| Intrinsic Valuation of: DIXON | |||||||||||
| Free Cash Flow Average and Growth over past 5Y | Key Statistics | ||||||||||
| Year | FCF | FCF (FCF/Revenue) | |||||||||
| 2020 | - | - | EPS (FY) | 269 | Market Cap | ₹666B | |||||
| 2021 | - | - (-) | P/E Ratio | 41 | Total Asset | ₹168B | |||||
| 2022 | ₹-1B | - (-) | Net Income | ₹11B | Total Debt | ₹809M | |||||
| 2023 | ₹3B | 278.9% (256.8%) | EBITDA | ₹20B | Total Liab | ₹133B | |||||
| 2024 | ₹-1M | -100.0% (-100.0%) | Opr Margin | 3.28 | Debt/Equity | 0.02 | |||||
| 2025 | ₹2B | 175433.3% (80121.8%) | PreTax Margin | 2.91 | BV/Share | 480 | |||||
| 5Y Average FCF | ₹817M | 15.0% (26759.5%) | |||||||||
| 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): | 7.01% | Current US Bond Yield: | 3.48% | ||||||||
| Forcasting Future Free Cash Flow for next 6Y | Modified Benjamin Graham's Intrinsic Value | ||||||||||
| Year | FCF Projection (15.0%) | ||||||||||
| 2026 | ₹3B | MBG Intrinsic Value | ₹2,405 | ||||||||
| 2027 | ₹3B | ||||||||||
| 2028 | ₹3B | ||||||||||
| 2029 | ₹3B | ||||||||||
| 2030 | ₹4B | ||||||||||
| 2031 | ₹4B | ||||||||||
| Terminal Value | ₹81B | Net Worth/Share | ₹572 | ||||||||
| DCF Valuation | DCF Valuation "What If" Scenario Table | ||||||||||
| Enterprise Value | ₹69B | Growth Rate | |||||||||
| (+) Cash & Cash Equivalents | ₹2B | ₹1,162 | 1.5% | 2.0% | 2.5% | 3.0% | 3.5% | ||||
| (-) Total Debt | ₹809M | WACC | 6.5% | 1,093 | 1,189 | 1,308 | 1,460 | 1,664 | |||
| Equity Value | ₹71B | 7.1% | 971 | 1,043 | 1,131 | 1,240 | 1,378 | ||||
| Shares Outstanding | 60,685,743 | 7.8% | 875 | 932 | 999 | 1,080 | 1,180 | ||||
| 8.4% | 795 | 840 | 893 | 955 | 1,030 | ||||||
| DCF Intrinsic Value | ₹1,162 | 9.0% | 729 | 765 | 807 | 856 | 914 | ||||
| Analyzed by QuantJuice (2025) | |||||||||||