Evolution AB (publ) - EVO.ST

EVO.ST Returns vs S&P 500 ⓘ

ticker	1 day return %	1 week return %	1 month return %	3 months return %	6 months return %	1 year return %	3 years return %	5 years return %	10 years return %	maximum return %
EVO.ST	-0.8	-2.1	1.2	-12.7	-18.4	-32.4	-26.8	167.7	4537.3	4537.3
S&P 500	0.5	2.1	2.4	5.5	10.1	25.8	38.7	84.0	198.2	34547.3

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Returns Charts ⓘ

Interactive Price Chart

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Real-time Full Quote

Attribute	Value
symbol	EVO.ST
name	Evolution AB (publ)
price	832.4
changes percentage	-0.8339
change	-7
day low	807.8
day high	837.2
year high	1386.2
year low	797.4
market cap	173373272545
price avg 50	909.688
price avg 200	1036.431
exchange	STO
volume	1017956
avg volume	710273
open	825
previous close	839.4
eps	61.97
pe	13.43
earnings announcement	2025-01-30T06:30:00.000+0000
shares outstanding	208281202
timestamp	2025-01-23 16:29:41

Financial Statements ⓘ

We derive the score of a company's financial statements by evaluating the weighted average sentiment across key within the statements. The cumulative score, normalized to a sum of 1, serves as a metric for assessing the company's performance during the specified period. A higher score indicates stronger performance. However, it's crucial to note that while this score provides valuable insights, it is just one of many factors to consider when making informed investment decisions. A holistic evaluation, considering various aspects of the company's financial health and market conditions, is essential for a well-rounded investment strategy.

Overall Annual Financial Health: 67.3%

Overall Quarterly Financial Health: 77.7%

Income Statements ⓘ

• Annual Income Statement

Note: The years below are fiscal years in accounting.

	2023	2022	Y/Y change %
0000000000
revenue	1798601000	1456737000	23.47
gross profit	1798601000	1456737000	23.47
gross profit ratio	1	1	0.00
research and development expenses	0	0	NaN
operating expenses	655871000	548675000	19.54
interest income	14364000	5312000	170.41
interest expense	5011000	4610000	8.70
ebitda	1196189000	1011581000	18.25
ebitdaratio	0.67	0.69	-4.23
operating income	1142730000	908062000	25.84
operating income ratio	0.64	0.62	1.92
net income	1070858000	843361000	26.98
net income ratio	0.6	0.58	2.84
eps	4.93	4.59	7.41

Overall Score of Annual Income Statement

0.57 out of 1

Detailed Analysis

• 📈 Positive Indicators

  Revenue Growth: revenue increased to 1,799 million in 2023 from 1,457 million in 2022 representing a change of 23.47%. This indicates a sales growth, which is a positive sign for the company.

  Gross Profit: Gross Profit increased to 1,799 million in 2023 from 1,457 million in 2022 representing a change of 23.47%. This indicates a sales profitability growth, which is a positive sign for the company.

  EBITDA: EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) increased to 1,196 million in 2023 from 1,012 million in 2022 representing a change of 18.25%. The increase in EBITDA indicates improved operational efficiency and profitability.

  Earnings per Share (EPS): EPS increased to 4.93 in 2023 from 4.93 in 2022 representing a change of 7.41%. This indicates that the company's earnings are increasing and it is becoming more profitable on a per-share basis.

• 📉 Negative Indicators

  Operating Expenses: Operating Expenses increased to 656 million in 2023 from 549 million in 2022 representing a change of 19.54%. The increase in operating expenses can be attributed to various factors such as marketing, administrative costs, and investments in infrastructure. It's important to monitor if these expenses are growing at a sustainable rate compared to revenue.

  Operating Income: Operating income decreased to 1,143 million in 2023 from 908 million in 2022 representing a change of 25.84%. The decrease in operating income indicates worse operational performance and decreased profitability.

  Net Income: Net income decreased to 1,071 million in 2023 from 843 million in 2022 representing a change of 26.98%. The decrease in net income shows worsen profitability and indicates that the company is generating less profit for each dollar of revenue.

• Quarterly Income Statement

Note: The years below are fiscal years in accounting.

