Evolve Education Group
Market Cap
NZ$187.4m
Last Updated
2021/01/19 06:00 UTC
Data Sources
Company Financials +
Executive Summary
Evolve Education Group Limited provides early childhood education (ECE) services in New Zealand and Australia. More Details
Rewards
Risk Analysis
Snowflake Analysis
Adequate balance sheet with reasonable growth potential.
Share Price & News
How has Evolve Education Group's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: EVO is more volatile than 90% of NZ stocks over the past 3 months, typically moving +/- 9% a week.
Volatility Over Time: EVO's weekly volatility (9%) has been stable over the past year, but is still higher than 75% of NZ stocks.
Market Performance
7 Day Return
0%
EVO
0.4%
NZ Consumer Services
-3.5%
NZ Market
1 Year Return
1.7%
EVO
-11.5%
NZ Consumer Services
6.9%
NZ Market
Return vs Industry: EVO exceeded the NZ Consumer Services industry which returned -11.5% over the past year.
Return vs Market: EVO underperformed the NZ Market which returned 6.9% over the past year.
Shareholder returns
| EVO | Industry | Market | |
|---|---|---|---|
| 7 Day | 0% | 0.4% | -3.5% |
| 30 Day | -0.7% | 1.5% | 2.4% |
| 90 Day | 74.0% | 8.5% | 5.7% |
| 1 Year | 1.7%1.7% | -8.8%-11.5% | 10.8%6.9% |
| 3 Year | -54.3%-79.4% | 14.6%-2.2% | 51.2%31.3% |
| 5 Year | -58.0%-83.3% | 57.7%18.7% | 105.7%56.0% |
Long-Term Price Volatility Vs. Market
How volatile is Evolve Education Group's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 week ago | Simply Wall St
Evolve Education Group (NZSE:EVO) Has A Pretty Healthy Balance Sheet1 month ago | Simply Wall St
How Much Are Evolve Education Group Limited (NZSE:EVO) Insiders Spending On Buying Shares?2 months ago | Simply Wall St
Do Institutions Own Evolve Education Group Limited (NZSE:EVO) Shares?Valuation
Is Evolve Education Group undervalued compared to its fair value and its price relative to the market?
1.38x
Price to Book (PB) ratio
Share Price vs. Fair Value
Below Fair Value: EVO (NZ$1.35) is trading above our estimate of fair value (NZ$0.82)
Significantly Below Fair Value: EVO is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: EVO is unprofitable, so we can't compare its PE Ratio to the XO Consumer Services industry average.
PE vs Market: EVO is unprofitable, so we can't compare its PE Ratio to the NZ market.
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate EVO's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: EVO is good value based on its PB Ratio (1.4x) compared to the XO Consumer Services industry average (1.6x).
Next Steps
Future Growth
How is Evolve Education Group forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?
65.8%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: EVO is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (2.3%).
Earnings vs Market: EVO is forecast to become profitable over the next 3 years, which is considered above average market growth.
High Growth Earnings: EVO's is expected to become profitable in the next 3 years.
Revenue vs Market: EVO's revenue (16.3% per year) is forecast to grow faster than the NZ market (4.9% per year).
High Growth Revenue: EVO's revenue (16.3% per year) is forecast to grow slower 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 (14.5%).
Next Steps
Past Performance
How has Evolve Education Group performed over the past 5 years?
-54.7%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: EVO is currently unprofitable.
Growing Profit Margin: EVO is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: EVO is unprofitable, and losses have increased over the past 5 years at a rate of 54.7% per year.
Accelerating Growth: Unable to compare EVO's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: EVO is unprofitable, making it difficult to compare its past year earnings growth to the Consumer Services industry (-18.5%).
Return on Equity
High ROE: EVO has a negative Return on Equity (-5.18%), as it is currently unprofitable.
Next Steps
Financial Health
How is Evolve Education Group's financial position?
Financial Position Analysis
Short Term Liabilities: EVO's short term assets (NZ$41.5M) do not cover its short term liabilities (NZ$45.7M).
Long Term Liabilities: EVO's short term assets (NZ$41.5M) do not cover its long term liabilities (NZ$198.0M).
Debt to Equity History and Analysis
Debt Level: EVO's debt to equity ratio (16.2%) is considered satisfactory.
Reducing Debt: EVO's debt to equity ratio has reduced from 16.3% to 16.2% over the past 5 years.
Balance Sheet
Cash Runway Analysis
For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: Whilst unprofitable EVO has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: EVO is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 19.8% per year.
Next Steps
Dividend
What is Evolve Education Group current dividend yield, its reliability and sustainability?
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?
1.4yrs
Average management tenure
CEO
Chris Scott (72 yo)
1.42yrs
Tenure
NZ$75,000
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
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| MD & Non-Independent Executive Director | 1.42yrs | NZ$75.00k | 18.76% NZ$ 35.1m | |
| Australia Country Manager & Non-Independent Executive Director | 2.17yrs | NZ$75.00k | no data | |
| Chief Financial Officer | 1.08yrs | no data | no data | |
| Chief Information Officer | no data | no data | no data | |
| GM of Marketing | 2.17yrs | no data | no data | |
| Head of People & Talent | 2.17yrs | no data | no data | |
| CEO of New Zealand Operations & Director | 0.58yr | no data | 0.63% NZ$ 1.2m | |
| Head of Project Team | no data | no data | no data | |
| Head of Property | no data | no data | no data | |
| Group Financial Controller | 1.67yrs | no data | no data |
1.4yrs
Average Tenure
Experienced Management: EVO's management team is not considered experienced ( 1.4 years average tenure), which suggests a new team.
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| MD & Non-Independent Executive Director | 1.42yrs | NZ$75.00k | 18.76% NZ$ 35.1m | |
| Australia Country Manager & Non-Independent Executive Director | 2.17yrs | NZ$75.00k | no data | |
| CEO of New Zealand Operations & Director | 0.58yr | no data | 0.63% NZ$ 1.2m | |
| Independent Chairman | 1.33yrs | NZ$78.00k | no data | |
| Independent Director | 1.33yrs | NZ$43.00k | 0.0027% NZ$ 5.0k | |
| Independent Director | 1.33yrs | NZ$38.00k | 1.54% NZ$ 2.9m |
1.3yrs
Average Tenure
Experienced Board: EVO's board of directors are not considered experienced ( 1.3 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
Evolve Education Group Limited's company bio, 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$187.366m
- Shares outstanding: 139.83m
- Website: https://www.evolveeducation.co.nz
Location
- Evolve Education Group Limited
- 54 Fort Street
- Level 2
- Auckland
- 1010
- New Zealand
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| EVO | NZSE (New Zealand Stock Exchange) | Yes | Ordinary Shares | NZ | NZD | Dec 2014 |
| EVO | ASX (Australian Securities Exchange) | Yes | Ordinary Shares | AU | AUD | Dec 2014 |
| EVO | CHIA (Chi-X Australia) | Yes | Ordinary Shares | AU | AUD | Dec 2014 |
| 9EV | DB (Deutsche Boerse AG) | Yes | Ordinary Shares | DE | EUR | Dec 2014 |
| 9EV | HMSE (Hamburg Stock Exchange) | Yes | Ordinary Shares | DE | EUR | Dec 2014 |
Biography
Evolve Education Group Limited provides early childhood education (ECE) services in New Zealand and Australia. The company operates facilities that offer all day or part-day early childhood services; and o...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/01/19 06:00 |
| End of Day Share Price | 2021/01/19 00:00 |
| Earnings | 2020/09/30 |
| Annual Earnings | 2020/03/31 |
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.