| Profit Statement | 2017 | 2018 | 2019 | |
| Sales | AUD mil | 22.9 | 114 | 218 |
| Gross Profit | AUD mil | 17.6 | 85.7 | 158 |
| EBITDA | AUD mil | 3.87 | 17.5 | -9.33 |
| EBIT | AUD mil | 1.16 | 0.186 | -31.7 |
| Financing Cost | AUD mil | 0 | 0 | 0 |
| Pre-Tax Profit | AUD mil | -14.4 | -7.59 | -42.8 |
| Net Profit | AUD mil | -9.62 | -8.98 | -42.9 |
| Dividends | AUD mil | 0 | 0 | 0 |
| Balance Sheet | 2017 | 2018 | 2019 | |
| Total Assets | AUD mil | 240 | 392 | 820 |
| Non-Current Assets | AUD mil | 91.5 | 88.8 | 124 |
| Current Assets | AUD mil | 149 | 303 | 696 |
| Working Capital | AUD mil | 74.5 | 195 | 337 |
| Shareholders' Equity | AUD mil | 160 | 184 | 649 |
| Liabilities | AUD mil | 80.2 | 209 | 172 |
| Total Debt | AUD mil | 46.7 | 162 | 50.2 |
| Net Debt | AUD mil | 17.1 | 129 | -181 |
| Ratios | 2017 | 2018 | 2019 | |
| ROE | % | -9.71 | -5.22 | -10.3 |
| ROCE | % | -10.5 | -3.99 | -11.5 |
| Gross Margin | % | 77.0 | 75.2 | 72.7 |
| EBITDA Margin | % | 16.9 | 15.4 | -4.28 |
| EBIT Margin | % | 5.07 | 0.163 | -14.5 |
| Net Margin | % | -42.0 | -7.88 | -19.7 |
| Net Debt/EBITDA | 4.43 | 7.37 | 19.4 | |
| Net Debt/Equity | 0.107 | 0.703 | -0.279 | |
| Cost of Financing | % | 0 | 0 | 0 |
| Valuation | 2017 | 2018 | 2019 | |
| Market Capitalisation | USD mil | 494 | 1,525 | 4,313 |
| Enterprise Value (EV) | USD mil | 508 | 1,616 | 4,185 |
| Number Of Shares | mil | 182 | 231 | 244 |
| Share Price | AUD | 3.48 | 9.35 | 25.1 |
| EV/EBITDA | 175 | 124 | -606 | |
| EV/Sales | 29.5 | 19.1 | 25.9 | |
| Price/Earnings (P/E) | -65.9 | -241 | -143 | |
| Price/Book Value (P/BV) | 3.96 | 11.8 | 9.42 | |
| Dividend Yield | % | 0 | 0 | 0 |
Get all company financials in excel:
| summary | Unit | 2016 | 2017 | 2018 | 2019 |
| income statement | |||||
| Sales | AUD mil | 1.38 | 22.9 | ||
| Gross Profit | AUD mil | 1.12 | 17.6 | ||
| EBIT | AUD mil | -3.86 | 1.16 | ||
| Net Profit | AUD mil | -3.55 | -9.62 | ||
| ROE | % | -9.33 | -9.71 | ||
| EBIT Margin | % | -279 | 5.07 | ||
| Net Margin | % | -257 | -42.0 | ||
| balance sheet | |||||
| Total Assets | AUD mil | 39.0 | 240 | ||
| Non-Current Assets | AUD mil | 11.5 | 91.5 | ||
| Current Assets | AUD mil | 27.5 | 149 | ||
| Shareholders' Equity | AUD mil | 38.1 | 160 | ||
| Liabilities | AUD mil | 0.931 | 80.2 | ||
| Non-Current Liabilities | AUD mil | 0.003 | 48.6 | ||
| Current Liabilities | AUD mil | 0.928 | 31.6 | ||
| Net Debt/EBITDA | 11.7 | 4.43 | |||
| Net Debt/Equity | -0.518 | 0.107 | |||
| Cost of Financing | % | ... | 0 | ||
| cash flow | |||||
| Total Cash From Operations | AUD mil | -8.23 | -79.0 | ||
| Total Cash From Investing | AUD mil | -0.033 | -0.078 | ||
| Total Cash From Financing | AUD mil | -8.27 | -79.1 | ||
| Net Change In Cash | AUD mil | -16.5 | -158 | ||
| valuation | |||||
| Market Capitalisation | USD mil | ... | 494 | ||
