Intrinsic Valuation of: SYNGENE
Free Cash Flow Average and Growth over past 5Y Key Statistics
Year FCF FCF (FCF/Revenue)
2020 - - EPS (FY) 9 Market Cap ₹182B
2021 - - (-) P/E Ratio 52 Total Asset ₹68B
2022 ₹1B - (-) Net Income ₹5B Total Debt ₹0
2023 ₹3B 190.4% (136.3%) EBITDA ₹11B Total Liab ₹21B
2024 ₹5B 74.1% (59.1%) Opr Margin 17.46 Debt/Equity -
2025 ₹4B -25.2% (-28.2%) PreTax Margin 16.06 BV/Share 117
5Y Average FCF ₹3B 15.0% (55.7%)
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 (15.0%)
2026 ₹4B MBG Intrinsic Value ₹78
2027 ₹5B
2028 ₹5B
2029 ₹6B
2030 ₹6B
2031 ₹6B
Terminal Value ₹141B Net Worth/Share ₹118
DCF Valuation DCF Valuation "What If" Scenario Table
Enterprise Value ₹120B Growth Rate
(+) Cash & Cash Equivalents ₹4B ₹307 1.5% 2.0% 2.5% 3.0% 3.5%
(-) Total Debt ₹0 WACC 6.5% 289 314 345 385 438
Equity Value ₹123B 7.1% 257 276 299 328 365
Shares Outstanding 401,751,784 7.8% 232 247 264 285 312
8.4% 211 223 236 253 272
DCF Intrinsic Value ₹307 9.0% 194 203 214 227 242
Analyzed by QuantJuice (2025)