| Intrinsic Valuation of: MANKIND | |||||||||||
| Free Cash Flow Average and Growth over past 5Y | Key Statistics | ||||||||||
| Year | FCF | FCF (FCF/Revenue) | |||||||||
| 2020 | - | - | EPS (FY) | 47 | Market Cap | ₹1,020B | |||||
| 2021 | - | - (-) | P/E Ratio | 53 | Total Asset | ₹278B | |||||
| 2022 | ₹-14B | - (-) | Net Income | ₹20B | Total Debt | ₹55B | |||||
| 2023 | ₹10B | 168.8% (161.2%) | EBITDA | ₹36B | Total Liab | ₹132B | |||||
| 2024 | ₹18B | 79.7% (53.2%) | Opr Margin | 0.21 | Debt/Equity | 0.38 | |||||
| 2025 | ₹19B | 6.8% (-10.3%) | PreTax Margin | 17.16 | BV/Share | -55 | |||||
| 5Y Average FCF | ₹8B | 85.1% (68.0%) | |||||||||
| 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 (25.0%) | ||||||||||
| 2026 | ₹24B | MBG Intrinsic Value | ₹416 | ||||||||
| 2027 | ₹29B | ||||||||||
| 2028 | ₹37B | ||||||||||
| 2029 | ₹46B | ||||||||||
| 2030 | ₹57B | ||||||||||
| 2031 | ₹72B | ||||||||||
| Terminal Value | ₹1,493B | Net Worth/Share | ₹353 | ||||||||
| DCF Valuation | DCF Valuation "What If" Scenario Table | ||||||||||
| Enterprise Value | ₹1,170B | Growth Rate | |||||||||
| (+) Cash & Cash Equivalents | ₹4B | ₹2,710 | 1.5% | 2.0% | 2.5% | 3.0% | 3.5% | ||||
| (-) Total Debt | ₹55B | WACC | 7.3% | 2,340 | 2,537 | 2,774 | 3,066 | 3,434 | |||
| Equity Value | ₹1,119B | 7.4% | 2,317 | 2,509 | 2,742 | 3,027 | 3,385 | ||||
| Shares Outstanding | 412,758,016 | 7.4% | 2,294 | 2,483 | 2,710 | 2,988 | 3,337 | ||||
| 7.9% | 2,086 | 2,241 | 2,426 | 2,648 | 2,920 | ||||||
| DCF Intrinsic Value | ₹2,710 | 8.4% | 1,908 | 2,038 | 2,190 | 2,370 | 2,587 | ||||
| Analyzed by QuantJuice (2025) | |||||||||||