Dish TV India Valuation

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

Valuation Score

2/6

Valuation Score 2/6

Below Fair Value
Significantly Below Fair Value
Price-To-Sales vs Peers
Price-To-Sales vs Industry
Price-To-Sales vs Fair Ratio
Analyst Forecast

Share Price vs Fair Value

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

Below Fair Value: DISHTV (₹10.48) is trading above our estimate of fair value (₹7.52)

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

Key Valuation Metric

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

Key metric: As DISHTV is unprofitable we use its Price-To-Sales Ratio for relative valuation analysis.

The above table shows the Price to Sales ratio for DISHTV. This is calculated by dividing DISHTV's market cap by their current revenue.
What is DISHTV's PS Ratio?
PS Ratio	1.1x
Sales	₹17.28b
Market Cap	₹19.72b

DISHTV 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/Revenue	1.1x
Enterprise Value/EBITDA	2.9x
PEG Ratio	n/a

Price to Sales Ratio vs Peers

How does DISHTV's PS Ratio compare to its peers?

The above table shows the PS ratio for DISHTV vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
Company	Forward PS	Estimated Growth	Market Cap
Peer Average	1x
DEN DEN Networks	2.1x	n/a	₹20.8b
GTPL GTPL Hathway	0.5x	n/a	₹15.9b
HATHWAY Hathway Cable and Datacom	1.6x	n/a	₹32.4b
SITINET SITI Networks	0.06x	n/a	₹776.1m
DISHTV Dish TV India	1.1x	13.0%	₹19.7b

Price-To-Sales vs Peers: DISHTV is expensive based on its Price-To-Sales Ratio (1.1x) compared to the peer average (1x).

Price to Sales Ratio vs Industry

How does DISHTV's PS Ratio compare vs other companies in the IN Media Industry?

3 Companies	Price / Sales	Estimated Growth	Market Cap
532368 Brightcom Group	0.3x	n/a	US$184.96m
HTMEDIA HT Media	0.3x	n/a	US$63.55m
SITINET SITI Networks	0.06x	n/a	US$9.19m

No more companies available in this PS range

3 Companies		Estimated Growth	Market Cap

No more companies

Price-To-Sales vs Industry: DISHTV is good value based on its Price-To-Sales Ratio (1.1x) compared to the Indian Media industry average (1.9x).

Price to Sales Ratio vs Fair Ratio

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

DISHTV PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio	1.1x
Fair PS Ratio	4.1x

Price-To-Sales vs Fair Ratio: DISHTV is good value based on its Price-To-Sales Ratio (1.1x) compared to the estimated Fair Price-To-Sales Ratio (4.1x).

Analyst Price Targets

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

Analyst Forecast: Insufficient data to show price forecast.

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