| Intrinsic Valuation of: MARUTI | |||||||||||
| Free Cash Flow Average and Growth over past 5Y | Key Statistics | ||||||||||
| Year | FCF | FCF (FCF/Revenue) | |||||||||
| 2021 | - | - | EPS (FY) | 467 | Market Cap | ₹4,157B | |||||
| 2022 | - | - (-) | P/E Ratio | 28 | Total Asset | ₹1,489B | |||||
| 2023 | ₹27B | - (-) | Net Income | ₹147B | Total Debt | ₹0 | |||||
| 2024 | ₹76B | 176.4% (130.4%) | EBITDA | ₹261B | Total Liab | ₹417B | |||||
| 2025 | ₹56B | -26.9% (-33.7%) | Opr Margin | 8.16 | Debt/Equity | - | |||||
| 2026 | ₹87B | 56.5% (30.7%) | PreTax Margin | 8.03 | BV/Share | 3,378 | |||||
| 5Y Average FCF | ₹62B | 15.0% (42.5%) | |||||||||
| 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 | ₹91B | MBG Intrinsic Value | ₹4,172 | ||||||||
| 2028 | ₹103B | ||||||||||
| 2029 | ₹113B | ||||||||||
| 2030 | ₹121B | ||||||||||
| 2031 | ₹127B | ||||||||||
| 2032 | ₹131B | ||||||||||
| Terminal Value | ₹2,961B | Net Worth/Share | ₹3,408 | ||||||||
| DCF Valuation | DCF Valuation "What If" Scenario Table | ||||||||||
| Enterprise Value | ₹2,511B | Growth Rate | |||||||||
| (+) Cash & Cash Equivalents | ₹669M | ₹7,989 | 1.5% | 2.0% | 2.5% | 3.0% | 3.5% | ||||
| (-) Total Debt | ₹0 | WACC | 6.5% | 7,497 | 8,165 | 8,999 | 10,071 | 11,497 | |||
| Equity Value | ₹2,512B | 7.1% | 6,653 | 7,161 | 7,779 | 8,546 | 9,523 | ||||
| Shares Outstanding | 314,402,574 | 7.8% | 5,968 | 6,363 | 6,833 | 7,402 | 8,105 | ||||
| 8.4% | 5,408 | 5,722 | 6,090 | 6,526 | 7,051 | ||||||
| DCF Intrinsic Value | ₹7,989 | 9.0% | 4,948 | 5,204 | 5,499 | 5,843 | 6,249 | ||||
| Analyzed by QuantJuice (2025) | |||||||||||