HCL Technologies Ltd
NSE:HCLTECH

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HCL Technologies Ltd Logo
HCL Technologies Ltd
NSE:HCLTECH
Watchlist
Price: 1 578.2 INR -0.54% Market Closed
Market Cap: 4.3T INR
Section:
Relative Value
Relative Value
Valuation Multiples
Multiples Across Competitors
See Also

Relative Value

The Relative Value of one HCLTECH stock under the Base Case scenario is 1 714.33 INR. Compared to the current market price of 1 578.2 INR, HCL Technologies Ltd is Undervalued by 8%.

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.

HCLTECH Relative Value
Base Case
1 714.33 INR
Undervaluation 8%
Relative Value
Price
Worst Case
Base Case
Best Case

Valuation Multiples

3.7
P/S
P/S
Price to Sales
3.7
vs History
26
vs Industry
31
Median 3Y
3.3
Median 5Y
3.2
Industry
2.3
Forward
3.4
More Details
24.6
P/E
P/E
Price to Earnings
24.6
vs History
30
vs Industry
24
Median 3Y
22.1
Median 5Y
21.5
Industry
22.1
Forward
22.5
More Details
19.2
P/OCF
P/OCF
Price to OCF
19.2
vs History
17
vs Industry
27
Median 3Y
17.8
Median 5Y
16.1
Industry
16.7
More Details
21.9
P/FCFE
P/FCFE
Price to FCFE
21.9
vs History
31
vs Industry
26
Median 3Y
21.4
Median 5Y
19.3
Industry
20.9
More Details
6.2
P/B
P/B
Price to Book Value
6.2
vs History
14
vs Industry
18
Median 3Y
5.1
Median 5Y
4.8
Industry
2.8
More Details
3.5
EV/S
EV/S
Enterprise Value to Sales
3.5
vs History
26
vs Industry
32
Median 3Y
3.1
Median 5Y
3
Industry
2.3
Forward
3.2
More Details
4
EV/GP
EV/GP
Enterprise Value to Gross Profit
4
vs History
26
vs Industry
46
Median 3Y
3.7
Median 5Y
3.6
Industry
4.6
More Details
15.8
EV/EBITDA
EV/EBITDA
Enterprise Value to EBITDA
15.8
vs History
19
vs Industry
26
Median 3Y
13.8
Median 5Y
13
Industry
12.2
Forward
14
More Details
18.9
EV/EBIT
EV/EBIT
Enterprise Value to EBIT
18.9
vs History
22
vs Industry
24
Median 3Y
17.3
Median 5Y
16.1
Industry
15.7
Forward
16.5
More Details
18.2
EV/OCF
EV/OCF
Enterprise Value to OCF
18.2
vs History
22
vs Industry
28
Median 3Y
16.9
Median 5Y
15.4
Industry
15.1
More Details
19.1
EV/FCFF
EV/FCFF
Enterprise Value to FCFF
19.1
vs History
26
vs Industry
26
Median 3Y
18.6
Median 5Y
16.7
Industry
18.1
More Details
5.9
EV/IC
EV/IC
Enterprise Value to IC
5.9
vs History
12
vs Industry
17
Median 3Y
4.4
Median 5Y
4.2
Industry
2.3
More Details

Multiples Across Competitors

HCLTECH Competitors Multiples
HCL Technologies Ltd Competitors

All Multiples
P/S
P/E
EV/EBITDA
EV/EBIT
Market Cap P/S P/E EV/EBITDA EV/EBIT
IN
HCL Technologies Ltd
NSE:HCLTECH
4.3T INR 3.7 24.6 15.8 18.9
FR
Atos SE
PAR:ATO
6.7T EUR 695.4 26 853.8 9 227.6 43 261.9
US
International Business Machines Corp
NYSE:IBM
215.3B USD 3.4 39.3 17.5 27.6
IE
Accenture PLC
NYSE:ACN
183.9B USD 2.7 23.9 14.3 17.4
IN
Tata Consultancy Services Ltd
NSE:TCS
12.5T INR 4.9 25.7 17.7 19.2
IN
Infosys Ltd
NSE:INFY
6.1T INR 3.8 23 14.8 16.9
JP
Fujitsu Ltd
TSE:6702
5.5T JPY 1.5 24.9 12.5 20.1
US
Cognizant Technology Solutions Corp
NASDAQ:CTSH
35.7B USD 1.8 15.9 9.6 11.4
US
Gartner Inc
NYSE:IT
32.2B USD 5.1 25.7 23.9 28
JP
NEC Corp
TSE:6701
4.3T JPY 1.3 22.8 10.2 17.2
IN
Wipro Ltd
NSE:WIPRO
2.5T INR 2.8 19.2 11.8 14.1
EV/EBITDA Multiple
EBITDA Growth EV/EBITDA to Growth
IN
HCL Technologies Ltd
NSE:HCLTECH
Average EV/EBITDA: 852.4
15.8
10%
1.6
FR
Atos SE
PAR:ATO
9 227.6
N/A N/A
US
International Business Machines Corp
NYSE:IBM
17.5
11%
1.6
IE
Accenture PLC
NYSE:ACN
14.3
8%
1.8
IN
Tata Consultancy Services Ltd
NSE:TCS
17.7
9%
2
IN
Infosys Ltd
NSE:INFY
14.8
11%
1.3
JP
Fujitsu Ltd
TSE:6702
12.5
N/A N/A
US
Cognizant Technology Solutions Corp
NASDAQ:CTSH
9.6
8%
1.2
US
Gartner Inc
NYSE:IT
23.9
13%
1.8
JP
NEC Corp
TSE:6701
10.2
10%
1
IN
Wipro Ltd
NSE:WIPRO
11.8
9%
1.3
EV/EBIT Multiple
EBIT Growth EV/EBIT to Growth
IN
HCL Technologies Ltd
NSE:HCLTECH
Average EV/EBIT: 3 950.2
18.9
11%
1.7
FR
Atos SE
PAR:ATO
43 261.9
38%
1 138.5
US
International Business Machines Corp
NYSE:IBM
27.6
13%
2.1
IE
Accenture PLC
NYSE:ACN
17.4
8%
2.2
IN
Tata Consultancy Services Ltd
NSE:TCS
19.2
9%
2.1
IN
Infosys Ltd
NSE:INFY
16.9
13%
1.3
JP
Fujitsu Ltd
TSE:6702
20.1
N/A N/A
US
Cognizant Technology Solutions Corp
NASDAQ:CTSH
11.4
8%
1.4
US
Gartner Inc
NYSE:IT
28
13%
2.2
JP
NEC Corp
TSE:6701
17.2
16%
1.1
IN
Wipro Ltd
NSE:WIPRO
14.1
10%
1.4

See Also

Summary
HCLTECH intrinsic value, competitors valuation, and company profile.
DCF Valuation
HCLTECH stock valuation using Discount Cash Flow valuation method.
Relative Valuation
HCLTECH stock valuation using valuation multiples.
Wall Street Estimates
HCLTECH 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
HCLTECH 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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