| Intrinsic Valuation of: HDFCAMC | |||||||||||
| Free Cash Flow Average and Growth over past 5Y | Key Statistics | ||||||||||
| Year | FCF | FCF (FCF/Revenue) | |||||||||
| 2020 | - | - | EPS (FY) | 115 | Market Cap | ₹1,110B | |||||
| 2021 | - | - (-) | P/E Ratio | 45 | Total Asset | ₹88B | |||||
| 2022 | ₹12B | - (-) | Net Income | ₹25B | Total Debt | ₹0 | |||||
| 2023 | ₹11B | -8.7% (-10.9%) | EBITDA | ₹34B | Total Liab | ₹6B | |||||
| 2024 | ₹16B | 40.6% (17.8%) | Opr Margin | 0.87 | Debt/Equity | - | |||||
| 2025 | ₹20B | 27.2% (-6.0%) | PreTax Margin | 86.81 | BV/Share | 379 | |||||
| 5Y Average FCF | ₹15B | 19.7% (0.3%) | |||||||||
| 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 (19.7%) | ||||||||||
| 2026 | ₹24B | MBG Intrinsic Value | ₹1,026 | ||||||||
| 2027 | ₹29B | ||||||||||
| 2028 | ₹35B | ||||||||||
| 2029 | ₹42B | ||||||||||
| 2030 | ₹50B | ||||||||||
| 2031 | ₹60B | ||||||||||
| Terminal Value | ₹1,241B | Net Worth/Share | ₹380 | ||||||||
| DCF Valuation | DCF Valuation "What If" Scenario Table | ||||||||||
| Enterprise Value | ₹988B | Growth Rate | |||||||||
| (+) Cash & Cash Equivalents | ₹121M | ₹4,619 | 1.5% | 2.0% | 2.5% | 3.0% | 3.5% | ||||
| (-) Total Debt | ₹0 | WACC | 7.3% | 4,027 | 4,342 | 4,722 | 5,191 | 5,781 | |||
| Equity Value | ₹988B | 7.4% | 3,989 | 4,298 | 4,670 | 5,127 | 5,702 | ||||
| Shares Outstanding | 213,910,000 | 7.4% | 3,953 | 4,255 | 4,619 | 5,066 | 5,626 | ||||
| 7.9% | 3,617 | 3,867 | 4,163 | 4,519 | 4,955 | ||||||
| DCF Intrinsic Value | ₹4,619 | 8.4% | 3,331 | 3,540 | 3,784 | 4,073 | 4,421 | ||||
| Analyzed by QuantJuice (2025) | |||||||||||