| Intrinsic Valuation of: HEROMOTOCO | |||||||||||
| Free Cash Flow Average and Growth over past 5Y | Key Statistics | ||||||||||
| Year | FCF | FCF (FCF/Revenue) | |||||||||
| 2020 | - | - | EPS (FY) | 218 | Market Cap | ₹847B | |||||
| 2021 | - | - (-) | P/E Ratio | 19 | Total Asset | ₹284B | |||||
| 2022 | ₹15B | - (-) | Net Income | ₹44B | Total Debt | ₹0 | |||||
| 2023 | ₹20B | 31.0% (12.5%) | EBITDA | ₹68B | Total Liab | ₹90B | |||||
| 2024 | ₹41B | 105.8% (83.7%) | Opr Margin | 0.13 | Debt/Equity | - | |||||
| 2025 | ₹34B | -16.8% (-23.2%) | PreTax Margin | 12.34 | BV/Share | 915 | |||||
| 5Y Average FCF | ₹28B | 40.0% (24.3%) | |||||||||
| 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 (25.0%) | ||||||||||
| 2026 | ₹43B | MBG Intrinsic Value | ₹1,950 | ||||||||
| 2027 | ₹54B | ||||||||||
| 2028 | ₹67B | ||||||||||
| 2029 | ₹84B | ||||||||||
| 2030 | ₹105B | ||||||||||
| 2031 | ₹131B | ||||||||||
| Terminal Value | ₹2,729B | Net Worth/Share | ₹970 | ||||||||
| DCF Valuation | DCF Valuation "What If" Scenario Table | ||||||||||
| Enterprise Value | ₹2,138B | Growth Rate | |||||||||
| (+) Cash & Cash Equivalents | ₹4B | ₹10,708 | 1.5% | 2.0% | 2.5% | 3.0% | 3.5% | ||||
| (-) Total Debt | ₹0 | WACC | 7.3% | 9,313 | 10,054 | 10,949 | 12,051 | 13,440 | |||
| Equity Value | ₹2,142B | 7.4% | 9,225 | 9,952 | 10,827 | 11,903 | 13,255 | ||||
| Shares Outstanding | 200,016,000 | 7.4% | 9,139 | 9,851 | 10,708 | 11,758 | 13,075 | ||||
| 7.9% | 8,353 | 8,941 | 9,637 | 10,473 | 11,499 | ||||||
| DCF Intrinsic Value | ₹10,708 | 8.4% | 7,682 | 8,173 | 8,748 | 9,427 | 10,245 | ||||
| Analyzed by QuantJuice (2025) | |||||||||||