	2024Q3	2024Q2	Q/Q change %
0000000000
revenue	519379000	508410000	2.16
gross profit	519379000	508410000	2.16
gross profit ratio	1	1	0.00
research and development expenses	0	0	NaN
operating expenses	140200000	197281000	-28.93
interest income	0	6792000	-100.00
interest expense	0	0	NaN
ebitda	355607000	345767000	2.85
ebitdaratio	0.68	0.68	0.67
operating income	379179000	311129000	21.87
operating income ratio	0.73	0.61	19.30
net income	328611000	269143000	22.10
net income ratio	0.63	0.53	19.52
eps	1.57	1.28	22.66

Overall Score of Quarterly Income Statement

1.0 out of 1

Detailed Analysis

• 📈 Positive Indicators

  Revenue Growth: revenue increased to 519 million in 2024Q3 from 508 million in 2024Q2 representing a change of 2.16%. This indicates a sales growth, which is a positive sign for the company.

  Gross Profit: Gross Profit increased to 519 million in 2024Q3 from 508 million in 2024Q2 representing a change of 2.16%. This indicates a sales profitability growth, which is a positive sign for the company.

  Operating Expenses: Operating Expenses decreased to 140 million in 2024Q3 from 197 million in 2024Q2 representing a change of -28.93%. The decrease in operating expenses can be attributed to various factors such as improved profitability, cost optimization and financial stability, lower operating expenses can be positive indicators.

  EBITDA: EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) increased to 356 million in 2024Q3 from 346 million in 2024Q2 representing a change of 2.85%. The increase in EBITDA indicates improved operational efficiency and profitability.

  Operating Income: Operating income increased to 379 million in 2024Q3 from 311 million in 2024Q2 representing a change of 21.87%. The increase in operating income indicates better operational performance and increased profitability.

  Net Income: Net income increased to 329 million in 2024Q3 from 269 million in 2024Q2 representing a change of 22.1%. The increase in net income shows improved profitability and indicates that the company is generating more profit for each dollar of revenue.

  Earnings per Share (EPS): EPS increased to 1.57 in 2024Q3 from 1.57 in 2024Q2 representing a change of 22.66%. This indicates that the company's earnings are increasing and it is becoming more profitable on a per-share basis.

Balance Sheets ⓘ

• Annual Balance Sheet

Note: The years below are fiscal years in accounting.

	2023	2022	Y/Y change %
0000000000
total assets	4973484000	4369371000	13.83
total liabilities	967269000	909090000	6.40
total equity	4006215000	3460281000	15.78
cash and cash equivalents	985756000	532554000	85.10
short term investments	0	0	NaN
long term investments	0	0	NaN
total current assets	1722264000	1109375000	55.25
total non current assets	3251220000	3259996000	-0.27
total current liabilities	561323000	425893000	31.80
total non current liabilities	405946000	483197000	-15.99
common stock	648000	647000	0.15
retained earnings	1800912000	1270949000	41.70
total debt	79457000	79553000	-0.12

Overall Score of Annual Balance Sheet

0.78 out of 1

Detailed Analysis

• 📈 Positive Indicators

  Total Assets: Total Assets increased to 4,973 million in 2023 from 4,369 million in 2022 representing a change of 13.83%. Suggesting a growth in asset holdings.

  Total Equity: Total Equity increased to 4,006 million in 2023 from 3,460 million in 2022 representing a change of 15.78%. This indicates an increase in shareholders' equity.

  Cash And Cash Equivalents: Cash And Cash Equivalents increased to 986 million in 2023 from 533 million in 2022 representing a change of 85.1%. This indicates an increase in available liquid assets.

  Total Current Assets: Total Current Assets increased to 1,722 million in 2023 from 1,109 million in 2022 representing a change of 55.25%. This indicates a better liquidity position.

  Common Stock: Common Stock increased to 1 in 2023 from 1 in 2022 representing a change of 0.15%. This indicates an increase in ownership interest.

  Retained Earnings: Retained Earnings increased to 1,801 million in 2023 from 1,271 million in 2022 representing a change of 41.7%. This indicates an accumulated profits.

  Total Debt: Total Debt decreased to 79 million in 2023 from 80 million in 2022 representing a change of -0.12%. This indicates a reduction in overall debt burden.

• 📉 Negative Indicators

  Total Liabilities: Total Liabilities increased to 967 million in 2023 from 909 million in 2022 representing a change of 6.4%. This indicates an increase in overall liabilities.

  Total Current Liabilities: Total Current Liabilities increased to 561 million in 2023 from 426 million in 2022 representing a change of 31.8%. This indicates a higher short-term debt burden.

• Quarterly Balance Sheet

Note: The years below are fiscal years in accounting.

	2024Q3	2024Q2	Q/Q change %
0000000000
total assets	4988120000	4799664000	3.93
total liabilities	1219907000	1120937000	8.83
total equity	3768213000	3678727000	2.43
cash and cash equivalents	663730000	688687000	-3.62
short term investments	0	0	NaN
long term investments	0	-8146000	100.00
total current assets	1641840000	1569101000	4.64
total non current assets	3346280000	3230563000	3.58
total current liabilities	855710000	715672000	19.57
total non current liabilities	364197000	405265000	-10.13
common stock	650000	650000	0.00
retained earnings	1582302000	1496924000	5.70
total debt	82076000	79126000	3.73

Overall Score of Quarterly Balance Sheet

0.5 out of 1

Detailed Analysis

• 📈 Positive Indicators

  Total Assets: Total Assets increased to 4,988 million in 2024Q3 from 4,800 million in 2024Q2 representing a change of 3.93%. Suggesting a growth in asset holdings.

  Total Equity: Total Equity increased to 3,768 million in 2024Q3 from 3,679 million in 2024Q2 representing a change of 2.43%. This indicates an increase in shareholders' equity.

  Total Current Assets: Total Current Assets increased to 1,642 million in 2024Q3 from 1,569 million in 2024Q2 representing a change of 4.64%. This indicates a better liquidity position.

  Retained Earnings: Retained Earnings increased to 1,582 million in 2024Q3 from 1,497 million in 2024Q2 representing a change of 5.7%. This indicates an accumulated profits.

• 📉 Negative Indicators

  Total Liabilities: Total Liabilities increased to 1,220 million in 2024Q3 from 1,121 million in 2024Q2 representing a change of 8.83%. This indicates an increase in overall liabilities.

  Cash And Cash Equivalents: Cash And Cash Equivalents decreased to 664 million in 2024Q3 from 689 million in 2024Q2 representing a change of -3.62%. This indicates a decrease in available liquid assets.

  Total Current Liabilities: Total Current Liabilities increased to 856 million in 2024Q3 from 716 million in 2024Q2 representing a change of 19.57%. This indicates a higher short-term debt burden.

  Total Debt: Total Debt increased to 82 million in 2024Q3 from 79 million in 2024Q2 representing a change of 3.73%. This indicates an increase in overall debt burden.

Cashflow Statements ⓘ

• Annual Cashflow Statement

Note: The years below are fiscal years in accounting.

	2023	2022	Y/Y change %
0000000000
net change in cash	453202000	111122000	307.84
operating cash flow	1168447000	877465000	33.16
free cash flow	1074255000	780526000	37.63
capital expenditure	-94192000	-96939000	2.83
depreciation and amortization	124683000	100378000	24.21
deferred income tax	0	0	NaN
stock based compensation	0	0	NaN
accounts payables	0	0	NaN
inventory	0	0	NaN
acquisitions net	-47536000	-273136000	82.60
investments in property plant and equipment	-42219000	-96939000	56.45
net cash used for investing activites	-139358000	-371596000	62.50
debt repayment	-18907000	-14145000	-33.67
common stock issued	-12438000	-1714000	-625.67
common stock repurchased	-115758000	-75591000	-53.14
dividends paid	-427398000	-302751000	-41.17
net cash used provided by financing activities	-574501000	-394201000	-45.74
cash at end of period	985756000	532554000	85.10
accounts receivables	-72370000	-72075000	-0.41
cash at beginning of period	532554000	421432000	26.37

Overall Score of Annual Cashflow Statement

0.67 out of 1

Detailed Analysis

• 📈 Positive Indicators

  Net Change in Cash: Net Change in Cash increased to 453 million in 2023 from 111 million in 2022 representing a change of 307.84%. Indicating an increased ability to generate cash from the company's operations or its cash flow position.

