Intrinsic Valuation of: ABFRL
Free Cash Flow Average and Growth over past 5Y Key Statistics
Year FCF FCF (FCF/Revenue)
2020 - - EPS (FY) -7 Market Cap ₹76B
2021 - - (-) P/E Ratio - Total Asset ₹166B
2022 ₹6B - (-) Net Income ₹-4B Total Debt ₹11B
2023 ₹-451M -107.5% (-104.9%) EBITDA ₹16B Total Liab ₹98B
2024 ₹6B 1417.3% (2650.5%) Opr Margin -6.13 Debt/Equity 0.17
2025 ₹10B 69.8% (48.3%) PreTax Margin -13.77 BV/Share 10
5Y Average FCF ₹5B 15.0% (864.6%)
Overall Market Assumptions:
Assumptions: P/E for No-Growth Company: 7.0
Perpetual Growth Rate (g): 2.48% Historical US Bond Yield: 4.40%
Discount Rate (WACC): 7.10% Current US Bond Yield: 3.48%
Forcasting Future Free Cash Flow for next 6Y Modified Benjamin Graham's Intrinsic Value
Year FCF Projection (15.0%)
2026 ₹11B MBG Intrinsic Value ₹-62
2027 ₹12B
2028 ₹13B
2029 ₹14B
2030 ₹15B
2031 ₹15B
Terminal Value ₹338B Net Worth/Share ₹56
DCF Valuation DCF Valuation "What If" Scenario Table
Enterprise Value ₹286B Growth Rate
(+) Cash & Cash Equivalents ₹8B ₹232 1.5% 2.0% 2.5% 3.0% 3.5%
(-) Total Debt ₹11B WACC 6.5% 223 243 268 301 344
Equity Value ₹283B 7.2% 197 212 230 253 282
Shares Outstanding 1,216,387,646 7.8% 175 187 201 218 239
8.4% 158 168 178 191 207
DCF Intrinsic Value ₹232 9.1% 144 152 160 170 182
Analyzed by QuantJuice (2025)