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Evolution Mining is an Australia-based gold miner. It sold around 750,000 ounces of gold in fiscal 2025 from six wholly or majority owned mines in Australia and Canada. Formed in 2011 via the merger of Conquest Mining and Catalpa Resources and the purchase of Newcrest Mining’s Mt Rawdon and Cracow mines, Evolution has acquired more mines and sold the generally less attractive, higher-cost mines. Cowal and Mungari were purchased in 2015, with an initial interest in Glencore’s Ernest Henry mine following in 2016, Red Lake in Canada in 2020, the rest of Ernest Henry in 2022 and an 80% stake in the Northparkes copper and gold mine in December 2023. It had roughly 15 years of gold reserves at the end of December 2024.
1998
3.1K+
LTM Revenue $2.8B
LTM EBITDA $1.4B
$12.3B
Benchmark forward-looking revenue and EBITDA valuation multiples across generative AI, climate tech, semiconductors, online marketplaces, vertical SaaS and 220 more verticals.
Evolution Mining has a last 12-month revenue (LTM) of $2.8B and a last 12-month EBITDA of $1.4B.
In the most recent fiscal year, Evolution Mining achieved revenue of $2.1B and an EBITDA of $917M.
Evolution Mining expects next 12-month revenue of XXX and NTM EBITDA of XXX
See Evolution Mining valuation multiples based on analyst estimates| LTM | NTM | Last FY | FY 2025 | FY 2026 | FY 2027 | |
|---|---|---|---|---|---|---|
| Revenue | $2.8B | XXX | $2.1B | XXX | XXX | XXX |
| Gross Profit | $1.4B | XXX | $1.1B | XXX | XXX | XXX |
| Gross Margin | 50% | XXX | 51% | XXX | XXX | XXX |
| EBITDA | $1.4B | XXX | $917M | XXX | XXX | XXX |
| EBITDA Margin | 51% | XXX | 43% | XXX | XXX | XXX |
| EBIT | $958M | XXX | $587M | XXX | XXX | XXX |
| EBIT Margin | 34% | XXX | 28% | XXX | XXX | XXX |
| Net Profit | $637M | XXX | $271M | XXX | XXX | XXX |
| Net Margin | 22% | XXX | 13% | XXX | XXX | XXX |
| Net Debt | XXX | XXX | $977M | XXX | XXX | XXX |
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As of September 5, 2025, Evolution Mining's stock price is AUD 9 (or $6).
Evolution Mining has current market cap of AUD 18.1B (or $11.6B), and EV of AUD 19.1B (or $12.3B).
See Evolution Mining trading valuation data| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $12.3B | $11.6B | XXX | XXX | XXX | XXX | $0.31 |
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Start Free TrialAs of September 5, 2025, Evolution Mining has market cap of $11.6B and EV of $12.3B.
Evolution Mining's trades at 6.8x EV/Revenue multiple, and 16.8x EV/EBITDA.
Equity research analysts estimate Evolution Mining's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
Evolution Mining has a P/E ratio of 18.3x.
See valuation multiples for Evolution Mining and 15K+ public comps| LTM | NTM | Last FY | FY 2025 | FY 2026 | FY 2027 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $11.6B | XXX | $11.6B | XXX | XXX | XXX |
| EV (current) | $12.3B | XXX | $12.3B | XXX | XXX | XXX |
| EV/Revenue | 4.3x | XXX | 6.8x | XXX | XXX | XXX |
| EV/EBITDA | 8.5x | XXX | 16.8x | XXX | XXX | XXX |
| EV/EBIT | 12.8x | XXX | 29.2x | XXX | XXX | XXX |
| EV/Gross Profit | 8.7x | XXX | n/a | XXX | XXX | XXX |
| P/E | 18.3x | XXX | 61.9x | XXX | XXX | XXX |
| EV/FCF | 23.0x | XXX | 147.3x | XXX | XXX | XXX |
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Access all public comps and forward-looking valuation multiples like EV/Revenue in 2025, based on equity research analyst estimates.
Start Free TrialEvolution Mining's last 12 month revenue growth is 8%
Evolution Mining's revenue per employee in the last FY averaged $0.7M, while opex per employee averaged $0.2M for the same period.
