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Evolution Mining

ASX:EVN
Snowflake Description

Flawless balance sheet with reasonable growth potential.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
EVN
ASX
A$6B
Market Cap
  1. Home
  2. AU
  3. Materials
Company description

Evolution Mining Limited engages in identifying, developing, and operating gold related projects in Australia and New Zealand. The last earnings update was 123 days ago. More info.


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  • Evolution Mining has significant price volatility in the past 3 months.
EVN Share Price and Events
7 Day Returns
-9.3%
ASX:EVN
4%
AU Metals and Mining
0.5%
AU Market
1 Year Returns
7.3%
ASX:EVN
22.9%
AU Metals and Mining
19.1%
AU Market
EVN Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Evolution Mining (EVN) -9.3% -11.5% -25.4% 7.3% 119.3% 519.3%
AU Metals and Mining 4% 5.1% 2.3% 22.9% 47% 59.7%
AU Market 0.5% -0.2% 0.4% 19.1% 18.2% 22.8%
1 Year Return vs Industry and Market
  • EVN underperformed the Metals and Mining industry which returned 22.9% over the past year.
  • EVN underperformed the Market in Australia which returned 19.1% over the past year.
Price Volatility
EVN
Industry
5yr Volatility vs Market

Value

 Is Evolution Mining undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Evolution Mining to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Evolution Mining.

ASX:EVN Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Dividend Discount Model
Dividend Per Share Company Filings (2019-06-30) in AUD A$ 0.15385756756757
Payout Ratio Company Filings (2019-06-30) 4019.7%
Discount Rate (Cost of Equity) See below 8.9%
Perpetual Growth Rate 10-Year AU Government Bond Rate 1.1%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for ASX:EVN
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year AU Govt Bond Rate 1.1%
Equity Risk Premium S&P Global 5.4%
Metals and Mining Unlevered Beta Simply Wall St/ S&P Global 1.18
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.182 (1 + (1- 30%) (4.89%))
1.43
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.43
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 1.08% + (1.43 * 5.44%)
8.86%

Discounted Cash Flow Calculation for ASX:EVN using Dividend Discount Model Model

The calculations below outline how an intrinsic value for Evolution Mining is arrived at by discounting future dividends to their present value. This approach is used for finance firms where free cash flow is difficult to estimate (e.g. Banks/ Insurance firms).

If the firm does not pay the majority of its earnings out as a dividend this method will often arrive at a value significantly lower than the share price.

See our documentation to learn about this calculation.

ASX:EVN Gordon Growth Model
Calculation Result
Value per share = Expected dividends per share / (Discount Rate - Perpetual growth rate)
= A$0.15 / (8.86% - 1.08%)
A$1.98
ASX:EVN Discount to Share Price
Calculation Result
Value per share (AUD) From above. A$1.98
Current discount Discount to share price of A$3.53
= -1 x (A$3.53 - A$1.98) / A$1.98
-78.5%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of Evolution Mining is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Evolution Mining's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Evolution Mining's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
ASX:EVN PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-06-30) in AUD A$0.13
ASX:EVN Share Price ** ASX (2019-12-13) in AUD A$3.53
Australia Metals and Mining Industry PE Ratio Median Figure of 80 Publicly-Listed Metals and Mining Companies 12.59x
Australia Market PE Ratio Median Figure of 519 Publicly-Listed Companies 18.46x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Evolution Mining.

ASX:EVN PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= ASX:EVN Share Price ÷ EPS (both in AUD)

= 3.53 ÷ 0.13

27.45x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Evolution Mining is overvalued based on earnings compared to the AU Metals and Mining industry average.
  • Evolution Mining is overvalued based on earnings compared to the Australia market.
Price based on expected Growth
Does Evolution Mining's expected growth come at a high price?
Raw Data
ASX:EVN PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 27.45x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 7 Analysts
20.2%per year
Australia Metals and Mining Industry PEG Ratio Median Figure of 47 Publicly-Listed Metals and Mining Companies 0.77x
Australia Market PEG Ratio Median Figure of 349 Publicly-Listed Companies 1.61x

*Line of best fit is calculated by linear regression .

