| Snowflake Score | |
|---|---|
| Valuation | 4/6 |
| Future Growth | 4/6 |
| Past Performance | 2/6 |
| Financial Health | 3/6 |
| Dividends | 0/6 |
EVO Overview
Evolve Education Group Limited provides early childhood education (ECE) services in New Zealand and Australia.
Rewards
Risk Analysis
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | NZ$0.74 |
| 52 Week High | NZ$0.60 |
| 52 Week Low | NZ$1.50 |
| Beta | 2.71 |
| 1 Month Change | 17.46% |
| 3 Month Change | -16.85% |
| 1 Year Change | -6.57% |
| 3 Year Change | -81.86% |
| 5 Year Change | -90.37% |
| Change since IPO | -91.44% |
Recent News & Updates
Introducing Evolve Education Group (NZSE:EVO), The Stock That Zoomed 181% In The Last Year
Unfortunately, investing is risky - companies can and do go bankrupt. But if you pick the right business to buy shares...
What Kind Of Investors Own Most Of Evolve Education Group Limited (NZSE:EVO)?
If you want to know who really controls Evolve Education Group Limited ( NZSE:EVO ), then you'll have to look at the...
Evolve Education Group (NZSE:EVO) Has A Pretty Healthy Balance Sheet
Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...
Shareholder Returns
| EVO | NZ Consumer Services | NZ Market | |
|---|---|---|---|
| 7D | -6.3% | -0.5% | 0.9% |
| 1Y | -6.6% | 51.3% | 11.0% |
Return vs Industry: EVO underperformed the NZ Consumer Services industry which returned 51.3% over the past year.
Return vs Market: EVO underperformed the NZ Market which returned 11% over the past year.
Price Volatility
| EVO volatility | |
|---|---|
| EVO Beta | 2.71 |
| Industry Beta | 0.99 |
| Market Beta | 1 |
Stable Share Price: EVO is more volatile than 75% of NZ stocks over the past 3 months, typically moving +/- 6% a week.
Volatility Over Time: EVO's weekly volatility (6%) has been stable over the past year, but is still higher than 75% of NZ stocks.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 2014 | 1,942 | Chris Scott | https://www.evolveeducation.co.nz |
Evolve Education Group Limited provides early childhood education (ECE) services in New Zealand and Australia. The company operates and manages ECE centers. It operates approximately 126 center-based ECE facilities under the Lollipops, Cubby Care, Active Explorers, Learning Adventures, Little Earth Montessori, Little Lights, Little Wonders, and Pascals brand names.
Valuation
Is Evolve Education Group undervalued compared to its fair value and its price relative to the market?
11.7x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: EVO (NZ$0.74) is trading above our estimate of fair value (NZ$0.15)
Significantly Below Fair Value: EVO is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: EVO is good value based on its PE Ratio (11.7x) compared to the Oceanic Consumer Services industry average (26.7x).
PE vs Market: EVO is good value based on its PE Ratio (11.7x) compared to the NZ market (23x).
Price to Earnings Growth Ratio
PEG Ratio: EVO is good value based on its PEG Ratio (0.7x)
Price to Book Ratio
PB vs Industry: EVO is good value based on its PB Ratio (1.1x) compared to the XO Consumer Services industry average (2.2x).
Future Growth
How is Evolve Education Group forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?
17.4%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: EVO's forecast earnings growth (17.4% per year) is above the savings rate (2.1%).
Earnings vs Market: EVO's earnings (17.4% per year) are forecast to grow faster than the NZ market (8.8% per year).
High Growth Earnings: EVO's earnings are forecast to grow, but not significantly.
Revenue vs Market: EVO's revenue (22.5% per year) is forecast to grow faster than the NZ market (4.9% per year).
High Growth Revenue: EVO's revenue (22.5% per year) is forecast to grow faster than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: EVO's Return on Equity is forecast to be low in 3 years time (10%).
Past Performance
How has Evolve Education Group performed over the past 5 years?
-46.1%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: EVO has a large one-off gain of NZ$18.5M impacting its December 31 2020 financial results.
Growing Profit Margin: EVO became profitable in the past.
Past Earnings Growth Analysis
Earnings Trend: EVO has become profitable over the past 5 years, growing earnings by -46.1% per year.
Accelerating Growth: EVO has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.
Earnings vs Industry: EVO has become profitable in the last year, making it difficult to compare its past year earnings growth to the Consumer Services industry (43.2%).
Return on Equity
High ROE: EVO's Return on Equity (9.2%) is considered low.
Financial Health
How is Evolve Education Group's financial position?
Financial Position Analysis
Short Term Liabilities: EVO's short term assets (NZ$61.6M) exceed its short term liabilities (NZ$28.6M).
Long Term Liabilities: EVO's short term assets (NZ$61.6M) do not cover its long term liabilities (NZ$236.3M).
Debt to Equity History and Analysis
Debt Level: EVO's debt to equity ratio (33%) is considered satisfactory.
Reducing Debt: EVO's debt to equity ratio has increased from 22.6% to 33% over the past 5 years.
Debt Coverage: EVO's debt is well covered by operating cash flow (95.1%).
Interest Coverage: EVO's interest payments on its debt are not well covered by EBIT (0.7x coverage).
Balance Sheet
Dividend
What is Evolve Education Group current dividend yield, its reliability and sustainability?
4.05%
Forecast Dividend Yield
Dividend Yield vs Market
Notable Dividend: Unable to evaluate EVO's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate EVO's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if EVO's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if EVO's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: EVO is not paying a notable dividend for the NZ market.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of EVO's dividend in 3 years as they are not forecast to pay a notable one for the NZ market.
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
2.3yrs
Average management tenure
CEO
Chris Scott (73 yo)
2.08yrs
Tenure
NZ$50,000
Compensation
Mr. Christopher John Scott, also known as Chris, B.Econ (Hons), has been Managing Director of Evolve Education Group Limited since August 16, 2019. Mr. Scott served as an Executive Director of G8 Education...
Leadership Team
Experienced Management: EVO's management team is considered experienced (2.3 years average tenure).
Board Members
Experienced Board: EVO's board of directors are not considered experienced ( 2 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 been diluted in the past year, with total shares outstanding growing by 14.1%.
Top Shareholders
Company Information
Evolve Education Group Limited's employee growth, exchange listings and data sources
Key Information
- Name: Evolve Education Group Limited
- Ticker: EVO
- Exchange: NZSE
- Founded: 2014
- Industry: Education Services
- Sector: Consumer Services
- Market Cap: NZ$118.067m
- Shares outstanding: 159.55m
- Website: https://www.evolveeducation.co.nz
Number of Employees
Location
- Evolve Education Group Limited
- 16 Kingston Street
- Level 15
- Auckland
- 1010
- New Zealand
Listings
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/09/18 07:00 |
| End of Day Share Price | 2021/09/17 00:00 |
| Earnings | 2020/12/31 |
| Annual Earnings | 2020/12/31 |
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.