Company Valuation: VST Industries Limited

Data adjusted to current consolidation scope
Fiscal Period: March 2021 2022 2023 2024 2025 2026
Market Cap 1 52,361 47,312 48,550 55,151 44,555 33,972
Change - -9.64% 2.62% 13.6% -19.21% -23.75%
Enterprise Value (EV) 1 43,423 39,595 44,706 52,437 41,055 28,150
Change - -8.82% 12.91% 17.29% -21.71% -31.43%
P/E 16.8x 14.8x 14.8x 18.3x 15.3x 11.6x
PBR 5.57x 4.4x 4.12x 4.4x 3.37x 2.35x
PEG - 4.87x 7.02x -2.35x -4.13x 18.12x
Capitalization / Revenue 4.71x 4.02x 3.76x 3.88x 3.19x 2.32x
EV / Revenue 3.91x 3.36x 3.46x 3.69x 2.94x 1.92x
EV / EBITDA 10.4x 9.62x 11.7x 14.8x 14.7x 6.26x
EV / EBIT 11.4x 10.4x 12.7x 16.6x 17.5x 8.07x
EV / FCF 22.9x 22.3x -16.5x -15.7x 28x 17.6x
FCF Yield 4.36% 4.48% -6.04% -6.35% 3.57% 5.67%
Dividend per Share 2 10.36 12.73 13.64 13.64 10 12
Rate of return 3.36% 4.57% 4.77% 4.2% 3.81% 6%
EPS 2 18.3 18.85 19.25 17.75 17.1 17.21
Distribution rate 56.6% 67.5% 70.8% 76.8% 58.5% 69.7%
Net sales 1 11,110 11,782 12,924 14,205 13,978 14,645
EBITDA 1 4,159 4,116 3,827 3,531 2,788 4,499
EBIT 1 3,808 3,815 3,525 3,151 2,343 3,487
Net income 1 3,108 3,202 3,270 3,016 2,904 2,923
Net Debt 1 -8,938 -7,718 -3,845 -2,714 -3,500 -5,822
Reference price 2 308.26 278.54 285.82 324.68 262.30 200.00
Nbr of stocks (in thousands) 169,861 169,861 169,861 169,861 169,861 169,861
Announcement Date 7/5/21 7/6/22 7/28/23 8/7/24 6/30/25 7/6/26
1INR in Million2INR
Estimates


P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
- - - - 361M
27.47x8.29x18.39x2.96% 320B
13.32x4.82x10.38x5.63% 128B
13.55x7.12x11.17x5.76% 125B
20.32x3.62x11.49x3.65% 84.16B
18.43x4.15x13.62x4.9% 34.79B
10.71x3.06x7.02x5.81% 29.17B
14.9x2.87x10.83x3.8% 14.83B
31.79x2.31x19.98x2.07% 6.65B
8.58x0.55x5.47x10.69% 3.93B
Average 17.67x 4.09x 12.04x 5.03% 74.74B
Weighted average by Cap. 20.51x 6.37x 14.15x 4.22%

Y-o-Y evolution of P/E

Valuation ratios - P/E - VST Industries Limited

Historical PBR trend

Valuation ratios - PBR - VST Industries Limited

Evolution Enterprise Value / Sales

Valuation ratios - VE_REV - VST Industries Limited

Change in Enterprise Value/EBITDA

Valuation ratios - VE_EBITDA - VST Industries Limited

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