Company Valuation: Appen Limited

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 1,374 307.4 133.2 688.3 212.5 265.8 - -
Change - -77.62% -56.66% 416.68% -69.13% 25.11% - -
Enterprise Value (EV) 1 1,307 272.6 84.03 601.8 141.1 187.4 161 124.6
Change - -79.15% -69.17% 616.16% -76.55% 32.78% -14.07% -22.65%
P/E 35.4x -0.87x -0.5x -19.1x -6.85x 23.6x 7.55x 5.93x
PBR 2.54x 1.4x 0.94x 3.81x 1.59x 1.83x 1.42x 1.11x
PEG - 0x 0x 0.2x 0.4x -0x 0x 0.2x
Capitalization / Revenue 2.22x 0.53x 0.32x 1.85x 0.65x 0.68x 0.54x 0.46x
EV / Revenue 2.12x 0.47x 0.2x 1.62x 0.43x 0.48x 0.33x 0.21x
EV / EBITDA 12.2x 16.7x -2.25x 48.7x 7.93x 5.23x 2.19x 1.37x
EV / EBIT 22.2x -6.01x -0.92x -24.6x -4.56x -5.51x -6.04x -5.85x
EV / FCF 30.1x -18.9x -2.22x -155x 5.27x -89.9x 5.42x 3.05x
FCF Yield 3.32% -5.29% -45.1% -0.64% 19% -1.11% 18.4% 32.8%
Dividend per Share 2 0.1 - - - - - - -
Rate of return 0.9% - - - - - - -
EPS 2 0.3155 -2.878 -1.272 -0.138 -0.1168 0.042 0.1312 0.1669
Distribution rate 31.7% - - - - - - -
Net sales 1 617.6 576.9 419.5 372.2 326.7 391.1 490.7 581.5
EBITDA 1 107.3 16.36 -37.4 12.35 17.8 35.81 73.49 90.74
EBIT 1 58.88 -45.39 -91.18 -24.48 -30.93 -34.04 -26.68 -21.28
Net income 1 39.38 -355 -180.7 -31.6 -30.88 8.244 35.8 46.22
Net Debt 1 -66.11 -34.79 -49.2 -86.56 -71.37 -78.45 -104.8 -141.3
Reference price 2 11.1600 2.4900 0.6300 2.6400 0.8000 0.9900 0.9900 0.9900
Nbr of stocks (in thousands) 123,075 123,446 211,467 260,735 265,611 268,524 - -
Announcement Date 2/23/22 2/26/23 2/26/24 2/25/25 2/24/26 - - -
1AUD in Million2AUD
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
23.29x3.78x13.24x2.86% 223B
23.2x4.87x11.94x0.71% 200B
16.18x1.84x9.47x2.92% 140B
-124.14x17.22x94.68x-.--% 111B
-513.36x36.45x149.74x-.--% 106B
16.05x2.89x11.16x5.02% 93.91B
22.79x5.9x14.48x2.49% 68.05B
14.79x2.15x9.15x5.27% 48.3B
24.34x2.02x12.8x1.28% 47.63B
Average -55.21x 8.57x 36.30x 2.28% 115.25B
Weighted average by Cap. -49.35x 8.41x 34.84x 2.07%

Y-o-Y evolution of P/E

Valuation ratios - P/E - Appen Limited

Historical PBR trend

Valuation ratios - PBR - Appen Limited

Evolution Enterprise Value / Sales

Valuation ratios - VE_REV - Appen Limited

Change in Enterprise Value/EBITDA

Valuation ratios - VE_EBITDA - Appen Limited


Year-on-year evolution of the Yield

Valuation ratios - Yield - Appen Limited