| Intrinsic Valuation of: PAYTM | |||||||||||
| Free Cash Flow Average and Growth over past 5Y | Key Statistics | ||||||||||
| Year | FCF | FCF (FCF/Revenue) | |||||||||
| 2021 | - | - | EPS (FY) | 9 | Market Cap | ₹724B | |||||
| 2022 | - | - (-) | P/E Ratio | 132 | Total Asset | ₹239B | |||||
| 2023 | ₹-3B | - (-) | Net Income | ₹6B | Total Debt | ₹0 | |||||
| 2024 | ₹-2B | 41.0% (52.7%) | EBITDA | ₹12B | Total Liab | ₹79B | |||||
| 2025 | ₹-4B | -159.2% (-270.8%) | Opr Margin | -0.50 | Debt/Equity | - | |||||
| 2026 | ₹-12B | -175.8% (-125.6%) | PreTax Margin | -0.71 | BV/Share | 250 | |||||
| 5Y Average FCF | ₹-5B | -2.0% (-114.6%) | |||||||||
| Overall Market Assumptions: | |||||||||||
| Assumptions: | P/E for No-Growth Company: | 7.0 | |||||||||
| Perpetual Growth Rate (g): | 1.00% | 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 (-2.0%) | ||||||||||
| 2027 | ₹0 | MBG Intrinsic Value | ₹77 | ||||||||
| 2028 | ₹0 | ||||||||||
| 2029 | ₹0 | ||||||||||
| 2030 | ₹0 | ||||||||||
| 2031 | ₹0 | ||||||||||
| 2032 | ₹0 | ||||||||||
| Terminal Value | ₹0 | Net Worth/Share | ₹250 | ||||||||
| DCF Valuation | DCF Valuation "What If" Scenario Table | ||||||||||
| Enterprise Value | ₹0 | Growth Rate | |||||||||
| (+) Cash & Cash Equivalents | ₹33B | ₹51 | 1.0% | 1.2% | 1.5% | 1.8% | 2.0% | ||||
| (-) Total Debt | ₹0 | WACC | 6.5% | 51 | 51 | 51 | 51 | 51 | |||
| Equity Value | ₹33B | 7.1% | 51 | 51 | 51 | 51 | 51 | ||||
| Shares Outstanding | 640,180,180 | 7.8% | 51 | 51 | 51 | 51 | 51 | ||||
| 8.4% | 51 | 51 | 51 | 51 | 51 | ||||||
| DCF Intrinsic Value | ₹51 | 9.0% | 51 | 51 | 51 | 51 | 51 | ||||
| Analyzed by QuantJuice (2025) | |||||||||||