| Intrinsic Valuation of: KOTAKBANK | |||||||||||
| Free Cash Flow Average and Growth over past 5Y | Key Statistics | ||||||||||
| Year | FCF | FCF (FCF/Revenue) | |||||||||
| 2020 | - | - | EPS (FY) | 112 | Market Cap | ₹4,342B | |||||
| 2021 | - | - (-) | P/E Ratio | 19 | Total Asset | ₹8,798B | |||||
| 2022 | ₹76B | - (-) | Net Income | ₹221B | Total Debt | ₹0 | |||||
| 2023 | ₹-22B | -129.2% (-125.9%) | EBITDA | - | Total Liab | ₹7,223B | |||||
| 2024 | ₹146B | 753.1% (572.5%) | Opr Margin | - | Debt/Equity | - | |||||
| 2025 | ₹157B | 7.9% (3.4%) | PreTax Margin | - | BV/Share | 787 | |||||
| 5Y Average FCF | ₹89B | 210.6% (150.0%) | |||||||||
| 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 | ₹196B | MBG Intrinsic Value | ₹1,004 | ||||||||
| 2027 | ₹245B | ||||||||||
| 2028 | ₹307B | ||||||||||
| 2029 | ₹383B | ||||||||||
| 2030 | ₹479B | ||||||||||
| 2031 | ₹599B | ||||||||||
| Terminal Value | ₹12,454B | Net Worth/Share | ₹792 | ||||||||
| DCF Valuation | DCF Valuation "What If" Scenario Table | ||||||||||
| Enterprise Value | ₹9,756B | Growth Rate | |||||||||
| (+) Cash & Cash Equivalents | ₹791B | ₹5,305 | 1.5% | 2.0% | 2.5% | 3.0% | 3.5% | ||||
| (-) Total Debt | ₹0 | WACC | 7.3% | 4,664 | 5,005 | 5,415 | 5,921 | 6,559 | |||
| Equity Value | ₹10,547B | 7.4% | 4,624 | 4,958 | 5,360 | 5,853 | 6,474 | ||||
| Shares Outstanding | 1,988,249,984 | 7.4% | 4,585 | 4,911 | 5,305 | 5,787 | 6,391 | ||||
| 7.9% | 4,224 | 4,493 | 4,813 | 5,197 | 5,668 | ||||||
| DCF Intrinsic Value | ₹5,305 | 8.4% | 3,916 | 4,141 | 4,405 | 4,717 | 5,092 | ||||
| Analyzed by QuantJuice (2025) | |||||||||||