Company Valuation: Alkem Laboratories Limited

Data adjusted to current consolidation scope
Fiscal Period: March 2022 2023 2024 2025 2026 2027 2028 2029
Market Cap 1 432,909 406,055 590,890 583,680 633,575 660,896 - -
Change - -6.2% 45.52% -1.22% 8.55% 4.31% - -
Enterprise Value (EV) 1 433,805 393,853 587,236 578,678 632,481 639,163 625,786 635,129
Change - -9.21% 49.1% -1.46% 9.3% 1.06% -2.09% 1.49%
P/E 26.3x 41.3x 32.9x 27x 27.5x 28.3x 24.6x 21.4x
PBR 5.01x 4.49x 5.73x 4.87x 4.58x 4.31x 3.79x 3.38x
PEG - -1x 0.4x 1.3x 4.37x 19.39x 1.7x 1.4x
Capitalization / Revenue 4.07x 3.5x 4.66x 4.5x 4.31x 4x 3.63x 3.27x
EV / Revenue 4.08x 3.4x 4.64x 4.46x 4.3x 3.87x 3.44x 3.15x
EV / EBITDA 21.1x 24.5x 26.2x 23x 21x 18.8x 16.1x 14.3x
EV / EBIT 24.8x 30.3x 30.2x 26.9x 24.1x 21.6x 18.4x 16.1x
EV / FCF 55.4x 27.1x 33.3x 45.3x 42.8x 35.3x 30.1x 26.7x
FCF Yield 1.81% 3.69% 3% 2.21% 2.33% 2.83% 3.32% 3.74%
Dividend per Share 2 34 25 40 45 53 51.35 56.59 69.96
Rate of return 0.94% 0.74% 0.81% 0.92% 1% 0.93% 1.02% 1.27%
EPS 2 137.6 82.31 150.2 181.1 192.5 195.3 224.3 258.2
Distribution rate 24.7% 30.4% 26.6% 24.8% 27.5% 26.3% 25.2% 27.1%
Net sales 1 106,342 115,993 126,676 129,645 147,123 165,371 182,166 201,902
EBITDA 1 20,529 16,094 22,455 25,122 30,052 34,011 38,779 44,465
EBIT 1 17,490 12,990 19,462 21,550 26,232 29,653 34,085 39,396
Net income 1 16,456 9,842 17,958 21,655 23,018 23,589 27,377 31,444
Net Debt 1 896.1 -12,202 -3,654 -5,003 -1,094 -21,733 -35,109 -25,767
Reference price 2 3,620.70 3,396.10 4,942.00 4,881.70 5,299.00 5,527.50 5,527.50 5,527.50
Nbr of stocks (in thousands) 119,565 119,565 119,565 119,565 119,565 119,565 - -
Announcement Date 5/13/22 5/19/23 5/29/24 5/29/25 5/28/26 - - -
1INR in Million2INR
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
34.45x12.59x25.62x0.57% 1,083B
28.9x - - 2.07% 626B
31.93x7.43x15.44x2.74% 442B
20.56x4.87x12.07x2.71% 363B
22.02x5.7x14.21x2.82% 295B
20.5x4.23x12.01x2.08% 248B
25.99x6.83x12.15x2.43% 224B
13.93x4.99x10.37x3.65% 210B
-42.16x6.03x34.04x2.43% 168B
Average 17.35x 6.58x 16.99x 2.39% 406.57B
Weighted average by Cap. 24.65x 8.25x 18.71x 1.96%

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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  5. Valuation Alkem Laboratories Limited