| Intrinsic Valuation of: ICICIGI | |||||||||||
| Free Cash Flow Average and Growth over past 5Y | Key Statistics | ||||||||||
| Year | FCF | FCF (FCF/Revenue) | |||||||||
| 2020 | - | - | EPS (FY) | 50 | Market Cap | ₹1,023B | |||||
| 2021 | - | - (-) | P/E Ratio | 41 | Total Asset | ₹690B | |||||
| 2022 | ₹7B | - (-) | Net Income | ₹25B | Total Debt | ₹0 | |||||
| 2023 | ₹22B | 195.8% (163.8%) | EBITDA | - | Total Liab | ₹545B | |||||
| 2024 | ₹22B | 2.2% (-7.4%) | Opr Margin | - | Debt/Equity | - | |||||
| 2025 | ₹9B | -58.7% (-64.7%) | PreTax Margin | - | BV/Share | 292 | |||||
| 5Y Average FCF | ₹15B | 46.5% (30.6%) | |||||||||
| 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 | ₹11B | MBG Intrinsic Value | ₹450 | ||||||||
| 2027 | ₹14B | ||||||||||
| 2028 | ₹18B | ||||||||||
| 2029 | ₹22B | ||||||||||
| 2030 | ₹28B | ||||||||||
| 2031 | ₹35B | ||||||||||
| Terminal Value | ₹727B | Net Worth/Share | ₹292 | ||||||||
| DCF Valuation | DCF Valuation "What If" Scenario Table | ||||||||||
| Enterprise Value | ₹569B | Growth Rate | |||||||||
| (+) Cash & Cash Equivalents | ₹876M | ₹1,150 | 1.5% | 2.0% | 2.5% | 3.0% | 3.5% | ||||
| (-) Total Debt | ₹0 | WACC | 7.3% | 1,000 | 1,080 | 1,176 | 1,294 | 1,443 | |||
| Equity Value | ₹570B | 7.4% | 990 | 1,069 | 1,163 | 1,278 | 1,423 | ||||
| Shares Outstanding | 495,855,008 | 7.4% | 981 | 1,058 | 1,150 | 1,262 | 1,404 | ||||
| 7.9% | 897 | 960 | 1,035 | 1,125 | 1,235 | ||||||
| DCF Intrinsic Value | ₹1,150 | 8.4% | 825 | 878 | 939 | 1,012 | 1,100 | ||||
| Analyzed by QuantJuice (2025) | |||||||||||