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Evion Group NL (EVG) fair value: what the stock is really worth

As of Nov 11, 2026: fair value (intrinsic value) of Evion Group NL stock A$0.01, price A$0.01, that is 4.0% below the price, quality 34 out of 100. Rating: fairly valued. The value is an estimate: none of our valuation models currently carries, it draws on revenue and assets compared with similar companies. Updated daily.

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Basic Materials AU · ISIN AU0000254690

EG Evion Group NL logo Thin data Nov 10, 2026

Evion Group NL

EVG · AU
Fairly valued, weak quality

The stock costs about what our calculation considers fair.

Revenue last quarter +39% vs. a year ago.
Fair value A$0.0115 · Fairly valued
Mixed Growth (revenue 5y +11.3 %/yr in AUD)
Mixed vs. peers (4/8)
Quality 34/100
Negative free cash flow
Narrow moat 12/100 · thin data
Thin data
⟳ CyclicalEstimate
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What runs behind every stock

69 individual criteria per stock, every one traceable See the method →

Price vs Fair Value

A$0.1800 A$0.0120 Fair Value A$0.0115 Aug 2021 Nov 2026

White line = price, green steps = our fair value per fiscal year. As of Nov 10, 2026.

How to read this chart

60‑month range A$0.0120 – A$0.1800 · fair‑value band A$0.0113 – A$0.0118 · the A$0.0120 price screens above the A$0.0115 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 10, 2026.

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Company profile

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.

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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.

Stock analysis

Evion Group NL (EVG) currently trades at A$0.0120, while our estimate is A$0.0115, so the stock looks roughly fairly valued today (gap 4.2%).

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Valuation

None of our valuation models currently carries for this company, usually because of losses or heavy investment. The estimate draws on revenue and assets compared with similar companies and is less precise than a model-based fair value.

Scenario range: A$0.0113 (bear) to A$0.0118 (bull), the price of A$0.0120 sits above it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.

Quality & growth

The Quality Score stands at 34/100 (below-average quality), in the Basic Materials sector.

Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.

Evion Group NL reported revenue of A$150K in FY2025 versus A$86.6K in FY2021, a compound +14.7%/yr. Reported net income was −A$2.7M in FY2026.

Key figures

Market cap A$12.2M (≈ $8.4M) Micro · P/S ratio 81.4 · EPS (TTM) A$−0.0100 · Return on equity −25.7% · Return on assets (EBIT) −27.4% (5-year average) · Revenue (TTM) A$150K · Revenue growth (YoY) +38.9% · Free cash flow −A$2.2M.

Competitive moat

Our AI-assisted moat analysis scores the competitive advantage at 12 out of 100 (low confidence).

What moves the price

The share trades about 78% below its 52-week high and at its 52-week low, currently below its 200-day average.

For context, the median of 10 Basic Materials peers we cover trades at −10% fair-value upside, at −4%, EVG screens cheaper than that median.

Fair Value

Bear A$0.0113 Fair Value A$0.0115 Bull A$0.0118
Price A$0.0120 · Downside -4.0%
Estimate. None of our valuation models currently carries for this company, usually because of losses or heavy investment. The estimate draws on revenue and assets compared with similar companies and is less precise than a model-based fair value.

Quality Score breakdown

Overall quality 34/100

It rates the business: profits, how they develop, real cash, balance sheet, investing and share count.

Profitability 0
How much profit the company makes from its sales and capital
Quality Growth 70
Are margins and returns getting better?
Cashflow 7
Do the profits arrive as real cash?
Financial strength 78
Debt, balance sheet and risk of trouble
Investment 65
Does it invest with discipline instead of growing at any price?
Low Volatility 50
How calm the share price moves, does not count
Price momentum 0
Price momentum of the last 3 to 12 months, does not count
Near the 52-week high 0
Distance to the 52-week high, does not count
New shares 0
Buys back shares or issues new ones?

