Financials Fortis Healthcare Limited

Equities

FORTIS

INE061F01013

Healthcare Facilities & Services

Market Closed - NSE India S.E. 07:43:47 2024-04-26 am EDT 5-day change 1st Jan Change
443.6 INR -0.29% Intraday chart for Fortis Healthcare Limited +3.10% +5.81%

Valuation

Fiscal Period: March 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 102,485 95,238 150,350 219,240 196,214 334,862 - -
Enterprise Value (EV) 1 111,604 105,744 157,658 224,770 199,618 337,057 333,164 326,061
P/E ratio -36.7 x 164 x -137 x 39.5 x 33.3 x 55.3 x 40.7 x 32.3 x
Yield - - - - - 0.23% 0.28% 0.28%
Capitalization / Revenue 2.29 x 2.06 x 3.73 x 3.83 x 3.12 x 4.81 x 4.22 x 3.77 x
EV / Revenue 2.5 x 2.28 x 3.91 x 3.93 x 3.17 x 4.84 x 4.2 x 3.67 x
EV / EBITDA 49.6 x 17.3 x 39 x 20.6 x 18.1 x 27.5 x 21.6 x 17.9 x
EV / FCF -42.7 x 303 x 57.5 x 30 x 53.2 x 62.5 x 51.2 x 34.9 x
FCF Yield -2.34% 0.33% 1.74% 3.34% 1.88% 1.6% 1.95% 2.87%
Price to Book 1.55 x 1.43 x 2.46 x 3.55 x 2.71 x 4.21 x 3.82 x 3.4 x
Nbr of stocks (in thousands) 754,955 754,958 754,958 754,958 754,958 754,958 - -
Reference price 2 135.8 126.2 199.2 290.4 259.9 443.6 443.6 443.6
Announcement Date 5/25/19 6/17/20 5/29/21 5/25/22 5/23/23 - - -
1INR in Million2INR
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: March 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 44,694 46,323 40,301 57,176 62,976 69,640 79,379 88,936
EBITDA 1 2,252 6,095 4,044 10,931 11,013 12,252 15,419 18,181
EBIT 1 -77 3,178 1,138 7,923 7,856 8,936 11,878 14,510
Operating Margin -0.17% 6.86% 2.82% 13.86% 12.47% 12.83% 14.96% 16.32%
Earnings before Tax (EBT) 1 -1,101 2,394 432.9 9,878 8,137 8,227 11,271 14,256
Net income 1 -2,989 579.4 -1,098 5,551 5,887 6,062 8,149 10,154
Net margin -6.69% 1.25% -2.72% 9.71% 9.35% 8.71% 10.27% 11.42%
EPS 2 -3.700 0.7700 -1.450 7.350 7.800 8.017 10.91 13.74
Free Cash Flow 1 -2,616 349.4 2,740 7,501 3,750 5,395 6,509 9,347
FCF margin -5.85% 0.75% 6.8% 13.12% 5.95% 7.75% 8.2% 10.51%
FCF Conversion (EBITDA) - 5.73% 67.74% 68.62% 34.05% 44.04% 42.21% 51.41%
FCF Conversion (Net income) - 60.3% - 135.13% 63.7% 89% 79.87% 92.05%
Dividend per Share 2 - - - - - 1.013 1.254 1.246
Announcement Date 5/25/19 6/17/20 5/29/21 5/25/22 5/23/23 - - -
1INR in Million2INR
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: March 2021 Q3 2021 Q4 2022 Q1 2022 Q2 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4 2025 Q1
Net sales 1 11,770 12,524 14,103 14,625 14,666 13,781 14,878 16,072 15,599 16,427 16,574 17,668 17,349 18,040 18,677
EBITDA 1 1,904 1,973 2,752 2,844 2,869 2,276 2,511 3,029 2,764 2,709 2,725 3,328 3,142 3,420 -
EBIT 1 - 1,258 2,023 2,098 2,108 1,503 1,868 2,260 1,937 1,891 1,932 2,411 2,165 2,380 2,482
Operating Margin - 10.04% 14.35% 14.35% 14.37% 10.9% 12.56% 14.06% 12.42% 11.51% 11.66% 13.65% 12.48% 13.19% 13.29%
Earnings before Tax (EBT) - - - - - - 1,763 2,678 1,835 1,817 - 2,235 2,399 2,630 -
Net income 1 299 431.7 2,636 - - - 1,222 2,044 1,296 1,326 1,771 1,548 1,611 1,743 -
Net margin 2.54% 3.45% 18.69% - - - 8.22% 12.72% 8.31% 8.07% 10.48% 8.76% 9.29% 9.66% -
EPS - - 3.490 - - - - 2.710 - - - - 2.200 - -
Dividend per Share - - - - - - - - - - - - - - -
Announcement Date 2/5/21 5/29/21 8/13/21 11/12/21 2/11/22 5/25/22 8/5/22 11/11/22 2/10/23 5/23/23 8/4/23 - - - -
1INR in Million
Estimates

Balance Sheet Analysis

Fiscal Period: March 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 9,119 10,506 7,308 5,530 3,404 2,196 - -
Net Cash position 1 - - - - - - 1,698 8,800
Leverage (Debt/EBITDA) 4.049 x 1.724 x 1.807 x 0.5059 x 0.3091 x 0.1792 x - -
Free Cash Flow 1 -2,616 349 2,740 7,501 3,750 5,395 6,509 9,347
ROE (net income / shareholders' equity) -1.44% 0.87% -1.72% 9.03% 8.77% 7.77% 9.69% 11%
ROA (Net income/ Total Assets) -0.74% 0.5% -0.98% 4.82% 4.84% 4.67% 6.02% 7.11%
Assets 1 401,680 116,486 112,517 115,194 121,591 129,771 135,314 142,827
Book Value Per Share 2 87.40 88.20 81.10 81.80 95.90 105.0 116.0 130.0
Cash Flow per Share 2 - - - 11.50 10.90 13.50 15.80 18.50
Capex 1 831 1,366 2,115 1,153 4,472 6,378 6,450 6,287
Capex / Sales 1.86% 2.95% 5.25% 2.02% 7.1% 9.16% 8.13% 7.07%
Announcement Date 5/25/19 6/17/20 5/29/21 5/25/22 5/23/23 - - -
1INR in Million2INR
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Trading Rating
Investor Rating
ESG Refinitiv
B+
More Ratings
Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
13
Last Close Price
443.6 INR
Average target price
482.2 INR
Spread / Average Target
+8.72%
Consensus
  1. Stock Market
  2. Equities
  3. FORTIS Stock
  4. Financials Fortis Healthcare Limited