| Intrinsic Valuation of: HDFCLIFE | |||||||||||
| Free Cash Flow Average and Growth over past 5Y | Key Statistics | ||||||||||
| Year | FCF | FCF (FCF/Revenue) | |||||||||
| 2020 | - | - | EPS (FY) | 8 | Market Cap | ₹1,754B | |||||
| 2021 | - | - (-) | P/E Ratio | 96 | Total Asset | ₹3,494B | |||||
| 2022 | ₹59B | - (-) | Net Income | ₹18B | Total Debt | ₹30B | |||||
| 2023 | ₹68B | 15.5% (10.8%) | EBITDA | - | Total Liab | ₹3,333B | |||||
| 2024 | ₹106B | 55.8% (7.7%) | Opr Margin | - | Debt/Equity | 0.18 | |||||
| 2025 | ₹153B | 44.5% (51.6%) | PreTax Margin | - | BV/Share | 75 | |||||
| 5Y Average FCF | ₹96B | 38.6% (23.4%) | |||||||||
| 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 | ₹191B | MBG Intrinsic Value | ₹75 | ||||||||
| 2027 | ₹239B | ||||||||||
| 2028 | ₹299B | ||||||||||
| 2029 | ₹373B | ||||||||||
| 2030 | ₹467B | ||||||||||
| 2031 | ₹584B | ||||||||||
| Terminal Value | ₹12,132B | Net Worth/Share | ₹75 | ||||||||
| DCF Valuation | DCF Valuation "What If" Scenario Table | ||||||||||
| Enterprise Value | ₹9,504B | Growth Rate | |||||||||
| (+) Cash & Cash Equivalents | ₹18B | ₹4,407 | 1.5% | 2.0% | 2.5% | 3.0% | 3.5% | ||||
| (-) Total Debt | ₹30B | WACC | 7.3% | 3,831 | 4,137 | 4,506 | 4,961 | 5,534 | |||
| Equity Value | ₹9,493B | 7.4% | 3,795 | 4,095 | 4,456 | 4,900 | 5,458 | ||||
| Shares Outstanding | 2,154,149,888 | 7.4% | 3,759 | 4,053 | 4,407 | 4,840 | 5,384 | ||||
| 7.9% | 3,435 | 3,677 | 3,964 | 4,310 | 4,733 | ||||||
| DCF Intrinsic Value | ₹4,407 | 8.4% | 3,158 | 3,360 | 3,597 | 3,878 | 4,216 | ||||
| Analyzed by QuantJuice (2025) | |||||||||||