BlackEarth Minerals NL (AU:EVG)
ASX:EVG
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BlackEarth Minerals NL
(Sydney:EVG)
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Rating:44Neutral
Price Target:
AU$0.02
▼(-20.00% Downside)
Action:ReiteratedDate:03/24/26
The score is held down primarily by weak profitability and strained operating cash flow, despite strong revenue growth and low leverage. Technicals are also unfavorable with the stock trading below major moving averages and a negative MACD. Valuation remains constrained by the negative P/E and lack of dividend yield data.
Positive Factors
Revenue Growth
A 38.93% revenue increase signals durable top-line expansion and likely market traction. Sustained revenue growth creates scale potential, supports operating leverage, and provides room to invest in cost control and product development that can lift margins over the medium term.
Negative Factors
Weak Profitability
Negative net profit and EBIT margins reflect persistent operating losses and weak margin structure. Ongoing unprofitability limits internal funding for growth, undermines scalability benefits from revenue growth, and requires management to materially improve cost structure to reach sustainable profits.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue Growth
A 38.93% revenue increase signals durable top-line expansion and likely market traction. Sustained revenue growth creates scale potential, supports operating leverage, and provides room to invest in cost control and product development that can lift margins over the medium term.
Read all positive factors
BlackEarth Minerals NL (EVG) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$13.87M
Dividend YieldN/A
Average Volume (3M)650.79K
Price to Earnings (P/E)―
Beta (1Y)0.73
Revenue GrowthN/A
EPS Growth-4.35%
CountryAU
EmployeesN/A
SectorBasic Materials
Sector Strength58
IndustryIndustrial Materials
Share Statistics
EPS (TTM)>-0.01
Shares Outstanding577,749,600
10 Day Avg. Volume1,272,311
30 Day Avg. Volume650,786
Financial Highlights & Ratios
PEG Ratio-0.41
Price to Book (P/B)0.81
Price to Sales (P/S)43.66
P/FCF Ratio-2.72
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)N/A
Revenue Forecast (FY)N/A
BlackEarth Minerals NL Business Overview & Revenue Model
Company Description
Evion Group NL operates as an integrated graphite developer in Madagascar, India, and Europe. Its flagship project is the Maniry graphite project located in Southern Madagascar. The company was formerly known as BlackEarth Minerals NL and changed ...
How the Company Makes Money
null...
BlackEarth Minerals NL Financial Statement Overview
Summary
Income Statement
45
Neutral
Balance Sheet
55
Neutral
Cash Flow
40
Negative
| Breakdown | TTM | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 149.88K | 149.88K | 107.88K | 90.89K | 86.44K | 86.63K |
| Gross Profit | 133.49K | 149.88K | -18.10K | 73.97K | 73.80K | 77.18K |
| EBITDA | -1.44M | -3.02M | -3.30M | -4.10M | -3.43M | -3.56M |
| Net Income | -2.04M | -3.69M | -3.21M | -3.57M | -3.44M | -3.45M |
Balance Sheet | ||||||
| Total Assets | 10.14M | 8.90M | 9.78M | 11.90M | 11.82M | 7.49M |
| Cash, Cash Equivalents and Short-Term Investments | 2.30M | 1.03M | 1.95M | 4.30M | 5.81M | 6.57M |
| Total Debt | 54.41K | 65.69K | 75.17K | 0.00 | 0.00 | 0.00 |
| Total Liabilities | 997.21K | 788.25K | 710.87K | 620.79K | 998.36K | 576.20K |
| Stockholders Equity | 9.15M | 8.11M | 9.07M | 11.28M | 10.82M | 6.92M |
Cash Flow | ||||||
| Free Cash Flow | -2.36M | -2.41M | -2.34M | -3.77M | -7.63M | -2.31M |
| Operating Cash Flow | -2.13M | -2.17M | -2.15M | -2.23M | -3.05M | -2.30M |
| Investing Cash Flow | -800.62K | -758.92K | -194.70K | -2.48M | -4.58M | -8.49K |
| Financing Cash Flow | 4.50M | 2.01M | -13.82K | 3.18M | 6.87M | 7.74M |
BlackEarth Minerals NL Technical Analysis
Negative
0.03
Price Trends
0.03
Negative
0.03
Negative
0.03
Negative
Market Momentum
>-0.01
Negative
38.43
Neutral
66.67
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:EVG, the sentiment is Negative. The current price of 0.03 is above the 20-day moving average (MA) of 0.02, above the 50-day MA of 0.03, and above the 200-day MA of 0.03, indicating a bearish trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 38.43 is Neutral, neither overbought nor oversold. The STOCH value of 66.67 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for AU:EVG.
