Company Valuation: Liberty Shoes Ltd.

Data adjusted to current consolidation scope
Fiscal Period: March 2020 2021 2022 2023 2024 2025
Market Cap 1 1,729 2,167 2,495 3,317 4,714 5,475
Change - 25.33% 15.14% 32.96% 42.13% 16.14%
Enterprise Value (EV) 1 3,822 3,794 3,732 4,902 6,161 7,002
Change - -0.75% -1.61% 31.34% 25.68% 13.65%
P/E 15.7x 862x 111x 25.7x 42.3x 40.4x
PBR 0.93x 1.16x 1.31x 1.67x 2.25x 2.46x
PEG - -8.8x 0x 0x -3.1x 1.9x
Capitalization / Revenue 0.27x 0.48x 0.51x 0.51x 0.74x 0.81x
EV / Revenue 0.59x 0.83x 0.77x 0.75x 0.97x 1.04x
EV / EBITDA 6.44x 7.39x 13.5x 11.6x 13.3x 14.1x
EV / EBIT 14.7x 22x 23x 16.3x 18.5x 19.3x
EV / FCF -3.27x 9.31x 13.3x -13.5x 52x -51.4x
FCF Yield -30.6% 10.7% 7.53% -7.38% 1.92% -1.95%
Dividend per Share 2 - - - 2.5 - -
Rate of return - - - 1.28% - -
EPS 2 6.45 0.1474 1.316 7.577 6.548 7.959
Distribution rate - - - 33% - -
Net sales 1 6,495 4,560 4,878 6,543 6,369 6,755
EBITDA 1 593.5 513.5 275.8 421.8 462.2 496
EBIT 1 260.2 172.1 162 300.7 333.9 363.6
Net income 1 110 2.512 22.43 129.1 111.6 135.6
Net Debt 1 2,094 1,627 1,238 1,585 1,447 1,527
Reference price 2 101.45 127.15 146.40 194.65 276.65 321.30
Nbr of stocks (in thousands) 17,040 17,040 17,040 17,040 17,040 17,040
Announcement Date 9/6/20 9/6/21 9/8/23 9/8/23 9/6/24 8/30/25
1INR in Million2INR
Estimates


P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
11.57x1.71x7.36x-.--% 11.86B
16.75x2.68x8.79x-.--% 6.21B
16.71x1.54x8.59x4.9% 5.79B
9.22x1.63x6.67x-.--% 5.77B
12.45x0.33x4.39x5.85% 2.75B
7.29x - - - 2.31B
13.03x1.82x8.28x4.28% 1.65B
12.14x1x9.03x2.04% 1.62B
13.6x1.03x7.9x4.67% 1.31B
Average 12.53x 1.47x 7.63x 2.72% 4.36B
Weighted average by Cap. 12.76x 1.68x 7.60x 1.65%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA