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 08/09/21 08/09/22 08/09/23 06/09/24 08/09/25 08/09/26
1INR in Million2INR
Estimates


P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
- - - - 568M
14.04x4.55x12.24x3.61% 39.98B
5.75x0.78x1.61x8.56% 28.11B
17.96x3.96x15.93x1.36% 27.51B
7.9x1.42x7.84x4.47% 26.42B
13.87x3.09x14.78x2.52% 25.41B
10.25x2.01x8.28x4.1% 20.61B
8.09x0.9x3.26x2.76% 20.68B
37.7x13.82x34.8x3.15% 18.2B
13.13x6.41x16.86x1.66% 18.68B
Average 14.30x 4.11x 12.85x 3.58% 22.62B
Weighted average by Cap. 13.69x 3.81x 12.16x 3.7%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA


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