1Assistant Professor, Department of Management Studies, University of Delhi, Delhi, 110007, India
2Research Scholar, Faculty of Management Studies, University of Delhi, Delhi, 110007, India
Online published on 11 December, 2015.
The objective of the papers is to do the valuation of HUL. The data was collected from the various annual reports of HUL. The valuation of the company was done through Discounted cash flows method (DCF), EBIDTA multiple and P/E multiple. The paper concludes that the fair value of HUL share is calculated by taking the simple average of all the three methods. It was observed that share price calculated with the help of DCF and EBIDTA multiple methods are much higher than the ruling market price. The share price calculated from P/E multiple method turns out to be much lower than the market price. As the average of the three method gives the fair value of the HUL share and it is close to the ruling market price.
Valuation, DCF, EV/EBITDA, P/E multiple
