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 4,730,801 - -
Change - -26.68% 5.8% 4.92% -22.22% -6.52% - -
Enterprise Value (EV) 1 7,819,337 5,739,576 6,053,495 6,261,941 4,838,677 4,355,113 4,285,555 4,256,498
Change - -26.6% 5.47% 3.44% -22.73% -9.99% -1.6% -0.68%
P/E 36.4x 24.8x 23.7x 24.4x 17.5x 15.3x 14.6x 13.9x
PBR 10.6x 7.86x 7.05x 6.8x 5.55x 4.78x 4.43x 4.19x
PEG - 2.53x 2.37x 14.71x 1.6x 2.19x 3.34x 2.72x
Capitalization / Revenue 6.57x 3.99x 4.04x 3.99x 2.83x 2.42x 2.34x 2.24x
EV / Revenue 6.43x 3.91x 3.94x 3.84x 2.71x 2.23x 2.12x 2.01x
EV / EBITDA 24.8x 16.3x 16.6x 16x 11.8x 9.48x 8.92x 8.45x
EV / EBIT 27.9x 18.6x 19.1x 18.2x 13.3x 10.7x 10.1x 9.64x
EV / FCF 32.7x 28.9x 25.1x 18.7x 15.5x 14.4x 13.3x 12.3x
FCF Yield 3.06% 3.47% 3.98% 5.34% 6.46% 6.93% 7.53% 8.13%
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% 5.1% 5.43% 5.79%
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 1,951,185 2,022,383 2,114,880
EBITDA 1 314,910 351,300 364,250 392,360 411,560 459,304 480,471 503,944
EBIT 1 280,150 309,050 317,470 344,240 362,540 406,781 423,076 441,744
Net income 1 221,100 240,950 262,330 267,130 294,400 310,539 325,322 341,665
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 1,168.00 1,168.00 1,168.00
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 (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
23.84x3.85x13.5x2.8% 228B
23.2x4.87x11.94x0.71% 200B
16.33x1.86x9.56x2.9% 141B
-125.81x17.46x95.99x-.--% 113B
-503.2x35.72x146.72x-.--% 104B
16.05x2.89x11.16x5.02% 93.99B
22.72x5.88x14.44x2.49% 68.14B
14.79x2.15x9.15x5.27% 48.34B
24.57x2.04x12.93x1.27% 48.17B
Average -54.17x 8.52x 36.15x 2.27% 115.98B
Weighted average by Cap. -47.05x 8.30x 34.45x 2.06%

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