Sea Forest Valuation Multiples

Discover revenue and EBITDA valuation multiples for Sea Forest and similar public comparables like New Zealand Rural Land, Casa Grande, Norcod, eXoZymes and more.

Sea Forest Overview

About Sea Forest

Sea Forest Ltd science-based Australian livestock feed additive manufacturer, utilising and replicating the science of methane-abating Asparagopsis seaweed to generate productivity gains for farmers while reducing methane emissions created by ruminant livestock. It is an agri-tech company that supplies sustainably produced, high-quality, climate change-abating products to reduce methane production in agriculture and improve the productivity of livestock farming, one of Australia’s export industries. Its flagship product, SeaFeed, is based on the bioactivities found naturally in Asparagopsis, a red seaweed native to Australia's coastal waters, and is scientifically shown to reduce methane production.


Founded

2019

HQ

Australia

Employees

33

Financials (LTM)

Revenue: $6M
EBITDA: ($3M)

EV

$61M

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Sea Forest Financials

Sea Forest reported last 12-month revenue of $6M and negative EBITDA of ($3M).

In the same LTM period, Sea Forest generated ($3M) in EBITDA losses and had net loss of ($3M).


Sea Forest P&L

In the most recent fiscal year, Sea Forest reported revenue of $313K and EBITDA of ($5M).

Sea Forest is unprofitable as of last fiscal year, with gross margin of 100%, EBITDA margin of (1623%), and net margin of (2016%).

See analyst estimates for Sea Forest
LTMLast FY202320242025202620272028
Revenue$6M$313K$328K$265K$3M
Gross Profit-$313K$328K$265K$313K
Gross Margin-100%100%100%10%
EBITDA($3M)($5M)($4M)($4M)($4M)
EBITDA Margin(55%)(1623%)(1079%)(1579%)(134%)
EBIT Margin(63%)(2110%)(2161%)(2680%)(166%)
Net Profit($3M)($6M)($5M)($6M)($5M)
Net Margin(55%)(2016%)(1491%)(2091%)(153%)

Financial data powered by Morningstar, Inc.

Sea Forest Stock Performance

Sea Forest has current market cap of $80M, and enterprise value of $61M.

Market Cap Evolution


Sea Forest's stock price is $1.43.

Sea Forest share price decreased by 3.9% in the last 30 days.

Sea Forest has an EPS (earnings per share) of $-0.11.

See more trading valuation data for Sea Forest
EVMarket CapPrice 1DPrice 1MPrice 3MPrice 12MEPS
$61M$80M0.0%-3.9%-7.6%-$-0.11

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Sea Forest Valuation Multiples

Sea Forest trades at 9.5x EV/Revenue multiple, and (17.4x) EV/EBITDA.

See NTM and 2027E valuation multiples for Sea Forest

Sea Forest Financial Valuation Multiples

As of July 6, 2026, Sea Forest has market cap of $80M and EV of $61M.

Sea Forest has a P/E ratio of (23.0x).

LTMLast FY202320242025202620272028
EV/Revenue9.5x194.2x185.1x229.2x18.7x
EV/EBITDA(17.4x)(12.0x)(17.2x)(14.5x)(14.0x)
EV/EBIT(15.0x)(9.2x)(8.6x)(8.6x)(11.3x)
EV/Gross Profit-194.2x185.1x229.2x194.2x
P/E(23.0x)(12.7x)(16.4x)(14.5x)(16.2x)
EV/FCF-(11.2x)(21.8x)(17.4x)(11.2x)

Multiples above and below 250x are considered non-meaningful (n/m). Valuation data powered by FactSet, Inc. and Morningstar, Inc.

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Sea Forest Margins & Growth Rates

Sea Forest grew revenue by 1874% but EBITDA decreased by 29% in the last fiscal year.

In the most recent fiscal year, Sea Forest reported gross margin of 100%, EBITDA margin of (1623%), and net margin of (2016%).

