Evolution AB

EVO.ST

Quality scores

Data as of Sep 4, 2026

6 / 9

Neutral

6/9 — middling fundamentals (neutral zone).

PassROA > 0 — ROA last year = 19.23 %
PassFCF > 0 — FCF last year = 1,120.39 mill.
PassFCF > net income (accrual quality) — FCF 1,120.39 vs. net income 1,062.10 (mill.)
FailRising ROA — ROA 19.23 % vs. prior year 23.27 %

PassLower long-term leverage — long-term debt/assets 0.01 vs. prior 0.01
FailRising current ratio (more liquidity) — Current ratio 1.66 vs. prior 1.82
PassNo dilution (shares do not grow) — Shares 199.23 mill. vs. prior 206.56 mill.

Z-Score (original)

7.64

Safe zone

Z''-Score (non-manufacturing)

9.78

Safe zone

Ratio	Value
X1 — Working capital / Total assets	0.15
X2 — Retained earnings / Total assets	0.33
X3 — EBIT / Total assets	0.23
X4 — Market cap / Total liabilities	9.80
X4 — Book equity / Total liabilities	2.82
X5 — Sales / Total assets	0.37