Company Valuation: Wipro Limited

Data adjusted to current consolidation scope
Fiscal Period: March 2022 2023 2024 2025 2026 2027 2028 2029
Market Cap 1 3,236,060 2,000,894 2,505,134 2,741,626 1,964,851 1,740,988 - -
Change - -38.17% 25.2% 9.44% -28.33% -11.39% - -
Enterprise Value (EV) 1 3,042,265 1,749,875 2,238,476 2,369,995 1,589,490 1,455,544 1,416,593 1,354,225
Change - -42.48% 27.92% 5.88% -32.93% -8.43% -2.68% -4.4%
P/E 26.6x 17.7x 23.1x 20.9x 14.9x 13.2x 12.7x 12.2x
PBR 4.93x 2.56x 3.38x 3.33x 2.23x 2.15x 2.07x 1.92x
PEG - -2.45x 34.12x 1x 46.64x 2.17x 2.97x 3.32x
Capitalization / Revenue 4.09x 2.21x 2.79x 3.08x 2.12x 1.76x 1.71x 1.67x
EV / Revenue 3.85x 1.93x 2.49x 2.66x 1.72x 1.47x 1.39x 1.3x
EV / EBITDA 18.5x 10.4x 13.2x 13.1x 8.9x 7.57x 7.05x 6.57x
EV / EBIT 22.4x 12.9x 16.5x 15.7x 10.4x 9.03x 8.4x 7.83x
EV / FCF 33.6x 15.1x 13.5x 15.3x 11.9x 10.6x 9.71x 9.01x
FCF Yield 2.98% 6.62% 7.4% 6.53% 8.41% 9.42% 10.3% 11.1%
Dividend per Share 2 3 0.5 0.5 6 11 8.97 11.16 11.15
Rate of return 1.01% 0.27% 0.21% 2.29% 5.87% 5.1% 6.34% 6.34%
EPS 2 11.14 10.34 10.41 12.52 12.56 13.32 13.89 14.4
Distribution rate 26.9% 4.84% 4.8% 47.9% 87.6% 67.3% 80.3% 77.4%
Net sales 1 790,934 904,876 897,603 890,884 926,240 987,549 1,016,842 1,045,405
EBITDA 1 164,523 168,479 169,830 180,818 178,626 192,264 201,077 206,011
EBIT 1 135,931 135,134 135,759 151,239 152,154 161,164 168,552 172,976
Net income 1 122,191 113,500 110,452 131,354 131,974 134,829 140,411 146,000
Net Debt 1 -193,795 -251,019 -266,658 -371,631 -375,361 -285,444 -324,395 -386,763
Reference price 2 296.00 182.65 240.02 262.10 187.55 176.00 176.00 176.00
Nbr of stocks (in thousands) 10,932,636 10,954,798 10,436,972 10,460,231 10,476,409 9,891,978 - -
Announcement Date 4/29/22 A 4/27/23 A 4/19/24 A 4/16/25 A 4/16/26 A - - -
1INR in Million2INR
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
21.83x3.49x12.38x3.17% 200B
-94.18x14.89x86.21x-.--% 93.2B
10.67x1.17x6.15x4.52% 87.86B
14.71x2.68x10.13x5.59% 85.25B
19.62x5.15x12.71x2.9% 59.17B
14.24x2.08x8.72x5.47% 46.1B
20.09x1.49x9.43x0.98% 35.57B
18.84x1.52x9.54x1.58% 35.24B
16.4x2.11x9.79x5.27% 33.83B
Average 4.69x 3.84x 18.34x 3.27% 75.12B
Weighted average by Cap. 2.26x 4.43x 20.81x 3.25%

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