| Intrinsic Valuation of: VBL | |||||||||||
| Free Cash Flow Average and Growth over past 5Y | Key Statistics | ||||||||||
| Year | FCF | FCF (FCF/Revenue) | |||||||||
| 2020 | - | - | EPS (FY) | 8 | Market Cap | ₹1,547B | |||||
| 2021 | - | - (-) | P/E Ratio | 54 | Total Asset | ₹231B | |||||
| 2022 | ₹3B | - (-) | Net Income | ₹26B | Total Debt | ₹8B | |||||
| 2023 | ₹-110M | -103.8% (-102.5%) | EBITDA | ₹48B | Total Liab | ₹64B | |||||
| 2024 | ₹-9B | -7865.6% (-6488.5%) | Opr Margin | 0.21 | Debt/Equity | 0.05 | |||||
| 2025 | ₹-4B | 54.4% (63.4%) | PreTax Margin | 18.28 | BV/Share | 45 | |||||
| 5Y Average FCF | ₹-2B | -2638.3% (-2175.9%) | |||||||||
| 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 | ₹-3B | MBG Intrinsic Value | ₹75 | ||||||||
| 2027 | ₹-3B | ||||||||||
| 2028 | ₹-3B | ||||||||||
| 2029 | ₹-3B | ||||||||||
| 2030 | ₹-3B | ||||||||||
| 2031 | ₹-3B | ||||||||||
| Terminal Value | ₹-65B | Net Worth/Share | ₹49 | ||||||||
| DCF Valuation | DCF Valuation "What If" Scenario Table | ||||||||||
| Enterprise Value | ₹-56B | Growth Rate | |||||||||
| (+) Cash & Cash Equivalents | ₹3B | ₹-18 | 1.5% | 2.0% | 2.5% | 3.0% | 3.5% | ||||
| (-) Total Debt | ₹8B | WACC | 7.3% | -16 | -17 | -19 | -20 | -22 | |||
| Equity Value | ₹-62B | 7.4% | -16 | -17 | -18 | -20 | -22 | ||||
| Shares Outstanding | 3,381,920,000 | 7.4% | -16 | -17 | -18 | -20 | -22 | ||||
| 7.9% | -15 | -16 | -17 | -18 | -19 | ||||||
| DCF Intrinsic Value | ₹-18 | 8.4% | -14 | -15 | -15 | -16 | -18 | ||||
| Analyzed by QuantJuice (2025) | |||||||||||