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 1,577,811 - -
Change - -38.17% 25.2% 9.44% -28.33% -19.7% - -
Enterprise Value (EV) 1 3,042,265 1,749,875 2,238,476 2,369,995 1,589,490 1,293,953 1,255,542 1,201,600
Change - -42.48% 27.92% 5.88% -32.93% -18.59% -2.97% -4.3%
P/E 26.6x 17.7x 23.1x 20.9x 14.9x 12x 11.5x 11.1x
PBR 4.93x 2.56x 3.38x 3.33x 2.23x 1.93x 1.83x 1.74x
PEG - -2.45x 34.12x 1x 46.64x 2.01x 2.67x 3.11x
Capitalization / Revenue 4.09x 2.21x 2.79x 3.08x 2.12x 1.59x 1.55x 1.51x
EV / Revenue 3.85x 1.93x 2.49x 2.66x 1.72x 1.31x 1.23x 1.15x
EV / EBITDA 18.5x 10.4x 13.2x 13.1x 8.9x 6.71x 6.24x 5.87x
EV / EBIT 22.4x 12.9x 16.5x 15.7x 10.4x 8.04x 7.46x 6.94x
EV / FCF 33.6x 15.1x 13.5x 15.3x 11.9x 9.57x 8.64x 8.06x
FCF Yield 2.98% 6.62% 7.4% 6.53% 8.41% 10.4% 11.6% 12.4%
Dividend per Share 2 3 0.5 0.5 6 11 9.196 11.14 11.16
Rate of return 1.01% 0.27% 0.21% 2.29% 5.87% 5.77% 6.99% 7%
EPS 2 11.14 10.34 10.41 12.52 12.56 13.31 13.88 14.38
Distribution rate 26.9% 4.84% 4.8% 47.9% 87.6% 69.1% 80.3% 77.6%
Net sales 1 790,934 904,876 897,603 890,884 926,240 989,475 1,017,309 1,043,738
EBITDA 1 164,523 168,479 169,830 180,818 178,626 192,956 201,085 204,778
EBIT 1 135,931 135,134 135,759 151,239 152,154 160,981 168,354 173,226
Net income 1 122,191 113,500 110,452 131,354 131,974 135,091 140,565 146,025
Net Debt 1 -193,795 -251,019 -266,658 -371,631 -375,361 -283,858 -322,270 -376,211
Reference price 2 296.00 182.65 240.02 262.10 187.55 159.50 159.50 159.50
Nbr of stocks (in thousands) 10,932,636 10,954,798 10,436,972 10,460,231 10,476,409 9,892,233 - -
Announcement Date 29/4/22 27/4/23 19/4/24 16/4/25 16/4/26 - - -
1INR in Million2INR
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
11.98x1.31x6.71x5.77% 16.41B
21.86x3.6x12.56x3.04% 210B
22.46x4.73x11.6x0.74% 193B
14.77x1.61x8.44x3.25% 119B
-602.19x42.83x175.97x-.--% 124B
-134.17x18.65x103.28x-.--% 120B
13.47x2.43x9.22x6.1% 78.1B
19.46x5.19x12.74x2.88% 58.18B
-17.53x7.42x12.62x-.--% 49.43B
22.77x1.89x11.94x1.37% 44.75B
Average -62.71x 8.97x 36.51x 2.31% 101.28B
Weighted average by Cap. -76.78x 10.26x 42.35x 1.94%

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 Wipro Limited