Q

Qualitas Ltd
ASX:QAL

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Qualitas Ltd
ASX:QAL
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Price: 2.36 AUD Market Closed
Market Cap: AU$711.4m

EV/EBITDA

13.5
Current
36%
Cheaper
vs 3-y average of 21

Enterprise Value to EBITDA (EV/EBITDA) ratio compares a company`s total enterprise value to its earnings before interest, taxes, depreciation, and amortization. It shows how much investors are paying for each dollar of the company`s earnings, including both equity and debt.

EV/EBITDA
13.5
=
Enterprise Value
AU$763m
/
EBITDA
AU$53.4m

Enterprise Value to EBITDA (EV/EBITDA) ratio compares a company`s total enterprise value to its earnings before interest, taxes, depreciation, and amortization. It shows how much investors are paying for each dollar of the company`s earnings, including both equity and debt.

EV/EBITDA
13.5
=
Enterprise Value
AU$763m
/
EBITDA
AU$53.4m

Valuation Scenarios

Qualitas Ltd is trading below its 3-year average

If EV/EBITDA returns to its 3-Year Average (21), the stock would be worth AU$3.68 (56% upside from current price).

Statistics
Positive Scenarios
4/4
Maximum Downside
No Downside Scenarios
Maximum Upside
+56%
Average Upside
47%
Scenario EV/EBITDA Value Implied Price Upside/Downside
Current Multiple 13.5 AU$2.36
0%
3-Year Average 21 AU$3.68
+56%
5-Year Average 21 AU$3.68
+56%
Industry Average 20.5 AU$3.59
+52%
Country Average 16.5 AU$2.9
+23%

Forward EV/EBITDA
Today’s price vs future ebitda

Today's Enterprise Value EBITDA Forward EV/EBITDA
AU$763m
/
Jan 2026
AU$53.4m
=
13.5
Current
AU$763m
/
Jun 2026
AU$68.9m
=
11.1
Forward
AU$763m
/
Jun 2027
AU$82.7m
=
9.2
Forward
AU$763m
/
Jun 2028
AU$96.7m
=
7.9
Forward

Forward EV/EBITDA shows whether today’s EV/EBITDA still looks high or low once future ebitda are taken into account.

Peer Comparison

All Multiples
EV/EBITDA
P/E
All Countries
Close

Market Distribution

In line with most companies in Australia
Percentile
42st
Based on 1 243 companies
42st percentile
13.5
Low
0 — 10
Typical Range
10 — 24.5
High
24.5 —
Distribution Statistics
Australia
Min 0
30th Percentile 10
Median 16.5
70th Percentile 24.5
Max 6 797.5

Qualitas Ltd
Glance View

Market Cap
711.4m AUD
Industry
Real Estate

Qualitas Ltd. engages in real estate management services. The company is headquartered in Melbourne, Victoria. The company went IPO on 2021-12-16. The firm is focused on investing across the capital structure and risk spectrum, using institutional and private capital to support its commercial real estate partners. The company is specialized in investing capital and managing its Funds’ capital on behalf of Fund Investors. The firm operates in two segments: fund management and direct lending. The funds management segment includes all of its core funds management activities and includes funds management fees, performance fees and other fee income. The company also includes dividends and distributions from its Co-Investments. The direct lending segment relates to the interest income and expense relating to activities undertaken by its wholly owned entities Arch Finance and Peer Estate and includes costs directly attributable to Arch Finance and Peer Estate. Its funds include Real Estate Private Credit Funds and Real Estate Private Equity Funds.

QAL Intrinsic Value
3.49 AUD
Undervaluation 32%
Intrinsic Value
Price AU$2.36
Q
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