Company Valuation: Glenmark Pharmaceuticals Limited

Data adjusted to current consolidation scope
Fiscal Period: March 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 131,124 124,718 131,124 270,463 434,866 631,989 - -
Change - -4.88% 5.14% 106.27% 60.79% 45.33% - -
Enterprise Value (EV) 1 162,310 150,223 162,699 263,786 442,540 595,740 594,867 582,626
Change - -7.45% 8.3% 62.13% 67.76% 34.62% 0.37% -2.06%
P/E 13.5x 13.2x 44.1x -18x 41.5x 44.2x 26.9x 22.2x
PBR 1.86x 1.37x 1.38x 3.45x 4.91x 5.72x 5x 4.15x
PEG - -4.63x -0.6x 0x -0x 1.5x 1x 1x
Capitalization / Revenue 1.2x 1.01x 1.01x 2.29x 3.26x 3.54x 3.79x 3.41x
EV / Revenue 1.48x 1.22x 1.25x 2.23x 3.32x 3.51x 3.57x 3.14x
EV / EBITDA 7.79x 6.47x 7.14x 22.1x 18.8x 13x 16.5x 13.5x
EV / EBIT 9.89x 8.19x 9.76x 43x 23.7x 14.9x 19.6x 16x
EV / FCF 45.5x 47.2x 923x -22.7x -28.1x 28.5x 36.3x 30.9x
FCF Yield 2.2% 2.12% 0.11% -4.41% -3.56% 3.5% 2.76% 3.24%
Dividend per Share 2 2.5 2.5 2.5 2.5 2.5 2.5 5.359 6.016
Rate of return 0.54% 0.57% 0.54% 0.26% 0.16% 0.12% 0.24% 0.27%
EPS 2 34.38 33.4 10.53 -53.22 37.11 48.24 83.33 101
Distribution rate 7.27% 7.49% 23.7% -4.7% 6.74% 5.18% 6.43% 5.95%
Net sales 1 109,439 123,409 129,901 118,131 133,217 169,825 166,719 185,361
EBITDA 1 20,844 23,203 22,784 11,953 23,514 45,724 36,162 43,035
EBIT 1 16,408 18,336 16,671 6,134 18,654 39,989 30,343 36,353
Net income 1 9,701 9,936 2,972 -15,017 10,471 13,619 23,282 28,228
Net Debt 1 31,187 25,505 31,575 -6,677 7,674 -5,827 -37,122 -49,362
Reference price 2 464.70 442.00 464.70 958.45 1,541.05 2,239.50 2,239.50 2,239.50
Nbr of stocks (in thousands) 282,168 282,168 282,168 282,188 282,188 282,201 - -
Announcement Date 5/28/21 5/27/22 5/19/23 5/24/24 5/23/25 5/29/26 - -
1INR in Million2INR
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
33.93x3.86x16.44x0.24% 6.55B
35.28x6.67x23.05x0.82% 48.15B
18.13x2.05x9.64x1.32% 35.59B
27.27x3.37x17.25x0.86% 11.9B
27.11x3.99x16.27x0.58% 11.85B
19.66x3.44x12.36x3.39% 9.31B
16.06x2.07x6.96x3.23% 7.02B
8.37x1.97x5.15x5.18% 6.91B
Average 23.23x 3.43x 13.39x 1.95% 17.16B
Weighted average by Cap. 25.98x 4.13x 15.72x 1.42%

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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  4. Valuation Glenmark Pharmaceuticals Limited