See estimated margins and future growth rates for Sea Forest

Sea Forest Margins

Last FY202420252026202720282029
Gross Margin100%100%10%-
EBITDA Margin(1623%)(1579%)(134%)1%
EBIT Margin(2110%)(2680%)(166%)(4%)
Net Margin(2016%)(2091%)(153%)1%
FCF Margin(1735%)(1320%)(167%)-

Sea Forest Growth Rates

FY+1/FY23/2424/2525/2626/2727/2828/29
Revenue Growth1874%(19%)1125%275%
Gross Profit Growth-(19%)18%-
EBITDA Growth(29%)18%4%(102%)
EBIT Growth(37%)0%(24%)(92%)
Net Profit Growth(43%)13%(11%)(102%)
FCF Growth-25%55%-

Data powered by FactSet, Inc. and Morningstar, Inc.

Sea Forest Operational KPIs

Sea Forest's revenue per employee in the last FY averaged $0.0M, while opex per employee averaged $0.2M for the same period.

Sea Forest's Rule of 40 is 276% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).

Sea Forest's Rule of X is 689% (created by Bessemer, Rule of X is another metric to measure SaaS companies, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).

Access forward-looking KPIs for Sea Forest
LTMLast FY202320242025202620272028
Rule of 40135%276%---
Bessemer Rule of X421%689%---
Revenue per Employee-$0.0M---
Opex per Employee-$0.2M---
G&A Expenses to Revenue-1339%1211%1656%129%
Opex to Revenue-2210%2261%2780%213%

Data powered by FactSet, Inc. and Morningstar, Inc.

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Sea Forest Competitors

Sea Forest competitors include New Zealand Rural Land, Casa Grande, Norcod, eXoZymes, Northern Technologies, Kingfish, I-Tech, Holland, Arla Plast and IBU-tec adv materials.

Most Sea Forest public comparables operate across Agriculture and Chemicals.

EV/RevenueEV/EBITDA
Last FYLTM2027ELast FYLTM2027E
New Zealand Rural Land11.5x11.6x14.1x13.7x
Casa Grande----
Norcod2.7x-(7.0x)-
eXoZymes--(8.3x)-
Northern Technologies1.1x1.0x16.8x-
Kingfish6.4x-(24.7x)-
I-Tech4.0x3.8x13.8x12.7x
Holland0.6x-7.8x-

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About Sea Forest

When was Sea Forest founded?Sea Forest was founded in 2019.
Where is Sea Forest headquartered?Sea Forest is headquartered in Australia.
How many employees does Sea Forest have?As of today, Sea Forest has over 33 employees.
Is Sea Forest publicly listed?Yes, Sea Forest is a public company listed on Australian Securities Exchange.
What is the stock symbol of Sea Forest?Sea Forest trades under SEA ticker.
When did Sea Forest go public?Sea Forest went public in 2025.
Who are competitors of Sea Forest?Sea Forest main competitors include New Zealand Rural Land, Casa Grande, Norcod, eXoZymes, Northern Technologies, Kingfish, I-Tech, Holland, Arla Plast, IBU-tec adv materials.
What is the current market cap of Sea Forest?Sea Forest's current market cap is $80M.
What is the current revenue of Sea Forest?Sea Forest's last 12 months revenue is $6M.
What is the current revenue growth of Sea Forest?Sea Forest revenue growth (NTM/LTM) is 190%.
What is the current EV/Revenue multiple of Sea Forest?Current revenue multiple of Sea Forest is 9.5x.
Is Sea Forest profitable?No, Sea Forest is not profitable.
What is the current EBITDA of Sea Forest?Sea Forest has negative EBITDA and is not profitable.
What is Sea Forest's EBITDA margin?Sea Forest's last 12 months EBITDA margin is (55%).
What is the current EV/EBITDA multiple of Sea Forest?Current EBITDA multiple of Sea Forest is (17.4x).
How many companies Sea Forest has acquired to date?Sea Forest hasn't acquired any companies yet (or none have been disclosed publicly).
In how many companies Sea Forest has invested to date?Sea Forest hasn't invested in any companies yet (or none have been disclosed publicly).

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