| Intrinsic Valuation of: BEL | |||||||||||
| Free Cash Flow Average and Growth over past 5Y | Key Statistics | ||||||||||
| Year | FCF | FCF (FCF/Revenue) | |||||||||
| 2020 | - | - | EPS (FY) | 8 | Market Cap | ₹3,097B | |||||
| 2021 | - | - (-) | P/E Ratio | 52 | Total Asset | ₹408B | |||||
| 2022 | ₹37B | - (-) | Net Income | ₹53B | Total Debt | ₹0 | |||||
| 2023 | ₹6B | -83.3% (-85.6%) | EBITDA | ₹76B | Total Liab | ₹208B | |||||
| 2024 | ₹40B | 558.2% (475.5%) | Opr Margin | 28.23 | Debt/Equity | - | |||||
| 2025 | ₹-4B | -110.6% (-109.1%) | PreTax Margin | 28.19 | BV/Share | 26 | |||||
| 5Y Average FCF | ₹20B | 15.0% (93.6%) | |||||||||
| 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 (15.0%) | ||||||||||
| 2026 | ₹32B | MBG Intrinsic Value | ₹73 | ||||||||
| 2027 | ₹36B | ||||||||||
| 2028 | ₹39B | ||||||||||
| 2029 | ₹42B | ||||||||||
| 2030 | ₹44B | ||||||||||
| 2031 | ₹45B | ||||||||||
| Terminal Value | ₹1,028B | Net Worth/Share | ₹27 | ||||||||
| DCF Valuation | DCF Valuation "What If" Scenario Table | ||||||||||
| Enterprise Value | ₹872B | Growth Rate | |||||||||
| (+) Cash & Cash Equivalents | ₹7B | ₹120 | 1.5% | 2.0% | 2.5% | 3.0% | 3.5% | ||||
| (-) Total Debt | ₹0 | WACC | 6.5% | 113 | 123 | 135 | 151 | 173 | |||
| Equity Value | ₹879B | 7.1% | 100 | 108 | 117 | 129 | 143 | ||||
| Shares Outstanding | 7,309,778,829 | 7.8% | 90 | 96 | 103 | 111 | 122 | ||||
| 8.4% | 82 | 86 | 92 | 98 | 106 | ||||||
| DCF Intrinsic Value | ₹120 | 9.0% | 75 | 79 | 83 | 88 | 94 | ||||
| Analyzed by QuantJuice (2025) | |||||||||||