  Operating Cash Flow: Operating Cash Flow increased to 1,168 million in 2023 from 877 million in 2022 representing a change of 33.16%. This indicates that the company generated more cash from its core business operations.

  Free Cash Flow: Free Cash Flow increased to 1,074 million in 2023 from 781 million in 2022 representing a change of 37.63%. This indicates an increase in cash generated after accounting for capital expenditures.

  Accounts Receivables: Accounts Receivables decreased to -72 million in 2023 from -72 million in 2022 representing a change of -0.41%. This suggests that the company has been able to collect payments from its customers more efficiently and timely.

• 📉 Negative Indicators

  Capital Expenditure: Capital Expenditure increased to -94 million in 2023 from -97 million in 2022 representing a change of 2.83%. This indicates an increase in the cash outflow required for acquiring or improving long-term assets.

  Dividends Paid: Dividends Paid decreased to -427 million in 2023 from -303 million in 2022 representing a change of -41.17%. This indicates a weaker financial position, less confidence in future prospects, and a reluctance to return value to shareholders.

• Quarterly Cashflow Statement

Note: The years below are fiscal years in accounting.

	2024Q3	2024Q2	Q/Q change %
0000000000
operating cash flow	356910000	312773000	14.11
free cash flow	324645000	280228000	15.85
capital expenditure	-32265000	-32545000	0.86
depreciation and amortization	36078000	34638000	4.16
deferred income tax	0	0	NaN
stock based compensation	0	0	NaN
accounts receivables	4214000	38929000	-89.18
accounts payables	0	0	NaN
inventory	0	0	NaN
acquisitions net	-1000	-4328000	99.98
investments in property plant and equipment	-14326000	-32545000	55.98
net cash used for investing activites	-132393000	-35340000	-274.63
debt repayment	0	-3417000	100.00
common stock issued	-90000	-107000	15.89
common stock repurchased	-243599000	0	NaN
dividends paid	0	-559266000	100.00
net cash used provided by financing activities	-248400000	-562790000	55.86
net change in cash	-24957000	-285438000	91.26
cash at end of period	663730000	688687000	-3.62
cash at beginning of period	688687000	974125000	-29.30

Overall Score of Quarterly Cashflow Statement

0.83 out of 1

Detailed Analysis

• 📈 Positive Indicators

  Net Change in Cash: Net Change in Cash increased to -25 million in 2024Q3 from -285 million in 2024Q2 representing a change of 91.26%. Indicating an increased ability to generate cash from the company's operations or its cash flow position.

  Operating Cash Flow: Operating Cash Flow increased to 357 million in 2024Q3 from 313 million in 2024Q2 representing a change of 14.11%. This indicates that the company generated more cash from its core business operations.

  Free Cash Flow: Free Cash Flow increased to 325 million in 2024Q3 from 280 million in 2024Q2 representing a change of 15.85%. This indicates an increase in cash generated after accounting for capital expenditures.

  Accounts Receivables: Accounts Receivables decreased to 4 million in 2024Q3 from 39 million in 2024Q2 representing a change of -89.18%. This suggests that the company has been able to collect payments from its customers more efficiently and timely.

  Dividends Paid: Dividends Paid increased to 0 million in 2024Q3 from -559 million in 2024Q2 representing a change of 100.0%. This indicates a stronger financial position, more confidence in future prospects, and a better commitment to returning value to shareholders.

• 📉 Negative Indicators

  Capital Expenditure: Capital Expenditure increased to -32 million in 2024Q3 from -33 million in 2024Q2 representing a change of 0.86%. This indicates an increase in the cash outflow required for acquiring or improving long-term assets.

Earnings Transcripts ⓘ

We save you time by utilizing Generative AI to summarize earnings transcripts. Our summaries provide a clear insight into the company's current performance, future outlook, and overall sentiment expressed during the call. Click on below links to explore more.

Note: The years mentioned below are fiscal years in accounting.

