| Intrinsic Valuation of: BRITANNIA | |||||||||||
| Free Cash Flow Average and Growth over past 5Y | Key Statistics | ||||||||||
| Year | FCF | FCF (FCF/Revenue) | |||||||||
| 2020 | - | - | EPS (FY) | 89 | Market Cap | ₹1,410B | |||||
| 2021 | - | - (-) | P/E Ratio | 65 | Total Asset | ₹88B | |||||
| 2022 | ₹7B | - (-) | Net Income | ₹22B | Total Debt | ₹7B | |||||
| 2023 | ₹18B | 142.2% (111.3%) | EBITDA | ₹34B | Total Liab | ₹45B | |||||
| 2024 | ₹20B | 11.3% (7.5%) | Opr Margin | 0.16 | Debt/Equity | 0.16 | |||||
| 2025 | ₹21B | 4.2% (-1.6%) | PreTax Margin | 15.60 | BV/Share | 175 | |||||
| 5Y Average FCF | ₹17B | 52.6% (39.1%) | |||||||||
| 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 | ₹26B | MBG Intrinsic Value | ₹796 | ||||||||
| 2027 | ₹33B | ||||||||||
| 2028 | ₹41B | ||||||||||
| 2029 | ₹51B | ||||||||||
| 2030 | ₹64B | ||||||||||
| 2031 | ₹80B | ||||||||||
| Terminal Value | ₹1,670B | Net Worth/Share | ₹182 | ||||||||
| DCF Valuation | DCF Valuation "What If" Scenario Table | ||||||||||
| Enterprise Value | ₹1,308B | Growth Rate | |||||||||
| (+) Cash & Cash Equivalents | ₹1B | ₹5,408 | 1.5% | 2.0% | 2.5% | 3.0% | 3.5% | ||||
| (-) Total Debt | ₹7B | WACC | 7.3% | 4,699 | 5,076 | 5,530 | 6,090 | 6,796 | |||
| Equity Value | ₹1,303B | 7.4% | 4,654 | 5,024 | 5,468 | 6,015 | 6,702 | ||||
| Shares Outstanding | 240,868,000 | 7.4% | 4,611 | 4,973 | 5,408 | 5,941 | 6,611 | ||||
| 7.9% | 4,211 | 4,510 | 4,863 | 5,289 | 5,810 | ||||||
| DCF Intrinsic Value | ₹5,408 | 8.4% | 3,870 | 4,120 | 4,412 | 4,757 | 5,173 | ||||
| Analyzed by QuantJuice (2025) | |||||||||||