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 4,576,505 - -
Change - -26.68% 5.8% 4.92% -22.22% -9.57% - -
Enterprise Value (EV) 1 7,819,337 5,739,576 6,053,495 6,261,941 4,838,677 4,200,800 4,147,242 4,098,568
Change - -26.6% 5.47% 3.44% -22.73% -13.18% -1.27% -1.17%
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 4.68x 4.38x 4.12x
PEG - 2.53x 2.37x 14.71x 1.6x 2.16x 3.18x 2.61x
Capitalization / Revenue 6.57x 3.99x 4.04x 3.99x 2.83x 2.35x 2.26x 2.16x
EV / Revenue 6.43x 3.91x 3.94x 3.84x 2.71x 2.16x 2.05x 1.94x
EV / EBITDA 24.8x 16.3x 16.6x 16x 11.8x 9.15x 8.64x 8.2x
EV / EBIT 27.9x 18.6x 19.1x 18.2x 13.3x 10.4x 9.81x 9.27x
EV / FCF 32.7x 28.9x 25.1x 18.7x 15.5x 14.1x 12.7x 11.7x
FCF Yield 3.06% 3.47% 3.98% 5.34% 6.46% 7.12% 7.85% 8.51%
Dividend per Share 2 31 34 38 43 48 59.63 63.72 67.71
Rate of return 1.63% 2.38% 2.54% 2.74% 3.84% 5.28% 5.64% 5.99%
EPS 2 52.41 57.54 63.29 64.34 71.46 76.36 79.77 83.9
Distribution rate 59.1% 59.1% 60% 66.8% 67.2% 78.1% 79.9% 80.7%
Net sales 1 1,216,410 1,467,670 1,536,700 1,629,900 1,786,500 1,947,811 2,021,637 2,114,690
EBITDA 1 314,910 351,300 364,250 392,360 411,560 459,260 479,734 499,650
EBIT 1 280,150 309,050 317,470 344,240 362,540 405,704 422,556 441,976
Net income 1 221,100 240,950 262,330 267,130 294,400 310,791 325,471 341,384
Net Debt 1 -174,720 -121,730 -147,860 -244,550 -222,010 -375,705 -429,263 -477,937
Reference price 2 1,906.85 1,427.95 1,498.05 1,570.65 1,250.60 1,130.10 1,130.10 1,130.10
Nbr of stocks (in thousands) 4,192,284 4,104,700 4,139,618 4,142,547 4,046,607 4,049,646 - -
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.($)
22.19x3.61x12.6x3.02% 211B
-102.72x16.28x94.23x-.--% 102B
12.28x1.36x7.12x3.91% 102B
15.34x2.8x10.59x5.36% 89.66B
20.46x5.35x13.13x2.8% 61.3B
20.64x1.69x10.75x1.42% 39.83B
21.15x1.56x9.88x0.9% 39.45B
18.35x2.36x11.29x4.71% 38.18B
21.11x2.45x16.01x2.84% 28.79B
Average 5.42x 4.16x 20.62x 2.77% 79.01B
Weighted average by Cap. 1.51x 4.81x 23.09x 2.87%

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