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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 $21.5M
LTM EBITDA $0.7M
$19.8M
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 of $21.5M and a last 12-month EBITDA of $0.7M.
In the most recent fiscal year, Change Financial achieved revenue of $6.6M 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| FY 2023 | FY 2024 | FY 2025 | LTM | NTM | |
|---|---|---|---|---|---|
| Revenue | $5.5M | $6.6M | XXX | XXX | XXX |
| Gross Profit | $5.2M | $5.5M | XXX | XXX | XXX |
| Gross Margin | 94% | 82% | XXX | XXX | XXX |
| EBITDA | -$0.8M | -$0.4M | XXX | XXX | XXX |
| EBITDA Margin | -15% | -6% | XXX | XXX | XXX |
| Net Profit | -$2.4M | -$1.8M | XXX | XXX | XXX |
| Net Margin | -44% | -28% | XXX | XXX | XXX |
| Net Debt | n/a | n/a | XXX | XXX | XXX |
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As of March 14, 2025, Change Financial's stock price is AUD 0 (or $0).
Change Financial has current market cap of AUD 36.4M (or $23.0M), and EV of AUD 31.4M (or $19.8M).
See Change Financial trading valuation data| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $19.8M | $23.0M | XXX | XXX | XXX | XXX | $-0.00 |
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Sign UpAs of March 14, 2025, Change Financial has market cap of $23.0M and EV of $19.8M.
Change Financial's trades at 1.5x LTM EV/Revenue multiple, and 47.8x LTM EBITDA.
Analysts estimate Change Financial's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
See valuation multiples for Change Financial and 10K+ public comps| FY 2024 | FY 2025E | FY 2026E | FY 2027E | |
|---|---|---|---|---|
| EV | $19.8M | XXX | XXX | XXX |
| EV/Revenue | 1.8x | XXX | XXX | XXX |
| EV/EBITDA | 86.6x | XXX | XXX | XXX |
| P/E | -17.2x | XXX | XXX | XXX |
| P/E/Growth | n/a | XXX | XXX | XXX |
| EV/FCF | 31.9x | XXX | XXX | XXX |
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Access all public comps and forward-looking valuation multiples like EV/Revenue in 2025, based on equity research analyst estimates.
Sign UpChange Financial's NTM/LTM revenue growth is 43%
Change Financial's revenue per employee for the last fiscal year averaged $0.1M, while opex per employee averaged $0.1M for the same period.
Over next 12 months, Change Financial's ratio of sales and marketing spend to revenue is estimated to be XXX , while its R&D spend to revenue to be XXX .
Analysts estimate Change Financial's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
See operational valuation multiples for Change Financial and other 10K+ public comps| FY 2024 | NTM | FY 2025E | FY 2026E | FY 2027E | |
|---|---|---|---|---|---|
| Revenue Growth | 22% | XXX | XXX | XXX | XXX |
| EBITDA Margin | 2% | XXX | XXX | XXX | XXX |
| EBITDA Growth | -51% | XXX | XXX | XXX | XXX |
| Rule of 40 (SaaS-only) | 45% | XXX | XXX | XXX | XXX |
| Revenue per Employee | $0.1M | XXX | XXX | XXX | XXX |
| Opex per Employee | $0.1M | XXX | XXX | XXX | XXX |
| S&M Expenses to Revenue | 2% | XXX | XXX | XXX | XXX |
| G&A Expenses to Revenue | 59% | XXX | XXX | XXX | XXX |
| R&D Expenses to Revenue | n/a | XXX | XXX | XXX | XXX |
| Opex to Revenue | 122% | XXX | 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 |
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Sign Up| 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 $23.0M |
| What is the current revenue of Change Financial? | Change Financial's last 12-month revenue is $21.5M. |
| What is the current EBITDA of Change Financial? | Change Financial's last 12-month EBITDA is $0.7M. |
| What is the current EV/Revenue multiple of Change Financial? | Current revenue multiple of Change Financial is 1.5x. |
| What is the current EV/EBITDA multiple of Change Financial? | Current EBITDA multiple of Change Financial is 47.8x. |
| What is the current revenue growth of Change Financial? | Change Financial revenue growth between 2023 and 2024 was 22%. |
| Is Change Financial profitable? | Yes, Change Financial is EBITDA-positive (as of the last 12 months). |
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