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Carsales.Com Ltd
ASX:CAR

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Carsales.Com Ltd
ASX:CAR
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Price: 25.87 AUD -1.37% Market Closed
Market Cap: AU$9.8B

EV/EBITDA

23.1
Current
36%
Cheaper
vs 3-y average of 36

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
23.1
=
Enterprise Value
AU$10.5B
/
EBITDA
AU$475m

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
23.1
=
Enterprise Value
AU$10.5B
/
EBITDA
AU$475m

Valuation Scenarios

Carsales.Com Ltd is trading below its 3-year average

If EV/EBITDA returns to its 3-Year Average (36), the stock would be worth AU$40.35 (56% upside from current price).

Statistics
Positive Scenarios
3/4
Maximum Downside
-28%
Maximum Upside
+56%
Average Upside
23%
Scenario EV/EBITDA Value Implied Price Upside/Downside
Current Multiple 23.1 AU$25.87
0%
3-Year Average 36 AU$40.35
+56%
5-Year Average 33.5 AU$37.57
+45%
Industry Average 27.9 AU$31.29
+21%
Country Average 16.5 AU$18.51
-28%

Forward EV/EBITDA
Today’s price vs future ebitda

Today's Enterprise Value EBITDA Forward EV/EBITDA
AU$10.5B
/
Jan 2026
AU$475m
=
23.1
Current
AU$10.5B
/
Jun 2026
AU$716.4m
=
14.6
Forward
AU$10.5B
/
Jun 2027
AU$802m
=
13
Forward
AU$10.5B
/
Jun 2028
AU$898.6m
=
11.6
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 Cap EV/EBITDA P/E
AU
Carsales.Com Ltd
ASX:CAR
9.8B AUD 23.1 33.1
US
Alphabet Inc
NASDAQ:GOOGL
4.1T USD 25.6 30.9
US
Meta Platforms Inc
NASDAQ:META
1.7T USD 16.4 28
CN
Tencent Holdings Ltd
HKEX:700
4.8T HKD 13.2 17.8
CN
Baidu Inc
NASDAQ:BIDU
44.8B USD 8.3 55.2
NL
Nebius Group NV
NASDAQ:NBIS
40.3B USD -15 968.3 30 173.9
JP
LY Corp
XMUN:YOJ
32.5B EUR 20.8 28.3
CN
Kuaishou Technology
HKEX:1024
202.9B HKD 7.4 9.4
KR
Naver Corp
KRX:035420
32.3T KRW 8.7 16.7
JP
Z Holdings Corp
TSE:4689
3T JPY 14.2 14.2
AU
REA Group Ltd
ASX:REA
23B AUD 27.1 40.6
EV/EBITDA Multiple
EBITDA Growth EV/EBITDA to Growth
AU
Carsales.Com Ltd
ASX:CAR
Average EV/EBITDA: 16.5
23.1
26%
0.9
US
Alphabet Inc
NASDAQ:GOOGL
25.6
27%
0.9
US
Meta Platforms Inc
NASDAQ:META
16.4
25%
0.7
CN
Tencent Holdings Ltd
HKEX:700
13.2
14%
0.9
CN
Baidu Inc
NASDAQ:BIDU
8.3
2%
4.1
NL
Nebius Group NV
NASDAQ:NBIS
Negative Multiple: -15 968.3 N/A N/A
JP
L
LY Corp
XMUN:YOJ
20.8
13%
1.6
CN
Kuaishou Technology
HKEX:1024
7.4
28%
0.3
KR
Naver Corp
KRX:035420
8.7
18%
0.5
JP
Z Holdings Corp
TSE:4689
14.2
13%
1.1
AU
REA Group Ltd
ASX:REA
27.1
20%
1.4
P/E Multiple
Earnings Growth PEG
AU
Carsales.Com Ltd
ASX:CAR
Average P/E: 2 768
33.1
23%
1.4
US
Alphabet Inc
NASDAQ:GOOGL
30.9
13%
2.4
US
Meta Platforms Inc
NASDAQ:META
28
19%
1.5
CN
Tencent Holdings Ltd
HKEX:700
17.8
16%
1.1
CN
Baidu Inc
NASDAQ:BIDU
55.2
66%
0.8
NL
Nebius Group NV
NASDAQ:NBIS
30 173.9
59%
511.4
JP
L
LY Corp
XMUN:YOJ
28.3
13%
2.2
CN
Kuaishou Technology
HKEX:1024
9.4
7%
1.3
KR
Naver Corp
KRX:035420
16.7
11%
1.5
JP
Z Holdings Corp
TSE:4689
14.2
13%
1.1
AU
REA Group Ltd
ASX:REA
40.6
8%
5.1

Market Distribution

In line with most companies in Australia
Percentile
68th
Based on 1 243 companies
68th percentile
23.1
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

Carsales.Com Ltd
Glance View

Carsales.Com Ltd. has carved out a prominent position in the digital automotive marketplace, beginning its journey in Australia and expanding its reach across several international markets. The company operates as a comprehensive platform that connects buyers and sellers of new and used vehicles, providing a seamless and efficient service that simplifies the car buying process. Utilizing sophisticated data analytics, Carsales delivers personalized vehicle recommendations and market insights to users, enhancing their decision-making experience. The platform serves as a multifaceted hub, offering services beyond mere listings, including finance, insurance, and other value-added offerings which further enrich the customer engagement. Revenue generation for Carsales is primarily driven by its diverse array of services. The core of its business model hinges on selling advertising space to dealers, manufacturers, and private sellers looking to maximize exposure to potential buyers. Additionally, the platform capitalizes on premium listing options, which help sellers stand out in a crowded marketplace. Complementing these revenue streams, Carsales also garners income from ancillary services such as vehicle inspections, valuation products, and data services. With its strategic investments and partnerships, Carsales continues to expand its technological capabilities, positioning itself as not just a marketplace but a digital ecosystem that's integral to the automotive industry's future.

CAR Intrinsic Value
18.75 AUD
Overvaluation 28%
Intrinsic Value
Price AU$25.87
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