| Intrinsic Valuation of: BHARTIHEXA | |||||||||||
| Free Cash Flow Average and Growth over past 5Y | Key Statistics | ||||||||||
| Year | FCF | FCF (FCF/Revenue) | |||||||||
| 2020 | - | - | EPS (FY) | 35 | Market Cap | ₹781B | |||||
| 2021 | - | - (-) | P/E Ratio | 45 | Total Asset | ₹193B | |||||
| 2022 | ₹-907M | - (-) | Net Income | ₹15B | Total Debt | ₹27B | |||||
| 2023 | ₹42B | 4690.5% (3871.5%) | EBITDA | ₹45B | Total Liab | ₹133B | |||||
| 2024 | ₹15B | -64.3% (-66.8%) | Opr Margin | 25.20 | Debt/Equity | 0.45 | |||||
| 2025 | ₹31B | 107.7% (72.3%) | PreTax Margin | 18.13 | BV/Share | -6 | |||||
| 5Y Average FCF | ₹22B | 15.0% (1292.3%) | |||||||||
| 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): | 7.15% | 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 | ₹35B | MBG Intrinsic Value | ₹310 | ||||||||
| 2027 | ₹39B | ||||||||||
| 2028 | ₹43B | ||||||||||
| 2029 | ₹46B | ||||||||||
| 2030 | ₹49B | ||||||||||
| 2031 | ₹50B | ||||||||||
| Terminal Value | ₹1,097B | Net Worth/Share | ₹119 | ||||||||
| DCF Valuation | DCF Valuation "What If" Scenario Table | ||||||||||
| Enterprise Value | ₹930B | Growth Rate | |||||||||
| (+) Cash & Cash Equivalents | ₹171M | ₹1,806 | 1.5% | 2.0% | 2.5% | 3.0% | 3.5% | ||||
| (-) Total Debt | ₹27B | WACC | 6.5% | 1,751 | 1,911 | 2,112 | 2,370 | 2,713 | |||
| Equity Value | ₹903B | 7.2% | 1,536 | 1,656 | 1,802 | 1,983 | 2,213 | ||||
| Shares Outstanding | 500,000,000 | 7.8% | 1,367 | 1,459 | 1,569 | 1,702 | 1,865 | ||||
| 8.5% | 1,227 | 1,300 | 1,385 | 1,485 | 1,606 | ||||||
| DCF Intrinsic Value | ₹1,806 | 9.2% | 1,113 | 1,172 | 1,240 | 1,318 | 1,410 | ||||
| Analyzed by QuantJuice (2025) | |||||||||||