BlackEarth Minerals NL 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% | |
44 Neutral | AU$13.87M | -8.00 | -23.61% | ― | ― | -4.35% | |
43 Neutral | AU$33.14M | -2.58 | -5.94% | ― | -67.81% | -244.10% | |
42 Neutral | AU$9.41M | -4.82 | -19.33% | ― | ― | ― | |
42 Neutral | AU$8.87M | -1.84 | -38.97% | ― | ― | 71.25% | |
40 Underperform | AU$6.23M | -4.44 | -247.28% | ― | ― | -405.06% |
* Basic Materials Sector Average
AU:EVG
BlackEarth Minerals NL
0.02
<0.01
20.00%
AU:TON
Triton Minerals Limited
0.01
>-0.01
-9.09%
AU:EV1
Evolution Energy Minerals Limited
0.01
>-0.01
-8.33%
AU:INF
Infinity Lithium Corporation Limited
0.01
>-0.01
-35.00%
AU:VML
Vital Metals Ltd
0.14
0.08
133.33%
BlackEarth Minerals NL Corporate Events
EVION Director David Round Increases Indirect Shareholding via On-Market Purchase
Mar 29, 2026
EVION Group NL has reported a change in director David Round’s indirect interests, following an on-market purchase of 300,000 ordinary fully paid shares at $0.025 per share through Averio Investments Pty Ltd. The transaction, valued at $7,50...
Evion Reaffirms Assumptions and Technical Basis for Integrated Graphite Strategy
Feb 3, 2026
Evion Group NL has released a corporate presentation outlining the technical and regulatory underpinnings of its Maniry graphite project in Madagascar and related downstream operations, reiterating that the key assumptions supporting its productio...
Evion Bolsters Funding and US-EU Ties as Maniry Graphite Project Advances
Jan 30, 2026
Evion Group strengthened its balance sheet during the December 2025 quarter with an approximately A$2.3 million placement led by US-based Atlas Strategic Assets, leaving it with A$2.3 million in cash to fund near-term project milestones and reinfo...
Evion Gains Boost as US–Africa Pact Aligns With Madagascar’s Fast-Tracked Graphite Permits
Jan 30, 2026
Evion Group NL has highlighted the strategic significance of a newly formed US–African Union Strategic Infrastructure and Investment Working Group, which aims to bolster US private-sector investment in African critical minerals and infrastru...
Evion Director David Round Increases Indirect Shareholding with On‑Market Purchase
Jan 22, 2026
Evion Group NL has disclosed a change in director David Round’s interests, with the director increasing his indirect holding in the company through Averio Investments Pty Ltd by acquiring 300,000 fully paid ordinary shares on-market at $0.03...
Evion Director’s Performance Rights Lapse Alters Equity Mix but Maintains Significant Stake
Jan 20, 2026
Evion Group NL has reported a change in the holdings of director Heather Zampatti, following the lapse of 1,925,000 performance rights that were due to expire on 20 January 2026. After this change, Zampatti continues to hold 2,078,150 fully paid o...
Evion Group Lapses 15.6 Million 2022 Performance Rights
Jan 20, 2026
Evion Group NL has reported the cessation of 15,575,000 performance rights from its 2022 series after the conditions attached to those rights were not met or became incapable of being satisfied as of 20 January 2026. The lapse of these conditional...
Evion Launches No-Fee Sale Facility for Small Shareholdings
Jan 14, 2026
Evion Group NL has launched a share sale facility for holders of less than marketable parcels of its shares, allowing small shareholders to sell their holdings without brokerage or handling fees, with the company covering all transaction costs. Th...
Evion Poised to Benefit as U.S. House Backs Extension of African Trade Preferences
Jan 13, 2026
Evion Group NL has welcomed the passage of H.R. 6500, the African Growth and Opportunity Act Extension Act, through the U.S. House of Representatives, which would extend duty-free access for qualifying imports from African countries, including Mad...
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.