Evolution AB (publ) (E3G1.SG)

Evolution AB (publ) (E3G1.SG) — VMCI valuation read

Evolution AB (publ) (E3G1.SG) carries a VMCI composite of 66/100, 16 points above the Technology sector median of 50. Among mid-cap names, that gap places E3G1.SG in the top third on the five-pillar weighting (Value 35%, Quality 30%, Integrity 15%, Growth 12%, Risk 8%).

The E3G1.SG insider tape has been silent for the past 30 days on Form 4. Where executives neither buy nor sell, the bull and bear cases lean harder on filings cadence and the next earnings line.

**Investor frame.** Value reads E3G1.SG trades at 24.0x earnings, 33% above the Technology median of 18.0x, which compresses or extends through the 11.0x EV/EBITDA versus a Technology 12.0x. Quality: ROIC of 14.0% sits 4.0pp above the Technology median (10.0%). Risk: net debt to EBITDA of 3.4x is the binding constraint on the bear case, the line to track on Evolution AB (publ)'s next 10-Q.

E3G1.SG fell 1.9% over the trailing 7 days, with a -4.2% read on a 30-day basis.