Company Valuation: Lemon Tree Hotels Limited

Data adjusted to current consolidation scope
Fiscal Period: March 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 29,171 50,019 61,086 1,03,278 1,01,681 84,910 - -
Change - 71.47% 22.13% 69.07% -1.55% -16.49% - -
Enterprise Value (EV) 1 43,440 70,697 82,570 1,21,632 1,17,475 92,879 96,219 92,261
Change - 62.75% 16.79% 47.31% -3.42% -20.94% -3.82% -4.11%
P/E Ratio -23x -57.1x 53.3x 69.4x 51.8x 35x 26.5x 21.2x
PBR 3.19x 6.03x 7.16x 10.7x 8.74x 5.71x 5.04x 4.13x
PEG - 1.8x -0x 2.3x 1.6x 2.2x 1.1x 0.9x
Capitalization / Revenue 11.6x 12.4x 6.99x 9.64x 7.91x 5.5x 5.24x 4.73x
EV / Revenue 17.3x 17.6x 9.45x 11.4x 9.13x 6.43x 5.94x 5.14x
EV / EBITDA 70.9x 52.8x 18.3x 23.2x 18.5x 13.9x 12.3x 10.2x
EV / EBIT -93.9x 239x 23.2x 29.6x 23.7x 17.5x 15x 12.3x
EV / FCF -148x 104x 37.1x 90.9x 26.4x 23x 17.6x 16.3x
FCF Yield -0.68% 0.96% 2.7% 1.1% 3.79% 4.34% 5.68% 6.15%
Dividend per Share 2 - - - - - 0.7748 0.6494 0.7555
Rate of return - - - - - 0.72% 0.61% 0.7%
EPS 2 -1.61 -1.11 1.45 1.88 2.48 2.87 4.047 5.048
Distribution rate - - - - - 23.9% 16% 15%
Net sales 1 2,517 4,022 8,741 10,711 12,861 14,445 16,191 17,963
EBITDA 1 612.7 1,339 4,524 5,232 6,341 6,693 7,850 9,022
EBIT 1 -462.8 295.7 3,557 4,111 4,948 5,305 6,417 7,521
Net income 1 -1,271 -874.3 1,146 1,485 1,966 2,271 3,268 4,080
Net Debt 1 14,269 20,677 21,484 18,354 15,794 13,361 11,310 7,351
Reference price 2 37.00 63.40 77.25 130.55 128.41 107.23 107.23 107.23
Nbr of stocks (in thousands) 7,88,412 7,88,948 7,90,760 7,91,098 7,91,848 7,91,848 - -
Announcement Date 15/06/21 27/05/22 30/05/23 29/05/24 29/05/25 28/05/26 - -
1INR in Million2INR
Estimates

P/E Ratio, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
33.09x6.84x14.14x0.72% 89Cr
35.96x4.43x20.74x0.7% 11TCr
41.34x7x22.59x0.17% 7.88TCr
28.72x10.88x19.63x1.25% 2.48TCr
64.74x3.11x18.93x0.3% 1.88TCr
20.85x2.34x10.76x3.09% 1.23TCr
42.69x8.44x24.69x0.48% 1.02TCr
10.31x1.9x7.45x3.27% 462.73Cr
9.98x1.4x6.46x-.--% 405.04Cr
13.15x1.31x4.95x3.23% 381.71Cr
Average 30.08x 4.77x 15.03x 1.32% 2.64TCr
Weighted average by Cap. 37.29x 5.64x 20.04x 0.74%

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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