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 43,194 - -
Change - 197.44% -19.06% -31.03% - -
Enterprise Value (EV) 26,015 77,378 62,629 43,194 43,194 43,194
Change - 197.44% -19.06% -31.03% 0% 0%
P/E ratio - 29.9x 24.7x 18.6x 14.2x 11.5x
PBR - 3.8x 2.8x 2.03x 1.8x 1.58x
PEG - - -12.51x -2.21x 0.5x 0.5x
Capitalization / Revenue - 1.06x 0.77x 0.5x 0.45x 0.4x
EV / Revenue - 0x 0x 0.5x 0.45x 0.4x
EV / EBITDA - 0x 0x 9.46x 7.87x 6.66x
EV / EBIT - 0x 0x 14.3x 11.3x 9x
EV / FCF - 0x 0x 37.5x 8.84x 6.39x
FCF Yield - 9.37% 9.58% 2.67% 11.3% 15.7%
Dividend per Share 2 - 0.4 0.45 1 1 1
Rate of return - 0.24% 0.33% 1.08% 1.08% 1.08%
EPS 2 - 5.57 5.46 5 6.55 8.05
Distribution rate - 7.18% 8.24% 20% 15.3% 12.4%
Net sales 1 - 72,994 81,396 86,854 96,228 1,07,416
EBITDA 1 - 4,355 4,767 4,568 5,488 6,484
EBIT 1 - 3,079 3,379 3,019 3,827 4,799
Net income 1 64.62 2,590 2,543 2,344 3,094 3,769
Net Debt - - - - - -
Reference price 2 56.09 166.35 134.60 92.75 92.75 92.75
Nbr of stocks (in thousands) 4,63,810 4,65,153 4,65,294 4,65,700 - -
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.($)
18.55x - - 1.08% 47Cr
16.64x4.51x11.99x1% 14TCr
7.79x2.94x9.64x0.53% 3.41TCr
14.17x1.74x6.97x0.84% 2.82TCr
14.25x1.72x6.93x1.4% 598.72Cr
144.54x4.47x26.62x-.--% 449.58Cr
12.5x0.71x4.13x3.97% 178.42Cr
41.12x1.37x7.53x0.3% 148.86Cr
15.04x0.58x3.4x-.--% 112.8Cr
Average 31.62x 2.25x 9.65x 1.01% 2.38TCr
Weighted average by Cap. 17.65x 3.74x 10.98x 0.91%

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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