| Intrinsic Valuation of: KOTAKBANK | |||||||||||
| Free Cash Flow Average and Growth over past 5Y | Key Statistics | ||||||||||
| Year | FCF | FCF (FCF/Revenue) | |||||||||
| 2021 | - | - | EPS (FY) | 20 | Market Cap | ₹3,850B | |||||
| 2022 | - | - (-) | P/E Ratio | 20 | Total Asset | ₹10,034B | |||||
| 2023 | ₹-22B | - (-) | Net Income | ₹193B | Total Debt | ₹0 | |||||
| 2024 | ₹146B | 753.1% (586.1%) | EBITDA | - | Total Liab | ₹8,221B | |||||
| 2025 | ₹157B | 7.9% (0.5%) | Opr Margin | - | Debt/Equity | - | |||||
| 2026 | ₹407B | 159.0% (148.2%) | PreTax Margin | - | BV/Share | 181 | |||||
| 5Y Average FCF | ₹172B | 15.0% (244.9%) | |||||||||
| 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 (15.0%) | ||||||||||
| 2027 | ₹409B | MBG Intrinsic Value | ₹175 | ||||||||
| 2028 | ₹460B | ||||||||||
| 2029 | ₹506B | ||||||||||
| 2030 | ₹544B | ||||||||||
| 2031 | ₹571B | ||||||||||
| 2032 | ₹585B | ||||||||||
| Terminal Value | ₹13,268B | Net Worth/Share | ₹182 | ||||||||
| DCF Valuation | DCF Valuation "What If" Scenario Table | ||||||||||
| Enterprise Value | ₹11,250B | Growth Rate | |||||||||
| (+) Cash & Cash Equivalents | ₹1,021B | ₹1,234 | 1.5% | 2.0% | 2.5% | 3.0% | 3.5% | ||||
| (-) Total Debt | ₹0 | WACC | 6.5% | 1,164 | 1,259 | 1,377 | 1,528 | 1,730 | |||
| Equity Value | ₹12,271B | 7.1% | 1,045 | 1,116 | 1,204 | 1,313 | 1,451 | ||||
| Shares Outstanding | 9,946,464,950 | 7.8% | 947 | 1,003 | 1,070 | 1,151 | 1,250 | ||||
| 8.4% | 868 | 913 | 965 | 1,027 | 1,101 | ||||||
| DCF Intrinsic Value | ₹1,234 | 9.0% | 803 | 839 | 881 | 930 | 987 | ||||
| Analyzed by QuantJuice (2025) | |||||||||||