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Butn Valuation Multiples

Discover revenue and EBITDA valuation multiples for Butn and similar public comparables like Kaspi.kz, Affirm, and Beforepay Gr.

Butn Overview

About Butn

Butn Ltd is a B2B funder innovating the way SMEs fund and grow their businesses. It focuses on transactional funding helping businesses through their working capital constraints by financing individual transactions, leveraging end debtor's credit. The company earns revenue by charging a fixed funding fee on each transaction funded. The company has one operating segment, namely transactional funding.


Founded

2020

HQ

Australia
Employees

15

Website

butn.co

Sectors

BNPL

Financials

Last FY Revenue $9.6M

Last FY EBITDA $3.8M

EV

$73.7M

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Butn Financials

See Butn valuation multiples based on analyst estimates

Butn P&L

In the most recent fiscal year, Butn reported revenue of $9.6M and EBITDA of $3.8M.

Butn expects next 12-month revenue of  XXX    and NTM EBITDA of  XXX

See Butn valuation multiples based on analyst estimates
NTM Last FY FY 2025 FY 2026 FY 2027
Revenue XXX $9.6M XXX XXX XXX
Gross Profit XXX $9.6M XXX XXX XXX
Gross Margin XXX 100% XXX XXX XXX
EBITDA XXX $3.8M XXX XXX XXX
EBITDA Margin XXX 40% XXX XXX XXX
EBIT XXX $3.4M XXX XXX XXX
EBIT Margin XXX 36% XXX XXX XXX
Net Profit XXX -$1.7M XXX XXX XXX
Net Margin XXX -18% XXX XXX XXX
Net Debt XXX $48.9M XXX XXX XXX

Financial data powered by Morningstar, Inc.

Butn Stock Performance

Butn has current market cap of AUD 41.8M (or $27.4M), and EV of AUD 112M (or $73.7M).

Market Cap Evolution

Butn Stock Data

As of September 19, 2025, Butn's stock price is AUD 0 (or $0).

See Butn trading valuation data
EV Market Cap Price 1D Price 1M Price 3M Price 12M EPS
$73.7M $27.4M XXX XXX XXX XXX n/a

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Butn Valuation Multiples

Butn's trades at 8.0x EV/Revenue multiple, and 47.8x EV/EBITDA.

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Butn Financial Valuation Multiples

As of September 19, 2025, Butn has market cap of $27.4M and EV of $73.7M.

Equity research analysts estimate Butn's 2025E EV/Revenue multiple at  XXX and 2025E EV/EBITDA multiple at  XXX

Butn's P/E ratio is not available.

LTM NTM Last FY FY 2025 FY 2026 FY 2027
Market cap (current) $27.4M XXX $27.4M XXX XXX XXX
EV (current) $73.7M XXX $73.7M XXX XXX XXX
EV/Revenue n/a XXX 8.0x XXX XXX XXX
EV/EBITDA n/a XXX 47.8x XXX XXX XXX
EV/EBIT n/a XXX 635.0x XXX XXX XXX
EV/Gross Profit n/a XXX n/a XXX XXX XXX
P/E n/a XXX -5.6x XXX XXX XXX
EV/FCF n/a XXX -102.5x XXX XXX XXX

Valuation data powered by FactSet, Inc. and Morningstar, Inc.

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Butn Margins & Growth Rates

Butn's revenue per employee in the last FY averaged $0.6M, while opex per employee averaged $0.4M for the same period.

Butn's rule of 40 is unknown (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).

Butn's rule of X is unknown (created by Bessemer, rule of X is another metric relevant for SaaS companies only, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).

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Butn Operational Valuation Multiples

LTM NTM Last FY FY 2025 FY 2026 FY 2027
Revenue Growth n/a XXX n/a XXX XXX XXX
EBITDA Margin n/a XXX 17% XXX XXX XXX
EBITDA Growth n/a XXX n/a XXX XXX XXX
Rule of 40 n/a XXX n/a XXX XXX XXX
Bessemer Rule of X XXX XXX n/a XXX XXX XXX
Revenue per Employee XXX XXX $0.6M XXX XXX XXX
Opex per Employee XXX XXX $0.4M XXX XXX XXX
S&M Expenses to Revenue XXX XXX n/a XXX XXX XXX
G&A Expenses to Revenue XXX XXX n/a XXX XXX XXX
R&D Expenses to Revenue XXX XXX n/a XXX XXX XXX
Opex to Revenue XXX XXX 64% XXX XXX XXX

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Butn Public Comps

See public comps and valuation multiples for BNPL comps
EV/Revenue EV/EBITDA
2025E 2026E 2027E 2025E 2026E 2027E
Beforepay Gr XXX XXX XXX XXX XXX XXX
Humm Group XXX XXX XXX XXX XXX XXX
Zip Co XXX XXX XXX XXX XXX XXX
Affirm XXX XXX XXX XXX XXX XXX
Kaspi.kz XXX XXX XXX XXX XXX XXX
XXXXXXXX XXX XXX XXX XXX XXX XXX
XXXXXXXX XXX XXX XXX XXX XXX XXX

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Butn M&A and Investment Activity

Butn acquired  XXX companies to date.

Last acquisition by Butn was  XXXXXXXX, XXXXX XXXXX XXXXXX . Butn acquired  XXXXXXXX for  XXX (EV/Revenue multiple of  XXX ).

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Latest Acquisitions by Butn

Acquired Company EV EV/Revenue EV/EBITDA
XXXXXXXXX XXX XXX XXX
XXXXXXXXX XXX XXX XXX
XXXXXXXXX XXX XXX XXX
XXXXXXXXX XXX XXX XXX
XXXXXXXXX XXX XXX XXX

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About Butn

When was Butn founded? Butn was founded in 2020.
Where is Butn headquartered? Butn is headquartered in Australia.
How many employees does Butn have? As of today, Butn has 15 employees.
Is Butn publicy listed? Yes, Butn is a public company listed on ASX.
What is the stock symbol of Butn? Butn trades under BTN ticker.
When did Butn go public? Butn went public in 2021.
Who are competitors of Butn? Similar companies to Butn include e.g. Beforepay Gr, Humm Group, Zip Co, Affirm.
What is the current market cap of Butn? Butn's current market cap is $27.4M
Is Butn profitable? Yes, Butn is EBITDA-positive (as of the last 12 months).

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