Loading..

Evolution Mining Limited (EVN) Report Analysis

Corporate Events

Neutral

Evolution Mining Limited Provides Production Gu...

2022-06-26 22:22:00

Evolution Mining Limited provided production guidance for the quarter ending June 2022, fiscal year 2022, 2023 and 2024. For the quarter endin...

Neutral

Evolution Mining Limited - Special Call

2022-06-26 22:22:00

To provide update on expected performance for FY22 and outlook for FY23 and FY24

Neutral

Evolution Mining Limited, Q3 2022 Earnings Call...

2022-04-13 22:17:00

Evolution Mining Limited, Q3 2022 Earnings Call, Apr 21, 2022

Neutral

Goldevents, the Australian Gold Conference 2022...

2022-02-09 07:09:00

Goldevents, The Australian Gold Conference 2022, Jun 14, 2022 through Jun 15, 2022.

Neutral

Evolution Mining Limited Presents at The Austra...

2022-02-09 07:09:00

Evolution Mining Limited Presents at The Australian Gold Conference 2022, Jun-15-2022 11:00 AM. Speakers: Jake Klein, Executive Chairman.

Neutral

Evolution Mining Limited to Report Q3, 2022 Res...

2022-01-18 19:26:00

Evolution Mining Limited announced that they will report Q3, 2022 results Pre-Market on Apr 21, 2022

Positive

Ernest Henry Mining Pty Ltd., Evolution Mining ...

2021-11-17 06:53:00

Evolution Mining Limited enters into a binding agreement with Glencore to acquire 100% of the shares in Ernest Henry Mining Pty Ltd

Positive

Evolution Mining Limited (ASX:EVN) entered into...

2021-11-17 00:00:00

Evolution Mining Limited (ASX:EVN) entered into a binding agreement to acquire Ernest Henry Mining Pty Ltd. from Glencore plc (LSE:GLEN) for A...

Neutral

Evolution Mining Limited, Q1 2022 Earnings Call...

2021-10-17 21:39:00

Evolution Mining Limited, Q1 2022 Earnings Call, Oct 20, 2021

Neutral

Evolution Mining Limited Presents at 13th Annua...

2021-10-09 01:00:00

Evolution Mining Limited Presents at 13th Annual Australia & New Zealand Investment Conference 2021, Oct-13-2021 .

Neutral

Evolution Mining Limited Provides Production Gu...

2021-10-04 22:04:00

Evolution Mining Limited provided production guidance for the fiscal year 2022, 2023 and 2024. For the fiscal 2022, the company expects Gold p...

Neutral

Evolution Mining Limited - Shareholder/Analyst Call

2021-09-30 00:51:00

AGM

Neutral

Evolution Mining Limited, Annual General Meetin...

2021-09-06 03:45:00

Evolution Mining Limited, Annual General Meeting, Nov 25, 2021, at 10:01 E. Australia Standard Time. Agenda: To receive and consider the annua...

Negative

Evolution Mining Limited has completed a Follow...

2021-08-26 00:00:00

Evolution Mining Limited has completed a Follow-on Equity Offering in the amount of AUD 67.911297 million. Security Name: Ordinary Shares ...

Neutral

Citigroup Inc., 13th Annual Australia & New Zea...

2021-08-24 16:47:00

Citigroup Inc., 13th Annual Australia & New Zealand Investment Conference 2021, Oct 13, 2021 through Oct 14, 2021. The Citi Australia & New Ze...

Positive

Evolution Mining Limited, 0.05 (AUD), Cash Divi...

2021-08-19 00:00:00

Evolution Mining Limited, 0.05 (AUD), Cash Dividend, Aug-30-2021

Negative

Evolution Mining Limited Announces Full Franked...

2021-08-18 22:52:00

Evolution Mining Limited announced full franked ordinary distribution of AUD 0.05000000 per share for the period of six months ended June 30, ...

Neutral

Evolution Mining Limited Provides Production Gu...

2021-08-18 22:18:00

Evolution Mining Limited provided production guidance for the year 2022. For the year, the company expects gold production of 700,000 ounces t...

Positive

Evolution Mining Limited (ASX:EVN) completed th...

2021-08-18 00:00:00

Evolution Mining Limited (ASX:EVN) agreed to acquire Kundana Assets Of Northern Star Resources Limited from Northern Star Resources Limited (A...

Neutral

Evolution Mining Limited, 2021 Earnings Call, A...

2021-08-17 01:37:00

Evolution Mining Limited, 2021 Earnings Call, Aug 19, 2021

Positive

Evolution Mining Limited announced that it expe...

2021-08-12 00:00:00

Evolution Mining Limited announced a private placement of 2.83% debt maturing November 2028 for gross proceeds of $200 million and 3.17% debt ...

Neutral

Evolution Mining Limited Presents at Gold Event...

2021-08-06 10:42:00

Evolution Mining Limited Presents at Gold Events Virtual Gold Conference, Aug-19-2021 02:00 PM. Speakers: Jacob Klein, Executive Chairman.

Neutral

Symposium Events Pty Ltd, Gold Events Virtual ...

2021-07-30 13:58:00

Symposium Events Pty Ltd, Gold Events Virtual Gold Conference, Aug 19, 2021.

Neutral

Evolution Mining Limited Presents at Mines and ...

2021-07-27 09:28:00

Evolution Mining Limited Presents at Mines and Money Online Connect, Aug-31-2021 . Speakers: Jake Klein, Executive Chairman.

Negative

Evolution Mining Limited has completed a Follow...

2021-07-23 00:00:00

Evolution Mining Limited has completed a Follow-on Equity Offering in the amount of AUD 400 million. Security Name: Ordinary Shares Securi...

Negative

Evolution Mining Limited has filed a Follow-on ...

2021-07-22 00:00:00

Evolution Mining Limited has filed a Follow-on Equity Offering in the amount of AUD 400 million. Security Name: Ordinary Shares Security T...

Negative

Evolution Mining Limited has filed a Follow-on ...

2021-07-22 00:00:00

Evolution Mining Limited has filed a Follow-on Equity Offering in the amount of AUD 50.05 million. Security Name: Ordinary Shares Security...

Positive

Evolution Mining Limited (ASX:EVN) agreed to ac...

2021-07-22 00:00:00

Evolution Mining Limited (ASX:EVN) agreed to acquire Kundana Assets Of Northern Star Resources Limited from Northern Star Resources Limited (A...

Neutral

Evolution Mining Limited - Special Call

2021-07-22 00:00:00

To discuss plan with the announcement of acquiring the Kundana assets from Northern Star

Neutral

Evolution Mining Limited to Report Fiscal Year ...

2021-07-21 20:31:00

Evolution Mining Limited announced that they will report fiscal year 2021 final results on Oct 18, 2021

Negative

Evolution Mining Limited Expects Final Dividend...

2021-07-16 01:01:00

Subject to finalizing the fiscal 2021 financials, Evolution Mining Limited expect final dividend to be in the range of $0.04 to $0.06 per shar...

Positive

Evolution Mining Limited Approves, Subject to R...

2021-07-15 22:24:00

Evolution Mining Limited announced that Board has approved, subject to receipt of final regulatory approval, the development of the Cowal unde...

Neutral

Evolution Mining Limited, Q4 2021 Earnings Call...

2021-07-13 22:24:00

Evolution Mining Limited, Q4 2021 Earnings Call, Jul 16, 2021

Neutral

Beacon Events Ltd., Mines and Money Online Conn...

