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Metrics | Range | Conclusion |
---|---|---|
Selected LTM Revenue Multiple | 2.0x - 2.2x | 2.1x |
Selected Fwd Revenue Multiple | 1.6x - 1.8x | 1.7x |
Fair Value | ₹8.59 - ₹10.66 | ₹9.62 |
Upside | 55.9% - 93.5% | 74.7% |
Benchmarks | Ticker | Full Ticker |
---|---|---|
G-Tec Jainx Education Limited | GTECJAINX | NSEI:GTECJAINX |
Touchwood Entertainment Limited | TOUCHWOOD | NSEI:TOUCHWOOD |
Veranda Learning Solutions Limited | 543514 | BSE:543514 |
Shangar Décor Limited | 540259 | BSE:540259 |
Tree House Education & Accessories Limited | 533540 | BSE:533540 |
Zee Learn Limited | ZEELEARN | NSEI:ZEELEARN |
Select LTM Revenue Multiple | ||||||||
Benchmark Companies | ||||||||
GTECJAINX | TOUCHWOOD | 543514 | 540259 | 533540 | ZEELEARN | |||
NSEI:GTECJAINX | NSEI:TOUCHWOOD | BSE:543514 | BSE:540259 | BSE:533540 | NSEI:ZEELEARN | |||
Historical Revenue Growth | ||||||||
5Y CAGR | 7.2% | 0.6% | NM- | 15.9% | 17.4% | -7.2% | ||
3Y CAGR | 89.6% | 49.0% | 422.2% | 55.7% | 15.6% | 11.5% | ||
Latest Twelve Months | -11.6% | 83.5% | 49.4% | 235.9% | -29.2% | -6.0% | ||
Historical EBIT Profit Margin | ||||||||
5 Year Average Margin | -54.9% | 9.3% | -60.5% | 4.0% | -491.6% | 8.6% | ||
Prior Fiscal Year | 15.2% | 8.2% | -71.5% | 3.4% | -378.0% | 4.5% | ||
Latest Fiscal Year | 1.5% | 11.8% | -2.9% | 8.5% | -6.6% | 21.9% | ||
Latest Twelve Months | -35.2% | 10.5% | -37.1% | 19.3% | 2.6% | 19.9% | ||
Current Trading Multiples | ||||||||
EV / LTM Revenue | 4.27x | 1.10x | 4.62x | 2.98x | 4.70x | 1.65x | ||
EV / LTM EBIT | -12.1x | 10.5x | -12.5x | 15.5x | 183.3x | 8.3x | ||
Price / LTM Sales | 4.19x | 1.32x | 3.41x | 2.56x | 4.69x | 0.55x | ||
Low | Mid | High | ||||||
Benchmark EV / LTM Revenue | 1.10x | 4.27x | 4.70x | |||||
Historical EV / LTM Revenue | 1.41x | 2.28x | 4.53x | |||||
Selected EV / LTM Revenue | 1.95x | 2.06x | 2.16x | |||||
(x) LTM Revenue | 3,297 | 3,297 | 3,297 | |||||
(=) Implied Enterprise Value | 6,445 | 6,784 | 7,124 | |||||
(-) Non-shareholder Claims * | (3,636) | (3,636) | (3,636) | |||||
(=) Equity Value | 2,809 | 3,148 | 3,487 | |||||
(/) Shares Outstanding | 327.1 | 327.1 | 327.1 | |||||
Implied Value Range | 8.59 | 9.62 | 10.66 | |||||
FX Rate: INR/INR | 1.0 | 1.0 | 1.0 | Market Price | ||||
Implied Value Range (Trading Cur) | 8.59 | 9.62 | 10.66 | 5.51 | ||||
Upside / (Downside) | 55.9% | 74.7% | 93.5% |
Equity Waterfall | |||||||
Benchmark Companies | |||||||
(in millions) | GTECJAINX | TOUCHWOOD | 543514 | 540259 | 533540 | ZEELEARN | |
Enterprise Value | 334 | 707 | 21,304 | 633 | 380 | 5,439 | |
(+) Cash & Short Term Investments | 3 | 166 | 603 | 3 | 0 | 82 | |
(+) Investments & Other | 0 | 0 | 0 | 0 | 0 | 0 | |
(-) Debt | (8) | (15) | (6,164) | (92) | (1) | (3,718) | |
(-) 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 | 329 | 857 | 15,743 | 543 | 380 | 1,802 | |
(/) Shares Outstanding | 10.2 | 11.1 | 74.2 | 489.6 | 42.3 | 327.1 | |
Implied Stock Price | 32.25 | 77.37 | 212.10 | 1.11 | 8.97 | 5.51 | |
FX Conversion Rate to Trading Currency | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | |
Implied Stock Price (Trading Cur) | 32.25 | 77.37 | 212.10 | 1.11 | 8.97 | 5.51 | |
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 |