Evolution Mining Limited (CAHPF)
SurévaluéFondamental
68
Prix
$13.03
Capitalisation boursière
$27.97B
Partie 1 · Ce que vaut l'entreprise
Vue d'ensemble
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.
Comment l'entreprise gagne de l'argent
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.
Avantage concurrentiel
Aucun avantage identifié · AucunGold 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.
Ce qui stimule la demande
CycliqueEvolution'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.
Les arguments en faveur
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.
Les arguments contre
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 août 2026
Direct competitors
Who this company fights with for the same customers
Generated on 18 septembre 2026 with claude-haiku-4-5 — shared with all users
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.
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.
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.
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.
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.
Bilan & Liquidités
Chiffre d'affaires
$5.59B
12 derniers mois jusqu'au dernier trimestre publié — estimation à partir de ratios par action
Résultat net
$1.49B
12 derniers mois jusqu'au dernier trimestre publié — estimation à partir de ratios par action
Flux de trésorerie libre
$1.16B
Capitaux propres totaux
$5.87B
Passif total
$1.44B
Ratio de liquidité général
1.82
Couverture des intérêts
-
Dette/EBITDA
0.46
Bénéfice par action
Chiffre d'affaires & Résultat net
Flux de trésorerie libre
Décomposition du résultat
État historique
Marges dans le temps
La dette dans le temps
Le poids de la dette
Grille de la croissance
Croissance — Chiffre d'affaires
Estimation de la juste valeur
Juste valeur
$10.22
Prix actuel
$13.03
Marge de sécurité
-27.5%
Fourchette de juste valeur
$6.65 - $13.80
Écart entre les méthodes de valorisation utilisées, pas un intervalle de confiance calibré statistiquement.
Méthodes d'estimation
Indicateurs de valorisation
Ratio P/E
17.90
ROE
27.4%
Ratio P/B
4.54
P/FCF
24.01
Marge brute
45.4%
ROIC
25.5%
Radar de rentabilité
Création de valeur (avantage concurrentiel)
ROIC
25.5%
WACC
16.2%
ROIC − WACC
+9.3 pp
Le ROIC dépasse le coût du capital — l'entreprise crée de la valeur pour les actionnaires.
Critères d'analyse fondamentale
Réussi (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%
Échoué (6)
- P/B Ratio 4.54
- CapEx intensity
- Price below Graham Number
- DCF valuation (Overvalued)
- Analyst Consensus 48% Buy
- Piotroski F-Score 2/9
Indisponible (6)
- EPS data insufficient
- Dividend Payout NaN%
- Interest Coverage
- Return on Tangible Assets
- Low reliance on intangibles
- Share Dilution (missing shares data)
Score F de Piotroski
Préoccupations financières sérieuses
Qualité des bénéfices
Qualité élevée : bénéfices soutenus par la trésorerie
Dilution du capital
Rachat d'actions. Favorable aux actionnaires
Participations institutionnelles
Aucune déclaration institutionnelle pour cette entreprise.
Gouvernance
Équipe dirigeante
| Nom | Titre | Âge |
|---|---|---|
| Mr. Lawrence John Conway BBus, C.P.A., MAICD | CEO, MD & Director | - |
| Ms. Frances Summerhayes | Chief Financial Officer | - |
| Mr. Matthew O'Neill | Chief Operating Officer | - |
| Ms. Nancy Guay | Chief Technical Officer | - |
| Peter O'Connor | General Manager of Investor Relations | - |
| Mr. Evan Elstein A.C.A., B.Com., FCIS, GradDipACG | Company Secretary and VP of IT, Communications & Corporate Affairs | - |
| Mr. Kirron Schmidt | Vice President of Corporate Development | - |
| Mr. Paul Eagle CAHRI, MNLP | Vice President of People & Culture | - |
| Ms. Fiona Murfitt | Vice President of Sustainability | - |
Risque d'audit
2
Risque du conseil
6
Risque de rémunération
9
Risque droits des actionnaires
7
Partie 2 · Le prix et le moment d'entrer
Cette partie ne dit pas si l'entreprise vaut la peine : elle aide à choisir quand l'acheter, une fois que les fondamentaux vous ont convaincu. À l'intérieur : analyse technique, potentiel, baisses historiques, exposition gamma.
Latest News
Recent headlines for CAHPF, sourced from Markets Gazette.