Bharat Electronics Ltd
NSE:BEL

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Bharat Electronics Ltd Logo
Bharat Electronics Ltd
NSE:BEL
Watchlist
Price: 297.6 INR -2.65% Market Closed
Market Cap: 2.2T INR
Section:
Relative Value
Relative Value
Valuation Multiples
Multiples Across Competitors
See Also

Relative Value

The Relative Value of one BEL stock under the Base Case scenario is 257.81 INR. Compared to the current market price of 297.6 INR, Bharat Electronics Ltd is Overvalued by 13%.

Relative Value is the estimated value of a stock based on various valuation multiples like P/E and EV/EBIT ratios. It offers a quick snapshot of a stock's valuation in relation to its peers and historical norms.

BEL Relative Value
Base Case
257.81 INR
Overvaluation 13%
Relative Value
Price
Worst Case
Base Case
Best Case

Valuation Multiples

9.4
P/S
P/S
Price to Sales
9.4
vs History
9
vs Industry
23
Median 3Y
5.6
Median 5Y
4
Industry
3.8
Forward
9
More Details
43.6
P/E
P/E
Price to Earnings
43.6
vs History
11
vs Industry
26
Median 3Y
30.4
Median 5Y
24.8
Industry
32.4
Forward
44.1
More Details
108.5
P/OCF
P/OCF
Price to OCF
108.5
vs History
1
vs Industry
7
Median 3Y
59.5
Median 5Y
23.5
Industry
21.1
More Details
185.3
P/FCFE
P/FCFE
Price to FCFE
185.3
vs History
11
vs Industry
8
Median 3Y
120.2
Median 5Y
27.9
Industry
27.9
More Details
12.3
P/B
P/B
Price to Book Value
12.3
vs History
7
vs Industry
8
Median 3Y
6.9
Median 5Y
5.5
Industry
3.5
More Details
9
EV/S
EV/S
Enterprise Value to Sales
9
vs History
9
vs Industry
21
Median 3Y
5.1
Median 5Y
3.5
Industry
3.6
Forward
8.7
More Details
18.4
EV/GP
EV/GP
Enterprise Value to Gross Profit
18.4
vs History
9
vs Industry
29
Median 3Y
11.1
Median 5Y
8
Industry
12.2
More Details
33.2
EV/EBITDA
EV/EBITDA
Enterprise Value to EBITDA
33.2
vs History
11
vs Industry
22
Median 3Y
21.1
Median 5Y
15.5
Industry
20.1
Forward
33.5
More Details
35.7
EV/EBIT
EV/EBIT
Enterprise Value to EBIT
35.7
vs History
11
vs Industry
25
Median 3Y
23.5
Median 5Y
17.4
Industry
26.5
Forward
34.7
More Details
104.2
EV/OCF
EV/OCF
Enterprise Value to OCF
104.2
vs History
1
vs Industry
8
Median 3Y
52.6
Median 5Y
21.4
Industry
22.3
More Details
176.6
EV/FCFF
EV/FCFF
Enterprise Value to FCFF
176.6
vs History
11
vs Industry
3
Median 3Y
103.6
Median 5Y
25.3
Industry
29.7
More Details
7.5
EV/IC
EV/IC
Enterprise Value to IC
7.5
vs History
7
vs Industry
13
Median 3Y
3.7
Median 5Y
2.6
Industry
2.5
More Details