2021-07-07 14:41:00

Beacon Events Ltd., Mines and Money Online Connect, Aug 31, 2021 through Sep 02, 2021. Mines and Money is Europe's largest mining investment e...

Neutral

Evolution Mining Limited Presents at Diggers an...

2021-06-30 19:09:00

Evolution Mining Limited Presents at Diggers and Dealers Mining Forum, Aug-03-2021 09:50 AM. Venue: Goldfields Arts Centre, Cheetham Street, K...

Neutral

Evolution Mining Limited Provides Production Guidance for the Quarter Ending June 2022, Fiscal Year 2022, 2023 and 2024

2022-06-26 22:22:00

Evolution Mining Limited provided production guidance for the quarter ending June 2022, fiscal year 2022, 2023 and 2024. For the quarter ending June 2022, the company expecting production will be 15% higher than the March 2022 quarter at around 170,000 ounces. The transformation at Red Lake is continuing and company expect production to increase 15% from the March 2022quarter to produce around 38,000 ounces in the June 2022 quarter.For the fiscal 2022, the company expects gold production to be around 640,000 ounces.For the fiscal 2023, the company expects Gold production to increase 12% on the current year to 720,000 ounces +/- 5%.For the fiscal 2024, the company expects Gold production to increase a 11% to 800,000 ounces +/- 5%.

Neutral

Evolution Mining Limited - Special Call

2022-06-26 22:22:00

To provide update on expected performance for FY22 and outlook for FY23 and FY24

Neutral

Evolution Mining Limited, Q3 2022 Earnings Call, Apr 21, 2022

2022-04-13 22:17:00

Evolution Mining Limited, Q3 2022 Earnings Call, Apr 21, 2022

Neutral

Goldevents, the Australian Gold Conference 2022, Jun 14, 2022 through Jun 15, 2022

2022-02-09 07:09:00

Goldevents, The Australian Gold Conference 2022, Jun 14, 2022 through Jun 15, 2022.

Neutral

Evolution Mining Limited Presents at The Australian Gold Conference 2022, Jun-15-2022 11:00 AM

2022-02-09 07:09:00

Evolution Mining Limited Presents at The Australian Gold Conference 2022, Jun-15-2022 11:00 AM. Speakers: Jake Klein, Executive Chairman.

Neutral

Evolution Mining Limited to Report Q3, 2022 Results on Apr 21, 2022

2022-01-18 19:26:00

Evolution Mining Limited announced that they will report Q3, 2022 results Pre-Market on Apr 21, 2022

Positive

Ernest Henry Mining Pty Ltd., Evolution Mining Limited - M&A Call

2021-11-17 06:53:00

Evolution Mining Limited enters into a binding agreement with Glencore to acquire 100% of the shares in Ernest Henry Mining Pty Ltd

Positive

Evolution Mining Limited (ASX:EVN) entered into a binding agreement to acquire Ernest Henry Mining Pty Ltd. from Glencore plc (LSE:GLEN) for AUD 1 billion.

2021-11-17 00:00:00

Evolution Mining Limited (ASX:EVN) entered into a binding agreement to acquire Ernest Henry Mining Pty Ltd. from Glencore plc (LSE:GLEN) for AUD 1 billion on November 17, 2021.Under the terms, AUD 800 million will be paid at closing and remaining will be paid on the first anniversary of closing. The Transaction consideration will be funded from available cash and a new USPP issue of $200 million (AUD 275.2 million) maturing in February 2031 at a fixed coupon of 3.06%. The Transaction is expected to complete on 6 January 2022. RBC Capital Markets is acting as sole financial adviser and Allens is acting as legal adviser in relation to the Transaction.

Neutral

Evolution Mining Limited, Q1 2022 Earnings Call, Oct 20, 2021

2021-10-17 21:39:00

Evolution Mining Limited, Q1 2022 Earnings Call, Oct 20, 2021

Neutral

Evolution Mining Limited Presents at 13th Annual Australia & New Zealand Investment Conference 2021, Oct-13-2021

2021-10-09 01:00:00

Evolution Mining Limited Presents at 13th Annual Australia & New Zealand Investment Conference 2021, Oct-13-2021 .

Neutral

Evolution Mining Limited Provides Production Guidance for the Fiscal Year 2022, 2023 and 2024

2021-10-04 22:04:00

Evolution Mining Limited provided production guidance for the fiscal year 2022, 2023 and 2024. For the fiscal 2022, the company expects Gold production to be in the range of between 670,000 oz to 725,000 oz.For the fiscal 2023, the company expects Gold production to be in the range of between 775,000 oz to 830,000 oz.For the fiscal 2024, the company expects Gold production to be in the range of between 855,000 oz to 915,000 oz.

Neutral

Evolution Mining Limited - Shareholder/Analyst Call

2021-09-30 00:51:00

AGM

Neutral

Evolution Mining Limited, Annual General Meeting, Nov 25, 2021

2021-09-06 03:45:00

Evolution Mining Limited, Annual General Meeting, Nov 25, 2021, at 10:01 E. Australia Standard Time. Agenda: To receive and consider the annual financial report of the Company and the reports of the Directors and independent external auditors for the financial year ended 30 June 2021; to consider Adoption of Remuneration Report; to consider re-election of Mr. Lawrence (Lawrie) Conway as a Director of the Company; to consider issue of Performance Rights to Mr. Jacob (Jake) Klein; and to consider issue of Performance Rights to Mr. Lawrence (Lawrie) Conway.

Negative

Evolution Mining Limited has completed a Follow-on Equity Offering in the amount of AUD 67.911297 million.

2021-08-26 00:00:00

Evolution Mining Limited has completed a Follow-on Equity Offering in the amount of AUD 67.911297 million. Security Name: Ordinary Shares Security Type: Common Stock Securities Offered: 17,639,298 Price\Range: AUD 3.85

Neutral

Citigroup Inc., 13th Annual Australia & New Zealand Investment Conference 2021, Oct 13, 2021 through Oct 14, 2021

2021-08-24 16:47:00

Citigroup Inc., 13th Annual Australia & New Zealand Investment Conference 2021, Oct 13, 2021 through Oct 14, 2021. The Citi Australia & New Zealand Investment Conference is the largest Australasian conference for influential ideas and actionable advice, attracting over 1000 investors, fund managers, CFOs and CEOs from Australia, New Zealand and around the globe. Throughout the two-day conference, attendees discuss issues affecting major markets and hear insights from policy makers, economists, political leaders and CEOs of some of Australia’s most enterprising corporations.

Positive

Evolution Mining Limited, 0.05 (AUD), Cash Dividend, Aug-30-2021

2021-08-19 00:00:00

Evolution Mining Limited, 0.05 (AUD), Cash Dividend, Aug-30-2021

Negative

Evolution Mining Limited Announces Full Franked Ordinary Distribution for the Period of Six Months Ended June 30 , 2021, Payable on September 28, 2021

2021-08-18 22:52:00

Evolution Mining Limited announced full franked ordinary distribution of AUD 0.05000000 per share for the period of six months ended June 30, 2021. Ex Date is August 30, 2021, Record Date is August 31, 2021 and Payment Date is September 28, 2021.

Neutral

Evolution Mining Limited Provides Production Guidance for the Year 2022

2021-08-18 22:18:00

Evolution Mining Limited provided production guidance for the year 2022. For the year, the company expects gold production of 700,000 ounces to 760,000 ounces.

