HDFC Asset Management Company Limited

NSEI:HDFCAMC Stock Report

Market Cap: ₹810.3b

HDFC Asset Management Valuation

Is HDFCAMC undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

1/6

Valuation Score 1/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of HDFCAMC when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: HDFCAMC (₹3754.1) is trading above our estimate of fair value (₹788.19)

Significantly Below Fair Value: HDFCAMC is trading above our estimate of fair value.


Key Valuation Metric

Which metric is best to use when looking at relative valuation for HDFCAMC?

Other financial metrics that can be useful for relative valuation.

HDFCAMC key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue27.5x
Enterprise Value/EBITDA35.1x
PEG Ratio3.6x

Price to Earnings Ratio vs Peers

How does HDFCAMC's PE Ratio compare to its peers?

The above table shows the PE ratio for HDFCAMC vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average51.7x
NAM-INDIA Nippon Life India Asset Management
30.8x11.2%₹292.9b
360ONE 360 One Wam
33.8x18.2%₹239.7b
501301 Tata Investment
91.6xn/a₹300.8b
CDSL Central Depository Services (India)
50.7x16.1%₹176.2b
HDFCAMC HDFC Asset Management
45.1x12.4%₹810.3b

Price-To-Earnings vs Peers: HDFCAMC is good value based on its Price-To-Earnings Ratio (45.1x) compared to the peer average (51.7x).


Price to Earnings Ratio vs Industry

How does HDFCAMC's PE Ratio compare vs other companies in the IN Capital Markets Industry?

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a14.6%
n/an/an/a
No. of CompaniesPE048121620

Fetching data

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a14.6%
n/an/an/a
No more companies

Price-To-Earnings vs Industry: HDFCAMC is expensive based on its Price-To-Earnings Ratio (45.1x) compared to the Indian Capital Markets industry average (21x).


Price to Earnings Ratio vs Fair Ratio

What is HDFCAMC's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

HDFCAMC PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio45.1x
Fair PE Ratio23.3x

Price-To-Earnings vs Fair Ratio: HDFCAMC is expensive based on its Price-To-Earnings Ratio (45.1x) compared to the estimated Fair Price-To-Earnings Ratio (23.3x).


Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst HDFCAMC forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current₹3,754.10
₹3,465.29
-7.7%
13.2%₹4,300.00₹2,350.00n/a21
Mar ’25₹3,784.75
₹3,460.52
-8.6%
13.1%₹4,300.00₹2,350.00n/a21
Feb ’25₹3,587.95
₹3,411.00
-4.9%
12.5%₹4,010.00₹2,350.00n/a21
Jan ’25₹3,221.30
₹2,868.86
-10.9%
8.6%₹3,230.00₹2,200.00n/a21
Dec ’24₹2,928.05
₹2,824.59
-3.5%
10.6%₹3,230.00₹2,050.00n/a22
Nov ’24₹2,723.10
₹2,779.36
+2.1%
11.2%₹3,230.00₹2,050.00n/a22
Oct ’24₹2,647.45
₹2,496.67
-5.7%
11.9%₹2,920.00₹1,700.00n/a21
Sep ’24₹2,431.25
₹2,497.05
+2.7%
11.9%₹2,920.00₹1,700.00n/a21
Aug ’24₹2,556.30
₹2,487.85
-2.7%
12.2%₹2,920.00₹1,700.00n/a20
Jul ’24₹2,295.65
₹2,017.53
-12.1%
9.4%₹2,350.00₹1,580.00n/a19
Jun ’24₹1,950.00
₹1,991.74
+2.1%
8.9%₹2,250.00₹1,580.00n/a19
May ’24₹1,764.30
₹1,997.39
+13.2%
7.3%₹2,250.00₹1,706.00n/a18
Apr ’24₹1,707.85
₹2,161.56
+26.6%
9.5%₹2,600.00₹1,800.00n/a18
Mar ’24₹1,809.35
₹2,321.65
+28.3%
12.3%₹3,195.00₹1,880.00₹3,784.7517
Feb ’24₹1,861.10
₹2,324.00
+24.9%
12.1%₹3,195.00₹1,920.00₹3,587.9517
Jan ’24₹2,181.50
₹2,302.06
+5.5%
12.5%₹3,195.00₹1,890.00₹3,221.3016
Dec ’23₹2,199.90
₹2,284.29
+3.8%
12.1%₹3,195.00₹1,890.00₹2,928.0517
Nov ’23₹2,090.25
₹2,282.39
+9.2%
11.7%₹3,195.00₹1,890.00₹2,723.1018
Oct ’23₹1,889.60
₹2,257.17
+19.5%
12.4%₹3,195.00₹1,825.00₹2,647.4518
Sep ’23₹2,040.70
₹2,257.17
+10.6%
12.4%₹3,195.00₹1,825.00₹2,431.2518
Aug ’23₹1,999.85
₹2,257.17
+12.9%
12.4%₹3,195.00₹1,825.00₹2,556.3018
Jul ’23₹1,834.10
₹2,424.67
+32.2%
14.1%₹3,195.00₹1,900.00₹2,295.6518
Jun ’23₹1,854.25
₹2,558.22
+38.0%
12.2%₹3,195.00₹1,975.00₹1,950.0018
May ’23₹2,041.75
₹2,573.05
+26.0%
11.9%₹3,195.00₹1,975.00₹1,764.3019
Apr ’23₹2,276.50
₹2,758.50
+21.2%
12.4%₹3,390.00₹2,000.00₹1,707.8520
Mar ’23₹2,086.20
₹2,782.63
+33.4%
12.0%₹3,390.00₹2,000.00₹1,809.3519

Analyst Forecast: Target price is lower than the current share price.


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