Intrinsic Valuation of: BANKBARODA
Free Cash Flow Average and Growth over past 5Y Key Statistics
Year FCF FCF (FCF/Revenue)
2020 - - EPS (FY) 38 Market Cap ₹1,352B
2021 - - (-) P/E Ratio 7 Total Asset ₹18,618B
2022 ₹28B - (-) Net Income ₹207B Total Debt ₹0
2023 ₹-223B -896.3% (-790.7%) EBITDA - Total Liab ₹17,140B
2024 ₹-76B 65.8% (71.9%) Opr Margin - Debt/Equity -
2025 ₹286B 474.3% (464.8%) PreTax Margin - BV/Share 282
5Y Average FCF ₹3B 3.5% (-84.7%)
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): 7.00% Current US Bond Yield: 3.48%
Forcasting Future Free Cash Flow for next 6Y Modified Benjamin Graham's Intrinsic Value
Year FCF Projection (3.5%)
2026 ₹256B MBG Intrinsic Value ₹343
2027 ₹264B
2028 ₹272B
2029 ₹280B
2030 ₹287B
2031 ₹295B
Terminal Value ₹6,678B Net Worth/Share ₹286
DCF Valuation DCF Valuation "What If" Scenario Table
Enterprise Value ₹5,756B Growth Rate
(+) Cash & Cash Equivalents ₹1,325B ₹1,369 1.5% 2.0% 2.5% 3.0% 3.5%
(-) Total Debt ₹0 WACC 6.5% 1,302 1,393 1,508 1,655 1,850
Equity Value ₹7,081B 7.1% 1,186 1,256 1,340 1,445 1,579
Shares Outstanding 5,171,362,179 7.8% 1,092 1,146 1,211 1,289 1,385
8.4% 1,015 1,058 1,108 1,168 1,240
DCF Intrinsic Value ₹1,369 9.0% 952 987 1,027 1,074 1,130
Analyzed by QuantJuice (2025)