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Evolution Mining Limited (CAHPF)

被高估
Basic MaterialsGoldAustralia

基本面

68

价格

$13.08

市值

$27.97B

第一部分 · 这家公司值多少

概览

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.

盈利方式

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.

护城河

未发现护城河 · 无

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.

需求驱动因素

周期性

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.

看多理由

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.

看空理由

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 2026年8月18日

Direct competitors

Who this company fights with for the same customers

Compare

Generated on 2026年9月18日 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.

资产负债表与流动性

营收

$5.59B

截至最近已公布季度的最近12个月 — 根据每股指标估算

净利润

$1.49B

截至最近已公布季度的最近12个月 — 根据每股指标估算

自由现金流

$1.16B

股东权益合计

$5.87B

负债合计

$1.44B

流动比率

1.82

利息覆盖率

-

债务/EBITDA

0.46

每股收益

营收与净利润

自由现金流

收入构成

历史财务表

利润率变化

债务变化

债务负担有多重

增长一览表

增长 — 营业收入

公允价值估算

周期性被高估

公允价值

$10.22

当前价格

$13.08

安全边际

-28.0%

公允价值区间

$6.65 - $13.80

所用估值方法之间的离散区间,并非经过统计校准的置信区间。

估算方法

分析师目标价:$13.48
现金流折现法(DCF):不适用于此类公司
市盈率法(P/E):$10.89
格雷厄姆成长公式:不适用于此类公司
盈利能力价值(EPV):$5.00
合理市净率(P/B):不适用于此类公司
股息折现模型(戈登模型):不适用于此类公司
P/FFO(运营资金):不适用于此类公司
周期中段收益:数据不足,无法计算
市销率法(P/S):不适用于此类公司
分析师共识:持有 (10B / 9H / 2S)
最近财报超预期:-2.89%

估值指标

市盈率(P/E)

17.90

ROE

27.4%

市净率(P/B)

4.54

P/FCF

24.01

毛利率

45.4%

ROIC

25.5%

盈利能力雷达图

价值创造(经济护城河)

ROIC

25.5%

WACC

16.2%

ROIC − WACC

+9.3 pp

ROIC 超过资本成本:公司正在为股东创造价值。

基本面分析标准

通过(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%

未通过(6)

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

不可用(6)

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

Piotroski F-评分

2/9

存在严重财务隐患

score
criteria

盈利质量

1.79

高质量:盈利有现金流支撑

股权稀释

-

正在回购股份,对股东友好

机构持股

该公司暂无机构申报数据。

公司治理

管理团队

姓名职位年龄
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-

审计风险

2

董事会风险

6

薪酬风险

9

股东权利风险

7

第二部分 · 价格与买入时机

这一部分不判断公司是否值得拥有:它帮助你在基本面说服你之后,选择何时买入。包含:技术分析、潜力、历史回撤、Gamma 敞口。

Latest News

Recent headlines for CAHPF, sourced from Markets Gazette.

No recent news for CAHPF.