Company Valuation: ExlService Holdings, Inc.

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 4,821 5,602 5,088 7,140 6,669 6,247 - -
Change - 16.2% -9.18% 40.33% -6.59% -6.33% - -
Enterprise Value (EV) 1 4,767 5,554 4,997 7,088 6,640 6,301 6,208 6,011
Change - 16.51% -10.04% 41.84% -6.32% -5.1% -1.47% -3.17%
P/E 43.2x 40.1x 28x 36.7x 27.6x 23.9x 20.6x 17.6x
PBR 6.95x 7.43x 5.73x 7.72x 7.56x 6.06x 4.91x 3.93x
PEG - 1.5x 0.9x 3.67x 1x 1.9x 1.3x 1x
Capitalization / Revenue 4.3x 3.97x 3.12x 3.88x 3.19x 2.56x 2.27x 2.04x
EV / Revenue 4.25x 3.93x 3.06x 3.86x 3.18x 2.58x 2.25x 1.97x
EV / EBITDA 19.5x 18.7x 14.3x 17.8x 14.7x 12.1x 10.6x 9.13x
EV / EBIT 30.6x 28.9x 20.9x 26.9x 21.2x 17.7x 15.2x 12.8x
EV / FCF 32.5x 45.8x 31.5x 31.9x 22.3x 19.1x 18.4x 13.9x
FCF Yield 3.07% 2.18% 3.17% 3.14% 4.49% 5.23% 5.44% 7.22%
Dividend per Share 2 - - - - - - - -
Rate of return - - - - - - - -
EPS 2 0.67 0.846 1.1 1.21 1.54 1.731 2.007 2.353
Distribution rate - - - - - - - -
Net sales 1 1,122 1,412 1,631 1,838 2,088 2,438 2,753 3,056
EBITDA 1 244.9 297.5 349.1 397.7 452.3 520.6 584.3 658.8
EBIT 1 155.9 192.2 238.8 263.6 313.8 355.8 409.7 468.5
Net income 1 114.8 143 184.6 198.3 251 266.3 304.1 351.5
Net Debt 1 -53.86 -47.7 -90.83 -52.09 -29.77 54.14 -38.74 -235.7
Reference price 2 28.95 33.89 30.85 44.38 42.44 41.43 41.43 41.43
Nbr of stocks (in thousands) 166,515 165,323 164,923 160,882 157,149 150,789 - -
Announcement Date 24/02/22 23/02/23 29/02/24 25/02/25 24/02/26 - - -
1USD in Million2USD
Estimates

P/E, Detailed evolution



P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
23.93x2.58x12.1x-.--% 6.25B
33.01x17.01x24.19x0.65% 769B
39.88x7.25x25.73x0.9% 87.29B
24.18x4.82x10.5x0.68% 72.45B
11.24x1.46x7.24x0.99% 47.36B
-72.94x16.71x40.54x-.--% 42.25B
44.13x1.69x9.5x-.--% 46.08B
21.34x3.6x8.54x1.48% 34.27B
20.1x6.14x11.77x-.--% 26.33B
10.51x2.68x6.46x-.--% 26.6B
Average 15.54x 6.40x 15.66x 0.47% 115.79B
Weighted average by Cap. 27.46x 13.21x 21.55x 0.63%

Y-o-Y evolution of P/E

Valuation ratios - P/E - ExlService Holdings, Inc.

Historical PBR trend

Valuation ratios - PBR - ExlService Holdings, Inc.

Evolution Enterprise Value / Sales

Valuation ratios - VE_REV - ExlService Holdings, Inc.

Change in Enterprise Value/EBITDA

Valuation ratios - VE_EBITDA - ExlService Holdings, Inc.


Year-on-year evolution of the Yield

Valuation ratios - Yield - ExlService Holdings, Inc.
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