Positive

Evolution Mining Limited (ASX:EVN) completed the acquisition of Kundana Assets Of Northern Star Resources Limited from Northern Star Resources Limited (ASX:NST).

2021-08-18 00:00:00

Evolution Mining Limited (ASX:EVN) agreed to acquire Kundana Assets Of Northern Star Resources Limited from Northern Star Resources Limited (ASX:NST) for approximately AUD 400 million on July 22, 2021. The Acquisition Assets include 100% interest in the Kundana Operations, 100% interest in certain tenements comprising the Carbine Project, 75% interest in the West Kundana Joint Venture and 51% interest in the East Kundana Joint Venture. The consideration will be paid in cash. The transaction will be funded by an AUD 400 million fully underwritten institutional placement and is accompanied by a non-underwritten share purchase plan. Evolution will provide employment contracts to Northern Star’s employees and also assume liabilities for all transferring employees. The deal is subject to Ministerial consent to the transfer of six mining tenements. As on July 23, 2021, the transaction received approval under the WA Mining Act to transfer legal title of certain of the Acquisition Assets to Evolution. Thus the transaction becomes unconditional. The transaction is expected to be completed in late August 2021. As of July 23, 2021, completion will occur in approximately 20 business days, on a date to be agreed by Northern Star and Evolution. Proceeds from the sale will be invested in advancing Northern Star’s pipeline of growth projects. Sternship Advisers Pty Ltd. acted as financial advisor to Northern Star Resources Limited and Ashurst Australia acted as legal advisor. Treadstone Resource Partners Pty Ltd acted as financial advisor to Evolution Mining Limited and Allens acted as legal advisor. Evolution Mining Limited (ASX:EVN) completed the acquisition of Kundana Assets Of Northern Star Resources Limited from Northern Star Resources Limited (ASX:NST) on August 18, 2021.

Neutral

Evolution Mining Limited, 2021 Earnings Call, Aug 19, 2021

2021-08-17 01:37:00

Evolution Mining Limited, 2021 Earnings Call, Aug 19, 2021

Positive

Evolution Mining Limited announced that it expects to receive $550 million in funding

2021-08-12 00:00:00

Evolution Mining Limited announced a private placement of 2.83% debt maturing November 2028 for gross proceeds of $200 million and 3.17% debt maturing November 2031 for gross proceeds of $350 million; for an aggregate gross proceeds of $550 million on August 12, 2021. The transaction is subject to standard closing conditions with proceeds expected to be drawn in early November 2021. The company has entered into cross currency swaps to hedge the US dollar exposure.

Neutral

Evolution Mining Limited Presents at Gold Events Virtual Gold Conference, Aug-19-2021 02:00 PM

2021-08-06 10:42:00

Evolution Mining Limited Presents at Gold Events Virtual Gold Conference, Aug-19-2021 02:00 PM. Speakers: Jacob Klein, Executive Chairman.

Neutral

Symposium Events Pty Ltd, Gold Events Virtual Gold Conference, Aug 19, 2021

2021-07-30 13:58:00

Symposium Events Pty Ltd, Gold Events Virtual Gold Conference, Aug 19, 2021.

Neutral

Evolution Mining Limited Presents at Mines and Money Online Connect, Aug-31-2021

2021-07-27 09:28:00

Evolution Mining Limited Presents at Mines and Money Online Connect, Aug-31-2021 . Speakers: Jake Klein, Executive Chairman.

Negative

Evolution Mining Limited has completed a Follow-on Equity Offering in the amount of AUD 400 million.

2021-07-23 00:00:00

Evolution Mining Limited has completed a Follow-on Equity Offering in the amount of AUD 400 million. Security Name: Ordinary Shares Security Type: Common Stock Securities Offered: 103,896,104 Price\Range: AUD 3.85 Discount Per Security: AUD 0.05775 Transaction Features: Subsequent Direct Listing

Negative

Evolution Mining Limited has filed a Follow-on Equity Offering in the amount of AUD 400 million.

2021-07-22 00:00:00

Evolution Mining Limited has filed a Follow-on Equity Offering in the amount of AUD 400 million. Security Name: Ordinary Shares Security Type: Common Stock Securities Offered: 103,896,104 Price\Range: AUD 3.85 Discount Per Security: AUD 0.05775 Transaction Features: Subsequent Direct Listing

Negative

Evolution Mining Limited has filed a Follow-on Equity Offering in the amount of AUD 50.05 million.

2021-07-22 00:00:00

Evolution Mining Limited has filed a Follow-on Equity Offering in the amount of AUD 50.05 million. Security Name: Ordinary Shares Security Type: Common Stock Securities Offered: 13,000,000 Price\Range: AUD 3.85

Positive

Evolution Mining Limited (ASX:EVN) agreed to acquire Kundana Assets Of Northern Star Resources Limited from Northern Star Resources Limited (ASX:NST) for approximately AUD 400 million.

2021-07-22 00:00:00

Evolution Mining Limited (ASX:EVN) agreed to acquire Kundana Assets Of Northern Star Resources Limited from Northern Star Resources Limited (ASX:NST) for approximately AUD 400 million on July 22, 2021. The Acquisition Assets include 100% interest in the Kundana Operations, 100% interest in certain tenements comprising the Carbine Project, 75% interest in the West Kundana Joint Venture and 51% interest in the East Kundana Joint Venture. The consideration will be paid in cash. The transaction will be funded by an AUD 400 million fully underwritten institutional placement and is accompanied by a non-underwritten share purchase plan. Evolution will provide employment contracts to Northern Star’s employees and also assume liabilities for all transferring employees. The deal is subject to Ministerial consent to the transfer of six mining tenements. As on July 23, 2021, the transaction received approval under the WA Mining Act to transfer legal title of certain of the Acquisition Assets to Evolution. Thus the transaction becomes unconditional. The transaction is expected to be completed in late August 2021. As of July 23, 2021, completion will occur in approximately 20 business days, on a date to be agreed by Northern Star and Evolution. Proceeds from the sale will be invested in advancing Northern Star’s pipeline of growth projects. Sternship Advisers Pty Ltd. acted as financial advisor to Northern Star Resources Limited and Ashurst Australia acted as legal advisor. Treadstone Resource Partners Pty Ltd acted as financial advisor to Evolution Mining Limited and Allens acted as legal advisor.

Neutral

Evolution Mining Limited - Special Call

2021-07-22 00:00:00

To discuss plan with the announcement of acquiring the Kundana assets from Northern Star

Neutral

Evolution Mining Limited to Report Fiscal Year 2021 Final Results on Oct 18, 2021

2021-07-21 20:31:00

Evolution Mining Limited announced that they will report fiscal year 2021 final results on Oct 18, 2021

Negative

Evolution Mining Limited Expects Final Dividend for Fiscal 2021

2021-07-16 01:01:00

Subject to finalizing the fiscal 2021 financials, Evolution Mining Limited expect final dividend to be in the range of $0.04 to $0.06 per share. This remains subject to Board approving and declaring any dividend.

