Financials Evolution Mining Limited

Equities

EVN

AU000000EVN4

Gold

Market Closed - Australian S.E. 02:10:05 2024-05-08 am EDT 5-day change 1st Jan Change
3.8 AUD +0.26% Intraday chart for Evolution Mining Limited -3.06% -4.04%

Valuation

Fiscal Period: June 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 7,399 9,664 7,689 4,363 5,909 7,526 - -
Enterprise Value (EV) 1 7,357 9,897 8,165 5,650 7,697 9,076 8,625 8,438
P/E ratio 34.1 x 32.2 x 22.3 x 13.4 x 36.2 x 16.3 x 9.68 x 10.4 x
Yield 2.18% 2.82% 2.67% 2.52% 0.62% 1.97% 3.55% 3.79%
Capitalization / Revenue 4.9 x 4.98 x 4.12 x 2.11 x 2.65 x 2.39 x 2.1 x 2.18 x
EV / Revenue 4.87 x 5.1 x 4.38 x 2.74 x 3.46 x 2.89 x 2.41 x 2.44 x
EV / EBITDA 10.1 x 9.61 x 8.93 x 6.29 x 9.11 x 6.32 x 4.74 x 4.99 x
EV / FCF 21.6 x 18.5 x 25.5 x -5.37 x -25.9 x -217 x 13.8 x 11.8 x
FCF Yield 4.64% 5.42% 3.92% -18.6% -3.85% -0.46% 7.27% 8.45%
Price to Book 3.01 x 3.86 x 2.98 x 1.26 x 1.53 x 1.82 x 1.63 x 1.53 x
Nbr of stocks (in thousands) 1,697,070 1,704,414 1,708,667 1,833,008 1,835,016 1,985,878 - -
Reference price 2 4.360 5.670 4.500 2.380 3.220 3.790 3.790 3.790
Announcement Date 8/14/19 8/12/20 8/18/21 8/17/22 8/16/23 - - -
1AUD in Million2AUD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: June 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 1,510 1,942 1,864 2,065 2,227 3,146 3,584 3,456
EBITDA 1 730.3 1,029 914.2 898.8 844.5 1,436 1,819 1,690
EBIT 1 330.3 612.5 546.4 431 324 789.4 1,185 1,032
Operating Margin 21.88% 31.54% 29.31% 20.87% 14.55% 25.1% 33.05% 29.85%
Earnings before Tax (EBT) 1 314.8 408.6 496.2 417.7 233.8 678.2 1,055 999.7
Net income 1 218.2 301.6 345.3 323.3 163.5 451.7 773.5 726.9
Net margin 14.45% 15.53% 18.52% 15.66% 7.34% 14.36% 21.58% 21.03%
EPS 2 0.1278 0.1762 0.2014 0.1770 0.0889 0.2318 0.3916 0.3638
Free Cash Flow 1 341.2 536.1 319.7 -1,051 -296.7 -41.92 626.8 713
FCF margin 22.6% 27.61% 17.15% -50.91% -13.32% -1.33% 17.49% 20.63%
FCF Conversion (EBITDA) 46.72% 52.08% 34.97% - - - 34.45% 42.2%
FCF Conversion (Net income) 156.36% 177.79% 92.58% - - - 81.04% 98.1%
Dividend per Share 2 0.0950 0.1600 0.1200 0.0600 0.0200 0.0748 0.1347 0.1437
Announcement Date 8/14/19 8/12/20 8/18/21 8/17/22 8/16/23 - - -
1AUD in Million2AUD
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: June 2020 S1 2020 S2 2021 S1 2021 S2 2022 S1 2022 S2 2023 S1 2023 S2 2024 S1 2024 S2 2025 S1 2025 S2 2026 S1 2026 S2
Net sales 1 898.2 1,044 982.2 881.8 898.6 1,166 - 1,094 1,340 1,767 1,883 1,868 1,948 -
EBITDA 1 441.2 588.3 514.6 399.6 393.3 505.5 - 398.3 572.6 813 827 854 - -
EBIT 1 - - 342.2 204.3 184.5 246.5 - 149.7 287.1 505.1 571 604.3 696.4 -
Operating Margin - - 34.84% 23.16% 20.53% 21.13% - 13.68% 21.43% 28.58% 30.32% 32.35% 35.74% -
Earnings before Tax (EBT) 1 - - 327.4 168.8 137.1 280.7 - 98.36 139.3 495 433 482 - -
Net income 1 147.2 - 228.7 116.6 90.76 232.5 100.9 62.59 96.87 346.5 303 337 - -
Net margin 16.39% - 23.28% 13.22% 10.1% 19.94% - 5.72% 7.23% 19.6% 16.09% 18.04% - -
EPS 2 0.0862 0.0900 0.1334 0.0680 0.0499 0.1271 0.0548 0.0341 0.0521 0.1785 0.1520 0.1700 - -
Dividend per Share 2 0.0700 - 0.0700 0.0500 0.0300 0.0300 - 0.0200 - 0.0300 0.0200 0.0300 0.0300 0.0300
Announcement Date 2/11/20 8/12/20 2/16/21 8/18/21 2/15/22 8/17/22 2/15/23 8/16/23 2/13/24 - - - - -
1AUD in Million2AUD
Estimates

Balance Sheet Analysis

Fiscal Period: June 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 - 233 476 1,287 1,788 1,549 1,099 911
Net Cash position 1 41.7 - - - - - - -
Leverage (Debt/EBITDA) - 0.226 x 0.521 x 1.432 x 2.117 x 1.079 x 0.6041 x 0.5393 x
Free Cash Flow 1 341 536 320 -1,051 -297 -41.9 627 713
ROE (net income / shareholders' equity) 9.29% 12.4% 13.8% 11.2% 5% 12.8% 16.4% 13.5%
ROA (Net income/ Total Assets) 7.1% 8.91% 9.16% 6.11% 2.4% 7.05% 9.06% 9.01%
Assets 1 3,075 3,384 3,770 5,293 6,825 6,402 8,541 8,067
Book Value Per Share 2 1.450 1.470 1.510 1.890 2.110 2.090 2.330 2.480
Cash Flow per Share 2 0.3600 0.5900 0.4400 0.4300 0.4000 0.5500 0.6100 0.5800
Capex 1 275 469 433 669 839 742 639 631
Capex / Sales 18.22% 24.16% 23.22% 32.4% 37.66% 23.59% 17.82% 18.27%
Announcement Date 8/14/19 8/12/20 8/18/21 8/17/22 8/16/23 - - -
1AUD in Million2AUD
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Trading Rating
Investor Rating
ESG Refinitiv
C+
More Ratings
Sell
Consensus
Buy
Mean consensus
HOLD
Number of Analysts
17
Last Close Price
3.79 AUD
Average target price
3.909 AUD
Spread / Average Target
+3.15%
Consensus
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  4. Financials Evolution Mining Limited
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