Company Valuation: Bosch Limited

Data adjusted to current consolidation scope
Fiscal Period: March 2022 2023 2024 2025 2026 2027 2028 2029
Market Cap 1 425,972 570,383 886,173 835,906 847,444 1,380,417 - -
Change - 33.9% 55.36% -5.67% 1.38% 62.89% - -
Enterprise Value (EV) 1 390,794 549,814 860,246 823,312 822,799 1,358,009 1,333,420 1,306,087
Change - 40.69% 56.46% -4.29% -0.06% 65.05% -1.81% -2.05%
P/E 35x 40x 35.6x 41.5x 30.6x 46x 41x 34.1x
PBR 3.99x 5.18x 7.35x 6.05x 5.71x 8.15x 7.3x 6.62x
PEG - 2.3x 0.5x -2.2x 0.8x 5.52x 3.4x 1.7x
Capitalization / Revenue 3.62x 3.82x 5.3x 4.62x 4.23x 5.11x 4.67x 4.29x
EV / Revenue 3.32x 3.68x 5.14x 4.55x 4.11x 5.03x 4.51x 4.06x
EV / EBITDA 26.8x 30.4x 41.1x 35.6x 31x 35.1x 31.3x 27.6x
EV / EBIT 34.5x 38.7x 51.7x 42.6x 36.4x 37.9x 34x 31.1x
EV / FCF -200x 96x 93.2x 40x 44.3x -60x 44.7x 32.3x
FCF Yield -0.5% 1.04% 1.07% 2.5% 2.26% -1.67% 2.24% 3.09%
Dividend per Share 2 110 480 375 512 270 367.9 401.2 460.1
Rate of return 0.76% 2.48% 1.25% 1.81% 0.94% 0.79% 0.86% 0.98%
EPS 2 412.7 483 844.4 682.6 939.3 1,018 1,141 1,372
Distribution rate 26.7% 99.4% 44.4% 75% 28.7% 36.2% 35.2% 33.5%
Net sales 1 117,816 149,293 167,271 180,874 200,347 270,113 295,392 321,452
EBITDA 1 14,570 18,067 20,948 23,097 26,504 38,659 42,630 47,297
EBIT 1 11,327 14,211 16,653 19,341 22,584 35,844 39,188 41,947
Net income 1 12,172 14,245 24,905 20,133 27,703 30,012 33,177 37,422
Net Debt 1 -35,178 -20,569 -25,927 -12,594 -24,645 -22,409 -46,997 -74,331
Reference price 2 14,442.85 19,339.20 30,046.25 28,341.90 28,733.10 46,800.00 46,800.00 46,800.00
Nbr of stocks (in thousands) 29,494 29,494 29,494 29,494 29,494 29,496 - -
Announcement Date 19/05/22 11/05/23 24/05/24 27/05/25 20/05/26 - - -
1INR in Million2INR
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
46.18x5.05x35.28x0.78% 14.66B
18.4x1.25x9.65x2.02% 42.17B
15.87x0.69x5.07x3.61% 33.84B
12.29x0.58x5.1x3.79% 31.21B
9.03x0.54x6.92x1.66% 27.59B
15.19x2.76x9.49x3.99% 21.28B
30.15x1.19x12.6x0.61% 18.1B
10.52x0.5x4.92x2.95% 17.81B
13.41x1.37x7.07x4.08% 16.32B
13.62x1.03x6.83x1% 13.39B
Average 18.47x 1.50x 10.29x 2.45% 23.64B
Weighted average by Cap. 17.26x 1.31x 9.18x 2.59%

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

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