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 1,816,214 - -
Change - -38.17% 25.2% 9.44% -28.33% -7.56% - -
Enterprise Value (EV) 1 3,042,265 1,749,875 2,238,476 2,369,995 1,589,490 1,530,770 1,491,819 1,437,959
Change - -42.48% 27.92% 5.88% -32.93% -3.69% -2.54% -3.61%
P/E 26.6x 17.7x 23.1x 20.9x 14.9x 13.8x 13.2x 12.7x
PBR 4.93x 2.56x 3.38x 3.33x 2.23x 2.24x 2.15x 2.01x
PEG - -2.45x 34.12x 1x 46.64x 2.23x 2.94x 3.06x
Capitalization / Revenue 4.09x 2.21x 2.79x 3.08x 2.12x 1.84x 1.79x 1.74x
EV / Revenue 3.85x 1.93x 2.49x 2.66x 1.72x 1.55x 1.47x 1.38x
EV / EBITDA 18.5x 10.4x 13.2x 13.1x 8.9x 7.96x 7.42x 6.98x
EV / EBIT 22.4x 12.9x 16.5x 15.7x 10.4x 9.5x 8.83x 8.28x
EV / FCF 33.6x 15.1x 13.5x 15.3x 11.9x 11.2x 10.2x 9.56x
FCF Yield 2.98% 6.62% 7.4% 6.53% 8.41% 8.96% 9.78% 10.5%
Dividend per Share 2 3 0.5 0.5 6 11 9.045 11.15 11.2
Rate of return 1.01% 0.27% 0.21% 2.29% 5.87% 4.93% 6.07% 6.1%
EPS 2 11.14 10.34 10.41 12.52 12.56 13.34 13.93 14.51
Distribution rate 26.9% 4.84% 4.8% 47.9% 87.6% 67.8% 80% 77.2%
Net sales 1 790,934 904,876 897,603 890,884 926,240 987,571 1,016,553 1,044,767
EBITDA 1 164,523 168,479 169,830 180,818 178,626 192,270 201,085 205,913
EBIT 1 135,931 135,134 135,759 151,239 152,154 161,165 168,941 173,566
Net income 1 122,191 113,500 110,452 131,354 131,974 134,802 140,380 146,104
Net Debt 1 -193,795 -251,019 -266,658 -371,631 -375,361 -285,444 -324,395 -378,255
Reference price 2 296.00 182.65 240.02 262.10 187.55 183.60 183.60 183.60
Nbr of stocks (in thousands) 10,932,636 10,954,798 10,436,972 10,460,231 10,476,409 9,892,233 - -
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.($)
22x3.58x12.52x3.05% 209B
12.09x1.33x7x3.97% 99.92B
-104.41x16.55x95.82x-.--% 103B
15.77x2.89x10.9x5.21% 92.16B
21.01x5.48x13.46x2.73% 62.81B
15.13x2.21x9.37x5.16% 49B
22.02x1.8x11.45x1.33% 42.45B
18.43x2.37x11.35x4.69% 38.34B
22.32x1.66x10.47x0.85% 41.61B
Average 4.93x 4.21x 20.26x 3% 82.06B
Weighted average by Cap. 1.49x 4.80x 22.86x 2.99%

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