EVOEvotec SE

$1.57-61% 1Y

Is the business good?

How good a business is EVO?

Evotec SE earns −12% on the capital it employs against a 9.0% cost of capital, so growth costs more than it returns.

−12%

Return on invested capital · cost of capital 9.0% · 21 points below what the capital costs: growth destroys value

Operating margin
−18%

Operating margin · Drug Manufacturers - Specialty & Generic median 11% · fiscal year to FY2024

Share count, year on year
+0.21%

Share count, year on year · flat: no meaningful dilution

R&D as % of revenue
6.4%

R&D as % of revenue

Operating margin by fiscal year
YearOperating margin
FY201914%
FY20209.7%
FY20216.6%
FY20222.8%
FY2023−6.1%
FY2024−18%
Details›
Gross marginfiscal year to FY2024
14%
Operating marginfiscal year to FY2024
−18%
Net marginfiscal year to FY2024
−25%
Free cash flow margin
−12%
R&D as % of revenue
6.4%
Revenue, trailing twelve months
$797M
Free cash flow, trailing twelve months
−$99M
Net income, trailing twelve months
−$196M
Return on invested capitaloperating profit after tax ÷ debt + equity − cash
−12%

Margins, capital and share counts from the statements as filed with the SEC; cash conversion is operating cash flow over operating profit after tax.