| Intrinsic Valuation of: BHARTIHEXA | |||||||||||
| Free Cash Flow Average and Growth over past 5Y | Key Statistics | ||||||||||
| Year | FCF | FCF (FCF/Revenue) | |||||||||
| 2020 | - | - | EPS (FY) | 30 | Market Cap | ₹992B | |||||
| 2021 | - | - (-) | P/E Ratio | 66 | Total Asset | ₹193B | |||||
| 2022 | ₹-907M | - (-) | Net Income | ₹15B | Total Debt | ₹27B | |||||
| 2023 | ₹42B | 4690.5% (3871.5%) | EBITDA | ₹46B | Total Liab | ₹133B | |||||
| 2024 | ₹15B | -64.3% (-66.8%) | Opr Margin | 0.25 | Debt/Equity | 0.45 | |||||
| 2025 | ₹31B | 107.7% (72.3%) | PreTax Margin | 16.55 | BV/Share | -6 | |||||
| 5Y Average FCF | ₹22B | 1578.0% (1292.3%) | |||||||||
| 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 | ₹39B | MBG Intrinsic Value | ₹268 | ||||||||
| 2027 | ₹48B | ||||||||||
| 2028 | ₹60B | ||||||||||
| 2029 | ₹75B | ||||||||||
| 2030 | ₹94B | ||||||||||
| 2031 | ₹118B | ||||||||||
| Terminal Value | ₹2,451B | Net Worth/Share | ₹119 | ||||||||
| DCF Valuation | DCF Valuation "What If" Scenario Table | ||||||||||
| Enterprise Value | ₹1,920B | Growth Rate | |||||||||
| (+) Cash & Cash Equivalents | ₹171M | ₹3,788 | 1.5% | 2.0% | 2.5% | 3.0% | 3.5% | ||||
| (-) Total Debt | ₹27B | WACC | 7.3% | 3,286 | 3,553 | 3,874 | 4,270 | 4,769 | |||
| Equity Value | ₹1,894B | 7.4% | 3,255 | 3,516 | 3,831 | 4,217 | 4,703 | ||||
| Shares Outstanding | 500,000,000 | 7.4% | 3,224 | 3,480 | 3,788 | 4,165 | 4,638 | ||||
| 7.9% | 2,942 | 3,153 | 3,403 | 3,703 | 4,072 | ||||||
| DCF Intrinsic Value | ₹3,788 | 8.4% | 2,700 | 2,877 | 3,083 | 3,328 | 3,621 | ||||
| Analyzed by QuantJuice (2025) | |||||||||||