Dredging Corporation of India Ltd (NSE:DREDGECORP)

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Price: 845.8 INR 0.14%

Market Cap: 23.7B INR

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Section:

Relative Value

The Relative Value of one DREDGECORP stock under the Base Case scenario is 510.58 INR. Compared to the current market price of 845.8 INR, Dredging Corporation of India Ltd is Overvalued by 40%.

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.

What is Relative Valuation?

How is Relative Value calculated?

DREDGECORP Relative Value

Base Case

Worst Case

Base Case

Best Case

Valuation Multiples

2.6

P/S

vs History	6
vs Industry	23

Median 5Y

1.2

Industry

2.1

More Details

Negative

P/E

vs History
vs Industry	1

Median 5Y

21.7

Industry

14.1

More Details

P/OCF

vs History	15
vs Industry	13

Median 5Y

5.5

Industry

7.6

More Details

837.4

P/FCFE

vs History	3
vs Industry	3

Median 5Y

-15.8

Industry

13.6

More Details

P/B

vs History	6
vs Industry	13

Median 5Y

0.7

Industry

1.3

More Details

EV/S

vs History	3
vs Industry	33

Median 5Y

1.3

Industry

2.8

More Details

4.1

EV/GP

vs History	17
vs Industry	63

Median 5Y

Industry

7.5

More Details

26.9

EV/EBITDA

vs History	17
vs Industry	23

Median 5Y

6.5

Industry

10.1

More Details

Negative

EV/EBIT

vs History
vs Industry	5

Median 5Y

13.5

Industry

12.5

More Details

11.6

EV/OCF

vs History	12
vs Industry	18

Median 5Y

5.6

Industry

9.8

More Details

Negative

EV/FCFF

vs History
vs Industry

Median 5Y

-16.5

Industry

15.8

More Details

1.2

EV/IC

vs History	9
vs Industry	14

Median 5Y

0.6

Industry

More Details

Multiples Across Competitors

All Multiples

P/S

P/E

EV/EBITDA

EV/EBIT

Forward Multiples

			Market Cap	P/S	P/E	EV/EBITDA	EV/EBIT
IN		Dredging Corporation of India Ltd NSE:DREDGECORP	23.7B INR	2.6	-38.7	26.9	-58.6
IN		Adani Ports and Special Economic Zone Ltd NSE:ADANIPORTS	2.6T INR	9.2	26	17.1	22.5
CN		Shanghai International Port Group Co Ltd SSE:600018	141.8B CNY	3.6	10.4	15.4	15.4
PH	I	International Container Terminal Services Inc XPHS:ICT	809.5B PHP	5.2	21.7	10.2	12.4
CN		Ningbo Zhoushan Port Co Ltd SSE:601018	74.5B CNY	2.6	15.7	15.1	15.1
ZA	G	Grindrod Ltd JSE:GND	8.1B Zac	0	0	0	0
CN		Qingdao Port International Co Ltd SSE:601298	54.9B CNY	3	10.8	9.2	9.2
HK		China Merchants Port Holdings Co Ltd HKEX:144	55.4B HKD	4.8	7.6	13.7	13.7
CN		China Merchants Port Group Co Ltd SZSE:001872	52B CNY	3.2	12.5	16.7	16.7
AU		Qube Holdings Ltd ASX:QUB	7B AUD	2.1	31.6	27.6	27.6
CN		Liaoning Port Co Ltd SSE:601880	31.1B CNY	2.7	25.6	17.9	17.9

				Revenue Growth	P/S to Growth
IN		Dredging Corporation of India Ltd NSE:DREDGECORP	Average P/S: 3.9 2.6	N/A	N/A
IN		Adani Ports and Special Economic Zone Ltd NSE:ADANIPORTS	9.2	52%	0.2
CN		Shanghai International Port Group Co Ltd SSE:600018	3.6	15%	0.2
PH	I	International Container Terminal Services Inc XPHS:ICT	5.2	31%	0.2
CN		Ningbo Zhoushan Port Co Ltd SSE:601018	2.6	N/A	N/A
ZA	G	Grindrod Ltd JSE:GND	Not Available	19%	N/A
CN		Qingdao Port International Co Ltd SSE:601298	3	14%	0.2
HK		China Merchants Port Holdings Co Ltd HKEX:144	4.8	16%	0.3
CN		China Merchants Port Group Co Ltd SZSE:001872	3.2	25%	0.1
AU		Qube Holdings Ltd ASX:QUB	2.1	37%	0.1
CN		Liaoning Port Co Ltd SSE:601880	2.7	N/A	N/A

