| Intrinsic Valuation of: ASIANPAINT | |||||||||||
| Free Cash Flow Average and Growth over past 5Y | Key Statistics | ||||||||||
| Year | FCF | FCF (FCF/Revenue) | |||||||||
| 2020 | - | - | EPS (FY) | 39 | Market Cap | ₹2,272B | |||||
| 2021 | - | - (-) | P/E Ratio | 61 | Total Asset | ₹304B | |||||
| 2022 | ₹4B | - (-) | Net Income | ₹37B | Total Debt | ₹3B | |||||
| 2023 | ₹27B | 530.5% (430.7%) | EBITDA | ₹64B | Total Liab | ₹103B | |||||
| 2024 | ₹36B | 31.3% (27.6%) | Opr Margin | 0.15 | Debt/Equity | 0.01 | |||||
| 2025 | ₹26B | -28.1% (-24.7%) | PreTax Margin | 14.06 | BV/Share | 196 | |||||
| 5Y Average FCF | ₹23B | 177.9% (144.5%) | |||||||||
| 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 | ₹32B | MBG Intrinsic Value | ₹345 | ||||||||
| 2027 | ₹41B | ||||||||||
| 2028 | ₹51B | ||||||||||
| 2029 | ₹63B | ||||||||||
| 2030 | ₹79B | ||||||||||
| 2031 | ₹99B | ||||||||||
| Terminal Value | ₹2,057B | Net Worth/Share | ₹209 | ||||||||
| DCF Valuation | DCF Valuation "What If" Scenario Table | ||||||||||
| Enterprise Value | ₹1,612B | Growth Rate | |||||||||
| (+) Cash & Cash Equivalents | ₹4B | ₹1,683 | 1.5% | 2.0% | 2.5% | 3.0% | 3.5% | ||||
| (-) Total Debt | ₹3B | WACC | 7.3% | 1,464 | 1,580 | 1,721 | 1,894 | 2,113 | |||
| Equity Value | ₹1,613B | 7.4% | 1,450 | 1,564 | 1,702 | 1,871 | 2,083 | ||||
| Shares Outstanding | 958,742,976 | 7.4% | 1,436 | 1,548 | 1,683 | 1,848 | 2,055 | ||||
| 7.9% | 1,313 | 1,405 | 1,514 | 1,646 | 1,807 | ||||||
| DCF Intrinsic Value | ₹1,683 | 8.4% | 1,207 | 1,284 | 1,375 | 1,482 | 1,610 | ||||
| Analyzed by QuantJuice (2025) | |||||||||||