EVO Stock Overview
Evolve Education Group Limited provides early childhood education (ECE) services in New Zealand and Australia.
Evolve Education Group Competitors
Price History & Performance
|Historical stock prices|
|Current Share Price||NZ$0.62|
|52 Week High||NZ$0.96|
|52 Week Low||NZ$0.60|
|1 Month Change||-6.06%|
|3 Month Change||-17.33%|
|1 Year Change||-16.22%|
|3 Year Change||-29.55%|
|5 Year Change||-89.94%|
|Change since IPO||-92.82%|
Recent News & Updates
|EVO||NZ Consumer Services||NZ Market|
Return vs Industry: EVO exceeded the NZ Consumer Services industry which returned -20.3% over the past year.
Return vs Market: EVO exceeded the NZ Market which returned -19.7% over the past year.
|EVO Average Weekly Movement||8.7%|
|Consumer Services Industry Average Movement||7.3%|
|Market Average Movement||3.9%|
|10% most volatile stocks in NZ Market||7.8%|
|10% least volatile stocks in NZ Market||2.9%|
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.
About the Company
Evolve Education Group Limited provides early childhood education (ECE) services in New Zealand and Australia. The company operates and manages ECE centers. It operates 109 ECE centers in New Zealand and 23 ECE centers in Australia under the Lollipops, Active Explorers, Learning Adventures, Little Earth Montessori, Little Lights, Little Wonders, and Pascals brand names.
Evolve Education Group Fundamentals Summary
|EVO fundamental statistics|
Is EVO overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|EVO income statement (TTM)|
|Cost of Revenue||NZ$19.31m|
Last Reported Earnings
Jun 30, 2022
Next Earnings Date
|Earnings per share (EPS)||-0.0061|
|Net Profit Margin||-0.60%|
How did EVO perform over the long term?See historical performance and comparison
Is EVO undervalued compared to its fair value, analyst forecasts and its price relative to the market?
Valuation Score 2/6
Price-To-Sales vs Peers
Price-To-Sales vs Industry
Price-To-Sales vs Fair Ratio
Below Fair Value
Significantly Below Fair Value
Key Valuation Metric
Which metric is best to use when looking at relative valuation for EVO?
Other financial metrics that can be useful for relative valuation.
|What is EVO's n/a Ratio?|
Price to Sales Ratio vs Peers
How does EVO's PS Ratio compare to its peers?
|EVO PS Ratio vs Peers|
|Company||PS||Estimated Growth||Market Cap|
GNS Genius Group
MCK Millennium & Copthorne Hotels New Zealand
STG Sunlands Technology Group
EVO Evolve Education Group
Price-To-Sales vs Peers: EVO is good value based on its Price-To-Sales Ratio (0.6x) compared to the peer average (1.9x).
Price to Earnings Ratio vs Industry
How does EVO's PE Ratio compare vs other companies in the Oceanian Consumer Services Industry?
Price-To-Sales vs Industry: EVO is good value based on its Price-To-Sales Ratio (0.6x) compared to the Global Consumer Services industry average (1.3x)
Price to Sales Ratio vs Fair Ratio
What is EVO's PS Ratio compared to its Fair PS Ratio? This is the expected PS Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.
|Current PS Ratio||0.6x|
|Fair PS Ratio||0.4x|
Price-To-Sales vs Fair Ratio: EVO is expensive based on its Price-To-Sales Ratio (0.6x) compared to the estimated Fair Price-To-Sales Ratio (0.4x).
Share Price vs Fair Value
What is the Fair Price of EVO when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.
Below Fair Value: EVO (NZ$0.62) is trading above our estimate of fair value (NZ$0.42)
Significantly Below Fair Value: EVO is trading above our estimate of fair value.
Analyst Price Targets
What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?
Analyst Forecast: Insufficient data to show price forecast.
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How is Evolve Education Group forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?
Future Growth Score3/6
Future Growth Score 3/6
Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
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 (2.1%).
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 is expected to become profitable in the next 3 years.
Revenue vs Market: EVO's revenue is expected to decline over the next 3 years (-24.7% per year).
High Growth Revenue: EVO's revenue is forecast to decline over the next 3 years (-24.7% 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 (8.5%).
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How has Evolve Education Group performed over the past 5 years?
Past Performance Score0/6
Past Performance Score 0/6
Growing Profit Margin
Earnings vs Industry
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, but has reduced losses over the past 5 years at a rate of 1.2% 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 (-59%).
Return on Equity
High ROE: EVO has a negative Return on Equity (-0.74%), as it is currently unprofitable.
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How is Evolve Education Group's financial position?
Financial Health Score5/6
Financial Health Score 5/6
Short Term Liabilities
Long Term Liabilities
Stable Cash Runway
Forecast Cash Runway
Financial Position Analysis
Short Term Liabilities: EVO's short term assets (NZ$26.6M) exceed its short term liabilities (NZ$23.2M).
Long Term Liabilities: EVO's short term assets (NZ$26.6M) do not cover its long term liabilities (NZ$242.6M).
Debt to Equity History and Analysis
Debt Level: EVO's net debt to equity ratio (6.6%) is considered satisfactory.
Reducing Debt: EVO's debt to equity ratio has reduced from 31.1% to 17% over the past 5 years.
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 18% per year.
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What is Evolve Education Group current dividend yield, its reliability and sustainability?
Dividend Score 0/6
Cash Flow Coverage
Forecast Dividend Yield
Dividend Yield vs Market
|Evolve Education Group Dividend Yield vs Market|
|Company (Evolve Education Group)||0%|
|Market Bottom 25% (NZ)||2.9%|
|Market Top 25% (NZ)||6.3%|
|Industry Average (Consumer Services)||1.5%|
|Analyst forecast in 3 Years (Evolve Education Group)||4.8%|
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.
Earnings Payout to Shareholders
Earnings Coverage: EVO is not paying a notable dividend for the NZ market.
Cash Payout to Shareholders
Cash Flow Coverage: Unable to calculate sustainability of dividends as EVO has not reported any payouts.
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How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Chris Scott (74 yo)
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...
Experienced Management: EVO's management team is considered experienced (3.4 years average tenure).
Experienced Board: EVO's board of directors are considered experienced (3.3 years average tenure).
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
|06 May 22||SellNZ$664,426||MAM Pty Limited||Company||754,300||NZ$0.93|
|06 May 22||SellNZ$1,790,827||Wilson Asset Management (International) Pty Limited||Company||1,935,378||NZ$0.93|
|Owner Type||Number of Shares||Ownership Percentage|
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
|Ownership||Name||Shares||Current Value||Change %||Portfolio %|
Evolve Education Group Limited's employee growth, exchange listings and data sources
- Name: Evolve Education Group Limited
- Ticker: EVO
- Exchange: NZSE
- Founded: 2014
- Industry: Education Services
- Sector: Consumer Services
- Implied Market Cap: NZ$98.921m
- Shares outstanding: 159.55m
- Website: https://www.evolveeducation.co.nz
Number of Employees
- Evolve Education Group Limited
- 16 Kingston Street
- Level 15
- New Zealand
|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|
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2022/10/02 00:00|
|End of Day Share Price||2022/09/30 00:00|
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.