Positive

Evolution Mining Limited Approves, Subject to Receipt of Final Regulatory Approval, the Development of the Cowal Underground Mine and A Clear and Defined Pathway to Grow Gold Production at Red Lake to 350,000 Ounces Per Annum

2021-07-15 22:24:00

Evolution Mining Limited announced that Board has approved, subject to receipt of final regulatory approval, the development of the Cowal underground mine and a clear and defined pathway to grow gold production at Red Lake to 350,000 ounces per annum. The addition of a new mining front at Cowal provides a higher-grade ore source that will be blended with the current E42 open pit and stockpiled ore. The Feasibility Study demonstrated a robust investment case, with an Internal Rate of Return of 15% and a mine life of approximately 17 years. Peak mine production is achieved over a seven-year period after a three-year ramp up. Capital required to reach commercial production of AUD 380 million will be invested during the 2022 and 2023 financial years with AUD 240 million for surface infrastructure, paste plant, process plant modifications and accommodation village, and AUD 140 million of initial mine development costs. During the public exhibition process strong community support was received for the project. The regulatory approval process is progressing well with draft consent conditions received. Primary approvals are expected in the current quarter. Development of the Galway decline is ongoing, with completion targeted for the December 2021 quarter. Activities will then transition to the development of the mine. First production ore is targeted for the March 2023 quarter which coincides with the commissioning of the paste plant. Evolution's Board has approved a clear and defined program to grow gold production at Red Lake to 350,000 ounces per annum by FY26. The Stage One transformation to produce 200,000 ounces per annum at an AISC of less than USD 1,000 per ounce remains on track with the operation successfully achieving production and cost guidance in the 2021 financial year. Red Lake's growth plans to deliver value from of its 11Moz Mineral Resource have now been accelerated with the completion of the Battle North acquisition in May 2021. Investment in the operation in the coming years is appropriate to extend Red Lake's mine life to beyond 15 years and enable a production to ramp up targeting 350,000 ounces per annum by FY26. Mining activities are focused on achieving a consistent underground development rate of 1,200m per month in the lower areas of the mine to enable the operation to produce ~850ktpa of ore from the existing operations. The development of the Campbell Young Dickenson (CYD) decline is progressing well and is planned to enable 750kt of ore to be mined from Upper Campbell in FY24 which will ramp up to over 1Mtpa by FY26. Development work at McFinley will take place in FY22 to support a bulk sample. Campbell mill expansion studies have commenced which are aimed at increasing total milling capacity at the Red Lake Operations to over 1.5Mtpa within the next three years. Beyond FY24, an expansion of the Bateman mill to 900ktpa is expected to increase the combined long-term milling capacity of the operation to over 2.0Mtpa. Investment in upgrading and consolidating Tailings Storage Facilities (TSF) will commence in FY22 to support the mill upgrades.

Neutral

Evolution Mining Limited, Q4 2021 Earnings Call, Jul 16, 2021

2021-07-13 22:24:00

Evolution Mining Limited, Q4 2021 Earnings Call, Jul 16, 2021

Neutral

Beacon Events Ltd., Mines and Money Online Connect, Aug 31, 2021 through Sep 02, 2021

2021-07-07 14:41:00

Beacon Events Ltd., Mines and Money Online Connect, Aug 31, 2021 through Sep 02, 2021. Mines and Money is Europe's largest mining investment event bringing together miners, investors, financiers, and industry professionals to network, hear market analysis and compare investment opportunities.

Neutral

Evolution Mining Limited Presents at Diggers and Dealers Mining Forum, Aug-03-2021 09:50 AM

2021-06-30 19:09:00

Evolution Mining Limited Presents at Diggers and Dealers Mining Forum, Aug-03-2021 09:50 AM. Venue: Goldfields Arts Centre, Cheetham Street, Kalgoolie, Western Australia, Australia. Speakers: Jake Klein, Executive Chairman.

Fundamental Summary

Evolution published its Q4 report on 2022-02-15 with positive results, but no significant factors particularly remarkable relative to its peers. We do believe, though, that macro-related market conditions will influence its performance more significantly than its individual results. As such, Evolution received an overall score of 64 and a HOLD recommendation.

Evolution reported production results of the year ended June 30, 2021. For the year, the company reported gold production of 680,788 ounces compared to 746,463 ounces a year ago.

Business Description

Evolution engages in the exploration, mine development, mine operations, and sale of gold and gold/copper concentrates in Australia and Canada. The company also explores for copper and silver deposits. As of June 30, 2021, it operated five gold mines, such as Cowal in New South Wales; Mt Carlton and Mt Rawdon in Queensland; Mungari in Western Australia; and Red Lake in Ontario. The company also holds an economic interest in the Ernest Henry copper-gold operation in Queensland; and a 100% interest in the Crush Creek project located southeast of the Mt Carlton Operation in Queensland. In addition, it holds a 100% interest in the Kundana Operations; a 51% interest in the East Kundana Joint Venture; a 100% interest in the certain tenements comprising the Carbine project; and a 75% interest in the West Kundana Joint Venture. The company was formerly known as Catalpa Resources Limited and changed its name to Evolution in November 2011. Evolution was incorporated in 1998 and is based in Sydney, Australia.

Sector Overview

Evolution is included in the Metals & Mining according to GICS (global industry classification standard). The Metals & Mining industry is included in the Materials sector. It includes the producers of aluminum, iron, steel, gold, other diversified metals and minerals, and their related products, as well as the mining and production the above materials. Evolution's industry and sector affiliation are expected to negatively affect their likelihood to overperform the market in the upcoming period, as other sectors appear more likely to benefit from the macroeconomic environment we see now.

Fundamental Highlights


Parameter Value Change Score
Assets 5,521.4 39.5% 57
Liabilities 2,509.6 76.5% 47
Price to Book 2.6 -15.1% 54
Cash & Equivalents 1,150.3 618.7% 96
Equity 3,011.8 18.8% 76
EBITDA 808.9 -11.5% 46
Total Revenues 1,780.5 -4.5% 94
Parameter Value Change Score
Return on Equity 7.5 -45.6% 43
Net Cashflow 712.2 435.1% 54
Capital Expenditure -527.4 -20.6% 61
Asset Turnover 0.4 -20.6% 39
Free Cashflow 0.1 -65.4% 49

* All values are TTM

The below chart reflects Evolution's birds-eye view on its performance with respect to its peers, the company's fillings as reported or to a similar industry, market cap, and country of origin. While Evolution's peer average final assessment score stands on 68.0, Evolution's score is 64.

