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Evolution Mining Limited (CAHPF)

Surévalué
Basic MaterialsGoldAustralia

Fondamental

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 · Aucun

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.

Ce qui stimule la demande

Cyclique

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.

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

Compare

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

P/E: 14.6Score: 86Market 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.

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

CycliqueSurévalué

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

Objectif de cours des analystes:$13.48
Flux de trésorerie actualisés (DCF):Non applicable à ce type d'entreprise
Multiple de résultat (P/E):$10.89
Formule de croissance de Graham:Non applicable à ce type d'entreprise
Valeur de la capacité bénéficiaire (EPV):$5.00
P/B justifié:Non applicable à ce type d'entreprise
Actualisation des dividendes (Gordon):Non applicable à ce type d'entreprise
P/FFO, les fonds provenant de l'exploitation:Non applicable à ce type d'entreprise
Bénéfices de milieu de cycle:Données insuffisantes pour le calculer
Multiple sur le chiffre d'affaires:Non applicable à ce type d'entreprise
Consensus des analystes:Conserver (10B / 9H / 2S)
Dernière surprise sur les résultats:-2.89%

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

2/9

Préoccupations financières sérieuses

score
criteria

Qualité des bénéfices

1.79

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

NomTitreÂge
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-

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.

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