|
|
|
|
|
|
|
|
|
|
|
|
|
|
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) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|