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Evolution Mining Ltd
ASX:EVN

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Evolution Mining Ltd Logo
Evolution Mining Ltd
ASX:EVN
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Price: 3.52 AUD 0.57% Market Closed
Updated: Mar 28, 2024

Intrinsic Value

Evolution Mining Ltd. engages in the exploration of gold mines. [ Read More ]

The intrinsic value of one EVN stock under the Base Case scenario is 4.87 AUD. Compared to the current market price of 3.52 AUD, Evolution Mining Ltd is Undervalued by 28%.

Key Points:
EVN Intrinsic Value
Base Case
4.87 AUD
Undervaluation 28%
Intrinsic Value
Price
Base Case Scenario

Valuation Backtest
Evolution Mining Ltd

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Fundamental Analysis

Evolution Mining's Mixed December Quarter
2024-Q2 Earnings Call

Evolution Mining's Mixed December Quarter

Evolution Mining's December quarter showed a production dip to 161,000 ounces at AUD1,618 per ounce, less than expected mainly due to challenges at Red Lake and weather disruptions. Despite these issues, annual guidance remains intact at 789,000 ounces with costs at AUD1,340 per ounce, reflecting a plus or minus 5% deviation. The quarter also saw an increase in recordable injuries, a matter of concern. On the brighter side, the company experienced robust cash flow growth, notably an 85% surge in net mine cash flow to AUD132 million and ended the quarter with AUD191 million in cash. The completion of the Northparkes transaction marks a highlight, promising liquidity of AUD716 million. Continuous improvements across operations, particularly Ernest Henry, Cowal, and Mungari, contrast with Red Lake's ongoing reliability struggles, forcing a revision of its fiscal year output to 125,000-135,000 ounces.

Financials

Balance Sheet Decomposition
Evolution Mining Ltd

Current Assets 744.6m
Cash & Short-Term Investments 191m
Receivables 226.8m
Other Current Assets 326.8m
Non-Current Assets 7.5B
Long-Term Investments 36m
PP&E 7.1B
Other Non-Current Assets 391.3m
Current Liabilities 782.8m
Accounts Payable 588.5m
Other Current Liabilities 194.3m
Non-Current Liabilities 3.6B
Long-Term Debt 1.9B
Other Non-Current Liabilities 1.7B
Efficiency

Earnings Waterfall
Evolution Mining Ltd

Revenue
2.4B AUD
Cost of Revenue
-1.9B AUD
Gross Profit
501.4m AUD
Operating Expenses
-74m AUD
Operating Income
427.4m AUD
Other Expenses
-268m AUD
Net Income
159.5m AUD

Free Cash Flow Analysis
Evolution Mining Ltd

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3-Years Average
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Fundamental Scores

EVN Profitability Score
Profitability Due Diligence

Evolution Mining Ltd's profitability score is 51/100. The higher the profitability score, the more profitable the company is.

Positive Gross Profit
Positive Operating Income
Positive Free Cash Flow
Positive Revenue Growth Forecast
51/100
Profitability
Score

Evolution Mining Ltd's profitability score is 51/100. The higher the profitability score, the more profitable the company is.

EVN Solvency Score
Solvency Due Diligence

Evolution Mining Ltd's solvency score is 34/100. The higher the solvency score, the more solvent the company is.

Low D/E
Long-Term Solvency
Short-Term Solvency
Low Altman Z-Score
34/100
Solvency
Score

Evolution Mining Ltd's solvency score is 34/100. The higher the solvency score, the more solvent the company is.

Wall St
Price Targets

EVN Price Targets Summary
Evolution Mining Ltd

Wall Street analysts forecast EVN stock price to rise over the next 12 months.

According to Wall Street analysts, the average 1-year price target for EVN is 3.71 AUD with a low forecast of 2.93 AUD and a high forecast of 4.83 AUD.

Lowest
Price Target
2.93 AUD
17% Downside
Average
Price Target
3.71 AUD
5% Upside
Highest
Price Target
4.83 AUD
37% Upside
View Analyst Estimates
View Analyst Estimates

Competitive Landscape

Shareholder Return

EVN Price
Evolution Mining Ltd

1M 1M
+22%
6M 6M
+8%
1Y 1Y
+20%
3Y 3Y
-13%
5Y 5Y
+3%
10Y 10Y
+464%
Annual Price Range
3.52
52w Low
2.88
52w High
4.14
Price Metrics
Average Annual Return 0.23%
Standard Deviation of Annual Returns 31.67%
Max Drawdown -71%
Shares Statistics
Market Capitalization 7B AUD
Shares Outstanding 1 985 880 000
Percentage of Shares Shorted
N/A

EVN Return Decomposition
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EVN News

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Company Profile

Evolution Mining Ltd Logo
Evolution Mining Ltd

Country

Australia

Industry

Metals & Mining

Market Cap

7B AUD

Dividend Yield

1.13%

Description

Evolution Mining Ltd. engages in the exploration of gold mines. The company is headquartered in Sydney, New South Wales and currently employs 1,977 full-time employees. The company went IPO on 2002-08-20. The firm operates gold-related mining projects in Australia and in Ontario, Canada. The company owns and operates mines: Cowal in New South Wales; Mt Rawdon, and Ernest Henry, in Queensland; and Mungari in Western Australia. The Cowal gold operation is an open-pit gold operation located approximately 350 kilometers (km) west of Sydney. The Mt. Rawdon open pit gold operation is located approximately 75km south-west of Bundaberg, Queensland. The Mungari gold operation is located approximately 600km east of Perth and 20km west of Kalgoorlie in Western Australia. The Ernest Henry copper-gold operation is operated by Glencore. The company also operates Red Lake mining asset, which is an underground gold mine in western Ontario, Canada.

Contact

NEW SOUTH WALES
Sydney
L 24 175 Liverpool Street
+61296962900.0
https://evolutionmining.com.au/

IPO

2002-08-20

Employees

1 977

Officers

Executive Chairman
Mr. Jacob Klein A.C.A., B.Com., BCom (Hons)
CEO, MD & Director
Mr. Lawrence John Conway BBus, C.P.A., MAICD
Chief Financial Officer
Mr. Barend Johannes Van Der Merwe CA (SA)
Chief Operating Officer
Mr. Robert Stanley Fulker BEng (Mining)
Company Secretary and VP of Information Technology, Communications & Corporate Affairs
Mr. Evan Elstein A.C.A., B.Com., FCIS, GradDipACG
Vice President of People & Culture
Mr. Paul Eagle CAHRI, MNLP
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Vice President of Sustainability
Ms. Fiona Murfitt
General Manager of Investor Relations
Peter O'Connor
Show Less

See Also

Discover More
What is the Intrinsic Value of one EVN stock?

The intrinsic value of one EVN stock under the Base Case scenario is 4.87 AUD.

Is EVN stock undervalued or overvalued?

Compared to the current market price of 3.52 AUD, Evolution Mining Ltd is Undervalued by 28%.