Company Valuation: Mazda Limited

Data adjusted to current consolidation scope
Fiscal Period: March 2021 2022 2023 2024 2025 2026
Market Cap 1 1,798 1,976 2,481 5,147 4,923 3,205
Change - 9.89% 25.53% 107.45% -4.34% -34.9%
Enterprise Value (EV) 1 1,405 1,638 1,993 4,252 3,959 2,510
Change - 16.64% 21.67% 113.29% -6.89% -36.6%
P/E 11x 9.3x 9.32x 16.3x 19.8x 11.7x
PBR 1.22x 1.2x 1.33x 2.42x 2.14x 1.29x
PEG - 0.3x 0.4x 0.9x -0.9x 1.1x
Capitalization / Revenue 1.18x 1.2x 1.3x 2.29x 2.56x 1.52x
EV / Revenue 0.92x 1x 1.05x 1.89x 2.06x 1.19x
EV / EBITDA 6.03x 5.86x 5.31x 10.7x 13.2x 7.27x
EV / EBIT 6.87x 6.31x 5.76x 11.8x 15.1x 8.26x
EV / FCF 17.5x -15.1x 16.4x 11.5x 72.8x -8.18x
FCF Yield 5.7% -6.63% 6.1% 8.71% 1.37% -12.2%
Dividend per Share 2 2.2 2.42 2.8 3.2 3.6 4
Rate of return 2.45% 2.45% 2.26% 1.25% 1.46% 2.5%
EPS 2 8.154 10.61 13.3 15.74 12.41 13.74
Distribution rate 27% 22.8% 21.1% 20.3% 29% 29.1%
Net sales 1 1,520 1,642 1,904 2,246 1,925 2,105
EBITDA 1 232.9 279.8 375.5 396 300.4 345.4
EBIT 1 204.5 259.4 345.8 359.4 261.9 304
Net income 1 163.3 212.4 266.3 315.2 248.5 275.1
Net Debt 1 -393.9 -337.9 -487.5 -894.8 -964.5 -695.3
Reference price 2 89.81 98.69 123.89 257.01 245.85 160.05
Nbr of stocks (in thousands) 20,025 20,025 20,025 20,025 20,025 20,025
Announcement Date 8/23/21 9/9/22 8/24/23 8/14/24 8/25/25 8/26/26
1INR in Million2INR
Estimates


P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
- - - - 59.35M
30.51x5.42x19.79x0.85% 119B
31.6x5.01x19x1.7% 90.64B
28.74x3.28x18.96x0.72% 62.92B
40.65x6.35x28x1.87% 59.26B
39.15x7.93x23.21x-.--% 56.89B
26.21x4.8x16.8x2.29% 34.15B
20.68x1.77x12.74x2.27% 30.08B
31.64x4.14x15.6x0.11% 30.49B
18.81x3.19x10.25x1.6% 26.16B
Average 29.78x 4.65x 18.26x 1.27% 50.98B
Weighted average by Cap. 31.23x 5.02x 19.52x 1.18%

Y-o-Y evolution of P/E

Valuation ratios - P/E - Mazda Limited

Historical PBR trend

Valuation ratios - PBR - Mazda Limited

Evolution Enterprise Value / Sales

Valuation ratios - VE_REV - Mazda Limited

Change in Enterprise Value/EBITDA

Valuation ratios - VE_EBITDA - Mazda Limited

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