Company Valuation: InterGlobe Aviation Limited

Data adjusted to current consolidation scope
Fiscal Period: March 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 628,154 775,961 736,646 1,369,703 1,976,687 2,053,973 - -
Change - 23.53% -5.07% 85.94% 44.32% 3.91% - -
Enterprise Value (EV) 1 734,887 962,473 951,211 1,559,586 2,207,408 1,804,669 2,396,408 2,481,610
Change - 30.97% -1.17% 63.96% 41.54% -18.24% 2.19% 3.56%
P/E -10.8x -12.6x -241x 16.8x 27.3x -63.7x 38.3x 25.9x
PBR 567x -13x -11.8x 68.6x 21.1x 21.9x 16.6x 10.1x
PEG - -2.08x 2.5x -0x -2.4x 0x -0x 0.5x
Capitalization / Revenue 4.29x 2.99x 1.35x 1.99x 2.45x 1.79x 2.09x 1.85x
EV / Revenue 5.02x 3.71x 1.75x 2.26x 2.73x 2.12x 2.44x 2.24x
EV / EBITDA 275x 112x 14.6x 9.56x 12.2x 15.1x 11.9x 9.43x
EV / EBIT -15.6x -21.3x 68.3x 15.8x 23.5x 154x 34.6x 22.2x
EV / FCF -35.8x 55.2x 7.82x 7.75x 9.79x 8.29x 13.1x 11.6x
FCF Yield -2.79% 1.81% 12.8% 12.9% 10.2% 12.1% 7.64% 8.59%
Dividend per Share 2 - - - - 10 10 9.75 9.703
Rate of return - - - - 0.2% 0.19% 0.18% 0.18%
EPS 2 -150.9 -160 -7.93 211.6 187.7 -61.88 138.6 204.9
Distribution rate - - - - 5.33% -70.2% 7.03% 4.74%
Net sales 1 146,406 259,309 544,465 689,043 808,029 849,619 982,531 1,110,275
EBITDA 1 2,669 8,590 64,954 163,176 180,583 119,834 202,003 263,164
EBIT 1 -47,131 -45,213 13,924 98,918 93,781 11,752 69,305 111,916
Net income 1 -58,064 -61,618 -3,058 81,725 72,584 -23,919 53,835 82,011
Net Debt 1 106,733 186,512 214,565 189,883 230,721 280,061 342,436 427,637
Reference price 2 1,631.95 2,014.15 1,910.65 3,548.65 5,115.35 5,312.00 5,312.00 5,312.00
Nbr of stocks (in thousands) 384,910 385,255 385,547 385,979 386,423 386,667 - -
Announcement Date 6/5/21 5/25/22 5/18/23 5/23/24 5/21/25 5/29/26 - -
1INR in Million2INR
Estimates

P/E, Detailed evolution

P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
14.64x1x7.6x0.89% 57.1B
11.14x0.88x6.92x-.--% 40.9B
14.02x1.56x6.86x1.75% 32.21B
9.39x0.86x4.12x1.89% 27.94B
28.12x1.26x6.26x3.41% 18.82B
12.08x1.26x5.1x2.89% 16.3B
-13.78x1.54x10x-.--% 13.62B
9.08x0.42x4.18x3.31% 13.04B
-121.49x1.53x8.67x-.--% 12.18B
Average -4.09x 1.15x 6.63x 1.57% 25.79B
Weighted average by Cap. 5.10x 1.11x 6.68x 1.35%

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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  5. Valuation InterGlobe Aviation Limited