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5332

Prestige Estates Projects BSE:533274 Stock Report

Last Price

₹388.00

Market Cap

₹155.5b

7D

-0.6%

1Y

36.2%

Updated

03 Jul, 2022

Data

Company Financials +
533274 fundamental analysis
Snowflake Score
Valuation5/6
Future Growth1/6
Past Performance1/6
Financial Health4/6
Dividends2/6

533274 Stock Overview

Prestige Estates Projects Limited, together with its subsidiaries, engages in the development and leasing of real estate properties in India.

Prestige Estates Projects Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Prestige Estates Projects
Historical stock prices
Current Share Price₹388.00
52 Week High₹553.40
52 Week Low₹285.00
Beta0.61
1 Month Change-11.49%
3 Month Change-22.92%
1 Year Change36.24%
3 Year Change41.81%
5 Year Change37.66%
Change since IPO101.51%

Recent News & Updates

Shareholder Returns

533274IN Real EstateIN Market
7D-0.6%2.2%0.6%
1Y36.2%23.4%-0.3%

Return vs Industry: 533274 exceeded the Indian Real Estate industry which returned 23.4% over the past year.

Return vs Market: 533274 exceeded the Indian Market which returned -0.2% over the past year.

Price Volatility

Is 533274's price volatile compared to industry and market?
533274 volatility
533274 Average Weekly Movement5.3%
Real Estate Industry Average Movement7.3%
Market Average Movement6.8%
10% most volatile stocks in IN Market9.8%
10% least volatile stocks in IN Market4.4%

Stable Share Price: 533274 is less volatile than 75% of Indian stocks over the past 3 months, typically moving +/- 5% a week.

Volatility Over Time: 533274's weekly volatility (5%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
19867,750Venkat Konankihttps://www.prestigeconstructions.com

Prestige Estates Projects Limited, together with its subsidiaries, engages in the development and leasing of real estate properties in India. It develops a range of residential projects, including townships, apartments, luxury villas, mansions, row houses, town homes, golf developments, and affordable houses; commercial projects comprising office spaces, built-to-suit campuses, special economic zones, and IT parks; and retail properties, such as malls. The company also develops and owns hospitality properties, which include hotels, resorts, spas, and service apartments.

Prestige Estates Projects Fundamentals Summary

How do Prestige Estates Projects's earnings and revenue compare to its market cap?
533274 fundamental statistics
Market Cap₹155.53b
Earnings (TTM)₹11.50b
Revenue (TTM)₹63.90b

13.5x

P/E Ratio

2.4x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
533274 income statement (TTM)
Revenue₹63.90b
Cost of Revenue₹33.53b
Gross Profit₹30.37b
Other Expenses₹18.87b
Earnings₹11.50b

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

n/a

Earnings per share (EPS)28.69
Gross Margin47.53%
Net Profit Margin18.00%
Debt/Equity Ratio68.2%

How did 533274 perform over the long term?

See historical performance and comparison

Dividends

0.4%

Current Dividend Yield

5%

Payout Ratio
We’ve recently updated our valuation analysis.

Valuation

Is 533274 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

5/6

Valuation Score 5/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • PEG Ratio

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 533274?

Other financial metrics that can be useful for relative valuation.

533274 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/Revenue3.3x
Enterprise Value/EBITDA13.9x
PEG Ratio-1.9x

Price to Earnings Ratio vs Peers

How does 533274's PE Ratio compare to its peers?

533274 PE Ratio vs Peers
The above table shows the PE ratio for 533274 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average160.8x
OBEROIRLTY Oberoi Realty
25.8x22.3%₹269.8b
504882 National Standard (India)
475.2xn/a₹116.9b
532784 Sobha
45.2x36.4%₹52.8b
GODREJPROP Godrej Properties
96.9x32.6%₹341.3b
533274 Prestige Estates Projects
13.5x-7.3%₹155.5b

Price-To-Earnings vs Peers: 533274 is good value based on its Price-To-Earnings Ratio (13.5x) compared to the peer average (160.8x).


Price to Earnings Ratio vs Industry

How does 533274's PE Ratio compare vs other companies in the IN Real Estate Industry?

Price-To-Earnings vs Industry: 533274 is good value based on its Price-To-Earnings Ratio (13.5x) compared to the Indian Real Estate industry average (25.8x)


Price to Earnings Ratio vs Fair Ratio

What is 533274'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.

