Company Valuation: GFL Limited

Data adjusted to current consolidation scope
Fiscal Period: March 2020 2021 2022 2023 2024 2025
Capitalization 1 9,019 8,014 8,667 5,229 7,448 5,613
Change - -11.14% 8.16% -39.67% 42.44% -24.63%
Enterprise Value (EV) 1 44,192 35,608 35,920 5,051 7,254 5,612
Change - -19.42% 0.88% -85.94% 43.61% -22.63%
P/E ratio -7.31x -3.46x -7.79x 0.23x -98.4x -7.43x
PBR 0.41x 2.15x 2.46x 0.2x 0.29x 0.22x
PEG - -0x 0.1x -0x 1x -0x
Capitalization / Revenue 0.33x 7.49x 1.26x 162x 233x 250x
EV / Revenue 1.63x 33.3x 5.24x 157x 227x 250x
EV / EBITDA 13.4x -10.3x -33.3x 621x 432x 779x
EV / EBIT 32x -7.81x -16.4x 636x 438x 803x
EV / FCF 1.21x 1.56x -145x -2.75x 1,015x 1,095x
FCF Yield 82.7% 64.2% -0.69% -36.4% 0.1% 0.09%
Dividend per Share 2 - - - - - -
Rate of return - - - - - -
EPS 2 -11.23 -21.09 -10.13 204.7 -0.689 -6.881
Distribution rate - - - - - -
Net sales 1 27,036 1,070 6,857 32.24 31.95 22.46
EBITDA 1 3,299 -3,461 -1,078 8.136 16.78 7.209
EBIT 1 1,383 -4,558 -2,195 7.941 16.56 6.991
Net income 1 -1,234 -2,317 -1,113 22,484 -75.69 -755.9
Net Debt 1 35,173 27,595 27,253 -177.6 -193.8 -1.105
Reference price 2 82.10 72.95 78.90 47.60 67.80 51.10
Nbr of stocks (in thousands) 109,850 109,850 109,850 109,850 109,850 109,850
Announcement Date 9/3/20 9/3/21 9/1/22 9/5/23 8/26/24 9/1/25
1INR in Million2INR
Estimates

P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
- - - - 58.84M
6.13x0.22x2.26x2.52% 5.06B
-142.18x4.14x14.2x-.--% 3.01B
14.6x2.01x5.26x1.82% 1.7B
10.94x1.83x6.07x4.44% 1.66B
28.91x2.57x6.43x1.35% 1.12B
-411.02x1.81x6.17x3.07% 1.08B
41.38x - - - 1.04B
Average -64.46x 2.10x 6.73x 2.2% 1.84B
Weighted average by Cap. -49.22x 1.82x 6.39x 2.06%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA