Company Valuation: AVG Logistics Limited

Data adjusted to current consolidation scope
Fiscal Period: March 2021 2022 2023 2024 2025 2026
Market Cap 1 547.6 1,001 1,989 7,921 3,764 2,176
Change - 82.8% 98.76% 298.18% -52.48% -42.2%
Enterprise Value (EV) 1 1,555 2,104 4,622 10,038 5,865 4,295
Change - 35.25% 119.7% 117.21% -41.57% -26.77%
P/E -29.4x 16.6x 23.8x 21.8x 16.7x 8.31x
PBR 0.88x 1.18x 2.22x 3.96x 1.53x 0.8x
PEG - -0x 0.6x 0x -0.4x 0.5x
Capitalization / Revenue 0.16x 0.23x 0.47x 1.65x 0.68x 0.38x
EV / Revenue 0.47x 0.49x 1.08x 2.09x 1.06x 0.74x
EV / EBITDA 10.7x 7.31x 9.76x 17.4x 8.77x 5.47x
EV / EBIT 20x 9.4x 11.6x 21.3x 11.1x 6.86x
EV / FCF -5.52x -22.3x 26.8x -19.6x -25.2x -15.6x
FCF Yield -18.1% -4.48% 3.74% -5.09% -3.98% -6.39%
Dividend per Share 2 - - 1 1.2 1.2 1.2
Rate of return - - 0.59% 0.21% 0.48% 0.83%
EPS 2 -1.58 5.115 7.086 26.66 15.01 17.38
Distribution rate - - 14.1% 4.5% 7.99% 6.9%
Net sales 1 3,334 4,321 4,271 4,799 5,515 5,786
EBITDA 1 145.5 287.6 473.6 577.4 668.9 784.6
EBIT 1 77.91 223.9 397.8 470.5 526.9 626.2
Net income 1 -17.2 60.23 83.44 319.2 213.3 261.7
Net Debt 1 1,008 1,103 2,632 2,117 2,101 2,119
Reference price 2 46.50 85.00 168.95 580.00 250.00 144.51
Nbr of stocks (in thousands) 11,775 11,775 11,775 13,658 15,058 15,058
Announcement Date 10/28/22 10/28/22 9/6/23 9/6/24 9/6/25 9/1/26
1INR in Million2INR
Estimates


P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
- - - - 32.08M
15.6x1.09x7.98x6.97% 79.91B
16.34x0.99x7.26x3.51% 71.47B
13.98x0.86x7.52x1.95% 68.04B
28.97x1.21x10.37x0.58% 43.36B
12.89x9.44x29.11x5.34% 42.91B
25.26x1.18x12.51x3.02% 32.1B
24.37x1.81x17.25x0.83% 24.46B
13.88x0.4x3.95x3% 22.79B
9.96x1.43x5.26x4.24% 14.9B
Average 17.92x 2.05x 11.25x 3.27% 40B
Weighted average by Cap. 17.62x 1.97x 10.90x 3.61%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA


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