| Intrinsic Valuation of: SWIGGY | |||||||||||
| Free Cash Flow Average and Growth over past 5Y | Key Statistics | ||||||||||
| Year | FCF | FCF (FCF/Revenue) | |||||||||
| 2020 | - | - | EPS (FY) | -14 | Market Cap | ₹917B | |||||
| 2021 | - | - (-) | P/E Ratio | - | Total Asset | ₹152B | |||||
| 2022 | ₹-42B | - (-) | Net Income | ₹-31B | Total Debt | ₹0 | |||||
| 2023 | ₹-42B | -0.9% (31.0%) | EBITDA | ₹-24B | Total Liab | ₹50B | |||||
| 2024 | ₹-17B | 60.6% (71.5%) | Opr Margin | -0.22 | Debt/Equity | - | |||||
| 2025 | ₹-29B | -75.5% (-29.6%) | PreTax Margin | -22.98 | BV/Share | 40 | |||||
| 5Y Average FCF | ₹-33B | -5.2% (24.3%) | |||||||||
| 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 | ₹-34B | MBG Intrinsic Value | ₹-123 | ||||||||
| 2027 | ₹-35B | ||||||||||
| 2028 | ₹-37B | ||||||||||
| 2029 | ₹-38B | ||||||||||
| 2030 | ₹-40B | ||||||||||
| 2031 | ₹-41B | ||||||||||
| Terminal Value | ₹-855B | Net Worth/Share | ₹45 | ||||||||
| DCF Valuation | DCF Valuation "What If" Scenario Table | ||||||||||
| Enterprise Value | ₹-731B | Growth Rate | |||||||||
| (+) Cash & Cash Equivalents | ₹12B | ₹-314 | 1.5% | 2.0% | 2.5% | 3.0% | 3.5% | ||||
| (-) Total Debt | ₹0 | WACC | 7.3% | -276 | -296 | -320 | -351 | -389 | |||
| Equity Value | ₹-718B | 7.4% | -273 | -293 | -317 | -346 | -383 | ||||
| Shares Outstanding | 2,290,119,936 | 7.4% | -271 | -290 | -314 | -342 | -379 | ||||
| 7.9% | -249 | -265 | -284 | -307 | -335 | ||||||
| DCF Intrinsic Value | ₹-314 | 8.4% | -230 | -244 | -259 | -278 | -300 | ||||
| Analyzed by QuantJuice (2025) | |||||||||||