Company Valuation: VAIV GLOB

Data adjusted to current consolidation scope
Fiscal Period: March 2021 2022 2023 2024 2025 2026
Market Cap 1 124,857 61,325 44,971 60,258 36,355 29,268
Change - -50.88% -26.67% 33.99% -39.67% -19.5%
Enterprise Value (EV) 1 121,419 61,062 44,171 60,114 36,184 29,362
Change - -49.71% -27.66% 36.1% -39.81% -18.85%
P/E 47.1x 26.3x 43.4x 48x 24.1x 11.1x
PBR 13x 5.44x 3.74x 4.79x 2.69x 1.78x
PEG - -2.1x -0.8x 2.3x 1.2x 0.2x
Capitalization / Revenue 4.89x 2.22x 1.67x 1.98x 1.08x 0.79x
EV / Revenue 4.75x 2.21x 1.64x 1.98x 1.07x 0.8x
EV / EBITDA 33.5x 23.1x 28.5x 28.6x 16.1x 9.96x
EV / EBIT 35.2x 25.7x 36.2x 34.3x 19.3x 11.4x
EV / FCF 61x -24.5x 38.7x 40x 42.4x 22.9x
FCF Yield 1.64% -4.08% 2.59% 2.5% 2.36% 4.36%
Dividend per Share 2 5 6 6 6 6 6
Rate of return 0.65% 1.6% 2.2% 1.65% 2.74% 3.42%
EPS 2 16.32 14.24 6.29 7.59 9.1 15.75
Distribution rate 30.6% 42.1% 95.4% 79.1% 65.9% 38.1%
Net sales 1 25,535 27,637 26,909 30,410 33,796 36,918
EBITDA 1 3,628 2,646 1,550 2,103 2,243 2,949
EBIT 1 3,447 2,379 1,219 1,751 1,877 2,579
Net income 1 2,718 2,377 1,050 1,279 1,534 2,661
Net Debt 1 -3,439 -262.9 -800.5 -144 -171.2 94.6
Reference price 2 768.38 373.95 272.85 364.30 218.99 175.36
Nbr of stocks (in thousands) 162,494 163,992 164,821 165,409 166,012 166,900
Announcement Date 7/7/21 7/11/22 7/11/23 7/10/24 7/11/25 7/13/26
1INR in Million2INR
Estimates

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA