Company Valuation: Apollo Hospitals Enterprise Limited

Data adjusted to current consolidation scope
Fiscal Period: March 2021 2022 2023 2024 2025 2026 2027 2028
Capitalization 1 417,357 649,346 619,841 914,010 951,308 1,110,665 - -
Change - 55.59% -4.54% 47.46% 4.08% 16.75% - -
Enterprise Value (EV) 1 442,681 660,331 636,264 929,451 976,135 1,160,740 1,153,772 1,147,920
Change - 49.17% -3.64% 46.08% 5.02% 18.91% -0.6% -0.51%
P/E ratio 270x 61.5x 75.7x 102x 65.8x 58.2x 46.1x 36.4x
PBR 9.07x 11.5x 10x 13.2x 11.6x 11.3x 9.4x 7.66x
PEG - 0x -3.4x 10.51x 1.1x 1.8x 1.8x 1.4x
Capitalization / Revenue 3.95x 4.43x 3.73x 4.8x 4.36x 4.42x 3.67x 3.19x
EV / Revenue 4.19x 4.5x 3.83x 4.88x 4.48x 4.62x 3.81x 3.3x
EV / EBITDA 38.9x 30.2x 31.7x 38.6x 32x 31.2x 25.5x 21.1x
EV / EBIT 78.5x 41.7x 45.7x 53.9x 42.5x 40.6x 32.2x 26.1x
EV / FCF 45.3x 68.9x 256x 119x 230x 76.6x 52.9x 41.4x
FCF Yield 2.21% 1.45% 0.39% 0.84% 0.43% 1.31% 1.89% 2.42%
Dividend per Share 2 3 11.75 15 16 19 23.34 27.26 33.79
Rate of return 0.1% 0.26% 0.35% 0.25% 0.29% 0.3% 0.35% 0.44%
EPS 2 10.74 73.42 56.97 62.5 100.6 132.6 167.5 212
Distribution rate 27.9% 16% 26.3% 25.6% 18.9% 17.6% 16.3% 15.9%
Net sales 1 105,600 146,626 166,124 190,592 217,940 251,391 302,628 347,916
EBITDA 1 11,374 21,851 20,065 24,106 30,548 37,214 45,243 54,327
EBIT 1 5,643 15,844 13,912 17,236 22,973 28,603 35,819 44,047
Net income 1 1,504 10,556 8,191 8,986 14,459 19,100 24,135 30,500
Net Debt 1 25,324 10,985 16,423 15,441 24,827 50,075 43,107 37,256
Reference price 2 2,902.65 4,516.10 4,310.90 6,356.80 6,616.20 7,724.50 7,724.50 7,724.50
Nbr of stocks (in thousands) 143,785 143,785 143,785 143,785 143,785 143,785 - -
Announcement Date 6/23/21 A 5/25/22 A 5/30/23 A 5/30/24 A 5/30/25 A - - -
1INR in Million2INR
Estimates

P/E ratio, Detailed evolution

P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
58.23x4.62x31.19x0.3% 12.09B
39.37x3.56x15.84x1.14% 19.93B
26.32x4x14.12x1.6% 13.91B
29.2x2.3x19.32x0.13% 11.95B
18.17x2.03x9.56x0.72% 10.63B
17.89x2.64x10.84x4.28% 9.59B
62.56x7.53x32.64x0.14% 7.33B
34.17x0.93x7.73x1.93% 7.18B
11.05x1.03x6.43x2.26% 7.17B
41.04x4.92x23.61x0.28% 3.88B
Average 33.80x 3.36x 17.13x 1.28% 10.37B
Weighted average by Cap. 33.87x 3.33x 16.96x 1.26%

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

  1. Stock Market
  2. Equities
  3. APOLLOHOSP Stock
  4. Valuation Apollo Hospitals Enterprise Limited