| Intrinsic Valuation of: ADANIPORTS | |||||||||||
| Free Cash Flow Average and Growth over past 5Y | Key Statistics | ||||||||||
| Year | FCF | FCF (FCF/Revenue) | |||||||||
| 2020 | - | - | EPS (FY) | 51 | Market Cap | ₹3,133B | |||||
| 2021 | - | - (-) | P/E Ratio | 28 | Total Asset | ₹1,353B | |||||
| 2022 | ₹66B | - (-) | Net Income | ₹111B | Total Debt | ₹358B | |||||
| 2023 | ₹28B | -58.2% (-66.0%) | EBITDA | ₹202B | Total Liab | ₹704B | |||||
| 2024 | ₹76B | 175.6% (115.1%) | Opr Margin | 0.46 | Debt/Equity | 0.55 | |||||
| 2025 | ₹92B | 20.7% (5.8%) | PreTax Margin | 36.96 | BV/Share | 198 | |||||
| 5Y Average FCF | ₹65B | 46.0% (18.3%) | |||||||||
| Overall Market Assumptions: | |||||||||||
| Assumptions: | P/E for No-Growth Company: | 7.0 | |||||||||
| Perpetual Growth Rate (g): | 2.5% | Historical US Bond Yield: | 4.4% | ||||||||
| Discount Rate (WACC): | 7.4% | Current US Bond Yield: | 3.5% | ||||||||
| Forcasting Future Free Cash Flow for next 6Y | Modified Benjamin Graham's Intrinsic Value | ||||||||||
| Year | FCF Projection (25.0%) | ||||||||||
| 2026 | ₹115B | MBG Intrinsic Value | ₹459 | ||||||||
| 2027 | ₹143B | ||||||||||
| 2028 | ₹179B | ||||||||||
| 2029 | ₹224B | ||||||||||
| 2030 | ₹280B | ||||||||||
| 2031 | ₹350B | ||||||||||
| Terminal Value | ₹7,279B | Net Worth/Share | ₹301 | ||||||||
| DCF Valuation | DCF Valuation "What If" Scenario Table | ||||||||||
| Enterprise Value | ₹5,702B | Growth Rate | |||||||||
| (+) Cash & Cash Equivalents | ₹34B | ₹2,490 | 1.5% | 2.0% | 2.5% | 3.0% | 3.5% | ||||
| (-) Total Debt | ₹358B | WACC | 7.3% | 2,145 | 2,328 | 2,549 | 2,821 | 3,164 | |||
| Equity Value | ₹5,378B | 7.4% | 2,123 | 2,303 | 2,519 | 2,785 | 3,119 | ||||
| Shares Outstanding | 2,160,140,032 | 7.4% | 2,102 | 2,278 | 2,490 | 2,749 | 3,074 | ||||
| 7.9% | 1,908 | 2,053 | 2,225 | 2,432 | 2,685 | ||||||
| DCF Intrinsic Value | ₹2,490 | 8.4% | 1,742 | 1,864 | 2,005 | 2,173 | 2,375 | ||||
| Analyzed by QuantJuice (2025) | |||||||||||