Company Valuation: The Federal Bank Limited

Data adjusted to current consolidation scope
Fiscal Period: March 2021 2022 2023 2024 2025 2026 2027 2028
Capitalization 1 1,51,309 2,04,689 2,79,842 3,65,790 4,73,312 7,49,923 - -
Change - 35.28% 36.72% 30.71% 29.39% 58.44% - -
Enterprise Value (EV) 1,51,309 2,04,689 2,79,842 3,65,790 4,73,312 7,49,923 7,49,923 7,49,923
Change - 35.28% 36.72% 30.71% 29.39% 58.44% 0% 0%
P/E ratio 9.55x 10.8x 9.36x 9.46x 11.8x 15.7x 15x 12.8x
PBR 0.94x 1.1x 1.3x 1.26x 1.43x 1.65x 1.73x 1.54x
PEG - 0.8x 0.2x 0.8x 3.75x 13.53x 0.7x 0.7x
Capitalization / Revenue 2.02x 2.54x 2.93x 3.22x 3.57x 4.23x 4.33x 3.7x
EV / Revenue 0x 0x 0x 0x 0x 5.07x 4.33x 3.7x
EV / EBITDA - - - - - - - -
EV / EBIT 0x 0x 0x 0x 0x 11x 8.92x 7.41x
EV / FCF - - - - - - - -
FCF Yield - - - - - - - -
Dividend per Share 2 0.7 1.8 1 1.2 1.2 1.2 1.633 1.907
Rate of return 0.92% 1.85% 0.76% 0.8% 0.62% 0.46% 0.54% 0.63%
EPS 2 7.94 9.06 14.13 15.87 16.37 16.56 20.22 23.74
Distribution rate 8.82% 19.9% 7.08% 7.56% 7.33% 7.25% 8.08% 8.03%
Net sales 1 74,786 80,510 95,621 1,13,728 1,32,692 1,50,978 1,73,089 2,02,784
EBITDA - - - - - - - -
EBIT 1 37,869 37,578 47,944 51,745 61,011 72,062 84,054 1,01,229
Net income 1 15,903 18,898 30,106 37,206 40,519 41,173 51,375 62,721
Net Debt - - - - - - - -
Reference price 2 75.80 97.40 132.30 150.20 192.73 304.15 304.15 304.15
Nbr of stocks (in thousands) 19,96,158 21,01,528 21,15,207 24,35,352 24,55,829 24,65,637 - -
Announcement Date 17/05/21 06/05/22 05/05/23 02/05/24 30/04/25 29/04/26 - -
1INR in Million2INR
Estimates

P/E ratio, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
18.42x - - 0.47% 786.96Cr
14x - - 2.02% 84TCr
12.04x - - 2.19% 38TCr
5.72x - - 5.41% 37TCr
11.24x - - 4.61% 31TCr
5.73x - - 5.33% 30TCr
17.04x - - 2.5% 27TCr
6.05x - - 5.15% 27TCr
11.73x - - 2.29% 25TCr
16.45x - - 2.35% 23TCr
Average 11.84x 3.23% 32.23TCr
Weighted average by Cap. 11.38x 3.33%

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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