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Change Financial Ltd is a fintech company. It develops payment processors and provides mobile banking services through its mobile application. The company operates in a single segment that is the development and provision of card payments software and services. The company serves business and financial institutions.
2011
80
LTM Revenue $22.6M
LTM EBITDA $1.0M
$25.9M
Benchmark forward-looking revenue and EBITDA valuation multiples across generative AI, climate tech, semiconductors, online marketplaces, vertical SaaS and 220 more verticals.
Change Financial has a last 12-month revenue (LTM) of $22.6M and a last 12-month EBITDA of $1.0M.
In the most recent fiscal year, Change Financial achieved revenue of $6.8M and an EBITDA of -$0.4M.
Change Financial expects next 12-month revenue of XXX and NTM EBITDA of XXX
See Change Financial valuation multiples based on analyst estimates| LTM | NTM | Last FY | FY 2025 | FY 2026 | FY 2027 | |
|---|---|---|---|---|---|---|
| Revenue | $22.6M | XXX | $6.8M | XXX | XXX | XXX |
| Gross Profit | $16.0M | XXX | $6.8M | XXX | XXX | XXX |
| Gross Margin | 71% | XXX | 100% | XXX | XXX | XXX |
| EBITDA | $1.0M | XXX | -$0.4M | XXX | XXX | XXX |
| EBITDA Margin | 4% | XXX | -6% | XXX | XXX | XXX |
| EBIT | -$1.5M | XXX | -$1.5M | XXX | XXX | XXX |
| EBIT Margin | -7% | XXX | -22% | XXX | XXX | XXX |
| Net Profit | -$1.9M | XXX | -$1.7M | XXX | XXX | XXX |
| Net Margin | -8% | XXX | -24% | XXX | XXX | XXX |
| Net Debt | XXX | XXX | n/a | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
As of May 30, 2025, Change Financial's stock price is AUD 0 (or $0).
Change Financial has current market cap of AUD 45.3M (or $29.1M), and EV of AUD 40.4M (or $25.9M).
See Change Financial trading valuation data| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $25.9M | $29.1M | XXX | XXX | XXX | XXX | $-0.00 |
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Start Free TrialAs of May 30, 2025, Change Financial has market cap of $29.1M and EV of $25.9M.
Change Financial's trades at 2.4x EV/Revenue multiple, and 148.3x EV/EBITDA.
Equity research analysts estimate Change Financial's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
Change Financial has a P/E ratio of -24.1x.
See valuation multiples for Change Financial and 12K+ public comps| LTM | NTM | Last FY | FY 2025 | FY 2026 | FY 2027 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $29.1M | XXX | $29.1M | XXX | XXX | XXX |
| EV (current) | $25.9M | XXX | $25.9M | XXX | XXX | XXX |
| EV/Revenue | 1.8x | XXX | 2.4x | XXX | XXX | XXX |
| EV/EBITDA | 41.0x | XXX | 148.3x | XXX | XXX | XXX |
| EV/EBIT | -27.1x | XXX | -21.5x | XXX | XXX | XXX |
| EV/Gross Profit | 2.5x | XXX | n/a | XXX | XXX | XXX |
| P/E | -24.1x | XXX | -21.2x | XXX | XXX | XXX |
| EV/FCF | 11.7x | XXX | 46.6x | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Access all public comps and forward-looking valuation multiples like EV/Revenue in 2025, based on equity research analyst estimates.
Start Free TrialChange Financial's last 12 month revenue growth is 42%
Change Financial's revenue per employee in the last FY averaged $0.1M, while opex per employee averaged $0.1M for the same period.
Change Financial's rule of 40 is 33% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
Change Financial's rule of X is 111% (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).
See operational valuation multiples for Change Financial and other 12K+ public comps| LTM | NTM | Last FY | FY 2025 | FY 2026 | FY 2027 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 42% | XXX | 48% | XXX | XXX | XXX |
| EBITDA Margin | 4% | XXX | 2% | XXX | XXX | XXX |
| EBITDA Growth | 402% | XXX | n/a | XXX | XXX | XXX |
| Rule of 40 | 33% | XXX | 44% | XXX | XXX | XXX |
| Bessemer Rule of X | XXX | XXX | 111% | XXX | XXX | XXX |
| Revenue per Employee | XXX | XXX | $0.1M | XXX | XXX | XXX |
| Opex per Employee | XXX | XXX | $0.1M | XXX | XXX | XXX |
| S&M Expenses to Revenue | XXX | XXX | 2% | 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 | 122% | XXX | XXX | XXX |
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Benchmark public comps and private revenue and EBITDA valuation multiples across GRC software, cloud infrastructure, DevOps, online marketplaces and so much more!
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| 2025E | 2026E | 2027E | 2025E | 2026E | 2027E | |
| Allfunds Group | XXX | XXX | XXX | XXX | XXX | XXX |
| Bravura Solutions | XXX | XXX | XXX | XXX | XXX | XXX |
| Computershare | XXX | XXX | XXX | XXX | XXX | XXX |
| FINEOS | XXX | XXX | XXX | XXX | XXX | XXX |
| IRESS | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc.
Change Financial acquired XXX companies to date.
Last acquisition by Change Financial was XXXXXXXX, XXXXX XXXXX XXXXXX . Change Financial acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX ).
See M&A valuation multiples| 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 |
Sign up to see revenue and EBITDA valuation multiples for 60K+ M&A deals.
Start Free Trial| When was Change Financial founded? | Change Financial was founded in 2011. |
| Where is Change Financial headquartered? | Change Financial is headquartered in Australia. |
| How many employees does Change Financial have? | As of today, Change Financial has 80 employees. |
| Is Change Financial publicy listed? | Yes, Change Financial is a public company listed on ASX. |
| What is the stock symbol of Change Financial? | Change Financial trades under CCA ticker. |
| When did Change Financial go public? | Change Financial went public in 2016. |
| Who are competitors of Change Financial? | Similar companies to Change Financial include e.g. Allfunds Group, Bravura Solutions, Computershare, FINEOS. |
| What is the current market cap of Change Financial? | Change Financial's current market cap is $29.1M |
| What is the current revenue of Change Financial? | Change Financial's last 12 months revenue is $22.6M. |
| What is the current revenue growth of Change Financial? | Change Financial revenue growth (NTM/LTM) is 42%. |
| What is the current EV/Revenue multiple of Change Financial? | Current revenue multiple of Change Financial is 1.8x. |
| Is Change Financial profitable? | Yes, Change Financial is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of Change Financial? | Change Financial's last 12 months EBITDA is $1.0M. |
| What is Change Financial's EBITDA margin? | Change Financial's last 12 months EBITDA margin is 4%. |
| What is the current EV/EBITDA multiple of Change Financial? | Current EBITDA multiple of Change Financial is 41.0x. |
| What is the current FCF of Change Financial? | Change Financial's last 12 months FCF is $3.5M. |
| What is Change Financial's FCF margin? | Change Financial's last 12 months FCF margin is 15%. |
| What is the current EV/FCF multiple of Change Financial? | Current FCF multiple of Change Financial is 11.7x. |
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