| Intrinsic Valuation of: BAJAJHLDNG | |||||||||||
| Free Cash Flow Average and Growth over past 5Y | Key Statistics | ||||||||||
| Year | FCF | FCF (FCF/Revenue) | |||||||||
| 2020 | - | - | EPS (FY) | 584 | Market Cap | ₹1,601B | |||||
| 2021 | - | - (-) | P/E Ratio | 25 | Total Asset | ₹753B | |||||
| 2022 | ₹16B | - (-) | Net Income | ₹65B | Total Debt | ₹0 | |||||
| 2023 | ₹17B | 7.3% (-9.5%) | EBITDA | - | Total Liab | ₹26B | |||||
| 2024 | ₹19B | 12.5% (-24.0%) | Opr Margin | - | Debt/Equity | - | |||||
| 2025 | ₹-20B | -200.9% (-211.1%) | PreTax Margin | - | BV/Share | 5,633 | |||||
| 5Y Average FCF | ₹8B | -60.4% (-81.5%) | |||||||||
| 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 (4.0%) | ||||||||||
| 2026 | ₹9B | MBG Intrinsic Value | ₹5,221 | ||||||||
| 2027 | ₹9B | ||||||||||
| 2028 | ₹9B | ||||||||||
| 2029 | ₹10B | ||||||||||
| 2030 | ₹10B | ||||||||||
| 2031 | ₹10B | ||||||||||
| Terminal Value | ₹218B | Net Worth/Share | ₹6,529 | ||||||||
| DCF Valuation | DCF Valuation "What If" Scenario Table | ||||||||||
| Enterprise Value | ₹186B | Growth Rate | |||||||||
| (+) Cash & Cash Equivalents | ₹829M | ₹1,682 | 1.5% | 2.0% | 2.5% | 3.0% | 3.5% | ||||
| (-) Total Debt | ₹0 | WACC | 7.3% | 1,482 | 1,589 | 1,717 | 1,876 | 2,075 | |||
| Equity Value | ₹187B | 7.4% | 1,469 | 1,574 | 1,700 | 1,854 | 2,048 | ||||
| Shares Outstanding | 111,294,000 | 7.4% | 1,457 | 1,559 | 1,682 | 1,833 | 2,022 | ||||
| 7.9% | 1,342 | 1,427 | 1,527 | 1,647 | 1,794 | ||||||
| DCF Intrinsic Value | ₹1,682 | 8.4% | 1,245 | 1,315 | 1,398 | 1,495 | 1,613 | ||||
| Analyzed by QuantJuice (2025) | |||||||||||