| Intrinsic Valuation of: BAJAJ-AUTO | |||||||||||
| Free Cash Flow Average and Growth over past 5Y | Key Statistics | ||||||||||
| Year | FCF | FCF (FCF/Revenue) | |||||||||
| 2020 | - | - | EPS (FY) | 262 | Market Cap | ₹2,345B | |||||
| 2021 | - | - (-) | P/E Ratio | 32 | Total Asset | ₹542B | |||||
| 2022 | ₹36B | - (-) | Net Income | ₹73B | Total Debt | ₹61B | |||||
| 2023 | ₹42B | 14.3% (3.8%) | EBITDA | ₹110B | Total Liab | ₹190B | |||||
| 2024 | ₹58B | 39.9% (13.1%) | Opr Margin | 0.20 | Debt/Equity | 0.17 | |||||
| 2025 | ₹-23B | -139.1% (-134.8%) | PreTax Margin | 19.62 | BV/Share | 1,258 | |||||
| 5Y Average FCF | ₹28B | -28.3% (-39.3%) | |||||||||
| 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 (4.0%) | ||||||||||
| 2026 | ₹30B | MBG Intrinsic Value | ₹2,344 | ||||||||
| 2027 | ₹31B | ||||||||||
| 2028 | ₹32B | ||||||||||
| 2029 | ₹33B | ||||||||||
| 2030 | ₹35B | ||||||||||
| 2031 | ₹36B | ||||||||||
| Terminal Value | ₹747B | Net Worth/Share | ₹1,260 | ||||||||
| DCF Valuation | DCF Valuation "What If" Scenario Table | ||||||||||
| Enterprise Value | ₹639B | Growth Rate | |||||||||
| (+) Cash & Cash Equivalents | ₹23B | ₹2,152 | 1.5% | 2.0% | 2.5% | 3.0% | 3.5% | ||||
| (-) Total Debt | ₹61B | WACC | 7.3% | 1,879 | 2,024 | 2,200 | 2,416 | 2,688 | |||
| Equity Value | ₹601B | 7.4% | 1,862 | 2,004 | 2,176 | 2,387 | 2,652 | ||||
| Shares Outstanding | 279,257,984 | 7.4% | 1,844 | 1,984 | 2,152 | 2,358 | 2,616 | ||||
| 7.9% | 1,688 | 1,803 | 1,940 | 2,104 | 2,305 | ||||||
| DCF Intrinsic Value | ₹2,152 | 8.4% | 1,554 | 1,651 | 1,763 | 1,897 | 2,057 | ||||
| Analyzed by QuantJuice (2025) | |||||||||||