Intrinsic Valuation of: MEDANTA
Free Cash Flow Average and Growth over past 5Y Key Statistics
Year FCF FCF (FCF/Revenue)
2020 - - EPS (FY) 21 Market Cap ₹334B
2021 - - (-) P/E Ratio 60 Total Asset ₹48B
2022 ₹368M - (-) Net Income ₹5B Total Debt ₹3B
2023 ₹4B 1010.5% (797.1%) EBITDA ₹9B Total Liab ₹14B
2024 ₹3B -18.4% (-32.4%) Opr Margin 20.26 Debt/Equity 0.08
2025 ₹-242M -107.2% (-106.5%) PreTax Margin 18.50 BV/Share 126
5Y Average FCF ₹2B 15.0% (219.4%)
Overall Market Assumptions:
Assumptions: P/E for No-Growth Company: 7.0
Perpetual Growth Rate (g): 2.48% Historical US Bond Yield: 4.40%
Discount Rate (WACC): 7.01% Current US Bond Yield: 3.48%
Forcasting Future Free Cash Flow for next 6Y Modified Benjamin Graham's Intrinsic Value
Year FCF Projection (15.0%)
2026 ₹3B MBG Intrinsic Value ₹184
2027 ₹3B
2028 ₹4B
2029 ₹4B
2030 ₹4B
2031 ₹4B
Terminal Value ₹97B Net Worth/Share ₹126
DCF Valuation DCF Valuation "What If" Scenario Table
Enterprise Value ₹82B Growth Rate
(+) Cash & Cash Equivalents ₹2B ₹304 1.5% 2.0% 2.5% 3.0% 3.5%
(-) Total Debt ₹3B WACC 6.5% 286 311 343 384 439
Equity Value ₹82B 7.1% 253 272 296 325 362
Shares Outstanding 268,698,932 7.8% 227 242 260 281 308
8.4% 206 218 232 248 268
DCF Intrinsic Value ₹304 9.0% 188 198 209 222 237
Analyzed by QuantJuice (2025)