Open the full quality analysis →

Revenue & earnings trend

Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card. 29/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
+38.9%
Revenue growth 3 years ⓘ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. Per-share growth (which does include buybacks) is in the value-creation card.
+20.1%
Revenue growth 5 years ⓘ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. Per-share growth (which does include buybacks) is in the value-creation card.
+11.3%
Start year 2020 (pandemic)
Revenue growth 7 years ⓘ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. Per-share growth (which does include buybacks) is in the value-creation card.
+26.0%
Profit margin (trend) ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.
−3,145.1% (2020) → −1,943.0% (2025)
What shareholders gained per year ⓘWe only publish this rate when it is defensible. Reason: fiscal 2026 is a loss year, no rate is defined from a loss
not computed

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Compare Evion Group NL with another stock

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Peer Groupⓘ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.Other Industrial Metals & Mining · 577 stocks

Beats the industry median on 4/7 measures
A mixed picture versus its industry peers.
Valuation
Quality Score 34 · Below median
Fair Value upside −4.2% · Above median
Profitability
Return on assets −18.4% · Below median
Operating margin (12 months) 0.0% · Above median
Growth and dividend
Revenue growth (quarter YoY) 38.9% · Above median

Valuation Multiplesvs Other Industrial Metals & Mining median · lower = cheaper

P/B 0.94× · Cheaper than median
P/S (12 months) 81.43× · Priciest 25%

Strength profile in five axes (Snowflake)

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE (fair-value potential)28 · sector 4
FUTURE (revenue growth)100 · sector 45
PAST (return on equity)0 · sector 0
HEALTH (low debt)0 · sector 96
DIVIDEND (yield)0 · sector 33

Context: sector, industry, market

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

Similar stocks

10 more Other Industrial Metals & Mining stocks, each showing price versus our Fair Value estimate.

Stock Price Fair Value vs Fair Value Compare
Vedanta Limited VEDL ₹262.00 ₹334.17 +28% vs EVG
Saudi Arabian Mining Company 1211 57.00 SAR 64.24 SAR +13% vs EVG
Western Mining Co 601168 ¥28.25 ¥30.98 +10% vs EVG
Hindustan Zinc Limited HINDZINC ₹575.95 ₹624.91 +9% vs EVG
Boliden AB BOL kr 515.20 kr 464.45 −10% vs EVG
BHP Group BHP A$60.39 A$47.47 −21% vs EVG
Zhejiang Huayou Cobalt Co 603799 ¥32.69 ¥25.57 −22% vs EVG
Korea Zinc Company 010130 967,000 KRW 649,125 KRW −33% vs EVG
CMOC Group 603993 ¥13.71 ¥6.82 −50% vs EVG
China Tungsten And Hightech Materials Co 000657 ¥40.90 ¥4.44 −89% vs EVG

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Evion Group NL: fair value per Fair Value Calculator

