Company Valuation: Valor Estate Limited

Data adjusted to current consolidation scope
Fiscal Period: March 2021 2022 2023 2024 2025 2026
Market Cap 1 5,911 27,123 22,682 105,783 81,174 45,212
Change - 358.85% -16.37% 366.37% -23.26% -44.3%
Enterprise Value (EV) 1 29,645 58,220 47,717 118,177 97,587 52,108
Change - 96.39% -18.04% 147.66% -17.42% -46.6%
P/E -3.48x 99.7x -21.9x 6.86x -64.6x 178x
PBR 0.44x 1.44x 1.06x 2.11x 1.66x 1.11x
PEG - -1x 0x -0x 1x -1x
Capitalization / Revenue 24.1x 12.4x 3.25x 29.6x 7.16x 2.84x
EV / Revenue 121x 26.5x 6.83x 33.1x 8.61x 3.27x
EV / EBITDA -51.9x 124x -6.94x 66.5x -87.5x 13.9x
EV / EBIT -50.8x 126x -6.93x 77.9x -59.3x 14.1x
EV / FCF -6.31x -4.2x 29.2x -31.5x 285x 6.68x
FCF Yield -15.8% -23.8% 3.42% -3.17% 0.35% 15%
Dividend per Share 2 - - - - - -
Rate of return - - - - - -
EPS 2 -6.98 1.05 -2.944 28.69 -2.333 0.47
Distribution rate - - - - - -
Net sales 1 245.6 2,194 6,982 3,575 11,331 15,933
EBITDA 1 -571.1 469.4 -6,879 1,778 -1,116 3,753
EBIT 1 -583.3 462.8 -6,883 1,517 -1,646 3,695
Net income 1 -1,697 269.3 -903.8 13,194 -1,256 254.8
Net Debt 1 23,733 31,097 25,034 12,394 16,413 6,896
Reference price 2 24.30 104.70 64.41 196.70 150.75 83.85
Nbr of stocks (in thousands) 243,259 259,059 352,155 537,789 538,465 539,204
Announcement Date 8/9/21 8/9/22 8/9/23 6/9/24 8/9/25 8/9/26
1INR in Million2INR
Estimates


P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
14.04x4.55x12.24x3.61% 39.96B
5.84x0.8x1.69x8.47% 28.4B
18.17x3.99x16.04x1.35% 28.4B
7.75x1.41x7.76x4.56% 25.9B
13.91x3.09x14.8x2.51% 26B
8.18x0.91x3.3x2.73% 20.93B
10.25x2.01x8.28x4.1% 20.6B
13.28x6.44x16.95x1.64% 19.28B
37.17x13.66x34.38x3.19% 17.94B
Average 14.29x 4.10x 12.83x 3.57% 25.27B
Weighted average by Cap. 13.68x 3.80x 12.15x 3.68%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA


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