Company Valuation: Prestige Estates Projects Limited

Data adjusted to current consolidation scope
Fiscal Period: March 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 122,503 197,945 161,627 469,008 510,157 673,921 - -
Change - 61.58% -18.35% 190.18% 8.77% 32.1% - -
Enterprise Value (EV) 1 134,603 241,363 224,689 558,049 592,229 611,275 801,699 814,412
Change - 79.31% -6.91% 148.36% 6.12% 3.22% 4.11% 1.59%
P/E 8.41x 17.2x 17.2x 34.1x 106x 40.6x 36.8x 27.2x
PBR 1.84x 2.18x 1.62x 4.16x 3.31x 2.98x 3.68x 3.27x
PEG - -0.8x -0.9x 0.7x -1.6x 0x 0.9x 0.8x
Capitalization / Revenue 1.69x 3.1x 1.94x 5.95x 6.94x 3.83x 4.32x 3.57x
EV / Revenue 1.85x 3.78x 2.7x 7.08x 8.06x 4.82x 5.14x 4.31x
EV / EBITDA 6.83x 15.7x 10.8x 22.3x 23.1x 16.5x 15.8x 12.9x
EV / EBIT 9.76x 22.7x 15.6x 31.3x 33.9x 21.8x 19.2x 15.9x
EV / FCF 12.2x -185x -203x -91.6x -40.8x 180x 551x 457x
FCF Yield 8.18% -0.54% -0.49% -1.09% -2.45% 0.56% 0.18% 0.22%
Dividend per Share 2 1.5 1.5 1.5 1.8 1.8 2 1.84 1.9
Rate of return 0.49% 0.3% 0.37% 0.15% 0.15% 0.18% 0.12% 0.12%
EPS 2 36.32 28.69 23.49 34.28 11.19 27.76 42.55 57.57
Distribution rate 4.13% 5.23% 6.39% 5.25% 16.1% 7.2% 4.32% 3.3%
Net sales 1 72,644 63,895 83,150 78,771 73,494 126,854 155,872 188,764
EBITDA 1 19,722 15,335 20,863 24,984 25,588 37,091 50,845 63,050
EBIT 1 13,796 10,625 14,392 17,819 17,465 28,030 41,694 51,180
Net income 1 14,562 11,500 9,418 13,741 4,675 11,955 18,322 25,019
Net Debt 1 12,100 43,418 63,062 89,041 82,072 126,057 127,779 140,491
Reference price 2 305.60 493.80 403.20 1,170.00 1,184.40 1,564.60 1,564.60 1,564.60
Nbr of stocks (in thousands) 400,862 400,862 400,862 400,862 430,730 430,730 - -
Announcement Date 6/8/21 5/26/22 5/30/23 5/28/24 5/29/25 5/21/26 - -
1INR in Million2INR
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
51.17x6.15x18.85x0.12% 7.01B
22.86x4.43x18.61x1.11% 31.03B
6.12x0.75x1.53x8.24% 29.21B
15.34x3.16x15.63x2.28% 25.52B
15.51x0.99x6.54x2.4% 21.53B
16.21x6.85x19.44x1.17% 21.32B
8.04x1.78x5.75x2.75% 18.11B
34.82x15.94x62.93x1.09% 16.1B
9.71x28.39x - 2.27% 16.71B
27.48x11.25x27.29x3.65% 15.58B
Average 20.72x 7.97x 19.62x 2.51% 20.21B
Weighted average by Cap. 17.88x 6.87x 17.53x 2.83%

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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