  •  EVN
  •  Peers average
Name Market Cap Balance Sheet Income Statement Cash Flow Rating Final Assessment mc_sort Hidden
BHP Group Limited 208.5B 58 71 75
Hold
69
69 0 1
Fortescue Metals Group Limited 55.0B 65 67 75
Hold
68
68 1 1
Newcrest Mining Limited 19.4B 52 66 57
Underperform
56
56 2 1
South32 Limited 18.7B 84 72 78
Buy
82
82 3 1
Mineral Resources Limited 9.2B 55 63 61
Underperform
56
56 4 1
Lynas Rare Earths Limited 8.3B 70 69 70
Hold
71
71 5 1
Northern Star Resources Limited 8.2B 56 56 73
Underperform
55
55 6 1
IGO Limited 7.8B 50 78 72
Hold
71
71 7 1
BlueScope Steel Limited 7.3B 85 72 52
Hold
72
72 8 1
Pilbara Minerals Limited 6.9B 86 69 86
Buy
83
83 9 1
Allkem Limited 6.9B 57 61 82
Hold
65
65 10 1
OZ Minerals Limited 6.2B 74 66 78
Hold
74
74 11 1
Alumina Limited 4.4B 50 79 72
Hold
70
70 12 1
OZ Minerals Holdings Pty Ltd 4.0B 84 61 50
Hold
73
73 13 1
Iluka Resources Limited 3.9B 77 60 74
Hold
68
68 14 1
Andean Resources Ltd. 3.7B 86 97 41
Buy
84
84 15 1
Coronado Global Resources Inc. 2.9B 83 74 81
Strong Buy
87
87 16 1
Nickel Industries Limited 2.8B 54 60 70
Underperform
56
56 17 1
AVZ Minerals Limited 2.8B 95 68 58
Hold
75
75 18 1
Sims Limited 2.7B 68 69 82
Hold
74
74 19 1
Zimplats Holdings Limited 2.6B 77 68 64
Hold
71
71 20 1
Liontown Resources Limited 2.4B 81 84 62
Buy
84
84 21 1
Perseus Mining Limited 2.3B 81 65 83
Hold
77
77 22 1
Deterra Royalties Limited 2.3B 77 61 75
Hold
69
69 23 1
Sandfire Resources Limited 1.9B 82 69 76
Buy
79
79 24 1
Core Lithium Ltd 1.8B 83 70 69
Hold
76
76 25 1
Chalice Mining Limited 1.5B 54 81 55
Hold
67
67 26 1
Grange Resources Limited 1.5B 65 64 73
Hold
66
66 27 1
Capricorn Metals Ltd 1.3B 86 69 82
Buy
82
82 28 1
West African Resources Limited 1.3B 87 59 66
Hold
68
68 29 1
Silver Lake Resources Limited 1.2B 66 63 58
Hold
62
62 30 1
De Grey Mining Limited 1.2B 66 47 73
Underperform
53
53 31 1
Gold Road Resources Limited 1.2B 64 67 56
Hold
63
63 32 1
Lake Resources NL 1.2B 66 73 68
Hold
71
71 33 1
Sayona Mining Limited 1.2B 66 73 68
Hold
71
71 34 1
Regis Resources Limited 1.1B 53 53 69
Underperform
50
50 35 1
Piedmont Lithium Inc. 1.1B 88 77 60
Buy
84
84 36 1
5E Advanced Materials Inc. 927.2M 47 58 61
Underperform
51
51 37 1
ioneer Ltd 867.9M 85 69 51
Hold
70
70 38 1
Syrah Resources Limited 856.9M 49 50 69
Underperform
46
46 39 1
Equigold NL 854.0M 50 65 87
Hold
67
67 40 1
Ramelius Resources Limited 828.4M 56 68 62
Hold
60
60 41 1
Vulcan Energy Resources Limited 826.7M 67 78 71
Hold
77
77 42 1
Jervois Global Limited 813.1M 78 71 54
Hold
72
72 43 1
Mincor Resources NL 808.9M 62 77 57
Hold
67
67 44 1
Imdex Limited 796.9M 71 56 74
Hold
70
70 45 1
Bellevue Gold Limited 722.0M 84 69 54
Hold
70
70 46 1
St Barbara Limited 701.5M 53 70 56
Underperform
59
59 47 1
Emerald Resources NL 679.4M 60 68 84
Hold
70
70 48 1
Red 5 Limited 671.6M 47 75 59
Hold
61
61 49 1
Boart Longyear Group Ltd. 651.0M 60 74 68
Hold
69
69 50 1
Mount Gibson Iron Limited 629.5M 48 78 64
Hold
66
66 51 1
Westgold Resources Limited 575.3M 54 65 63
Underperform
58
58 52 1
OM Holdings Limited 563.6M 84 75 82
Buy
85
85 53 1
Australian Strategic Materials Ltd 540.9M 51 74 72
Hold
67
67 54 1
Neometals Ltd 531.9M 60 72 60
Hold
65
65 55 1
Adriatic Metals PLC 528.8M 66 73 68
Hold
71
71 56 1
Argosy Minerals Limited 467.8M 66 73 68
Hold
71
71 57 1
Perenti Global Limited 461.4M 60 78 67
Hold
72
72 58 1
Champion Iron Limited 441.1M 58 71 55
Hold
64
64 59 1
Panoramic Resources Limited 420.4M 58 71 67
Hold
66
66 60 1
Hastings Technology Metals Limited 404.8M 65 68 67
Hold
68
68 61 1
Alkane Resources Limited 402.0M 78 70 68
Hold
73
73 62 1
Centaurus Metals Limited 397.2M 66 73 68
Hold
71
71 63 1
Bowen Coking Coal Limited 385.5M 66 73 68
Hold
71
71 64 1
Jupiter Mines Limited 372.2M 66 81 50
Hold
64
64 65 1
Galan Lithium Limited 362.2M 66 73 68
Hold
71
71 66 1
Talga Group Ltd 359.9M 53 60 62
Underperform
53
53 67 1
BCI Minerals Limited 349.8M 71 68 60
Hold
66
66 68 1
Metals X Limited 344.8M 68 87 68
Buy
82
82 69 1
Pantoro Limited 330.8M 66 73 68
Hold
71
71 70 1
Aurelia Metals Limited 327.8M 65 58 60
Underperform
56
56 71 1
Macmahon Holdings Limited 283.7M 68 65 62
Hold
66
66 72 1
Lotus Resources Limited 277.3M 66 73 68
Hold
71
71 73 1
Firefinch Limited 236.2M 66 73 68
Hold
71
71 74 1
Andromeda Metals Limited 229.8M 66 73 68
Hold
71
71 75 1

Technical Analysis

When trying to optimize the timing of an investment, it's critical to analyze whether the stock looks overbought or oversold, and in which direction the momentum is moving. Evolution's stock is now priced below its 5-day, 50-day, and 200-day moving average, while its MACD (moving average convergence divergence) indicates that the stock's price movement momentum is weakening. Historically, this is a negative setup in the near, medium, and long-term. The company is trading near it's 12-month low, which signals it struggle to keep above it support price. Meanwhile, looking at the Stochastic Oscillator and RSI (relative strength index), Evolution's stock indicates that it's likely oversold. Overall, these technical indicators signal negative momentum. Therefore, this stock received a cumulative TA (technical analysis) score of 42.

Bearish 42
Close Price 2.58
52W Low 2.58
52W High 4.95
5D MA 3.09
50D MA 3.7
200D MA 3.91
MACD -0.21
RSI 18.14
STOCH 0.0

Balance Sheet Analysis

Overall, Evolution's critical balance sheet metrics appear to signal strong support and a high likelihood of positive growth going forward. Evolution's management was effective in improving its cash and cash equivalents metrics, which now sit at 1150.3. This represents 618.7% change from the last reporting period. Its impressive cash and cash equivalents metrics should support upward pressure on its's stock price. The company's cash and cash equivalents movement, therefore, received a grade of 96. Also, Evolution reported solid equity numbers this period. At filing, equity was reported as 3011.8, representing 18.8% change from the previous period. Companies in the same sector and market capitalization will usually be affected by up to 5.9 percent by this parameter. These metrics are all the more impressive relative to their peers and should support an upswing in their stock price. Therefore, its equity movement component earned a score of 76. However, one discouraging result, Liabilities, stood out. Evolution's liabilities stood at 2509.6 in the current filing, which represents a 76.5% change from the previous report. Evolution's liabilities changes appear mediocre compared to their peers. Contextually, they convey that management finds balancing asset growth, resource allocation, and liabilities challenging. Discouraging results like these statistically lead to negative movement in stock prices, so we rated their liabilities movement component 47. Their balance sheet received an overall score of 82.

