Risk , price and valuations of Jet Airways (India) Ltd.

Year 31_Mar_18 31_Mar_17 31_Mar_16 31_Mar_15 31_Mar_14 31_Mar_13 31_Mar_12 31_Mar_11 31_Mar_10 31_Mar_09 31_Mar_08 31_Mar_07 31_Mar_06 31_Mar_05

Market cap 6923.92 6012.51 6183.59 5542.4 2779.6 4451.81 2787.03 3933.98 4149.3 1454.12 4876.49 5491.36 8526.0 10546.3

Dividend Yield 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.01 0.01 0.0

Earning Yield -0.11 0.06 0.19 -0.33 -1.32 -0.11 -0.44 0.0 -0.11 -0.28 -0.05 0.01 0.05 0.04

Account Cost of Debit 0.1003 0.0924 0.0803 0.0743 0.0954 0.0995 0.074 0.0827 0.0715 0.0452 0.041 0.0397 0.0494 0.0856

Cost of Equity (CAPM Model) 0.209233 0.224165 0.239695 0.228944 0.224763 0.224165 0.214011 0.207441 0.199676 0.19577 0.172547 0.168007 0.131494 0.0

Credit/Default Spread 0.12 0.07 0.05 0.12 0.12 0.1 0.12 0.08 0.1 0.12 0.12 0.08 0.0275 0.0325

Levered Beta 1.6 1.85 2.11 1.93 1.86 1.85 1.68 1.57 1.44 1.3746 0.9858 0.9098 0.2985 0.0

PEG (Price by earning To Growth) 0.0 -0.23 0.03 0.0 0.0 0.0 0.0 3.98 0.0 0.0 0.0 -2.09 1.26 0.0

PBV (Price To Book Value) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 4.7 5.02 1.12 2.63 2.61 3.98 6.02

PE (Price To earning) 0.0 15.4 5.27 0.0 0.0 0.0 0.0 405.98 0.0 0.0 0.0 196.54 18.86 26.9

PS (Price to Sales - Revenue) 0.3 0.28 0.29 0.28 0.16 0.26 0.19 0.31 0.4 0.13 0.55 0.78 1.51 2.43

Weight to debt (WACC) 0.5483 0.6021 0.6362 0.6823 0.7899 0.7165 0.8248 0.7748 0.7701 0.9182 0.7113 0.5245 0.3648 0.2194

Weight of equity (WACC) 0.4517 0.3979 0.3638 0.3177 0.2101 0.2835 0.1752 0.2252 0.2299 0.0818 0.2887 0.4755 0.6352 0.7806

WACC (Wighted cost of Capital) 0.1727 0.154 0.1468 0.1701 0.1599 0.1557 0.1552 0.1356 0.145 0.1245 0.124 0.13 0.1142 0.0

PCFO (Price to cash Flow from Operations) 4.08 6.26 2.44 10.5 3.02 2.42 1.24 2.98 2.51 0.0 5.65 7.99 14.04 7.78

Enterprice value 13966.5 13571.8 15518.8 15376.5 12082.5 14863.7 15407.8 16882.5 17273.4 16383.2 16036.4 10451.0 11317.3 12286.9