Company Valuation: Mphasis Limited

Data adjusted to current consolidation scope
Fiscal Period: March 2022 2023 2024 2025 2026 2027 2028 2029
Market Cap 1 634,185 338,451 451,265 475,353 391,934 442,989 - -
Change - -46.63% 33.33% 5.34% -17.55% 13.03% - -
Enterprise Value (EV) 1 620,214 316,223 432,630 452,542 379,124 421,710 416,190 414,762
Change - -49.01% 36.81% 4.6% -16.22% 11.23% -1.31% -0.34%
P/E 44.7x 20.8x 29.2x 28x 21.1x 20.3x 18.2x 16.5x
PBR 9.2x 4.27x 5.13x 4.94x 3.65x 3.83x 3.52x 3.23x
PEG - 1.5x -5.56x 3.04x 2.31x 1.2x 1.6x 1.5x
Capitalization / Revenue 5.3x 2.45x 3.4x 3.34x 2.47x 2.44x 2.23x 2.03x
EV / Revenue 5.19x 2.29x 3.26x 3.18x 2.39x 2.32x 2.09x 1.9x
EV / EBITDA 29.3x 13x 17.9x 17.1x 12.7x 12.3x 11.1x 10.1x
EV / EBIT 33.9x 15x 21.5x 20.8x 15.6x 14.9x 13.4x 12.1x
EV / FCF 38.9x 23.4x 20.7x 24.5x 40.5x 19.8x 18.5x 16.5x
FCF Yield 2.57% 4.26% 4.82% 4.07% 2.47% 5.04% 5.41% 6.05%
Dividend per Share 2 46 50 50 55 62 69.16 74.86 84.09
Rate of return 1.36% 2.78% 2.09% 2.2% 3.02% 2.98% 3.23% 3.62%
EPS 2 75.61 86.37 81.83 89.36 97.54 114.6 127.2 140.8
Distribution rate 60.8% 57.9% 61.1% 61.5% 63.6% 60.4% 58.9% 59.7%
Net sales 1 119,614 137,985 132,785 142,300 158,796 181,507 198,707 218,107
EBITDA 1 21,176 24,340 24,219 26,470 29,782 34,154 37,443 40,898
EBIT 1 18,269 21,087 20,114 21,706 24,229 28,265 31,153 34,264
Net income 1 14,309 16,379 15,548 17,021 18,626 21,858 24,332 27,260
Net Debt 1 -13,972 -22,228 -18,636 -22,811 -12,810 -21,279 -26,799 -28,227
Reference price 2 3,376.60 1,796.45 2,388.20 2,500.75 2,053.95 2,321.00 2,321.00 2,321.00
Nbr of stocks (in thousands) 187,818 188,400 188,956 190,084 190,820 190,861 - -
Announcement Date 28/04/22 27/04/23 25/04/24 24/04/25 29/04/26 - - -
1INR in Million2INR
Estimates

P/E, Detailed evolution

P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
20.26x2.32x12.35x2.98% 4.64B
27.94x4.49x15.67x2.35% 270B
-91.57x14.47x83.76x-.--% 90.62B
10.05x1.1x5.78x4.8% 82.75B
13.42x2.44x9.2x6.12% 78.49B
19x5.01x12.36x2.99% 57.15B
13.87x2.02x8.47x5.61% 45.32B
19.09x1.53x9.63x1.5% 35.95B
20.08x1.48x9.43x0.99% 35.58B
15.86x2.03x9.43x5.45% 33.03B
Average 6.80x 3.69x 17.61x 3.28% 73.38B
Weighted average by Cap. 6.64x 4.59x 20.67x 3.03%

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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  4. Valuation Mphasis Limited