| Intrinsic Valuation of: ICICIGI | |||||||||||
| Free Cash Flow Average and Growth over past 5Y | Key Statistics | ||||||||||
| Year | FCF | FCF (FCF/Revenue) | |||||||||
| 2021 | - | - | EPS (FY) | 55 | Market Cap | ₹916B | |||||
| 2022 | - | - (-) | P/E Ratio | 33 | Total Asset | ₹761B | |||||
| 2023 | ₹22B | - (-) | Net Income | ₹28B | Total Debt | ₹0 | |||||
| 2024 | ₹22B | 2.2% (-12.8%) | EBITDA | - | Total Liab | ₹595B | |||||
| 2025 | ₹9B | -58.7% (-62.5%) | Opr Margin | - | Debt/Equity | - | |||||
| 2026 | ₹24B | 159.6% (130.7%) | PreTax Margin | - | BV/Share | 333 | |||||
| 5Y Average FCF | ₹19B | 15.0% (18.5%) | |||||||||
| 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 | ₹26B | MBG Intrinsic Value | ₹494 | ||||||||
| 2028 | ₹29B | ||||||||||
| 2029 | ₹32B | ||||||||||
| 2030 | ₹34B | ||||||||||
| 2031 | ₹36B | ||||||||||
| 2032 | ₹37B | ||||||||||
| Terminal Value | ₹836B | Net Worth/Share | ₹333 | ||||||||
| DCF Valuation | DCF Valuation "What If" Scenario Table | ||||||||||
| Enterprise Value | ₹709B | Growth Rate | |||||||||
| (+) Cash & Cash Equivalents | ₹10B | ₹1,441 | 1.5% | 2.0% | 2.5% | 3.0% | 3.5% | ||||
| (-) Total Debt | ₹0 | WACC | 6.5% | 1,353 | 1,472 | 1,620 | 1,811 | 2,065 | |||
| Equity Value | ₹719B | 7.1% | 1,203 | 1,294 | 1,403 | 1,540 | 1,714 | ||||
| Shares Outstanding | 498,939,180 | 7.8% | 1,081 | 1,151 | 1,235 | 1,336 | 1,461 | ||||
| 8.4% | 981 | 1,037 | 1,103 | 1,180 | 1,274 | ||||||
| DCF Intrinsic Value | ₹1,441 | 9.0% | 900 | 945 | 998 | 1,059 | 1,131 | ||||
| Analyzed by QuantJuice (2025) | |||||||||||