| Intrinsic Valuation of: MARUTI | |||||||||||
| Free Cash Flow Average and Growth over past 5Y | Key Statistics | ||||||||||
| Year | FCF | FCF (FCF/Revenue) | |||||||||
| 2020 | - | - | EPS (FY) | 462 | Market Cap | ₹3,912B | |||||
| 2021 | - | - (-) | P/E Ratio | 27 | Total Asset | ₹1,320B | |||||
| 2022 | ₹-16B | - (-) | Net Income | ₹145B | Total Debt | ₹0 | |||||
| 2023 | ₹27B | 269.9% (227.2%) | EBITDA | ₹254B | Total Liab | ₹357B | |||||
| 2024 | ₹76B | 176.4% (133.1%) | Opr Margin | 0.10 | Debt/Equity | - | |||||
| 2025 | ₹55B | -27.7% (-32.8%) | PreTax Margin | 9.89 | BV/Share | 3,033 | |||||
| 5Y Average FCF | ₹36B | 139.5% (109.2%) | |||||||||
| 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 | ₹69B | MBG Intrinsic Value | ₹4,129 | ||||||||
| 2027 | ₹86B | ||||||||||
| 2028 | ₹107B | ||||||||||
| 2029 | ₹134B | ||||||||||
| 2030 | ₹168B | ||||||||||
| 2031 | ₹210B | ||||||||||
| Terminal Value | ₹4,359B | Net Worth/Share | ₹3,061 | ||||||||
| DCF Valuation | DCF Valuation "What If" Scenario Table | ||||||||||
| Enterprise Value | ₹3,415B | Growth Rate | |||||||||
| (+) Cash & Cash Equivalents | ₹2B | ₹10,866 | 1.5% | 2.0% | 2.5% | 3.0% | 3.5% | ||||
| (-) Total Debt | ₹0 | WACC | 7.3% | 9,449 | 10,202 | 11,111 | 12,230 | 13,642 | |||
| Equity Value | ₹3,416B | 7.4% | 9,360 | 10,098 | 10,987 | 12,080 | 13,454 | ||||
| Shares Outstanding | 314,403,008 | 7.4% | 9,272 | 9,996 | 10,866 | 11,933 | 13,271 | ||||
| 7.9% | 8,474 | 9,071 | 9,778 | 10,628 | 11,670 | ||||||
| DCF Intrinsic Value | ₹10,866 | 8.4% | 7,792 | 8,291 | 8,874 | 9,565 | 10,396 | ||||
| Analyzed by QuantJuice (2025) | |||||||||||