Parameter Value Change Score
Assets 5,521.4 39.5% 57
Liabilities 2,509.6 76.5% 47
Price to Book 2.6 -15.1% 54
Cash & Equivalents 1,150.3 618.7% 96
Equity 3,011.8 18.8% 76
* All values are TTM

The below chart describes Evolution's performance as reflected on its balance sheet with respect to its peers. While Evolution received a balance sheet score of 82, the average of its peers stands on 67.0.

  •  EVN
  •  Peers average
Name Market Cap Liabilities Movement Asset Change Equity/Intangibles Adjustments Cash & Equivalents Book Value Momentum Balance Sheet mc_sort Hidden
BHP Group Limited 208.5B 74 92 47 52 76 58 0 1
Fortescue Metals Group Limited 55.0B 83 66 68 55 69 65 1 1
Newcrest Mining Limited 19.4B 85 72 46 46 73 52 2 1
South32 Limited 18.7B 74 73 80 79 74 84 3 1
Mineral Resources Limited 9.2B 83 73 52 42 90 55 4 1
Lynas Rare Earths Limited 8.3B 74 59 77 62 68 70 5 1
Northern Star Resources Limited 8.2B 87 70 56 48 65 56 6 1
IGO Limited 7.8B 43 37 80 42 63 50 7 1
BlueScope Steel Limited 7.3B 64 75 87 90 68 85 8 1
Pilbara Minerals Limited 6.9B 87 59 81 87 56 86 9 1
Allkem Limited 6.9B 53 64 44 65 89 57 10 1
OZ Minerals Limited 6.2B 87 72 72 69 72 74 11 1
Alumina Limited 4.4B 51 69 50 46 84 50 12 1
OZ Minerals Holdings Pty Ltd 4.0B 81 62 51 97 87 84 13 1
Iluka Resources Limited 3.9B 76 66 87 69 53 77 14 1
Andean Resources Ltd. 3.7B 70 37 60 97 92 86 15 1
Coronado Global Resources Inc. 2.9B 44 56 87 85 71 83 16 1
Nickel Industries Limited 2.8B 41 44 72 50 70 54 17 1
AVZ Minerals Limited 2.8B 99 56 82 98 66 95 18 1
Sims Limited 2.7B 85 72 83 49 57 68 19 1
Zimplats Holdings Limited 2.6B 80 69 68 76 73 77 20 1
Liontown Resources Limited 2.4B 43 55 82 97 37 81 21 1
Perseus Mining Limited 2.3B 81 70 73 82 66 81 22 1
Deterra Royalties Limited 2.3B 99 79 61 75 68 77 23 1
Sandfire Resources Limited 1.9B 41 64 87 87 73 82 24 1
Core Lithium Ltd 1.8B 37 55 82 94 66 83 25 1
Chalice Mining Limited 1.5B 98 78 39 46 89 54 26 1
Grange Resources Limited 1.5B 54 70 51 71 92 65 27 1
Capricorn Metals Ltd 1.3B 69 59 81 91 65 86 28 1
West African Resources Limited 1.3B 92 56 81 92 42 87 29 1
Silver Lake Resources Limited 1.2B 69 62 62 71 57 66 30 1
De Grey Mining Limited 1.2B 44 49 79 69 48 66 31 1
Gold Road Resources Limited 1.2B 83 72 56 65 60 64 32 1
Lake Resources NL 1.2B 78 74 55 64 78 66 33 1
Sayona Mining Limited 1.2B 78 74 55 64 78 66 34 1
Regis Resources Limited 1.1B 77 74 51 48 63 53 35 1
Piedmont Lithium Inc. 1.1B 97 54 82 97 39 88 36 1
5E Advanced Materials Inc. 927.2M 44 83 54 45 37 47 37 1
ioneer Ltd 867.9M 98 56 80 86 52 85 38 1
Syrah Resources Limited 856.9M 63 75 38 46 94 49 39 1
Equigold NL 854.0M 57 46 86 50 45 50 40 1
Ramelius Resources Limited 828.4M 67 41 78 48 49 56 41 1
Vulcan Energy Resources Limited 826.7M 39 53 80 74 41 67 42 1
Jervois Global Limited 813.1M 71 71 44 94 95 78 43 1
Mincor Resources NL 808.9M 83 78 43 62 56 62 44 1
Imdex Limited 796.9M 59 69 83 61 75 71 45 1
Bellevue Gold Limited 722.0M 96 56 81 87 42 84 46 1
St Barbara Limited 701.5M 80 69 51 49 61 53 47 1
Emerald Resources NL 679.4M 51 58 80 51 57 60 48 1
Red 5 Limited 671.6M 49 45 39 55 96 47 49 1
Boart Longyear Group Ltd. 651.0M 85 79 39 60 87 60 50 1
Mount Gibson Iron Limited 629.5M 94 76 39 41 74 48 51 1
Westgold Resources Limited 575.3M 77 65 55 47 73 54 52 1
OM Holdings Limited 563.6M 84 69 84 81 50 84 53 1
Australian Strategic Materials Ltd 540.9M 44 69 55 46 84 51 54 1
Neometals Ltd 531.9M 97 77 46 50 97 60 55 1
Adriatic Metals PLC 528.8M 78 74 55 64 78 66 56 1
Argosy Minerals Limited 467.8M 78 74 55 64 78 66 57 1
Perenti Global Limited 461.4M 68 71 51 61 74 60 58 1
Champion Iron Limited 441.1M 66 49 73 47 67 58 59 1
Panoramic Resources Limited 420.4M 78 75 43 58 85 58 60 1
Hastings Technology Metals Limited 404.8M 75 72 56 67 67 65 61 1
Alkane Resources Limited 402.0M 45 56 83 88 40 78 62 1
Centaurus Metals Limited 397.2M 78 74 55 64 78 66 63 1
Bowen Coking Coal Limited 385.5M 78 74 55 64 78 66 64 1
Jupiter Mines Limited 372.2M 63 93 46 52 80 66 65 1
Galan Lithium Limited 362.2M 78 74 55 64 78 66 66 1
Talga Group Ltd 359.9M 90 78 38 45 95 53 67 1
BCI Minerals Limited 349.8M 86 73 58 67 82 71 68 1
Metals X Limited 344.8M 90 77 50 67 80 68 69 1
Pantoro Limited 330.8M 78 74 55 64 78 66 70 1
Aurelia Metals Limited 327.8M 85 69 59 60 72 65 71 1
Macmahon Holdings Limited 283.7M 47 61 72 78 44 68 72 1
Lotus Resources Limited 277.3M 78 74 55 64 78 66 73 1
Firefinch Limited 236.2M 78 74 55 64 78 66 74 1
Andromeda Metals Limited 229.8M 78 74 55 64 78 66 75 1

Income Statement Analysis

Evolution seems to be balancing strong Revenue Efficiency and EBITDA along with an overall impressive positive income statement. Evolution did an excellent job managing its revenue efficiency this past period. Evolution's revenue efficiency is 1780.5 according to the metrics in the current filing, which represents a -4.5% change from the previous report. This parameter often affects companies in the same industry and market capitalization by up to 24.0%. Their industry-leading revenue efficiency makes a strong case for upward pressure on its's stock price. The company's revenue efficiency, therefore, received a grade of 94. Also, Evolution's management was effective in improving its EBIDTA, which now sits at 808.9 and represents a -11.5% change from the last reporting period. Companies in the same industry and market capitalization are typically affected by this parameter by up to 20.0%. The company is headed in the right direction regarding EBITDA, exhibiting efficient capital controls and strong overall financial performance. The company's EBITDA movement, therefore, received a grade of 46. On the other hand, Return Factors, jumped out as looking problematic. In this filing, Evolution reported a return on equity (ROE) ratio of 7.5, which represents a growth of -45.6%. This metric might have a 10.6 percent impact on companies in the same industry and with the same market capitalization. They does not yet appear to be headed in the right direction regarding these return on equity and return on assets metrics. Consequently, their return factors received a grade of 43. Because its management is doing an excellent job managing these critical metrics, the income statement was given a score of 64.