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

Frequently asked questions

Is Evion Group NL (EVG) overvalued or undervalued?
As of Nov 10, 2026, our estimate of fair value is A$0.0115 versus a price of A$0.0120, about 4% lower (fairly valued).
What is the fair value of EVG?
Our estimate for Evion Group NL is A$0.0115 (as of Nov 10, 2026), built from audited fundamentals. The current price: A$0.0120.
What is the quality score of EVG?
Evion Group NL has a Quality Score of 34/100. 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 price target for Evion Group NL (EVG)?
Our calculated price target is the estimate of A$0.0115 (as of Nov 10, 2026). Cautious scenario A$0.0113, optimistic scenario A$0.0118. It is an estimate from revenue and assets compared with similar companies, because none of our valuation models currently carries, not an analyst target.
What is the Evion Group NL stock forecast for 2026?
Our estimate puts fair value at A$0.0115, about 4% lower versus a price of A$0.0120 (fairly valued). Cautious scenario A$0.0113, optimistic scenario A$0.0118. The calculation is refreshed regularly with new filings.
What is the revenue of Evion Group NL (EVG)?
Evion Group NL reported trailing-twelve-month revenue of about A$150K (latest available figure, as of Nov 10, 2026).
What is the intrinsic value of Evion Group NL (EVG)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Evion Group NL it is A$0.0115 per share (as of Nov 10, 2026), against a price of A$0.0120.
Is Evion Group NL stock overvalued or undervalued in 2026?
As of Nov 10, 2026, EVG trades above its calculated fair value: price A$0.0120, fair value A$0.0115, a gap of about −4% (fairly valued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of EVG?
No. The price is what the market pays today (A$0.0120); the fair value is what the company's own numbers justify (A$0.0115). For Evion Group NL the two are A$0.0005 per share apart. That gap is exactly why we show both numbers side by side.
How much is Evion Group NL worth?
The market values Evion Group NL at about A$12.2M (market capitalisation, as of Nov 10, 2026). Per share that is A$0.0120; our models calculate a fair value of A$0.0115 per share.
What do the bullish and bearish scenarios say about EVG?
Our models span a range for Evion Group NL: cautious scenario A$0.0113, base A$0.0115, optimistic A$0.0118 per share (as of Nov 10, 2026, price A$0.0120). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of Evion Group NL (EVG)?
Balance-sheet figures for Evion Group NL (as of Nov 10, 2026): return on equity −25.7%. They feed the Quality Score of 34/100, which measures business quality independently of the share price.
How far is EVG from its 52-week high?
Evion Group NL trades at A$0.0120, about 78% below its 52-week high of A$0.0550 and at the low of A$0.0120 (as of Nov 11, 2026). Distance from the high says nothing about value: that is what the fair value of A$0.0115 is for.
Which stocks are comparable to Evion Group NL?
From the same area (Basic Materials) we also value BHP Group, Saudi Arabian Mining Company, CMOC Group, Hindustan Zinc Limited, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Evion Group NL stock attractive at the current price?
The data as of Nov 10, 2026: price A$0.0120, calculated fair value A$0.0115 (−4%), Quality Score 34/100. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
Is it still worth investing in stocks now?
The global stock market currently sits 15.1% above its aggregate fair value. Evion Group NL itself currently trades above fair value. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Evion Group NL (EVG)?
The closing price on Nov 11, 2026 was A$0.0120. Our estimate is A$0.0115, about 4% lower (fairly valued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Evion Group NL right now?
The price sits above even our optimistic bull case (A$0.0118). The favourable scenario is already priced in. The price sits close to our fair value, market and models broadly agree here, little valuation tension. The models converge in a tight band (A$0.0113 to A$0.0118), unusually little disagreement for a valuation. Evidence is limited here (fewer models, shorter history), so the fair value is a rougher estimate than usual.

Key figures of Evion Group NL

How large is the market capitalisation of Evion Group NL (EVG)?
The market capitalisation of Evion Group NL is A$12.2M (≈ $8.4M). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Evion Group NL (EVG)?
The price-to-sales ratio of Evion Group NL is 81.4 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Evion Group NL (EVG)?
Earnings per share at Evion Group NL are A$−0.0100. Earnings per share over the last twelve months: total profit spread across every single share.
What is the return on equity of Evion Group NL (EVG)?
The return on equity (ROE) of Evion Group NL is −25.7% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Evion Group NL (EVG)?
On an EBIT basis the return on assets of Evion Group NL is −27.4% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
How fast is revenue growing at Evion Group NL (EVG)?
Revenue at Evion Group NL is growing +38.9% versus a year earlier (3y avg +20.1%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How much free cash flow does Evion Group NL (EVG) generate?
The free cash flow of Evion Group NL is −A$2.2M (fiscal year 2026). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net cash does Evion Group NL (EVG) hold?
Evion Group NL holds more cash than debt, A$4.7M net (fiscal year 2026). The company holds more cash than debt, a safety cushion.
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