| Intrinsic Valuation of: VMM | |||||||||||
| Free Cash Flow Average and Growth over past 5Y | Key Statistics | ||||||||||
| Year | FCF | FCF (FCF/Revenue) | |||||||||
| 2020 | - | - | EPS (FY) | 1 | Market Cap | ₹625B | |||||
| 2021 | - | - (-) | P/E Ratio | 97 | 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% (19.2%) | Opr Margin | 0.09 | Debt/Equity | - | |||||
| 2025 | ₹11B | 95.6% (62.7%) | PreTax Margin | 7.38 | BV/Share | 5 | |||||
| 5Y Average FCF | ₹7B | 39.6% (14.3%) | |||||||||
| 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 (25.0%) | ||||||||||
| 2026 | ₹14B | MBG Intrinsic Value | ₹12 | ||||||||
| 2027 | ₹18B | ||||||||||
| 2028 | ₹22B | ||||||||||
| 2029 | ₹28B | ||||||||||
| 2030 | ₹35B | ||||||||||
| 2031 | ₹43B | ||||||||||
| Terminal Value | ₹900B | Net Worth/Share | ₹14 | ||||||||
| DCF Valuation | DCF Valuation "What If" Scenario Table | ||||||||||
| Enterprise Value | ₹705B | Growth Rate | |||||||||
| (+) Cash & Cash Equivalents | ₹4B | ₹152 | 1.5% | 2.0% | 2.5% | 3.0% | 3.5% | ||||
| (-) Total Debt | ₹0 | WACC | 7.3% | 132 | 143 | 156 | 171 | 191 | |||
| Equity Value | ₹709B | 7.4% | 131 | 141 | 154 | 169 | 188 | ||||
| Shares Outstanding | 4,661,369,856 | 7.4% | 130 | 140 | 152 | 167 | 186 | ||||
| 7.9% | 119 | 127 | 137 | 149 | 163 | ||||||
| DCF Intrinsic Value | ₹152 | 8.4% | 109 | 116 | 124 | 134 | 146 | ||||
| Analyzed by QuantJuice (2025) | |||||||||||