Company Valuation: LIC Housing Finance Limited

Data adjusted to current consolidation scope
Fiscal Period: March 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 2,16,097 1,97,445 1,80,833 3,36,061 3,10,153 3,00,747 - -
Change - -8.63% -8.41% 85.84% -7.71% -3.03% - -
Enterprise Value (EV) 2,16,097 1,97,445 1,80,833 3,36,061 3,10,153 3,00,747 3,00,747 3,00,747
Change - -8.63% -8.41% 85.84% -7.71% -3.03% 0% 0%
P/E 7.9x 8.32x 6.25x 7.05x 5.71x 4.87x 5.15x 4.82x
PBR 1.05x 0.8x 0.67x 1.07x 0.86x 0.66x 0.65x 0.58x
PEG - -0.4x 0.3x 0.1x 0.4x 1.59x 0.71x 0.71x
Capitalization / Revenue 4.01x 3.4x 2.79x 3.8x 3.64x 3.03x 3.18x 2.94x
EV / Revenue 0x 0x 0x 0x 0x 3.39x 3.18x 2.94x
EV / EBITDA - - - - - - - -
EV / EBIT 0x 0x 0x 0x 0x 3.99x 3.74x 3.47x
EV / FCF - - - - - - - -
FCF Yield - - - - - - - -
Dividend per Share 2 8.5 8.5 8.5 9 10 10 11.04 12.83
Rate of return 1.99% 2.37% 2.59% 1.47% 1.77% 2.02% 2.02% 2.35%
EPS 2 54.18 43.14 52.56 86.63 98.7 101.7 106.2 113.5
Distribution rate 15.7% 19.7% 16.2% 10.4% 10.1% 9.83% 10.4% 11.3%
Net sales 1 53,946 57,994 64,882 88,440 85,243 89,965 94,465 1,02,183
EBITDA - - - - - - - -
EBIT 1 46,662 47,664 55,000 76,976 71,416 76,663 80,491 86,560
Net income 1 27,343 22,873 28,910 47,654 54,290 55,952 58,456 62,639
Net Debt - - - - - - - -
Reference price 2 428.20 358.95 328.75 610.95 563.85 546.75 546.75 546.75
Nbr of stocks (in thousands) 5,04,663 5,50,063 5,50,063 5,50,063 5,50,063 5,50,063 - -
Announcement Date 15/06/21 18/05/22 16/05/23 15/05/24 15/05/25 13/05/26 - -
1INR in Million2INR
Estimates

P/E, Detailed evolution

P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
5.55x - - 1.99% 314.5Cr
27.29x - - 2.01% 3.34TCr
6.85x - - 8.24% 1.08TCr
21.93x - - 0.67% 511.21Cr
8.55x10.18x26.41x1.41% 441.26Cr
12.57x - - 0.97% 406.83Cr
6.95x - - 4.64% 347.72Cr
13.26x - - 5.66% 330.54Cr
13x - - 1.01% 299.02Cr
7.08x - - 6.7% 254.67Cr
Average 12.30x 10.18x 26.41x 3.33% 732.68Cr
Weighted average by Cap. 18.13x 10.18x 26.41x 3.16%

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 LIC Housing Finance Limited