Intrinsic Valuation of: SUNPHARMA
Free Cash Flow Average and Growth over past 5Y Key Statistics
Year FCF FCF (FCF/Revenue)
2020 - - EPS (FY) 45 Market Cap ₹4,506B
2021 - - (-) P/E Ratio 41 Total Asset ₹921B
2022 ₹75B - (-) Net Income ₹109B Total Debt ₹25M
2023 ₹29B -61.6% (-65.9%) EBITDA ₹166B Total Liab ₹196B
2024 ₹99B 245.7% (213.2%) Opr Margin 24.18 Debt/Equity 0.00
2025 ₹119B 20.2% (10.3%) PreTax Margin 23.73 BV/Share 226
5Y Average FCF ₹81B 15.0% (52.5%)
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%)
2026 ₹124B MBG Intrinsic Value ₹406
2027 ₹139B
2028 ₹153B
2029 ₹165B
2030 ₹173B
2031 ₹177B
Terminal Value ₹4,021B Net Worth/Share ₹302
DCF Valuation DCF Valuation "What If" Scenario Table
Enterprise Value ₹3,410B Growth Rate
(+) Cash & Cash Equivalents ₹103B ₹1,464 1.5% 2.0% 2.5% 3.0% 3.5%
(-) Total Debt ₹25M WACC 6.5% 1,376 1,495 1,644 1,834 2,088
Equity Value ₹3,512B 7.1% 1,224 1,314 1,424 1,559 1,732
Shares Outstanding 2,399,334,970 7.8% 1,104 1,175 1,258 1,360 1,485
8.4% 1,005 1,061 1,126 1,204 1,297
DCF Intrinsic Value ₹1,464 9.0% 923 968 1,021 1,082 1,154
Analyzed by QuantJuice (2025)