Prestige Estates Projects
Market Cap
₹110.0b
Last Updated
2020/11/24 12:40 UTC
Data Sources
Company Financials +
Executive Summary
Prestige Estates Projects Limited, together with its subsidiaries, engages in the development, construction, and leasing of real estate properties in India. More Details
Rewards
Risk Analysis
Snowflake Analysis
Moderate growth potential with questionable track record.
Similar Companies
Share Price & News
How has Prestige Estates Projects's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: 533274 is not significantly more volatile than the rest of Indian stocks over the past 3 months, typically moving +/- 7% a week.
Volatility Over Time: 533274's weekly volatility (7%) has been stable over the past year.
Market Performance
7 Day Return
7.0%
533274
3.6%
IN Real Estate
2.3%
IN Market
1 Year Return
-5.6%
533274
-9.2%
IN Real Estate
7.4%
IN Market
Return vs Industry: 533274 exceeded the Indian Real Estate industry which returned -9.2% over the past year.
Return vs Market: 533274 underperformed the Indian Market which returned 7.4% over the past year.
Shareholder returns
| 533274 | Industry | Market | |
|---|---|---|---|
| 7 Day | 7.0% | 3.6% | 2.3% |
| 30 Day | 9.8% | 6.4% | 8.1% |
| 90 Day | 16.1% | 15.8% | 10.0% |
| 1 Year | -4.7%-5.6% | -8.7%-9.2% | 9.4%7.4% |
| 3 Year | -9.3%-11.0% | -19.9%-21.3% | 5.2%0.1% |
| 5 Year | 40.1%35.9% | 47.2%42.5% | 52.4%41.0% |
Long-Term Price Volatility Vs. Market
How volatile is Prestige Estates Projects's share price compared to the market and industry in the last 5 years?
Simply Wall St News
No news available
Valuation
Is Prestige Estates Projects undervalued compared to its fair value and its price relative to the market?
45.85x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: 533274 (₹279.05) is trading above our estimate of fair value (₹10.33)
Significantly Below Fair Value: 533274 is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: 533274 is poor value based on its PE Ratio (45.9x) compared to the IN Real Estate industry average (15.5x).
PE vs Market: 533274 is poor value based on its PE Ratio (45.9x) compared to the Indian market (17.1x).
Price to Earnings Growth Ratio
PEG Ratio: 533274 is poor value based on its PEG Ratio (1.2x)
Price to Book Ratio
PB vs Industry: 533274 is overvalued based on its PB Ratio (2.1x) compared to the IN Real Estate industry average (0.6x).
Next Steps
Future Growth
How is Prestige Estates Projects forecast to perform in the next 1 to 3 years based on estimates from 12 analysts?
38.7%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: 533274's forecast earnings growth (38.7% per year) is above the savings rate (7.2%).
Earnings vs Market: 533274's earnings (38.7% per year) are forecast to grow faster than the Indian market (24.2% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: 533274's revenue (7.8% per year) is forecast to grow slower than the Indian market (11.4% per year).
High Growth Revenue: 533274's revenue (7.8% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: 533274's Return on Equity is forecast to be low in 3 years time (8.3%).
Next Steps
Past Performance
How has Prestige Estates Projects performed over the past 5 years?
5.8%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: 533274 has high quality earnings.
Growing Profit Margin: 533274's current net profit margins (3.1%) are lower than last year (6.5%).
Past Earnings Growth Analysis
Earnings Trend: 533274's earnings have grown by 5.8% per year over the past 5 years.
Accelerating Growth: 533274's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: 533274 had negative earnings growth (-43.8%) over the past year, making it difficult to compare to the Real Estate industry average (-4.7%).
Return on Equity
High ROE: 533274's Return on Equity (6.8%) is considered low.
Next Steps
Financial Health
How is Prestige Estates Projects's financial position?
Financial Position Analysis
Short Term Liabilities: 533274's short term assets (₹147.0B) do not cover its short term liabilities (₹156.0B).
Long Term Liabilities: 533274's short term assets (₹147.0B) exceed its long term liabilities (₹79.5B).
Debt to Equity History and Analysis
Debt Level: 533274's debt to equity ratio (151.6%) is considered high.
Reducing Debt: 533274's debt to equity ratio has increased from 109.4% to 151.6% over the past 5 years.
Debt Coverage: 533274's debt is well covered by operating cash flow (22.6%).
Interest Coverage: 533274's interest payments on its debt are not well covered by EBIT (1.7x coverage).
Balance Sheet
Next Steps
Dividend
What is Prestige Estates Projects's current dividend yield, its reliability and sustainability?
