APOLLOTYRE Relative Valuation - Apollo Tyres Limited

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Price: 409.45 INR -1.4% Market Closed

Market Cap: ₹259.3B

	Apollo Tyres Limited NSE:APOLLOTYRE	IN

Multiples-Based Value

The Multiples-Based Value of one APOLLOTYRE stock under the Base Case scenario is 600.35 INR. Compared to the current market price of 409.45 INR, Apollo Tyres Limited is Undervalued by 32%.

Multiples-Based Value is the estimated value of a stock based on various valuation multiples like P/E and EV/EBIT ratios. It offers a quick snapshot of a stock's valuation in relation to its peers and historical norms.

What is relative valuation?

How is Multiples-Based Value calculated?

APOLLOTYRE Multiples-Based Value

Base Case

Undervaluation 32%

Multiples-Based Value

Price ₹409.45

Worst Case

Base Case

Best Case

Valuation Multiples

View Details

Multiples Across Competitors

All Multiples

P/S

P/E

EV/EBITDA

EV/EBIT

Forward Multiples

			Market Cap	P/S	P/E	EV/EBITDA	EV/EBIT
IN		Apollo Tyres Limited NSE:APOLLOTYRE	259.4B INR	0.9	28	7	11.4
JP		Bridgestone Corp TSE:5108	4.3T JPY	1	13	5.1	8.8
FR		Compagnie Generale des Etablissements Michelin SCA PAR:ML	21B EUR	0.8	13.4	4.8	8.1
IT		Pirelli & C SpA MIL:PIRC	6B EUR	0.6	8	4	5.7
CN		Sailun Group Co Ltd SSE:601058	44.2B CNY	1.2	12	11.5	11.5
JP		Yokohama Rubber Co Ltd TSE:5101	949.5B JPY	0.8	9	5.6	8.3
IN		MRF Ltd NSE:MRF	536B INR	1.8	23.9	10.7	17
KR	H	Hankook Tire & Technology Co Ltd KRX:161390	6.3T KRW	0.3	6.7	5	5
IN		Balkrishna Industries Ltd NSE:BALKRISIND	399.6B INR	3.7	30.2	17.2	25.5
JP		Toyo Tire Corp TSE:5105	579.3B JPY	1	9.1	4	5.4
CN		Anhui Zhongding Sealing Parts Co Ltd SZSE:000887	23.5B CNY	1.2	15.6	13.2	13.2

				Revenue Growth	P/S to Growth
IN		Apollo Tyres Limited NSE:APOLLOTYRE	Average P/S: 1.2 0.9	8%	0.1
JP		Bridgestone Corp TSE:5108	1	4%	0.2
FR		Compagnie Generale des Etablissements Michelin SCA PAR:ML	0.8	2%	0.4
IT		Pirelli & C SpA MIL:PIRC	0.6	2%	0.3
CN		Sailun Group Co Ltd SSE:601058	1.2	16%	0.1
JP		Yokohama Rubber Co Ltd TSE:5101	0.8	5%	0.2
IN		MRF Ltd NSE:MRF	1.8	9%	0.2
KR	H	Hankook Tire & Technology Co Ltd KRX:161390	0.3	36%	0
IN		Balkrishna Industries Ltd NSE:BALKRISIND	3.7	12%	0.3
JP		Toyo Tire Corp TSE:5105	1	5%	0.2
CN		Anhui Zhongding Sealing Parts Co Ltd SZSE:000887	1.2	12%	0.1

				Earnings Growth	PEG
IN		Apollo Tyres Limited NSE:APOLLOTYRE	Average P/E: 15.4 28	29%	1
JP		Bridgestone Corp TSE:5108	13	15%	0.9
FR		Compagnie Generale des Etablissements Michelin SCA PAR:ML	13.4	8%	1.7
IT		Pirelli & C SpA MIL:PIRC	8	8%	1
CN		Sailun Group Co Ltd SSE:601058	12	13%	0.9
JP		Yokohama Rubber Co Ltd TSE:5101	9	10%	0.9
IN		MRF Ltd NSE:MRF	23.9	19%	1.3
KR	H	Hankook Tire & Technology Co Ltd KRX:161390	6.7	13%	0.5
IN		Balkrishna Industries Ltd NSE:BALKRISIND	30.2	8%	3.8
JP		Toyo Tire Corp TSE:5105	9.1	13%	0.7
CN		Anhui Zhongding Sealing Parts Co Ltd SZSE:000887	15.6	20%	0.8

				EBITDA Growth	EV/EBITDA to Growth
IN		Apollo Tyres Limited NSE:APOLLOTYRE	Average EV/EBITDA: 8 7	13%	0.5
JP		Bridgestone Corp TSE:5108	5.1	7%	0.7
FR		Compagnie Generale des Etablissements Michelin SCA PAR:ML	4.8	2%	2.4
IT		Pirelli & C SpA MIL:PIRC	4	4%	1
CN		Sailun Group Co Ltd SSE:601058	11.5	24%	0.5
JP		Yokohama Rubber Co Ltd TSE:5101	5.6	8%	0.7
IN		MRF Ltd NSE:MRF	10.7	12%	0.9
KR	H	Hankook Tire & Technology Co Ltd KRX:161390	5	17%	0.3
IN		Balkrishna Industries Ltd NSE:BALKRISIND	17.2	12%	1.4
JP		Toyo Tire Corp TSE:5105	4	7%	0.6
CN		Anhui Zhongding Sealing Parts Co Ltd SZSE:000887	13.2	26%	0.5

				EBIT Growth	EV/EBIT to Growth
IN		Apollo Tyres Limited NSE:APOLLOTYRE	Average EV/EBIT: 10.9 11.4	18%	0.6
JP		Bridgestone Corp TSE:5108	8.8	N/A	N/A
FR		Compagnie Generale des Etablissements Michelin SCA PAR:ML	8.1	2%	4.1
IT		Pirelli & C SpA MIL:PIRC	5.7	8%	0.7
CN		Sailun Group Co Ltd SSE:601058	11.5	9%	1.3
JP		Yokohama Rubber Co Ltd TSE:5101	8.3	N/A	N/A
IN		MRF Ltd NSE:MRF	17	17%	1
KR	H	Hankook Tire & Technology Co Ltd KRX:161390	5	11%	0.5
IN		Balkrishna Industries Ltd NSE:BALKRISIND	25.5	12%	2.1
JP		Toyo Tire Corp TSE:5105	5.4	N/A	N/A
CN		Anhui Zhongding Sealing Parts Co Ltd SZSE:000887	13.2	14%	0.9

Apollo Tyres Limited
NSE:APOLLOTYRE

Multiples-Based Value

Valuation Multiples

Multiples Across Competitors

APOLLOTYRE Competitors Multiples
Apollo Tyres Limited Competitors

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Apollo Tyres Limited NSE:APOLLOTYRE

Multiples-Based Value

Valuation Multiples

Multiples Across Competitors

APOLLOTYRE Competitors Multiples Apollo Tyres Limited Competitors

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Apollo Tyres Limited
NSE:APOLLOTYRE

APOLLOTYRE Competitors Multiples
Apollo Tyres Limited Competitors