				Earnings Growth	P/E to Growth
IN		Dredging Corporation of India Ltd NSE:DREDGECORP	Average P/E: 18 Negative Multiple: -38.7	N/A	N/A
IN		Adani Ports and Special Economic Zone Ltd NSE:ADANIPORTS	26	78%	0.3
CN		Shanghai International Port Group Co Ltd SSE:600018	10.4	16%	0.7
PH	I	International Container Terminal Services Inc XPHS:ICT	21.7	105%	0.2
CN		Ningbo Zhoushan Port Co Ltd SSE:601018	15.7	N/A	N/A
ZA	G	Grindrod Ltd JSE:GND	Not Available	44%	N/A
CN		Qingdao Port International Co Ltd SSE:601298	10.8	25%	0.4
HK		China Merchants Port Holdings Co Ltd HKEX:144	7.6	18%	0.4
CN		China Merchants Port Group Co Ltd SZSE:001872	12.5	24%	0.5
AU		Qube Holdings Ltd ASX:QUB	31.6	52%	0.6
CN		Liaoning Port Co Ltd SSE:601880	25.6	N/A	N/A

				EBITDA Growth	EV/EBITDA to Growth
IN		Dredging Corporation of India Ltd NSE:DREDGECORP	Average EV/EBITDA: 17 26.9	N/A	N/A
IN		Adani Ports and Special Economic Zone Ltd NSE:ADANIPORTS	17.1	54%	0.3
CN		Shanghai International Port Group Co Ltd SSE:600018	15.4	77%	0.2
PH	I	International Container Terminal Services Inc XPHS:ICT	10.2	37%	0.3
CN		Ningbo Zhoushan Port Co Ltd SSE:601018	15.1	N/A	N/A
ZA	G	Grindrod Ltd JSE:GND	Not Available	45%	N/A
CN		Qingdao Port International Co Ltd SSE:601298	9.2	99%	0.1
HK		China Merchants Port Holdings Co Ltd HKEX:144	13.7	21%	0.7
CN		China Merchants Port Group Co Ltd SZSE:001872	16.7	286%	0.1
AU		Qube Holdings Ltd ASX:QUB	27.6	124%	0.2
CN		Liaoning Port Co Ltd SSE:601880	17.9	N/A	N/A

				EBIT Growth	EV/EBIT to Growth
IN		Dredging Corporation of India Ltd NSE:DREDGECORP	Average EV/EBIT: 16.8 Negative Multiple: -58.6	N/A	N/A
IN		Adani Ports and Special Economic Zone Ltd NSE:ADANIPORTS	22.5	59%	0.4
CN		Shanghai International Port Group Co Ltd SSE:600018	15.4	1%	10.9
PH	I	International Container Terminal Services Inc XPHS:ICT	12.4	45%	0.3
CN		Ningbo Zhoushan Port Co Ltd SSE:601018	15.1	N/A	N/A
ZA	G	Grindrod Ltd JSE:GND	Not Available	61%	N/A
CN		Qingdao Port International Co Ltd SSE:601298	9.2	N/A	N/A
HK		China Merchants Port Holdings Co Ltd HKEX:144	13.7	31%	0.4
CN		China Merchants Port Group Co Ltd SZSE:001872	16.7	181%	0.1
AU		Qube Holdings Ltd ASX:QUB	27.6	40%	0.7
CN		Liaoning Port Co Ltd SSE:601880	17.9	N/A	N/A

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CN	Alibaba Group Holding Ltd NYSE:BABA	Retail
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US	Coca-Cola Co NYSE:KO	Beverages
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Dredging Corporation of India Ltd
NSE:DREDGECORP

Relative Value

Valuation Multiples

Multiples Across Competitors

DREDGECORP Competitors Multiples
Dredging Corporation of India Ltd Competitors

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52 Week Range	589.7 1 438.4
Price Target

Dredging Corporation of India Ltd NSE:DREDGECORP

Relative Value

Valuation Multiples

Multiples Across Competitors

DREDGECORP Competitors Multiples Dredging Corporation of India Ltd Competitors

See Also

Company

Help

Tools

Stocks

Dredging Corporation of India Ltd
NSE:DREDGECORP

DREDGECORP Competitors Multiples
Dredging Corporation of India Ltd Competitors