| Intrinsic Valuation of: COFORGE | |||||||||||
| Free Cash Flow Average and Growth over past 5Y | Key Statistics | ||||||||||
| Year | FCF | FCF (FCF/Revenue) | |||||||||
| 2020 | - | - | EPS (FY) | 25 | Market Cap | ₹644B | |||||
| 2021 | - | - (-) | P/E Ratio | 76 | Total Asset | ₹125B | |||||
| 2022 | ₹6B | - (-) | Net Income | ₹8B | Total Debt | ₹67M | |||||
| 2023 | ₹8B | 29.6% (4.0%) | EBITDA | ₹19B | Total Liab | ₹42B | |||||
| 2024 | ₹6B | -19.5% (-28.4%) | Opr Margin | 0.11 | Debt/Equity | 0.00 | |||||
| 2025 | ₹6B | -2.4% (-27.0%) | PreTax Margin | 9.39 | BV/Share | 42 | |||||
| 5Y Average FCF | ₹7B | 2.6% (-17.1%) | |||||||||
| 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 (4.0%) | ||||||||||
| 2026 | ₹6B | MBG Intrinsic Value | ₹225 | ||||||||
| 2027 | ₹7B | ||||||||||
| 2028 | ₹7B | ||||||||||
| 2029 | ₹7B | ||||||||||
| 2030 | ₹8B | ||||||||||
| 2031 | ₹8B | ||||||||||
| Terminal Value | ₹164B | Net Worth/Share | ₹249 | ||||||||
| DCF Valuation | DCF Valuation "What If" Scenario Table | ||||||||||
| Enterprise Value | ₹140B | Growth Rate | |||||||||
| (+) Cash & Cash Equivalents | ₹8B | ₹442 | 1.5% | 2.0% | 2.5% | 3.0% | 3.5% | ||||
| (-) Total Debt | ₹67M | WACC | 7.3% | 392 | 419 | 451 | 490 | 540 | |||
| Equity Value | ₹148B | 7.4% | 389 | 415 | 446 | 485 | 534 | ||||
| Shares Outstanding | 334,425,984 | 7.4% | 386 | 411 | 442 | 480 | 527 | ||||
| 7.9% | 357 | 378 | 403 | 433 | 470 | ||||||
| DCF Intrinsic Value | ₹442 | 8.4% | 333 | 350 | 371 | 395 | 425 | ||||
| Analyzed by QuantJuice (2025) | |||||||||||