Thomas Cook (India) Ltd
NSE:THOMASCOOK
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EV/EBITDA
Enterprise Value to EBITDA (EV/EBITDA) ratio compares a company`s total enterprise value to its earnings before interest, taxes, depreciation, and amortization. It shows how much investors are paying for each dollar of the company`s earnings, including both equity and debt.
Enterprise Value to EBITDA (EV/EBITDA) ratio compares a company`s total enterprise value to its earnings before interest, taxes, depreciation, and amortization. It shows how much investors are paying for each dollar of the company`s earnings, including both equity and debt.
Valuation Scenarios
If EV/EBITDA returns to its 3-Year Average (13.5), the stock would be worth ₹226.96 (126% upside from current price).
| Scenario | EV/EBITDA Value | Implied Price | Upside/Downside |
|---|---|---|---|
| Current Multiple | 6 | ₹100.5 |
0%
|
| 3-Year Average | 13.5 | ₹226.96 |
+126%
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| 5-Year Average | 10.7 | ₹180.18 |
+79%
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| Industry Average | 19.8 | ₹332.58 |
+231%
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| Country Average | 17.7 | ₹297.35 |
+196%
|
Forward EV/EBITDA
Today’s price vs future ebitda
| Today's Enterprise Value | EBITDA | Forward EV/EBITDA | ||
|---|---|---|---|---|
|
₹28.1B
|
/ |
Jan 2026
₹4.5B
|
= |
|
|
₹28.1B
|
/ |
Mar 2026
₹4.7B
|
= |
|
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₹28.1B
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/ |
Mar 2027
₹5.6B
|
= |
|
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₹28.1B
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/ |
Mar 2028
₹6.6B
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= |
|
Forward EV/EBITDA shows whether today’s EV/EBITDA still looks high or low once future ebitda are taken into account.
Peer Comparison
| Market Cap | EV/EBITDA | P/E | ||||
|---|---|---|---|---|---|---|
| IN |
|
Thomas Cook (India) Ltd
NSE:THOMASCOOK
|
49.8B INR | 6 | 19.1 | |
| CN |
H
|
H World Group Ltd
BMV:HTHTN
|
2.7T MXN | 128.5 | 206.7 | |
| US |
|
Booking Holdings Inc
NASDAQ:BKNG
|
143B USD | 13.8 | 25.9 | |
| US |
|
Marriott International Inc
NASDAQ:MAR
|
97.6B USD | 23.4 | 37.5 | |
| US |
|
Airbnb Inc
NASDAQ:ABNB
|
88.1B USD | 28.9 | 34.4 | |
| US |
|
Hilton Worldwide Holdings Inc
NYSE:HLT
|
76.9B USD | 30.7 | 52.7 | |
| US |
|
Royal Caribbean Cruises Ltd
NYSE:RCL
|
71.8B USD | 13.3 | 16.7 | |
| US |
|
Carnival Corp
NYSE:CCL
|
37.3B USD | 8 | 11.9 | |
| UK |
|
Carnival PLC
LSE:CCL
|
26.3B GBP | 7.8 | 12.6 | |
| US |
V
|
Viking Holdings Ltd
NYSE:VIK
|
35.7B USD | 0 | 0 | |
| CN |
|
Trip.com Group Ltd
HKEX:9961
|
276.3B HKD | 10.2 | 7.2 |
Market Distribution
| Min | 0.4 |
| 30th Percentile | 11.9 |
| Median | 17.7 |
| 70th Percentile | 27.8 |
| Max | 47 834.4 |
Other Multiples
Thomas Cook (India) Ltd
Glance View
Thomas Cook (India) Ltd. is a venerable name in travel and financial services, tracing its roots back to the pioneering initiatives of its British counterpart in the 19th century. However, its story in India began in 1881, when it set the stage for organized travel in the subcontinent. Recognizable by its robust business model, Thomas Cook (India) operates through a diverse portfolio that includes foreign exchange services, travel offerings, and corporate travel management. It has skillfully adapted to the evolving landscape by integrating technology with its traditional expertise. The company’s travel segment caters to both leisure and business customers, designing and managing trips that are crafted with meticulous attention to detail. This ensures repeat business and customer loyalty, two pivotal elements in its revenue generation strategy. Complementing the travel division is Thomas Cook India's stronghold in the forex services market. Here, it capitalizes on the burgeoning demand for foreign currencies from both corporate clients and individual travelers, taking advantage of its extensive network of branches across India. The travel and forex operations are interlinked, providing a seamless service experience. Through this symbiotic relationship, the company ensures a steady cash flow, sustaining its financial health. Moreover, its foray into the digital realm, with user-friendly online platforms, has opened up new streams of revenue, ensuring that Thomas Cook (India) remains not just a legacy brand, but a dynamic player in an increasingly competitive market.