Intrinsic Valuation of: HINDUNILVR
Free Cash Flow Average and Growth over past 5Y Key Statistics
Year FCF FCF (FCF/Revenue)
2021 - - EPS (FY) 45 Market Cap ₹5,339B
2022 - - (-) P/E Ratio 50 Total Asset ₹798B
2023 ₹88B - (-) Net Income ₹150B Total Debt ₹0
2024 ₹140B 59.0% (55.3%) EBITDA ₹157B Total Liab ₹307B
2025 ₹106B -24.2% (-23.7%) Opr Margin 21.52 Debt/Equity -
2026 ₹96B -9.2% (-13.7%) PreTax Margin 20.88 BV/Share -2
5Y Average FCF ₹108B 4.8% (6.0%)
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 (4.8%)
2027 ₹105B MBG Intrinsic Value ₹404
2028 ₹109B
2029 ₹113B
2030 ₹117B
2031 ₹121B
2032 ₹124B
Terminal Value ₹2,804B Net Worth/Share ₹209
DCF Valuation DCF Valuation "What If" Scenario Table
Enterprise Value ₹2,412B Growth Rate
(+) Cash & Cash Equivalents ₹26B ₹1,038 1.5% 2.0% 2.5% 3.0% 3.5%
(-) Total Debt ₹0 WACC 6.5% 975 1,060 1,166 1,301 1,482
Equity Value ₹2,438B 7.1% 868 933 1,011 1,108 1,232
Shares Outstanding 2,349,591,262 7.8% 781 831 891 963 1,052
8.4% 710 750 797 852 918
DCF Intrinsic Value ₹1,038 9.0% 652 684 722 765 817
Analyzed by QuantJuice (2025)