Intrinsic Valuation of: AMBUJACEM
Free Cash Flow Average and Growth over past 5Y Key Statistics
Year FCF FCF (FCF/Revenue)
2021 - - EPS (FY) 19 Market Cap ₹1,078B
2022 ₹-54B - (-) P/E Ratio 23 Total Asset ₹896B
2023 ₹30B 155.2 (159.9) Net Income ₹47B Total Debt ₹448M
2024 ₹12B -60.9% (-65.7%) EBITDA ₹71B Total Liab ₹178B
2025 ₹-64B -654.4% (-630.6%) Opr Margin 7.34 Debt/Equity 0.00
2026 ₹-10B 84.8% (87.2%) PreTax Margin 6.79 BV/Share 146
5Y Average FCF ₹-17B 3.5% (-203.0%)
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 (3.5%)
2027 ₹21B MBG Intrinsic Value ₹170
2028 ₹22B
2029 ₹23B
2030 ₹23B
2031 ₹24B
2032 ₹25B
Terminal Value ₹559B Net Worth/Share ₹289
DCF Valuation DCF Valuation "What If" Scenario Table
Enterprise Value ₹482B Growth Rate
(+) Cash & Cash Equivalents ₹9B ₹197 1.5% 2.0% 2.5% 3.0% 3.5%
(-) Total Debt ₹448M WACC 6.5% 186 202 222 247 281
Equity Value ₹491B 7.1% 165 177 192 210 234
Shares Outstanding 2,484,817,186 7.8% 149 159 170 183 200
8.4% 136 143 152 162 175
DCF Intrinsic Value ₹197 9.0% 125 131 138 146 156
Analyzed by QuantJuice (2025)