Faze Three Limited (FAZE3Q.NS) Valuation

Valuation

Model-based estimates, not advice. The DCF is the discounted-cash-flow value per share; compare it with the price, not as a target.

DCF fair value

-321.0%

-₹955.29

vs ₹432.35 price

Levered DCF

-₹1,088.56

After debt service

Piotroski score

6 / 9

Average

Altman Z-score

—

Rating

C-

Overall 1 / 5

Ratios by fiscal year

Margins and yields are shares of revenue, equity or price; multiples are ×.

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
P/E	27.39×	21.26×	20.4×	13.2×	14.6×	29.9×	41.09×	49.52×
P/B	2.03×	2.06×	2.5×	2.3×	2.68×	3.3×	3.7×	4.03×
P/S	1×	1.25×	1.68×	1.45×	1.56×	2.43×	2.67×	2.99×
EV / EBITDA	14.31×	11.36×	11.5×	8.82×	10.45×	16.97×	22.44×	26.79×
Gross margin	30.4%	50.4%	18.6%	46.2%	44.0%	44.5%	42.9%	13.9%
Operating margin	5.6%	8.0%	14.3%	16.8%	15.6%	13.0%	9.3%	11.0%
Net margin	3.6%	5.9%	8.3%	11.0%	10.7%	8.1%	6.5%	6.0%
Current ratio	1.26×	1.42×	1.65×	1.63×	1.57×	1.73×	1.94×	1.73×
Debt / equity	0.61×	0.46×	0.45×	0.52×	0.6×	0.46×	0.33×	0.36×
Interest coverage	2.66×	3.81×	3.73×	5.93×	9.59×	7.04×	3.01×	4.07×
Dividend yield	0.0%	0.0%	0.0%	0.2%	0.0%	0.0%	0.2%	0.2%
Payout ratio	0.0%	0.0%	0.0%	2.1%	0.0%	0.0%	8.1%	9.8%

Key metrics by fiscal year

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
Return on equity	7.4%	9.7%	12.2%	17.4%	18.4%	11.0%	9.0%	8.1%
Return on invested capital	5.6%	6.9%	10.8%	13.0%	11.8%	8.5%	8.3%	9.2%
Return on assets	4.1%	5.9%	7.9%	10.7%	10.5%	7.0%	6.4%	5.6%
Free cash flow yield	-8.9%	-9.3%	-2.4%	7.2%	-5.3%	-0.7%	2.8%	3.5%
Earnings yield	3.7%	4.7%	4.9%	7.6%	6.9%	3.3%	2.4%	2.0%
Enterprise value	₹11.8B	₹10.5B	₹10.8B	₹8.8B	₹9.1B	₹8.5B	₹8B	₹8B
Net debt / EBITDA	3.18×	1.99×	1.42×	1.12×	1.86×	2.02×	1.44×	1.87×
Cash conversion cycle (days)	133	216	145	149	198	204	181	165