| Number Of Shares | mil | 64.3 | 182 | ||
| Share Price | AUD | ... | 3.48 | ||
| Earnings Per Share (EPS) | AUD | -0.055 | -0.053 | ||
| Book Value Per Share | AUD | 0.592 | 0.880 | ||
| Dividend Per Share | AUD | 0 | 0 | ||
| Price/Earnings (P/E) | ... | -65.9 | |||
| Price/Book Value (P/BV) | ... | 3.96 | |||
| Dividend Yield | % | ... | 0 | ||
| Earnings Per Share Growth | % | ... | -4.31 | ||
| Book Value Per Share Growth | % | ... | 48.6 |
| income statement | Unit | 2016 | 2017 | 2018 | 2019 |
| income statement | |||||
| Sales | AUD mil | 1.38 | 22.9 | ||
| Cost of Goods & Services | AUD mil | 0.258 | 5.26 | ||
| Gross Profit | AUD mil | 1.12 | 17.6 | ||
| Staff Cost | AUD mil | 1.23 | 4.73 | ||
| Other Cost | AUD mil | 1.58 | 9.04 | ||
| EBITDA | AUD mil | -1.69 | 3.87 | ||
| Depreciation | AUD mil | 2.17 | 2.71 | ||
| EBIT | AUD mil | -3.86 | 1.16 | ||
| Financing Cost | AUD mil | 0 | 0 | ||
| Extraordinary Cost | AUD mil | -0.169 | 15.6 | ||
| Pre-Tax Profit | AUD mil | -3.69 | -14.4 | ||
| Tax | AUD mil | -0.138 | -4.80 | ||
| Minorities | AUD mil | 0 | 0 | ||
| Net Profit | AUD mil | -3.55 | -9.62 | ||
| Dividends | AUD mil | 0 | 0 | ||
| growth rates | |||||
| Total Revenue Growth | % | ... | 1,556 | ||
| Operating Cost Growth | % | ... | 390 | ||
| EBITDA Growth | % | ... | -329 | ||
| EBIT Growth | % | ... | -130 | ||
| Pre-Tax Profit Growth | % | ... | 291 | ||
| Net Profit Growth | % | ... | 171 | ||
| ratios | |||||
| ROE | % | -9.33 | -9.71 | ||
| ROCE | % | ... | -10.5 | ||
| Gross Margin | % | 81.3 | 77.0 | ||
| EBITDA Margin | % | -122 | 16.9 | ||
| EBIT Margin | % | -279 | 5.07 | ||
| Net Margin | % | -257 | -42.0 | ||
| Payout Ratio | % | 0 | 0 | ||
| Cost of Financing | % | ... | 0 | ||
| Net Debt/EBITDA | 11.7 | 4.43 |
| balance sheet | Unit | 2016 | 2017 | 2018 | 2019 |
| balance sheet | |||||
| Non-Current Assets | AUD mil | 11.5 | 91.5 | ||
| Property, Plant & Equipment | AUD mil | 0.028 | 4.46 | ||
| Intangible Assets | AUD mil | 10.8 | 76.5 | ||
| Goodwill | AUD mil | 0 | 23.6 | ||
| Current Assets | AUD mil | 27.5 | 149 | ||
| Inventories | AUD mil | 0 | 0 | ||
| Receivables | AUD mil | 7.23 | 98.4 | ||
| Cash & Cash Equivalents | AUD mil | 19.7 | 29.6 | ||
| Total Assets | AUD mil | 39.0 | 240 | ||
| Shareholders' Equity | AUD mil | 38.1 | 160 | ||
| Of Which Minority Interest | AUD mil | 0 | 0 | ||
| Liabilities | AUD mil | 0.931 | 80.2 | ||
| Non-Current Liabilities | AUD mil | 0.003 | 48.6 | ||
| Long-Term Debt | AUD mil | 0 | 46.7 | ||
| Current Liabilities | AUD mil | 0.928 | 31.6 | ||
| Short-Term Debt | AUD mil | 0 | 0 | ||
| Trade Payables | AUD mil | 0.871 | 23.9 | ||
| Equity And Liabilities | AUD mil | 39.0 | 240 | ||
| growth rates | |||||
| Total Asset Growth | % | ... | 516 | ||
| Shareholders' Equity Growth | % | ... | 321 | ||
| Net Debt Growth | % | ... | -187 | ||
| Total Debt Growth | % | ... | ... | ||
