Thermax Limited
NSE:THERMAX
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P/FCFE
Price to Free Cash Flow to Equity (P/FCFE) ratio compares a company`s market value to the free cash flow available to its shareholders. It`s similar to the P/OCF ratio but more precise, since it accounts for capital expenditures deducted from operating cash flow.
Price to Free Cash Flow to Equity (P/FCFE) ratio compares a company`s market value to the free cash flow available to its shareholders. It`s similar to the P/OCF ratio but more precise, since it accounts for capital expenditures deducted from operating cash flow.
Valuation Scenarios
If P/FCFE returns to its 3-Year Average (95.4), the stock would be worth ₹113.36 (97% downside from current price).
| Scenario | P/FCFE Value | Implied Price | Upside/Downside |
|---|---|---|---|
| Current Multiple | 3 431.8 | ₹4 077.6 |
0%
|
| 3-Year Average | 95.4 | ₹113.36 |
-97%
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| 5-Year Average | 78.6 | ₹93.41 |
-98%
|
| Industry Average | 80.8 | ₹96.01 |
-98%
|
| Country Average | 49.7 | ₹59.1 |
-99%
|
Forward P/FCFE
Today’s price vs future free cash flow to equity
Peer Comparison
| Market Cap | P/FCFE | P/E | ||||
|---|---|---|---|---|---|---|
| IN |
|
Thermax Limited
NSE:THERMAX
|
485.9B INR | 3 431.8 | 71.2 | |
| JP |
F
|
Fujitec Co Ltd
TSE:6406
|
2 720 795.8T JPY | 0 | 0 | |
| JP |
I
|
Ishii Iron Works Co Ltd
TSE:6362
|
304.2T JPY | 482 634.1 | 363 670.8 | |
| JP |
S
|
Star Micronics Co Ltd
TSE:7718
|
48T JPY | -10.4 | 29.8 | |
| US |
|
Parker-Hannifin Corp
NYSE:PH
|
111.3B USD | 27.3 | 31.5 | |
| JP |
|
Freund Corp
TSE:6312
|
16.9T JPY | 14 049.1 | 8 494.3 | |
| JP |
|
Mitsubishi Heavy Industries Ltd
TSE:7011
|
15.4T JPY | 126.6 | 54.9 | |
| SE |
|
Atlas Copco AB
STO:ATCO A
|
848.5B SEK | 34.3 | 32.1 | |
| US |
|
Illinois Tool Works Inc
NYSE:ITW
|
73.7B USD | 24.5 | 24 | |
| US |
|
Barnes Group Inc
NYSE:B
|
65B USD | 18 | 13 | |
| SE |
|
Sandvik AB
STO:SAND
|
480.6B SEK | 38.6 | 32.4 |
Market Distribution
| Min | 0.6 |
| 30th Percentile | 27.4 |
| Median | 49.7 |
| 70th Percentile | 92 |
| Max | 57 010.1 |
Other Multiples
Thermax Limited
Glance View
In the bustling industrial landscape of India, Thermax Limited emerged as a beacon of innovation and efficiency, carving its niche in the realm of energy and environment solutions. Founded in 1966 by A.S. Bhathena, the company has transformed from a boiler manufacturer into a comprehensive solutions provider, driven by a vision to frame energy systems that reduce environmental impact. Operating from its headquarters in Pune, Thermax has become synonymous with sustainability. It offers a diverse portfolio ranging from heating, cooling, and power generation to water and waste management solutions, catering to a variety of industries such as steel, cement, textiles, and more. The company leverages its robust research and development arm and strategic collaborations to push the boundaries of technology, aiming to meet the growing demand for energy efficiency across the globe. Thermax’s financial lifeblood flows from its project-based engagements and product offerings. It specializes in creating tailor-made solutions that optimize resource consumption and mitigate environmental effects, resonating with businesses striving for operational efficiency and sustainability. Revenue streams are fortified by its manufacturing excellence and service network, which spans continents, ensuring that industrial giants from Asia to Africa and Europe can rely on its expertise. A significant portion of its income derives from long-term maintenance contracts and retrofitting projects that provide steady returns alongside diverse product sales. Thus, by consistently aligning its operations with global environmental standards and client-specific needs, Thermax not only fortifies its balance sheet but also cements its status as a pivotal player in the green industrial solutions market.