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Evolution Metals & Technologies
(NASDAQ:EMAT)
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Rating:45Neutral
Price Target:
$1.50
▼(-61.93% Downside)
Action:Reiterated
Date:10/15/26
EMAT’s score is primarily constrained by very weak financial performance (large losses, persistent cash burn, and negative equity). Technicals also reflect a strong downtrend despite oversold readings. Positive corporate events (capacity scale-up and reiterated/raised guidance) provide some offset, but financing dependence remains a key risk.
Positive Factors
Capacity Expansion
The planned tenfold capacity increase could materially broaden EM&T’s ability to serve defense, unmanned aircraft, and automotive customers. Equipment deliveries are already underway, while the expansion is aligned with reaffirmed FY2027 revenue guidance and demand for non-China magnet supply.
Negative Factors
Severe Unprofitability
The current operating model is not yet profitable, with substantial operating losses overwhelming positive gross profit. Unless revenue growth converts into durable operating leverage, continued losses could consume capital, weaken earnings quality, and make the planned expansion financially harder to sustain.
Read all positive and negative factors
Positive Factors
Negative Factors
Capacity Expansion
The planned tenfold capacity increase could materially broaden EM&T’s ability to serve defense, unmanned aircraft, and automotive customers. Equipment deliveries are already underway, while the expansion is aligned with reaffirmed FY2027 revenue guidance and demand for non-China magnet supply.
Read all positive factors
Evolution Metals & Technologies (EMAT) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$884.35M
Dividend Yield8.68%
Average Volume (3M)1.55M
Price to Earnings (P/E)―
Beta (1Y)-0.28
Revenue GrowthN/A
EPS Growth-90.71%
CountryUS
Employees9
SectorBasic Materials
Sector Strength58
IndustryIndustrial Materials
Share Statistics
EPS (TTM)N/A
Shares Outstanding627,200,600
10 Day Avg. Volume830,884
30 Day Avg. Volume1,548,329
Financial Highlights & Ratios
PEG Ratio-36.67
Price to Book (P/B)-1.16K
Price to Sales (P/S)0.00
P/FCF Ratio-4.91K
Enterprise Value/Market Cap4.67
Enterprise Value/Revenue1.18K
Enterprise Value/Gross Profit12.52K
Enterprise Value/Ebitda-220.61
Forecast
1Y Price Target
$11.25Price Target Upside185.53% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering2
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Evolution Metals & Technologies Business Overview & Revenue Model
Company Description
Evolution Metals & Technologies Corp. operates as a critical materials and technology company. The company provides rare earth magnet-related products; battery metals production; and other recycling operations. It also produces and develops rare e...
Evolution Metals & Technologies Financial Statement Overview
Summary
Income Statement
8
Very Negative
Balance Sheet
14
Very Negative
Cash Flow
10
Very Negative
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 3.52M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | 330.00K | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| EBITDA | -18.73M | -2.04M | -1.58M | -37.65K | -2.21M | -68.60K |
| Net Income | -452.97M | -1.79M | -899.93K | -54.32K | -2.39M | -68.60K |
Balance Sheet | ||||||
| Total Assets | 95.08M | 6.61M | 12.27M | 21.96M | 5.04M | 76.53M |
| Cash, Cash Equivalents and Short-Term Investments | 5.25M | 4.02K | 1.19K | 5.93K | 65.38K | 1.20M |
| Total Debt | 27.55M | 5.16M | 4.04M | 26.63M | 5.93M | 0.00 |
| Total Liabilities | 113.94M | 12.22M | 10.93M | 30.99M | 6.43M | 2.77M |
| Stockholders Equity | -18.85M | -5.61M | 1.34M | -9.03M | -1.40M | 73.77M |
Cash Flow | ||||||
| Free Cash Flow | -22.92M | -1.33M | -1.46M | -20.76M | -677.89K | -260.82K |
| Operating Cash Flow | -15.18M | -1.33M | -1.46M | -8.64M | -677.89K | -260.82K |
| Investing Cash Flow | -1.50M | 6.07M | 12.32M | -12.12M | -3.82M | -75.00M |
| Financing Cash Flow | 10.94M | -4.74M | -11.03M | 20.70M | 3.82M | 76.46M |
Evolution Metals & Technologies Technical Analysis
Negative
3.94
Price Trends
2.74
Negative
4.03
Negative
6.23
Negative
Market Momentum
-0.43
Negative
28.80
Positive
23.71
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For EMAT, the sentiment is Negative. The current price of 3.94 is above the 20-day moving average (MA) of 1.74, above the 50-day MA of 2.74, and below the 200-day MA of 6.23, indicating a bearish trend. The MACD of -0.43 indicates Negative momentum. The RSI at 28.80 is Positive, neither overbought nor oversold. The STOCH value of 23.71 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for EMAT.
Evolution Metals & Technologies Risk Analysis
Evolution Metals & Technologies disclosed 3 risk factors in its most recent earnings report. Evolution Metals & Technologies reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Evolution Metals & Technologies Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
68 Neutral | $4.72B | 52.20 | 9.41% | 0.25% | 21.56% | 454.16% | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
54 Neutral | $6.67B | -109.63 | -2.66% | ― | 71.92% | 44.39% | |
48 Neutral | $3.34B | -3.71 | -23.45% | ― | ― | -270.60% | |
45 Neutral | $884.35M | -1.40 | 3277.89% | 8.68% | ― | -90.71% | |
43 Neutral | $422.96M | -5.10 | -13.82% | ― | ― | 99.00% | |
42 Neutral | $459.33M | -6.77 | -67.95% | ― | ― | -65.78% |
* Basic Materials Sector Average
EMAT
Evolution Metals & Technologies
1.41
-11.09
-88.72%
MTRN
Materion
226.55
93.11
69.77%
NB
NioCorp Developments
2.90
-4.73
-61.99%
MP
MP Materials
37.47
-27.47
-42.30%
IPX
Iperionx Ltd. ADR
13.06
-33.21
-71.77%
USAR
USA Rare Earth
8.91
-11.22
-55.74%
Evolution Metals & Technologies Corporate Events
Business Operations and StrategyFinancial DisclosuresRegulatory Filings and Compliance
Evolution Metals expands rare earth magnet capacity tenfold
Positive
Oct 15, 2026
On October 15, 2026, Evolution Metals Technologies announced it has begun receiving a major shipment of additional ULVAC magnet production equipment at its Pohang, Republic of Korea facility, with all containers due by the end of October. The thi...
