Company Valuation: Abbott India Limited

Data adjusted to current consolidation scope
Fiscal Period: March 2021 2022 2023 2024 2025 2026 2027 2028
Capitalization 1 3,18,498 3,76,101 4,69,324 5,72,584 6,53,005 5,48,171 - -
Change - 18.09% 24.79% 22% 14.05% -16.05% - -
Enterprise Value (EV) 1 2,94,408 3,48,609 4,49,953 5,51,239 6,36,726 5,30,586 5,25,621 5,21,161
Change - 18.41% 29.07% 22.51% 15.51% -16.67% -0.94% -0.85%
P/E ratio 46.1x 47.1x 49.4x 47.7x 46.2x 35x 31.7x 28.5x
PBR 12.2x 13.3x 14.7x 15.5x 15.4x 11.7x 10.6x 9.48x
PEG - 3x 2.6x 1.8x 2.6x 3.2x 3.1x 2.5x
Capitalization / Revenue 7.39x 7.65x 8.77x 9.79x 10.2x 7.92x 7.33x 6.66x
EV / Revenue 6.83x 7.09x 8.41x 9.42x 9.93x 7.67x 7.02x 6.33x
EV / EBITDA 32x 32x 37.3x 37.9x 37.6x 28x 24.7x 21.9x
EV / EBIT 34.1x 34.1x 39.6x 39.9x 39.2x 29.5x 26.7x 23.5x
EV / FCF 41.9x 38.6x 52.4x 47.3x 66.4x 40.6x 35.3x 31x
FCF Yield 2.39% 2.59% 1.91% 2.11% 1.51% 2.46% 2.83% 3.23%
Dividend per Share 2 120 145 180 410 475 505.6 572.6 652.8
Rate of return 0.8% 0.82% 0.81% 1.52% 1.55% 1.96% 2.22% 2.53%
EPS 2 325 375.9 446.8 565.3 665.6 737.6 813.8 906
Distribution rate 36.9% 38.6% 40.3% 72.5% 71.4% 68.5% 70.4% 72%
Net sales 1 43,100 49,193 53,487 58,489 64,092 69,176 74,835 82,283
EBITDA 1 9,215 10,877 12,056 14,531 16,946 18,970 21,247 23,809
EBIT 1 8,633 10,216 11,357 13,819 16,228 18,008 19,676 22,220
Net income 1 6,907 7,987 9,494 12,012 14,144 15,658 17,294 19,253
Net Debt 1 -24,090 -27,492 -19,371 -21,345 -16,279 -17,585 -22,551 -27,010
Reference price 2 14,988.65 17,699.45 22,086.55 26,946.00 30,730.65 25,797.15 25,797.15 25,797.15
Nbr of stocks (in thousands) 21,249 21,249 21,249 21,249 21,249 21,249 - -
Announcement Date 18/05/21 17/05/22 19/05/23 09/05/24 15/05/25 - - -
1INR in Million2INR
Estimates

P/E ratio, Detailed evolution

P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
34.97x7.67x27.97x1.96% 592.41Cr
27.27x10.33x20.7x0.73% 83TCr
25.1x5.77x15.66x2.28% 56TCr
23.45x6.27x12.73x3.32% 37TCr
17.18x4.23x10.41x3.13% 33TCr
25.85x5.33x15.06x1.62% 32TCr
28.63x4.9x15.22x2.84% 29TCr
21.14x5.67x13.72x2.9% 29TCr
23.44x6.15x10.83x2.83% 19TCr
12.34x4.43x9.26x4.19% 18TCr
Average 23.94x 6.07x 15.16x 2.58% 33.73TCr
Weighted average by Cap. 23.95x 6.62x 15.21x 2.27%

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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