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: 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

$3.60

06 Dec
2023

-0.440

OPEN

$3.66

-10.89%

HIGH

$3.66

40,263,285

LOW

$3.48

TARGET
$3.75 4.2% upside
Franking for last dividend paid out: 100%
OTHER COMPANIES IN THE SAME SECTOR
A1M . ADT . ALK . AMI . AUT . BC8 . BEZ . BGL . CAI . CEL . CMM . CNB . CVV . CYL . DEG . EMR . EVR . FND . GMD . GOR . GPR . HGO . IGO . KCN . KGL . MAU . MEI . MZZ . NEM . NST . NVA . OBM . ORR . PDI . PNR . PRU . RED . RMS . RRL . RSG . SBM . SLR . SPR . SSR . STM . STN . SVL . TBR . TIE . TTM . WAF . WGX .
FNARENA'S MARKET CONSENSUS FORECASTS
EVN: 1
Title FY22
Actual		 FY23
Actual		 FY24
Forecast		 FY25
Forecast
EPS (cps) xxx 8.9 28.0 xxx
DPS (cps) xxx 4.0 7.4 xxx
EPS Growth xxx - 49.8% 100.0% xxx
DPS Growth xxx - 33.3% 83.7% xxx
PE Ratio xxx N/A 12.9 xxx
Dividend Yield xxx N/A 2.0% xxx
Div Pay Ratio(%) xxx 44.9% 26.3% xxx

Dividend yield today if purchased 3 years ago: 0.80%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 1.11

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: 30/08 - ex-div 2c (franking 100%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2023 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

0.2

No. Of Recommendations

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

Morgan Stanley

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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Login above or Get a Free Trial

Morgans

xx/xx/xxxx

3

xxxx

$xx.xx

xx.xx%

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Macquarie

19/10/2023

5

Underperform

$3.50

-2.78%

Evolution Mining's September-quarter disappointed Macquarie, production falling -14% short of the broker's forecasts while all-in-sustaining costs were 5% higher than forecast.

Free cash flow disappointed, the company posting an outflow of -$26.4m, compared with Macquarie's expectations of a $1.4m improvement. The broker estimates net debt of $1.8bn.

FY24 production and cost guidance were retained as was growth capital guidance of $450m to $490m, the company expecting an improvement as the year progresses.

EPS forecasts fall -15% in FY24; and rise 1% to 4% across FY25 to FY30.

Underperform rating and $3.50 target price retained.

FORECAST
Macquarie forecasts a full year FY24 dividend of 6.00 cents and EPS of 26.70 cents.
Macquarie forecasts a full year FY25 dividend of 11.00 cents and EPS of 22.60 cents.

Citi

xx/xx/xxxx

3

xxxxxxx

$xx.xx

xx.xx%

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Ord Minnett

xx/xx/xxxx

3

xxxx

$xx.xx

xx.xx%

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Access Stockbroker Research History >

EVN STOCK CHART

FNArena News on EVN

1
They Say You Want An Evolution

Dec 05 2023 - Technicals
2
Australian Broker Call *Extra* Edition – Nov 23, 2023

Nov 23 2023 - Daily Market Reports
3
Northern Star: All About KCGM

Nov 15 2023 - Australia
4
Rudi’s View: Between Perception & Reality

Nov 15 2023 - Rudi's View
5
Australian Broker Call *Extra* Edition – Oct 26, 2023

Oct 26 2023 - Daily Market Reports

Latest Gold & Silver News

1
They Say You Want An Evolution

Dec 05 2023 - Technicals
2
Northern Star: All About KCGM

Nov 15 2023 - Australia
3
Material Matters: Gold, Iron Ore & Met Coal

Sep 19 2023 - Commodities
4
Australian Gold Miners: Positive Signs

Aug 30 2023 - Technicals
5
Gold: Major Low Locked In

Jul 20 2023 - Technicals
6
The Case For Australian Gold Miners

Jul 14 2023 - Commodities
7
Capricorn Metals; New Gold Standard Rising

Jun 20 2023 - Small Caps
8
Gold: Blue Sky Ahead?

May 10 2023 - Technicals
9
Gold: Stick With It

Apr 20 2023 - Technicals
10
Evolution Mining Setbacks Polarise Views

Apr 12 2023 - Australia