ASX:EVN PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 27.45x ÷ 20.2%

1.36x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Evolution Mining is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Evolution Mining's assets?
Raw Data
ASX:EVN PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-06-30) in AUD A$1.42
ASX:EVN Share Price * ASX (2019-12-13) in AUD A$3.53
Australia Metals and Mining Industry PB Ratio Median Figure of 551 Publicly-Listed Metals and Mining Companies 1.4x
Australia Market PB Ratio Median Figure of 1,588 Publicly-Listed Companies 1.67x
ASX:EVN PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= ASX:EVN Share Price ÷ Book Value per Share (both in AUD)

= 3.53 ÷ 1.42

2.49x

* Primary Listing of Evolution Mining.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Evolution Mining is overvalued based on assets compared to the AU Metals and Mining industry average.
X
Value checks
We assess Evolution Mining's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Metals and Mining industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Metals and Mining industry average (and greater than 0)? (1 check)
  5. Evolution Mining has a total score of 0/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is Evolution Mining expected to perform in the next 1 to 3 years based on estimates from 7 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
20.2%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Evolution Mining expected to grow at an attractive rate?
  • Evolution Mining's earnings growth is expected to exceed the low risk savings rate of 1.1%.
Growth vs Market Checks
  • Evolution Mining's earnings growth is expected to exceed the Australia market average.
  • Evolution Mining's revenue growth is expected to exceed the Australia market average.
Annual Growth Rates Comparison
Raw Data
ASX:EVN Future Growth Rates Data Sources
Data Point Source Value (per year)
ASX:EVN Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 7 Analysts 20.2%
ASX:EVN Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 7 Analysts 5.7%
Australia Metals and Mining Industry Earnings Growth Rate Market Cap Weighted Average 1.2%
Australia Metals and Mining Industry Revenue Growth Rate Market Cap Weighted Average 0.3%
Australia Market Earnings Growth Rate Market Cap Weighted Average 9.3%
Australia Market Revenue Growth Rate Market Cap Weighted Average 3.5%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
ASX:EVN Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (5 months ago) See Below
Future Estimates Average of up to 7 Analyst Estimates (S&P Global) See Below
All numbers in AUD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
ASX:EVN Future Estimates Data
Date (Data in AUD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-06-30 1,522 366 1
2022-06-30 1,847 667 528 6
2021-06-30 1,933 802 434 7
2020-06-30 1,834 811 400 7
2019-12-15
ASX:EVN Past Financials Data
Date (Data in AUD Millions) Revenue Cash Flow Net Income *
2019-06-30 1,510 616 218
2019-03-31 1,512 637 225
2018-12-31 1,515 658 232
2018-09-30 1,527 686 248
2018-06-30 1,540 714 263
2018-03-31 1,546 696 233
2017-12-31 1,551 677 203
2017-09-30 1,515 664 211
2017-06-30 1,480 651 218
2017-03-31 1,456 654 173
2016-12-31 1,433 658 128
2016-09-30 1,381 616 52

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Evolution Mining's earnings are expected to grow significantly at over 20% yearly.
  • Evolution Mining's revenue is expected to grow by 5.7% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
ASX:EVN Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (5 months ago) See Below
Future Estimates Average of up to 7 Analyst Estimates (S&P Global) See Below

All data from Evolution Mining Company Filings, last reported 5 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

ASX:EVN Future Estimates Data
Date (Data in AUD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2023-06-30 0.22 0.22 0.22 1.00
2022-06-30 0.28 0.40 0.12 5.00
2021-06-30 0.28 0.39 0.22 6.00
2020-06-30 0.24 0.28 0.20 6.00
2019-12-15
ASX:EVN Past Financials Data
Date (Data in AUD Millions) EPS *
2019-06-30 0.13
2019-03-31 0.13
2018-12-31 0.14
2018-09-30 0.15
2018-06-30 0.16
2018-03-31 0.14
2017-12-31 0.12
2017-09-30 0.13
2017-06-30 0.13
2017-03-31 0.11
2016-12-31 0.08
2016-09-30 0.04

