| Intrinsic Valuation of: BANDHANBNK | |||||||||||
| Free Cash Flow Average and Growth over past 5Y | Key Statistics | ||||||||||
| Year | FCF | FCF (FCF/Revenue) | |||||||||
| 2021 | - | - | EPS (FY) | 8 | Market Cap | ₹313B | |||||
| 2022 | - | - (-) | P/E Ratio | 26 | Total Asset | ₹2,111B | |||||
| 2023 | ₹-47B | - (-) | Net Income | ₹12B | Total Debt | ₹0 | |||||
| 2024 | ₹143B | 406.0% (387.3%) | EBITDA | - | Total Liab | ₹1,855B | |||||
| 2025 | ₹25B | -82.7% (-85.1%) | Opr Margin | - | Debt/Equity | - | |||||
| 2026 | ₹6B | -75.1% (-73.4%) | PreTax Margin | - | BV/Share | 159 | |||||
| 5Y Average FCF | ₹32B | 15.0% (76.3%) | |||||||||
| 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): | 7.90% | 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 | ₹25B | MBG Intrinsic Value | ₹68 | ||||||||
| 2028 | ₹28B | ||||||||||
| 2029 | ₹31B | ||||||||||
| 2030 | ₹33B | ||||||||||
| 2031 | ₹35B | ||||||||||
| 2032 | ₹36B | ||||||||||
| Terminal Value | ₹673B | Net Worth/Share | ₹159 | ||||||||
| DCF Valuation | DCF Valuation "What If" Scenario Table | ||||||||||
| Enterprise Value | ₹569B | Growth Rate | |||||||||
| (+) Cash & Cash Equivalents | ₹140B | ₹440 | 1.5% | 2.0% | 2.5% | 3.0% | 3.5% | ||||
| (-) Total Debt | ₹0 | WACC | 6.5% | 485 | 521 | 565 | 622 | 698 | |||
| Equity Value | ₹709B | 7.3% | 426 | 451 | 480 | 517 | 562 | ||||
| Shares Outstanding | 1,611,017,956 | 8.2% | 382 | 400 | 421 | 446 | 476 | ||||
| 9.1% | 348 | 361 | 377 | 395 | 416 | ||||||
| DCF Intrinsic Value | ₹440 | 9.9% | 321 | 331 | 343 | 356 | 372 | ||||
| Analyzed by QuantJuice (2025) | |||||||||||