Intrinsic Valuation of: 3MINDIA
Free Cash Flow Average and Growth over past 5Y Key Statistics
Year FCF FCF (FCF/Revenue)
2020 - - EPS (FY) 334 Market Cap ₹352B
2021 - - (-) P/E Ratio 93 Total Asset ₹30B
2022 ₹3B - (-) Net Income ₹5B Total Debt ₹0
2023 ₹4B 57.6% (32.8%) EBITDA ₹8B Total Liab ₹12B
2024 ₹6B 50.9% (42.6%) Opr Margin 16.35 Debt/Equity -
2025 ₹3B -51.0% (-53.8%) PreTax Margin 16.10 BV/Share 1,639
5Y Average FCF ₹4B 13.8% (7.2%)
Overall Market Assumptions:
Assumptions: P/E for No-Growth Company: 7.0
Perpetual Growth Rate (g): 2.48% Historical US Bond Yield: 4.40%
Discount Rate (WACC): 7.00% Current US Bond Yield: 3.48%
Forcasting Future Free Cash Flow for next 6Y Modified Benjamin Graham's Intrinsic Value
Year FCF Projection (13.8%)
2026 ₹4B MBG Intrinsic Value ₹2,989
2027 ₹4B
2028 ₹5B
2029 ₹5B
2030 ₹5B
2031 ₹5B
Terminal Value ₹118B Net Worth/Share ₹1,639
DCF Valuation DCF Valuation "What If" Scenario Table
Enterprise Value ₹101B Growth Rate
(+) Cash & Cash Equivalents ₹9B ₹9,754 1.5% 2.0% 2.5% 3.0% 3.5%
(-) Total Debt ₹0 WACC 6.5% 9,204 9,950 10,881 12,077 13,668
Equity Value ₹110B 7.1% 8,263 8,830 9,519 10,375 11,465
Shares Outstanding 11,265,070 7.8% 7,498 7,939 8,464 9,099 9,883
8.4% 6,873 7,224 7,635 8,121 8,707
DCF Intrinsic Value ₹9,754 9.0% 6,361 6,646 6,975 7,359 7,812
Analyzed by QuantJuice (2025)