E

Emcure Pharmaceuticals Ltd
NSE:EMCURE

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Emcure Pharmaceuticals Ltd
NSE:EMCURE
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Price: 1 055.6 INR 1.98% Market Closed
Market Cap: 200B INR

Relative Value

The Relative Value of one EMCURE stock under the Base Case scenario is 1 102.65 INR. Compared to the current market price of 1 055.6 INR, Emcure Pharmaceuticals Ltd is Undervalued by 4%.

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.

EMCURE Relative Value
Base Case
1 102.65 INR
Undervaluation 4%
Relative Value
Price
E
Worst Case
Base Case
Best Case

Valuation Multiples

vs History
50
vs Industry
58
Median 3Y
1.6
Median 5Y
1.6
Industry
2.4
Forward
2.5
vs History
50
vs Industry
24
Median 3Y
20
Median 5Y
20
Industry
20.5
Forward
28.4
vs History
50
vs Industry
19
Median 3Y
22
Median 5Y
22
Industry
15.6
vs History
vs Industry
Median 3Y
-163.5
Median 5Y
-163.5
Industry
23.1
vs History
66
vs Industry
15
Median 3Y
6
Median 5Y
6
Industry
2
vs History
50
vs Industry
57
Median 3Y
1.6
Median 5Y
1.6
Industry
2.5
Forward
2.5
vs History
50
vs Industry
63
Median 3Y
2.6
Median 5Y
2.6
Industry
4.9
vs History
50
vs Industry
33
Median 3Y
9.7
Median 5Y
9.7
Industry
12.3
Forward
13.5
vs History
50
vs Industry
34
Median 3Y
11.8
Median 5Y
11.8
Industry
15.5
Forward
18.3
vs History
50
vs Industry
20
Median 3Y
22.2
Median 5Y
22.2
Industry
14.1
vs History
50
vs Industry
14
Median 3Y
35.6
Median 5Y
35.6
Industry
17.5
vs History
66
vs Industry
23
Median 3Y
4
Median 5Y
4
Industry
1.8

Multiples Across Competitors

EMCURE Competitors Multiples
Emcure Pharmaceuticals Ltd Competitors

Market Cap P/S P/E EV/EBITDA EV/EBIT
IN
Emcure Pharmaceuticals Ltd
NSE:EMCURE
199.6B INR 1.6 20.2 9.8 11.8
US
Eli Lilly and Co
NYSE:LLY
678.4B USD 13.8 61.1 32.9 36
UK
Dechra Pharmaceuticals PLC
LSE:DPH
440.4B GBP 578.3 -15 783.5 3 846.3 17 702.3
US
Johnson & Johnson
NYSE:JNJ
352.1B USD 3.9 16.1 11.8 15.5
DK
Novo Nordisk A/S
CSE:NOVO B
1.9T DKK 6.6 19 12.6 14.3
CH
Roche Holding AG
SIX:ROG
202.4B CHF 3.3 24.5 9.2 10.8
CH
Novartis AG
SIX:NOVN
175B CHF 3.9 16.2 9.6 12.9
UK
AstraZeneca PLC
LSE:AZN
155.4B GBP 3.8 26.6 130.1 196.3
US
Merck & Co Inc
NYSE:MRK
184.9B USD 2.9 10.6 8 9.7
IE
Endo International PLC
LSE:0Y5F
163.5B USD 70.5 -56 261.3 655.3
US
Pfizer Inc
NYSE:PFE
125B USD 2 15.9 7 9.8
P/E Multiple
Earnings Growth PEG
IN
E
Emcure Pharmaceuticals Ltd
NSE:EMCURE
Average P/E: 23.3
20.2
N/A N/A
US
Eli Lilly and Co
NYSE:LLY
61.1
49%
1.2
UK
Dechra Pharmaceuticals PLC
LSE:DPH
Negative Multiple: -15 783.5 N/A N/A
US
Johnson & Johnson
NYSE:JNJ
16.1
27%
0.6
DK
Novo Nordisk A/S
CSE:NOVO B
19
18%
1.1
CH
Roche Holding AG
SIX:ROG
24.5
32%
0.8
CH
Novartis AG
SIX:NOVN
16.2
17%
1
UK
AstraZeneca PLC
LSE:AZN
26.6
36%
0.7
US
Merck & Co Inc
NYSE:MRK
10.6
18%
0.6
IE
E
Endo International PLC
LSE:0Y5F
Negative Multiple: -56 N/A N/A
US
Pfizer Inc
NYSE:PFE
15.9
29%
0.5
EV/EBITDA Multiple
EBITDA Growth EV/EBITDA to Growth
IN
E
Emcure Pharmaceuticals Ltd
NSE:EMCURE
Average EV/EBITDA: 394.4
9.8
N/A N/A
US
Eli Lilly and Co
NYSE:LLY
32.9
31%
1.1
UK
Dechra Pharmaceuticals PLC
LSE:DPH
3 846.3
36%
106.8
US
Johnson & Johnson
NYSE:JNJ
11.8
8%
1.5
DK
Novo Nordisk A/S
CSE:NOVO B
12.6
14%
0.9
CH
Roche Holding AG
SIX:ROG
9.2
6%
1.5
CH
Novartis AG
SIX:NOVN
9.6
5%
1.9
UK
AstraZeneca PLC
LSE:AZN
130.1
9%
14.5
US
Merck & Co Inc
NYSE:MRK
8
9%
0.9
IE
E
Endo International PLC
LSE:0Y5F
261.3
N/A N/A
US
Pfizer Inc
NYSE:PFE
7
2%
3.5
EV/EBIT Multiple
EBIT Growth EV/EBIT to Growth
IN
E
Emcure Pharmaceuticals Ltd
NSE:EMCURE
Average EV/EBIT: 1 697.7
11.8
N/A N/A
US
Eli Lilly and Co
NYSE:LLY
36
33%
1.1
UK
Dechra Pharmaceuticals PLC
LSE:DPH
17 702.3
98%
180.6
US
Johnson & Johnson
NYSE:JNJ
15.5
13%
1.2
DK
Novo Nordisk A/S
CSE:NOVO B
14.3
14%
1
CH
Roche Holding AG
SIX:ROG
10.8
6%
1.8
CH
Novartis AG
SIX:NOVN
12.9
10%
1.3
UK
AstraZeneca PLC
LSE:AZN
196.3
21%
9.3
US
Merck & Co Inc
NYSE:MRK
9.7
12%
0.8
IE
E
Endo International PLC
LSE:0Y5F
655.3
N/A N/A
US
Pfizer Inc
NYSE:PFE
9.8
10%
1