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Eternal Valuation Multiples

Discover revenue and EBITDA valuation multiples for Eternal and similar public comparables like Delivery Hero, VL E-Governance, and Just Eat Takeaway.com.

Eternal Overview

About Eternal

Eternal Ltd, formerly Zomato Ltd is an online food service platform. The customers use the platform to search and discover restaurants, read and write customer-generated reviews and view and upload photos, order food delivery, book a table, and make payments while dining out at restaurants. It also provides a platform for Restaurant partners and Brands to advertise themselves to the target audience in India and abroad and supplies high-quality ingredients to Restaurant partners. Its reportable segments include India food ordering and delivery; Hyperpure supplies, Quick commerce business, Going Out, and All other segments. The company generates maximum revenue from the India food ordering and delivery segment.


Founded

2010

HQ

India
Employees

4.0K+

Website

zomato.com

Financials

LTM Revenue $2.4B

LTM EBITDA $102M

EV

$22.6B

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Eternal Financials

Eternal has a last 12-month revenue of $2.4B and a last 12-month EBITDA of $102M.

In the most recent fiscal year, Eternal achieved revenue of $1.4B and an EBITDA of $103M.

Eternal expects next 12-month revenue of  XXX    and NTM EBITDA of  XXX

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Eternal P&L

FY 2023 FY 2024 FY 2025 LTM NTM
Revenue $817M $1.4B XXX XXX XXX
Gross Profit $418M $645M XXX XXX XXX
Gross Margin 51% 46% XXX XXX XXX
EBITDA -$61.8M $103M XXX XXX XXX
EBITDA Margin -8% 7% XXX XXX XXX
Net Profit -$140M -$113M XXX XXX XXX
Net Margin -17% -8% XXX XXX XXX
Net Debt n/a n/a XXX XXX XXX

Financial data powered by Morningstar, Inc.

Eternal Stock Performance

As of April 15, 2025, Eternal's stock price is INR 217 (or $3).

Eternal has current market cap of INR 1.97T (or $22.9B), and EV of INR 1.95T (or $22.6B).

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Eternal Stock Data

EV Market Cap Price 1D Price 1M Price 3M Price 12M EPS
$22.6B $22.9B XXX XXX XXX XXX $0.01

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Eternal Valuation Multiples

As of April 15, 2025, Eternal has market cap of $22.9B and EV of $22.6B.

Eternal's trades at 9.4x LTM EV/Revenue multiple, and 222.7x LTM EBITDA.

Analysts estimate Eternal's 2025E EV/Revenue multiple at  XXX and 2025E EV/EBITDA multiple at  XXX

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Eternal Financial Valuation Multiples

FY 2024 FY 2025E FY 2026E FY 2027E
EV $22.6B XXX XXX XXX
EV/Revenue 10.7x XXX XXX XXX
EV/EBITDA 228.2x XXX XXX XXX
P/E 356.9x XXX XXX XXX
P/E/Growth 3.1x XXX XXX XXX
EV/FCF 2940.2x XXX XXX XXX

Valuation data powered by FactSet, Inc. and Morningstar, Inc.

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Eternal Valuation Multiples

Eternal's NTM/LTM revenue growth is 49%

Eternal's revenue per employee for the last fiscal year averaged $0.4M, while opex per employee averaged $0.3M for the same period.

Over next 12 months, Eternal's ratio of sales and marketing spend to revenue is estimated to be  XXX , while its R&D spend to revenue to be  XXX .

Analysts estimate Eternal's 2025E EV/Revenue multiple at  XXX and 2025E EV/EBITDA multiple at  XXX

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Eternal Operational Valuation Multiples

FY 2024 NTM FY 2025E FY 2026E FY 2027E
Revenue Growth 72% XXX XXX XXX XXX
EBITDA Margin 5% XXX XXX XXX XXX
EBITDA Growth -266% XXX XXX XXX XXX
Rule of 40 (SaaS-only) 53% XXX XXX XXX XXX
Revenue per Employee $0.4M XXX XXX XXX XXX
Opex per Employee $0.3M XXX XXX XXX XXX
S&M Expenses to Revenue 13% XXX XXX XXX XXX
G&A Expenses to Revenue 3% XXX XXX XXX XXX
R&D Expenses to Revenue n/a XXX XXX XXX XXX
Opex to Revenue 79% XXX XXX XXX XXX

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Eternal Public Comps

See public comps and valuation multiples for Food Delivery and Consumer Marketplaces comps
EV/Revenue EV/EBITDA
2025E 2026E 2027E 2025E 2026E 2027E
Prosus XXX XXX XXX XXX XXX XXX
Just Eat Takeaway.com XXX XXX XXX XXX XXX XXX
VL E-Governance XXX XXX XXX XXX XXX XXX
Talabat XXX XXX XXX XXX XXX XXX
Delivery Hero XXX XXX XXX XXX XXX XXX
XXXXXXXX XXX XXX XXX XXX XXX XXX
XXXXXXXX XXX XXX XXX XXX XXX XXX

Valuation data powered by FactSet, Inc.

Eternal M&A and Investment Activity

Eternal acquired  XXX companies to date.

Last acquisition by Eternal was  XXXXXXXX, XXXXX XXXXX XXXXXX . Eternal acquired  XXXXXXXX for  XXX (EV/Revenue multiple of  XXX ).

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Latest Acquisitions by Eternal

Acquired Company EV EV/Revenue EV/EBITDA
XXXXXXXXX XXX XXX XXX
XXXXXXXXX XXX XXX XXX
XXXXXXXXX XXX XXX XXX
XXXXXXXXX XXX XXX XXX
XXXXXXXXX XXX XXX XXX

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About Eternal

When was Eternal founded? Eternal was founded in 2010.
Where is Eternal headquartered? Eternal is headquartered in India.
How many employees does Eternal have? As of today, Eternal has 4.0K+ employees.
Who is the CEO of Eternal? Eternal's CEO is Mr. Deepinder Goyal.
Is Eternal publicy listed? Yes, Eternal is a public company listed on BOM.
What is the stock symbol of Eternal? Eternal trades under 543320 ticker.
When did Eternal go public? Eternal went public in 2021.
Who are competitors of Eternal? Similar companies to Eternal include e.g. Prosus, Just Eat Takeaway.com, VL E-Governance, Talabat.
What is the current market cap of Eternal? Eternal's current market cap is $22.9B
What is the current revenue of Eternal? Eternal's last 12-month revenue is $2.4B.
What is the current EBITDA of Eternal? Eternal's last 12-month EBITDA is $102M.
What is the current EV/Revenue multiple of Eternal? Current revenue multiple of Eternal is 9.4x.
What is the current EV/EBITDA multiple of Eternal? Current EBITDA multiple of Eternal is 222.7x.
What is the current revenue growth of Eternal? Eternal revenue growth between 2023 and 2024 was 72%.
Is Eternal profitable? Yes, Eternal is EBITDA-positive (as of the last 12 months).

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