0.54%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: 533274's dividend (0.54%) is higher than the bottom 25% of dividend payers in the Indian market (0.53%).
High Dividend: 533274's dividend (0.54%) is low compared to the top 25% of dividend payers in the Indian market (2.15%).
Stability and Growth of Payments
Stable Dividend: 533274 has been paying a dividend for less than 10 years and during this time payments have been volatile.
Growing Dividend: 533274's dividend payments have increased, but the company has only paid a dividend for 9 years.
Current Payout to Shareholders
Dividend Coverage: Unable to calculate sustainability of dividends as 533274 has not reported any payouts.
Future Payout to Shareholders
Future Dividend Coverage: 533274's dividends in 3 years are forecast to be thoroughly covered by earnings (14.6% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
4.7yrs
Average management tenure
CEO
Venkat Narayana (41 yo)
3.25yrs
Tenure
₹11,950,000
Compensation
Mr. Konanki Venkata Narayana, also known as Venkat, has been Chief Executive Officer of Prestige Estates Projects Limited since August 14, 2017. Mr. Narayana served as the Chief Financial Officer and Execu...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman & MD | 23.42yrs | ₹70.79m | 2.34% ₹ 2.6b | |
| Joint Managing Director | 23.42yrs | ₹70.79m | 2.34% ₹ 2.6b | |
| Director of Corporate Communications & Director | 6yrs | ₹6.00m | 0.20% ₹ 214.7m | |
| Whole Time Director | 9.83yrs | ₹5.40m | 2.34% ₹ 2.6b | |
| Managing Director of Hospitality | 4.67yrs | ₹1.00m | no data | |
| Chief Executive Officer | 3.25yrs | ₹11.95m | 0.0068% ₹ 7.5m | |
| Chief Financial Officer | 3.25yrs | ₹6.81m | no data | |
| Executive Director of HR | no data | ₹1.61m | no data | |
| Executive Director of Legal | no data | ₹5.76m | no data | |
| Company Secretary & Compliance Officer | 1.5yrs | no data | no data | |
| Executive Director of Business Development | no data | ₹16.12m | no data | |
| Head of Sales | no data | no data | no data |
4.7yrs
Average Tenure
52.5yo
Average Age
Experienced Management: 533274's management team is considered experienced (4.7 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman & MD | 23.42yrs | ₹70.79m | 2.34% ₹ 2.6b | |
| Joint Managing Director | 23.42yrs | ₹70.79m | 2.34% ₹ 2.6b | |
| Director of Corporate Communications & Director | 6yrs | ₹6.00m | 0.20% ₹ 214.7m | |
| Whole Time Director | 9.83yrs | ₹5.40m | 2.34% ₹ 2.6b | |
| Independent Non–Executive Director | 11yrs | ₹700.00k | no data | |
| Independent Non–Executive Director | 11yrs | ₹500.00k | no data | |
| Independent Non–Executive Director | 11yrs | ₹700.00k | 0.00012% ₹ 132.0k | |
| Independent Non–Executive Director | 11yrs | ₹700.00k | no data | |
| Independent Non–Executive Director | 1.25yrs | ₹300.00k | no data |
11.0yrs
Average Tenure
63yo
Average Age
Experienced Board: 533274's board of directors are seasoned and experienced ( 11 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Ownership Breakdown
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 6.9%.
Top Shareholders
Company Information
Prestige Estates Projects Limited's company bio, employee growth, exchange listings and data sources
Key Information
- Name: Prestige Estates Projects Limited
- Ticker: 533274
- Exchange: BSE
- Founded: 1986
- Industry: Real Estate Development
- Sector: Real Estate
- Market Cap: ₹110.016b
- Shares outstanding: 400.86m
- Website: https://www.prestigeconstructions.com
Number of Employees
Location
- Prestige Estates Projects Limited
- Prestige Falcon Tower
- 19, Brunton Rd
- Bengaluru
- Karnataka
- 560025
- India
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| PRESTIGE | NSEI (National Stock Exchange of India) | Yes | Equity Shares | IN | INR | Oct 2010 |
| 533274 | BSE (Mumbai Stock Exchange) | Yes | Equity Shares | IN | INR | Oct 2010 |
Biography
Prestige Estates Projects Limited, together with its subsidiaries, engages in the development, construction, and leasing of real estate properties in India. The company develops a range of residential proj...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/11/24 12:40 |
| End of Day Share Price | 2020/11/24 00:00 |
| Earnings | 2020/09/30 |
| Annual Earnings | 2020/03/31 |
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.