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 1,154 - -
Change - 49.51% 37.77% 13.51% 150.9% 29.08% - -
Enterprise Value (EV) 1 152.4 227.9 314 551.8 1,015 1,297 1,295 1,292
Change - 49.51% 37.77% 75.74% 83.99% 27.72% -0.12% -0.24%
P/E 6.01x - - 6.85x 14.3x 14x 11.2x 10.1x
PBR - - - - - - - -
PEG - - - - 2.39x 0.5x 0.4x 0.9x
Capitalization / Revenue 10.3x 15.4x 12.9x 11.6x 25.6x 27.9x 25.4x 23.5x
EV / Revenue 10.3x 15.4x 12.9x 17.9x 29x 31.3x 28.5x 26.3x
EV / EBITDA 14.7x 16.8x 12.8x 17.1x 24.5x 24.1x 20.1x 17.5x
EV / EBIT 15.9x 18.1x 13.4x 18x 25.5x 24.4x 20.1x 18x
EV / FCF - - - - - 48x 101x 78.8x
FCF Yield - - - - - 2.08% 0.99% 1.27%
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% 2.17% 2.43% 2.67%
EPS 2 0.2181 - - 0.2612 0.2768 0.361 0.451 0.501
Distribution rate 30.3% - - 32.5% 36.1% 30.5% 27.3% 27%
Net sales 1 14.84 14.84 24.31 30.79 34.97 41.43 45.4 49.1
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 53.11 64.37 71.91
Net income 1 25.39 75.38 54.4 48.44 57.05 65.9 66.66 75.15
Net Debt 1 - - - 195.4 121 142.4 140.8 137.8
Reference price 2 1.310 1.470 1.750 1.790 3.950 5.070 5.070 5.070
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.($)
14.04x31.3x24.08x2.17% 810M
16x5.02x13.52x3.17% 45.53B
8.59x1.49x7.62x4.11% 30.19B
19.43x4.08x16.67x1.28% 29.4B
5.54x0.58x1.2x9.09% 26.47B
14.43x3.12x14.95x2.44% 26.35B
9.06x2.34x7.19x3.85% 21.35B
14.46x6.71x17.95x1.47% 20.88B
7.79x0.86x3.14x2.87% 19.93B
Average 12.15x 6.17x 11.81x 3.38% 24.55B
Weighted average by Cap. 12.44x 3.28x 10.74x 3.54%

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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