| Intrinsic Valuation of: MRF | |||||||||||
| Free Cash Flow Average and Growth over past 5Y | Key Statistics | ||||||||||
| Year | FCF | FCF (FCF/Revenue) | |||||||||
| 2021 | - | - | EPS (FY) | 5,724 | Market Cap | ₹546B | |||||
| 2022 | - | - (-) | P/E Ratio | 22 | Total Asset | ₹320B | |||||
| 2023 | ₹-5B | - (-) | Net Income | ₹24B | Total Debt | ₹2B | |||||
| 2024 | ₹11B | 312.8% (294.4%) | EBITDA | ₹53B | Total Liab | ₹110B | |||||
| 2025 | ₹6B | -51.3% (-56.7%) | Opr Margin | 10.10 | Debt/Equity | 0.01 | |||||
| 2026 | ₹32B | 468.3% (413.7%) | PreTax Margin | 8.93 | BV/Share | 49,403 | |||||
| 5Y Average FCF | ₹11B | 15.0% (217.1%) | |||||||||
| 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): | 7.01% | 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 | ₹31B | MBG Intrinsic Value | ₹51,172 | ||||||||
| 2028 | ₹35B | ||||||||||
| 2029 | ₹38B | ||||||||||
| 2030 | ₹41B | ||||||||||
| 2031 | ₹43B | ||||||||||
| 2032 | ₹44B | ||||||||||
| Terminal Value | ₹1,003B | Net Worth/Share | ₹49,455 | ||||||||
| DCF Valuation | DCF Valuation "What If" Scenario Table | ||||||||||
| Enterprise Value | ₹850B | Growth Rate | |||||||||
| (+) Cash & Cash Equivalents | ₹3B | ₹200,777 | 1.5% | 2.0% | 2.5% | 3.0% | 3.5% | ||||
| (-) Total Debt | ₹2B | WACC | 6.5% | 188,890 | 205,704 | 226,701 | 253,662 | 289,551 | |||
| Equity Value | ₹852B | 7.1% | 167,368 | 180,099 | 195,567 | 214,763 | 239,218 | ||||
| Shares Outstanding | 4,241,143 | 7.8% | 150,174 | 160,084 | 171,871 | 186,125 | 203,708 | ||||
| 8.4% | 136,327 | 144,242 | 153,500 | 164,471 | 177,682 | ||||||
| DCF Intrinsic Value | ₹200,777 | 9.0% | 124,599 | 131,014 | 138,411 | 147,035 | 157,218 | ||||
| Analyzed by QuantJuice (2025) | |||||||||||