Company Valuation: Thomas Cook (India) Limited

Data adjusted to current consolidation scope
Fiscal Period: March 2023 2024 2025 2026 2027 2028 2029
Market Cap 1 26,015 77,378 62,629 42,292 47,690 - -
Change - 197.44% -19.06% -32.47% 12.77% - -
Enterprise Value (EV) 26,015 77,378 62,629 42,292 47,690 47,690 47,690
Change - 197.44% -19.06% -32.47% 12.77% 0% 0%
P/E - 29.9x 24.7x 19.1x 23.5x 15.9x 14.2x
PBR - 3.8x 2.8x 1.65x 2x 1.8x 1.51x
PEG - - -12.51x -1.4x -3.24x 0.3x 1.2x
Capitalization / Revenue - 1.06x 0.77x 0.5x 0.56x 0.5x 0.47x
EV / Revenue - 0x 0x 0x 0.56x 0.5x 0.47x
EV / EBITDA - 0x 0x 0x 11.6x 8.39x 7.34x
EV / EBIT - 0x 0x 0x 21.9x 14.2x 11.1x
EV / FCF - 0x 0x 0x 47.9x 9.86x 6.41x
FCF Yield - 9.37% 9.58% 12.2% 2.09% 10.1% 15.6%
Dividend per Share 2 - 0.4 0.45 - 1 1 1
Rate of return - 0.24% 0.33% - 0.98% 0.98% 0.98%
EPS 2 - 5.57 5.46 4.69 4.35 6.45 7.2
Distribution rate - 7.18% 8.24% - 23% 15.5% 13.9%
Net sales 1 - 72,994 81,396 83,982 85,914 95,478 101,495
EBITDA 1 - 4,355 4,767 4,276 4,114 5,684 6,496
EBIT 1 - 3,079 3,379 4,276 2,176 3,354 4,304
Net income 1 64.62 2,590 2,543 2,188 2,058 3,046 3,400
Net Debt - - - - - - -
Reference price 2 56.09 166.35 134.60 89.55 102.35 102.35 102.35
Nbr of stocks (in thousands) 463,810 465,153 465,294 472,270 465,954 - -
Announcement Date 5/18/23 5/15/24 5/12/25 5/12/26 - - -
1INR in Million2INR
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
23.78x - - 0.97% 503M
15.61x4.35x11.72x1.03% 123B
14.26x1.83x7.2x0.72% 31.71B
24.51x1.8x7.49x0.82% 24.83B
95.98x4.03x22.7x0% 4.4B
47.67x4.4x27.87x-.--% 1.89B
34.64x1.31x6.66x0.4% 1.47B
10.01x0.69x4.1x4.91% 1.45B
31.14x0.67x4.6x-.--% 986M
17.72x0.78x8.73x3.27% 911M
Average 31.53x 2.21x 11.23x 1.21% 19.13B
Weighted average by Cap. 18.92x 3.50x 10.68x 0.95%

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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