| Intrinsic Valuation of: KEI | |||||||||||
| Free Cash Flow Average and Growth over past 5Y | Key Statistics | ||||||||||
| Year | FCF | FCF (FCF/Revenue) | |||||||||
| 2020 | - | - | EPS (FY) | 80 | Market Cap | ₹364B | |||||
| 2021 | - | - (-) | P/E Ratio | 48 | Total Asset | ₹72B | |||||
| 2022 | ₹2B | - (-) | Net Income | ₹7B | Total Debt | ₹0 | |||||
| 2023 | ₹4B | 146.4% (104.3%) | EBITDA | ₹11B | Total Liab | ₹14B | |||||
| 2024 | ₹2B | -49.5% (-57.0%) | Opr Margin | 0.10 | Debt/Equity | - | |||||
| 2025 | ₹-7B | -447.5% (-390.7%) | PreTax Margin | 9.21 | BV/Share | 605 | |||||
| 5Y Average FCF | ₹162M | -116.9% (-114.5%) | |||||||||
| 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 (4.0%) | ||||||||||
| 2026 | ₹169M | MBG Intrinsic Value | ₹712 | ||||||||
| 2027 | ₹176M | ||||||||||
| 2028 | ₹183M | ||||||||||
| 2029 | ₹190M | ||||||||||
| 2030 | ₹197M | ||||||||||
| 2031 | ₹205M | ||||||||||
| Terminal Value | ₹4B | Net Worth/Share | ₹606 | ||||||||
| DCF Valuation | DCF Valuation "What If" Scenario Table | ||||||||||
| Enterprise Value | ₹4B | Growth Rate | |||||||||
| (+) Cash & Cash Equivalents | ₹5B | ₹93 | 1.5% | 2.0% | 2.5% | 3.0% | 3.5% | ||||
| (-) Total Debt | ₹0 | WACC | 7.3% | 89 | 91 | 94 | 98 | 102 | |||
| Equity Value | ₹9B | 7.4% | 89 | 91 | 94 | 97 | 102 | ||||
| Shares Outstanding | 95,552,600 | 7.4% | 88 | 91 | 93 | 97 | 101 | ||||
| 7.9% | 86 | 88 | 90 | 93 | 96 | ||||||
| DCF Intrinsic Value | ₹93 | 8.4% | 83 | 85 | 87 | 89 | 92 | ||||
| Analyzed by QuantJuice (2025) | |||||||||||