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Metrics | Range | Conclusion |
---|---|---|
Selected LTM Revenue Multiple | 8,6x - 9,6x | 9,1x |
Selected Fwd Revenue Multiple | 5,8x - 6,4x | 6,1x |
Fair Value | 1.572₹ - 1.735₹ | 1.653₹ |
Upside | 5,0% - 15,9% | 10,4% |
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 Revenue Multiple | ||||||||
Benchmark Companies | ||||||||
TEJASNET | PANACHE | TVSELECT | 517399 | 992 | NETWEB | |||
NSEI:TEJASNET | NSEI:PANACHE | NSEI:TVSELECT | BSE:517399 | SEHK:992 | NSEI:NETWEB | |||
Historical Revenue Growth | ||||||||
5Y CAGR | 22.4% | 0.7% | -33.2% | -13.3% | 2.2% | 41.0% | ||
3Y CAGR | 67.3% | 7.6% | 17.7% | 0.2% | -2.2% | 71.8% | ||
Latest Twelve Months | 477.3% | 15.1% | 16.6% | -80.5% | 18.4% | 72.0% | ||
Historical EBIT Profit Margin | ||||||||
5 Year Average Margin | -11.9% | 6.6% | 1.7% | -27.7% | 3.7% | 12.3% | ||
Prior Fiscal Year | -11.2% | 5.0% | 3.6% | -27.5% | 3.9% | 14.9% | ||
Latest Fiscal Year | 3.8% | 6.0% | -0.3% | -31.7% | 3.5% | 13.3% | ||
Latest Twelve Months | 13.7% | 9.4% | -0.6% | -110.2% | 3.5% | 13.1% | ||
Current Trading Multiples | ||||||||
EV / LTM Revenue | 2.09x | 2.77x | 1.60x | 5.96x | 0.18x | 8.37x | ||
EV / LTM EBIT | 15.3x | 29.4x | -266.9x | -5.4x | 5.3x | 64.0x | ||
Price / LTM Sales | 1.81x | 2.70x | 1.53x | 4.37x | 0.20x | 8.48x | ||
Low | Mid | High | ||||||
Benchmark EV / LTM Revenue | 0.18x | 2.09x | 5.96x | |||||
Historical EV / LTM Revenue | 15.18x | 15.18x | 15.18x | |||||
Selected EV / LTM Revenue | 8.65x | 9.10x | 9.56x | |||||
(x) LTM Revenue | 10,003 | 10,003 | 10,003 | |||||
(=) Implied Enterprise Value | 86,479 | 91,031 | 95,582 | |||||
(-) Non-shareholder Claims * | 1,068 | 1,068 | 1,068 | |||||
(=) Equity Value | 87,548 | 92,099 | 96,651 | |||||
(/) Shares Outstanding | 56.7 | 56.7 | 56.7 | |||||
Implied Value Range | 1,545.31 | 1,625.64 | 1,705.98 | |||||
FX Rate: INR/INR | 1.0 | 1.0 | 1.0 | Market Price | ||||
Implied Value Range (Trading Cur) | 1,545.31 | 1,625.64 | 1,705.98 | 1,497.00 | ||||
Upside / (Downside) | 3.2% | 8.6% | 14.0% |
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 |