| Intrinsic Valuation of: HEROMOTOCO | |||||||||||
| Free Cash Flow Average and Growth over past 5Y | Key Statistics | ||||||||||
| Year | FCF | FCF (FCF/Revenue) | |||||||||
| 2021 | - | - | EPS (FY) | 287 | Market Cap | ₹1,013B | |||||
| 2022 | - | - (-) | P/E Ratio | 18 | Total Asset | ₹335B | |||||
| 2023 | ₹20B | - (-) | Net Income | ₹57B | Total Debt | ₹0 | |||||
| 2024 | ₹41B | 105.8% (84.6%) | EBITDA | ₹84B | Total Liab | ₹116B | |||||
| 2025 | ₹34B | -16.8% (-23.5%) | Opr Margin | 12.81 | Debt/Equity | - | |||||
| 2026 | ₹72B | 109.7% (81.0%) | PreTax Margin | 12.64 | BV/Share | 1,027 | |||||
| 5Y Average FCF | ₹42B | 15.0% (47.4%) | |||||||||
| 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): | 7.00% | 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%) | ||||||||||
| 2027 | ₹73B | MBG Intrinsic Value | ₹2,562 | ||||||||
| 2028 | ₹82B | ||||||||||
| 2029 | ₹90B | ||||||||||
| 2030 | ₹97B | ||||||||||
| 2031 | ₹101B | ||||||||||
| 2032 | ₹104B | ||||||||||
| Terminal Value | ₹2,354B | Net Worth/Share | ₹1,090 | ||||||||
| DCF Valuation | DCF Valuation "What If" Scenario Table | ||||||||||
| Enterprise Value | ₹1,996B | Growth Rate | |||||||||
| (+) Cash & Cash Equivalents | ₹7B | ₹10,011 | 1.5% | 2.0% | 2.5% | 3.0% | 3.5% | ||||
| (-) Total Debt | ₹0 | WACC | 6.5% | 9,396 | 10,231 | 11,273 | 12,611 | 14,393 | |||
| Equity Value | ₹2,003B | 7.1% | 8,343 | 8,977 | 9,749 | 10,706 | 11,927 | ||||
| Shares Outstanding | 200,092,938 | 7.8% | 7,486 | 7,980 | 8,568 | 9,278 | 10,155 | ||||
| 8.4% | 6,787 | 7,180 | 7,639 | 8,184 | 8,840 | ||||||
| DCF Intrinsic Value | ₹10,011 | 9.0% | 6,213 | 6,532 | 6,901 | 7,331 | 7,838 | ||||
| Analyzed by QuantJuice (2025) | |||||||||||