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Sea Forest Valuation Multiples

Discover revenue and EBITDA valuation multiples for Sea Forest and similar public comparables like Holland, IBU-tec adv materials, ImmuCell, Arla Plast 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 (FY)

Revenue: $322K
EBITDA: ($5M)

EV

$69M

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Sea Forest Financials

Sea Forest reported last fiscal year revenue of $322K and negative EBITDA of ($5M).

In the same fiscal year, Sea Forest generated $322K in gross profit, ($5M) in EBITDA losses, and had net loss of ($6M).


Sea Forest P&L

In the most recent fiscal year, Sea Forest reported revenue of $322K 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
Last FY202320242025202620272028
Revenue$322K$338K$273K$3M
Gross Profit$322K$338K$273K$322K
Gross Margin100%100%100%10%
EBITDA($5M)($4M)($4M)($4M)
EBITDA Margin(1623%)(1079%)(1579%)(134%)
EBIT Margin(2110%)(2161%)(2680%)(166%)
Net Profit($6M)($5M)($6M)($5M)
Net Margin(2016%)(1491%)(2091%)(153%)

Financial data powered by Morningstar, Inc.

Sea Forest Stock Performance

Sea Forest has current market cap of $89M, and enterprise value of $69M.


Sea Forest's stock price is $1.59.

Sea Forest has an EPS (earnings per share) of $-0.12.

See more trading valuation data for Sea Forest
EVMarket CapPrice 1DPrice 1MPrice 3MPrice 12MEPS
$69M$89M-0.0%$-0.12

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Sea Forest Valuation Multiples

Sea Forest trades at 214.0x EV/Revenue multiple, and (13.2x) EV/EBITDA.

See NTM and 2027E valuation multiples for Sea Forest

Sea Forest Financial Valuation Multiples

As of May 23, 2026, Sea Forest has market cap of $89M and EV of $69M.

Sea Forest has a P/E ratio of (13.7x).

Last FY202320242025202620272028
EV/Revenue214.0x204.1xn/m20.7x
EV/EBITDA(13.2x)(18.9x)(16.0x)(15.4x)
EV/EBIT(10.1x)(9.4x)(9.4x)(12.5x)
EV/Gross Profit214.0x204.1xn/m214.0x
P/E(13.7x)(17.7x)(15.6x)(17.4x)
EV/FCF(12.3x)(24.0x)(19.1x)(12.3x)

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

Verified Sea Forest Valuation Multiples

Access all public comps and forward-looking valuation multiples like EV/Revenue in 2027, based on consensus analyst estimates. Powered by FactSet and Morningstar.

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Sea Forest Margins & Growth Rates

Sea Forest grew revenue by 1868% 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%)(168%)

Sea Forest Growth Rates

FY+1/FY23/2424/2525/2626/2727/2828/29
Revenue Growth1868%(19%)1121%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 Growth25%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
Last FY202320242025202620272028
Rule of 40276%
Bessemer Rule of X689%
Revenue per Employee$0.0M
Opex per Employee$0.2M
G&A Expenses to Revenue1339%1211%1656%129%
Opex to Revenue2210%2261%2780%214%

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

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Sea Forest Competitors

Sea Forest competitors include Holland, IBU-tec adv materials, ImmuCell, Arla Plast, Eden Innovations, QB Industrias, Colorado Peintures, Quimpac, PGG Wrightson and eXoZymes.

Most Sea Forest public comparables operate across Agriculture and Chemicals.

EV/RevenueEV/EBITDA
Last FYLTM2027ELast FYLTM2027E
Holland0.6x5.9x
IBU-tec adv materials1.6x2.0x79.7x21.0x
ImmuCell3.5x45.7x
Arla Plast0.6x5.0x
Eden Innovations53.2x(28.6x)
QB Industrias
Colorado Peintures1.3x7.3x
Quimpac

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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 Holland, IBU-tec adv materials, ImmuCell, Arla Plast, Eden Innovations, QB Industrias, Colorado Peintures, Quimpac, PGG Wrightson, eXoZymes.
What is the current market cap of Sea Forest?Sea Forest's current market cap is $89M.
What is the current revenue of Sea Forest?Sea Forest's last fiscal year revenue is $322K.
What is the current revenue growth of Sea Forest?Sea Forest revenue growth (vs. last FY) is 1868%.
What is the current EV/Revenue multiple of Sea Forest?Current revenue multiple of Sea Forest is 214.0x.
Is Sea Forest profitable?No, Sea Forest is not profitable.
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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