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 -87.5x
EV / EBIT -36.3x -50.8x 126x -6.93x 77.9x -59.3x
EV / FCF 121x -6.31x -4.2x 29.2x -31.5x 285x
FCF Yield 0.82% -15.8% -23.8% 3.42% -3.17% 0.35%
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 -1,116
EBIT 1 -604.6 -583.3 462.8 -6,883 1,517 -1,646
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.($)
14.33x4.63x12.44x3.54% 40.79B
18x3.97x15.96x1.36% 28.36B
7.97x1.43x7.89x4.44% 26.64B
5.77x0.77x1.62x8.62% 27.91B
13.83x3.09x14.76x2.53% 26.05B
10.56x2.14x9.09x3.98% 21.24B
7.98x0.88x3.22x2.8% 20.41B
13.17x6.42x16.88x1.65% 19.28B
37x13.59x33.76x3.2% 17.93B
Average 14.29x 4.10x 12.85x 3.57% 25.4B
Weighted average by Cap. 13.70x 3.81x 12.20x 3.67%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA


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