Company Valuation: CEAT Limited

Data adjusted to current consolidation scope
Fiscal Period: March 2022 2023 2024 2025 2026 2027 2028 2029
Market Cap 1 37,691 58,659 108,315 116,533 131,153 137,484 - -
Change - 55.63% 84.65% 7.59% 12.55% 4.83% - -
Enterprise Value (EV) 1 58,421 78,980 124,013 135,284 160,828 170,748 169,963 168,549
Change - 35.19% 57.02% 9.09% 18.88% 6.17% -0.46% -0.83%
P/E 52.9x 31.5x 16.9x 24.7x 18.8x 24.6x 14.4x 12.1x
PBR 1.15x 1.7x 2.68x 2.67x 2.6x 2.52x 2.2x 1.91x
PEG - 0x 0x -0.9x 0.4x -1.2x 0.2x 0.6x
Capitalization / Revenue 0.4x 0.52x 0.91x 0.88x 0.84x 0.74x 0.67x 0.61x
EV / Revenue 0.62x 0.7x 1.04x 1.02x 1.03x 0.92x 0.83x 0.74x
EV / EBITDA 3.42x 8.11x 7.51x 9.18x 7.86x 8.9x 6.7x 5.92x
EV / EBIT 21.3x 15.7x 10.8x 14.8x 11.9x 15.5x 10.2x 8.78x
EV / FCF -17.2x 24.1x 14.5x 90.6x 25.2x 53.7x 24.5x 22.9x
FCF Yield -5.82% 4.15% 6.87% 1.1% 3.97% 1.86% 4.09% 4.36%
Dividend per Share 2 3 12 30 30 35 28.77 39.04 42.2
Rate of return 0.32% 0.83% 1.12% 1.04% 1.08% 0.85% 1.15% 1.24%
EPS 2 17.6 46.02 158.9 116.8 172.8 138.3 236.1 281.6
Distribution rate 17% 26.1% 18.9% 25.7% 20.3% 20.8% 16.5% 15%
Net sales 1 93,634 113,149 119,435 132,179 156,780 185,915 205,267 226,496
EBITDA 1 17,098 9,738 16,522 14,741 20,472 19,194 25,367 28,491
EBIT 1 2,746 5,045 11,434 9,114 13,498 11,030 16,658 19,207
Net income 1 712 1,862 6,426 4,726 6,980 5,343 9,524 11,391
Net Debt 1 20,730 20,321 15,698 18,751 29,675 33,264 32,479 31,065
Reference price 2 931.80 1,450.15 2,677.75 2,880.90 3,242.35 3,398.85 3,398.85 3,398.85
Nbr of stocks (in thousands) 40,450 40,450 40,450 40,450 40,450 40,450 - -
Announcement Date 05/05/22 04/05/23 02/05/24 29/04/25 28/04/26 - - -
1INR in Million2INR
Estimates

P/E, Detailed evolution



P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
24.79x0.92x8.96x0.84% 1.46B
14.4x1.24x5.34x3.97% 8.39B
25.69x1.68x12.74x0.17% 5.96B
6.08x0.52x3.3x4.76% 5.93B
27.9x3.47x16.47x0.77% 4.63B
22.07x1.22x7.92x3.62% 3.16B
16.7x0.97x7.7x1.45% 2.93B
27.94x0.99x9.27x3.04% 2.43B
13.08x - - 2.05% 2.18B
5.85x0.63x3.41x - 1.54B
Average 18.45x 1.29x 8.35x 2.3% 3.86B
Weighted average by Cap. 18.12x 1.40x 8.37x 2.56%

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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  3. CEATLTD Stock
  4. Valuation CEAT Limited