| Intrinsic Valuation of: VBL | |||||||||||
| Free Cash Flow Average and Growth over past 5Y | Key Statistics | ||||||||||
| Year | FCF | FCF (FCF/Revenue) | |||||||||
| 2020 | - | - | EPS (FY) | 9 | Market Cap | ₹1,704B | |||||
| 2021 | - | - (-) | P/E Ratio | 54 | Total Asset | ₹256B | |||||
| 2022 | ₹-110M | - (-) | Net Income | ₹30B | Total Debt | ₹5B | |||||
| 2023 | ₹-9B | -7865.6% (-6488.5%) | EBITDA | ₹54B | Total Liab | ₹58B | |||||
| 2024 | ₹-4B | 54.4% (63.4%) | Opr Margin | 18.53 | Debt/Equity | 0.03 | |||||
| 2025 | ₹8B | 293.6% (280.7%) | PreTax Margin | 17.72 | BV/Share | 53 | |||||
| 5Y Average FCF | ₹-1B | 3.5% (-2048.1%) | |||||||||
| 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): | 7.01% | Current US Bond Yield: | 3.48% | ||||||||
| Forcasting Future Free Cash Flow for next 6Y | Modified Benjamin Graham's Intrinsic Value | ||||||||||
| Year | FCF Projection (3.5%) | ||||||||||
| 2026 | ₹8B | MBG Intrinsic Value | ₹84 | ||||||||
| 2027 | ₹8B | ||||||||||
| 2028 | ₹8B | ||||||||||
| 2029 | ₹9B | ||||||||||
| 2030 | ₹9B | ||||||||||
| 2031 | ₹9B | ||||||||||
| Terminal Value | ₹208B | Net Worth/Share | ₹58 | ||||||||
| DCF Valuation | DCF Valuation "What If" Scenario Table | ||||||||||
| Enterprise Value | ₹179B | Growth Rate | |||||||||
| (+) Cash & Cash Equivalents | ₹18B | ₹57 | 1.5% | 2.0% | 2.5% | 3.0% | 3.5% | ||||
| (-) Total Debt | ₹5B | WACC | 6.5% | 54 | 58 | 63 | 70 | 80 | |||
| Equity Value | ₹192B | 7.1% | 48 | 51 | 55 | 60 | 67 | ||||
| Shares Outstanding | 3,382,296,144 | 7.8% | 44 | 46 | 49 | 53 | 57 | ||||
| 8.4% | 40 | 42 | 44 | 47 | 51 | ||||||
| DCF Intrinsic Value | ₹57 | 9.0% | 37 | 38 | 40 | 43 | 45 | ||||
| Analyzed by QuantJuice (2025) | |||||||||||