Executive Summary
Evolution Mining Limited engages in identifying, developing, and operating gold related projects in Australia and New Zealand. More Details
Rewards
Risk Analysis
Snowflake Analysis
Adequate balance sheet with acceptable track record.
Similar Companies
Share Price & News
How has Evolution Mining's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: EVN is not significantly more volatile than the rest of Australian stocks over the past 3 months, typically moving +/- 7% a week.
Volatility Over Time: EVN's weekly volatility (7%) has been stable over the past year.
Market Performance
7 Day Return
0.9%
EVN
3.0%
AU Metals and Mining
2.6%
AU Market
1 Year Return
19.9%
EVN
26.8%
AU Metals and Mining
-0.4%
AU Market
Return vs Industry: EVN underperformed the Australian Metals and Mining industry which returned 26.8% over the past year.
Return vs Market: EVN exceeded the Australian Market which returned -0.4% over the past year.
Shareholder returns
| EVN | Industry | Market | |
|---|---|---|---|
| 7 Day | 0.9% | 3.0% | 2.6% |
| 30 Day | -8.0% | 8.5% | 3.4% |
| 90 Day | -20.2% | 28.5% | 14.6% |
| 1 Year | 23.8%19.9% | 33.7%26.8% | 3.0%-0.4% |
| 3 Year | 81.0%67.1% | 71.9%48.3% | 26.6%11.0% |
| 5 Year | 266.6%222.6% | 277.5%210.0% | 67.5%33.9% |
Long-Term Price Volatility Vs. Market
How volatile is Evolution Mining's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 week ago | Simply Wall St
Have Insiders Been Selling Evolution Mining Limited (ASX:EVN) Shares?3 weeks ago | Simply Wall St
With EPS Growth And More, Evolution Mining (ASX:EVN) Is Interesting1 month ago | Simply Wall St
What Can The Trends At Evolution Mining (ASX:EVN) Tell Us About Their Returns?Valuation
Is Evolution Mining undervalued compared to its fair value and its price relative to the market?
37.4%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: EVN (A$4.63) is trading below our estimate of fair value (A$7.39)
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 (26.1x) compared to the AU Metals and Mining industry average (15.2x).
PE vs Market: EVN is poor value based on its PE Ratio (26.1x) compared to the Australian market (23.5x).
Price to Earnings Growth Ratio
PEG Ratio: EVN is poor value based on its PEG Ratio (1.5x)
Price to Book Ratio
PB vs Industry: EVN is overvalued based on its PB Ratio (3.2x) compared to the AU Metals and Mining industry average (3x).
Next Steps
Future Growth
How is Evolution Mining forecast to perform in the next 1 to 3 years based on estimates from 12 analysts?
16.9%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: EVN's forecast earnings growth (16.9% per year) is above the savings rate (2%).
Earnings vs Market: EVN's earnings (16.9% per year) are forecast to grow slower than the Australian market (18.8% per year).
High Growth Earnings: EVN's earnings are forecast to grow, but not significantly.
Revenue vs Market: EVN's revenue (3.1% per year) is forecast to grow slower than the Australian market (5.3% per year).
High Growth Revenue: EVN's revenue (3.1% 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 (17.4%).
Next Steps
Past Performance
How has Evolution Mining performed over the past 5 years?
30.9%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: EVN has a large one-off loss of A$167.9M impacting its June 30 2020 financial results.
Growing Profit Margin: EVN's current net profit margins (15.5%) are higher than last year (14.5%).
Past Earnings Growth Analysis
Earnings Trend: EVN's earnings have grown significantly by 30.9% per year over the past 5 years.
Accelerating Growth: EVN's earnings growth over the past year (38%) exceeds its 5-year average (30.9% per year).
Earnings vs Industry: EVN earnings growth over the past year (38%) underperformed the Metals and Mining industry 38%.
Return on Equity
High ROE: EVN's Return on Equity (12.2%) is considered low.
Next Steps
Financial Health
How is Evolution Mining's financial position?
Financial Position Analysis
Short Term Liabilities: EVN's short term assets (A$723.8M) exceed its short term liabilities (A$355.8M).
Long Term Liabilities: EVN's short term assets (A$723.8M) do not cover its long term liabilities (A$855.1M).
Debt to Equity History and Analysis
Debt Level: EVN's debt to equity ratio (22.8%) is considered satisfactory.
