Looks like there`s been an error while trying to load this page.
Our team has been notified but please contact us using the email support widget if the problem persists.
| Metrics | Range | Conclusion |
|---|---|---|
| Selected LTM EBITDA Multiple | 60.8x - 67.2x | 64.0x |
| Selected Fwd EBITDA Multiple | 36.7x - 40.6x | 38.7x |
| Fair Value | ₹1,512 - ₹1,669 | ₹1,591 |
| Upside | 1.0% - 11.5% | 6.2% |
| Benchmarks | Ticker | Full Ticker |
| Tejas Networks Limited | TEJASNET | NSEI:TEJASNET |
| Panache Digilife Limited | PANACHE | NSEI:PANACHE |
| TVS Electronics Limited | TVSELECT | NSEI:TVSELECT |
| VXL Instruments Limited | 517399 | BSE:517399 |
| Lenovo Group Limited | 992 | SEHK:992 |
| Netweb Technologies India Limited | NETWEB | NSEI:NETWEB |
| - | - | - |
| Select LTM EBITDA Multiple | |||||||
| Benchmark Companies | |||||||
| TEJASNET | PANACHE | TVSELECT | 517399 | 992 | NETWEB | ||
| NSEI:TEJASNET | NSEI:PANACHE | NSEI:TVSELECT | BSE:517399 | SEHK:992 | NSEI:NETWEB | ||
| Historical EBITDA Growth | |||||||
| 5Y CAGR | 1.3% | -3.9% | -21.7% | NM- | 12.0% | 72.3% | |
| 3Y CAGR | 104.0% | -7.9% | 1.6% | NM- | -2.0% | 93.3% | |
| Latest Twelve Months | 930.3% | 117.8% | 49.3% | 38.6% | 38.1% | 80.8% | |
| Historical EBITDA Profit Margin | |||||||
| 5 Year Average Margin | -8.8% | 7.4% | 2.9% | -25.1% | 5.2% | 12.9% | |
| Prior Fiscal Year | -7.0% | 5.4% | 4.3% | -26.8% | 5.5% | 15.4% | |
| Latest Fiscal Year | 6.4% | 6.4% | 1.3% | -30.9% | 5.3% | 13.9% | |
| Latest Twelve Months | 14.8% | 9.9% | 1.4% | -107.3% | 5.1% | 13.6% | |
| Current Trading Multiples | |||||||
| EV / LTM Revenue | 2.09x | 2.77x | 1.60x | 5.96x | 0.18x | 8.37x | |
| EV / LTM EBITDA | 14.2x | 28.0x | 110.9x | -5.6x | 3.6x | 61.4x | |
| EV / LTM EBIT | 15.3x | 29.4x | -266.9x | -5.4x | 5.3x | 64.0x | |
| Low | Mid | High | |||||
| Benchmark EV / LTM EBITDA | -5.6x | 14.2x | 110.9x | ||||
| Historical EV / LTM EBITDA | 116.9x | 116.9x | 116.9x | ||||
| Selected EV / LTM EBITDA | 60.8x | 64.0x | 67.2x | ||||
| (x) LTM EBITDA | 1,365 | 1,365 | 1,365 | ||||
| (=) Implied Enterprise Value | 82,966 | 87,332 | 91,699 | ||||
| (-) Non-shareholder Claims * | 1,068 | 1,068 | 1,068 | ||||
| (=) Equity Value | 84,034 | 88,401 | 92,768 | ||||
| (/) Shares Outstanding | 56.7 | 56.7 | 56.7 | ||||
| Implied Value Range | 1,483.29 | 1,560.37 | 1,637.44 | ||||
| FX Rate: INR/INR | 1.0 | 1.0 | 1.0 | Market Price | |||
| Implied Value Range (Trading Cur) | 1,483.29 | 1,560.37 | 1,637.44 | 1,497.00 | |||
| Upside / (Downside) | -0.9% | 4.2% | 9.4% | ||||
| Equity Waterfall | |||||||
| Benchmark Companies | |||||||
| (in millions) | TEJASNET | PANACHE | TVSELECT | 517399 | 992 | NETWEB | |
| Enterprise Value | 174,522 | 3,072 | 6,593 | 98 | 12,125 | 83,742 | |
| (+) Cash & Short Term Investments | 5,783 | 61 | 138 | 5 | 4,124 | 1,153 | |
| (+) Investments & Other | 0 | 0 | 0 | 0 | 1,757 | 0 | |
| (-) Debt | (29,108) | (134) | (408) | (31) | (3,981) | (84) | |
| (-) Other Liabilities | 0 | 0 | 0 | 0 | (1,112) | 0 | |
| (-) Preferred Stock | 0 | 0 | 0 | 0 | 0 | 0 | |
| (-) Other | 0 | 0 | 0 | 0 | 0 | 0 | |
| Value of Common Equity | 151,196 | 2,999 | 6,323 | 72 | 12,912 | 84,811 | |
| (/) Shares Outstanding | 176.3 | 12.0 | 18.7 | 13.3 | 12,404.7 | 56.7 | |
| Implied Stock Price | 857.50 | 249.90 | 339.05 | 5.38 | 1.04 | 1,497.00 | |
| FX Conversion Rate to Trading Currency | 1.00 | 1.00 | 1.00 | 1.00 | 0.13 | 1.00 | |
| Implied Stock Price (Trading Cur) | 857.50 | 249.90 | 339.05 | 5.38 | 8.08 | 1,497.00 | |
| Trading Currency | INR | INR | INR | INR | HKD | INR | |
| FX Rate to Reporting Currency | 1.00 | 1.00 | 1.00 | 1.00 | 0.13 | 1.00 | |