Intrinsic Valuation of: SIEMENS
Free Cash Flow Average and Growth over past 5Y Key Statistics
Year FCF FCF (FCF/Revenue)
2020 - - EPS (FY) 47 Market Cap ₹1,278B
2021 - - (-) P/E Ratio 76 Total Asset ₹200B
2022 ₹8B - (-) Net Income ₹21B Total Debt ₹0
2023 ₹12B 45.7% (19.9%) EBITDA ₹26B Total Liab ₹68B
2024 ₹13B 9.5% (39.4%) Opr Margin 9.94 Debt/Equity -
2025 ₹-57M -100.4% (-100.4%) PreTax Margin 9.86 BV/Share 325
5Y Average FCF ₹8B 3.5% (-13.7%)
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 (3.5%)
2026 ₹11B MBG Intrinsic Value ₹423
2027 ₹12B
2028 ₹12B
2029 ₹13B
2030 ₹13B
2031 ₹13B
Terminal Value ₹300B Net Worth/Share ₹372
DCF Valuation DCF Valuation "What If" Scenario Table
Enterprise Value ₹259B Growth Rate
(+) Cash & Cash Equivalents ₹22B ₹787 1.5% 2.0% 2.5% 3.0% 3.5%
(-) Total Debt ₹0 WACC 6.5% 743 803 878 974 1,102
Equity Value ₹280B 7.1% 668 713 769 837 925
Shares Outstanding 356,120,505 7.8% 606 642 684 735 798
8.4% 556 584 617 656 703
DCF Intrinsic Value ₹787 9.0% 515 538 564 595 631
Analyzed by QuantJuice (2025)