FORCE MOTORS LIMITED |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 9,516 INR | -0.72% |
|
+2.10% | +162.79% |
| Apr. 26 | India's Force Motors Q4 profit slips on higher costs | RE |
| Apr. 26 | Force Motors Limited Recommends Dividend for the Financial Year Ended 31 March 2024 | CI |
Valuation
| Fiscal Period: March | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Capitalization 1 | 36,011 | 22,400 | 9,691 | 15,410 | 13,494 | 15,370 |
| Enterprise Value (EV) 1 | 35,598 | 25,217 | 12,125 | 21,487 | 23,462 | 23,514 |
| P/E ratio | 24.5 x | 15.6 x | 19.3 x | -12.5 x | -14.8 x | 11.5 x |
| Yield | 0.37% | 0.59% | 1.36% | 0.43% | 0.98% | 0.86% |
| Capitalization / Revenue | 1.04 x | 0.61 x | 0.31 x | 0.77 x | 0.41 x | 0.31 x |
| EV / Revenue | 1.03 x | 0.69 x | 0.39 x | 1.07 x | 0.72 x | 0.47 x |
| EV / EBITDA | 11.8 x | 8.47 x | 4.58 x | 44.7 x | 25.5 x | 5.9 x |
| EV / FCF | -95.4 x | -6.78 x | 11 x | -6.66 x | -7.35 x | -24.5 x |
| FCF Yield | -1.05% | -14.8% | 9.06% | -15% | -13.6% | -4.08% |
| Price to Book | 2 x | 1.16 x | 0.49 x | 0.84 x | 0.77 x | 0.82 x |
| Nbr of stocks (in thousands) | 13,176 | 13,176 | 13,176 | 13,176 | 13,176 | 13,176 |
| Reference price 2 | 2,733 | 1,700 | 735.5 | 1,170 | 1,024 | 1,166 |
| Announcement Date | 9/14/18 | 8/27/19 | 9/7/20 | 9/3/21 | 9/6/22 | 9/6/23 |
1INR in Million2INR
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: March | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Net sales 1 | 34,488 | 36,732 | 30,805 | 20,007 | 32,650 | 50,290 |
| EBITDA 1 | 3,015 | 2,976 | 2,647 | 480.6 | 921.6 | 3,985 |
| EBIT 1 | 1,769 | 1,531 | 769.3 | -1,207 | -945.6 | 1,611 |
| Operating Margin | 5.13% | 4.17% | 2.5% | -6.03% | -2.9% | 3.2% |
| Earnings before Tax (EBT) 1 | 2,006 | 1,901 | 420.1 | -1,758 | -1,296 | 2,724 |
| Net income 1 | 1,471 | 1,433 | 501.7 | -1,236 | -910.8 | 1,336 |
| Net margin | 4.27% | 3.9% | 1.63% | -6.18% | -2.79% | 2.66% |
| EPS 2 | 111.7 | 108.8 | 38.08 | -93.83 | -69.12 | 101.4 |
| Free Cash Flow 1 | -373.2 | -3,721 | 1,098 | -3,226 | -3,192 | -960 |
| FCF margin | -1.08% | -10.13% | 3.57% | -16.12% | -9.78% | -1.91% |
| FCF Conversion (EBITDA) | - | - | 41.49% | - | - | - |
| FCF Conversion (Net income) | - | - | 218.91% | - | - | - |
| Dividend per Share 2 | 10.00 | 10.00 | 10.00 | 5.000 | 10.00 | 10.00 |
| Announcement Date | 9/14/18 | 8/27/19 | 9/7/20 | 9/3/21 | 9/6/22 | 9/6/23 |
1INR in Million2INR
Estimates
Balance Sheet Analysis
| Fiscal Period: March | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Net Debt 1 | - | 2,816 | 2,434 | 6,077 | 9,967 | 8,144 |
| Net Cash position 1 | 412 | - | - | - | - | - |
| Leverage (Debt/EBITDA) | - | 0.9464 x | 0.9194 x | 12.65 x | 10.82 x | 2.044 x |
| Free Cash Flow 1 | -373 | -3,721 | 1,098 | -3,226 | -3,192 | -960 |
| ROE (net income / shareholders' equity) | 8.48% | 7.67% | 2.58% | -6.49% | -5.07% | 7.37% |
| ROA (Net income/ Total Assets) | 4.31% | 3.57% | 1.62% | -2.38% | -1.71% | 2.62% |
| Assets 1 | 34,112 | 40,147 | 30,960 | 51,932 | 53,157 | 50,918 |
| Book Value Per Share 2 | 1,367 | 1,467 | 1,492 | 1,395 | 1,327 | 1,423 |
| Cash Flow per Share 2 | 30.10 | 3.250 | 50.40 | 26.40 | 54.70 | 107.0 |
| Capex 1 | 3,241 | 4,981 | 4,584 | 4,532 | 4,072 | 2,595 |
| Capex / Sales | 9.4% | 13.56% | 14.88% | 22.65% | 12.47% | 5.16% |
| Announcement Date | 9/14/18 | 8/27/19 | 9/7/20 | 9/3/21 | 9/6/22 | 9/6/23 |
1INR in Million2INR
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Change in Enterprise Value/EBITDA
| 1st Jan change | Capi. | |
|---|---|---|
| +162.79% | 1.5B | |
| +35.50% | 300B | |
| +19.57% | 82.12B | |
| +8.01% | 70.32B | |
| +19.41% | 53.62B | |
| +28.30% | 52.28B | |
| +3.98% | 51.06B | |
| +28.14% | 43.93B | |
| +23.59% | 39.41B | |
| +19.23% | 27.31B |
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