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Evolution Mining is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Evolution Mining's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Australia market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Australia market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Evolution Mining has a total score of 4/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Evolution Mining performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Evolution Mining's growth in the last year to its industry (Metals and Mining).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Evolution Mining has delivered over 20% year on year earnings growth in the past 5 years.
  • Evolution Mining's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Evolution Mining's 1-year earnings growth is negative, it can't be compared to the AU Metals and Mining industry average.
Earnings and Revenue History
Evolution Mining's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Evolution Mining Company Filings, last reported 5 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

ASX:EVN Past Revenue, Cash Flow and Net Income Data
Date (Data in AUD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-06-30 1,509.82 218.19 38.40
2019-03-31 1,512.17 225.08 36.43
2018-12-31 1,514.51 231.98 34.46
2018-09-30 1,527.47 247.68 35.07
2018-06-30 1,540.43 263.39 35.69
2018-03-31 1,545.65 233.42 35.68
2017-12-31 1,550.87 203.46 35.67
2017-09-30 1,515.37 210.53 35.41
2017-06-30 1,479.88 217.61 35.14
2017-03-31 1,456.28 172.70 38.18
2016-12-31 1,432.68 127.79 41.22
2016-09-30 1,380.65 51.72 38.76
2016-06-30 1,328.61 -24.35 36.30
2016-03-31 1,143.60 2.06 33.28
2015-12-31 948.01 41.58 28.13
2015-09-30 806.98 70.85 27.73
2015-06-30 665.96 100.12 27.33
2015-03-31 646.95 85.43 23.74
2014-12-31 638.52 57.64 22.28
2014-09-30 636.47 53.83 22.44
2014-06-30 634.42 50.02 22.60
2014-03-31 619.37 -131.32 22.49
2013-12-31 604.33 -312.66 22.38
2013-09-30 604.68 -310.04 24.80
2013-06-30 605.03 -307.42 27.22
2013-03-31 620.77 -105.74 33.34
2012-12-31 636.51 95.95 39.45

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Evolution Mining has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Evolution Mining used its assets less efficiently than the AU Metals and Mining industry average last year based on Return on Assets.
  • Evolution Mining has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Evolution Mining's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Metals and Mining industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Evolution Mining has a total score of 2/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Evolution Mining's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Evolution Mining's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Evolution Mining is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Evolution Mining's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Evolution Mining's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 2.3x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Evolution Mining Company Filings, last reported 5 months ago.

ASX:EVN Past Debt and Equity Data
Date (Data in AUD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-06-30 2,406.48 293.43 335.16
2019-03-31 2,406.48 293.43 335.16
2018-12-31 2,312.73 347.08 313.63
2018-09-30 2,312.73 347.08 313.63
2018-06-30 2,288.39 385.97 323.23
2018-03-31 2,288.39 385.97 323.23
2017-12-31 2,203.37 393.36 163.50
2017-09-30 2,203.37 393.36 163.50
2017-06-30 2,128.25 434.78 37.39
2017-03-31 2,128.25 434.78 37.39
2016-12-31 2,070.25 597.93 14.48
2016-09-30 2,070.25 597.93 14.48
2016-06-30 1,551.43 286.80 17.30
2016-03-31 1,551.43 286.80 17.30
2015-12-31 1,559.11 480.79 45.29
2015-09-30 1,559.11 480.79 45.29
2015-06-30 1,124.56 3.66 205.79
2015-03-31 853.98 116.47 32.51
2014-12-31 823.55 134.99 47.44
2014-09-30 823.55 134.99 47.44
2014-06-30 785.30 136.47 31.61
2014-03-31 785.30 136.47 31.61
2013-12-31 776.52 152.01 36.95
2013-09-30 776.52 152.01 36.95
2013-06-30 747.26 127.76 13.66
2013-03-31 747.26 127.76 13.66
2012-12-31 1,098.16 79.19 49.22
  • Evolution Mining's level of debt (12.2%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (17.4% vs 12.2% today).
  • Debt is well covered by operating cash flow (210%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 24.3x coverage).
X
Financial health checks
We assess Evolution Mining's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Evolution Mining has a total score of 6/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is Evolution Mining's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
2.69%
Current annual income from Evolution Mining dividends. Estimated to be 4.36% next year.
If you bought A$2,000 of Evolution Mining shares you are expected to receive A$54 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Evolution Mining's pays a higher dividend yield than the bottom 25% of dividend payers in Australia (2.41%).
  • Evolution Mining's dividend is below the markets top 25% of dividend payers in Australia (5.6%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
ASX:EVN Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 7 Analyst Estimates (S&P Global) See Below
Australia Metals and Mining Industry Average Dividend Yield Market Cap Weighted Average of 43 Stocks 4.4%
Australia Market Average Dividend Yield Market Cap Weighted Average of 389 Stocks 4.1%
Australia Minimum Threshold Dividend Yield 10th Percentile 1.5%
Australia Bottom 25% Dividend Yield 25th Percentile 2.4%
Australia Top 25% Dividend Yield 75th Percentile 5.6%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

ASX:EVN Future Dividends Estimate Data
Date (Data in A$) Dividend per Share (annual) Avg. No. Analysts
2023-06-30 0.12 1.00
2022-06-30 0.20 11.00
2021-06-30 0.15 12.00
2020-06-30 0.12 13.00
2019-12-15
ASX:EVN Past Annualized Dividends Data
Date (Data in A$) Dividend per share (annual) Avg. Yield (%)
2019-08-14 0.095 2.166
2018-08-16 0.080 2.304
2018-02-14 0.070 2.235
2017-08-16 0.060 2.434
2017-02-15 0.040 1.763
2016-08-16 0.040 1.841
2016-02-17 0.020 0.965
2015-08-26 0.020 1.490
2015-06-23 0.020 1.859
2015-02-18 0.020 2.071
2014-08-28 0.020 2.932
2014-02-20 0.020 2.435
2013-08-29 0.010 1.414

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Whilst dividend payments have been stable, Evolution Mining has been paying a dividend for less than 10 years.
  • Dividend payments have increased, but Evolution Mining only paid a dividend in the past 6 years.
Current Payout to shareholders
What portion of Evolution Mining's earnings are paid to the shareholders as a dividend.
  • Dividends paid are covered by earnings (1.4x coverage).
Future Payout to shareholders
  • Dividends after 3 years are not well covered by earnings (0.9x coverage).
X
Income/ dividend checks
We assess Evolution Mining's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.5%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Evolution Mining afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Evolution Mining has a total score of 2/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of Evolution Mining's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
  • Evolution Mining has no CEO, or we have no data on them.
Management Team Tenure

Average tenure of the Evolution Mining management team in years:

3.4
Average Tenure
  • The tenure for the Evolution Mining management team is about average.
Management Team

Jake Klein

TITLE
Executive Chairman
COMPENSATION
A$5M
AGE
53

Lawrie Conway

TITLE
Finance Director
COMPENSATION
A$1M
TENURE
5.3 yrs

Bob Fulker

TITLE
Chief Operating Officer
COMPENSATION
A$996K
TENURE
1.8 yrs

Paul Eagle

TITLE
Vice President of People & Culture
COMPENSATION
A$907K
TENURE
3.4 yrs

Glen Masterman

TITLE
Vice President of Discovery & Business Development
COMPENSATION
A$1M
AGE
49
TENURE
0.9 yrs

Evan Elstein

TITLE
Company Secretary & VP of Information Technology
COMPENSATION
A$954K
TENURE
8.2 yrs

Bryan O'Hara

TITLE
General Manager of Investor Relations
Board of Directors Tenure

Average tenure and age of the Evolution Mining board of directors in years:

7.2
Average Tenure
58.5
Average Age
  • The tenure for the Evolution Mining board of directors is about average.
Board of Directors

