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 1,036 - -
Change - 37.77% 13.51% 150.9% 32.64% -12.65% - -
Enterprise Value (EV) 1 227.9 314 551.8 1,015 1,340 1,194 1,197 1,220
Change - 37.77% 75.74% 83.99% 31.98% -10.87% 0.25% 1.94%
P/E - - 6.85x 14.3x 16.6x 13x 11.2x 10.2x
PBR - - - - - 1.53x 1.38x 1.24x
PEG - - - 2.39x 1.2x 1.2x 0.7x 1x
Capitalization / Revenue 15.4x 12.9x 11.6x 25.6x 28x 22.7x 21.2x 20.1x
EV / Revenue 15.4x 12.9x 17.9x 29x 31.6x 26.2x 24.4x 23.6x
EV / EBITDA 16.8x 12.8x 17.1x 24.5x 24.7x 17.8x 15.5x 14.4x
EV / EBIT 18.1x 13.4x 18x 25.5x 25.6x 18.4x 16.1x 14.8x
EV / FCF - - - - 25.8x 105x 71.1x 55.2x
FCF Yield - - - - 3.88% 0.95% 1.41% 1.81%
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% 2.66% 2.89% 3.13%
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 4.520 4.520 4.520
Nbr of stocks (in thousands) 155,043 179,421 199,109 226,385 227,665 229,234 - -
Announcement Date 8/17/22 A 8/17/23 A 8/15/24 A 8/20/25 A 8/17/26 A - - -
1AUD in Million2AUD
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
13.02x26.21x17.83x2.66% 721M
59.04x - - - 63.25B
12.53x4.39x11.26x3.84% 39.65B
8.31x1.48x8.22x4.26% 27.66B
5.61x0.73x1.51x8.77% 27.43B
16.97x3.84x15.45x1.44% 26.01B
13.21x3.02x14.45x2.65% 24.22B
8.18x2.92x6.81x-.--% 19.35B
9.84x1.92x7.92x4.27% 19.78B
7.65x0.85x3.08x2.92% 19.56B
Average 15.44x 5.04x 9.61x 3.42% 26.76B
Weighted average by Cap. 22.00x 2.63x 8.95x 3.7%

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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