| ratios | |||||
| Total Debt | AUD mil | 0 | 46.7 | ||
| Net Debt | AUD mil | -19.7 | 17.1 | ||
| Working Capital | AUD mil | 6.36 | 74.5 | ||
| Capital Employed | AUD mil | 17.8 | 166 | ||
| Net Debt/Equity | -0.518 | 0.107 | |||
| Cost of Financing | % | ... | 0 |
| cash flow | Unit | 2016 | 2017 | 2018 | 2019 |
| cash flow | |||||
| Net Profit | AUD mil | -3.55 | -9.62 | ||
| Depreciation | AUD mil | 2.17 | 2.71 | ||
| Non-Cash Items | AUD mil | ... | -3.94 | ||
| Change in Working Capital | AUD mil | ... | -68.1 | ||
| Total Cash From Operations | AUD mil | -8.23 | -79.0 | ||
| Capital Expenditures | AUD mil | -0.033 | -0.078 | ||
| Other Investments | AUD mil | 0 | 0 | ||
| Total Cash From Investing | AUD mil | -0.033 | -0.078 | ||
| Issuance Of Shares | AUD mil | ... | 132 | ||
| Issuance Of Debt | AUD mil | ... | 46.7 | ||
| Total Cash From Financing | AUD mil | -8.27 | -79.1 | ||
| Net Change In Cash | AUD mil | -16.5 | -158 | ||
| ratios | |||||
| Days Sales Outstanding | days | 1,908 | 1,568 | ||
| Days Sales Of Inventory | days | 0 | 0 | ||
| Days Payable Outstanding | days | 1,230 | 1,657 | ||
| Cash Conversion Cycle | days | 678 | -89.7 | ||
| Cash Earnings | AUD mil | -1.38 | -6.91 | ||
| Cash Earnings Per Share | AUD | -0.021 | -0.038 | ||
| Price/Cash Earnings (P/CE) | ... | -91.7 | |||
| Free Cash Flow | AUD mil | -8.27 | -79.1 | ||
| Free Cash Flow Yield | % | ... | -12.0 |
| other data | Unit | 2016 | 2017 | 2018 | 2019 |
| other data | |||||
| ROA | % | -9.11 | -6.89 | ||
| Gross Margin | % | 81.3 | 77.0 | ||
| Staff Cost (As % Of Total Cost) | % | 23.4 | 21.8 | ||
| Effective Tax Rate | % | 3.73 | 33.3 | ||
| Enterprise Value (EV) | USD mil | ... | 508 | ||
| EV/EBITDA | ... | 175 | |||
| EV/Capital Employed | ... | 3.92 | |||
| EV/Sales | ... | 29.5 | |||
| EV/EBIT | ... | 582 |
Get all company financials in excel:
AfterPay has been growing its sales by a year on average in the last 5 years. EBITDA has grown by 0% during that time to total of AUD -9.33 mil in 2019, or -4.28% of sales. That’s compared to -23.5% average margin seen in last five years.
The company netted AUD -42.9 mil in 2019 implying ROE of -10.3% and ROCE of -11.5%. Again, the average figures were -8.64% and -8.66%, respectively when looking at the previous 5 years.
AfterPay’s net debt amounted to AUD -181 mil at the end of 2019, or -0.279 of equity. When compared to EBITDA, net debt was 19.4x, up when compared to average of 10.7x seen in the last 5 years.
AfterPay stock traded at AUD 25.1 per share at the end of 2019 resulting in a market capitalization of USD 4,313 mil. Over the previous five years, stock price grew by 0% or % a year on average. The closing price put stock at a 12-month trailing EV/EBITDA of -606x and price to earnings (PE) of -143x as of 2019.
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