Company Valuation: Valor Estate Limited

Data adjusted to current consolidation scope
Fiscal Period: March 2020 2021 2022 2023 2024 2025
Market Cap 1 1,250 5,911 27,123 22,682 105,783 81,174
Change - 372.76% 358.85% -16.37% 366.37% -23.26%
Enterprise Value (EV) 1 21,955 29,645 58,220 47,717 118,177 97,587
Change - 35.02% 96.39% -18.04% 147.66% -17.42%
P/E -0.3x -3.48x 99.7x -21.9x 6.86x -64.6x
PBR 0.08x 0.44x 1.44x 1.06x 2.11x 1.66x
PEG - 0.1x -1x 0x -0x 1x
Capitalization / Revenue 0.74x 24.1x 12.4x 3.25x 29.6x 7.16x
EV / Revenue 12.9x 121x 26.5x 6.83x 33.1x 8.61x
EV / EBITDA -37x -51.9x 124x -6.94x 66.5x -106x
EV / EBIT -36.3x -50.8x 126x -6.93x 77.9x -67.4x
EV / FCF 121x -6.31x -4.2x 29.2x -31.5x 209x
FCF Yield 0.82% -15.8% -23.8% 3.42% -3.17% 0.48%
Dividend per Share 2 - - - - - -
Rate of return - - - - - -
EPS 2 -16.98 -6.98 1.05 -2.944 28.69 -2.333
Distribution rate - - - - - -
Net sales 1 1,696 245.6 2,194 6,982 3,575 11,331
EBITDA 1 -593.8 -571.1 469.4 -6,879 1,778 -917.2
EBIT 1 -604.6 -583.3 462.8 -6,883 1,517 -1,448
Net income 1 -4,130 -1,697 269.3 -903.8 13,194 -1,256
Net Debt 1 20,705 23,733 31,097 25,034 12,394 16,413
Reference price 2 5.14 24.30 104.70 64.41 196.70 150.75
Nbr of stocks (in thousands) 243,259 243,259 259,059 352,155 537,789 538,465
Announcement Date 11/28/20 9/8/21 9/8/22 9/8/23 9/6/24 9/8/25
1INR in Million2INR
Estimates

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
15.6x4.95x13.31x3.25% 44.42B
8.98x1.53x8x3.95% 31.07B
17.9x3.99x16.28x1.37% 27.43B
5.51x0.67x1.4x9.07% 26.52B
13.45x3.03x14.61x2.62% 24.57B
8.09x0.9x3.26x2.76% 20.68B
10.83x2.09x9.79x4.1% 20.51B
10.69x1.68x14.58x3.53% 19.49B
13.12x6.49x17.34x1.62% 19.08B
Average 11.57x 2.81x 10.95x 3.59% 25.97B
Weighted average by Cap. 11.92x 2.94x 10.97x 3.64%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA