Company Valuation: Sobha Limited

Data adjusted to current consolidation scope
Fiscal Period: March 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 41,443 67,127 40,841 1,37,408 1,30,992 1,36,398 - -
Change - 61.98% -39.16% 236.45% -4.67% 4.13% - -
Enterprise Value (EV) 1 69,963 89,874 56,595 1,49,810 1,24,212 1,21,984 1,25,571 1,12,044
Change - 28.46% -37.03% 164.71% -17.09% -1.79% 0.06% -10.77%
P/E Ratio 66.5x 57.4x 42.8x 280x 132x 65.6x 28x 16.5x
PBR 1.71x 2.67x 1.64x 5.47x 2.87x 2.69x 2.63x 2.25x
PEG - 0.7x -2.3x -5.8x 1.7x 0.7x 0.4x 0.2x
Capitalization / Revenue 1.96x 2.46x 1.23x 4.44x 2.09x 2.45x 2.22x 1.86x
EV / Revenue 3.32x 3.29x 1.71x 4.84x 1.98x 2.35x 2.04x 1.53x
EV / EBITDA 9.76x 10.1x 15.3x 54.1x 42.2x 39.3x 16.2x 9.26x
EV / EBIT 11x 10.5x 21.2x 75.4x 60.7x 59.8x 17.7x 9.5x
EV / FCF 12.2x 11.2x 5.51x 28.7x 181x 55.1x 20.5x 9.96x
FCF Yield 8.2% 8.91% 18.1% 3.49% 0.55% 1.82% 4.88% 10%
Dividend per Share 2 3.5 3 3 3 3 6 4.744 5.45
Rate of return 0.8% 0.42% 0.7% 0.21% 0.24% 0.51% 0.37% 0.43%
EPS 2 6.57 12.32 10.05 5.18 9.28 18.09 45.57 77.07
Distribution rate 53.3% 24.4% 29.9% 57.9% 32.3% 33.2% 10.4% 7.07%
Net sales 1 21,098 27,309 33,101 30,969 62,770 51,905 61,459 73,196
EBITDA 1 7,172 8,892 3,694 2,770 2,943 3,100 7,772 12,094
EBIT 1 6,378 8,525 2,672 1,988 2,045 2,040 7,108 11,792
Net income 1 623 1,168 953 491.1 946.9 1,934 4,876 8,290
Net Debt 1 28,520 22,746 15,754 12,402 -6,780 -5,013 -10,827 -24,354
Reference price 2 436.95 707.75 430.60 1,448.75 1,224.75 1,275.30 1,275.30 1,275.30
Nbr of stocks (in thousands) 94,846 94,846 94,846 94,846 1,06,954 1,06,954 - -
Announcement Date 22/06/21 20/05/22 29/05/23 17/05/24 29/05/25 04/05/26 - -
1INR in Million2INR
Estimates

P/E Ratio, Detailed evolution

P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
47.13x2.58x27.4x0.26% 145.59Cr
22.84x4.43x18.6x1.11% 3.13TCr
5.6x0.57x1.14x9.04% 2.66TCr
15.6x3.19x15.76x2.24% 2.62TCr
14.33x0.91x6.05x2.6% 1.99TCr
15.13x6.64x18.82x1.25% 2.01TCr
10.69x26.21x - 2.43% 1.71TCr
6.72x1.54x5x3.05% 1.57TCr
27.44x11.24x27.27x3.66% 1.56TCr
31.9x14.54x57.38x1.19% 1.46TCr
Average 19.74x 7.19x 19.71x 2.68% 1.89TCr
Weighted average by Cap. 16.51x 6.65x 16.95x 3.05%

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 Sobha Limited
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