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EVE Health Group Limited (AU:EVE)
ASX:EVE
Australian Market

EVE Health Group Limited (EVE) AI Stock Analysis

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AU

EVE Health Group Limited

(Sydney:EVE)

Rating:34Underperform
Price Target:
The overall stock score for EVE Health Group Limited is primarily driven by significant financial performance challenges, including declining revenue, negative profitability margins, and persistent cash flow issues. The lack of technical analysis and valuation data further limits a comprehensive evaluation, maintaining a conservative outlook for the stock.

EVE Health Group Limited (EVE) vs. iShares MSCI Australia ETF (EWA)

EVE Health Group Limited Business Overview & Revenue Model

Company DescriptionEve Health Group Limited, together with its subsidiaries, engages in the production and distribution of nutrition, health, and wellness products in Australia, New Zealand, the Asia Pacific, and North America. It provides organic tea tree oils; and distributes botanical oils, as well as supplies essential oils, hydrosols, extracts, carrier oils, and seed oils. The company also offers organic raw honey and raw honey probiotic concentrates; and contract manufacturing services. In addition, it offers medical nutrition solutions for chronic and lifestyle diseases, including Gluco Smooth for type 2 diabetes that reduces the post-meal blood sugar levels; and dietary interventions. The company was formerly known as EVE Investments Limited. Eve Health Group Limited was incorporated in 2003 and is based in Subiaco, Australia.
How the Company Makes MoneyEVE Health Group Limited generates revenue primarily through the sale of its plant-based nutrition and wellness products. The company's key revenue streams include direct-to-consumer sales via its e-commerce platforms, distribution agreements with retail partners, and export sales to international markets. EVE also benefits from strategic partnerships with other wellness brands and companies to expand its product offerings and reach a broader customer base. The company's focus on premium, high-margin products and its ability to adapt to changing consumer trends also contribute significantly to its earnings.

EVE Health Group Limited Financial Statement Overview

Summary
EVE Health Group Limited exhibits significant financial challenges with declining revenue, negative profitability margins, and persistent cash flow issues. The low debt levels provide some stability, but overall financial performance remains weak, requiring strategic adjustments to improve operational efficiencies and financial health.
Income Statement
28
Negative
EVE Health Group Limited has shown declining revenue over the past year, with a revenue decrease from 2.33 million to 2.13 million. The company has negative net income and EBIT margins, indicating significant operational challenges. Despite a slight improvement in gross profit relative to last year, overall profitability remains an issue.
Balance Sheet
35
Negative
The company maintains a low Debt-to-Equity ratio due to minimal debt, which suggests limited financial leverage risk. However, the Return on Equity is negative, reflecting the company's ongoing losses, and the Equity Ratio has declined, indicating reduced financial stability.
Cash Flow
32
Negative
EVE Health Group Limited's cash flow is under pressure, with negative operating and free cash flows. The company has managed to reduce its cash outflows compared to the previous year, but the persistence of negative free cash flow signals ongoing liquidity challenges.
Breakdown
TTMJun 2024Jun 2023Jun 2022Jun 2021Jun 2020
Income StatementTotal Revenue
2.00M2.13M2.33M2.01M2.80M2.31M
Gross Profit
581.41K876.96K-337.00K-1.00M1.31M873.73K
EBIT
-1.23M-1.54M-2.35M-3.88M-3.51M-2.62M
EBITDA
-1.34M-1.51M-2.16M-4.53M-3.26M-2.72M
Net Income Common Stockholders
-1.76M-1.90M-4.04M-5.37M-3.63M-2.40M
Balance SheetCash, Cash Equivalents and Short-Term Investments
384.92K106.17K192.48K1.10M3.16M5.14M
Total Assets
906.41K2.52M4.13M8.07M11.92M14.11M
Total Debt
151.70K74.85K4.28K492.39K1.01M584.31K
Net Debt
-233.22K-31.31K-188.20K-610.03K-2.15M-4.55M
Total Liabilities
489.30K1.30M1.01M1.14M1.74M1.12M
Stockholders Equity
417.11K1.22M3.12M6.93M10.19M12.99M
Cash FlowFree Cash Flow
-981.28K-1.11M-1.65M-3.80M-2.51M-3.48M
Operating Cash Flow
-1.50M-1.11M-1.65M-3.77M-2.24M-3.16M
Investing Cash Flow
2.61M874.27K498.46K-26.05K-263.38K-557.11K
Financing Cash Flow
-836.59K146.37K240.69K1.74M529.43K8.51M

EVE Health Group Limited Peers Comparison

Overall Rating
UnderperformOutperform
Sector (54)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
54
Neutral
$5.38B3.31-45.11%3.29%16.82%0.04%
AUEVE
34
Underperform
AU$5.27M-105.17%-3.82%51.47%
$2.23M-21.29%
$5.24M-164.01%
$3.48M-263.02%
* Healthcare Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
AU:EVE
EVE Health Group Limited
0.04
0.01
33.33%
ELLXF
Elixinol Wellness
0.01
-0.02
-66.67%
CNGGF
Cann Group
0.01
-0.04
-80.00%
ZLDAF
Zelira Therapeutics
0.28
>-0.01
-3.45%