Jake Klein

TITLE
Executive Chairman
COMPENSATION
A$5M
AGE
53
TENURE
8.2 yrs

Lawrie Conway

TITLE
Finance Director
COMPENSATION
A$1M
TENURE
8.2 yrs

Cobb Johnstone

TITLE
Non-Executive Director
COMPENSATION
A$164K
AGE
62
TENURE
6.3 yrs

Tommy McKeith

TITLE
Lead Independent Director
COMPENSATION
A$167K
AGE
55
TENURE
1 yrs

Andrea Hall

TITLE
Non-Executive Director
COMPENSATION
A$158K
TENURE
2.2 yrs

Jim Askew

TITLE
Non-Executive Director
COMPENSATION
A$153K
AGE
71
TENURE
8.2 yrs

Jason Attew

TITLE
Non-Executive Director
Who owns this company?
Recent Insider Trading
  • No 3 month open market individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (A$) Value (A$)
01. Dec 19 Sell La Mancha Holding SARL Company 30. Jul 19 27. Nov 19 -31,800,000 A$5.48 A$-139,597,425
27. Aug 19 Sell Lawrence Conway Individual 26. Aug 19 26. Aug 19 -240,000 A$5.38 A$-1,292,047
20. Aug 19 Sell Graham Freestone Individual 16. Aug 19 16. Aug 19 -40,000 A$5.21 A$-208,228
19. Jun 19 Sell JPMorgan Chase & Co, Brokerage and Securities Investments Company 15. Jun 19 17. Jun 19 -25,321,873 A$4.14 A$-95,753,318
19. Jun 19 Buy JPMorgan Chase & Co, Brokerage and Securities Investments Company 17. Jun 19 17. Jun 19 79,113 A$4.07 A$320,910
18. Jun 19 Buy JPMorgan Chase & Co, Private Banking and Investment Banking Investments Company 14. May 19 14. May 19 242,298 A$3.55 A$860,158
18. Jun 19 Sell J.P. Morgan Asset Management, Inc. Company 01. Apr 19 30. May 19 -190,582 A$3.68 A$-667,261
18. Jun 19 Sell JPMorgan Chase & Co, Brokerage and Securities Investments Company 07. Mar 19 20. Mar 19 -40,062 A$3.57 A$-141,770
18. Jun 19 Buy JPMorgan Chase & Co, Brokerage and Securities Investments Company 27. Mar 19 07. Jun 19 98,205 A$3.93 A$358,957
18. Jun 19 Buy J.P. Morgan Asset Management, Inc. Company 28. Feb 19 28. May 19 1,223,178 A$3.71 A$4,347,569
17. Jun 19 Buy Lockheed Martin Corporation Master Retirement Trust Company 30. Jan 19 30. Jan 19 9,000 A$3.95 A$35,508
17. Jun 19 Sell Legal & General Investment Management Limited Company 23. Oct 18 16. May 19 -59,242 A$3.49 A$-206,527
17. Jun 19 Buy Legal & General Investment Management Limited Company 08. Aug 18 21. May 19 61,705 A$3.38 A$208,547
17. Jun 19 Sell Van Eck Associates Corporation Company 02. Aug 18 07. Jun 19 -8,773,773 A$3.53 A$-28,104,370
17. Jun 19 Buy Van Eck Associates Corporation Company 03. Aug 18 04. Jun 19 22,089,662 A$3.54 A$76,678,660
16. Jun 19 Sell BlackRock, Inc. Company 05. Jun 19 12. Jun 19 -289,017 A$3.96 A$-119,886
16. Jun 19 Buy BlackRock, Inc. Company 05. Jun 19 13. Jun 19 17,469,329 A$3.93 A$0
05. Jun 19 Buy BlackRock, Inc. Company 05. Feb 19 04. Jun 19 38,729,968 A$4.11 A$157,865,591
19. Feb 19 Sell Jacob Klein Individual 19. Feb 19 19. Feb 19 -2,500,000 A$3.78 A$-9,450,998
X
Management checks
We assess Evolution Mining's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Evolution Mining has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

What Can We Make Of Evolution Mining Limited’s (ASX:EVN) High Return On Capital?