Multiples Across Competitors

BEL Competitors Multiples
Bharat Electronics Ltd Competitors

All Multiples
P/S
P/E
EV/EBITDA
EV/EBIT
Market Cap P/S P/E EV/EBITDA EV/EBIT
IN
Bharat Electronics Ltd
NSE:BEL
2.2T INR 9.4 43.6 33.2 35.7
US
Raytheon Technologies Corp
NYSE:RTX
167.3B USD 2 36.4 19 32.3
US
RTX Corp
LSE:0R2N
160.6B USD 2 34.9 18.4 31.3
US
Boeing Co
NYSE:BA
133.3B USD 2 -11.2 -17.8 -14.7
NL
Airbus SE
PAR:AIR
110.8B EUR 1.6 26.2 13.9 21.9
US
Lockheed Martin Corp
NYSE:LMT
111.3B USD 1.5 20.2 14.3 17.4
FR
Safran SA
PAR:SAF
92.1B EUR 3.3 -138 16.6 22.4
UK
Rolls-Royce Holdings PLC
LSE:RR
64.2B GBP 3.4 25.5 19.4 26.8
US
TransDigm Group Inc
NYSE:TDG
77B USD 9.4 46.8 23.8 25.8
US
General Dynamics Corp
NYSE:GD
73.5B USD 1.5 19.4 14 16.6
DE
Rheinmetall AG
XETRA:RHM
60.2B EUR 6.2 84 33.7 43.4
P/E Multiple
Earnings Growth PEG
IN
Bharat Electronics Ltd
NSE:BEL
Average P/E: 37.4
43.6
19%
2.3
US
Raytheon Technologies Corp
NYSE:RTX
36.4
28%
1.3
US
RTX Corp
LSE:0R2N
34.9
28%
1.2
US
Boeing Co
NYSE:BA
Negative Multiple: -11.2 N/A N/A
NL
Airbus SE
PAR:AIR
26.2
22%
1.2
US
Lockheed Martin Corp
NYSE:LMT
20.2
12%
1.7
FR
Safran SA
PAR:SAF
Negative Multiple: -138 N/A N/A
UK
Rolls-Royce Holdings PLC
LSE:RR
25.5
3%
8.5
US
TransDigm Group Inc
NYSE:TDG
46.8
24%
2
US
General Dynamics Corp
NYSE:GD
19.4
10%
1.9
DE
Rheinmetall AG
XETRA:RHM
84
56%
1.5
EV/EBITDA Multiple
EBITDA Growth EV/EBITDA to Growth
IN
Bharat Electronics Ltd
NSE:BEL
Average EV/EBITDA: 20.6
33.2
18%
1.8
US
Raytheon Technologies Corp
NYSE:RTX
19
17%
1.1
US
RTX Corp
LSE:0R2N
18.4
17%
1.1
US
Boeing Co
NYSE:BA
Negative Multiple: -17.8 N/A N/A
NL
Airbus SE
PAR:AIR
13.9
20%
0.7
US
Lockheed Martin Corp
NYSE:LMT
14.3
10%
1.4
FR
Safran SA
PAR:SAF
16.6
13%
1.3
UK
Rolls-Royce Holdings PLC
LSE:RR
19.4
12%
1.6
US
TransDigm Group Inc
NYSE:TDG
23.8
13%
1.8
US
General Dynamics Corp
NYSE:GD
14
8%
1.8
DE
Rheinmetall AG
XETRA:RHM
33.7
36%
0.9
EV/EBIT Multiple
EBIT Growth EV/EBIT to Growth
IN
Bharat Electronics Ltd
NSE:BEL
Average EV/EBIT: 27.4
35.7
20%
1.8
US
Raytheon Technologies Corp
NYSE:RTX
32.3
27%
1.2
US
RTX Corp
LSE:0R2N
31.3
27%
1.2
US
Boeing Co
NYSE:BA
Negative Multiple: -14.7 N/A N/A
NL
Airbus SE
PAR:AIR
21.9
28%
0.8
US
Lockheed Martin Corp
NYSE:LMT
17.4
12%
1.5
FR
Safran SA
PAR:SAF
22.4
17%
1.3
UK
Rolls-Royce Holdings PLC
LSE:RR
26.8
15%
1.8
US
TransDigm Group Inc
NYSE:TDG
25.8
12%
2.2
US
General Dynamics Corp
NYSE:GD
16.6
9%
1.8
DE
Rheinmetall AG
XETRA:RHM
43.4
39%
1.1

See Also

Summary
BEL intrinsic value, competitors valuation, and company profile.
DCF Valuation
BEL stock valuation using Discount Cash Flow valuation method.
Relative Valuation
BEL stock valuation using valuation multiples.
Wall Street Estimates
BEL price targets and financial estimates made by Wall st analysts.
Profitability Analysis
Detailed analysis of the company's profitability.
Solvency Analysis
Analysis of the financial position and solvency of the company.
Financials
Income Statement, Balance Sheet, Cash Flow Statement.
Discount Rate
BEL stock discount rate: cost of equity and WACC.
Summary
DCF Valuation
Relative Valuation
Wall Street Estimates
Profitability Analysis
Solvency Analysis
Financials
Discount Rate
Discover More
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