| Intrinsic Valuation of: MPHASIS | |||||||||||
| Free Cash Flow Average and Growth over past 5Y | Key Statistics | ||||||||||
| Year | FCF | FCF (FCF/Revenue) | |||||||||
| 2020 | - | - | EPS (FY) | 89 | Market Cap | ₹548B | |||||
| 2021 | - | - (-) | P/E Ratio | 32 | Total Asset | ₹149B | |||||
| 2022 | ₹16B | - (-) | Net Income | ₹17B | Total Debt | ₹0 | |||||
| 2023 | ₹13B | -15.5% (-26.7%) | EBITDA | ₹29B | Total Liab | ₹53B | |||||
| 2024 | ₹21B | 54.7% (60.7%) | Opr Margin | 0.15 | Debt/Equity | - | |||||
| 2025 | ₹18B | -11.6% (-17.5%) | PreTax Margin | 14.09 | BV/Share | 246 | |||||
| 5Y Average FCF | ₹17B | 9.2% (5.5%) | |||||||||
| 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 (9.2%) | ||||||||||
| 2026 | ₹20B | MBG Intrinsic Value | ₹799 | ||||||||
| 2027 | ₹22B | ||||||||||
| 2028 | ₹24B | ||||||||||
| 2029 | ₹26B | ||||||||||
| 2030 | ₹29B | ||||||||||
| 2031 | ₹31B | ||||||||||
| Terminal Value | ₹649B | Net Worth/Share | ₹507 | ||||||||
| DCF Valuation | DCF Valuation "What If" Scenario Table | ||||||||||
| Enterprise Value | ₹540B | Growth Rate | |||||||||
| (+) Cash & Cash Equivalents | ₹10B | ₹2,890 | 1.5% | 2.0% | 2.5% | 3.0% | 3.5% | ||||
| (-) Total Debt | ₹0 | WACC | 7.3% | 2,542 | 2,727 | 2,951 | 3,227 | 3,575 | |||
| Equity Value | ₹549B | 7.4% | 2,519 | 2,701 | 2,921 | 3,190 | 3,528 | ||||
| Shares Outstanding | 190,074,000 | 7.4% | 2,498 | 2,676 | 2,890 | 3,153 | 3,483 | ||||
| 7.9% | 2,299 | 2,446 | 2,620 | 2,830 | 3,087 | ||||||
| DCF Intrinsic Value | ₹2,890 | 8.4% | 2,129 | 2,252 | 2,396 | 2,566 | 2,771 | ||||
| Analyzed by QuantJuice (2025) | |||||||||||