Intrinsic Valuation of: APOLLOHOSP
Free Cash Flow Average and Growth over past 5Y Key Statistics
Year FCF FCF (FCF/Revenue)
2020 - - EPS (FY) 125 Market Cap ₹1,162B
2021 - - (-) P/E Ratio 65 Total Asset ₹207B
2022 ₹10B - (-) Net Income ₹14B Total Debt ₹20B
2023 ₹2B -76.1% (-78.9%) EBITDA ₹32B Total Liab ₹120B
2024 ₹8B 215.4% (175.0%) Opr Margin 10.55 Debt/Equity 0.23
2025 ₹4B -45.9% (-52.7%) PreTax Margin 8.59 BV/Share 479
5Y Average FCF ₹6B 15.0% (14.5%)
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): 7.04% 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 ₹6B MBG Intrinsic Value ₹1,120
2027 ₹6B
2028 ₹7B
2029 ₹7B
2030 ₹8B
2031 ₹8B
Terminal Value ₹179B Net Worth/Share ₹602
DCF Valuation DCF Valuation "What If" Scenario Table
Enterprise Value ₹152B Growth Rate
(+) Cash & Cash Equivalents ₹6B ₹958 1.5% 2.0% 2.5% 3.0% 3.5%
(-) Total Debt ₹20B WACC 6.5% 902 991 1,102 1,245 1,435
Equity Value ₹138B 7.1% 788 855 937 1,039 1,168
Shares Outstanding 143,784,657 7.8% 695 748 810 885 978
8.4% 621 663 711 769 838
DCF Intrinsic Value ₹958 9.0% 559 592 631 676 729
Analyzed by QuantJuice (2025)