EVOLUTION MINING LIMITED (EVN)
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EVN - EVOLUTION MINING LIMITED

FNArena Sector : Gold & Silver
Year End: June
GICS Industry Group : Materials
Debt/EBITDA: 2.04
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

$2.88

28 Feb
2024

-0.020

OPEN

$2.92

-0.69%

HIGH

$2.93

8,059,909

LOW

$2.86

TARGET
$3.567 23.8% upside
Franking for last dividend paid out: 100%
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FNARENA'S MARKET CONSENSUS FORECASTS
EVN: 1
Title FY22
Actual
FY23
Actual
FY24
Forecast
FY25
Forecast
EPS (cps) xxx N/A 23.4 xxx
DPS (cps) xxx N/A 5.8 xxx
EPS Growth xxx N/A N/A xxx
DPS Growth xxx N/A N/A xxx
PE Ratio xxx N/A 12.6 xxx
Dividend Yield xxx N/A 2.0% xxx
Div Pay Ratio(%) xxx N/A 24.9% xxx

Dividend yield today if purchased 3 years ago: 0.95%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

1.36

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: 27/02 - ex-div 2c (franking 100%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2024 FactSet UK Limited. All rights reserved
Title 201820192020202120222023
EPS Basic xxxxxxxxxxxxxxx8.9
DPS All xxxxxxxxxxxxxxx4.0
Sales/Revenue xxxxxxxxxxxxxxx2,226.9 M
Book Value Per Share xxxxxxxxxxxxxxx179.6
Net Operating Cash Flow xxxxxxxxxxxxxxx735.3 M
Net Profit Margin xxxxxxxxxxxxxxx7.34 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 201820192020202120222023
Return on Capital Employed xxxxxxxxxxxxxxx4.99 %
Return on Invested Capital xxxxxxxxxxxxxxx3.38 %
Return on Assets xxxxxxxxxxxxxxx2.44 %
Return on Equity xxxxxxxxxxxxxxx4.99 %
Return on Total Capital xxxxxxxxxxxxxxx7.02 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx159.8 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 201820192020202120222023
Short-Term Debt xxxxxxxxxxxxxxx364 M
Long Term Debt xxxxxxxxxxxxxxx1,457 M
Total Debt xxxxxxxxxxxxxxx1,821 M
Goodwill - Gross xxxxxxxxxxxxxxx-
Cash & Equivalents - Generic xxxxxxxxxxxxxxx46 M
Price To Book Value xxxxxxxxxxxxxxx1.79

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 201820192020202120222023
Capex xxxxxxxxxxxxxxx838.7 M
Capex % of Sales xxxxxxxxxxxxxxx37.66 %
Cost of Goods Sold xxxxxxxxxxxxxxx1,811 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx57 M
Research & Development xxxxxxxxxxxxxxx-
Investments - Total xxxxxxxxxxxxxxx149 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

0.6

No. Of Recommendations

6
BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Macquarie

xx/xx/xxxx

1

xxxxxxxxxx

$xx.xx

xx.xx%

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UBS

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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Morgan Stanley

xx/xx/xxxx

3

xxxxx-xxxxxx

$xx.xx

xx.xx%

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Ord Minnett

15/02/2024

2

Accumulate

$3.40

18.06%

Evolution Mining's 1H result was broadly in line with Ord Minnett's expectations. Underlying earnings (EBITDA) met the consensus forecast and exceeded the broker's estimate by 4%, while profit was a slight miss.

Given upcoming capital requirements and a stretched balance sheet, Ord Minnett had forecast no interim dividend, but was surprised by the 2cps payout. However, near-term cash flows are expected to significantly improve.

Largely because of the Northparkes acquisition, resources and reserves increased by 8% and 15%, respectively, for contained gold, while contained copper resources and reserves jumped by 134% and 100%, respectively.

The $3.40 target and Accumulate rating are unchanged.

FORECAST
Ord Minnett forecasts a full year FY24 dividend of 7.20 cents and EPS of 24.10 cents.
Ord Minnett forecasts a full year FY25 dividend of 13.00 cents and EPS of 34.10 cents.

Citi

xx/xx/xxxx

1

xxxxxxx xx xxx xxxx xxxxxxx

$xx.xx

xx.xx%

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Morgans

xx/xx/xxxx

3

xxxx

$xx.xx

xx.xx%

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EVN STOCK CHART