APOLLOTYRE Relative Valuation - Apollo Tyres Limited

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Price: 419.65 INR 3.69% Market Closed

Market Cap: ₹265.8B

	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 419.65 INR, Apollo Tyres Limited is Undervalued by 30%.

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 30%

Multiples-Based Value

Price

Worst Case

Base Case

Best Case

Valuation Multiples

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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	265.8B INR	1	28.7	7.1	11.7
JP		Bridgestone Corp TSE:5108	4.2T JPY	1	13	5.1	8.8
FR		Compagnie Generale des Etablissements Michelin SCA PAR:ML	20.6B EUR	0.8	13.2	4.7	8
IT		Pirelli & C SpA MIL:PIRC	5.9B EUR	0.6	7.8	3.9	5.6
CN		Sailun Group Co Ltd SSE:601058	44.3B CNY	1.2	12	11.6	11.6
JP		Yokohama Rubber Co Ltd TSE:5101	987.9B JPY	0.8	9.4	5.8	8.5
IN		MRF Ltd NSE:MRF	551.2B INR	1.8	24.6	11	17.5
KR	H	Hankook Tire & Technology Co Ltd KRX:161390	7.1T KRW	0.4	7.5	5.4	5.4
IN		Balkrishna Industries Ltd NSE:BALKRISIND	426.8B INR	4	32.2	18.4	27.3
JP		Toyo Tire Corp TSE:5105	579.3B JPY	1	9.1	4	5.4
JP		Sumitomo Rubber Industries Ltd TSE:5110	554.6B JPY	0.5	11	4.2	8.1

				Revenue Growth	P/S to Growth
IN		Apollo Tyres Limited NSE:APOLLOTYRE	Average P/S: 1.2 1	8%	0.1
JP		Bridgestone Corp TSE:5108	1	4%	0.2
FR		Compagnie Generale des Etablissements Michelin SCA PAR:ML	0.8	1%	0.8
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	4%	0.2
IN		MRF Ltd NSE:MRF	1.8	9%	0.2
KR	H	Hankook Tire & Technology Co Ltd KRX:161390	0.4	36%	0
IN		Balkrishna Industries Ltd NSE:BALKRISIND	4	12%	0.3
JP		Toyo Tire Corp TSE:5105	1	6%	0.2
JP		Sumitomo Rubber Industries Ltd TSE:5110	0.5	4%	0.1

				Earnings Growth	PEG
IN		Apollo Tyres Limited NSE:APOLLOTYRE	Average P/E: 15.3 28.7	29%	1
JP		Bridgestone Corp TSE:5108	13	15%	0.9
FR		Compagnie Generale des Etablissements Michelin SCA PAR:ML	13.2	8%	1.7
IT		Pirelli & C SpA MIL:PIRC	7.8	8%	1
CN		Sailun Group Co Ltd SSE:601058	12	13%	0.9
JP		Yokohama Rubber Co Ltd TSE:5101	9.4	10%	0.9
IN		MRF Ltd NSE:MRF	24.6	19%	1.3
KR	H	Hankook Tire & Technology Co Ltd KRX:161390	7.5	13%	0.6
IN		Balkrishna Industries Ltd NSE:BALKRISIND	32.2	8%	4
JP		Toyo Tire Corp TSE:5105	9.1	13%	0.7
JP		Sumitomo Rubber Industries Ltd TSE:5110	11	18%	0.6

				EBITDA Growth	EV/EBITDA to Growth
IN		Apollo Tyres Limited NSE:APOLLOTYRE	Average EV/EBITDA: 7.4 7.1	13%	0.5
JP		Bridgestone Corp TSE:5108	5.1	7%	0.7
FR		Compagnie Generale des Etablissements Michelin SCA PAR:ML	4.7	2%	2.4
IT		Pirelli & C SpA MIL:PIRC	3.9	4%	1
CN		Sailun Group Co Ltd SSE:601058	11.6	24%	0.5
JP		Yokohama Rubber Co Ltd TSE:5101	5.8	8%	0.7
IN		MRF Ltd NSE:MRF	11	12%	0.9
KR	H	Hankook Tire & Technology Co Ltd KRX:161390	5.4	17%	0.3
IN		Balkrishna Industries Ltd NSE:BALKRISIND	18.4	12%	1.5
JP		Toyo Tire Corp TSE:5105	4	7%	0.6
JP		Sumitomo Rubber Industries Ltd TSE:5110	4.2	10%	0.4

				EBIT Growth	EV/EBIT to Growth
IN		Apollo Tyres Limited NSE:APOLLOTYRE	Average EV/EBIT: 10.7 11.7	18%	0.6
JP		Bridgestone Corp TSE:5108	8.8	N/A	N/A
FR		Compagnie Generale des Etablissements Michelin SCA PAR:ML	8	2%	4
IT		Pirelli & C SpA MIL:PIRC	5.6	8%	0.7
CN		Sailun Group Co Ltd SSE:601058	11.6	9%	1.3
JP		Yokohama Rubber Co Ltd TSE:5101	8.5	N/A	N/A
IN		MRF Ltd NSE:MRF	17.5	17%	1
KR	H	Hankook Tire & Technology Co Ltd KRX:161390	5.4	11%	0.5
IN		Balkrishna Industries Ltd NSE:BALKRISIND	27.3	12%	2.3
JP		Toyo Tire Corp TSE:5105	5.4	N/A	N/A
JP		Sumitomo Rubber Industries Ltd TSE:5110	8.1	N/A	N/A

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