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Evolution Energy Minerals Limited
(Sydney:EV1)
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Rating:42Neutral
Price Target:
AU$0.01
▲(10.00% Upside)
Action:Reiterated
Date:07/04/26
The score is driven primarily by weak financial performance (pre-revenue, persistent losses, and ongoing negative free cash flow despite improvement) and only modestly tempered by a debt-free balance sheet. Technical indicators point to subdued momentum (RSI/Stoch below neutral and negative MACD), while valuation is constrained by negative earnings and no dividend support.
Positive Factors
Battery-supply market exposure
EV1’s core focus on the Chilalo graphite project targets natural graphite used in lithium‑ion battery anodes. This aligns the company with a multi‑year structural trend in electrification and battery supply chains, providing a durable addressable market if the project reaches production and offtake.
Negative Factors
Pre-revenue operations
EV1 remains a pre‑revenue explorer/developer with negative gross profit, meaning the business is not yet cash generative. Absent production or offtake, intrinsic value depends on successful project execution and capital raises, creating sustained execution and financing risk.
Read all positive and negative factors
Positive Factors
Negative Factors
Battery-supply market exposure
EV1’s core focus on the Chilalo graphite project targets natural graphite used in lithium‑ion battery anodes. This aligns the company with a multi‑year structural trend in electrification and battery supply chains, providing a durable addressable market if the project reaches production and offtake.
Read all positive factors
Evolution Energy Minerals Limited (EV1) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$7.35M
Dividend YieldN/A
Average Volume (3M)992.61K
Price to Earnings (P/E)―
Beta (1Y)1.85
Revenue GrowthN/A
EPS Growth80.00%
CountryAU
Employees5
SectorBasic Materials
Sector Strength58
IndustryIndustrial Materials
Share Statistics
EPS (TTM)>-0.01
Shares Outstanding816,728,100
10 Day Avg. Volume1,002,417
30 Day Avg. Volume992,613
Financial Highlights & Ratios
PEG Ratio0.01
Price to Book (P/B)1.04
Price to Sales (P/S)0.00
P/FCF Ratio-1.01
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)<0.01
Revenue Forecast (FY)AU$143.50M
Evolution Energy Minerals Limited Business Overview & Revenue Model
Company Description
Established in 2021 with its headquarters in West Perth, Australia, Evolution Energy Minerals Limited focuses on the sourcing, evaluation, and advancement of mineral resources. The company's primary holding is the Chilalo graphite project, located...
How the Company Makes Money
null...
Evolution Energy Minerals Limited Financial Statement Overview
Summary
Income Statement
12
Very Negative
Balance Sheet
48
Neutral
Cash Flow
18
Very Negative
| Breakdown | TTM | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | 0.00 | -44.52K | -17.95K | -12.12K | -4.19K | -21.35K |
| EBITDA | -2.48M | -5.70M | -10.56M | -13.54M | -7.87M | 1.74M |
| Net Income | -2.05M | -4.73M | -11.06M | -13.89M | -8.86M | -353.83K |
Balance Sheet | ||||||
| Total Assets | 5.80M | 5.88M | 8.78M | 10.18M | 10.82M | 5.06M |
| Cash, Cash Equivalents and Short-Term Investments | 125.45K | 81.89K | 3.07M | 4.44M | 5.37M | 22.45K |
| Total Debt | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 8.73M |
| Total Liabilities | 257.93K | 787.71K | 615.85K | 1.09M | 461.30K | 8.81M |
| Stockholders Equity | 5.52M | 4.98M | 7.68M | 9.09M | 10.36M | -3.75M |
Cash Flow | ||||||
| Free Cash Flow | -2.20M | -5.16M | -10.67M | -13.43M | -5.61M | -363.06K |
| Operating Cash Flow | -2.19M | -5.08M | -10.60M | -13.40M | -5.56M | -363.06K |
| Investing Cash Flow | -4.33K | -85.21K | -65.24K | -29.27K | -45.02K | 0.00 |
| Financing Cash Flow | 1.56M | 2.17M | 9.35M | 12.32M | 11.18M | 0.00 |
Evolution Energy Minerals Limited Technical Analysis
Negative
0.01
Price Trends
0.01
Negative
0.01
Negative
Market Momentum
>-0.01
Negative
38.23
Neutral
<0.01
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:EV1, the sentiment is Negative. The current price of 0.01 is below the 20-day moving average (MA) of 0.01, below the 50-day MA of 0.01, and equal to the 200-day MA of ―, indicating a neutral trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 38.23 is Neutral, neither overbought nor oversold. The STOCH value of <0.01 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for AU:EV1.
Evolution Energy Minerals Limited Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
46 Neutral | AU$7.70M | -1.67 | -147.45% | ― | ― | 24.31% | |
44 Neutral | AU$10.04M | -2.16 | -73.44% | ― | ― | -5.93% | |
42 Neutral | AU$7.35M | -2.58 | -38.97% | ― | ― | 80.00% | |
41 Neutral | AU$19.26M | -0.92 | -107.26% | ― | ― | 71.99% | |
41 Neutral | AU$14.55M | -13.33 | -51.58% | ― | ― | 56.45% |
* Basic Materials Sector Average
AU:EV1
Evolution Energy Minerals Limited
0.01
>-0.01
-8.33%
AU:NMT
Neometals Ltd
0.02
-0.05
-67.61%
AU:REE
RareX Limited
0.01
>-0.01
-33.33%
AU:HRE
Heavy Rare Earths Limited
0.04
-0.01
-24.00%
AU:CMG
Critical Minerals Group Ltd.
0.08
-0.05
-35.38%
AU:AXL
Axel REE Ltd.
0.08
>-0.01
-1.18%
Evolution Energy Minerals Limited Corporate Events
Evolution Energy Minerals Relocates Registered Office to Perth as It Advances African Critical Minerals Projects
Jun 18, 2026
Evolution Energy Minerals has relocated its registered office and principal place of business to Level 28, 140 St Georges Terrace in Perth, Western Australia. The move consolidates the company’s corporate base in a major Australian mining an...
Evolution Energy Advances Tanzanian Copper Drilling and Fast-Tracks Chilalo Graphite Execution
May 6, 2026
Evolution Energy Minerals has outlined progress at its Tanzanian assets, reporting strong surface indicators of copper mineralisation at the drill-ready Chikundo project and confirming it is well funded for its 2026 work program. Despite assay del...
Evolution Energy Minerals Bolsters Cash Position with Equity Raising Despite Ongoing Outflows
Apr 30, 2026
Evolution Energy Minerals reported operating cash outflows of A$452,000 for the March 2026 quarter, driven mainly by exploration, staff, and corporate costs, partially offset by modest interest income and prior government grants. Investing cash fl...
Evolution Energy Minerals Advances Chikundo Copper Exploration and Bolsters Capital Position
Apr 30, 2026
Evolution Energy Minerals reported that March quarter activities centred on advancing exploration at its Chikundo Copper Project in Tanzania and strengthening its balance sheet through an oversubscribed A$4.18 million capital raising. The company ...
Evolution Energy Minerals Bolsters Leadership Team to Drive Project Execution
Apr 6, 2026
Evolution Energy Minerals has strengthened its leadership team with a series of targeted appointments and promotions designed to support the development of its African critical metals portfolio. The company is reinforcing governance, finance, tech...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.