Evolution Mining's rule of 40 is 49% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
Evolution Mining's rule of X is 71% (created by Bessemer, rule of X is another metric relevant for SaaS companies only, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).
See operational valuation multiples for Evolution Mining and other 15K+ public comps| LTM | NTM | Last FY | FY 2025 | FY 2026 | FY 2027 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 8% | XXX | 31% | XXX | XXX | XXX |
| EBITDA Margin | 51% | XXX | 41% | XXX | XXX | XXX |
| EBITDA Growth | 13% | XXX | 50% | XXX | XXX | XXX |
| Rule of 40 | 49% | XXX | 49% | XXX | XXX | XXX |
| Bessemer Rule of X | XXX | XXX | 71% | XXX | XXX | XXX |
| Revenue per Employee | XXX | XXX | $0.7M | XXX | XXX | XXX |
| Opex per Employee | XXX | XXX | $0.2M | XXX | XXX | XXX |
| S&M Expenses to Revenue | XXX | XXX | n/a | XXX | XXX | XXX |
| G&A Expenses to Revenue | XXX | XXX | n/a | XXX | XXX | XXX |
| R&D Expenses to Revenue | XXX | XXX | n/a | XXX | XXX | XXX |
| Opex to Revenue | XXX | XXX | 23% | XXX | XXX | XXX |
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Benchmark public comps and private revenue and EBITDA valuation multiples across GRC software, cloud infrastructure, DevOps, online marketplaces and so much more!
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| 2025E | 2026E | 2027E | 2025E | 2026E | 2027E | |
| AMG Critical Materials | XXX | XXX | XXX | XXX | XXX | XXX |
| ArcelorMittal | XXX | XXX | XXX | XXX | XXX | XXX |
| B2Gold | XXX | XXX | XXX | XXX | XXX | XXX |
| Equinox Gold | XXX | XXX | XXX | XXX | XXX | XXX |
| New Gold | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
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Evolution Mining acquired XXX companies to date.
Last acquisition by Evolution Mining was XXXXXXXX, XXXXX XXXXX XXXXXX . Evolution Mining acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX ).
See M&A valuation multiples| Acquired Company | EV | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
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Start Free Trial| When was Evolution Mining founded? | Evolution Mining was founded in 1998. |
| Where is Evolution Mining headquartered? | Evolution Mining is headquartered in Australia. |
| How many employees does Evolution Mining have? | As of today, Evolution Mining has 3.1K+ employees. |
| Who is the CEO of Evolution Mining? | Evolution Mining's CEO is Mr. Lawrence Conway, B.Bus,C.P.A.. |
| Is Evolution Mining publicy listed? | Yes, Evolution Mining is a public company listed on ASX. |
| What is the stock symbol of Evolution Mining? | Evolution Mining trades under EVN ticker. |
| When did Evolution Mining go public? | Evolution Mining went public in 2002. |
| Who are competitors of Evolution Mining? | Similar companies to Evolution Mining include e.g. AMG Critical Materials, ArcelorMittal, B2Gold, Equinox Gold. |
| What is the current market cap of Evolution Mining? | Evolution Mining's current market cap is $11.6B |
| What is the current revenue of Evolution Mining? | Evolution Mining's last 12 months revenue is $2.8B. |
| What is the current revenue growth of Evolution Mining? | Evolution Mining revenue growth (NTM/LTM) is 8%. |
| What is the current EV/Revenue multiple of Evolution Mining? | Current revenue multiple of Evolution Mining is 4.3x. |
| Is Evolution Mining profitable? | Yes, Evolution Mining is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of Evolution Mining? | Evolution Mining's last 12 months EBITDA is $1.4B. |
| What is Evolution Mining's EBITDA margin? | Evolution Mining's last 12 months EBITDA margin is 51%. |
| What is the current EV/EBITDA multiple of Evolution Mining? | Current EBITDA multiple of Evolution Mining is 8.5x. |
| What is the current FCF of Evolution Mining? | Evolution Mining's last 12 months FCF is $534M. |
| What is Evolution Mining's FCF margin? | Evolution Mining's last 12 months FCF margin is 19%. |
| What is the current EV/FCF multiple of Evolution Mining? | Current FCF multiple of Evolution Mining is 23.0x. |
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