| Intrinsic Valuation of: MFSL | |||||||||||
| Free Cash Flow Average and Growth over past 5Y | Key Statistics | ||||||||||
| Year | FCF | FCF (FCF/Revenue) | |||||||||
| 2020 | - | - | EPS (FY) | 2 | Market Cap | ₹551B | |||||
| 2021 | - | - (-) | P/E Ratio | 666 | Total Asset | ₹1,900B | |||||
| 2022 | ₹84B | - (-) | Net Income | ₹3B | Total Debt | ₹10B | |||||
| 2023 | ₹97B | 16.5% (16.0%) | EBITDA | - | Total Liab | ₹1,836B | |||||
| 2024 | ₹59B | -39.7% (-59.3%) | Opr Margin | - | Debt/Equity | 0.16 | |||||
| 2025 | ₹81B | 38.3% (38.6%) | PreTax Margin | - | BV/Share | 128 | |||||
| 5Y Average FCF | ₹80B | 11.7% (-1.6%) | |||||||||
| 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): | 8.86% | Current US Bond Yield: | 3.48% | ||||||||
| Forcasting Future Free Cash Flow for next 6Y | Modified Benjamin Graham's Intrinsic Value | ||||||||||
| Year | FCF Projection (11.7%) | ||||||||||
| 2026 | ₹91B | MBG Intrinsic Value | ₹22 | ||||||||
| 2027 | ₹100B | ||||||||||
| 2028 | ₹108B | ||||||||||
| 2029 | ₹114B | ||||||||||
| 2030 | ₹119B | ||||||||||
| 2031 | ₹122B | ||||||||||
| Terminal Value | ₹1,960B | Net Worth/Share | ₹186 | ||||||||
| DCF Valuation | DCF Valuation "What If" Scenario Table | ||||||||||
| Enterprise Value | ₹1,661B | Growth Rate | |||||||||
| (+) Cash & Cash Equivalents | ₹15B | ₹4,848 | 1.5% | 2.0% | 2.5% | 3.0% | 3.5% | ||||
| (-) Total Debt | ₹10B | WACC | 6.9% | 6,015 | 6,501 | 7,097 | 7,848 | 8,820 | |||
| Equity Value | ₹1,665B | 7.9% | 5,055 | 5,380 | 5,764 | 6,228 | 6,798 | ||||
| Shares Outstanding | 343,446,614 | 8.9% | 4,356 | 4,585 | 4,850 | 5,160 | 5,527 | ||||
| 9.9% | 3,824 | 3,992 | 4,183 | 4,402 | 4,655 | ||||||
| DCF Intrinsic Value | ₹4,848 | 10.9% | 3,406 | 3,534 | 3,676 | 3,837 | 4,019 | ||||
| Analyzed by QuantJuice (2025) | |||||||||||