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Evolution Mining Limited (CAHPF)

Überbewertet
Basic MaterialsGoldAustralia

Fundamental

68

Kurs

$13.08

Marktkapitalisierung

$27.97B

Teil 1 · Was das Unternehmen wert ist

Übersicht

Evolution Mining is an Australian miner that digs up and processes rock to extract gold, with copper as a significant byproduct at some of its mines. It operates a portfolio of underground and open-pit mines, including Cowal, Ernest Henry, Red Lake, Mungari and Northparkes, spanning Australia and Canada. It does not sell to a single end customer; it produces gold bullion and copper concentrate that are sold into global commodity markets at prevailing prices.

Wie das Geld verdient wird

Revenue is simply ounces of gold and tonnes of copper produced, multiplied by the market price on the day they are sold; Evolution has little influence over that price. Gold is the primary product across the portfolio, with copper — produced mainly at Ernest Henry and Cowal — a smaller but meaningful secondary contributor. Because mining and processing costs are largely fixed once a mine is running, profit is highly sensitive to swings in the gold and copper price.

Wettbewerbsvorteil

Kein erkennbarer Vorteil · Keiner

Gold and copper are undifferentiated commodities sold at a price set by global markets, not by Evolution. A mining company can have better or worse ore bodies and lower or higher costs than its peers, but it cannot charge more for its gold than anyone else does, so there is no durable competitive advantage in the way a brand or a patent provides one.

Was die Nachfrage antreibt

Zyklisch

Evolution's results move with global gold and copper prices, which themselves swing with macroeconomic cycles: gold tends to rise when investors seek a safe haven during uncertainty or falling real interest rates, while copper tracks industrial and construction activity worldwide. A period of high metal prices can lift profit sharply, and a downturn in prices compresses it just as fast, independent of how well the mines themselves are run.

Die Argumente dafür

Buyers argue that record gold and copper output, combined with strong metal prices, has already delivered record profit and a higher dividend, and that a long-life, multi-mine portfolio spread across two countries reduces the risk of any single operation disappointing.

Die Argumente dagegen

Sellers worry that today's record results depend on metal prices Evolution does not control and that could fall back, that mining carries operational risks such as lower ore grades or unexpected costs at any given site, and that a portfolio built around a handful of mines leaves less room to absorb a problem at one of them.

Written by the editors, published on 18. August 2026

Direct competitors

Who this company fights with for the same customers

Compare

Generated on 18. September 2026 with claude-haiku-4-5 — shared with all users

P/E: 14.6Score: 79Market cap: $122.28B

The world's largest gold miner, producing gold and copper from the Boddington and Tanami mines in Australia, the same metals and the same domestic operating ground as Evolution.

Northern Star Resources LimitedNST

The other large ASX-listed gold producer, mining the same Western Australian and multi-mine gold portfolio and competing with Evolution for the same ounces, assets, skilled workers and gold-equity investors.

Ramelius Resources LimitedRMS

A mid-tier Western Australian gold producer running the same hub-and-spoke model around Mt Magnet and Edna May, bidding against Evolution for Australian gold deposits and acquisitions.

Regis Resources LimitedRRL

An Australian pure-play gold producer with the Duketon operations and a stake in Tropicana, selling the same metal out of the same Australian cost base.

Genesis Minerals LimitedGMD

A fast-growing gold producer consolidating the Leonora district of Western Australia, competing directly with Evolution for regional gold assets and for the same investors in ASX gold stocks.

Bilanz & Liquidität

Umsatz

$5.59B

Letzte 12 Monate bis zum zuletzt gemeldeten Quartal — Schätzung aus Kennzahlen je Aktie

Nettogewinn

$1.49B

Letzte 12 Monate bis zum zuletzt gemeldeten Quartal — Schätzung aus Kennzahlen je Aktie

Freier Cashflow

$1.16B

Gesamtes Eigenkapital

$5.87B

Gesamtverbindlichkeiten

$1.44B

Current Ratio

1.82

Zinsdeckungsgrad

-

Schulden/EBITDA

0.46

Gewinn je Aktie

Umsatz & Nettogewinn

Freier Cashflow

Ertragsaufschlüsselung

Historische Aufstellung

Margen im Zeitverlauf

Verschuldung im Zeitverlauf

Wie schwer die Schulden wiegen

Wachstumsraster

Wachstum — Umsatz

Innerer-Wert-Schätzung

ZyklischÜberbewertet

Innerer Wert

$10.22

Aktueller Kurs

$13.08

Sicherheitsmarge

-28.0%

Innerer-Wert-Spanne

$6.65 - $13.80

Streubreite zwischen den verwendeten Bewertungsmethoden, kein statistisch kalibriertes Konfidenzintervall.

