Company Valuation: Cipla Limited

Data adjusted to current consolidation scope
Fiscal Period: March 2022 2023 2024 2025 2026 2027 2028 2029
Market Cap 1 821,377 726,839 1,208,588 1,164,745 988,887 1,176,723 - -
Change - -11.51% 66.28% -3.63% -15.1% 18.99% - -
Enterprise Value (EV) 1 810,334 716,397 1,154,239 1,084,736 901,599 1,077,966 1,051,766 1,034,782
Change - -11.59% 61.12% -6.02% -16.88% 19.56% -2.43% -1.61%
P/E 32.7x 26x 29.3x 22.1x 25.5x 28x 22.9x 20.3x
PBR 3.94x 3.11x 4.53x 3.73x 2.87x 3.13x 2.83x 2.57x
PEG - 2.3x 0.6x 0.8x -1x 3.41x 1x 1.6x
Capitalization / Revenue 3.77x 3.19x 4.69x 4.23x 3.51x 3.79x 3.39x 3.11x
EV / Revenue 3.72x 3.15x 4.48x 3.94x 3.2x 3.47x 3.03x 2.73x
EV / EBITDA 17.8x 14.3x 18.3x 15.2x 15.3x 17.8x 14.3x 12.5x
EV / EBIT 23.1x 18.6x 22x 18x 19.3x 22.6x 17.6x 15.2x
EV / FCF 29.1x 29.9x 38x 28.2x 38.5x 35.8x 29.1x 27.4x
FCF Yield 3.43% 3.35% 2.63% 3.54% 2.6% 2.79% 3.44% 3.64%
Dividend per Share 2 5 8.5 13 13 13 12.47 14.15 14.1
Rate of return 0.49% 0.94% 0.87% 0.9% 1.06% 0.86% 0.97% 0.97%
EPS 2 31.17 34.69 51.01 65.24 48 51.94 63.64 71.67
Distribution rate 16% 24.5% 25.5% 19.9% 27.1% 24% 22.2% 19.7%
Net sales 1 217,633 227,531 257,741 275,476 281,626 310,696 346,750 378,943
EBITDA 1 45,528 50,270 62,910 71,279 58,829 60,670 73,732 82,700
EBIT 1 35,008 38,549 52,400 60,210 46,719 47,691 59,851 67,909
Net income 1 25,168 28,019 41,216 52,725 38,792 41,977 51,417 57,759
Net Debt 1 -11,043 -10,443 -54,350 -80,010 -87,289 -98,757 -124,957 -141,941
Reference price 2 1,018.05 900.50 1,496.95 1,442.20 1,224.20 1,456.70 1,456.70 1,456.70
Nbr of stocks (in thousands) 806,814 807,151 807,367 807,617 807,783 807,801 - -
Announcement Date 10/5/22 12/5/23 10/5/24 13/5/25 13/5/26 - - -
1INR in Million2INR
Estimates

P/E, Detailed evolution

P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
28.05x3.47x17.77x0.86% 12.38B
38.49x7.3x24.89x0.81% 47.1B
17.73x1.99x9.41x1.36% 34.57B
24.33x4.21x15.68x0.73% 11.64B
19.29x3.32x12.08x3.54% 8.87B
8.47x1.99x5.22x5.12% 7.1B
15.95x2.02x6.81x3.31% 6.85B
32.82x3.73x15.86x0.24% 6.42B
39.92x7.64x28.35x0.99% 4.4B
Average 25.01x 3.96x 15.12x 1.88% 15.48B
Weighted average by Cap. 27.15x 4.45x 16.63x 1.44%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

Year-on-year evolution of the Yield

  1. Stock Market
  2. Stocks
  3. CIPLA Stock
  4. Valuation Cipla Limited