| Intrinsic Valuation of: FORTIS | |||||||||||
| Free Cash Flow Average and Growth over past 5Y | Key Statistics | ||||||||||
| Year | FCF | FCF (FCF/Revenue) | |||||||||
| 2020 | - | - | EPS (FY) | 10 | Market Cap | ₹600B | |||||
| 2021 | - | - (-) | P/E Ratio | 76 | Total Asset | ₹137B | |||||
| 2022 | ₹6B | - (-) | Net Income | ₹8B | Total Debt | ₹21B | |||||
| 2023 | ₹4B | -42.3% (-47.6%) | EBITDA | ₹16B | Total Liab | ₹45B | |||||
| 2024 | ₹2B | -58.0% (-62.1%) | Opr Margin | 0.15 | Debt/Equity | 0.23 | |||||
| 2025 | ₹6B | 266.1% (224.2%) | PreTax Margin | 13.08 | BV/Share | 57 | |||||
| 5Y Average FCF | ₹4B | 55.3% (38.2%) | |||||||||
| 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 | ₹7B | MBG Intrinsic Value | ₹92 | ||||||||
| 2027 | ₹9B | ||||||||||
| 2028 | ₹11B | ||||||||||
| 2029 | ₹14B | ||||||||||
| 2030 | ₹18B | ||||||||||
| 2031 | ₹22B | ||||||||||
| Terminal Value | ₹458B | Net Worth/Share | ₹121 | ||||||||
| DCF Valuation | DCF Valuation "What If" Scenario Table | ||||||||||
| Enterprise Value | ₹359B | Growth Rate | |||||||||
| (+) Cash & Cash Equivalents | ₹1B | ₹449 | 1.5% | 2.0% | 2.5% | 3.0% | 3.5% | ||||
| (-) Total Debt | ₹21B | WACC | 7.3% | 387 | 420 | 460 | 509 | 570 | |||
| Equity Value | ₹339B | 7.4% | 383 | 415 | 454 | 502 | 562 | ||||
| Shares Outstanding | 754,958,016 | 7.4% | 379 | 411 | 449 | 496 | 554 | ||||
| 7.9% | 344 | 371 | 401 | 439 | 484 | ||||||
| DCF Intrinsic Value | ₹449 | 8.4% | 315 | 336 | 362 | 392 | 429 | ||||
| Analyzed by QuantJuice (2025) | |||||||||||