The formula for calculating the return on capital employed is: Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities) Or for Evolution Mining:0.12 = AU$329m ÷ (AU$3.1b - AU$295m) (Based on the trailing twelve months to June 2019.) Therefore, Evolution Mining has an ROCE of 12%. … Due to the way ROCE is calculated, a high level of current liabilities makes a company look as though it has less capital employed, and thus can (sometimes unfairly) boost the ROCE. … In addition to low current liabilities (making a negligible impact on ROCE), Evolution Mining earns a sound return on capital employed.

Simply Wall St -

Trade Alert: The Non-Executive Director Of Evolution Mining Limited (ASX:EVN), Graham Freestone, Has Sold Some Shares Recently

View our latest analysis for Evolution Mining The Last 12 Months Of Insider Transactions At Evolution Mining In the last twelve months, the biggest single sale by an insider was when the Executive Chairman, Jacob Klein, sold AU$9.5m worth of shares at a price of AU$3.78 per share. … ASX:EVN Recent Insider Trading, August 22nd 2019 Insider Ownership of Evolution Mining Many investors like to check how much of a company is owned by insiders. … We've certainly seen higher levels of insider ownership elsewhere, but these holdings are enough to suggest alignment between insiders and the other shareholders.

Simply Wall St -

Can You Imagine How Elated Evolution Mining's (ASX:EVN) Shareholders Feel About Its 581% Share Price Gain?

To wit, the Evolution Mining Limited (ASX:EVN) share price has soared 581% over five years. … During the five years of share price growth, Evolution Mining moved from a loss to profitability. … We note that for Evolution Mining the TSR over the last 5 years was 734%, which is better than the share price return mentioned above.

Simply Wall St -

Based On Its ROE, Is Evolution Mining Limited (ASX:EVN) A High Quality Stock?

The formula for return on equity is: Return on Equity = Net Profit ÷ Shareholders' Equity Or for Evolution Mining: 10% = AU$232m ÷ AU$2.3b (Based on the trailing twelve months to December 2018.) It's easy to understand the 'net profit' part of that equation, but 'shareholders' equity' requires further explanation. … Evolution Mining's Debt And Its 10% ROE While Evolution Mining does have some debt, with debt to equity of just 0.15, we wouldn't say debt is excessive. … If you would prefer check out another company -- one with potentially superior financials -- then do not miss this free list of interesting companies, that have HIGH return on equity and low debt.

Simply Wall St -

Could Evolution Mining Limited's (ASX:EVN) Investor Composition Influence The Stock Price?

Taking a look at our data on the ownership groups (below), it's seems that institutional investors have bought into the company. … Check out our latest analysis for Evolution Mining ASX:EVN Ownership Summary, July 16th 2019 What Does The Institutional Ownership Tell Us About Evolution Mining? … Insider Ownership Of Evolution Mining While the precise definition of an insider can be subjective, almost everyone considers board members to be insiders.

Simply Wall St -

Did Evolution Mining Limited (ASX:EVN) Insiders Sell Shares?

As Peter Lynch said, 'insiders might sell their shares for any number of reasons, but they buy them for only one: they think the price will rise.' Check out our latest analysis for Evolution Mining Evolution Mining Insider Transactions Over The Last Year In the last twelve months, the biggest single sale by an insider was when the Executive Chairman, Jacob Klein, sold AU$9.5m worth of shares at a price of AU$3.78 per share. … ASX:EVN Recent Insider Trading, July 8th 2019 Insider Ownership of Evolution Mining Another way to test the alignment between the leaders of a company and other shareholders is to look at how many shares they own. … It appears that Evolution Mining insiders own 0.9% of the company, worth about AU$67m.

Simply Wall St -

Will Evolution Mining Limited's (ASX:EVN) Earnings Grow Over The Next Year?

Based on Evolution Mining Limited's (ASX:EVN) earnings update in December 2018, analyst consensus outlook appear cautiously subdued, with earnings expected to grow by 19% in the upcoming year relative to the higher past 5-year average growth rate of 54%. … I've plotted out each year's earnings expectations and inserted a line of best fit to calculate an annual growth rate from the slope in order to understand the overall trajectory of EVN's earnings growth over these next few years. … ASX:EVN Past and Future Earnings, June 28th 2019 This results in an annual growth rate of 14% based on the most recent earnings level of AU$263m to the final forecast of AU$387m by 2022.

