| Intrinsic Valuation of: LINDEINDIA | |||||||||||
| Free Cash Flow Average and Growth over past 5Y | Key Statistics | ||||||||||
| Year | FCF | FCF (FCF/Revenue) | |||||||||
| 2020 | - | - | EPS (FY) | 52 | Market Cap | ₹544B | |||||
| 2021 | - | - (-) | P/E Ratio | 122 | Total Asset | ₹51B | |||||
| 2022 | ₹5B | - (-) | Net Income | ₹5B | Total Debt | ₹0 | |||||
| 2023 | ₹3B | -27.8% (-39.2%) | EBITDA | ₹8B | Total Liab | ₹13B | |||||
| 2024 | ₹-1B | -140.2% (-136.4%) | Opr Margin | 0.22 | Debt/Equity | - | |||||
| 2025 | ₹-7B | -468.9% (-533.8%) | PreTax Margin | 21.57 | BV/Share | 446 | |||||
| 5Y Average FCF | ₹-249M | -212.3% (-236.5%) | |||||||||
| 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 | ₹-259M | MBG Intrinsic Value | ₹468 | ||||||||
| 2027 | ₹-270M | ||||||||||
| 2028 | ₹-280M | ||||||||||
| 2029 | ₹-292M | ||||||||||
| 2030 | ₹-303M | ||||||||||
| 2031 | ₹-315M | ||||||||||
| Terminal Value | ₹-7B | Net Worth/Share | ₹448 | ||||||||
| DCF Valuation | DCF Valuation "What If" Scenario Table | ||||||||||
| Enterprise Value | ₹-6B | Growth Rate | |||||||||
| (+) Cash & Cash Equivalents | ₹1B | ₹-49 | 1.5% | 2.0% | 2.5% | 3.0% | 3.5% | ||||
| (-) Total Debt | ₹0 | WACC | 7.3% | -41 | -45 | -50 | -56 | -64 | |||
| Equity Value | ₹-4B | 7.4% | -40 | -44 | -49 | -55 | -63 | ||||
| Shares Outstanding | 85,284,200 | 7.4% | -40 | -44 | -49 | -55 | -62 | ||||
| 7.9% | -35 | -39 | -43 | -47 | -53 | ||||||
| DCF Intrinsic Value | ₹-49 | 8.4% | -31 | -34 | -37 | -41 | -46 | ||||
| Analyzed by QuantJuice (2025) | |||||||||||