| Intrinsic Valuation of: FORTIS | |||||||||||
| Free Cash Flow Average and Growth over past 5Y | Key Statistics | ||||||||||
| Year | FCF | FCF (FCF/Revenue) | |||||||||
| 2020 | - | - | EPS (FY) | 13 | Market Cap | ₹728B | |||||
| 2021 | - | - (-) | P/E Ratio | 76 | Total Asset | ₹137B | |||||
| 2022 | ₹6B | - (-) | Net Income | ₹8B | Total Debt | ₹21B | |||||
| 2023 | ₹4B | -42.3% (-47.6%) | EBITDA | ₹15B | Total Liab | ₹45B | |||||
| 2024 | ₹2B | -58.0% (-61.8%) | Opr Margin | 15.44 | Debt/Equity | 0.23 | |||||
| 2025 | ₹6B | 266.0% (223.9%) | PreTax Margin | 13.44 | BV/Share | 57 | |||||
| 5Y Average FCF | ₹4B | 15.0% (38.2%) | |||||||||
| 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): | 7.28% | 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 | ₹6B | MBG Intrinsic Value | ₹114 | ||||||||
| 2027 | ₹7B | ||||||||||
| 2028 | ₹8B | ||||||||||
| 2029 | ₹8B | ||||||||||
| 2030 | ₹9B | ||||||||||
| 2031 | ₹9B | ||||||||||
| Terminal Value | ₹188B | Net Worth/Share | ₹121 | ||||||||
| DCF Valuation | DCF Valuation "What If" Scenario Table | ||||||||||
| Enterprise Value | ₹159B | Growth Rate | |||||||||
| (+) Cash & Cash Equivalents | ₹1B | ₹185 | 1.5% | 2.0% | 2.5% | 3.0% | 3.5% | ||||
| (-) Total Debt | ₹21B | WACC | 6.5% | 185 | 204 | 227 | 257 | 297 | |||
| Equity Value | ₹140B | 7.2% | 159 | 172 | 189 | 210 | 236 | ||||
| Shares Outstanding | 754,958,148 | 7.9% | 138 | 149 | 161 | 176 | 195 | ||||
| 8.6% | 122 | 130 | 139 | 151 | 164 | ||||||
| DCF Intrinsic Value | ₹185 | 9.3% | 108 | 115 | 122 | 131 | 141 | ||||
| Analyzed by QuantJuice (2025) | |||||||||||