| Intrinsic Valuation of: LINDEINDIA | |||||||||||
| Free Cash Flow Average and Growth over past 5Y | Key Statistics | ||||||||||
| Year | FCF | FCF (FCF/Revenue) | |||||||||
| 2020 | - | - | EPS (FY) | 53 | Market Cap | ₹568B | |||||
| 2021 | - | - (-) | P/E Ratio | 123 | Total Asset | ₹51B | |||||
| 2022 | ₹3B | - (-) | Net Income | ₹5B | Total Debt | ₹0 | |||||
| 2023 | ₹5B | 68.4% (42.0%) | EBITDA | ₹8B | Total Liab | ₹13B | |||||
| 2024 | ₹-1B | -129.0% (-126.3%) | Opr Margin | 0.22 | Debt/Equity | - | |||||
| 2025 | ₹-7B | -468.9% (-533.8%) | PreTax Margin | 21.67 | BV/Share | 446 | |||||
| 5Y Average FCF | ₹-394M | -176.5% (-206.0%) | |||||||||
| 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 (4.0%) | ||||||||||
| 2026 | ₹-410M | MBG Intrinsic Value | ₹476 | ||||||||
| 2027 | ₹-426M | ||||||||||
| 2028 | ₹-443M | ||||||||||
| 2029 | ₹-461M | ||||||||||
| 2030 | ₹-479M | ||||||||||
| 2031 | ₹-498M | ||||||||||
| Terminal Value | ₹-10B | Net Worth/Share | ₹448 | ||||||||
| DCF Valuation | DCF Valuation "What If" Scenario Table | ||||||||||
| Enterprise Value | ₹-9B | Growth Rate | |||||||||
| (+) Cash & Cash Equivalents | ₹1B | ₹-87 | 1.5% | 2.0% | 2.5% | 3.0% | 3.5% | ||||
| (-) Total Debt | ₹0 | WACC | 7.3% | -74 | -81 | -89 | -99 | -111 | |||
| Equity Value | ₹-7B | 7.4% | -74 | -80 | -88 | -97 | -109 | ||||
| Shares Outstanding | 85,284,200 | 7.4% | -73 | -79 | -87 | -96 | -108 | ||||
| 7.9% | -66 | -71 | -77 | -85 | -94 | ||||||
| DCF Intrinsic Value | ₹-87 | 8.4% | -60 | -64 | -69 | -75 | -82 | ||||
| Analyzed by QuantJuice (2025) | |||||||||||