| Intrinsic Valuation of: BHARTIARTL | |||||||||||
| Free Cash Flow Average and Growth over past 5Y | Key Statistics | ||||||||||
| Year | FCF | FCF (FCF/Revenue) | |||||||||
| 2020 | - | - | EPS (FY) | 56 | Market Cap | ₹12,052B | |||||
| 2021 | - | - (-) | P/E Ratio | 36 | Total Asset | ₹5,144B | |||||
| 2022 | ₹276B | - (-) | Net Income | ₹336B | Total Debt | ₹1,049B | |||||
| 2023 | ₹388B | 40.4% (17.6%) | EBITDA | ₹1,057B | Total Liab | ₹3,609B | |||||
| 2024 | ₹267B | -31.2% (-36.2%) | Opr Margin | 0.28 | Debt/Equity | 0.68 | |||||
| 2025 | ₹373B | 39.8% (21.2%) | PreTax Margin | 14.93 | BV/Share | -126 | |||||
| 5Y Average FCF | ₹326B | 16.3% (0.9%) | |||||||||
| 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 (16.3%) | ||||||||||
| 2026 | ₹434B | MBG Intrinsic Value | ₹502 | ||||||||
| 2027 | ₹505B | ||||||||||
| 2028 | ₹587B | ||||||||||
| 2029 | ₹683B | ||||||||||
| 2030 | ₹795B | ||||||||||
| 2031 | ₹925B | ||||||||||
| Terminal Value | ₹19,231B | Net Worth/Share | ₹269 | ||||||||
| DCF Valuation | DCF Valuation "What If" Scenario Table | ||||||||||
| Enterprise Value | ₹15,495B | Growth Rate | |||||||||
| (+) Cash & Cash Equivalents | ₹61B | ₹2,546 | 1.5% | 2.0% | 2.5% | 3.0% | 3.5% | ||||
| (-) Total Debt | ₹1,049B | WACC | 7.3% | 2,201 | 2,385 | 2,606 | 2,878 | 3,222 | |||
| Equity Value | ₹14,507B | 7.4% | 2,179 | 2,359 | 2,576 | 2,842 | 3,176 | ||||
| Shares Outstanding | 5,697,959,936 | 7.4% | 2,158 | 2,334 | 2,546 | 2,806 | 3,132 | ||||
| 7.9% | 1,963 | 2,108 | 2,280 | 2,487 | 2,741 | ||||||
| DCF Intrinsic Value | ₹2,546 | 8.4% | 1,796 | 1,917 | 2,059 | 2,228 | 2,430 | ||||
| Analyzed by QuantJuice (2025) | |||||||||||