Intrinsic Valuation of: BLUESTARCO
Free Cash Flow Average and Growth over past 5Y Key Statistics
Year FCF FCF (FCF/Revenue)
2021 - - EPS (FY) 26 Market Cap ₹341B
2022 - - (-) P/E Ratio 65 Total Asset ₹86B
2023 ₹-1B - (-) Net Income ₹5B Total Debt ₹0
2024 ₹-2B -29.5% (-6.9%) EBITDA ₹10B Total Liab ₹51B
2025 ₹3B 308.3% (266.6%) Opr Margin 6.06 Debt/Equity -
2026 ₹-2B -155.4% (-153.5%) PreTax Margin 5.48 BV/Share 156
5Y Average FCF ₹-320M 15.0% (35.4%)
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): 8.98% 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%)
2027 ₹4B MBG Intrinsic Value ₹230
2028 ₹4B
2029 ₹4B
2030 ₹5B
2031 ₹5B
2032 ₹5B
Terminal Value ₹82B Net Worth/Share ₹167
DCF Valuation DCF Valuation "What If" Scenario Table
Enterprise Value ₹69B Growth Rate
(+) Cash & Cash Equivalents ₹4B ₹354 1.5% 2.0% 2.5% 3.0% 3.5%
(-) Total Debt ₹0 WACC 7.0% 434 466 506 557 621
Equity Value ₹73B 8.0% 368 390 416 447 486
Shares Outstanding 205,592,636 9.0% 320 336 354 375 400
10.0% 283 295 308 323 340
DCF Intrinsic Value ₹354 11.0% 254 263 273 284 297
Analyzed by QuantJuice (2025)