| Intrinsic Valuation of: COFORGE | |||||||||||
| Free Cash Flow Average and Growth over past 5Y | Key Statistics | ||||||||||
| Year | FCF | FCF (FCF/Revenue) | |||||||||
| 2021 | - | - | EPS (FY) | 44 | Market Cap | ₹551B | |||||
| 2022 | - | - (-) | P/E Ratio | 29 | Total Asset | ₹149B | |||||
| 2023 | ₹8B | - (-) | Net Income | ₹16B | Total Debt | ₹1B | |||||
| 2024 | ₹6B | -19.5% (-28.4%) | EBITDA | ₹28B | Total Liab | ₹52B | |||||
| 2025 | ₹6B | -2.4% (-27.2%) | Opr Margin | 14.42 | Debt/Equity | 0.01 | |||||
| 2026 | ₹10B | 68.5% (24.0%) | PreTax Margin | 13.39 | BV/Share | 94 | |||||
| 5Y Average FCF | ₹8B | 15.0% (-10.5%) | |||||||||
| 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): | 7.00% | 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 | ₹11B | MBG Intrinsic Value | ₹392 | ||||||||
| 2028 | ₹13B | ||||||||||
| 2029 | ₹14B | ||||||||||
| 2030 | ₹15B | ||||||||||
| 2031 | ₹16B | ||||||||||
| 2032 | ₹16B | ||||||||||
| Terminal Value | ₹361B | Net Worth/Share | ₹225 | ||||||||
| DCF Valuation | DCF Valuation "What If" Scenario Table | ||||||||||
| Enterprise Value | ₹306B | Growth Rate | |||||||||
| (+) Cash & Cash Equivalents | ₹11B | ₹734 | 1.5% | 2.0% | 2.5% | 3.0% | 3.5% | ||||
| (-) Total Debt | ₹1B | WACC | 6.5% | 691 | 750 | 825 | 920 | 1,048 | |||
| Equity Value | ₹315B | 7.1% | 615 | 660 | 715 | 783 | 869 | ||||
| Shares Outstanding | 429,647,126 | 7.8% | 555 | 590 | 632 | 683 | 745 | ||||
| 8.4% | 505 | 533 | 566 | 604 | 651 | ||||||
| DCF Intrinsic Value | ₹734 | 9.0% | 464 | 487 | 513 | 544 | 580 | ||||
| Analyzed by QuantJuice (2025) | |||||||||||