Reducing Debt: EVN's debt to equity ratio has increased from 1.2% to 22.8% over the past 5 years.
Debt Coverage: EVN's debt is well covered by operating cash flow (178.9%).
Interest Coverage: EVN's interest payments on its debt are well covered by EBIT (36.9x coverage).
Balance Sheet
Next Steps
Dividend
What is Evolution Mining current dividend yield, its reliability and sustainability?
3.89%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: EVN's dividend (3.89%) is higher than the bottom 25% of dividend payers in the Australian market (2.04%).
High Dividend: EVN's dividend (3.89%) is low compared to the top 25% of dividend payers in the Australian market (5%).
Stability and Growth of Payments
Stable Dividend: Whilst dividend payments have been stable, EVN has been paying a dividend for less than 10 years.
Growing Dividend: EVN's dividend payments have increased, but the company has only paid a dividend for 7 years.
Current Payout to Shareholders
Dividend Coverage: With its high payout ratio (90.3%), EVN's dividend payments are not well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: EVN's dividends in 3 years are forecast to be covered by earnings (51.5% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
4.5yrs
Average management tenure
CEO
Evolution Mining has no CEO, or we have no data on them.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Executive Chairman | 9.25yrs | AU$3.72m | 0.98% A$ 77.7m | |
| Finance Director | 9.25yrs | AU$1.90m | 0.065% A$ 5.2m | |
| Chief Operating Officer | 2.92yrs | AU$1.54m | no data | |
| Vice President of People & Culture | 4.5yrs | AU$1.16m | 0.0098% A$ 772.9k | |
| Company Secretary & VP of Information Technology | 9.25yrs | AU$1.18m | 0.033% A$ 2.6m | |
| Vice President of Discovery & Business Development | 2yrs | AU$1.27m | no data | |
| General Manager of Investor Relations | no data | no data | no data | |
| General Manager of Kalgoorlie Operation | no data | no data | no data | |
| Vice President of Sustainability | no data | no data | no data | |
| General Manager of Cowal Operations | no data | no data | no data |
4.5yrs
Average Tenure
Experienced Management: EVN's management team is considered experienced (4.5 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Executive Chairman | 9.25yrs | AU$3.72m | 0.98% A$ 77.7m | |
| Finance Director | 9.25yrs | AU$1.90m | 0.065% A$ 5.2m | |
| Independent Non-Executive Director | 9.25yrs | AU$206.11k | 0.045% A$ 3.6m | |
| Lead Independent Director | 2.08yrs | AU$227.24k | 0.013% A$ 1.0m | |
| Independent Non-Executive Director | 0.75yr | AU$35.00k | no data | |
| Independent Non-Executive Director | 0.75yr | AU$35.00k | no data | |
| Independent Non-Executive Director | 3.25yrs | AU$214.03k | 0.0024% A$ 189.1k | |
| Independent Non-Executive Director | 1.08yrs | AU$121.69k | 0.00074% A$ 58.5k |
2.7yrs
Average Tenure
59yo
Average Age
Experienced Board: EVN's board of directors are not considered experienced ( 2.7 years average tenure), which suggests a new board.
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Top Shareholders
Company Information
Evolution Mining Limited's company bio, 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$7.911b
- Shares outstanding: 1.71b
- Website: https://evolutionmining.com.au
Number of Employees
Location
- Evolution Mining Limited
- 175 Liverpool Street
- Level 24
- Sydney
- New South Wales
- 2000
- Australia
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| EVN | ASX (Australian Securities Exchange) | Yes | Ordinary Shares | AU | AUD | Aug 2002 |
| CAHP.F | OTCPK (Pink Sheets LLC) | Yes | Ordinary Shares | US | USD | Aug 2002 |
| WE7 | DB (Deutsche Boerse AG) | Yes | Ordinary Shares | DE | EUR | Aug 2002 |
| EVN | CHIA (Chi-X Australia) | Yes | Ordinary Shares | AU | AUD | Aug 2002 |
Biography
Evolution Mining Limited engages in identifying, developing, and operating gold related projects in Australia and New Zealand. It also explores for copper and silver deposits. As of June 30, 2020, the comp...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/01/26 07:07 |
| End of Day Share Price | 2021/01/25 00:00 |
| Earnings | 2020/06/30 |
| Annual Earnings | 2020/06/30 |
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.