Company Valuation: Thomas Cook (India) Limited

Data adjusted to current consolidation scope
Fiscal Period: March 2023 2024 2025 2026 2027 2028
Capitalization 1 26,015 77,378 62,629 43,940 - -
Change - 197.44% -19.06% -29.84% - -
Enterprise Value (EV) 26,015 77,378 62,629 43,940 43,940 43,940
Change - 197.44% -19.06% -29.84% 0% 0%
P/E ratio - 29.9x 24.7x 18.6x 14.1x 11.8x
PBR - 3.8x 2.8x 2.36x 2.05x 1.77x
PEG - - -12.51x -2.21x 0.4x 0.6x
Capitalization / Revenue - 1.06x 0.77x 0.51x 0.46x 0.41x
EV / Revenue - 0x 0x 0.51x 0.46x 0.41x
EV / EBITDA - 0x 0x 9.66x 8.04x 6.8x
EV / EBIT - - - - - -
EV / FCF - 0x 0x 38.1x 8.99x 6.5x
FCF Yield - 9.37% 9.58% 2.62% 11.1% 15.4%
Dividend per Share 2 - 0.4 0.45 1 1 1
Rate of return - 0.24% 0.33% 1.07% 1.07% 1.07%
EPS 2 - 5.57 5.46 5 6.6 7.9
Distribution rate - 7.18% 8.24% 20% 15.2% 12.7%
Net sales 1 - 72,994 81,396 86,480 95,838 1,06,982
EBITDA 1 - 4,355 4,767 4,548 5,465 6,458
EBIT - 3,079 3,379 - - -
Net income 1 64.62 2,590 2,543 2,370 3,114 3,702
Net Debt - - - - - -
Reference price 2 56.09 166.35 134.60 93.04 93.04 93.04
Nbr of stocks (in thousands) 4,63,810 4,65,153 4,65,294 4,72,270 - -
Announcement Date 18/05/23 15/05/24 12/05/25 - - -
1INR in Million2INR
Estimates

P/E ratio, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
19.36x - - 1.03% 48Cr
15.88x4.35x11.67x3.22% 13TCr
14.17x2.24x7.58x0.67% 3.32TCr
14.57x1.63x6.5x0.81% 2.76TCr
10.77x1.16x4.47x1.99% 528.79Cr
105.58x4.57x27.07x-.--% 453.84Cr
11.4x0.61x3.63x4.21% 159.09Cr
60.5x1.49x7.92x2.41% 147.81Cr
53.58x4.71x32.47x-.--% 139.37Cr
17.4x0.72x4.26x-.--% 121.6Cr
Average 32.32x 2.39x 11.73x 1.43% 2.05TCr
Weighted average by Cap. 17.84x 3.49x 10.48x 2.34%

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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