Intrinsic Valuation of: MSUMI
Free Cash Flow Average and Growth over past 5Y Key Statistics
Year FCF FCF (FCF/Revenue)
2021 - - EPS (FY) 1 Market Cap ₹266B
2022 - - (-) P/E Ratio 43 Total Asset ₹47B
2023 ₹250M - (-) Net Income ₹6B Total Debt ₹0
2024 ₹680M 171.9% (130.8%) EBITDA ₹11B Total Liab ₹26B
2025 ₹2B 183.9% (153.3%) Opr Margin 7.39 Debt/Equity -
2026 ₹6B 190.2% (135.4%) PreTax Margin 7.16 BV/Share 3
5Y Average FCF ₹2B 15.0% (139.8%)
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): 7.00% 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%)
2027 ₹5B MBG Intrinsic Value ₹8
2028 ₹6B
2029 ₹6B
2030 ₹7B
2031 ₹7B
2032 ₹7B
Terminal Value ₹170B Net Worth/Share ₹3
DCF Valuation DCF Valuation "What If" Scenario Table
Enterprise Value ₹144B Growth Rate
(+) Cash & Cash Equivalents ₹662M ₹22 1.5% 2.0% 2.5% 3.0% 3.5%
(-) Total Debt ₹0 WACC 6.5% 20 22 25 27 31
Equity Value ₹145B 7.1% 18 20 21 23 26
Shares Outstanding 6,631,661,898 7.8% 16 17 19 20 22
8.4% 15 16 17 18 19
DCF Intrinsic Value ₹22 9.0% 14 14 15 16 17
Analyzed by QuantJuice (2025)