Bewertungsmethoden

Kursziel der Analysten:$13.48
Diskontierter Cashflow (DCF):Nicht anwendbar für diesen Unternehmenstyp
Gewinnmultiplikator (P/E):$10.89
Graham-Wachstumsformel:Nicht anwendbar für diesen Unternehmenstyp
Ertragskraftwert (EPV):$5.00
Gerechtfertigtes P/B:Nicht anwendbar für diesen Unternehmenstyp
Dividendendiskontierung (Gordon):Nicht anwendbar für diesen Unternehmenstyp
P/FFO, Funds from Operations:Nicht anwendbar für diesen Unternehmenstyp
Gewinn im Zyklusmittel:Nicht genügend Daten zur Berechnung
Umsatzmultiplikator:Nicht anwendbar für diesen Unternehmenstyp
Analystenkonsens:Halten (10B / 9H / 2S)
Letzte Gewinnüberraschung:-2.89%

Bewertungskennzahlen

P/E-Verhältnis

17.90

ROE

27.4%

P/B-Verhältnis

4.54

P/FCF

24.01

Bruttomarge

45.4%

ROIC

25.5%

Rentabilitäts-Radar

Wertschöpfung (Wettbewerbsvorteil)

ROIC

25.5%

WACC

16.2%

ROIC − WACC

+9.3 pp

Der ROIC übersteigt die Kapitalkosten: Das Unternehmen schafft Wert für die Aktionäre.

Fundamentalanalyse-Kriterien

Bestanden (15)

  • Price CAGR 20.46%
  • ROIC 25.5%
  • Gross Margin 45.4%
  • P/FCF 24.01
  • Debt/Equity ratio
  • Operating Margin 39.4%
  • Positive Free Cash Flow
  • Current Ratio
  • Debt/EBITDA
  • ROE 25.7%
  • Revenue Growth 5Y 24.4%
  • Earnings Surprise avg 13.0%
  • PEG Ratio 0.66
  • Earnings Quality (OCF/NI) 1.79
  • Net Margin Trend 26.5% vs 21.3%

Nicht bestanden (6)

  • P/B Ratio 4.54
  • CapEx intensity
  • Price below Graham Number
  • DCF valuation (Overvalued)
  • Analyst Consensus 48% Buy
  • Piotroski F-Score 2/9

Nicht verfügbar (6)

  • EPS data insufficient
  • Dividend Payout NaN%
  • Interest Coverage
  • Return on Tangible Assets
  • Low reliance on intangibles
  • Share Dilution (missing shares data)

Piotroski F-Score

2/9

Ernsthafte finanzielle Bedenken

score
criteria

Gewinnqualität

1.79

Hohe Qualität: Gewinne durch Cashflow gedeckt

Aktienverwässerung

-

Aktienrückkäufe. Aktionärsfreundlich

Institutionelle Beteiligungen

Für dieses Unternehmen liegen keine institutionellen Meldungen vor.

Unternehmensführung

Führungsteam

NamePositionAlter
Mr. Lawrence John Conway BBus, C.P.A., MAICDCEO, MD & Director-
Ms. Frances SummerhayesChief Financial Officer-
Mr. Matthew O'NeillChief Operating Officer-
Ms. Nancy GuayChief Technical Officer-
Peter O'ConnorGeneral Manager of Investor Relations-
Mr. Evan Elstein A.C.A., B.Com., FCIS, GradDipACGCompany Secretary and VP of IT, Communications & Corporate Affairs-
Mr. Kirron SchmidtVice President of Corporate Development-
Mr. Paul Eagle CAHRI, MNLPVice President of People & Culture-
Ms. Fiona MurfittVice President of Sustainability-

Prüfungsrisiko

2

Vorstandsrisiko

6

Vergütungsrisiko

9

Aktionärsrechterisiko

7

Teil 2 · Der Preis und der Einstiegszeitpunkt

Dieser Teil sagt nicht, ob das Unternehmen etwas taugt: Er hilft bei der Wahl des Kaufzeitpunkts, nachdem die Fundamentaldaten überzeugt haben. Enthalten: technische Analyse, Potenzial, historische Drawdowns, Gamma-Exposure.

Latest News

Recent headlines for CAHPF, sourced from Markets Gazette.

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