Intrinsic Valuation of: IDFCFIRSTB
Free Cash Flow Average and Growth over past 5Y Key Statistics
Year FCF FCF (FCF/Revenue)
2020 - - EPS (FY) 2 Market Cap ₹499B
2021 - - (-) P/E Ratio 39 Total Asset ₹3,439B
2022 ₹21B - (-) Net Income ₹15B Total Debt ₹0
2023 ₹24B 11.6% (-13.7%) EBITDA - Total Liab ₹3,058B
2024 ₹102B 328.2% (227.5%) Opr Margin - Debt/Equity -
2025 ₹135B 33.2% (13.4%) PreTax Margin - BV/Share 52
5Y Average FCF ₹71B 124.3% (75.7%)
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 ₹169B MBG Intrinsic Value ₹16
2027 ₹212B
2028 ₹265B
2029 ₹331B
2030 ₹413B
2031 ₹517B
Terminal Value ₹10,743B Net Worth/Share ₹52
DCF Valuation DCF Valuation "What If" Scenario Table
Enterprise Value ₹8,416B Growth Rate
(+) Cash & Cash Equivalents ₹151B ₹1,168 1.5% 2.0% 2.5% 3.0% 3.5%
(-) Total Debt ₹0 WACC 7.3% 1,018 1,098 1,194 1,312 1,461
Equity Value ₹8,567B 7.4% 1,009 1,087 1,181 1,296 1,441
Shares Outstanding 7,336,620,032 7.4% 999 1,076 1,168 1,280 1,422
7.9% 915 978 1,053 1,143 1,253
DCF Intrinsic Value ₹1,168 8.4% 843 896 957 1,030 1,118
Analyzed by QuantJuice (2025)