Valuation Adani Green Energy Limited

Equities

Market Closed - NSE India S.E. Other stock markets 06:49:35 2024-12-10 am EST			5-day change	1st Jan Change
1,176.65 ^INR	-3.31%		-10.37%	-26.32%

07:15am	India mandates use of locally-made solar cells in clean energy projects from June 2026	RE
Dec. 09	India's Adani Group to invest over $88 billion in Rajasthan state, exec says	RE

Data adjusted to current consolidation scope

Fiscal Period: March	2022	2023	2024	2025	2026	2027
Capitalization ¹	2,994,618	1,395,770	2,906,937	1,927,688	-	-
Change	-	-53.39%	108.27%	-33.69%	-	-
Enterprise Value (EV) ¹	2,994,618	1,395,770	2,906,937	2,724,504	2,913,553	3,138,596
Change	-	-53.39%	108.27%	-6.28%	6.94%	7.72%
P/E ratio	794x	163x	296x	83.9x	47x	32.3x
PBR	-	-	-	11.8x	7.82x	6.24x
PEG	-	1x	20.3x	1x	0.6x	0.7x
Capitalization / Revenue	-	16.2x	27.8x	14.2x	9.97x	7.81x
EV / Revenue	-	16.2x	27.8x	20.1x	15.1x	12.7x
EV / EBITDA	-	22x	34x	23.9x	17.4x	14.4x
EV / EBIT	-	-	53.9x	27.2x	19.7x	16x
EV / FCF	-	35.5x	-36.4x	-15.6x	-18.9x	-38.2x
FCF Yield	-	2.81%	-2.75%	-6.4%	-5.29%	-2.62%
Dividend per Share ²	-	-	-	-	-	-
Rate of return	-	-	-	-	-	-
EPS ²	2.41	5.41	6.2	14.51	25.87	37.72
Distribution rate	-	-	-	-	-	-
Net sales ¹	-	86,330	104,600	135,813	193,367	246,820
EBITDA ¹	-	63,310	85,580	113,818	167,714	217,761
EBIT ¹	-	-	53,940	100,030	147,529	196,380
Net income ¹	4,890	9,740	12,600	21,974	42,612	62,144
Net Debt ¹	-	-	-	796,816	985,865	1,210,908
Reference price ²	1,914.70	881.15	1,835.15	1,216.95	1,216.95	1,216.95
Nbr of stocks (in thousands)	1,564,014	1,584,032	1,584,032	1,584,032	-	-
Announcement Date	5/4/22	5/1/23	5/3/24	-	-	-

¹INR in Million²INR

Estimates

Add to a list Add to a list 0 selected To use this feature you must be a member Log in Sign up	P/E ratio	EV / Sales	EV / EBITDA	Yield (Y)	Capi. ($)
ADANI GREEN ENERGY LIMITED	83.87x	20.06x	23.94x	-	22.72B
HUANENG LANCANG RIVER HYDROPOWER INC.	20.32x	10.48x	13.08x	+2.21%	23.79B
EDP RENOVÁVEIS, S.A.	35.33x	7.91x	10.91x	+1.20%	11.29B
NEOEN	78.08x	15.58x	19.19x	+0.41%	6.37B
ENGIE BRASIL ENERGIA S.A.	7.66x	4.73x	6.81x	+7.01%	5.11B
NORTHLAND POWER INC.	17.41x	4.89x	9.1x	+6.32%	3.49B
CLEARWAY ENERGY, INC.	33.22x	7.16x	8.77x	+6.15%	3.3B
ERG S.P.A.	14.72x	6.34x	8.99x	+5.09%	3.13B
ENCAVIS AG	42.44x	11.55x	16.42x	-.--%	2.98B
Average	37.00x	9.85x	13.02x	+3.55%	9.13B
Weighted average by Cap.	44.62x	12.32x	15.49x	+2.74%