Company Valuation: Alkem Laboratories Limited

Data adjusted to current consolidation scope
Fiscal Period: March 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 331,171 432,909 406,055 590,890 583,680 679,223 - -
Change - 30.72% -6.2% 45.52% -1.22% 16.37% - -
Enterprise Value (EV) 1 328,603 433,805 393,853 587,236 578,678 632,481 657,491 644,114
Change - 32.02% -9.21% 49.1% -1.46% 9.3% 0.98% -2.03%
P/E 20.9x 26.3x 41.3x 32.9x 27x 27.5x 29.1x 25.3x
PBR 4.49x 5.01x 4.49x 5.73x 4.87x 4.58x 4.43x 3.9x
PEG - 6.89x -1x 0.4x 1.3x 4.37x -3.83x 1.7x
Capitalization / Revenue 3.74x 4.07x 3.5x 4.66x 4.5x 4.31x 4.11x 3.73x
EV / Revenue 3.71x 4.08x 3.4x 4.64x 4.46x 4.3x 3.98x 3.54x
EV / EBITDA 16.9x 21.1x 24.5x 26.2x 23x 21x 19.3x 16.6x
EV / EBIT 19.7x 24.8x 30.3x 30.2x 26.9x 24.1x 22.2x 18.9x
EV / FCF 30.4x 55.4x 27.1x 33.3x 45.3x 42.8x 36.3x 31x
FCF Yield 3.29% 1.81% 3.69% 3% 2.21% 2.33% 2.76% 3.23%
Dividend per Share 2 28 34 25 40 45 53 51.35 56.59
Rate of return 1.01% 0.94% 0.74% 0.81% 0.92% 1% 0.9% 1%
EPS 2 132.6 137.6 82.31 150.2 181.1 192.5 195.3 224.3
Distribution rate 21.1% 24.7% 30.4% 26.6% 24.8% 27.5% 26.3% 25.2%
Net sales 1 88,650 106,342 115,993 126,676 129,645 147,123 165,371 182,166
EBITDA 1 19,424 20,529 16,094 22,455 25,122 30,052 34,011 38,779
EBIT 1 16,678 17,490 12,990 19,462 21,550 26,232 29,653 34,085
Net income 1 15,850 16,456 9,842 17,958 21,655 23,018 23,589 27,377
Net Debt 1 -2,568 896.1 -12,202 -3,654 -5,003 -1,094 -21,733 -35,109
Reference price 2 2,769.80 3,620.70 3,396.10 4,942.00 4,881.70 5,681.50 5,681.50 5,681.50
Nbr of stocks (in thousands) 119,565 119,565 119,565 119,565 119,565 119,550 - -
Announcement Date 5/25/21 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.($)
34.09x12.2x25.51x0.59% 1,023B
26.74x6.1x16.7x2.16% 599B
33.01x7.5x15.37x2.71% 448B
17.72x4.39x10.82x3.02% 326B
21.23x5.45x13.2x2.93% 278B
20.75x4.38x12.12x2.01% 258B
14.46x5.38x11.08x3.46% 222B
23.89x6.31x11.13x2.77% 197B
-47.99x5.74x31.73x2.44% 165B
Average 15.99x 6.38x 16.41x 2.45% 390.56B
Weighted average by Cap. 23.51x 7.66x 17.98x 2.03%

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