Parameter Value Change Score
EBITDA 808.9 -11.5% 46
Total Revenues 1,780.5 -4.5% 94
Return on Equity 7.5 -45.6% 43
* All values are TTM

The below chart describes Evolution's performance as reflected on its income statement with respect to its peers. While Evolution received a income statement score of 64 , the average of its peers stands on 71.0.

  •  EVN
  •  Peers average
Name Market Cap Revenue Momentum Earning Movement Return Factors Momentum Income Statement mc_sort Hidden
BHP Group Limited 208.5B 64 79 79 71 0 1
Fortescue Metals Group Limited 55.0B 58 78 75 67 1 1
Newcrest Mining Limited 19.4B 95 45 48 66 2 1
South32 Limited 18.7B 47 94 95 72 3 1
Mineral Resources Limited 9.2B 94 42 44 63 4 1
Lynas Rare Earths Limited 8.3B 50 91 83 69 5 1
Northern Star Resources Limited 8.2B 48 66 68 56 6 1
IGO Limited 7.8B 98 72 48 78 7 1
BlueScope Steel Limited 7.3B 86 71 66 72 8 1
Pilbara Minerals Limited 6.9B 38 96 96 69 9 1
Allkem Limited 6.9B 46 75 74 61 10 1
OZ Minerals Limited 6.2B 48 82 82 66 11 1
Alumina Limited 4.4B 87 73 76 79 12 1
OZ Minerals Holdings Pty Ltd 4.0B 39 88 45 61 13 1
Iluka Resources Limited 3.9B 50 62 89 60 14 1
Andean Resources Ltd. 3.7B 37 89 91 97 15 1
Coronado Global Resources Inc. 2.9B 39 98 97 74 16 1
Nickel Industries Limited 2.8B 66 61 55 60 17 1
AVZ Minerals Limited 2.8B 87 63 41 68 18 1
Sims Limited 2.7B 45 90 92 69 19 1
Zimplats Holdings Limited 2.6B 94 50 52 68 20 1
Liontown Resources Limited 2.4B 87 78 91 84 21 1
Perseus Mining Limited 2.3B 42 88 83 65 22 1
Deterra Royalties Limited 2.3B 45 83 66 61 23 1
Sandfire Resources Limited 1.9B 64 73 74 69 24 1
Core Lithium Ltd 1.8B 87 47 81 70 25 1
Chalice Mining Limited 1.5B 99 65 76 81 26 1
Grange Resources Limited 1.5B 74 61 61 64 27 1
Capricorn Metals Ltd 1.3B 37 98 97 69 28 1
West African Resources Limited 1.3B 43 84 63 59 29 1
Silver Lake Resources Limited 1.2B 95 42 41 63 30 1
De Grey Mining Limited 1.2B 44 45 76 47 31 1
Gold Road Resources Limited 1.2B 94 48 49 67 32 1
Lake Resources NL 1.2B 87 62 66 73 33 1
Sayona Mining Limited 1.2B 87 62 66 73 34 1
Regis Resources Limited 1.1B 65 50 45 53 35 1
Piedmont Lithium Inc. 1.1B 87 63 68 77 36 1
5E Advanced Materials Inc. 927.2M 74 37 56 58 37 1
ioneer Ltd 867.9M 87 55 60 69 38 1
Syrah Resources Limited 856.9M 38 67 62 50 39 1
Equigold NL 854.0M 79 44 91 65 40 1
Ramelius Resources Limited 828.4M 94 51 48 68 41 1
Vulcan Energy Resources Limited 826.7M 87 67 84 78 42 1
Jervois Global Limited 813.1M 37 94 93 71 43 1
Mincor Resources NL 808.9M 98 57 59 77 44 1
Imdex Limited 796.9M 77 60 56 56 45 1
Bellevue Gold Limited 722.0M 87 44 83 69 46 1
St Barbara Limited 701.5M 93 56 53 70 47 1
Emerald Resources NL 679.4M 37 96 94 68 48 1
Red 5 Limited 671.6M 95 58 66 75 49 1
Boart Longyear Group Ltd. 651.0M 93 58 67 74 50 1
Mount Gibson Iron Limited 629.5M 99 62 66 78 51 1
Westgold Resources Limited 575.3M 84 58 43 65 52 1
OM Holdings Limited 563.6M 50 96 97 75 53 1
Australian Strategic Materials Ltd 540.9M 91 62 66 74 54 1
Neometals Ltd 531.9M 87 66 56 72 55 1
Adriatic Metals PLC 528.8M 87 62 66 73 56 1
Argosy Minerals Limited 467.8M 87 62 66 73 57 1
Perenti Global Limited 461.4M 73 81 87 78 58 1
Champion Iron Limited 441.1M 95 50 45 71 59 1
Panoramic Resources Limited 420.4M 95 50 62 71 60 1
Hastings Technology Metals Limited 404.8M 90 51 53 68 61 1
Alkane Resources Limited 402.0M 68 74 74 70 62 1
Centaurus Metals Limited 397.2M 87 62 66 73 63 1
Bowen Coking Coal Limited 385.5M 87 62 66 73 64 1
Jupiter Mines Limited 372.2M 96 46 50 81 65 1
Galan Lithium Limited 362.2M 87 62 66 73 66 1
Talga Group Ltd 359.9M 87 40 47 60 67 1
BCI Minerals Limited 349.8M 94 47 56 68 68 1
Metals X Limited 344.8M 94 84 79 87 69 1
Pantoro Limited 330.8M 87 62 66 73 70 1
Aurelia Metals Limited 327.8M 68 58 49 58 71 1
Macmahon Holdings Limited 283.7M 88 51 48 65 72 1
Lotus Resources Limited 277.3M 87 62 66 73 73 1
Firefinch Limited 236.2M 87 62 66 73 74 1
Andromeda Metals Limited 229.8M 87 62 66 73 75 1

Cash Flow Analysis

Evolution's most recent cash flow report was not encouraging. Evolution's asset turnover numbers were discouraging, reflecting significant concerns related to management's ability to leverage assets to generate sales effectively and efficiently. Evolution recorded asset turnover of 0.4, which represents a -20.6% change from the previous report. Companies in the same industry and market capitalization are typically affected by this parameter by up to 2.7%. Their lackluster asset turnover metrics, specifically in contrast to leading industry peers' performance, could present significant headwinds. Underwhelming results in asset turnover metrics often lead to negative pressure in stock prices, so we rated its asset turnover momentum 39. Also, Evolution's published free cash flow numbers were subpar and could mean that management has lost focus on achieving healthy growth. Evolution recorded free cash flow of 0.1, which represents -65.4% growth from the previous report. Companies in the same sector and market capitalization will usually be affected by up to 4.3 percent by this parameter. These free cash flow numbers show that management has not been executing well in generating critical cash flow while also encouraging growth. Disappointing results in free cash flow often lead to negative pressure in stock prices, so we rated their free cash flow with a score of 49. However, one encouraging metric, Capex, stood out. Evolution's management did a great job this period managing its capital expenditure (CapEx). In terms of the raw numbers, CapEx was reported as -527.4, which represents a -20.6% change from the last period. This remarkable CapEx growth is expected to reinforce upward momentum for its's stock price going forward. Therefore, its CapEx movement component earned a score of 61. Because of these weaknesses, its cash flow received an overall score of 50.

