| Intrinsic Valuation of: BAJAJ-AUTO | |||||||||||
| Free Cash Flow Average and Growth over past 5Y | Key Statistics | ||||||||||
| Year | FCF | FCF (FCF/Revenue) | |||||||||
| 2021 | - | - | EPS (FY) | 384 | Market Cap | ₹2,898B | |||||
| 2022 | - | - (-) | P/E Ratio | 27 | Total Asset | ₹772B | |||||
| 2023 | ₹42B | - (-) | Net Income | ₹107B | Total Debt | ₹153B | |||||
| 2024 | ₹58B | 39.9% (13.1%) | EBITDA | ₹158B | Total Liab | ₹370B | |||||
| 2025 | ₹-23B | -139.1% (-134.8%) | Opr Margin | 20.56 | Debt/Equity | 0.38 | |||||
| 2026 | ₹19B | 182.2% (167.1%) | PreTax Margin | 18.63 | BV/Share | 1,190 | |||||
| 5Y Average FCF | ₹24B | 15.0% (15.1%) | |||||||||
| 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): | 7.36% | 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%) | ||||||||||
| 2027 | ₹29B | MBG Intrinsic Value | ₹3,434 | ||||||||
| 2028 | ₹32B | ||||||||||
| 2029 | ₹36B | ||||||||||
| 2030 | ₹38B | ||||||||||
| 2031 | ₹40B | ||||||||||
| 2032 | ₹41B | ||||||||||
| Terminal Value | ₹864B | Net Worth/Share | ₹1,440 | ||||||||
| DCF Valuation | DCF Valuation "What If" Scenario Table | ||||||||||
| Enterprise Value | ₹731B | Growth Rate | |||||||||
| (+) Cash & Cash Equivalents | ₹30B | ₹2,177 | 1.5% | 2.0% | 2.5% | 3.0% | 3.5% | ||||
| (-) Total Debt | ₹153B | WACC | 6.5% | 2,214 | 2,451 | 2,747 | 3,126 | 3,632 | |||
| Equity Value | ₹608B | 7.2% | 1,877 | 2,051 | 2,261 | 2,521 | 2,850 | ||||
| Shares Outstanding | 279,271,733 | 7.9% | 1,612 | 1,743 | 1,898 | 2,084 | 2,312 | ||||
| 8.6% | 1,402 | 1,504 | 1,623 | 1,762 | 1,929 | ||||||
| DCF Intrinsic Value | ₹2,177 | 9.4% | 1,228 | 1,309 | 1,402 | 1,509 | 1,635 | ||||
| Analyzed by QuantJuice (2025) | |||||||||||