Company Valuation: Aspen Group

Data adjusted to current consolidation scope
Fiscal Period: June 2022 2023 2024 2025 2026 2027 2028 2029
Market Cap 1 227.9 314 356.4 894.2 1,186 1,054 - -
Change - 37.77% 13.51% 150.9% 32.64% -11.1% - -
Enterprise Value (EV) 1 227.9 314 551.8 1,015 1,340 1,213 1,216 1,239
Change - 37.77% 75.74% 83.99% 31.98% -9.5% 0.25% 1.91%
P/E - - 6.85x 14.3x 16.6x 13.3x 11.4x 10.4x
PBR - - - - - 1.56x 1.4x 1.27x
PEG - - - 2.39x 1.2x 1.2x 0.7x 1x
Capitalization / Revenue 15.4x 12.9x 11.6x 25.6x 28x 23.1x 21.5x 20.4x
EV / Revenue 15.4x 12.9x 17.9x 29x 31.6x 26.6x 24.8x 24x
EV / EBITDA 16.8x 12.8x 17.1x 24.5x 24.7x 18.1x 15.7x 14.6x
EV / EBIT 18.1x 13.4x 18x 25.5x 25.6x 18.7x 16.4x 15x
EV / FCF - - - - 25.8x 107x 72.1x 56.1x
FCF Yield - - - - 3.88% 0.94% 1.39% 1.78%
Dividend per Share 2 0.066 0.0775 0.085 0.1 0.11 0.1202 0.1307 0.1413
Rate of return 4.49% 4.43% 4.75% 2.53% 2.11% 2.61% 2.84% 3.07%
EPS 2 - - 0.2612 0.2768 0.3137 0.3471 0.402 0.4432
Distribution rate - - 32.5% 36.1% 35.1% 34.6% 32.5% 31.9%
Net sales 1 14.84 24.31 30.79 34.97 42.43 45.58 48.98 51.65
EBITDA 1 13.6 24.6 32.21 41.39 54.18 66.99 77.47 84.95
EBIT 1 12.61 23.4 30.72 39.84 52.44 64.88 74.21 82.42
Net income 1 75.38 54.4 48.44 57.05 72.57 68.44 77.88 92.06
Net Debt 1 - - 195.4 121 153.7 158.2 161.2 184.4
Reference price 2 1.470 1.750 1.790 3.950 5.210 4.600 4.600 4.600
Nbr of stocks (in thousands) 1,55,043 1,79,421 1,99,109 2,26,385 2,27,665 2,29,234 - -
Announcement Date 17/08/22 17/08/23 15/08/24 20/08/25 17/08/26 - - -
1AUD in Million2AUD
Estimates

P/E, Detailed evolution



P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
13.14x26.41x17.96x2.64% 73Cr
58.12x - - - 6.23TCr
12.5x4.38x11.24x3.85% 3.96TCr
8.48x1.49x8.31x4.17% 2.82TCr
18.13x3.98x16.02x1.35% 2.8TCr
5.67x0.75x1.55x8.73% 2.76TCr
13.88x3.09x14.79x2.52% 2.56TCr
9.88x1.93x7.95x4.25% 1.98TCr
8.18x2.92x6.81x-.--% 1.94TCr
7.52x0.83x3.03x2.97% 1.92TCr
Average 15.55x 5.09x 9.74x 3.39% 2.7TCr
Weighted average by Cap. 21.75x 2.68x 9.18x 3.64%

Y-o-Y evolution of P/E

Valuation ratios - P/E - Aspen Group

Historical PBR trend

Valuation ratios - PBR - Aspen Group

Evolution Enterprise Value / Sales

Valuation ratios - VE_REV - Aspen Group

Change in Enterprise Value/EBITDA

Valuation ratios - VE_EBITDA - Aspen Group


Year-on-year evolution of the Yield

Valuation ratios - Yield - Aspen Group
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