533274 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio13.5x
Fair PE Ratio23x

Price-To-Earnings vs Fair Ratio: 533274 is good value based on its Price-To-Earnings Ratio (13.5x) compared to the estimated Fair Price-To-Earnings Ratio (23x).


Share Price vs Fair Value

What is the Fair Price of 533274 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 533274 (₹388) is trading below our estimate of fair value (₹604.03)

Significantly Below Fair Value: 533274 is trading below fair value by more than 20%.


Price to Earnings Growth Ratio

PEG Ratio: 533274's earnings are forecast to decline next year, so we can't calculate its PEG ratio.


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Future Growth

How is Prestige Estates Projects forecast to perform in the next 1 to 3 years based on estimates from 14 analysts?

Future Growth Score

1/6

Future Growth Score 1/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


-7.3%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: 533274's earnings are forecast to decline over the next 3 years (-7.3% per year).

Earnings vs Market: 533274's earnings are forecast to decline over the next 3 years (-7.3% per year).

High Growth Earnings: 533274's earnings are forecast to decline over the next 3 years.

Revenue vs Market: 533274's revenue (15.9% per year) is forecast to grow faster than the Indian market (11.5% per year).

High Growth Revenue: 533274's revenue (15.9% 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 (11.2%).


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Past Performance

How has Prestige Estates Projects performed over the past 5 years?

Past Performance Score

1/6

Past Performance Score 1/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


35.5%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: 533274 has a large one-off gain of ₹8.1B impacting its March 31 2022 financial results.

Growing Profit Margin: 533274's current net profit margins (18%) are lower than last year (20%).


Past Earnings Growth Analysis

Earnings Trend: 533274's earnings have grown significantly by 35.5% 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 (-21%) over the past year, making it difficult to compare to the Real Estate industry average (34.1%).


Return on Equity

High ROE: 533274's Return on Equity (12.7%) is considered low.


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Financial Health

How is Prestige Estates Projects's financial position?

Financial Health Score

4/6

Financial Health Score 4/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: 533274's short term assets (₹195.7B) exceed its short term liabilities (₹158.8B).

Long Term Liabilities: 533274's short term assets (₹195.7B) exceed its long term liabilities (₹50.2B).


Debt to Equity History and Analysis

Debt Level: 533274's net debt to equity ratio (45.5%) is considered high.

Reducing Debt: 533274's debt to equity ratio has reduced from 124.3% to 68.2% over the past 5 years.

Debt Coverage: 533274's debt is well covered by operating cash flow (32.9%).

Interest Coverage: 533274's interest payments on its debt are not well covered by EBIT (1.9x coverage).


Balance Sheet


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Dividend

What is Prestige Estates Projects's current dividend yield, its reliability and sustainability?

Dividend Score

3/6

Dividend Score 3/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Future Dividend Coverage


0.39%

Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: 533274's dividend (0.39%) isn’t notable compared to the bottom 25% of dividend payers in the Indian market (0.42%).

High Dividend: 533274's dividend (0.39%) is low compared to the top 25% of dividend payers in the Indian market (1.86%).


Stability and Growth of Payments

Stable Dividend: 533274's dividend payments have been volatile in the past 10 years.

Growing Dividend: 533274's dividend payments have increased over the past 10 years.


Earnings Payout to Shareholders

Earnings Coverage: With its low payout ratio (5.2%), 533274's dividend payments are thoroughly covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: 533274 is paying a dividend but the company has no free cash flows.


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Management

How experienced are the management team and are they aligned to shareholders interests?

6.3yrs

Average management tenure


CEO

Venkat Konanki (43 yo)

4.92yrs

Tenure

₹11,950,000

Compensation

Mr. Venkata Narayana Konanki, also known as Venkat, has been Chief Executive Officer of Prestige Estates Projects Limited since August 14, 2017. Mr. Konanki served as the Chief Financial Officer and Execut...


Leadership Team

Experienced Management: 533274's management team is seasoned and experienced (6.3 years average tenure).


Board Members

Experienced Board: 533274's board of directors are seasoned and experienced ( 12.7 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 not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Prestige Estates Projects Limited's 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
  • Implied Market Cap: ₹155.534b
  • 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


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/07/03 00:00
End of Day Share Price2022/07/01 00:00
Earnings2022/03/31
Annual Earnings2022/03/31


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.