Evolution Mining Limited

DB:WE7 Stock Report

Market Cap: €6.3b

Evolution Mining Valuation

Is WE7 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

1/6

Valuation Score 1/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of WE7 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: WE7 (€3.05) is trading above our estimate of fair value (€2.53)

Significantly Below Fair Value: WE7 is trading above our estimate of fair value.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for WE7?

Key metric: As WE7 is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for WE7. This is calculated by dividing WE7's market cap by their current earnings.
What is WE7's PE Ratio?
PE Ratio23.9x
EarningsAU$422.27m
Market CapAU$10.09b

Price to Earnings Ratio vs Peers

How does WE7's PE Ratio compare to its peers?

The above table shows the PE ratio for WE7 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average25.5x
NDA Aurubis
9x-6.2%€3.4b
FPE3 Fuchs
19.3x8.9%€5.1b
EVK Evonik Industries
35.8x33.1%€8.2b
SY1 Symrise
37.8x13.2%€14.8b
WE7 Evolution Mining
23.9x9.6%€10.1b

Price-To-Earnings vs Peers: WE7 is good value based on its Price-To-Earnings Ratio (23.9x) compared to the peer average (25.5x).

Price to Earnings Ratio vs Industry

How does WE7's PE Ratio compare vs other companies in the European Metals and Mining Industry?

15 CompaniesPrice / EarningsEstimated GrowthMarket Cap
WE7 23.9xIndustry Avg. 12.1xNo. of Companies15PE0816243240+
15 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: WE7 is expensive based on its Price-To-Earnings Ratio (23.9x) compared to the European Metals and Mining industry average (12.1x).

Price to Earnings Ratio vs Fair Ratio

What is WE7's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

WE7 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio23.9x
Fair PE Ratio17.7x

Price-To-Earnings vs Fair Ratio: WE7 is expensive based on its Price-To-Earnings Ratio (23.9x) compared to the estimated Fair Price-To-Earnings Ratio (17.7x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst WE7 forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€3.05
€2.83
-7.3%
13.9%€3.24€1.85n/a16
Nov ’25€3.06
€2.84
-7.3%
13.9%€3.22€1.86n/a16
Oct ’25€2.86
€2.52
-11.9%
12.9%€3.08€1.85n/a16
Sep ’25€2.54
€2.36
-7.2%
13.2%€2.83€1.81n/a17
Aug ’25€2.38
€2.36
-0.9%
12.6%€2.83€1.81n/a17
Jul ’25€2.09
€2.37
+13.6%
12.1%€2.74€1.77n/a17
Jun ’25€2.36
€2.43
+2.9%
12.6%€2.82€1.84n/a17
May ’25€2.46
€2.42
-1.8%
15.6%€2.97€1.82n/a17
Apr ’25€2.12
€2.16
+1.8%
12.4%€2.59€1.75n/a17
Mar ’25€1.80
€2.11
+17.1%
11.7%€2.52€1.74n/a17
Feb ’25€1.94
€2.16
+11.3%
11.4%€2.55€1.76n/a16
Jan ’25€2.40
€2.29
-4.5%
13.5%€2.77€1.78n/a14
Dec ’24€2.49
€2.20
-11.8%
10.9%€2.64€1.80n/a16
Nov ’24€2.15
€2.14
-0.4%
11.2%€2.62€1.79€3.0616
Oct ’24€1.98
€2.16
+9.1%
12.0%€2.66€1.81€2.8616
Sep ’24€2.16
€2.06
-4.6%
13.3%€2.59€1.47€2.5416
Aug ’24€2.22
€2.10
-5.4%
13.8%€2.66€1.51€2.3816
Jul ’24€1.95
€2.04
+4.6%
16.0%€2.57€1.35€2.0915
Jun ’24€2.08
€1.97
-5.2%
15.8%€2.43€1.40€2.3615
May ’24€2.13
€1.98
-7.1%
15.8%€2.42€1.39€2.4617
Apr ’24€1.90
€1.91
+0.7%
17.6%€2.46€1.42€2.1216
Mar ’24€1.78
€1.97
+10.9%
17.1%€2.57€1.48€1.8015
Feb ’24€2.04
€2.12
+3.9%
18.1%€2.99€1.56€1.9416
Jan ’24€1.83
€1.85
+1.3%
24.7%€2.96€1.26€2.4016
Dec ’23€1.84
€1.83
-0.6%
24.7%€2.98€1.26€2.4916
Nov ’23€1.32
€1.74
+31.5%
27.5%€2.95€1.25€2.1516

Analyst Forecast: Target price is lower than the current share price.

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