Company Valuation: Zee Entertainment Enterprises Limited

Data adjusted to current consolidation scope
Fiscal Period: March 2021 2022 2023 2024 2025 2026 2027 2028
Capitalization 1 195,175 276,965 203,870 133,080 94,457 83,335 - -
Change - 41.91% -26.39% -34.72% -29.02% -11.78% - -
Enterprise Value (EV) 1 180,628 264,753 198,650 123,451 85,166 63,107 60,928 58,807
Change - 46.57% -24.97% -37.86% -31.01% -25.9% -3.45% -3.48%
P/E ratio 24.4x 28.7x 425x 94.3x 13.9x 14.8x 11.6x 9.48x
PBR 1.93x 2.55x 1.9x 1.22x 0.89x 0.71x 0.68x 0.65x
PEG - 1.4x -4.5x 0x 0x -0.9x 0.4x 0.4x
Capitalization / Revenue 2.52x 3.38x 2.52x 1.54x 1.14x 1.02x 0.97x 0.92x
EV / Revenue 2.34x 3.23x 2.46x 1.43x 1.03x 0.77x 0.71x 0.65x
EV / EBITDA 10.1x 15.4x 18x 13.6x 7.12x 7.21x 5.2x 4.27x
EV / EBIT 11.8x 17.9x 25.2x 20.6x 9.28x 9.8x 7.15x 5.67x
EV / FCF 13.5x 750x -143x 21.1x 7.78x 7.68x 9.44x 11.4x
FCF Yield 7.43% 0.13% -0.7% 4.73% 12.9% 13% 10.6% 8.8%
Dividend per Share 2 2.5 3 - 1 2.43 2.571 3.03 3.184
Rate of return 1.23% 1.04% - 0.72% 2.47% 2.94% 3.46% 3.64%
EPS 2 8.33 10.04 0.5 1.47 7.08 5.923 7.576 9.241
Distribution rate 30% 29.9% - 68% 34.3% 43.4% 40% 34.5%
Net sales 1 77,299 81,893 80,879 86,372 82,941 81,492 85,825 90,743
EBITDA 1 17,901 17,221 11,011 9,071 11,962 8,752 11,706 13,770
EBIT 1 15,252 14,762 7,883 5,980 9,177 6,438 8,522 10,365
Net income 1 8,000 9,646 471.9 1,414 6,795 5,738 7,407 9,128
Net Debt 1 -14,546 -12,211 -5,220 -9,629 -9,291 -20,228 -22,407 -24,528
Reference price 2 203.20 288.35 212.25 138.55 98.34 87.60 87.60 87.60
Nbr of stocks (in thousands) 960,504 960,516 960,519 960,519 960,519 960,519 - -
Announcement Date 20/05/21 26/05/22 25/05/23 17/05/24 08/05/25 - - -
1INR in Million2INR
Estimates

P/E ratio, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
14.79x0.78x7.3x2.94% 905M
-332.44x2.48x10.83x-.--% 68.03B
15.79x1.77x8.32x0.88% 26.03B
19.01x1.04x6.95x6.01% 6.93B
8.06x2.16x5.88x3.91% 6.23B
8.98x1.13x3.71x2.76% 5.88B
13.71x1.14x6.53x1.27% 4.93B
15x3.83x7.45x2.44% 2.75B
16.04x1.34x10.64x - 2.37B
Average -24.56x 1.74x 7.51x 2.53% 13.78B
Weighted average by Cap. -175.83x 2.11x 9.22x 0.99%

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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  4. Valuation Zee Entertainment Enterprises Limited