EVE Health Group Limited Corporate Events

EVE Health Group Announces Investor Webinar Post-Nextract Acquisition
Jun 13, 2025

EVE Health Group has announced a live investor webinar to update shareholders and investors on its strategy following the acquisition of Nextract Pty Ltd. The webinar will feature Mr. Damian Wood, the incoming CEO, who will discuss the company’s development pipeline and focus areas post-acquisition, as well as upcoming commercial and regulatory milestones. This event signifies EVE’s proactive approach to engaging with its stakeholders and highlights its strategic direction in the health industry.

EVE Health Group Announces Changes in Substantial Shareholders
Jun 12, 2025

EVE Health Group Limited has announced that Alasdair Cooke and several associated entities have ceased to be substantial holders in the company as of June 12, 2025. This change, primarily due to dilution, affects a significant number of fully paid ordinary shares and may impact the company’s ownership structure and voting dynamics.

Stuart Gunzburg Acquires Substantial Holding in EVE Health Group
Jun 12, 2025

EVE Health Group Limited has announced that Stuart Gunzburg has become a substantial holder in the company as of June 12, 2025, with a 19.38% voting power through various entities. This development could potentially influence the company’s strategic decisions and shareholder dynamics, given the significant voting power now held by Gunzburg.

EVE Health Group Appoints New Director with Significant Shareholding
Jun 12, 2025

EVE Health Group Limited has announced the appointment of Stuart Gunzburg as a director, effective June 12, 2025. Gunzburg holds significant interests in the company, including 7,936,508 ordinary shares directly and additional shares through entities where he serves as director or shareholder. This appointment and Gunzburg’s substantial shareholding may influence the company’s strategic direction and stakeholder confidence.

EVE Health Group Completes Strategic Acquisition of Nextract Pty Ltd
Jun 12, 2025

EVE Health Group Limited has completed the acquisition of Nextract Pty Ltd, a biotech company specializing in solubility-enhancing drug delivery systems. This strategic move positions EVE to expand its presence in the regulated healthcare sector, particularly targeting the erectile dysfunction and dysmenorrhea markets with innovative dosage formats. The acquisition was settled through the issuance of shares, and a $1 million placement was completed to fund Nextract’s integration and initial manufacturing scale-up. The company also announced significant board and management changes, including the appointment of Dr. Stuart Gunzburg as Chief Scientific Officer and Executive Director, and the transition of Mr. Bill Fry to a Non-Executive Director role. This acquisition and leadership restructuring are expected to accelerate EVE’s growth and enhance its market positioning.

EVE Health Group Announces Quotation of New Securities on ASX
Jun 12, 2025

EVE Health Group Limited has announced the quotation of 113,444,444 ordinary fully paid securities on the ASX, effective June 12, 2025. This move is part of a previously announced transaction, potentially impacting the company’s market presence and offering stakeholders an opportunity to engage with the company’s growth strategy.

EVE Health Group Limited Announces New Share Offers in Latest Prospectus
Jun 11, 2025

EVE Health Group Limited has issued a prospectus for several offers, including Placement Shares, Nextract Vendors Shares, Lead Manager Shares, and SPP Shares, all priced at 3.6 cents per share. This transaction-specific prospectus, prepared under section 713 of the Corporations Act, is aimed at raising capital through the ASX for the company’s ongoing operations, with implications for investors to consider the suitability of these securities in light of their own financial circumstances.

EVE Health Group Announces Share Consolidation Impacting Director’s Holdings
Jun 11, 2025

EVE Health Group Limited announced a significant change in the director’s interest in securities due to a consolidation of shares. The consolidation, approved at the company’s General Meeting, reduced the number of shares held by Director Gregory William Fry and his related entities, impacting the overall share distribution and potentially affecting the company’s market positioning and shareholder value.

EVE Health Group Completes Share Consolidation
Jun 11, 2025

EVE Health Group has completed a share consolidation on a forty-to-one basis, as approved by shareholders. This move results in a new capital structure with 131,862,715 ordinary shares. The consolidation aims to streamline the company’s capital structure, potentially enhancing its market position and operational efficiency. Trading on a normal T+2 settlement basis will resume on 12 June 2025.

EVE Health Group Advances Regulatory Process for New Oral Health Products
Jun 1, 2025

EVE Health Group has commenced stability testing for its new oral products aimed at treating erectile dysfunction and dysmenorrhea, marking a significant step towards regulatory approval in Australia. These products, developed by Nextract, use proven active pharmaceutical ingredients in novel dissolvable formats for improved patient experience. The testing is a critical part of the regulatory submission process, with approvals anticipated by the end of 2025. This development aligns with EVE’s strategy to target high-value, under-served markets with unmet clinical needs, leveraging Australia’s regulatory pathways to accelerate access to prescription medicines. Additionally, EVE has completed its registration with the Therapeutic Goods Administration as a sponsor and manufacturer, further advancing its health and wellness strategy.

