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 1,204 - -
Change - 49.51% 37.77% 13.51% 150.9% 34.68% - -
Enterprise Value (EV) 1 152.4 227.9 314 551.8 1,015 1,347 1,345 1,342
Change - 49.51% 37.77% 75.74% 83.99% 32.65% -0.12% -0.23%
P/E 6.01x - - 6.85x 14.3x 14.7x 11.7x 10.6x
PBR - - - - - - - -
PEG - - - - 2.39x 0.5x 0.5x 1x
Capitalization / Revenue 10.3x 15.4x 12.9x 11.6x 25.6x 29.1x 26.5x 24.5x
EV / Revenue 10.3x 15.4x 12.9x 17.9x 29x 32.5x 29.6x 27.3x
EV / EBITDA 14.7x 16.8x 12.8x 17.1x 24.5x 25x 20.8x 18.1x
EV / EBIT 15.9x 18.1x 13.4x 18x 25.5x 25.4x 20.9x 18.7x
EV / FCF - - - - - 49.9x 105x 81.8x
FCF Yield - - - - - 2% 0.95% 1.22%
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% 2.08% 2.33% 2.56%
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 5.290 5.290 5.290
Nbr of stocks (in thousands) 116,368 155,043 179,421 199,109 226,385 227,665 - -
Announcement Date 8/19/21 A 8/17/22 A 8/17/23 A 8/15/24 A 8/20/25 A - - -
1AUD in Million2AUD
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
14.38x31.95x24.59x2.12% 834M
15.81x4.97x13.39x3.21% 44.96B
8.7x1.5x7.85x4.08% 30.07B
18.88x4.02x16.4x1.32% 28.9B
6.02x0.74x1.53x8.36% 28.78B
13.7x3.04x14.59x2.56% 25.3B
8.43x0.93x3.4x2.65% 21.55B
9.12x2.36x7.24x3.82% 21.5B
14.1x6.63x17.74x1.51% 20.59B
10.11x1.64x14.19x3.74% 18.42B
Average 11.92x 5.78x 12.09x 3.34% 24.09B
Weighted average by Cap. 12.05x 3.10x 10.80x 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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