Company Valuation: PB Fintech Limited

Data adjusted to current consolidation scope
Fiscal Period: March 2022 2023 2024 2025 2026 2027 2028 2029
Market Cap 1 296,440 280,936 503,053 725,905 660,633 492,261 - -
Change - -5.23% 79.06% 44.3% -8.99% -25.49% - -
Enterprise Value (EV) 1 261,031 275,574 498,236 721,196 656,636 473,916 466,291 455,472
Change - 5.57% 80.8% 44.75% -8.95% -27.83% -1.61% -2.32%
P/E -34.1x -58.2x 775x 208x 98.7x 45.2x 34.9x 25.5x
PBR 5.77x 5.19x 8.63x 11.3x 9.03x 5.83x 5.1x 4.34x
PEG - 1.3x -7x 0x 1.1x 0.7x 1.2x 0.7x
Capitalization / Revenue 20.8x 11x 14.6x 14.6x 9.72x 5.48x 4.75x 4.26x
EV / Revenue 18.3x 10.8x 14.5x 14.5x 9.66x 5.27x 4.5x 3.94x
EV / EBITDA -28.9x -41.7x -265x 770x 129x 43.2x 27.2x 19.1x
EV / EBIT -27.6x -38x -180x -2,614x 176x 51.3x 31.6x 20.8x
EV / FCF -16.3x -75.6x -911x -257x -1,710x 72.6x 45.7x 30.2x
FCF Yield -6.13% -1.32% -0.11% -0.39% -0.06% 1.38% 2.19% 3.32%
Dividend per Share 2 - - - - - 1.175 10.3 2.3
Rate of return - - - - - 0.11% 0.97% 0.22%
EPS 2 -20.34 -10.97 1.45 7.65 14.46 23.55 30.45 41.77
Distribution rate - - - - - 4.99% 33.8% 5.51%
Net sales 1 14,249 25,578 34,377 49,772 67,940 89,861 103,531 115,606
EBITDA 1 -9,023 -6,616 -1,883 936.8 5,092 10,972 17,142 23,820
EBIT 1 -9,452 -7,254 -2,770 -275.9 3,733 9,238 14,773 21,892
Net income 1 -8,329 -4,872 669.8 3,530 6,699 10,943 14,123 18,874
Net Debt 1 -35,409 -5,361 -4,816 -4,709 -3,997 -18,345 -25,970 -36,789
Reference price 2 694.30 638.90 1,124.25 1,589.75 1,427.80 1,063.90 1,063.90 1,063.90
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.($)
45.63x5.36x43.92x0.11% 5.21B
54.77x18.89x35.13x-.--% 104B
13.21x2.72x6.06x2.04% 71.63B
22.55x6.25x12.02x-.--% 31.12B
34.79x3.69x11.77x-.--% 23.38B
35.1x17.67x28.98x2.43% 22.4B
77.51x6.23x26.69x-.--% 21.35B
7.18x - - 8.79% 18.2B
5x2.66x6.32x5.38% 17.2B
12.14x-0.73x-1.3x-.--% 15.84B
Average 30.79x 6.97x 18.84x 1.87% 33.08B
Weighted average by Cap. 34.07x 9.73x 20.12x 1.37%

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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