EVE Health Group Advances with Nextract Acquisition and Leadership Changes
May 29, 2025

EVE Health Group announced that all resolutions at their General Meeting were passed, including the acquisition of Nextract Pty Ltd. This acquisition will lead to leadership changes, with Mr. Stuart Gunzburg joining the Board and Mr. Damian Wood becoming the CEO. The integration of Nextract is expected to enhance EVE’s expansion into regulated pharmaceutical markets, potentially strengthening its industry position and offering new opportunities for stakeholders.

Eve Health Group Targets $5.3 Billion Erectile Dysfunction Market with New Drug Formulation
May 29, 2025

Eve Health Group Limited is focusing on reformulating a drug targeting the erectile dysfunction market, which is valued at $5.3 billion. The new formulation aims to enhance solubility for faster action and higher efficacy, potentially impacting the company’s operations and market positioning by tapping into a significant market segment.

EVE Health Group Initiates Trading Halt Pending General Meeting Results
May 29, 2025

EVE Health Group Limited has requested a trading halt on its securities pending the announcement of the results from a general meeting. This meeting will consider a transaction under ASX Listing Rule 11.1, and the trading halt will remain until the results are disclosed, impacting the company’s market activities and potentially its strategic direction.

EVE Health Group Expands into Pharmaceutical Markets with Nextract Acquisition
Apr 30, 2025

EVE Health Group Limited has announced its acquisition of Nextract, an Australian biotech company specializing in advanced oral delivery systems for regulated health markets. This strategic move allows EVE to enter the global erectile dysfunction and dysmenorrhea markets, valued at $5.3 billion and $10.9 billion respectively. The acquisition, valued at $3 million in equity, is supported by a capital raising plan and a 40:1 share consolidation. The integration of Nextract’s capabilities is expected to enhance EVE’s technical expertise and broaden its strategic initiatives. The company is targeting regulatory submissions for Nextract’s lead products by late 2025, with commercial launches anticipated in Q4 2025. The acquisition also positions EVE to tap into the MENA region’s growing demand for high-quality, alcohol-free health products.

EVE Health Group Announces Security Consolidation
Apr 29, 2025

EVE Health Group Limited has announced a security consolidation for its ordinary fully paid securities, which will commence trading on a deferred settlement basis from June 2, 2025. This move is part of the company’s strategic efforts to reorganize its securities, with the consolidation requiring security holder approval, which was obtained on May 29, 2025.

EVE Health Group Updates Securities Issue Timetable
Apr 29, 2025

EVE Health Group Limited has announced an update to its previous announcement regarding the proposed issue of securities. The update includes a revised timetable for the securities offer under a securities purchase plan, which is part of the company’s strategy to enhance its market presence and operational capabilities.

EVE Health Group Announces Upcoming General Meeting
Apr 29, 2025

EVE Health Group Limited has announced a General Meeting for its shareholders, scheduled for May 29, 2025, in Subiaco, WA. The company will not send hard copies of the meeting notice, aligning with modern digital practices, and encourages shareholders to access the notice online. This move reflects the company’s commitment to sustainability and digital transformation, potentially impacting shareholder engagement and operational efficiency.

EVE Health Group Schedules General Meeting for May 2025
Apr 29, 2025

EVE Health Group Limited has announced a General Meeting scheduled for May 29, 2025, in Subiaco, Western Australia. Shareholders are encouraged to participate either in person or by proxy, with proxy forms to be submitted 48 hours prior to the meeting. This meeting is significant for stakeholders as it provides an opportunity to engage with the company’s strategic direction and decisions.

EVE Health Group Acquires Nextract to Enter $5.3B Erectile Dysfunction Market
Apr 14, 2025

EVE Health Group Limited has announced its acquisition of Nextract Pty Ltd, an Australian biotech firm specializing in novel pharmaceutical and nutraceutical delivery systems. This strategic move allows EVE to enter the $5.3 billion erectile dysfunction market and the $10.9 billion dysmenorrhea market with Nextract’s innovative, alcohol-free, orally dissolvable strips and chewable formats. The acquisition is valued at $3 million in equity, supported by a $1.5 million capital raising, and aims to expedite EVE’s entry into regulated markets, leveraging streamlined regulatory pathways in Australia. The acquisition is expected to enhance EVE’s market positioning, open new revenue streams, and offer high-margin potential through proprietary IP, with commercial launch targeted for Q4 2025.

EVE Health Group Requests Trading Suspension Ahead of Major Announcement
Apr 4, 2025

EVE Health Group Limited, listed on the ASX, has requested a voluntary suspension of its securities from trading, effective from 7 April 2025. This suspension is pending a significant announcement regarding a material acquisition and capital raising, which could have implications for the company’s operations and market positioning.

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.