Company Valuation: Alkem Laboratories Limited

Data adjusted to current consolidation scope
Fiscal Period: March 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 331,171 432,909 406,055 590,890 583,680 647,624 - -
Change - 30.72% -6.2% 45.52% -1.22% 10.96% - -
Enterprise Value (EV) 1 328,603 433,805 393,853 587,236 578,678 632,481 617,149 603,569
Change - 32.02% -9.21% 49.1% -1.46% 9.3% -0.38% -2.2%
P/E 20.9x 26.3x 41.3x 32.9x 27x 27.5x 27.6x 24x
PBR 4.49x 5.01x 4.49x 5.73x 4.87x 4.58x 4.19x 3.7x
PEG - 6.89x -1x 0.4x 1.3x 4.37x -3.79x 1.6x
Capitalization / Revenue 3.74x 4.07x 3.5x 4.66x 4.5x 4.31x 3.91x 3.55x
EV / Revenue 3.71x 4.08x 3.4x 4.64x 4.46x 4.3x 3.73x 3.31x
EV / EBITDA 16.9x 21.1x 24.5x 26.2x 23x 21x 18.1x 15.5x
EV / EBIT 19.7x 24.8x 30.3x 30.2x 26.9x 24.1x 20.8x 17.7x
EV / FCF 30.4x 55.4x 27.1x 33.3x 45.3x 42.8x 34.1x 29x
FCF Yield 3.29% 1.81% 3.69% 3% 2.21% 2.33% 2.94% 3.45%
Dividend per Share 2 28 34 25 40 45 53 51.49 56.66
Rate of return 1.01% 0.94% 0.74% 0.81% 0.92% 1% 0.95% 1.05%
EPS 2 132.6 137.6 82.31 150.2 181.1 192.5 196 225.4
Distribution rate 21.1% 24.7% 30.4% 26.6% 24.8% 27.5% 26.3% 25.1%
Net sales 1 88,650 106,342 115,993 126,676 129,645 147,123 165,551 182,526
EBITDA 1 19,424 20,529 16,094 22,455 25,122 30,052 34,136 38,956
EBIT 1 16,678 17,490 12,990 19,462 21,550 26,232 29,663 34,038
Net income 1 15,850 16,456 9,842 17,958 21,655 23,018 23,923 27,679
Net Debt 1 -2,568 896.1 -12,202 -3,654 -5,003 -1,094 -30,475 -44,054
Reference price 2 2,769.80 3,620.70 3,396.10 4,942.00 4,881.70 5,416.50 5,416.50 5,416.50
Nbr of stocks (in thousands) 119,565 119,565 119,565 119,565 119,565 119,565 - -
Announcement Date 5/25/21 A 5/13/22 A 5/19/23 A 5/29/24 A 5/29/25 A 5/28/26 A - -
1INR in Million2INR
Estimates

P/E, Detailed evolution

P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
35.95x13.06x26.6x0.55% 1,097B
27.63x6.35x17.27x2.06% 622B
31.37x7.5x15.34x2.72% 449B
18.05x4.48x11.03x2.96% 334B
23.74x4.94x14.01x1.76% 294B
21.75x5.59x13.5x2.83% 286B
13.9x5.17x10.63x3.6% 213B
23.5x6.26x11.01x2.8% 195B
-45.11x5.46x30.35x2.57% 157B
Average 16.75x 6.53x 16.64x 2.43% 405.19B
Weighted average by Cap. 24.79x 8.05x 18.55x 1.96%

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

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  5. Valuation Alkem Laboratories Limited