Company Valuation: Wipro Limited

Data adjusted to current consolidation scope
Fiscal Period: March 2022 2023 2024 2025 2026 2027 2028 2029
Market Cap 1 3,236,060 2,000,894 2,505,134 2,741,626 1,964,851 1,834,143 - -
Change - -38.17% 25.2% 9.44% -28.33% -6.65% - -
Enterprise Value (EV) 1 3,042,265 1,749,875 2,238,476 2,369,995 1,589,490 1,483,779 1,446,264 1,398,735
Change - -42.48% 27.92% 5.88% -32.93% -6.65% -2.53% -3.29%
P/E 26.6x 17.7x 23.1x 20.9x 14.9x 12.8x 12.2x 11.5x
PBR 4.93x 2.56x 3.38x 3.33x 2.23x 2.11x 2.02x 2x
PEG - -2.45x 34.12x 1x 46.64x 1.41x 2.5x 2.03x
Capitalization / Revenue 4.09x 2.21x 2.79x 3.08x 2.12x 1.85x 1.78x 1.73x
EV / Revenue 3.85x 1.93x 2.49x 2.66x 1.72x 1.49x 1.4x 1.32x
EV / EBITDA 18.5x 10.4x 13.2x 13.1x 8.9x 7.46x 6.98x 6.56x
EV / EBIT 22.4x 12.9x 16.5x 15.7x 10.4x 8.94x 8.35x 7.87x
EV / FCF 33.6x 15.1x 13.5x 15.3x 11.9x 11.1x 9.77x 9.11x
FCF Yield 2.98% 6.62% 7.4% 6.53% 8.41% 9.03% 10.2% 11%
Dividend per Share 2 3 0.5 0.5 6 11 9.98 11.37 11.22
Rate of return 1.01% 0.27% 0.21% 2.29% 5.87% 5.7% 6.5% 6.41%
EPS 2 11.14 10.34 10.41 12.52 12.56 13.7 14.37 15.18
Distribution rate 26.9% 4.84% 4.8% 47.9% 87.6% 72.8% 79.1% 73.9%
Net sales 1 790,934 904,876 897,603 890,884 926,240 992,823 1,029,982 1,059,950
EBITDA 1 164,523 168,479 169,830 180,818 178,626 198,869 207,125 213,164
EBIT 1 135,931 135,134 135,759 151,239 152,154 166,048 173,218 177,805
Net income 1 122,191 113,500 110,452 131,354 131,974 138,632 145,099 152,449
Net Debt 1 -193,795 -251,019 -266,658 -371,631 -375,361 -350,363 -387,879 -435,407
Reference price 2 296.00 182.65 240.02 262.10 187.55 175.00 175.00 175.00
Nbr of stocks (in thousands) 10,932,636 10,954,798 10,436,972 10,460,231 10,476,409 10,480,814 - -
Announcement Date 4/29/22 4/27/23 4/19/24 4/16/25 4/16/26 - - -
1INR in Million2INR
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
25.11x4.1x14.32x2.61% 243B
13.44x2.45x9.03x6.15% 80.32B
9.35x1.02x5.37x5.16% 76.99B
-79.53x12.51x72.45x-.--% 78.7B
18.75x4.9x12.12x3.06% 55.16B
13.49x1.97x8.24x5.76% 44.66B
12.64x1.44x9.9x1.28% 34.2B
14.99x1.91x8.86x5.76% 31.56B
17.41x1.27x8.11x1.13% 30.83B
Average 5.07x 3.51x 16.49x 3.43% 75.02B
Weighted average by Cap. 6.98x 4.09x 18.10x 3.28%

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