Q3 2024 Earnings call transcript

Earnings Per Share (EPS) ⓘ

Analyst Stock Recommendations ⓘ

Discover detailed analyst recommendations for stocks, including categories such as Buy, Hold, Sell, Strong Buy, and Strong Sell. These insights are based on thorough analysis of financial and market factors. The consensus is calculated by assigning a numerical score to each recommendation. These scores are then weighted and averaged over a specified period to provide a comprehensive view of the stock's outlook, with the final score determining the overall consensus.

Financial Ratios ⓘ

• Annual Financial Ratios

	2023-12-31	2022-12-31	Y/Y change %
FY
calendar year	2023	2022	NaN
revenue per share	8.28	7.71	7.44
net income per share	4.93	4.46	10.50
operating cash flow per share	5.38	4.64	15.88
free cash flow per share	4.95	4.13	19.77
cash per share	4.54	2.82	61.08
book value per share	18.44	18.31	0.75
tangible book value per share	4.46	2.13	109.47
shareholders equity per share	18.44	18.31	0.75
interest debt per share	0.39	0.45	-12.66
market cap	23438846061.16	17124197551.27	36.88
enterprise value	22532547061.16	16671196551.27	35.16
pe ratio	21.89	20.3	7.80
price to sales ratio	13.03	11.76	10.86
pocfratio	20.06	19.52	2.79
pfcf ratio	21.82	21.94	-0.55
pb ratio	5.85	4.95	18.22
ptb ratio	5.85	4.95	18.22
ev to sales	12.53	11.44	9.47
enterprise value over ebitda	18.84	16.48	14.30
ev to operating cash flow	19.28	19.0	1.50
ev to free cash flow	20.98	21.36	-1.80
earnings yield	0.05	0.05	-7.23
free cash flow yield	0.05	0.05	0.55
debt to equity	0.02	0.02	-13.73
debt to assets	0.02	0.02	-12.25
net debt to ebitda	-0.76	-0.45	-69.19
current ratio	3.07	2.6	17.79
interest coverage	228.04	196.98	15.77
income quality	1.02	0.97	5.82
dividend yield	0.02	0.02	3.14
payout ratio	0.4	0.36	11.18
sales general and administrative to revenue	0	0	NaN
research and ddevelopement to revenue	0	0	NaN
intangibles to total assets	0.61	0.7	-12.71
capex to operating cash flow	0.08	0.11	-27.03
capex to revenue	0.05	0.07	-21.30
capex to depreciation	0.76	0.97	-21.77
stock based compensation to revenue	0	0	NaN
graham number	45.23	42.87	5.51
roic	0.24	0.21	12.78
return on tangible assets	0.55	0.64	-13.96
graham net net	1.34	-0.83	261.31
working capital	1160941000	683482000	69.86
tangible asset value	967701000	402021000	140.71
net current asset value	754995000	200285000	276.96
invested capital	4401911000	3931825000	11.96
average receivables	323234000	247677000	30.51
average payables	11578500	9336000	24.02
average inventory	7430000	5607000	32.51
days sales outstanding	72.89	71.98	1.27
days payables outstanding	0	0	NaN
days of inventory on hand	0	0	NaN
receivables turnover	5.01	5.07	-1.25
payables turnover	0	0	NaN
inventory turnover	0	0	NaN
roe	0.27	0.24	9.67
capex per share	0.43	0.51	-15.44

• Positive

  ROE: Return on Equity (ROE) increased to 0.27 on 2023-12-31 from 0.24 on 2022-12-31, representing a change of 9.67%. Suggesting the company has been generating high returns for its shareholders.

  PE Ratio: Price-to-Earnings (P/E) Ratio increased to 21.89 on 2023-12-31 from 20.30 on 2022-12-31, representing a change of 7.80%. Indicating an increase in the relative valuation of the company's stock.

  Debt-to-Equity Ratio: Debt-to-Equity Ratio decreased to 0.02 on 2023-12-31 from 0.02 on 2022-12-31, representing a change of -13.73%. The debt-to-equity ratio has been decreasing, indicating that the company has been relying less on debt financing. A ratio of 1 or below is often considered healthy and indicates that the company's total debt is equal to or less than its total equity.

• Negative

  Current Ratio: Current Ratio increased to 3.07 on 2023-12-31 from 2.60 on 2022-12-31, representing a change of 17.79%. The current ratio has been increasing, suggesting an increase in the company's short-term liquidity. Since it's above 3, indicating poor management of working capital.

• Quarterly Financial Ratios

	2024-09-30 Q3	2024-06-30 Q2	Q/Q change %
EVO.ST
calendar year	2024	2024	NaN
revenue per share	2.48	2.41	3.00
net income per share	1.57	1.28	23.10
operating cash flow per share	1.71	1.48	15.05
free cash flow per share	1.55	1.33	16.80
cash per share	3.17	3.26	-2.83
book value per share	18.0	17.43	3.28
tangible book value per share	3.68	3.26	12.89
shareholders equity per share	18.0	17.43	3.28
interest debt per share	0.39	0.37	4.58
market cap	18383235017.66	20409872523.9	-9.93
enterprise value	17801581017.66	19800311523.9	-10.09
pe ratio	13.99	18.96	-26.23
price to sales ratio	35.39	40.14	-11.83
pocfratio	51.51	65.25	-21.07
pfcf ratio	56.63	72.83	-22.25
pb ratio	4.88	5.55	-12.07
ptb ratio	4.88	5.55	-12.07
ev to sales	34.27	38.95	-11.99
enterprise value over ebitda	50.06	57.26	-12.58
ev to operating cash flow	49.88	63.31	-21.21
ev to free cash flow	54.83	70.66	-22.40
earnings yield	0.02	0.01	35.56
free cash flow yield	0.02	0.01	28.62
debt to equity	0.02	0.02	1.26
debt to assets	0.02	0.02	-0.19
net debt to ebitda	-1.64	-1.76	7.22
current ratio	1.92	2.19	-12.49
interest coverage	0	0	NaN
income quality	0.94	1.01	-6.37
dividend yield	0	0.03	-100.00
payout ratio	0	2.08	-100.00
sales general and administrative to revenue	0	0	NaN
research and ddevelopement to revenue	0	0	NaN
intangibles to total assets	0.6	0.62	-3.55
capex to operating cash flow	0.09	0.1	-13.12
capex to revenue	0.06	0.06	-2.95
capex to depreciation	0.89	0.94	-4.82
stock based compensation to revenue	0	0	NaN
graham number	25.22	22.36	12.75
roic	0.08	0.08	4.48
return on tangible assets	0.17	0.15	10.97
graham net net	-2.66	-0.81	-228.79
working capital	786130000	853429000	-7.89
tangible asset value	770294000	687993000	11.96
net current asset value	421933000	448164000	-5.85
invested capital	4011793000	4065913000	-1.33
average receivables	179054000	377461500	-52.56
average payables	15027000	15626000	-3.83
average inventory	-6882500	947000	-826.77
days sales outstanding	0	63.39	-100.00
days payables outstanding	0	0	NaN
days of inventory on hand	0	0	NaN
receivables turnover	0	1.42	-100.00
payables turnover	0	0	NaN
inventory turnover	0	0	NaN
roe	0.09	0.07	19.20
capex per share	0.15	0.15	-0.04

• ROE:

• Negative

  PE Ratio: Price-to-Earnings (P/E) Ratio decreased to 13.99 on 2024-09-30 Q3 from 18.96 on 2024-06-30 Q2, representing a change of -26.23%. Indicating a decrease in the relative valuation of the company's stock.

• Neutral

  Current Ratio: Current Ratio decreased to 1.92 on 2024-09-30 Q3 from 2.19 on 2024-06-30 Q2, representing a change of -12.49%. The current ratio has been declining, suggesting a decrease in the company's short-term liquidity. However, it is still above 1, indicating the ability to cover short-term obligations.

• Positive

  Debt-to-Equity Ratio: Debt-to-Equity Ratio decreased to 0.02 on 2024-09-30 Q3 from 0.02 on 2024-06-30 Q2, representing a change of 1.26%. The debt-to-equity ratio has been decreasing, indicating that the company has been relying less on debt financing. A ratio of 1 or below is often considered healthy and indicates that the company's total debt is equal to or less than its total equity.

Growth Rates ⓘ

• Annual Growth

• Quarterly Growth

Intrinsic Value (Discounted Cash Flow) ⓘ

None