Reverse DCF
What growth does the market imply for HCC?
Working backwards from the current price to find the FCF growth assumption baked in.
conservative
-4.3% implied annual FCF growth
The market is pricing in below-GDP growth — very conservative assumption. If the company delivers anywhere near its historical rate, there is significant upside.
Current Price
₹22
Historical Growth
-5.0%
FCF Yield
13.85%
Price / FCF
7.2x
Plain English
To justify today's price of ₹22.35, HCC.NS needs to grow its free cash flow at -4.3% per year for the next 10 years. That is 0.7% faster than its historical growth rate of -5.0%. This looks achievable — the market is not pricing in heroic assumptions. There may be genuine upside if the company executes.
Adjust Assumptions
Growth Scenarios
What the stock is worth at different growth assumptions
| Scenario | FCF Growth | Implied IV | MoS vs Price |
|---|---|---|---|
| Historical | -5.0% | ₹21 | -5.4% |
| Implied | -4.3% | ₹22 | +0.0% |
| Half implied | -2.2% | ₹26 | +18.2% |
| GDP rate | 10.0% | ₹70 | +211.1% |
At Historical Growth Rate
DCF horizon: 10 years. At -5.0% growth, the model values HCC at ₹21, below today's ₹22.
See full DCF analysis
Bear/base/bull scenarios, sensitivity heatmap, reverse DCF, and more.
Run Full Analysis →This is an analytical tool, not investment advice. Implied growth is a mathematical inversion of the DCF model and depends on WACC and terminal growth assumptions. YieldIQ is not registered with SEBI as an investment adviser.