Er is iets misgegaan bij het laden van deze pagina.
Ons team heeft al een melding ontvangen, maar neem vooral contact op via de widget e-mailondersteuning als het probleem aanhoudt.
| Metrics | Range | Conclusion |
|---|---|---|
| Selected LTM EBIT Multiple | 14,9x - 16,5x | 15,7x |
| Selected Fwd EBIT Multiple | 15,7x - 17,4x | 16,6x |
| Fair Value | ₹305,06 - ₹362,59 | ₹333,82 |
| Upside | -13,3% - 3,1% | -5,1% |
| Benchmarks | Ticker | Full Ticker |
| Adani Power Limited | ADANIPOWER | NSEI:ADANIPOWER |
| JSW Energy Limited | JSWENERGY | NSEI:JSWENERGY |
| Reliance Power Limited | RPOWER | NSEI:RPOWER |
| Torrent Power Limited | TORNTPOWER | NSEI:TORNTPOWER |
| NHPC Limited | NHPC | NSEI:NHPC |
| NTPC Limited | NTPC | NSEI:NTPC |
| - | - | - |
| Select LTM EBIT Multiple | |||||||
| Benchmark Companies | |||||||
| ADANIPOWER | JSWENERGY | RPOWER | TORNTPOWER | NHPC | NTPC | ||
| NSEI:ADANIPOWER | NSEI:JSWENERGY | NSEI:RPOWER | NSEI:TORNTPOWER | NSEI:NHPC | NSEI:NTPC | ||
| Historical EBIT Growth | |||||||
| 5Y CAGR | 39.6% | 17.3% | -48.6% | 10.7% | 7.2% | 13.5% | |
| 3Y CAGR | 37.5% | 29.0% | -64.5% | 14.4% | 4.5% | 16.0% | |
| Latest Twelve Months | 47.4% | 3.1% | 451.3% | 18.0% | 34.1% | 4.2% | |
| Historical EBIT Profit Margin | |||||||
| 5 Year Average Margin | 21.3% | 27.0% | 18.2% | 15.3% | 45.6% | 19.6% | |
| Prior Fiscal Year | 17.9% | 20.7% | 11.5% | 14.1% | 49.8% | 19.5% | |
| Latest Fiscal Year | 28.4% | 32.7% | 1.4% | 12.2% | 50.3% | 19.2% | |
| Latest Twelve Months | 31.1% | 31.7% | 9.7% | 13.5% | 52.9% | 19.3% | |
| Current Trading Multiples | |||||||
| EV / LTM Revenue | 4.12x | 10.23x | 4.06x | 2.96x | 12.25x | 3.12x | |
| EV / LTM EBITDA | 10.6x | 22.4x | 15.3x | 16.1x | 19.3x | 11.0x | |
| EV / LTM EBIT | 13.3x | 32.2x | 42.0x | 21.9x | 23.2x | 16.1x | |
| Low | Mid | High | |||||
| Benchmark EV / LTM EBIT | 13.3x | 23.2x | 42.0x | ||||
| Historical EV / LTM EBIT | 11.6x | 13.7x | 15.8x | ||||
| Selected EV / LTM EBIT | 14.9x | 15.7x | 16.5x | ||||
| (x) LTM EBIT | 359,483 | 359,483 | 359,483 | ||||
| (=) Implied Enterprise Value | 5,356,894 | 5,638,835 | 5,920,777 | ||||
| (-) Non-shareholder Claims * | (2,341,371) | (2,341,371) | (2,341,371) | ||||
| (=) Equity Value | 3,015,523 | 3,297,465 | 3,579,407 | ||||
| (/) Shares Outstanding | 9,696.7 | 9,696.7 | 9,696.7 | ||||
| Implied Value Range | 310.99 | 340.06 | 369.14 | ||||
| FX Rate: INR/INR | 1.0 | 1.0 | 1.0 | Market Price | |||
| Implied Value Range (Trading Cur) | 310.99 | 340.06 | 369.14 | 351.75 | |||
| Upside / (Downside) | -11.6% | -3.3% | 4.9% | ||||
| Equity Waterfall | |||||||
| Benchmark Companies | |||||||
| (in millions) | ADANIPOWER | JSWENERGY | RPOWER | TORNTPOWER | NHPC | NTPC | |
| Enterprise Value | 2,293,358 | 1,160,931 | 310,140 | 863,689 | 1,177,033 | 5,752,173 | |
| (+) Cash & Short Term Investments | 64,423 | 65,996 | 8,846 | 12,729 | 27,809 | 78,724 | |
| (+) Investments & Other | 0 | 0 | 0 | 0 | 0 | 0 | |
| (-) Debt | (377,050) | (308,531) | (149,028) | (115,674) | (364,173) | (2,420,095) | |
| (-) Other Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | |
| (-) Preferred Stock | 0 | 0 | 0 | 0 | 0 | 0 | |
| (-) Other | 0 | 0 | 0 | 0 | 0 | 0 | |
| Value of Common Equity | 1,980,731 | 918,396 | 169,958 | 760,743 | 840,669 | 3,410,802 | |
| (/) Shares Outstanding | 3,856.9 | 1,745.2 | 4,017.0 | 503.9 | 10,045.0 | 9,696.7 | |
| Implied Stock Price | 513.55 | 526.25 | 42.31 | 1,509.70 | 83.69 | 351.75 | |
| FX Conversion Rate to Trading Currency | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | |
| Implied Stock Price (Trading Cur) | 513.55 | 526.25 | 42.31 | 1,509.70 | 83.69 | 351.75 | |
| Trading Currency | INR | INR | INR | INR | INR | INR | |
| FX Rate to Reporting Currency | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | |