Reverse DCF
What growth does the market imply for TMB?
Working backwards from the current price to find the FCF growth assumption baked in.
conservative
-13.8% 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
₹678
Historical Growth
12.9%
FCF Yield
16.71%
Price / FCF
6.0x
Plain English
To justify today's price of $677.95, TMB.NS needs to grow its free cash flow at -13.8% per year for the next 10 years. That is 26.7% slower than its historical growth rate of 12.9%. This looks achievable — the market is not pricing in heroic assumptions. There may be genuine upside if the company executes.
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Growth Scenarios
What the stock is worth at different growth assumptions
| Scenario | FCF Growth | Implied IV | MoS vs Price |
|---|---|---|---|
| Implied | -13.8% | ₹675 | -0.5% |
| Half implied | -6.9% | ₹1,016 | +49.9% |
| GDP rate | 10.0% | ₹3,446 | +408.3% |
| Historical | 12.9% | ₹4,317 | +536.8% |
At Historical Growth Rate
It would take 3 years for TMB to organically grow into today's price assuming its historical FCF growth of 12.9%.
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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.