| Intrinsic Valuation of: BHARTIARTL | |||||||||||
| Free Cash Flow Average and Growth over past 5Y | Key Statistics | ||||||||||
| Year | FCF | FCF (FCF/Revenue) | |||||||||
| 2020 | - | - | EPS (FY) | 44 | Market Cap | ₹11,607B | |||||
| 2021 | - | - (-) | P/E Ratio | 43 | Total Asset | ₹5,144B | |||||
| 2022 | ₹276B | - (-) | Net Income | ₹336B | Total Debt | ₹1,049B | |||||
| 2023 | ₹388B | 40.4% (17.6%) | EBITDA | ₹1,016B | Total Liab | ₹3,609B | |||||
| 2024 | ₹388B | 0.2% (-7.1%) | Opr Margin | 27.94 | Debt/Equity | 0.68 | |||||
| 2025 | ₹587B | 51.0% (30.9%) | PreTax Margin | 17.76 | BV/Share | -118 | |||||
| 5Y Average FCF | ₹410B | 15.0% (13.8%) | |||||||||
| 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): | 7.41% | 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 | ₹614B | MBG Intrinsic Value | ₹397 | ||||||||
| 2027 | ₹690B | ||||||||||
| 2028 | ₹759B | ||||||||||
| 2029 | ₹816B | ||||||||||
| 2030 | ₹857B | ||||||||||
| 2031 | ₹878B | ||||||||||
| Terminal Value | ₹18,233B | Net Worth/Share | ₹252 | ||||||||
| DCF Valuation | DCF Valuation "What If" Scenario Table | ||||||||||
| Enterprise Value | ₹15,437B | Growth Rate | |||||||||
| (+) Cash & Cash Equivalents | ₹61B | ₹2,372 | 1.5% | 2.0% | 2.5% | 3.0% | 3.5% | ||||
| (-) Total Debt | ₹1,049B | WACC | 6.5% | 2,438 | 2,670 | 2,959 | 3,331 | 3,826 | |||
| Equity Value | ₹14,449B | 7.2% | 2,100 | 2,269 | 2,472 | 2,724 | 3,043 | ||||
| Shares Outstanding | 6,090,538,098 | 8.0% | 1,839 | 1,965 | 2,115 | 2,296 | 2,516 | ||||
| 8.7% | 1,630 | 1,728 | 1,842 | 1,976 | 2,136 | ||||||
| DCF Intrinsic Value | ₹2,372 | 9.4% | 1,462 | 1,540 | 1,630 | 1,733 | 1,853 | ||||
| Analyzed by QuantJuice (2025) | |||||||||||