| Intrinsic Valuation of: ENDURANCE | |||||||||||
| Free Cash Flow Average and Growth over past 5Y | Key Statistics | ||||||||||
| Year | FCF | FCF (FCF/Revenue) | |||||||||
| 2020 | - | - | EPS (FY) | 59 | Market Cap | ₹406B | |||||
| 2021 | - | - (-) | P/E Ratio | 49 | Total Asset | ₹91B | |||||
| 2022 | ₹2B | - (-) | Net Income | ₹8B | Total Debt | ₹6B | |||||
| 2023 | ₹2B | 6.2% (-9.1%) | EBITDA | ₹17B | Total Liab | ₹34B | |||||
| 2024 | ₹2B | -1.5% (-16.6%) | Opr Margin | 0.09 | Debt/Equity | 0.10 | |||||
| 2025 | ₹5B | 115.2% (90.6%) | PreTax Margin | 8.35 | BV/Share | 375 | |||||
| 5Y Average FCF | ₹3B | 40.0% (21.6%) | |||||||||
| Overall Market Assumptions: | |||||||||||
| Assumptions: | P/E for No-Growth Company: | 7.0 | |||||||||
| Perpetual Growth Rate (g): | 2.5% | Historical US Bond Yield: | 4.4% | ||||||||
| Discount Rate (WACC): | 7.4% | Current US Bond Yield: | 3.5% | ||||||||
| Forcasting Future Free Cash Flow for next 6Y | Modified Benjamin Graham's Intrinsic Value | ||||||||||
| Year | FCF Projection (25.0%) | ||||||||||
| 2026 | ₹6B | MBG Intrinsic Value | ₹531 | ||||||||
| 2027 | ₹7B | ||||||||||
| 2028 | ₹9B | ||||||||||
| 2029 | ₹12B | ||||||||||
| 2030 | ₹15B | ||||||||||
| 2031 | ₹18B | ||||||||||
| Terminal Value | ₹379B | Net Worth/Share | ₹406 | ||||||||
| DCF Valuation | DCF Valuation "What If" Scenario Table | ||||||||||
| Enterprise Value | ₹297B | Growth Rate | |||||||||
| (+) Cash & Cash Equivalents | ₹10B | ₹2,143 | 1.5% | 2.0% | 2.5% | 3.0% | 3.5% | ||||
| (-) Total Debt | ₹6B | WACC | 7.3% | 1,867 | 2,014 | 2,190 | 2,408 | 2,683 | |||
| Equity Value | ₹301B | 7.4% | 1,850 | 1,993 | 2,166 | 2,379 | 2,646 | ||||
| Shares Outstanding | 140,663,008 | 7.4% | 1,833 | 1,973 | 2,143 | 2,350 | 2,611 | ||||
| 7.9% | 1,677 | 1,793 | 1,931 | 2,096 | 2,299 | ||||||
| DCF Intrinsic Value | ₹2,143 | 8.4% | 1,545 | 1,642 | 1,755 | 1,890 | 2,051 | ||||
| Analyzed by QuantJuice (2025) | |||||||||||