Company Valuation: Cogstate Limited

Data adjusted to current consolidation scope
Fiscal Period: June 2022 2023 2024 2025 2026 2027 2028 2029
Market Cap 1 264.4 285.8 191.3 294.8 463.8 559 - -
Change - 8.08% -33.06% 54.11% 57.33% 20.54% - -
Enterprise Value (EV) 1 222.1 241.5 147.6 239.4 414.9 494.8 477.3 458
Change - 8.73% -38.86% 62.15% 73.3% 19.26% -3.55% -4.03%
P/E 24.8x 51.2x 23.9x 19.2x 27.9x 26.1x 20.9x 17.4x
PBR - - - - - 5.47x 4.39x 3.54x
PEG - -1.1x 0.5x 0.2x 3.57x 0.9x 0.8x 0.9x
Capitalization / Revenue 4.06x 4.51x 2.97x 3.61x 5.42x 5.23x 4.56x 4x
EV / Revenue 3.41x 3.82x 2.29x 2.93x 4.85x 4.63x 3.89x 3.28x
EV / EBITDA 11.8x 29.2x 10.8x 9.75x 16.1x 14.8x 11.8x 9.44x
EV / EBIT 14.3x 57.2x 15.3x 12x 19.3x 18x 13.9x 10.8x
EV / FCF 16.5x 295x 18.7x 13.8x 36.9x 20.4x 19.1x 14.8x
FCF Yield 6.07% 0.34% 5.35% 7.27% 2.71% 4.9% 5.23% 6.78%
Dividend per Share 2 - - - - 0.0422 0.0495 0.0585 0.0696
Rate of return - - - - 1.55% 1.51% 1.78% 2.12%
EPS 2 0.0616 0.0322 0.047 0.0908 0.0979 0.1262 0.1578 0.1887
Distribution rate - - - - 43.1% 39.2% 37.1% 36.9%
Net sales 1 65.19 63.29 64.33 81.71 85.59 107 122.6 139.6
EBITDA 1 18.85 8.28 13.72 24.56 25.79 33.34 40.57 48.53
EBIT 1 15.49 4.22 9.66 20.03 21.44 27.41 34.39 42.39
Net income 1 10.9 5.582 8.073 15.8 16.73 21.73 26.88 32.49
Net Debt 1 -42.3 -44.28 -43.63 -55.38 -48.91 -64.24 -81.78 -101
Reference price 2 1.525 1.650 1.120 1.745 2.730 3.290 3.290 3.290
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.($)
21.73x7.71x15.48x1.37% 74.16B
29.82x8.57x26.7x0.04% 57.39B
32.98x5.93x17.77x0.98% 47.64B
-21.31x230.81x-22.97x-.--% 44.29B
33.26x3.23x13.97x-.--% 42.5B
46.77x5.41x29.66x-.--% 40.71B
27.63x7.93x20.48x0.41% 30.97B
32.99x7.05x18.3x-.--% 28.53B
-15.1x5.68x-7.14x-.--% 24.34B
Average 20.98x 31.37x 12.47x 0.31% 43.39B
Weighted average by Cap. 22.27x 32.04x 13.55x 0.42%

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