Company Valuation: Cogstate Limited

Data adjusted to current consolidation scope
Fiscal Period: June 2022 2023 2024 2025 2026 2027 2028 2029
Market Cap 1 264.4 285.8 191.3 294.8 463.8 523.4 - -
Change - 8.08% -33.06% 54.11% 57.33% 12.84% - -
Enterprise Value (EV) 1 222.1 241.5 147.6 239.4 463.8 461.5 447.8 431.4
Change - 8.73% -38.86% 62.15% 93.73% -0.5% -2.97% -3.65%
P/E 24.8x 51.2x 23.9x 19.2x 27.9x 24.5x 20.1x 16.6x
PBR - - - - - - - -
PEG - -1.1x 0.5x 0.2x 3.57x 0.9x 0.9x 0.8x
Capitalization / Revenue 4.06x 4.51x 2.97x 3.61x 5.42x 4.89x 4.29x 3.75x
EV / Revenue 3.41x 3.82x 2.29x 2.93x 5.42x 4.31x 3.67x 3.09x
EV / EBITDA 11.8x 29.2x 10.8x 9.75x 18x 13.9x 11.2x 8.99x
EV / EBIT 14.3x 57.2x 15.3x 12x 21.6x 17.2x 13.5x 10.4x
EV / FCF 16.5x 295x 18.7x 13.8x - 19x 17.9x 13.9x
FCF Yield 6.07% 0.34% 5.35% 7.27% - 5.25% 5.57% 7.2%
Dividend per Share 2 - - - - - 0.0528 0.0637 0.0795
Rate of return - - - - - 1.71% 2.07% 2.58%
EPS 2 0.0616 0.0322 0.047 0.0908 0.0979 0.1257 0.1533 0.1852
Distribution rate - - - - - 42% 41.6% 42.9%
Net sales 1 65.19 63.29 64.33 81.71 85.59 107.1 122 139.5
EBITDA 1 18.85 8.28 13.72 24.56 25.79 33.25 40.05 47.97
EBIT 1 15.49 4.22 9.66 20.03 21.44 26.8 33.21 41.36
Net income 1 10.9 5.582 8.073 15.8 16.73 21.71 26.49 31.93
Net Debt 1 -42.3 -44.28 -43.63 -55.38 - -61.87 -75.6 -91.93
Reference price 2 1.525 1.650 1.120 1.745 2.730 3.080 3.080 3.080
Nbr of stocks (in thousands) 173,368 173,186 170,779 168,927 169,884 169,919 - -
Announcement Date 8/29/22 8/21/23 8/21/24 8/21/25 8/17/26 - - -
1AUD in Million2AUD
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
34.28x6.11x18.18x0.94% 50.47B
-21.19x258.61x-22.63x-.--% 44.56B
33.71x3.27x14.1x-.--% 43.08B
48.04x5.57x30.46x-.--% 41.7B
28.96x8.75x22.11x0.4% 33.21B
34.16x5.6x25.43x-.--% 16.77B
24.12x2.1x9.08x1.12% 14.58B
77.98x4.1x15.89x-.--% 13.92B
Average 32.51x 36.76x 14.08x 0.31% 32.28B
Weighted average by Cap. 27.93x 49.08x 12.78x 0.3%

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