DREDGECORP Relative Valuation - Dredging Corporation of India Ltd

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Price: 986.4 INR -2.12% Market Closed

Market Cap: ₹27.6B

Relative Value

The Relative Value of one DREDGECORP stock under the Base Case scenario is 1 118.07 INR. Compared to the current market price of 986.4 INR, Dredging Corporation of India Ltd is Undervalued by 12%.

Relative 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 Relative Value calculated?

DREDGECORP Relative Value

Base Case

Undervaluation 12%

Relative 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		Dredging Corporation of India Ltd NSE:DREDGECORP	28.2B INR	2.2	-137.7	16.2	68.2
IN		Adani Ports and Special Economic Zone Ltd NSE:ADANIPORTS	3.4T INR	9.2	26.8	16.9	21.8
PH	I	International Container Terminal Services Inc XPHS:ICT	1.3T PHP	7.4	23.8	13.3	15.9
CN		Shanghai International Port Group Co Ltd SSE:600018	117.6B CNY	3	8.2	11.9	11.9
ZA	G	Grindrod Ltd JSE:GND	12.2B ZAR	2.5	9.4	98.5	98.5
CN		Ningbo Zhoushan Port Co Ltd SSE:601018	79.4B CNY	2.7	17	15.4	15.4
CN		Qingdao Port International Co Ltd SSE:601298	63.1B CNY	3.3	11.5	11.7	11.7
HK		China Merchants Port Holdings Co Ltd HKEX:144	69.4B HKD	5.5	9.8	14.5	14.5
CN		China Merchants Port Group Co Ltd SZSE:001872	49.6B CNY	3	10.8	15.7	15.7
AU		Qube Holdings Ltd ASX:QUB	8.4B AUD	2	165.4	45.4	45.4
CN		Liaoning Port Co Ltd SSE:601880	38.9B CNY	3.4	40.2	14.6	14.6

				Revenue Growth	P/S to Growth
IN		Dredging Corporation of India Ltd NSE:DREDGECORP	Average P/S: 4 2.2	N/A	N/A
IN		Adani Ports and Special Economic Zone Ltd NSE:ADANIPORTS	9.2	18%	0.5
PH	I	International Container Terminal Services Inc XPHS:ICT	7.4	12%	0.6
CN		Shanghai International Port Group Co Ltd SSE:600018	3	3%	1
ZA	G	Grindrod Ltd JSE:GND	2.5	17%	0.1
CN		Ningbo Zhoushan Port Co Ltd SSE:601018	2.7	N/A	N/A
CN		Qingdao Port International Co Ltd SSE:601298	3.3	3%	1.1
HK		China Merchants Port Holdings Co Ltd HKEX:144	5.5	6%	0.9
CN		China Merchants Port Group Co Ltd SZSE:001872	3	5%	0.6
AU		Qube Holdings Ltd ASX:QUB	2	9%	0.2
CN		Liaoning Port Co Ltd SSE:601880	3.4	N/A	N/A

				Earnings Growth	PEG
IN		Dredging Corporation of India Ltd NSE:DREDGECORP	Average P/E: 32.3 Negative Multiple: -137.7	N/A	N/A
IN		Adani Ports and Special Economic Zone Ltd NSE:ADANIPORTS	26.8	17%	1.6
PH	I	International Container Terminal Services Inc XPHS:ICT	23.8	16%	1.5
CN		Shanghai International Port Group Co Ltd SSE:600018	8.2	-5%	N/A
ZA	G	Grindrod Ltd JSE:GND	9.4	-63%	N/A
CN		Ningbo Zhoushan Port Co Ltd SSE:601018	17	N/A	N/A
CN		Qingdao Port International Co Ltd SSE:601298	11.5	5%	2.3
HK		China Merchants Port Holdings Co Ltd HKEX:144	9.8	1%	9.8
CN		China Merchants Port Group Co Ltd SZSE:001872	10.8	3%	3.6
AU		Qube Holdings Ltd ASX:QUB	165.4	94%	1.8
CN		Liaoning Port Co Ltd SSE:601880	40.2	N/A	N/A

				EBITDA Growth	EV/EBITDA to Growth
IN		Dredging Corporation of India Ltd NSE:DREDGECORP	Average EV/EBITDA: 24.9 16.2	N/A	N/A
IN		Adani Ports and Special Economic Zone Ltd NSE:ADANIPORTS	16.9	17%	1
PH	I	International Container Terminal Services Inc XPHS:ICT	13.3	12%	1.1
CN		Shanghai International Port Group Co Ltd SSE:600018	11.9	21%	0.6
ZA	G	Grindrod Ltd JSE:GND	98.5	89%	1.1
CN		Ningbo Zhoushan Port Co Ltd SSE:601018	15.4	N/A	N/A
CN		Qingdao Port International Co Ltd SSE:601298	11.7	25%	0.5
HK		China Merchants Port Holdings Co Ltd HKEX:144	14.5	5%	2.9
CN		China Merchants Port Group Co Ltd SZSE:001872	15.7	49%	0.3
AU		Qube Holdings Ltd ASX:QUB	45.4	47%	1
CN		Liaoning Port Co Ltd SSE:601880	14.6	N/A	N/A

				EBIT Growth	EV/EBIT to Growth
IN		Dredging Corporation of India Ltd NSE:DREDGECORP	Average EV/EBIT: 30.3 68.2	N/A	N/A
IN		Adani Ports and Special Economic Zone Ltd NSE:ADANIPORTS	21.8	18%	1.2
PH	I	International Container Terminal Services Inc XPHS:ICT	15.9	13%	1.2
CN		Shanghai International Port Group Co Ltd SSE:600018	11.9	-4%	N/A
ZA	G	Grindrod Ltd JSE:GND	98.5	N/A	N/A
CN		Ningbo Zhoushan Port Co Ltd SSE:601018	15.4	N/A	N/A
CN		Qingdao Port International Co Ltd SSE:601298	11.7	N/A	N/A
HK		China Merchants Port Holdings Co Ltd HKEX:144	14.5	7%	2.1
CN		China Merchants Port Group Co Ltd SZSE:001872	15.7	N/A	N/A
AU		Qube Holdings Ltd ASX:QUB	45.4	27%	1.7
CN		Liaoning Port Co Ltd SSE:601880	14.6	N/A	N/A

Dredging Corporation of India Ltd
NSE:DREDGECORP

Relative Value

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Multiples Across Competitors

DREDGECORP Competitors Multiples
Dredging Corporation of India Ltd Competitors

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Dredging Corporation of India Ltd NSE:DREDGECORP

Relative Value

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Multiples Across Competitors

DREDGECORP Competitors Multiples Dredging Corporation of India Ltd Competitors

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Stocks

Dredging Corporation of India Ltd
NSE:DREDGECORP

DREDGECORP Competitors Multiples
Dredging Corporation of India Ltd Competitors