Company Valuation: Valor Estate Limited

Data adjusted to current consolidation scope
Fiscal Period: March 2019 2020 2021 2022 2023 2024
Capitalization 1 4,768 1,250 5,911 27,123 22,682 1,05,783
Change - -73.78% 372.76% 358.85% -16.37% 366.37%
Enterprise Value (EV) 1 24,760 21,955 29,645 58,220 47,717 1,18,177
Change - -11.33% 35.02% 96.39% -18.04% 147.66%
P/E ratio -1.72x -0.3x -3.48x 99.7x -21.9x 6.86x
PBR 0.21x 0.08x 0.44x 1.44x 1.06x 2.11x
PEG - -0x 0.1x -1x 0x -0x
Capitalization / Revenue 1.3x 0.74x 24.1x 12.4x 3.25x 29.6x
EV / Revenue 6.77x 12.9x 121x 26.5x 6.83x 33.1x
EV / EBITDA -44.1x -37x -51.9x 124x -6.94x 66.5x
EV / EBIT -42.6x -36.3x -50.8x 126x -6.93x 77.9x
EV / FCF -10.6x 121x -6.31x -4.2x 29.2x -31.5x
FCF Yield -9.45% 0.82% -15.8% -23.8% 3.42% -3.17%
Dividend per Share 2 - - - - - -
Rate of return - - - - - -
EPS 2 -11.41 -16.98 -6.98 1.05 -2.944 28.69
Distribution rate - - - - - -
Net sales 1 3,656 1,696 245.6 2,194 6,982 3,575
EBITDA 1 -561.9 -593.8 -571.1 469.4 -6,879 1,778
EBIT 1 -580.7 -604.6 -583.3 462.8 -6,883 1,517
Net income 1 -2,777 -4,130 -1,697 269.3 -903.8 13,194
Net Debt 1 19,992 20,705 23,733 31,097 25,034 12,394
Reference price 2 19.60 5.14 24.30 104.70 64.41 196.70
Nbr of stocks (in thousands) 2,43,259 2,43,259 2,43,259 2,59,059 3,52,155 5,37,789
Announcement Date 06/09/19 28/11/20 08/09/21 08/09/22 08/09/23 06/09/24
1INR in Million2INR
Estimates

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
- - - - 151.37Cr
8.41x1.77x3.74x7.12% 3.42TCr
11.76x4.36x10.71x4.22% 3.31TCr
7.64x1.21x6.66x4.66% 2.68TCr
14.33x3.04x15.25x2.45% 2.59TCr
55.75x27.18x88.4x0.62% 2.35TCr
16.79x3.76x15.16x1.69% 2.29TCr
10.93x2.49x8.07x2.18% 2.02TCr
8.89x1.25x9.54x3.97% 1.92TCr
Average 16.81x 5.63x 19.69x 3.36% 2.3TCr
Weighted average by Cap. 16.23x 5.42x 18.61x 3.62%
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Year-on-year evolution of the PER

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

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