Simply Wall St -

Will Evolution Mining Limited's (ASX:EVN) Earnings Grow In The Next 12 Months?

Since Evolution Mining Limited (ASX:EVN) released its earnings in December 2018, analysts seem cautiously bearish, with earnings expected to grow by 19% in the upcoming year compared with the higher past 5-year average growth rate of 54%. … To reduce the year-on-year volatility of analyst earnings forecast, I've inserted a line of best fit through the expected earnings figures to determine the annual growth rate from the slope of the line. … ASX:EVN Past and Future Earnings, June 28th 2019 From the current net income level of AU$263m and the final forecast of AU$387m by 2022, the annual rate of growth for EVN’s earnings is 14%.

Simply Wall St -

Is Evolution Mining Limited's (ASX:EVN) Stock Available For A Good Price After Accounting For Growth?

Evolution Mining Limited (ASX:EVN) is considered a high-growth stock, but its last closing price of A$3.85 left some investors wondering if this high future earnings potential can be rationalized by its current price tag. … As the legendary value investor Ben Graham once said, “Price is what you pay, value is what you get.” Evolution Mining is trading at price-to-earnings (PE) ratio of 28.12x, which tells us the stock is overvalued based on current earnings compared to the Metals and Mining industry average of 11.78x , and overvalued compared to the AU market average ratio of 16.05x. … This means that, when we account for Evolution Mining's growth, the stock can be viewed as overvalued , based on fundamental analysis.

Simply Wall St -

Don't Sell Evolution Mining Limited (ASX:EVN) Before You Read This

The formula for P/E is: Price to Earnings Ratio = Price per Share ÷ Earnings per Share (EPS) Or for Evolution Mining: P/E of 28.27 = A$3.87 ÷ A$0.14 (Based on the year to December 2018.) Is A High Price-to-Earnings Ratio Good? … A higher P/E ratio means that investors are paying a higher price for each A$1 of company earnings. … The Verdict On Evolution Mining's P/E Ratio Evolution Mining trades on a P/E ratio of 28.3, which is above the AU market average of 16.1.

Simply Wall St -

Company Info

Description

Evolution Mining Limited engages in identifying, developing, and operating gold related projects in Australia and New Zealand. It primarily explores for gold, copper, and silver deposits. As of June 30, 2019, the company operated five wholly-owned gold mines located Cowal in New South Wales; Cracow, Mt Carlton, and Mt Rawdon in Queensland; and Mungari in Western Australia, as well as had an economic interest in the Ernest Henry copper-gold operation in Queensland. The company was formerly known as Catalpa Resources Limited and changed its name to Evolution Mining Limited in November 2011. Evolution Mining Limited was incorporated in 1998 and is based in Sydney, Australia.

Details
Name: Evolution Mining Limited
EVN
Exchange: ASX
Founded: 1998
A$6,006,049,202
1,701,430,369
Website: http://evolutionmining.com.au
Address: Evolution Mining Limited
175 Liverpool Street,
Level 24,
Sydney,
New South Wales, 2000,
Australia
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
ASX EVN Ordinary Shares Australian Securities Exchange AU AUD 20. Aug 2002
OTCPK CAHP.F Ordinary Shares Pink Sheets LLC US USD 20. Aug 2002
DB WE7 Ordinary Shares Deutsche Boerse AG DE EUR 20. Aug 2002
CHIA EVN Ordinary Shares Chi-X Australia AU AUD 20. Aug 2002
Number of employees
Current staff
Staff numbers
1,273
Evolution Mining employees.
Industry
Gold
Materials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/12/15 10:33
End of day share price update: 2019/12/13 00:00
Last estimates confirmation: 2019/12/11
Last earnings filing: 2019/08/14
Last earnings reported: 2019/06/30
Last annual earnings reported: 2019/06/30


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.