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Evolution Mining Ltd
ASX:EVN

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Evolution Mining Ltd
ASX:EVN
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Price: 12.76 AUD -2.15% Market Closed
Market Cap: AU$25.9B

P/S

5.1
Current
65%
More Expensive
vs 3-y average of 3.1

Price to Sales (P/S) ratio shows how much investors pay for each dollar of a company`s sales. It`s calculated by dividing the company`s market value by its total revenue.

P/S
5.1
=
Market Cap
AU$32.7B
/
Revenue
AU$5.1B

Price to Sales (P/S) ratio shows how much investors pay for each dollar of a company`s sales. It`s calculated by dividing the company`s market value by its total revenue.

P/S
5.1
=
Market Cap
AU$32.7B
/
Revenue
AU$5.1B

Valuation Scenarios

Evolution Mining Ltd is trading above its 3-year average

If P/S returns to its 3-Year Average (3.1), the stock would be worth AU$7.72 (40% downside from current price).

Statistics
Positive Scenarios
1/4
Maximum Downside
-40%
Maximum Upside
+178%
Average Upside
21%
Scenario P/S Value Implied Price Upside/Downside
Current Multiple 5.1 AU$12.76
0%
3-Year Average 3.1 AU$7.72
-40%
5-Year Average 3.2 AU$8.02
-37%
Industry Average 14.1 AU$35.52
+178%
Country Average 4.1 AU$10.28
-19%

Forward P/S
Today’s price vs future revenue

Today's Market Cap Revenue Forward P/S
AU$32.7B
/
Jan 2026
AU$5.1B
=
5.1
Current
AU$32.7B
/
Jun 2026
AU$5.9B
=
5.5
Forward
AU$32.7B
/
Jun 2027
AU$6.6B
=
5
Forward
AU$32.7B
/
Jun 2028
AU$6.6B
=
5
Forward
AU$32.7B
/
Jun 2029
AU$7B
=
4.7
Forward
AU$32.7B
/
Jun 2030
AU$4.3B
=
7.7
Forward

Forward P/S shows whether today’s P/S still looks high or low once future revenue are taken into account.

Peer Comparison

All Multiples
P/S
P/E
All Countries
Close
Market Cap P/S P/E
AU
Evolution Mining Ltd
ASX:EVN
25.9B AUD 5.1 19.5
RU
Polyus PJSC
LSE:PLZL
70.4T USD 11 233.1 34 959.7
ZA
Gold Fields Ltd
JSE:GFI
653.6B ZAR 4.6 11.2
ZA
Harmony Gold Mining Company Ltd
JSE:HAR
171.1B ZAR 2.1 10.5
CN
Zijin Mining Group Co Ltd
SSE:601899
914.7B CNY 2.5 14.8
US
Newmont Corporation
NYSE:NEM
131.4B USD 5.8 18.6
CA
Agnico Eagle Mines Ltd
TSX:AEM
136.2B CAD 8.4 22.4
CA
Barrick Gold Corp
TSX:ABX
92.2B CAD 4.1 13.8
CA
Barrick Mining Corp
F:ABR0
57.1B EUR 4.1 13.8
CA
Wheaton Precious Metals Corp
TSX:WPM
88.1B CAD 27 42.5
HK
Zijin Gold International Co Ltd
HKEX:2259
428.5B HKD 10.2 34.2

Market Distribution

In line with most companies in Australia
Percentile
55th
Based on 2 057 companies
55th percentile
5.1
Low
0 — 1.7
Typical Range
1.7 — 11.8
High
11.8 —
Distribution Statistics
Australia
Min 0
30th Percentile 1.7
Median 4.1
70th Percentile 11.8
Max 1 679 509.2

Evolution Mining Ltd
Glance View

Evolution Mining Ltd., an Australian gold miner, has carved a strategic niche in the international mining landscape through a blend of operational proficiency and a keen focus on sustainability. Founded in 2011, Evolution emerged from a merger of three resourceful companies, quickly establishing itself as a formidable player in the gold mining industry. The company operates several projects across Australia and Canada, notably its flagship mine, Cowal, in New South Wales. These assets offer a robust production capacity and long mine life, contributing significantly to the firm's overall output. By efficiently managing these resources through best-in-class practices and cutting-edge technology, Evolution Mining has managed to optimize its gold extraction process, increasing yield while minimizing environmental impact. The firm's business model is grounded in the notion of creating value through the entire lifecycle of its assets. From exploration to development, and finally, to extraction, Evolution Mining continually seeks to enhance shareholder value. Its revenue stream flows primarily from the sale of gold, which is refined and marketed globally. Additionally, Evolution’s strategy of disciplined cost management ensures profitability even amidst volatile market conditions. By focusing on high-quality, low-cost assets and maintaining a relentless drive for operational excellence, Evolution Mining not only sustains its profitability but also positions itself for future growth in the ever-changing landscape of precious metals. This steadfast approach, coupled with a commitment to safety and community engagement, underscores its standing as a conscientious leader in the mining sector.

EVN Intrinsic Value
11.49 AUD
Overvaluation 10%
Intrinsic Value
Price AU$12.76
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