Evolva (EVE)

Business description

Evolva is a Swiss high-tech fermentation company. It has a proprietary yeast technology platform, which it uses to create and manufacture high-value speciality molecules for nutritional and consumer products.

Stock data

Market cap.CHF203.4m
Last closeCHF0.26
High / Low (52 weeks)CHF0.4 / CHF0.2
Stock market listingSW
Forecast net cash (CHFm)57.5
Forecast gearing ratio (%)N/A
TeamConsumer
SectorFood & Drink

Price performance

%1m3m12m
Actual(2.8)(11.6)(34.4)
Relative *(2.9)(13.6)(37)

* % Relative to local index

Other companies in sector Show

Company news

Y/E Dec Revenue (CHFm) EBITDA (CHFm) PBT (CHFm) EPS (CHFc) P/E (x) P/CF (x)
2016A 9.6 (34.0) (35.9) (6.8) N/A N/A
2017A 6.8 (37.6) (40.9) (7.0) N/A N/A
2018E 8.8 (35.2) (35.6) (4.0) N/A N/A
2019E 22.4 (28.0) (28.4) (3.2) N/A N/A

Last updated on 18/04/2018

Latest research

EverSweet

Update | Food & Drink | 22/03/2018

Capital restructuring

Update | Food & Drink | 05/01/2018

Transformation evolving

Update | Food & Drink | 17/08/2017

Agreement reached

Outlook | Food & Drink | 09/05/2017

Headroom improves

Update | Food & Drink | 16/03/2017

A cloudier picture

Update | Food & Drink | 16/01/2017

On track

Update | Food & Drink | 01/09/2016

Positive stevia newsflow

Update | Food & Drink | 07/06/2016

Stevia delayed

Update | Food & Drink | 06/04/2016

Tastes good

Outlook | Food & Drink | 15/01/2016

Getting sweeter

QuickView | Food & Drink | 19/11/2015

Rights issue supports stevia JV

Update | Food & Drink | 07/09/2015

Investment summary

Evolva has an innovative fermentation platform focused on developing new production methods for nutritional and consumer health products, which removes supply chain issues for existing natural ingredients. Evolva's key programme for stevia sweeteners is partnered with Cargill and production has now started. We continue to expect EverSweet to be launched during 2018, and a royalty stream will start to accrue to Evolva. Evolva also has projects for resveratrol, nootkatone, valencene (all on the market). We expect more Cargill-style partnerships as Evolva focuses on an asset-light strategy.

Last updated on 27/04/2018

Industry outlook

Food and health ingredients continue to be in the sweet spot as consumers demand healthier products with cleaner labels without compromising on taste or convenience. Evolva's fermentation platform aims to deliver these benefits while reducing production costs.

Last updated on 27/04/2018

Key management

Gerard Hoetmer, Chairman
Simon Waddington, CEO
Oliver Walker, CFO

Company address

Duggingerstrasse. 23
Reinach
CH-4153
Switzerland
+41 61 485 2000
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