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Asian Paints Ltd
NSE:ASIANPAINT

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Asian Paints Ltd
NSE:ASIANPAINT
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Price: 2 444.5 INR -0.11% Market Closed
Market Cap: ₹2.3T

P/FCFE

48
Current
55%
Cheaper
vs 3-y average of 106

Price to Free Cash Flow to Equity (P/FCFE) ratio compares a company`s market value to the free cash flow available to its shareholders. It`s similar to the P/OCF ratio but more precise, since it accounts for capital expenditures deducted from operating cash flow.

P/FCFE
48
=
Market Cap
₹2.3T
/
Free Cash Flow to Equity
₹48.6B

Price to Free Cash Flow to Equity (P/FCFE) ratio compares a company`s market value to the free cash flow available to its shareholders. It`s similar to the P/OCF ratio but more precise, since it accounts for capital expenditures deducted from operating cash flow.

P/FCFE
48
=
Market Cap
₹2.3T
/
Free Cash Flow to Equity
₹48.6B

Valuation Scenarios

Asian Paints Ltd is trading below its 3-year average

If P/FCFE returns to its 3-Year Average (106), the stock would be worth ₹5 395.74 (121% upside from current price).

Statistics
Positive Scenarios
4/4
Maximum Downside
No Downside Scenarios
Maximum Upside
+146%
Average Upside
78%
Scenario P/FCFE Value Implied Price Upside/Downside
Current Multiple 48 ₹2 444.5
0%
3-Year Average 106 ₹5 395.74
+121%
5-Year Average 118.4 ₹6 024.76
+146%
Industry Average 68.4 ₹3 481.22
+42%
Country Average 49.7 ₹2 531.37
+4%

Forward P/FCFE
Today’s price vs future free cash flow to equity

Not enough data available to calculate forward P/FCFE

Peer Comparison

All Multiples
P/FCFE
P/E
All Countries
Close
Market Cap P/FCFE P/E
IN
Asian Paints Ltd
NSE:ASIANPAINT
2.3T INR 48 60.8
JP
Shin-Etsu Chemical Co Ltd
TSE:4063
13.2T JPY 22.7 27.8
US
Sherwin-Williams Co
NYSE:SHW
78.8B USD 23.9 30.7
US
Ecolab Inc
NYSE:ECL
73.2B USD 34.4 35.3
JP
Yasuhara Chemical Co Ltd
TSE:4957
10.8T JPY -68 10.5
CN
Wanhua Chemical Group Co Ltd
SSE:600309
280.3B CNY 16.5 21.3
CH
Givaudan SA
SIX:GIVN
25.7B CHF 32.8 24
DK
Novozymes A/S
CSE:NZYM B
165.6B DKK 59.7 54.8
US
PPG Industries Inc
NYSE:PPG
24B USD 12.6 15.2
CH
Sika AG
F:SIKA
19.9B EUR 20 17.5
US
Albemarle Corp
NYSE:ALB
22.8B USD 3 976.3 -33.7
P/E Multiple
Earnings Growth PEG
IN
Asian Paints Ltd
NSE:ASIANPAINT
Average P/E: 29.8
60.8
15%
4.1
JP
Shin-Etsu Chemical Co Ltd
TSE:4063
27.8
N/A N/A
US
Sherwin-Williams Co
NYSE:SHW
30.7
14%
2.2
US
Ecolab Inc
NYSE:ECL
35.3
14%
2.5
JP
Y
Yasuhara Chemical Co Ltd
TSE:4957
10.5
N/A N/A
CN
Wanhua Chemical Group Co Ltd
SSE:600309
21.3
10%
2.1
CH
Givaudan SA
SIX:GIVN
24
6%
4
DK
Novozymes A/S
CSE:NZYM B
54.8
N/A N/A
US
PPG Industries Inc
NYSE:PPG
15.2
10%
1.5
CH
Sika AG
F:SIKA
17.5
8%
2.2
US
Albemarle Corp
NYSE:ALB
Negative Multiple: -33.7 N/A N/A

Market Distribution

In line with most companies in India
Percentile
49th
Based on 1 683 companies
49th percentile
48
Low
0.6 — 27.4
Typical Range
27.4 — 92
High
92 —
Distribution Statistics
India
Min 0.6
30th Percentile 27.4
Median 49.7
70th Percentile 92
Max 57 010.1

Asian Paints Ltd
Glance View

Asian Paints Ltd., a stalwart in the realm of decorative and industrial coatings, traces its origins back to 1942 when four friends embarked on a journey to establish a paint company amidst the turmoil of a world war. From these humble beginnings, it flourished into a leading force in the paint industry, serving not just India but an expansive global market. The company's core business revolves around manufacturing and selling a diverse range of paints and coatings for residential, commercial, and industrial applications. By focusing on the needs and preferences of local markets, Asian Paints has carved a niche with products spanning basic enamels to advanced waterproofing solutions and textured finishes, catering to the aesthetic demands of modern consumers. As a master of branding and distribution, it has developed a wide-reaching network supported by innovative digital tools, enabling it to maintain a strong foothold even in the most remote markets. The company's business model pivots on a deft combination of manufacturing excellence, operational efficiency, and an unwavering emphasis on innovation and customer satisfaction. Asian Paints thrives by making its products desirable and accessible, ensuring that its extensive portfolio meets a full spectrum of consumer needs from economy to premium segments. Their robust supply chain, meticulous logistics, and strategic partnerships with retailers create a seamless path from factories to customers. Additionally, Asian Paints has embraced technological advancement by investing in research and development to stay at the cutting edge of eco-friendly solutions and smart products, positioning itself as a forward-thinking leader. With its strategic approach and adaptability, Asian Paints not only continues to enhance its market share but also reinforces its brand as synonymous with quality and trust in the ever-evolving landscape of the paint industry.

ASIANPAINT Intrinsic Value
1 039.88 INR
Overvaluation 57%
Intrinsic Value
Price ₹2 444.5
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