Company Valuation: Aspen Group

Data adjusted to current consolidation scope
Fiscal Period: June 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 152.4 227.9 314 356.4 894.2 1,136 - -
Change - 49.51% 37.77% 13.51% 150.9% 27.04% - -
Enterprise Value (EV) 1 152.4 227.9 314 551.8 1,015 1,282 1,293 1,301
Change - 49.51% 37.77% 75.74% 83.99% 26.32% 0.79% 0.68%
P/E 6.01x - - 6.85x 14.3x 17.5x 14.7x 13x
PBR - - - - - 1.88x 1.7x 1.54x
PEG - - - - 2.39x 5.59x 0.8x 1x
Capitalization / Revenue 10.3x 15.4x 12.9x 11.6x 25.6x 27.7x 25.2x 23.6x
EV / Revenue 10.3x 15.4x 12.9x 17.9x 29x 31.2x 28.7x 27x
EV / EBITDA 14.7x 16.8x 12.8x 17.1x 24.5x 23.8x 20x 17.6x
EV / EBIT 15.9x 18.1x 13.4x 18x 25.5x 23.9x 19.9x 17.7x
EV / FCF - - - - - 47.5x 101x 79.4x
FCF Yield - - - - - 2.11% 0.99% 1.26%
Dividend per Share 2 0.066 0.066 0.0775 0.085 0.1 0.11 0.123 0.1354
Rate of return 5.04% 4.49% 4.43% 4.75% 2.53% 2.2% 2.46% 2.71%
EPS 2 0.2181 - - 0.2612 0.2768 0.2855 0.3388 0.3842
Distribution rate 30.3% - - 32.5% 36.1% 38.5% 36.3% 35.2%
Net sales 1 14.84 14.84 24.31 30.79 34.97 41.05 45.1 48.2
EBITDA 1 10.34 13.6 24.6 32.21 41.39 53.85 64.55 73.99
EBIT 1 9.61 12.61 23.4 30.72 39.84 53.56 65.12 73.4
Net income 1 25.39 75.38 54.4 48.44 57.05 62.28 63.65 72.3
Net Debt 1 - - - 195.4 121 146.4 156.5 165.3
Reference price 2 1.310 1.470 1.750 1.790 3.950 4.990 4.990 4.990
Nbr of stocks (in thousands) 116,368 155,043 179,421 199,109 226,385 227,665 - -
Announcement Date 19/08/21 17/08/22 17/08/23 15/08/24 20/08/25 - - -
1AUD in Million2AUD
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
17.3x30.93x23.56x2.23% 787M
15.78x4.97x13.37x3.21% 44.9B
20.45x4.21x17.18x1.22% 30.13B
8.47x1.48x7.57x4.16% 29.81B
5.69x0.63x1.31x8.85% 27.19B
14.69x3.15x15.08x2.39% 26.11B
9.19x2.37x7.3x3.8% 21.66B
15.17x6.87x18.36x1.4% 21.34B
10.27x1.65x14.29x3.68% 18.7B
Average 13.00x 6.25x 13.11x 3.44% 24.51B
Weighted average by Cap. 12.89x 3.38x 11.82x 3.59%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

Year-on-year evolution of the Yield

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