| Intrinsic Valuation of: BAJAJHFL | |||||||||||
| Free Cash Flow Average and Growth over past 5Y | Key Statistics | ||||||||||
| Year | FCF | FCF (FCF/Revenue) | |||||||||
| 2020 | - | - | EPS (FY) | 3 | Market Cap | ₹1,015B | |||||
| 2021 | - | - (-) | P/E Ratio | 46 | Total Asset | ₹1,028B | |||||
| 2022 | ₹-125B | - (-) | Net Income | ₹22B | Total Debt | ₹820B | |||||
| 2023 | ₹-144B | -14.8% (22.7%) | EBITDA | ₹27B | Total Liab | ₹829B | |||||
| 2024 | ₹-146B | -1.9% (25.0%) | Opr Margin | 0.29 | Debt/Equity | 4.11 | |||||
| 2025 | ₹-171B | -16.9% (7.1%) | PreTax Margin | 28.68 | BV/Share | 24 | |||||
| 5Y Average FCF | ₹-147B | -11.2% (18.3%) | |||||||||
| 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 | ₹-152B | MBG Intrinsic Value | ₹24 | ||||||||
| 2027 | ₹-159B | ||||||||||
| 2028 | ₹-165B | ||||||||||
| 2029 | ₹-171B | ||||||||||
| 2030 | ₹-178B | ||||||||||
| 2031 | ₹-185B | ||||||||||
| Terminal Value | ₹-3,856B | Net Worth/Share | ₹24 | ||||||||
| DCF Valuation | DCF Valuation "What If" Scenario Table | ||||||||||
| Enterprise Value | ₹-3,295B | Growth Rate | |||||||||
| (+) Cash & Cash Equivalents | ₹616M | ₹-494 | 1.5% | 2.0% | 2.5% | 3.0% | 3.5% | ||||
| (-) Total Debt | ₹820B | WACC | 7.3% | -447 | -472 | -502 | -539 | -587 | |||
| Equity Value | ₹-4,115B | 7.4% | -444 | -468 | -498 | -534 | -580 | ||||
| Shares Outstanding | 8,332,329,984 | 7.4% | -441 | -465 | -494 | -529 | -574 | ||||
| 7.9% | -414 | -433 | -457 | -485 | -520 | ||||||
| DCF Intrinsic Value | ₹-494 | 8.4% | -390 | -407 | -427 | -450 | -477 | ||||
| Analyzed by QuantJuice (2025) | |||||||||||