| Intrinsic Valuation of: BSE | |||||||||||
| Free Cash Flow Average and Growth over past 5Y | Key Statistics | ||||||||||
| Year | FCF | FCF (FCF/Revenue) | |||||||||
| 2020 | - | - | EPS (FY) | 39 | Market Cap | ₹851B | |||||
| 2021 | - | - (-) | P/E Ratio | 54 | Total Asset | ₹103B | |||||
| 2022 | ₹14B | - (-) | Net Income | ₹13B | Total Debt | ₹0 | |||||
| 2023 | ₹-3B | -119.9% (-118.1%) | EBITDA | ₹19B | Total Liab | ₹58B | |||||
| 2024 | ₹25B | 995.6% (632.8%) | Opr Margin | 0.48 | Debt/Equity | - | |||||
| 2025 | ₹3B | -89.6% (-95.2%) | PreTax Margin | 48.11 | BV/Share | 107 | |||||
| 5Y Average FCF | ₹10B | 262.0% (139.8%) | |||||||||
| 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 | ₹3B | MBG Intrinsic Value | ₹347 | ||||||||
| 2027 | ₹4B | ||||||||||
| 2028 | ₹5B | ||||||||||
| 2029 | ₹6B | ||||||||||
| 2030 | ₹8B | ||||||||||
| 2031 | ₹10B | ||||||||||
| Terminal Value | ₹207B | Net Worth/Share | ₹113 | ||||||||
| DCF Valuation | DCF Valuation "What If" Scenario Table | ||||||||||
| Enterprise Value | ₹162B | Growth Rate | |||||||||
| (+) Cash & Cash Equivalents | ₹240M | ₹400 | 1.5% | 2.0% | 2.5% | 3.0% | 3.5% | ||||
| (-) Total Debt | ₹0 | WACC | 7.3% | 348 | 375 | 409 | 450 | 502 | |||
| Equity Value | ₹162B | 7.4% | 344 | 372 | 404 | 444 | 495 | ||||
| Shares Outstanding | 406,128,992 | 7.4% | 341 | 368 | 400 | 439 | 488 | ||||
| 7.9% | 312 | 334 | 360 | 391 | 429 | ||||||
| DCF Intrinsic Value | ₹400 | 8.4% | 287 | 305 | 327 | 352 | 383 | ||||
| Analyzed by QuantJuice (2025) | |||||||||||