BlackEarth Minerals NL (AU:EVG)
ASX:EVG
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BlackEarth Minerals NL
(Sydney:EVG)
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Rating:45Neutral
Price Target:
AU$0.03
▲(10.00% Upside)
Action:ReiteratedDate:04/21/26
The score is held down primarily by weak profitability and negative operating cash flow despite strong revenue growth and low leverage. Technicals are mixed (price above moving averages but negative MACD), and valuation is constrained by losses (negative P/E) with no dividend yield data.
Positive Factors
Strong revenue growth
Sustained ~39% revenue growth indicates expanding end-market demand or successful customer adoption, creating a larger base to leverage fixed costs. Over 2-6 months this growth can underpin scale benefits and justify incremental investment in capacity or product development if margins are addressed.
Negative Factors
Negative operating cash flow
Persistent negative operating cash flow signals underlying cash burn from core operations, forcing reliance on external financing or equity dilution to fund working capital and growth. Over months this constrains strategic flexibility and raises execution risk if cash conversion does not improve.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong revenue growth
Sustained ~39% revenue growth indicates expanding end-market demand or successful customer adoption, creating a larger base to leverage fixed costs. Over 2-6 months this growth can underpin scale benefits and justify incremental investment in capacity or product development if margins are addressed.
Read all positive factors
BlackEarth Minerals NL (EVG) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$19.64M
Dividend YieldN/A
Average Volume (3M)650.79K
Price to Earnings (P/E)―
Beta (1Y)0.19
Revenue GrowthN/A
EPS Growth58.93%
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 ...
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
Positive
0.03
Price Trends
0.03
Positive
0.03
Positive
0.03
Positive
Market Momentum
>-0.01
Negative
57.87
Neutral
22.22
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:EVG, the sentiment is Positive. 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 bullish trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 57.87 is Neutral, neither overbought nor oversold. The STOCH value of 22.22 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive 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% | |
45 Neutral | AU$19.64M | -8.00 | -23.61% | ― | ― | 58.93% | |
43 Neutral | AU$37.18M | -2.58 | -5.94% | ― | -99.74% | -22.67% | |
42 Neutral | AU$7.84M | -4.82 | -19.33% | ― | ― | 43.90% | |
42 Neutral | AU$8.87M | -1.84 | -38.97% | ― | ― | 80.00% | |
41 Neutral | AU$5.75M | -4.44 | -247.28% | ― | ― | -766.67% |
* Basic Materials Sector Average
AU:EVG
BlackEarth Minerals NL
0.03
0.01
70.00%
AU:TON
Triton Minerals Limited
0.01
>-0.01
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AU:EV1
Evolution Energy Minerals Limited
0.01
>-0.01
-8.33%
AU:INF
Infinity Lithium Corporation Limited
0.01
-0.01
-47.83%
AU:VML
Vital Metals Ltd
0.15
0.09
150.00%
BlackEarth Minerals NL Corporate Events
Evion Streamlines Share Register With Completion of Small-Holder Sale Facility
May 1, 2026
Evion Group NL has completed a share sale facility for investors holding parcels of shares worth less than A$500, enabling these small shareholders to exit their positions cost-effectively. The initiative targeted 845 investors with an aggregate 6...
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...
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.