| Intrinsic Valuation of: M&M | |||||||||||
| Free Cash Flow Average and Growth over past 5Y | Key Statistics | ||||||||||
| Year | FCF | FCF (FCF/Revenue) | |||||||||
| 2020 | - | - | EPS (FY) | 115 | Market Cap | ₹3,810B | |||||
| 2021 | - | - (-) | P/E Ratio | 28 | Total Asset | ₹2,776B | |||||
| 2022 | ₹32B | - (-) | Net Income | ₹129B | Total Debt | ₹797B | |||||
| 2023 | ₹-134B | -517.1% (-409.9%) | EBITDA | ₹342B | Total Liab | ₹1,885B | |||||
| 2024 | ₹-156B | -16.4% (-0.2%) | Opr Margin | 0.15 | Debt/Equity | 0.89 | |||||
| 2025 | ₹-72B | 53.7% (59.6%) | PreTax Margin | 9.41 | BV/Share | 530 | |||||
| 5Y Average FCF | ₹-82B | -159.9% (-116.8%) | |||||||||
| 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 | ₹-86B | MBG Intrinsic Value | ₹1,028 | ||||||||
| 2027 | ₹-89B | ||||||||||
| 2028 | ₹-93B | ||||||||||
| 2029 | ₹-96B | ||||||||||
| 2030 | ₹-100B | ||||||||||
| 2031 | ₹-104B | ||||||||||
| Terminal Value | ₹-2,168B | Net Worth/Share | ₹743 | ||||||||
| DCF Valuation | DCF Valuation "What If" Scenario Table | ||||||||||
| Enterprise Value | ₹-1,852B | Growth Rate | |||||||||
| (+) Cash & Cash Equivalents | ₹49B | ₹-2,167 | 1.5% | 2.0% | 2.5% | 3.0% | 3.5% | ||||
| (-) Total Debt | ₹797B | WACC | 7.3% | -1,983 | -2,081 | -2,200 | -2,346 | -2,530 | |||
| Equity Value | ₹-2,600B | 7.4% | -1,971 | -2,067 | -2,183 | -2,326 | -2,505 | ||||
| Shares Outstanding | 1,199,640,064 | 7.4% | -1,960 | -2,054 | -2,167 | -2,306 | -2,481 | ||||
| 7.9% | -1,854 | -1,932 | -2,024 | -2,135 | -2,271 | ||||||
| DCF Intrinsic Value | ₹-2,167 | 8.4% | -1,764 | -1,829 | -1,905 | -1,995 | -2,103 | ||||
| Analyzed by QuantJuice (2025) | |||||||||||