Company Valuation: OpenLearning Limited

Data adjusted to current consolidation scope
Fiscal Period: December 2020 2021 2022 2023 2024 2025
Market Cap 1 41.83 19.34 6.697 4.822 8.205 30.5
Change - -53.76% -65.38% -28% 70.18% 271.68%
Enterprise Value (EV) 1 33.55 14.88 4.492 6.769 9.311 28.4
Change - -55.66% -69.81% 50.68% 37.56% 205.05%
P/E -6.53x -2.44x -0.98x -1.09x -2.13x -4.76x
PBR 5.25x 4.69x 2.77x -2.4x -11.1x 28.4x
PEG - -0.8x 0x 0x 0x -1.91x
Capitalization / Revenue 22.1x 5.51x 2.11x 2.1x 3.59x 9.58x
EV / Revenue 17.8x 4.24x 1.42x 2.95x 4.08x 8.93x
EV / EBITDA -5.83x -2.16x -0.81x -1.79x -3.46x -7.25x
EV / EBIT -5.81x -2.15x -0.79x -1.73x -3.45x -7.15x
EV / FCF -11.4x -3.48x -1.09x -2.53x -4.41x -26.3x
FCF Yield -8.79% -28.8% -91.7% -39.6% -22.7% -3.8%
Dividend per Share 2 - - - - - -
Rate of return - - - - - -
EPS 2 -0.039 -0.0402 -0.0255 -0.0165 -0.008 -0.008199
Distribution rate - - - - - -
Net sales 1 1.889 3.508 3.167 2.294 2.284 3.182
EBITDA 1 -5.754 -6.885 -5.534 -3.782 -2.69 -3.918
EBIT 1 -5.77 -6.904 -5.669 -3.921 -2.702 -3.971
Net income 1 -5.624 -6.726 -5.648 -4.422 -2.852 -4.097
Net Debt 1 -8.273 -4.464 -2.205 1.947 1.106 -2.095
Reference price 2 0.2550 0.0980 0.0250 0.0180 0.0170 0.0390
Nbr of stocks (in thousands) 164,025 197,358 267,869 267,869 482,675 782,006
Announcement Date 3/31/21 3/31/22 3/28/23 3/28/24 3/31/25 3/31/26
1AUD in Million2AUD
Estimates


P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
- - - - 6.59M
26.44x9.75x15.92x0.74% 3,870B
126.43x55.94x91.06x-.--% 471B
18.9x5.5x9.58x1.59% 381B
225.19x19.61x57.41x-.--% 284B
29.88x6.1x19.08x1.25% 278B
2379.4x39.78x130.12x-.--% 244B
99.58x9.89x26.46x-.--% 162B
56.07x15.15x39.92x-.--% 128B
14.83x3.94x8.25x-.--% 105B
Average 330.75x 18.41x 44.20x 0.4% 592.38B
Weighted average by Cap. 143.02x 14.71x 29.01x 0.65%

Y-o-Y evolution of P/E

Valuation ratios - P/E - OpenLearning Limited

Historical PBR trend

Valuation ratios - PBR - OpenLearning Limited

Evolution Enterprise Value / Sales

Valuation ratios - VE_REV - OpenLearning Limited

Change in Enterprise Value/EBITDA

Valuation ratios - VE_EBITDA - OpenLearning Limited

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