Intrinsic Valuation of: SWIGGY
Free Cash Flow Average and Growth over past 5Y Key Statistics
Year FCF FCF (FCF/Revenue)
2020 - - EPS (FY) -17 Market Cap ₹666B
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% (71.1%) Opr Margin -22.55 Debt/Equity -
2025 ₹-29B -75.5% (-29.1%) PreTax Margin -23.22 BV/Share 36
5Y Average FCF ₹-33B 2.5% (24.3%)
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): 8.98% Current US Bond Yield: 3.48%
Forcasting Future Free Cash Flow for next 6Y Modified Benjamin Graham's Intrinsic Value
Year FCF Projection (2.5%)
2026 ₹0 MBG Intrinsic Value ₹-151
2027 ₹0
2028 ₹0
2029 ₹0
2030 ₹0
2031 ₹0
Terminal Value ₹0 Net Worth/Share ₹39
DCF Valuation DCF Valuation "What If" Scenario Table
Enterprise Value ₹0 Growth Rate
(+) Cash & Cash Equivalents ₹12B ₹5 1.5% 2.0% 2.5% 3.0% 3.5%
(-) Total Debt ₹0 WACC 7.0% 5 5 5 5 5
Equity Value ₹12B 8.0% 5 5 5 5 5
Shares Outstanding 2,606,054,682 9.0% 5 5 5 5 5
10.0% 5 5 5 5 5
DCF Intrinsic Value ₹5 11.0% 5 5 5 5 5
Analyzed by QuantJuice (2025)