age of the Evolution Mining board of directors in years:

7.4
Average Tenure
61
Average Age
  • The tenure for the Evolution Mining board of directors is about average.
Board of Directors

Jake Klein

TITLE
Executive Chairman
COMPENSATION
A$5M
AGE
52
TENURE
7.4 yrs

Lawrie Conway

TITLE
Finance Director
COMPENSATION
A$1M
TENURE
7.4 yrs

Tommy McKeith

TITLE
Non-Executive Director
COMPENSATION
A$158K
AGE
54
TENURE
5.1 yrs

Andrea Hall

TITLE
Non-Executive Director
COMPENSATION
A$104K
TENURE
1.4 yrs

Cobb Johnstone

TITLE
Lead Independent Director
COMPENSATION
A$173K
AGE
61
TENURE
3.3 yrs

Graham Freestone

TITLE
Non-Executive Director
COMPENSATION
A$168K
AGE
71
TENURE
9.3 yrs

Jim Askew

TITLE
Non-Executive Director
COMPENSATION
A$153K
AGE
70
TENURE
7.4 yrs
Who owns this company?
Recent Insider Trading
  • Evolution Mining insiders have only sold shares in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (A$) Value (A$)
19. Feb 19 Sell Jacob Klein Individual 19. Feb 19 19. Feb 19 -2,500,000 A$3.78 A$-9,450,998
02. Aug 18 Sell Legal & General Investment Management Limited Company 29. Jun 18 25. Jul 18 -4,990 A$3.50 A$-17,446
02. Aug 18 Sell Van Eck Associates Corporation Company 29. Jun 18 25. Jul 18 -127,141 A$3.52 A$-417,204
02. Aug 18 Buy Van Eck Associates Corporation Company 27. Jun 18 20. Jul 18 587,505 A$3.50 A$1,958,882
26. Jul 18 Sell La Mancha Holding SARL Company 26. Jul 18 26. Jul 18 -92,000,000 A$2.84 A$-260,999,885
26. Jun 18 Buy Lockheed Martin Corporation Master Retirement Trust Company 03. Apr 18 03. Apr 18 257,000 A$3.13 A$803,449
26. Jun 18 Buy Legal & General Investment Management Limited Company 07. Mar 18 15. Jun 18 58,958 A$3.52 A$207,350
26. Jun 18 Sell Van Eck Associates Corporation Company 16. Mar 18 20. Jun 18 -1,093,173 A$3.41 A$-3,492,519
26. Jun 18 Buy Van Eck Associates Corporation Company 01. Mar 18 19. Jun 18 14,260,206 A$3.61 A$50,150,257
19. Apr 18 Sell La Mancha Holding SARL Company 19. Apr 18 19. Apr 18 -84,630,603 A$3.21 A$-271,664,139
X
Management checks
We assess Evolution Mining's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Evolution Mining has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

What Kind Of Shareholders Own Evolution Mining Limited (ASX:EVN)?

If you want to know who really controls Evolution Mining Limited (ASX:EVN), then you'll have to look at the makeup of its share registry. … With a market capitalization of AU$6.2b, Evolution Mining is rather large. … Check out our latest analysis for Evolution Mining

Simply Wall St -

Have Investors Priced In Evolution Mining Limited's (ASX:EVN) Growth?

Evolution Mining Limited (ASX:EVN) is considered a high-growth stock, but its last closing price of A$3.6 left some investors wondering if this high future earnings potential can be rationalized by its current price tag. … Let’s take a look at some key metrics to determine whether there's any value here for current and potential future investors. … Investors in Evolution Mining have been patiently waiting for the uptick in earnings.

Simply Wall St -

Should We Worry About Evolution Mining Limited's (ASX:EVN) P/E Ratio?

To keep it practical, we'll show how Evolution Mining Limited's (ASX:EVN) P/E ratio could help you assess the value on offer. … Evolution Mining has a P/E ratio of 27.69, based on the last twelve months. … Price to Earnings Ratio = Price per Share ÷ Earnings per Share (EPS)

Simply Wall St -

Do Evolution Mining Limited’s (ASX:EVN) Returns On Capital Employed Make The Cut?

