Company Valuation: MosChip Technologies Limited

Data adjusted to current consolidation scope
Fiscal Period: March 2020 2021 2022 2023 2024 2025
Market Cap 1 1,104 3,610 9,684 10,455 16,661 27,897
Change - 227.02% 168.25% 7.97% 59.36% 67.44%
Enterprise Value (EV) 1 1,695 4,184 10,295 11,154 17,323 27,767
Change - 146.78% 146.07% 8.34% 55.3% 60.29%
P/E -2.4x -39.5x 156x 179x 170x 85.9x
PBR 1.78x 6.82x 14.9x 9.25x 6.18x 8.5x
PEG - 0.5x -1x -17.5x 3.5x 0x
Capitalization / Revenue 1.11x 3.43x 6.56x 5.27x 5.67x 5.98x
EV / Revenue 1.71x 3.98x 6.97x 5.62x 5.89x 5.95x
EV / EBITDA -8.22x 235x 73x 83.6x 97x 62.8x
EV / EBIT -6.92x -186x 104x 124x 123x 74.7x
EV / FCF 26.7x 165x -358x -62.5x -196x 49.3x
FCF Yield 3.75% 0.61% -0.28% -1.6% -0.51% 2.03%
Dividend per Share 2 - - - - - -
Rate of return - - - - - -
EPS 2 -2.92 -0.5792 0.39 0.35 0.52 1.7
Distribution rate - - - - - -
Net sales 1 993.2 1,052 1,476 1,984 2,939 4,668
EBITDA 1 -206.2 17.82 141.1 133.5 178.7 442.3
EBIT 1 -244.8 -22.45 99.3 89.95 141.1 371.7
Net income 1 -460.1 -91.51 64.53 61.78 98.84 334.6
Net Debt 1 591.4 573.8 611.3 698.7 661.4 -130.6
Reference price 2 7.00 22.85 60.80 62.77 88.56 146.00
Nbr of stocks (in thousands) 157,704 157,991 159,276 166,567 188,136 191,078
Announcement Date 11/2/20 8/20/21 8/5/22 8/24/23 9/6/24 9/4/25
1INR in Million2INR
Estimates

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
- - - - 429M
21.86x12.3x18.22x0.37% 5,005B
22.18x10.86x14.74x1.14% 1,890B
43.56x17.83x26.25x0.67% 1,866B
11.43x6.89x8.33x0.06% 937B
4.53x2.71x3.25x0.25% 798B
89.89x15.6x57.7x-.--% 790B
-39.42x7.63x21.29x-.--% 459B
188.85x41.44x83.93x-.--% 255B
31.65x11.48x21.3x2.13% 246B
Average 41.61x 14.08x 28.33x 0.51% 1,225B
Weighted average by Cap. 29.06x 12.51x 21.27x 0.49%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

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