Evolution AB: Don't Miss This High-Quality Business

2025-04-02 01:00:52 ET

Summary

• Evolution AB remains a Strong Buy, despite mixed Q4 2024 results, with 12.3% growth and promising RNG segment performance.
• Revenue growth in North America is strong, but Asia's stagnation and unresolved cyberattacks pose challenges.
• The company announced a €2.8 per share dividend and a €500 million share buyback program, enhancing shareholder value.
• Current valuation is attractive with a P/E of 11.64 and a 3.9% dividend yield, suggesting significant growth potential.

It's been quite a while since I last wrote about Evolution AB ( EVVTY ) (EVGGF), more than 5 months to be precise, so I thought I'd review the company and give a summary of its prospects. Since my last Strong Buy recommendation , a lot has happened with the company, but I still see the investment thesis as unchanged, which I will explain below, but the bottom line is that I still think Evolution AB is a 'Strong Buy'....

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