| Intrinsic Valuation of: DLF | |||||||||||
| Free Cash Flow Average and Growth over past 5Y | Key Statistics | ||||||||||
| Year | FCF | FCF (FCF/Revenue) | |||||||||
| 2020 | - | - | EPS (FY) | 18 | Market Cap | ₹1,403B | |||||
| 2021 | - | - (-) | P/E Ratio | 32 | Total Asset | ₹695B | |||||
| 2022 | ₹27B | - (-) | Net Income | ₹44B | Total Debt | ₹17B | |||||
| 2023 | ₹23B | -13.9% (-13.4%) | EBITDA | ₹28B | Total Liab | ₹269B | |||||
| 2024 | ₹24B | 4.8% (-4.7%) | Opr Margin | 26.61 | Debt/Equity | 0.04 | |||||
| 2025 | ₹51B | 112.1% (66.8%) | PreTax Margin | 21.90 | BV/Share | 168 | |||||
| 5Y Average FCF | ₹31B | 15.0% (16.2%) | |||||||||
| 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): | 7.06% | 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%) | ||||||||||
| 2026 | ₹52B | MBG Intrinsic Value | ₹160 | ||||||||
| 2027 | ₹59B | ||||||||||
| 2028 | ₹65B | ||||||||||
| 2029 | ₹69B | ||||||||||
| 2030 | ₹73B | ||||||||||
| 2031 | ₹75B | ||||||||||
| Terminal Value | ₹1,672B | Net Worth/Share | ₹172 | ||||||||
| DCF Valuation | DCF Valuation "What If" Scenario Table | ||||||||||
| Enterprise Value | ₹1,417B | Growth Rate | |||||||||
| (+) Cash & Cash Equivalents | ₹3B | ₹567 | 1.5% | 2.0% | 2.5% | 3.0% | 3.5% | ||||
| (-) Total Debt | ₹17B | WACC | 6.5% | 539 | 587 | 648 | 726 | 829 | |||
| Equity Value | ₹1,404B | 7.1% | 476 | 512 | 557 | 612 | 682 | ||||
| Shares Outstanding | 2,475,311,706 | 7.8% | 426 | 454 | 488 | 529 | 579 | ||||
| 8.4% | 385 | 407 | 434 | 465 | 502 | ||||||
| DCF Intrinsic Value | ₹567 | 9.1% | 351 | 369 | 390 | 415 | 443 | ||||
| Analyzed by QuantJuice (2025) | |||||||||||