Just thought i will work out DCF found fair value at Rs 683 without MOS at 25% it Rs 513 i taken average CAGR at same rate on average 10 years so even with such high PE 20% CAGR this share looks cheap
Initial Cash Flow: $44,43,00,000
Years: 1-5 6-10
Growth Rate: 25% 25%
Terminal Growth Rate: 5% Discount Rate: 10%
Shares Outstanding: 5,37,23,540 Margin of Safety: 25%
Debt Level:
Year Flows Growth Value
1 56,42,61,000 27% $51,29,64,545
2 70,53,26,250 25% $58,29,14,256
3 88,16,57,813 25% $66,24,02,564
4 1,10,20,72,266 25% $75,27,30,186
5 1,37,75,90,332 25% $85,53,75,212
6 1,65,31,08,398 20% $93,31,36,594
7 1,98,37,30,078 20% $1,01,79,67,194
8 2,38,04,76,094 20% $1,11,05,09,666
9 2,85,65,71,313 20% $1,21,14,65,090
10 3,42,78,85,575 20% $1,32,15,98,280
Terminal Year $3,59,92,79,854
PV of Year 1-10 Cash Flows: $8,96,10,63,589
Terminal Value: $27,75,35,63,888
Total PV of Cash Flows: $36,71,46,27,476
Number of Shares: 5,37,23,540
Intrinsic Value (IV): $683.40
Margin of Safety IV: $512.55
What Percentage of IV comes from 76%
the Terminal Value: