Company Valuation: Nibe Limited

Data adjusted to current consolidation scope
Fiscal Period: March 2021 2022 2023 2024 2025 2026
Market Cap 1 234.9 490.2 4,319 16,919 14,946 12,210
Change - 108.65% 781.11% 291.71% -11.66% -18.3%
Enterprise Value (EV) 1 226.8 478.7 4,658 17,346 15,529 13,151
Change - 111.07% 873.07% 272.42% -10.48% -15.31%
P/E 188x 231x 242x 84x 55.2x 240x
PBR 2.25x 4.61x 5.8x 10.5x 6.44x 3.5x
PEG - 3.3x 0x 0x 2.3x -2.9x
Capitalization / Revenue 9.35x 2.31x 4.1x 6x 2.95x 2.57x
EV / Revenue 9.02x 2.25x 4.42x 6.15x 3.06x 2.77x
EV / EBITDA 131x -104x 51.9x 53.8x 27.4x 30.2x
EV / EBIT 132x -61.6x 55.6x 59.1x 36.2x 81.2x
EV / FCF -98.2x 8.6x -6.61x -16x -30.3x -10.4x
FCF Yield -1.02% 11.6% -15.1% -6.27% -3.3% -9.62%
Dividend per Share 2 - - 0.1 1 1.25 1.3
Rate of return - - 0.03% 0.08% 0.12% 0.16%
EPS 2 0.12 0.204 1.507 15.33 18.95 3.41
Distribution rate - - 6.64% 6.52% 6.59% 38.1%
Net sales 1 25.13 212.4 1,053 2,818 5,073 4,744
EBITDA 1 1.731 -4.6 89.68 322.3 566.6 435.2
EBIT 1 1.712 -7.767 83.72 293.3 429.2 162
Net income 1 1.25 2.125 15.93 189.8 267.3 56.32
Net Debt 1 -8.163 -11.53 338.6 427.6 583.2 940.9
Reference price 2 22.55 47.05 364.20 1,288.35 1,045.40 817.20
Nbr of stocks (in thousands) 10,419 10,419 11,859 13,132 14,297 14,941
Announcement Date 01/09/21 08/07/22 01/09/23 05/09/24 06/09/25 07/09/26
1INR in Million2INR
Estimates


P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
- - - - 200M
36.04x6.61x27.72x0.58% 324B
30.78x2.88x17.1x1.54% 250B
25.64x1.7x12.68x1.79% 171B
34.48x5.02x21.07x0.99% 161B
33.5x3.67x16.66x1.23% 157B
-685.49x1.73x39.15x-.--% 147B
16.71x1.63x11.69x2.75% 118B
41.07x9.26x28.73x0.23% 90.2B
19.53x1.66x13.56x1.9% 89.64B
Average -49.75x 3.80x 20.93x 1.22% 150.86B
Weighted average by Cap. -38.97x 3.96x 21.47x 1.16%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA


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