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

$3.99

06 Sep
2024

0.040

OPEN

$3.95

1.01%

HIGH

$3.99

6,631,854

LOW

$3.94

TARGET
$4.17 4.5% upside
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 33.1 xxx
DPS (cps) xxx 7.0 10.8 xxx
EPS Growth xxx 100.0% 50.3% xxx
DPS Growth xxx 75.0% 53.6% xxx
PE Ratio xxx N/A 12.1 xxx
Dividend Yield xxx N/A 2.7% xxx
Div Pay Ratio(%) xxx 31.8% 32.5% xxx

Dividend yield today if purchased 3 years ago: 1.82%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 1.75

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

0.7

No. Of Recommendations

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

Macquarie

xx/xx/xxxx

1

xxxxxxxxxx

$xx.xx

xx.xx%

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Citi

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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UBS

15/08/2024

3

Neutral

$3.70

-7.27%

Evolution Mining reported FY24 underlying earnings that beat UBS' expectations. FY25 guidance was the focus entering the result, with production and capex broadly as expected, while the cost range was slightly higher.

With plenty of growth and projects ahead, UBS suggests the focus for FY25 is firmly set on delivering guidance and building back its track record.

While there remain plenty of projects and sequencing ahead, guidance and delivery are the focus for now, UBS suggests. Neutral and $3.70 target retained.

FORECAST
UBS forecasts a full year FY25 EPS of 37.00 cents.
UBS forecasts a full year FY26 EPS of 41.00 cents.

Morgan Stanley

xx/xx/xxxx

1

xxxxxxxxxx

$xx.xx

xx.xx%

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Ord Minnett

xx/xx/xxxx

2

xxxxxxxxxx

$xx.xx

xx.xx%

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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

Canaccord Genuity

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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Jarden

20/08/2024

4

Underweight

$3.13

-21.55%

Evolution Mining's FY24 June result broadly met Jarden's forecast but FY25 guidance fell shy at the midpoint mainly due to capital expenditure.

The broker observes capital expenditure guidance suggests major work is being brought forward from the latter part of the decade.

The broker suspects the recent sell off in the company's share price may reflect cost concerns.

Underweight rating retained. Target price falls to $3.13 from $3.19 to reflect higher forecast capital expenditure and implied operating costs.

FORECAST
Jarden forecasts a full year FY25 dividend of 9.00 cents and EPS of 30.80 cents.
Jarden forecasts a full year FY26 dividend of 8.00 cents and EPS of 30.20 cents.

Goldman Sachs

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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Access Extra Coverage Research History >

EVN STOCK CHART

FNArena News on EVN

1
Caution & Gyrations Dominated August Results

Sep 02 2024 - Australia
2
Australian Broker Call *Extra* Edition – Aug 28, 2024

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Aug 21 2024 - Rudi's View
5
Australian Broker Call *Extra* Edition – Aug 20, 2024

Aug 20 2024 - Daily Market Reports

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