| Intrinsic Valuation of: BAJFINANCE | |||||||||||
| Free Cash Flow Average and Growth over past 5Y | Key Statistics | ||||||||||
| Year | FCF | FCF (FCF/Revenue) | |||||||||
| 2020 | - | - | EPS (FY) | 27 | Market Cap | ₹5,818B | |||||
| 2021 | - | - (-) | P/E Ratio | 35 | Total Asset | ₹4,661B | |||||
| 2022 | ₹-377B | - (-) | Net Income | ₹166B | Total Debt | ₹0 | |||||
| 2023 | ₹-430B | -14.0% (14.9%) | EBITDA | - | Total Liab | ₹3,672B | |||||
| 2024 | ₹-709B | -64.9% (-29.5%) | Opr Margin | - | Debt/Equity | - | |||||
| 2025 | ₹-692B | 2.3% (20.8%) | PreTax Margin | - | BV/Share | 154 | |||||
| 5Y Average FCF | ₹-552B | -25.5% (2.1%) | |||||||||
| 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 | ₹-574B | MBG Intrinsic Value | ₹240 | ||||||||
| 2027 | ₹-597B | ||||||||||
| 2028 | ₹-621B | ||||||||||
| 2029 | ₹-646B | ||||||||||
| 2030 | ₹-672B | ||||||||||
| 2031 | ₹-699B | ||||||||||
| Terminal Value | ₹-14,524B | Net Worth/Share | ₹159 | ||||||||
| DCF Valuation | DCF Valuation "What If" Scenario Table | ||||||||||
| Enterprise Value | ₹-12,409B | Growth Rate | |||||||||
| (+) Cash & Cash Equivalents | ₹135B | ₹-1,976 | 1.5% | 2.0% | 2.5% | 3.0% | 3.5% | ||||
| (-) Total Debt | ₹0 | WACC | 7.3% | -1,737 | -1,864 | -2,018 | -2,206 | -2,444 | |||
| Equity Value | ₹-12,274B | 7.4% | -1,722 | -1,846 | -1,996 | -2,181 | -2,412 | ||||
| Shares Outstanding | 6,211,939,840 | 7.4% | -1,707 | -1,829 | -1,976 | -2,156 | -2,381 | ||||
| 7.9% | -1,570 | -1,671 | -1,790 | -1,934 | -2,110 | ||||||
| DCF Intrinsic Value | ₹-1,976 | 8.4% | -1,454 | -1,538 | -1,636 | -1,753 | -1,893 | ||||
| Analyzed by QuantJuice (2025) | |||||||||||