CHF229.3m market cap
CHF0.28 last close
Evolva is a Swiss biotech company focused on the research, development and commercialisation of products based on nature. The company has leading businesses in Flavors and Fragrances, Health Ingredients and Health.
Investment summary
A 15-day public review period for nootkatone has started in the US. All studies submitted to the US Environment Protection Agency (EPA) have been accepted and the review period allows the general public to share their comments with the agency. We believe the public notice period is largely a formality and expect the EPA to complete the registration of nootkatone shortly thereafter. Nootkatone use will then be allowed in pest control. Following the delay to the approval process announced in March 2019, this comes as good news for the financial trajectory of the business.
Y/E Dec |
Revenue (CHFm) |
EBITDA (CHFm) |
PBT (CHFm) |
EPS (CHFc) |
P/E (x) |
P/CF (x) |
|---|---|---|---|---|---|---|
| 2018A | 8.9 | (23.4) | (25.4) | (3.0) | N/A | N/A |
| 2019A | 11.6 | (12.3) | (15.6) | (2.0) | N/A | N/A |
| 2020E | 10.9 | (12.0) | (13.1) | (1.6) | N/A | N/A |
| 2021E | 19.3 | (6.7) | (7.8) | (1.0) | N/A | N/A |
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 02/07/2020
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Share price graph
Balance sheet |
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| Forecast net cash (CHFm) | 24.1 |
| Forecast gearing ratio (%) | N/A |
Price performance
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Key management |
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| Gerard Hoetmer | Chairman |
| Oliver Walker | CEO |
| André Pennartz | CFO |