Parameter Value Change Score
Net Cashflow 712.2 435.1% 54
Capital Expenditure -527.4 -20.6% 61
Asset Turnover 0.4 -20.6% 39
Free Cashflow 0.1 -65.4% 49
* All values are TTM

The below chart describes Evolution's performance as reflected on its cash flow with respect to its peers. While Evolution received a cash flow score of 50, the average of its peers stands on 68.0.

  •  EVN
  •  Peers average
Name Market Cap Cashflow Momentum Free Cashflow Growth Capital Expenditure Growth Assets Factors Momentum Cash Flow mc_sort Hidden
BHP Group Limited 208.5B 70 77 80 71 75 0 1
Fortescue Metals Group Limited 55.0B 74 78 69 74 75 1 1
Newcrest Mining Limited 19.4B 58 48 63 55 57 2 1
South32 Limited 18.7B 72 86 82 75 78 3 1
Mineral Resources Limited 9.2B 58 69 54 63 61 4 1
Lynas Rare Earths Limited 8.3B 78 63 76 58 70 5 1
Northern Star Resources Limited 8.2B 70 58 54 91 73 6 1
IGO Limited 7.8B 80 73 66 57 72 7 1
BlueScope Steel Limited 7.3B 48 47 56 70 52 8 1
Pilbara Minerals Limited 6.9B 87 97 76 78 86 9 1
Allkem Limited 6.9B 75 77 70 84 82 10 1
OZ Minerals Limited 6.2B 69 97 66 73 78 11 1
Alumina Limited 4.4B 68 74 76 70 72 12 1
OZ Minerals Holdings Pty Ltd 4.0B 49 86 84 39 50 13 1
Iluka Resources Limited 3.9B 75 84 52 74 74 14 1
Andean Resources Ltd. 3.7B 40 55 56 37 41 15 1
Coronado Global Resources Inc. 2.9B 77 86 53 93 81 16 1
Nickel Industries Limited 2.8B 75 63 76 61 70 17 1
AVZ Minerals Limited 2.8B 60 69 76 37 58 18 1
Sims Limited 2.7B 83 98 56 82 82 19 1
Zimplats Holdings Limited 2.6B 75 77 63 44 64 20 1
Liontown Resources Limited 2.4B 59 69 76 51 62 21 1
Perseus Mining Limited 2.3B 69 94 90 83 83 22 1
Deterra Royalties Limited 2.3B 77 88 96 51 75 23 1
Sandfire Resources Limited 1.9B 73 85 63 71 76 24 1
Core Lithium Ltd 1.8B 61 69 76 72 69 25 1
Chalice Mining Limited 1.5B 53 62 84 38 55 26 1
Grange Resources Limited 1.5B 75 79 76 62 73 27 1
Capricorn Metals Ltd 1.3B 81 83 81 79 82 28 1
West African Resources Limited 1.3B 73 84 42 58 66 29 1
Silver Lake Resources Limited 1.2B 63 53 64 47 58 30 1
De Grey Mining Limited 1.2B 80 69 76 61 73 31 1
Gold Road Resources Limited 1.2B 57 57 54 50 56 32 1
Lake Resources NL 1.2B 68 69 76 60 68 33 1
Sayona Mining Limited 1.2B 68 69 76 60 68 34 1
Regis Resources Limited 1.1B 65 76 68 69 69 35 1
Piedmont Lithium Inc. 1.1B 59 62 69 54 60 36 1
5E Advanced Materials Inc. 927.2M 55 48 71 71 61 37 1
ioneer Ltd 867.9M 47 57 54 51 51 38 1
Syrah Resources Limited 856.9M 59 58 43 98 69 39 1
Equigold NL 854.0M 91 69 72 84 87 40 1
Ramelius Resources Limited 828.4M 59 56 81 58 62 41 1
Vulcan Energy Resources Limited 826.7M 67 69 76 69 71 42 1
Jervois Global Limited 813.1M 43 51 38 82 54 43 1
Mincor Resources NL 808.9M 63 63 72 45 57 44 1
Imdex Limited 796.9M 71 72 79 73 74 45 1
Bellevue Gold Limited 722.0M 51 64 56 51 54 46 1
St Barbara Limited 701.5M 54 46 71 55 56 47 1
Emerald Resources NL 679.4M 84 81 80 81 84 48 1
Red 5 Limited 671.6M 68 49 48 59 59 49 1
Boart Longyear Group Ltd. 651.0M 62 74 81 63 68 50 1
Mount Gibson Iron Limited 629.5M 68 69 59 56 64 51 1
Westgold Resources Limited 575.3M 59 69 71 59 63 52 1
OM Holdings Limited 563.6M 75 90 90 75 82 53 1
Australian Strategic Materials Ltd 540.9M 72 69 76 69 72 54 1
Neometals Ltd 531.9M 62 54 71 52 60 55 1
Adriatic Metals PLC 528.8M 68 69 76 60 68 56 1
Argosy Minerals Limited 467.8M 68 69 76 60 68 57 1
Perenti Global Limited 461.4M 61 69 54 78 67 58 1
Champion Iron Limited 441.1M 56 69 51 49 55 59 1
Panoramic Resources Limited 420.4M 69 69 79 54 67 60 1
Hastings Technology Metals Limited 404.8M 65 68 74 57 67 61 1
Alkane Resources Limited 402.0M 69 58 68 71 68 62 1
Centaurus Metals Limited 397.2M 68 69 76 60 68 63 1
Bowen Coking Coal Limited 385.5M 68 69 76 60 68 64 1
Jupiter Mines Limited 372.2M 51 51 84 44 50 65 1
Galan Lithium Limited 362.2M 68 69 76 60 68 66 1
Talga Group Ltd 359.9M 53 48 76 70 62 67 1
BCI Minerals Limited 349.8M 62 54 76 49 60 68 1
Metals X Limited 344.8M 70 81 72 55 68 69 1
Pantoro Limited 330.8M 68 69 76 60 68 70 1
Aurelia Metals Limited 327.8M 72 58 54 49 60 71 1
Macmahon Holdings Limited 283.7M 72 53 46 57 62 72 1
Lotus Resources Limited 277.3M 68 69 76 60 68 73 1
Firefinch Limited 236.2M 68 69 76 60 68 74 1
Andromeda Metals Limited 229.8M 68 69 76 60 68 75 1

This report is intended for general guidance and information purposes only and under no circumstances is tailored to a specific factor or variable related to its reader or intended to be used or considered as financial or investment advice, a solicitation of any offer, a recommendation, or an offer to sell or buy any securities or other form of a financial asset. For the full disclaimer, click here.