Company Valuation: Tivan Limited

Data adjusted to current consolidation scope
Fiscal Period: June 2020 2021 2022 2023 2024 2025
Market Cap 1 69.72 74.97 69.42 110.1 120.2 190.2
Change - 7.53% -7.4% 58.66% 9.09% 58.33%
Enterprise Value (EV) 1 61.27 63.19 54.89 109.1 123.3 184.5
Change - 3.12% -13.13% 98.67% 13.1% 49.54%
P/E -23.9x -24.7x -13.5x -14.2x -1.71x -35.3x
PBR 1.31x 1.18x 0.98x 1.53x 8.69x 4.9x
PEG - 3.87x -0.3x -0.3x -0x 0.4x
Capitalization / Revenue 468x 407x - 1,469x 9,243x 2,757x
EV / Revenue 411x 343x - 1,454x 9,488x 2,673x
EV / EBITDA -20x -21.8x -12.6x -15.2x -1.96x -25.7x
EV / EBIT -19.7x -21.6x -11.1x -15.1x -1.96x -25.5x
EV / FCF -3.79x -4.72x -5.13x -18.9x -2.82x -7.49x
FCF Yield -26.4% -21.2% -19.5% -5.28% -35.5% -13.3%
Dividend per Share 2 - - - - - -
Rate of return - - - - - -
EPS 2 -0.002599 -0.002433 -0.0037 -0.005218 -0.0426 -0.002603
Distribution rate - - - - - -
Net sales 1 0.149 0.184 - 0.075 0.013 0.069
EBITDA 1 -3.065 -2.898 -4.35 -7.187 -62.96 -7.182
EBIT 1 -3.103 -2.925 -4.94 -7.233 -63.03 -7.24
Net income 1 -2.885 -2.905 -4.895 -7.082 -67.84 -4.907
Net Debt 1 -8.447 -11.78 -14.53 -1.086 3.191 -5.789
Reference price 2 0.0620 0.0600 0.0500 0.0740 0.0730 0.0920
Nbr of stocks (in thousands) 1,124,545 1,249,497 1,388,418 1,488,418 1,645,949 2,067,820
Announcement Date 22/09/20 17/09/21 29/09/22 25/09/23 30/09/24 25/09/25
1AUD in Million2AUD
Estimates

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
- - - - 415M
17.98x4.26x7.66x3.23% 237B
12.28x3.02x6.58x4.79% 177B
17x4.81x7.94x2.83% 109B
13.22x0.4x6.53x3.14% 95.47B
27.3x6.77x17.77x-.--% 69.06B
52.91x3.26x8.03x1.17% 59.4B
15.68x3.24x6.4x0.57% 33.95B
14.65x4.79x7.22x3.97% 32.33B
13.51x4.87x8.64x3.76% 26.27B
Average 20.50x 3.93x 8.53x 2.61% 84.09B
Weighted average by Cap. 18.98x 3.76x 8.16x 3.02%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

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  4. Valuation Tivan Limited