Tata Teleservices (Maharashtra) Valuation

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

TTML (₹79.17) is trading above our estimate of [[fair value]] (₹33.1)

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

Valuation Score

0/6

Valuation Score 0/6

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 TTML when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: TTML (₹79.17) is trading above our estimate of fair value (₹33.1)

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

Key Valuation Metric

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

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

The above table shows the Price to Sales ratio for TTML. This is calculated by dividing TTML's market cap by their current revenue.
What is TTML's PS Ratio?
PS Ratio	12x
Sales	₹12.86b
Market Cap	₹154.69b

TTML 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	27.4x
Enterprise Value/EBITDA	69.4x
PEG Ratio	n/a

Price to Sales Ratio vs Peers

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

The above table shows the PS ratio for TTML 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	2.9x
HFCL HFCL	4.2x	n/a	₹192.1b
TATACOMM Tata Communications	2.2x	9.0%	₹497.4b
GTLINFRA GTL Infrastructure	2x	n/a	₹27.0b
INDUSTOWER Indus Towers	3.1x	6.7%	₹918.6b
TTML Tata Teleservices (Maharashtra)	12x	n/a	₹154.7b

Price-To-Sales vs Peers: TTML is expensive based on its Price-To-Sales Ratio (12x) compared to the peer average (2.9x).

Price to Sales Ratio vs Industry

How does TTML's PS Ratio compare vs other companies in the Asian Telecom Industry?

15 Companies	Price / Sales	Estimated Growth	Market Cap

15 Companies		Estimated Growth	Market Cap

No more companies

Price-To-Sales vs Industry: TTML is expensive based on its Price-To-Sales Ratio (12x) compared to the Asian Telecom industry average (1.9x).

Price to Sales Ratio vs Fair Ratio

What is TTML'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.

TTML PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio	12x
Fair PS Ratio	n/a

Price-To-Sales vs Fair Ratio: Insufficient data to calculate TTML's Price-To-Sales Fair Ratio for valuation analysis.

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.