Intrinsic Valuation of: UBL
Free Cash Flow Average and Growth over past 5Y Key Statistics
Year FCF FCF (FCF/Revenue)
2021 - - EPS (FY) 16 Market Cap ₹362B
2022 - - (-) P/E Ratio 88 Total Asset ₹97B
2023 ₹-3B - (-) Net Income ₹4B Total Debt ₹0
2024 ₹-1B 55.8% (58.8%) EBITDA ₹9B Total Liab ₹52B
2025 ₹-448M 63.3% (67.6%) Opr Margin 5.77 Debt/Equity -
2026 ₹-768M -71.5% (-65.5%) PreTax Margin 5.00 BV/Share 171
5Y Average FCF ₹-1B 2.5% (20.3%)
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): 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 (2.5%)
2027 ₹0 MBG Intrinsic Value ₹139
2028 ₹0
2029 ₹0
2030 ₹0
2031 ₹0
2032 ₹0
Terminal Value ₹0 Net Worth/Share ₹171
DCF Valuation DCF Valuation "What If" Scenario Table
Enterprise Value ₹0 Growth Rate
(+) Cash & Cash Equivalents ₹5B ₹17 1.5% 2.0% 2.5% 3.0% 3.5%
(-) Total Debt ₹0 WACC 6.5% 17 17 17 17 17
Equity Value ₹5B 7.1% 17 17 17 17 17
Shares Outstanding 264,405,149 7.8% 17 17 17 17 17
8.4% 17 17 17 17 17
DCF Intrinsic Value ₹17 9.0% 17 17 17 17 17
Analyzed by QuantJuice (2025)