Company Valuation: PB Fintech Limited

Data adjusted to current consolidation scope
Fiscal Period: March 2022 2023 2024 2025 2026 2027 2028 2029
Market Cap 1 296,440 280,936 503,053 725,905 660,633 832,851 - -
Change - -5.23% 79.06% 44.3% -8.99% 26.07% - -
Enterprise Value (EV) 1 261,031 275,574 498,236 721,196 656,636 813,996 808,513 797,020
Change - 5.57% 80.8% 44.75% -8.95% 23.96% -0.67% -1.42%
P/E -34.1x -58.2x 775x 208x 98.7x 75.9x 54.3x 40x
PBR 5.77x 5.19x 8.63x 11.3x 9.03x 9.86x 8.45x 6.92x
PEG - 1.3x -7x 0x 1.1x 1.2x 1.4x 1.1x
Capitalization / Revenue 20.8x 11x 14.6x 14.6x 9.72x 9.28x 7.32x 5.84x
EV / Revenue 18.3x 10.8x 14.5x 14.5x 9.66x 9.07x 7.11x 5.59x
EV / EBITDA -28.9x -41.7x -265x 770x 129x 73.1x 44.7x 30.5x
EV / EBIT -27.6x -38x -180x -2,614x 176x 88.5x 49.7x 34.1x
EV / FCF -16.3x -75.6x -911x -257x -1,710x 102x 83.2x 54.5x
FCF Yield -6.13% -1.32% -0.11% -0.39% -0.06% 0.98% 1.2% 1.83%
Dividend per Share 2 - - - - - 1.2 11.57 5.25
Rate of return - - - - - 0.07% 0.64% 0.29%
EPS 2 -20.34 -10.97 1.45 7.65 14.46 23.71 33.12 44.99
Distribution rate - - - - - 5.06% 34.9% 11.7%
Net sales 1 14,249 25,578 34,377 49,772 67,940 89,768 113,714 142,628
EBITDA 1 -9,023 -6,616 -1,883 936.8 5,092 11,129 18,070 26,148
EBIT 1 -9,452 -7,254 -2,770 -275.9 3,733 9,197 16,281 23,396
Net income 1 -8,329 -4,872 669.8 3,530 6,699 11,006 15,522 20,998
Net Debt 1 -35,409 -5,361 -4,816 -4,709 -3,997 -18,855 -24,338 -35,831
Reference price 2 694.30 638.90 1,124.25 1,589.75 1,427.80 1,800.00 1,800.00 1,800.00
Nbr of stocks (in thousands) 426,962 439,718 447,456 456,616 462,693 462,695 - -
Announcement Date 5/27/22 5/22/23 5/7/24 5/15/25 5/6/26 - - -
1INR in Million2INR
Estimates

P/E, Detailed evolution



P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
75.92x9.07x73.14x0.07% 8.71B
54.33x18.45x34.33x-.--% 102B
15.41x3.23x7.21x1.75% 83.58B
23.83x6.8x13.08x-.--% 33.73B
37.92x19.2x31.5x2.25% 24.2B
85.26x6.77x28.83x-.--% 22.93B
34.38x3.61x11.63x-.--% 22.94B
5.79x2.86x6.8x4.67% 19.86B
7.46x - - 8.46% 18.46B
11.92x-0.71x-1.26x-.--% 15.91B
Average 35.22x 7.70x 22.81x 1.72% 35.22B
Weighted average by Cap. 35.18x 9.61x 20.92x 1.28%

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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