| Intrinsic Valuation of: KEI | |||||||||||
| Free Cash Flow Average and Growth over past 5Y | Key Statistics | ||||||||||
| Year | FCF | FCF (FCF/Revenue) | |||||||||
| 2021 | - | - | EPS (FY) | 96 | Market Cap | ₹489B | |||||
| 2022 | - | - (-) | P/E Ratio | 53 | Total Asset | ₹90B | |||||
| 2023 | ₹4B | - (-) | Net Income | ₹9B | Total Debt | ₹0 | |||||
| 2024 | ₹2B | -49.5% (-57.0%) | EBITDA | ₹14B | Total Liab | ₹23B | |||||
| 2025 | ₹-7B | -447.5% (-386.9%) | Opr Margin | 9.69 | Debt/Equity | - | |||||
| 2026 | ₹-4B | 43.3% (53.0%) | PreTax Margin | 9.14 | BV/Share | 697 | |||||
| 5Y Average FCF | ₹-1B | 3.5% (-130.3%) | |||||||||
| 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 (3.5%) | ||||||||||
| 2027 | ₹3B | MBG Intrinsic Value | ₹860 | ||||||||
| 2028 | ₹3B | ||||||||||
| 2029 | ₹3B | ||||||||||
| 2030 | ₹4B | ||||||||||
| 2031 | ₹4B | ||||||||||
| 2032 | ₹4B | ||||||||||
| Terminal Value | ₹85B | Net Worth/Share | ₹697 | ||||||||
| DCF Valuation | DCF Valuation "What If" Scenario Table | ||||||||||
| Enterprise Value | ₹73B | Growth Rate | |||||||||
| (+) Cash & Cash Equivalents | ₹14B | ₹914 | 1.5% | 2.0% | 2.5% | 3.0% | 3.5% | ||||
| (-) Total Debt | ₹0 | WACC | 6.5% | 868 | 931 | 1,009 | 1,110 | 1,244 | |||
| Equity Value | ₹87B | 7.1% | 789 | 836 | 894 | 966 | 1,058 | ||||
| Shares Outstanding | 95,600,595 | 7.8% | 724 | 761 | 805 | 859 | 925 | ||||
| 8.4% | 671 | 701 | 735 | 776 | 826 | ||||||
| DCF Intrinsic Value | ₹914 | 9.0% | 628 | 652 | 680 | 712 | 750 | ||||
| Analyzed by QuantJuice (2025) | |||||||||||