| Intrinsic Valuation of: BHARTIARTL | |||||||||||
| Free Cash Flow Average and Growth over past 5Y | Key Statistics | ||||||||||
| Year | FCF | FCF (FCF/Revenue) | |||||||||
| 2020 | - | - | EPS (FY) | 59 | Market Cap | ₹11,326B | |||||
| 2021 | - | - (-) | P/E Ratio | 32 | 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 | 0.28 | Debt/Equity | 0.68 | |||||
| 2025 | ₹587B | 51.0% (30.9%) | PreTax Margin | 17.76 | BV/Share | -126 | |||||
| 5Y Average FCF | ₹410B | 30.5% (13.8%) | |||||||||
| 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 (25.0%) | ||||||||||
| 2026 | ₹733B | MBG Intrinsic Value | ₹527 | ||||||||
| 2027 | ₹916B | ||||||||||
| 2028 | ₹1,146B | ||||||||||
| 2029 | ₹1,432B | ||||||||||
| 2030 | ₹1,790B | ||||||||||
| 2031 | ₹2,237B | ||||||||||
| Terminal Value | ₹46,518B | Net Worth/Share | ₹269 | ||||||||
| DCF Valuation | DCF Valuation "What If" Scenario Table | ||||||||||
| Enterprise Value | ₹36,442B | Growth Rate | |||||||||
| (+) Cash & Cash Equivalents | ₹61B | ₹6,222 | 1.5% | 2.0% | 2.5% | 3.0% | 3.5% | ||||
| (-) Total Debt | ₹1,049B | WACC | 7.3% | 5,387 | 5,831 | 6,366 | 7,026 | 7,857 | |||
| Equity Value | ₹35,454B | 7.4% | 5,335 | 5,770 | 6,294 | 6,937 | 7,746 | ||||
| Shares Outstanding | 5,698,039,808 | 7.4% | 5,284 | 5,710 | 6,222 | 6,850 | 7,638 | ||||
| 7.9% | 4,813 | 5,165 | 5,581 | 6,082 | 6,696 | ||||||
| DCF Intrinsic Value | ₹6,222 | 8.4% | 4,412 | 4,706 | 5,049 | 5,456 | 5,945 | ||||
| Analyzed by QuantJuice (2025) | |||||||||||