To be precise, we'll consider its Return On Capital Employed (ROCE), as that will inform our view of the quality of the business. … What is Return On Capital Employed (ROCE)? … How Do You Calculate Return On Capital Employed?

Simply Wall St -

Why Evolution Mining Limited (ASX:EVN) Is A Buy When Markets Go Down

Today I want to bring to light the market's darling - Evolution Mining Limited. … Looking at its size, financial health and track record, I believe there's an opportunity with Evolution Mining during these volatile times. … Evolution Mining Limited engages in identifying, developing, and operating gold related projects in Australia and New Zealand.

Simply Wall St -

Evolution Mining Limited (ASX:EVN) Has A ROE Of 12%

With that in mind, this article will work through how we can use Return On Equity (ROE) to better understand a business. … One way to conceptualize this, is that for each A$1 of shareholders' equity it has, the company made A$0.12 in profit. … Return on Equity = Net Profit ÷ Shareholders' Equity

Simply Wall St -

What Should Investors Know About Evolution Mining Limited's (ASX:EVN) Growth?

Looking at Evolution Mining Limited's (ASX:EVN) earnings update in June 2018, … the consensus outlook from analysts appear … as a -16% fall in profits is expected in the upcoming year

Simply Wall St -

Calculating The Intrinsic Value Of Evolution Mining Limited (ASX:EVN)

Today I will be providing a simple run through of a valuation method used to estimate the attractiveness of Evolution Mining Limited (ASX:EVN) as an investment opportunity. … by taking the expected future cash flows and discounting them to today's value. … discounted cash flows (DCF).

Simply Wall St -

All You Need To Know About Evolution Mining Limited's (ASX:EVN) Financial Health

Small-caps and large-caps are wildly popular among investors, however, mid-cap stocks, such as Evolution Mining Limited (ASX:EVN), with a market capitalization of AU$5.4b, rarely draw their attention from the investing community. … EVN’s financial liquidity and debt position will be analysed in this article, to get an idea of whether the company can fund opportunities for strategic growth and maintain strength through economic downturns. … View our latest analysis for Evolution Mining

Simply Wall St -

What Type Of Shareholder Owns Evolution Mining Limited's (ASX:EVN)?

Institutions often own shares in more established companies, while it's not unusual to see insiders own a fair bit of smaller companies. … Evolution Mining is a pretty big company. … Check out our latest analysis for Evolution Mining

Simply Wall St -

Company Info

Description

Evolution Mining Limited engages in identifying, developing, and operating gold related projects in Australia and New Zealand. The company primarily explores for gold, copper, and silver deposits. As of June 30, 2018, it operated five wholly-owned gold mines located in Cowal in New South Wales; Cracow, Mt Carlton, and Mt Rawdon in Queensland; and Mungari in Western Australia, as well as had an economic interest in the Ernest Henry copper-gold operation in Queensland. The company was formerly known as Catalpa Resources Limited and changed its name to Evolution Mining Limited in November 2011. Evolution Mining Limited is based in Sydney, Australia.

Details
Name: Evolution Mining Limited
EVN
Exchange: ASX
Founded:
A$6,143,392,386
1,697,069,720
Website: http://evolutionmining.com.au
Address: Evolution Mining Limited
175 Liverpool Street,
Level 30,
Sydney,
New South Wales, 2000,
Australia
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
ASX EVN Ordinary Shares Australian Securities Exchange AU AUD 20. Aug 2002
OTCPK CAHP.F Ordinary Shares Pink Sheets LLC US USD 20. Aug 2002
DB WE7 Ordinary Shares Deutsche Boerse AG DE EUR 20. Aug 2002
CHIA EVN Ordinary Shares Chi-X Australia AU AUD 20. Aug 2002
Number of employees
Current staff
Staff numbers
0
Evolution Mining employees.
Industry
Gold
Materials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/03/19 10:32
End of day share price update: 2019/03/19 00:00
Last estimates confirmation: 2019/03/18
Last earnings filing: 2019/02/12
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/06/30


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.