EVOLUTION MINING LIMITED (EVN)
Share Price Analysis and Chart

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EVN - EVOLUTION MINING LIMITED

FNArena Sector : Gold & Silver
Year End: June
GICS Industry Group : Materials
Debt/EBITDA: 1.33
Index: ASX100 | ASX200 | ASX300 | ALL-ORDS

Evolution Mining is an Australian gold and gold/copper concentrate producer. It owns and operates five mines in NSW, QLD and WA. Evolution was created in 2011 through the merger of Catalpa Resources and Conquest Mining.

LAST PRICE CHANGE +/- CHANGE % VOLUME

$4.95

20 Nov
2024

0.050

OPEN

$4.93

1.02%

HIGH

$4.99

3,427,597

LOW

$4.91

TARGET
$4.45 -10.1% downside
Franking for last dividend paid out: 100%
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FNARENA'S MARKET CONSENSUS FORECASTS
EVN: 1
Title FY23
Actual		 FY24
Actual		 FY25
Forecast		 FY26
Forecast
EPS (cps) xxx 22.0 31.4 xxx
DPS (cps) xxx 7.0 10.9 xxx
EPS Growth xxx 100.0% 42.6% xxx
DPS Growth xxx 75.0% 55.4% xxx
PE Ratio xxx N/A 16.0 xxx
Dividend Yield xxx N/A 2.2% xxx
Div Pay Ratio(%) xxx 31.8% 34.6% xxx

Dividend yield today if purchased 3 years ago: 1.58%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 1.39

Estimated Dividend Growth
(Average Of Past Three Years)

  %

Amount Invested

 $ 

Tell Me The Dividend After This Many Years
Past performance is no guarantee for the future. Investors should take into account that heavy swings in share price or exceptional circumstances (a la 2009) can have a significant impact on short term calculations and averages

Last ex-div: 29/08 - ex-div 2c (franking 100%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2024 FactSet UK Limited. All rights reserved
Title 201920202021202220232024
EPS Basic xxxxxxxxxxxxxxx22.0
DPS All xxxxxxxxxxxxxxx7.0
Sales/Revenue xxxxxxxxxxxxxxx3,215.8 M
Book Value Per Share xxxxxxxxxxxxxxx208.6
Net Operating Cash Flow xxxxxxxxxxxxxxx1,281.4 M
Net Profit Margin xxxxxxxxxxxxxxx13.13 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 201920202021202220232024
Return on Capital Employed xxxxxxxxxxxxxxx11.36 %
Return on Invested Capital xxxxxxxxxxxxxxx7.83 %
Return on Assets xxxxxxxxxxxxxxx5.42 %
Return on Equity xxxxxxxxxxxxxxx11.36 %
Return on Total Capital xxxxxxxxxxxxxxx14.86 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx723.7 M

Return on Capital Employed

Return on Invested Capital

Return on Assets

Return on Equity

Return on Total Capital

Free Cash Flow ex dividends

Title 201920202021202220232024
Short-Term Debt xxxxxxxxxxxxxxx127 M
Long Term Debt xxxxxxxxxxxxxxx1,893 M
Total Debt xxxxxxxxxxxxxxx2,019 M
Goodwill - Gross xxxxxxxxxxxxxxx-
Cash & Equivalents - Generic xxxxxxxxxxxxxxx403 M
Price To Book Value xxxxxxxxxxxxxxx1.68

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 201920202021202220232024
Capex xxxxxxxxxxxxxxx918.3 M
Capex % of Sales xxxxxxxxxxxxxxx28.55 %
Cost of Goods Sold xxxxxxxxxxxxxxx2,313 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx65 M
Research & Development xxxxxxxxxxxxxxx-
Investments - Total xxxxxxxxxxxxxxx128 M

Capex

Capex % of Sales

Cost of Goods Sold

Selling, General & Admin. Exp & Other

Research & Development

Investments - Total

EXPERT VIEWS
Display All Commentary

Sentiment Indicator

0.2

No. Of Recommendations

5
BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Macquarie

xx/xx/xxxx

3

xxxxxxxxx xx xxxxxxx xxxx xxxxxxxxxx

$xx.xx

xx.xx%

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Citi

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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Morgan Stanley

17/10/2024

3

Equal-weight

$4.25

-14.14%

Morgan Stanley notes Evolution Mining reported 1Q25 gold production above forecasts and consensus estimates by 4% and 3%, respectively, due to a robust performance from Red Lake and Mt Rawdon.

Higher mill grades assisted Red Lake production while higher tonnes milled benefitted Mt Rawdon. Stockpiles should be depleted at Mt Rawdon by the end of FY25, the broker highlights.

All-in-sustaining-costs were in line with expectations.

The stock remains Equal-weight with a $4.25 target price. Industry View: Attractive.

FORECAST
Morgan Stanley forecasts a full year FY25 dividend of 10.50 cents and EPS of 34.00 cents.
Morgan Stanley forecasts a full year FY26 dividend of 11.00 cents and EPS of 29.00 cents.

Ord Minnett

xx/xx/xxxx

3

xxxx

$xx.xx

xx.xx%

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UBS

xx/xx/xxxx

3

xxxxxxx

$xx.xx

xx.xx%

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Access Stockbroker Research History >
EXTRA COVERAGE
Display All Commentary

No. Of Recommendations

3

Please note: unlike Broker Call Report, BC Extra is not updated daily. The info you see might not be the latest. FNArena does its best to update ASAP.

BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Jarden

xx/xx/xxxx

4

xxxxxxxxxxx

$xx.xx

xx.xx%

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Goldman Sachs

22/10/2024

3

Neutral

$4.50

-9.09%

Evolution Mining's 1Q gold production and sales were broadly in line with forecasts by Goldman Sachs and consensus.

Management's FY25 production guidance remains on track for 710-780koz at a cost (AISC) of between $1,475-1,575/oz.

The target falls by -1% to $4.50. Neutral

FORECAST
Goldman Sachs forecasts a full year FY25 dividend of 9.50 cents and EPS of 32.80 cents.
Goldman Sachs forecasts a full year FY26 dividend of 8.50 cents and EPS of 25.70 cents.

Canaccord Genuity

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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Access Extra Coverage Research History >

EVN STOCK CHART

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