| Intrinsic Valuation of: VMM | |||||||||||
| Free Cash Flow Average and Growth over past 5Y | Key Statistics | ||||||||||
| Year | FCF | FCF (FCF/Revenue) | |||||||||
| 2020 | - | - | EPS (FY) | 2 | Market Cap | ₹556B | |||||
| 2021 | - | - (-) | P/E Ratio | 67 | Total Asset | ₹100B | |||||
| 2022 | ₹5B | - (-) | Net Income | ₹6B | Total Debt | ₹0 | |||||
| 2023 | ₹4B | -17.3% (-39.0%) | EBITDA | ₹16B | Total Liab | ₹36B | |||||
| 2024 | ₹6B | 40.5% (19.5%) | Opr Margin | 9.08 | Debt/Equity | - | |||||
| 2025 | ₹11B | 95.6% (62.6%) | PreTax Margin | 7.68 | BV/Share | 5 | |||||
| 5Y Average FCF | ₹7B | 15.0% (14.4%) | |||||||||
| 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 (15.0%) | ||||||||||
| 2026 | ₹11B | MBG Intrinsic Value | ₹16 | ||||||||
| 2027 | ₹13B | ||||||||||
| 2028 | ₹14B | ||||||||||
| 2029 | ₹15B | ||||||||||
| 2030 | ₹16B | ||||||||||
| 2031 | ₹16B | ||||||||||
| Terminal Value | ₹257B | Net Worth/Share | ₹14 | ||||||||
| DCF Valuation | DCF Valuation "What If" Scenario Table | ||||||||||
| Enterprise Value | ₹217B | Growth Rate | |||||||||
| (+) Cash & Cash Equivalents | ₹4B | ₹47 | 1.5% | 2.0% | 2.5% | 3.0% | 3.5% | ||||
| (-) Total Debt | ₹0 | WACC | 7.0% | 58 | 63 | 68 | 75 | 84 | |||
| Equity Value | ₹221B | 8.0% | 49 | 52 | 56 | 60 | 65 | ||||
| Shares Outstanding | 4,673,227,806 | 9.0% | 43 | 45 | 47 | 50 | 54 | ||||
| 10.0% | 37 | 39 | 41 | 43 | 45 | ||||||
| DCF Intrinsic Value | ₹47 | 11.0% | 33 | 35 | 36 | 38 | 39 | ||||
| Analyzed by QuantJuice (2025) | |||||||||||