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Evion Group (EVG) Fair Value & Analysis

Basic Materials · AU · Market cap A$19.1M

EG Evion Group EVG · AU
PriceA$0.0280
Fair ValueA$0.0300
Upside+7.1%
Quality32/100
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Mixed Growth
Thin margins · 0.0% net margin
negative free cash flow
Trails peers (3/8)
Narrow moat 12/100
Evidence: Low Range A$0.0200 – A$0.0400 Share as image

Fair value as of: Jun 24, 2026

From 1 valuation models · updated 47 days ago

Share price −17.6% over the past month.

Below-average quality, currently priced close to our fair value.

What matters now

  • The price sits close to our fair value, market and models broadly agree here, little valuation tension.
  • A fairly wide model range (A$0.0200 to A$0.0400) leaves room in how you read the outcome.
  • Evidence is limited here (fewer models, shorter history), so the fair value is a rougher estimate than usual.
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Price vs Fair Value (5 years)

A$0.1800 A$0.0150 Fair Value A$0.0300 Apr 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jun 24, 2026.

How to read this chart

60‑month range A$0.0150 – A$0.1800 · fair‑value band A$0.0200 – A$0.0400 · the A$0.0280 price screens below the A$0.0300 fair value. Dashed = 300-day average. As of Jun 24, 2026.

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Analysis

Evion Group (EVG) currently trades at A$0.0280, while our model-based Fair Value estimate is A$0.0300, implying the stock looks roughly 7.1% fairly valued today. The Quality Score stands at 32/100 (below-average quality), in the Basic Materials sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: low), always confirm before acting.

Trailing-twelve-month revenue stands at A$150K. Revenue grew 38.9% year over year. It earns a return on equity of -24.4%. Fundamentals as of Jun 24, 2026

Our scenario range runs from A$0.0200 (bear case) to A$0.0400 (bull case); at A$0.0280, the current price sits within that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 53% below its 52-week high and 87% above its 52-week low, currently below its 200-day average. For context, the median of 10 Basic Materials peers we cover trades at -34% fair-value upside, at 7%, EVG screens cheaper than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Model Bear Bear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull Bull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. Evidence
Highest evidence
NCAV (Graham) A$0.0100 A$0.0100 A$0.0100 50
All 1 models by family
Asset-Based
NCAV (Graham) A$0.0100 A$0.0100 A$0.0100 50

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Key figures & financial health

Revenue (TTM) A$150K
Revenue growth (YoY) +38.9%
Return on equity -24.4%
Free cash flow −A$2.4M FY2025
Operating margin -1,112%
Net cash A$961K FY2025

Figures from reported company fundamentals · as of Jun 24, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 32/100

Of which business quality 35 · Market factors (momentum, volatility) 36

Profitability 1
Margins and returns on capital today
Quality Growth 71
Are margins and returns improving?
Cashflow 2
Earnings quality: real cash, not paper profit
Fin. Strength 85
Balance sheet, leverage, solvency risk
Investment 67
Disciplined investing over empire-building
Low Volatility 50
Calm price path (market factor)
Momentum 35
Price trend over the last 3–12 months (market factor)
52W Momentum 21
Distance to the 52-week high (market factor)
Net Issuance 0
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

About the company

Evion Group NL operates as an integrated graphite developer in Madagascar, India, and Europe. The company's flagship project consists of Maniry graphite project located in Southern Madagascar. The company was formerly known as BlackEarth Minerals NL and changed its name to Evion Group NL in November 2022.

Full company description

Evion Group NL operates as an integrated graphite developer in Madagascar, India, and Europe. The company's flagship project consists of Maniry graphite project located in Southern Madagascar. The company was formerly known as BlackEarth Minerals NL and changed its name to Evion Group NL in November 2022. Evion Group NL was incorporated in 2016 and is based in West Perth, Australia.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Evion Group reported revenue of A$150K in FY2025 versus A$86.6K in FY2021, a compound +14.7%/yr. Reported net income was −A$3.7M in FY2025.

Growth Quality 23/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
A$150K
Latest YoY
+38.9%
Avg. growth/yr (3Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+20.1%
Avg. growth/yr (5Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+11.3%
Avg. growth/yr (7Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+26.0%
Revenue +14.7%/yr
FY21 A$86.6K
FY22 A$86.4K
FY23 A$90.9K
FY24 A$108K
FY25 A$150K
Net income
FY21 −A$3.5M
FY22 −A$3.4M
FY23 −A$3.6M
FY24 −A$3.2M
FY25 −A$3.7M

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Cite: Fair Value Calculator (2026). "Evion Group Fair Value". https://www.fairvalue-calculator.com/stock/EVG

Peer Group

Other Industrial Metals & Mining · 475 stocks

How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.

Quality Score 35 · Below median
Fair Value upside +7% · Top 25%
Return on assets -11% · Below median
Net margin (TTM) 0% · Above median
Revenue growth 39% · Above median

Valuation Multiples vs Other Industrial Metals & Mining median · lower = cheaper

P/B 1.66× · Pricier than median
P/S (TTM) 89.95× · Pricier than 75% of peers

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUE 43 · sector 0
FUTURE 100 · sector 23
PAST 0 · sector 0
HEALTH 0 · sector 96
DIVIDEND 0 · sector 21

Insider activity: 40/100

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Other Industrial Metals & Mining stocks, each showing price versus our Fair Value estimate (as of Jun 24, 2026).

Stock Price Fair Value vs Fair Value
BHP Group BHPN 1,425 MXN 942.42 MXN -34%
Rio Tinto Group RIO A$164.89 A$81.76 -50%
Grupo México, S.A. GMEXICOB 199.23 MXN 187.72 MXN -6%
Vale S.A VALE $14.19 $9.14 -36%
Saudi Arabian Mining Company 1211 58.05 SAR 33.87 SAR -42%
CMOC Group 603993 ¥18.20 ¥16.15 -11%
Fortescue Ltd FMG A$18.47 A$18.62 +1%
China Tungsten And Hightech Materials Co 000657 ¥74.71 ¥9.55 -87%
Hindustan Zinc Limited HINDZINC ₹521.95 ₹576.80 +11%
China Northern Rare Earth (Group) High-Tech Co 600111 ¥39.56 ¥10.59 -73%

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Frequently asked questions

Is Evion Group (EVG) overvalued or undervalued?
As of Jun 24, 2026, our model estimates a fair value of A$0.0300 versus a price of A$0.0280, about +7% (fairly valued).
What is the fair value of EVG?
Our model-based fair value for Evion Group is A$0.0300 (as of Jun 24, 2026), built from audited fundamentals. The current price is A$0.0280.
What is the quality score of EVG?
Evion Group has a Quality Score of 32/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the revenue of Evion Group (EVG)?
Evion Group reported trailing-twelve-month revenue of about A$150K (latest available figure, as of Jun 24, 2026).
What is the net profit margin of EVG?
The net profit margin of Evion Group is about 0.0%, meaning it keeps roughly 0.0% of revenue as net income. Based on the latest reported figures.

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

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