Company Valuation: Xref Limited

Data adjusted to current consolidation scope
Fiscal Period: June 2020 2021 2022 2023 2024 2025
Market Cap 1 29.82 55.6 78.75 31.65 34.03 34.11
Change - 86.44% 41.63% -59.81% 7.54% 0.23%
Enterprise Value (EV) 1 27.43 52.16 72.04 30.15 37.8 36.66
Change - 90.14% 38.11% -58.15% 25.37% -3.01%
P/E -2.88x 764x 118x -9.39x -5.92x -15.6x
PBR -12.4x -55.1x 53.5x -156x -5.82x -7.78x
PEG - -8x 0x 0x -0.1x 0.2x
Capitalization / Revenue 3.71x 4.43x 4.24x 1.55x 1.71x 1.6x
EV / Revenue 3.42x 4.15x 3.87x 1.48x 1.9x 1.72x
EV / EBITDA -2.6x -103x 57.2x -11.4x -7.76x -19.6x
EV / EBIT -2.58x -90.6x 61.5x -10.6x -6.81x -17x
EV / FCF -6.78x 176x 31.1x 164x -10.5x -11.4x
FCF Yield -14.8% 0.57% 3.22% 0.61% -9.49% -8.78%
Dividend per Share 2 - - - - - -
Rate of return - - - - - -
EPS 2 -0.0582 0.000399 0.003599 -0.0181 -0.0304 -0.009954
Distribution rate - - - - - -
Net sales 1 8.028 12.56 18.59 20.4 19.86 21.31
EBITDA 1 -10.55 -0.5067 1.259 -2.639 -4.872 -1.872
EBIT 1 -10.65 -0.5758 1.172 -2.852 -5.55 -2.152
Net income 1 -10.06 0.0781 0.7296 -3.359 -5.681 -1.953
Net Debt 1 -2.393 -3.446 -6.714 -1.503 3.76 2.545
Reference price 2 0.1675 0.3050 0.4250 0.1700 0.1800 0.1550
Nbr of stocks (in thousands) 178,056 182,309 185,296 186,176 189,083 220,090
Announcement Date 8/31/20 8/31/21 8/23/22 8/28/23 8/27/24 8/27/25
1AUD in Million2AUD
Estimates

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
- - - - 12.27M
18.2x2.93x9.77x2.61% 4.21B
48.23x0.16x5.81x0.56% 1.63B
8.07x0.93x2.84x-.--% 1.03B
11.2x3.35x7.51x7.05% 807M
13.09x0.95x9.01x5.71% 663M
17.54x0.18x12.93x - 257M
4.79x - - - 73.42M
9.58x2.31x5.47x0.73% 68.01M
Average 16.34x 1.54x 7.62x 2.78% 971.48M
Weighted average by Cap. 21.37x 1.97x 8.00x 2.55%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

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  4. Valuation Xref Limited