| Intrinsic Valuation of: ASIANPAINT | |||||||||||
| Free Cash Flow Average and Growth over past 5Y | Key Statistics | ||||||||||
| Year | FCF | FCF (FCF/Revenue) | |||||||||
| 2020 | - | - | EPS (FY) | 40 | Market Cap | ₹2,498B | |||||
| 2021 | - | - (-) | P/E Ratio | 65 | 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 | 14.75 | Debt/Equity | 0.01 | |||||
| 2025 | ₹26B | -28.1% (-24.7%) | PreTax Margin | 14.08 | BV/Share | 196 | |||||
| 5Y Average FCF | ₹23B | 15.0% (144.5%) | |||||||||
| 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): | 7.00% | 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 | ₹29B | MBG Intrinsic Value | ₹359 | ||||||||
| 2027 | ₹33B | ||||||||||
| 2028 | ₹36B | ||||||||||
| 2029 | ₹39B | ||||||||||
| 2030 | ₹40B | ||||||||||
| 2031 | ₹41B | ||||||||||
| Terminal Value | ₹940B | Net Worth/Share | ₹209 | ||||||||
| DCF Valuation | DCF Valuation "What If" Scenario Table | ||||||||||
| Enterprise Value | ₹797B | Growth Rate | |||||||||
| (+) Cash & Cash Equivalents | ₹4B | ₹833 | 1.5% | 2.0% | 2.5% | 3.0% | 3.5% | ||||
| (-) Total Debt | ₹3B | WACC | 6.5% | 782 | 852 | 939 | 1,050 | 1,199 | |||
| Equity Value | ₹799B | 7.1% | 693 | 746 | 810 | 889 | 990 | ||||
| Shares Outstanding | 958,644,295 | 7.8% | 623 | 664 | 713 | 772 | 845 | ||||
| 8.4% | 565 | 597 | 636 | 681 | 736 | ||||||
| DCF Intrinsic Value | ₹833 | 9.0% | 517 | 544 | 574 | 610 | 652 | ||||
| Analyzed by QuantJuice (2025) | |||||||||||