Models
WEWORK INDIA MANAGEMENT LWEWORKCommercial Services & Supplies
₹1,080per share · Base Model Note
Revenue growth, the horizon and scenarios are yours to change. Every other input is part of the Trader plan; saving, sharing a saved link and the live-formula workbook are part of the Institutional plan.
Scenario
Value per share, your model₹1,080implied FY26 P/E 171.7× · EV/EBITDA 9.7×
Against CMP ₹670.85+61.0%close of 2026-09-10
Growth the CMP implies(3.6)%revenue, a year for 5 years, on your other inputs
Value after FY3167%share of enterprise value in the terminal
This figure is the arithmetic of your inputs and nothing else. MarketPing publishes no fair value, target or rating; the model is yours.
Where the methods land · ₹ per share · the dashed line is the CMP
DCF, rate ±1 · growth ±1your model across the sensitivity grid
₹859₹1,518
52-week rangetraded range, a fact not a value
₹420₹795
From enterprise to equity · ₹ crore
| PV of FY27–FY31 free cash flow | 5,009 |
| PV of terminal value | 10,229 |
| Enterprise value | 15,238 |
| less net debt | (270) |
| less non-controlling interest | 0 |
| add non-operating investments | 0 |
| Equity value | 14,968 |
| ÷ 13.86 crore shares | ₹1,080 |
Free cash flow, filed and modelled · ₹ '000 crore
Filed, cash from operations − capexModelled free cash flow to firm
Sensitivity · ₹ per share
Down Across| WACC ↓terminal growth → | 4.0% | 4.5% | 5.0% | 5.5% | 6.0% |
|---|---|---|---|---|---|
| 10.00% | 1,114 | 1,187 | 1,276 | 1,383 | 1,518 |
| 10.50% | 1,036 | 1,097 | 1,169 | 1,256 | 1,362 |
| 11.00% | 969 | 1,020 | 1,080 | 1,151 | 1,236 |
| 11.50% | 910 | 954 | 1,005 | 1,064 | 1,133 |
| 12.00% | 859 | 897 | 940 | 990 | 1,048 |
The outlined cell is your model. Green figures sit above the CMP of ₹670.85; n/a marks a terminal growth at or above the discount rate. Steps: WACC and terminal growth ±0.5 point, growth ±2, margin ±1.
Distribution of outcomes · 4,000 draws · growth, margin and the discount rate vary together
| 10th · 50th · 90th percentile, ₹ per share | 730 · 1,070 · 1,446 |
| Draws below the CMP | 6% |
| Rank correlation with ebitda margin | +0.91 |
| Rank correlation with discount rate | −0.31 |
| Rank correlation with revenue growth | +0.21 |
Each driver is drawn from a PERT distribution between the lowest and highest value across your scenarios (or ±50% growth, ±20% margin when there is one scenario), with the discount rate ±1.5 points. Seeded, so the same inputs give the same picture.
Projected cash flow to the firm · ₹ crore
History Forward| ₹ crore | FY26 | FY27 | FY28 | FY29 | FY30 | FY31 |
|---|---|---|---|---|---|---|
| Revenue | 2,440 | 2,635 | 2,846 | 3,074 | 3,320 | 3,585 |
| growth % | — | 8.0 | 8.0 | 8.0 | 8.0 | 8.0 |
| EBITDA | 1,569 | 1,695 | 1,830 | 1,977 | 2,135 | 2,305 |
| margin % | 64.3 | 64.3 | 64.3 | 64.3 | 64.3 | 64.3 |
| less depreciation | (967) | (1,044) | (1,127) | (1,217) | (1,315) | (1,420) |
| EBIT | 602 | 651 | 703 | 759 | 820 | 886 |
| less tax on EBIT | 261 | 283 | 305 | 330 | 356 | 384 |
| NOPAT | 863 | 933 | 1,008 | 1,089 | 1,176 | 1,270 |
| add depreciation | 967 | 1,044 | 1,127 | 1,217 | 1,315 | 1,420 |
| less capex | (456) | (493) | (737) | (1,018) | (1,338) | (1,704) |
| less working-capital build | — | (1) | (1) | (1) | (1) | (1) |
| Free cash flow to firm | — | 1,483 | 1,397 | 1,287 | 1,151 | 985 |
| Discount factor | 0.949 | 0.855 | 0.770 | 0.694 | 0.625 | |
| Present value | 1,408 | 1,195 | 992 | 799 | 616 |
History columns are the filed years (free cash flow there is cash from operations − capex, as filed); the base year and everything to its right come from the engine. Forward is the explicit horizon of the model itself: 3, 5 or 10 years, then flat.
The three statements, projected · ₹ crore · debt held at 333, dividends at 0% of profit
| ₹ crore | FY26 | FY27 | FY28 | FY29 | FY30 | FY31 |
|---|---|---|---|---|---|---|
| Income statement | ||||||
| EBIT | 602 | 651 | 703 | 759 | 820 | 886 |
| Interest at 8% on debt | (27) | (27) | (27) | (27) | (27) | |
| Profit before tax | 624 | 676 | 733 | 793 | 859 | |
| Profit after tax | 74 | 895 | 970 | 1,051 | 1,138 | 1,232 |
| Dividends | 0 | 0 | 0 | 0 | 0 | 0 |
| Balance sheet, year end | ||||||
| Cash | 63 | 1,508 | 2,867 | 4,116 | 5,229 | 6,176 |
| Working capital | 11 | 11 | 12 | 13 | 14 | 15 |
| Net block and other assets | 7,019 | 6,468 | 6,078 | 5,879 | 5,902 | 6,186 |
| Debt | 333 | 333 | 333 | 333 | 333 | 333 |
| Equity | 299 | 1,194 | 2,164 | 3,215 | 4,353 | 5,585 |
| Balance check | 0 | (0) | 0 | 0 | (0) | 0 |
| Cash flow | ||||||
| From operations | 1,938 | 2,096 | 2,267 | 2,451 | 2,651 | |
| Investing (capex) | (493) | (737) | (1,018) | (1,338) | (1,704) | |
| Financing (dividends) | 0 | 0 | 0 | 0 | 0 | |
| Net change in cash | 1,445 | 1,359 | 1,249 | 1,113 | 947 | |
| Free cash flow to equity | 1,445 | 1,359 | 1,249 | 1,113 | 947 | |
Other liabilities are held at their FY26 level, so the check tests only what the model moves: cash, working capital, net block and other assets, debt and equity. A non-zero check would mean the three statements no longer tie.
Scenarios side by side · ₹ per share
| Scenario | Template | Growth | Margin | Rate | Terminal | ₹ / share | vs CMP |
|---|---|---|---|---|---|---|---|
| Base · editing | DCF | 8% | 64.3% | 11.00% | 5% | ₹1,080 | 61.0% |
A scenario is a full set of inputs under a name. Keep Base as the filed history carried forward; add Bull and Bear by saving the current inputs under those names and moving the two or three assumptions you actually hold a view on. The distribution above draws each driver between the lowest and highest value across your scenarios, so three scenarios give it a real range; with one scenario it falls back to fixed bands.