Company Valuation: Infosys Limited

Data adjusted to current consolidation scope
Fiscal Period: March 2022 2023 2024 2025 2026 2027 2028 2029
Market Cap 1 7,994,057 5,861,306 6,201,355 6,506,491 5,060,687 4,579,723 - -
Change - -26.68% 5.8% 4.92% -22.22% -9.5% - -
Enterprise Value (EV) 1 7,819,337 5,739,576 6,053,495 6,261,941 4,838,677 4,204,036 4,134,477 4,105,420
Change - -26.6% 5.47% 3.44% -22.73% -13.12% -1.65% -0.7%
P/E 36.4x 24.8x 23.7x 24.4x 17.5x 14.8x 14.2x 13.5x
PBR 10.6x 7.86x 7.05x 6.8x 5.55x 4.63x 4.29x 4.05x
PEG - 2.53x 2.37x 14.71x 1.6x 2.12x 3.24x 2.64x
Capitalization / Revenue 6.57x 3.99x 4.04x 3.99x 2.83x 2.35x 2.26x 2.17x
EV / Revenue 6.43x 3.91x 3.94x 3.84x 2.71x 2.15x 2.04x 1.94x
EV / EBITDA 24.8x 16.3x 16.6x 16x 11.8x 9.15x 8.6x 8.15x
EV / EBIT 27.9x 18.6x 19.1x 18.2x 13.3x 10.3x 9.77x 9.29x
EV / FCF 32.7x 28.9x 25.1x 18.7x 15.5x 13.9x 12.8x 11.9x
FCF Yield 3.06% 3.47% 3.98% 5.34% 6.46% 7.18% 7.81% 8.43%
Dividend per Share 2 31 34 38 43 48 59.56 63.37 67.64
Rate of return 1.63% 2.38% 2.54% 2.74% 3.84% 5.27% 5.6% 5.98%
EPS 2 52.41 57.54 63.29 64.34 71.46 76.44 79.79 83.87
Distribution rate 59.1% 59.1% 60% 66.8% 67.2% 77.9% 79.4% 80.7%
Net sales 1 1,216,410 1,467,670 1,536,700 1,629,900 1,786,500 1,951,215 2,022,416 2,114,930
EBITDA 1 314,910 351,300 364,250 392,360 411,560 459,316 480,484 503,961
EBIT 1 280,150 309,050 317,470 344,240 362,540 406,790 423,085 441,759
Net income 1 221,100 240,950 262,330 267,130 294,400 310,540 325,321 341,666
Net Debt 1 -174,720 -121,730 -147,860 -244,550 -222,010 -375,688 -445,246 -474,303
Reference price 2 1,906.85 1,427.95 1,498.05 1,570.65 1,250.60 1,130.70 1,130.70 1,130.70
Nbr of stocks (in thousands) 4,192,284 4,104,700 4,139,618 4,142,547 4,046,607 4,050,344 - -
Announcement Date 4/13/22 4/13/23 4/18/24 4/17/25 4/23/26 - - -
1INR in Million2INR
Estimates

P/E, Detailed evolution



P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
22.87x3.72x13.04x2.91% 219B
23.04x4.84x11.86x0.72% 198B
15.68x1.78x9.18x3.02% 136B
-120.79x16.73x92.01x-.--% 108B
-511.15x36.29x149.08x-.--% 106B
16.07x2.9x11.18x5.01% 93.97B
22.61x5.86x14.38x2.51% 67.63B
15.19x2.22x9.42x5.13% 49.56B
24.75x2.06x13.03x1.26% 48.6B
Average -54.64x 8.49x 35.91x 2.28% 113.99B
Weighted average by Cap. -49.03x 8.31x 34.36x 2.09%

Y-o-Y evolution of P/E

Valuation ratios - P/E - Infosys Limited

Historical PBR trend

Valuation ratios - PBR - Infosys Limited

Evolution Enterprise Value / Sales

Valuation ratios - VE_REV - Infosys Limited

Change in Enterprise Value/EBITDA

Valuation ratios - VE_EBITDA - Infosys Limited


Year-on-year evolution of the Yield

Valuation ratios - Yield - Infosys Limited