| Intrinsic Valuation of: PHOENIXLTD | |||||||||||
| Free Cash Flow Average and Growth over past 5Y | Key Statistics | ||||||||||
| Year | FCF | FCF (FCF/Revenue) | |||||||||
| 2020 | - | - | EPS (FY) | 27 | Market Cap | ₹559B | |||||
| 2021 | - | - (-) | P/E Ratio | 57 | Total Asset | ₹215B | |||||
| 2022 | ₹-5B | - (-) | Net Income | ₹10B | Total Debt | ₹38B | |||||
| 2023 | ₹-5B | 1.9% (45.3%) | EBITDA | ₹23B | Total Liab | ₹77B | |||||
| 2024 | ₹5B | 203.7% (167.8%) | Opr Margin | 0.48 | Debt/Equity | 0.28 | |||||
| 2025 | ₹-5B | -209.5% (-214.2%) | PreTax Margin | 37.54 | BV/Share | 276 | |||||
| 5Y Average FCF | ₹-2B | -1.3% (-0.4%) | |||||||||
| 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 (4.0%) | ||||||||||
| 2026 | ₹-3B | MBG Intrinsic Value | ₹243 | ||||||||
| 2027 | ₹-3B | ||||||||||
| 2028 | ₹-3B | ||||||||||
| 2029 | ₹-3B | ||||||||||
| 2030 | ₹-3B | ||||||||||
| 2031 | ₹-3B | ||||||||||
| Terminal Value | ₹-65B | Net Worth/Share | ₹387 | ||||||||
| DCF Valuation | DCF Valuation "What If" Scenario Table | ||||||||||
| Enterprise Value | ₹-56B | Growth Rate | |||||||||
| (+) Cash & Cash Equivalents | ₹2B | ₹-258 | 1.5% | 2.0% | 2.5% | 3.0% | 3.5% | ||||
| (-) Total Debt | ₹38B | WACC | 7.3% | -239 | -249 | -261 | -276 | -294 | |||
| Equity Value | ₹-92B | 7.4% | -238 | -248 | -259 | -274 | -292 | ||||
| Shares Outstanding | 357,523,008 | 7.4% | -237 | -246 | -258 | -272 | -289 | ||||
| 7.9% | -226 | -234 | -243 | -254 | -268 | ||||||
| DCF Intrinsic Value | ₹-258 | 8.4% | -217 | -223 | -231 | -240 | -251 | ||||
| Analyzed by QuantJuice (2025) | |||||||||||