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 31/8/20 31/8/21 23/8/22 28/8/23 27/8/24 27/8/25
1AUD in Million2AUD
Estimates

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
20.27x3.58x11.05x1.83% 4.88B
50.69x0.21x7.35x-.--% 2B
10.64x1.13x3.67x-.--% 1.09B
13.99x4.23x9.54x5.18% 1.03B
12.42x0.89x8.49x6.02% 629M
14.99x0.15x10.75x - 218M
9.93x - - 0.66% 75.45M
Average 18.99x 1.70x 8.48x 2.28% 1.42B
Weighted average by Cap. 24.00x 2.45x 9.16x 1.87%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA