Company Valuation: SpiceJet Limited

Data adjusted to current consolidation scope
Fiscal Period: March 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 41,765 32,708 18,242 47,012 62,670 16,528 - -
Change - -21.69% -44.23% 157.71% 33.31% -73.63% - -
Enterprise Value (EV) 1 1,27,934 1,15,402 91,383 98,792 1,01,093 60,290 64,048 63,502
Change - -9.8% -20.81% 8.11% 2.33% -40.36% 6.23% -0.85%
P/E -4.18x -1.89x -1.22x -9.73x 80.6x -1.02x -1.15x -2.14x
PBR -1.62x -0.76x -0.56x -1.82x 9.18x -0.39x -0.25x -0.2x
PEG - -0x 0.1x 0.1x -1x 0x 0.1x 0x
Capitalization / Revenue 0.81x 0.5x 0.21x 0.67x 1.19x 0.34x 0.31x 0.28x
EV / Revenue 2.49x 1.76x 1.03x 1.4x 1.91x 1.24x 1.21x 1.07x
EV / EBITDA 30.3x -34.4x -14.1x -1,098x 41x -31.3x 11x 4.63x
EV / EBIT -9.25x -5.21x -4.47x -7.08x -9.16x -4.08x -5.5x -11.7x
EV / FCF 42.6x 12.2x 115x - -5.78x -22x -6.99x -43.9x
FCF Yield 2.35% 8.23% 0.87% - -17.3% -4.54% -14.3% -2.28%
Dividend per Share 2 - - - - - - - -
Rate of return - - - - - - - -
EPS 2 -16.61 -28.69 -24.9 -6.17 0.55 -10.61 -9.381 -5.064
Distribution rate - - - - - - - -
Net sales 1 51,334 65,573 88,688 70,500 52,840 48,806 53,001 59,560
EBITDA 1 4,228 -3,351 -6,485 -89.97 2,465 -1,928 5,800 13,715
EBIT 1 -13,837 -22,167 -20,434 -13,951 -11,033 -14,778 -11,641 -5,419
Net income 1 -9,983 -17,255 -15,030 - 580.7 -12,873 -6,282 1,379
Net Debt 1 86,169 82,695 73,141 51,780 38,423 43,762 47,520 46,974
Reference price 2 69.50 54.35 30.31 60.01 44.34 10.83 10.83 10.83
Nbr of stocks (in thousands) 6,00,937 6,01,797 6,01,846 7,83,405 14,13,397 15,26,099 - -
Announcement Date 30/06/21 31/08/22 14/08/23 15/07/24 13/06/25 - - -
1INR in Million2INR
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
-1.02x1.24x-31.27x - 17Cr
14.57x0.85x7.64x1.5% 2.36TCr
22.33x0.6x6.88x-.--% 1TCr
30.93x2.52x10.94x2.17% 509.6Cr
32.34x1.18x8.18x1.45% 328.65Cr
15.19x1.16x6.75x-.--% 272.84Cr
-5.99x1.28x6.87x-.--% 142.7Cr
17.51x1.46x4.93x2.81% 112.46Cr
-3.49x1.13x4.73x-.--% 89Cr
Average 13.60x 1.27x 2.85x 0.99% 537.39Cr
Weighted average by Cap. 18.22x 1.05x 7.54x 1.13%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

  1. Stock Market
  2. Stocks
  3. SPICEJET Stock
  4. Valuation SpiceJet Limited