Business Operations and StrategyFinancial Disclosures
Evolution Metals scales magnet capacity and affirms guidance
Positive
Oct 14, 2026
On October 14, 2026, Evolution Metals Technologies announced that its eight sintered neodymium-iron-boron magnet grades, seven of which are already customer-certified and in production in Pohang, represent an estimated 75% of global sintered NdFe...
Business Operations and StrategyFinancial Disclosures
Evolution Metals boosts 2026 revenue outlook and growth
Positive
Oct 9, 2026
On October 9, 2026, Evolution Metals Technologies Corp. raised its fiscal 2026 revenue guidance to $10 million to $11 million, up from the prior $5 million to $8 million range announced in September, effectively a 62% increase at the midpoint and...
Business Operations and Strategy
Evolution Metals Forms Strategic Energy Storage Partnership
Positive
Oct 6, 2026
On October 6, 2026, Evolution Metals Technologies Corp. announced a strategic partnership letter of intent with UK-based INERGX Energy Optimisation to design, supply, integrate and service energy storage and power optimization systems for a plann...
Business Operations and Strategy
Evolution Metals unveils major rare earth magnet facility
Positive
Oct 5, 2026
Evolution Metals Technologies announced on October 5, 2026, that it will host an operational showcase and ribbon-cutting ceremony on December 17, 2026, at its newest and largest rare earth magnet facility in Pohang, South Korea. The plant, which ...
Business Operations and Strategy
Evolution Metals Plans Hydrogen-Powered U.S. Magnet Campus
Positive
Oct 1, 2026
On October 1, 2026, Evolution Metals Technologies and Florida-based hydrogen energy specialist VIVIFY Technology announced a non-binding letter of intent, dated September 30, 2026, for a proposed strategic collaboration under which VIVIFY would d...
Business Operations and StrategyDelistings and Listing ChangesFinancial Disclosures
Evolution Metals added to Russell indexes, expanding visibility
Positive
Sep 21, 2026
On September 21, 2026, Evolution Metals Technologies Corp. became a constituent of the broad-market Russell 3000 Index and the small-cap Russell 2000 Index at the opening of U.S. equity markets, following FTSE Russell’s third-quarter 2026 I...
Business Operations and StrategyPrivate Placements and FinancingRegulatory Filings and Compliance
Evolution Metals Secures Convertible Debenture Financing with Yorkville
Neutral
Sep 18, 2026
On September 17, 2026, Evolution Metals Technologies Corp. entered into a securities purchase agreement with Yorkville to issue up to $30.93 million in convertible debentures, with an initial $22 million debenture issued that day and additional t...
Business Operations and StrategyFinancial Disclosures
Evolution Metals issues ambitious 2026–2027 revenue guidance
Positive
Sep 10, 2026
On September 10, 2026, Evolution Metals Technologies issued initial revenue guidance, projecting $5 million to $8 million in revenue for fiscal 2026 and a sharp increase to $400 million to $460 million for fiscal 2027. The outlook marks a planned...
Business Operations and Strategy
Evolution Metals Expands Pohang Power and Magnet Capacity
Positive
Aug 27, 2026
On August 27, 2026, Evolution Metals Technologies announced agreement on principal terms with Korea Electric Power Corporation to expand power capacity for its Pohang, South Korea operations from 130 megawatts to 750 megawatts and secure a right ...
Business Operations and StrategyDelistings and Listing Changes
Evolution Metals eyes inclusion in key Russell indexes
Positive
Aug 24, 2026
On August 24, 2026, Evolution Metals Technologies announced it had been named to FTSE Russell’s preliminary lists for addition to the broad-market Russell 3000 Index and small-cap Russell 2000 Index, with potential inclusion effective Septe...
Business Operations and StrategyPrivate Placements and Financing
Evolution Metals Highlights Convertible Debenture Financing Dependence
Negative
Aug 24, 2026
As of August 23, 2026, Evolution Metals Technologies Corp. had issued $25.775 million in convertible debentures to YA II PN, Ltd., of which $5.775 million had been converted, leaving $20 million in principal outstanding. This financing structure ...
Business Operations and StrategyExecutive/Board Changes
Evolution Metals Adds Defense Leader to Board, Enhancing Governance
Positive
Aug 13, 2026
On August 13, 2026, Evolution Metals Technologies appointed retired U.S. Air Force General Thomas A. Bussiere, former Commander of Air Force Global Strike Command and former Deputy Commander of U.S. Strategic Command, as an independent director a...
Business Operations and StrategyExecutive/Board ChangesRegulatory Filings and Compliance
Evolution Metals bolsters magnet production leadership with veteran hire
Positive
Aug 10, 2026
On August 7, 2026, Evolution Metals Technologies appointed industry veteran Kenji Konishi as Head of Magnet Engineering Production, bringing with him a core team of senior Japanese magnet-manufacturing experts from leading global producers. Konis...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.