| Intrinsic Valuation of: MRF | |||||||||||
| Free Cash Flow Average and Growth over past 5Y | Key Statistics | ||||||||||
| Year | FCF | FCF (FCF/Revenue) | |||||||||
| 2020 | - | - | EPS (FY) | 4,418 | Market Cap | ₹604B | |||||
| 2021 | - | - (-) | P/E Ratio | 32 | Total Asset | ₹296B | |||||
| 2022 | ₹-23B | - (-) | Net Income | ₹19B | Total Debt | ₹4B | |||||
| 2023 | ₹-5B | 76.6% (80.5%) | EBITDA | ₹45B | Total Liab | ₹111B | |||||
| 2024 | ₹11B | 312.8% (293.2%) | Opr Margin | 0.09 | Debt/Equity | 0.02 | |||||
| 2025 | ₹6B | -50.9% (-56.1%) | PreTax Margin | 7.36 | BV/Share | 43,543 | |||||
| 5Y Average FCF | ₹-3B | 112.8% (105.9%) | |||||||||
| 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 | ₹7B | MBG Intrinsic Value | ₹39,512 | ||||||||
| 2027 | ₹9B | ||||||||||
| 2028 | ₹11B | ||||||||||
| 2029 | ₹14B | ||||||||||
| 2030 | ₹17B | ||||||||||
| 2031 | ₹21B | ||||||||||
| Terminal Value | ₹444B | Net Worth/Share | ₹43,594 | ||||||||
| DCF Valuation | DCF Valuation "What If" Scenario Table | ||||||||||
| Enterprise Value | ₹348B | Growth Rate | |||||||||
| (+) Cash & Cash Equivalents | ₹4B | ₹81,976 | 1.5% | 2.0% | 2.5% | 3.0% | 3.5% | ||||
| (-) Total Debt | ₹4B | WACC | 7.3% | 71,275 | 76,962 | 83,826 | 92,275 | 102,930 | |||
| Equity Value | ₹348B | 7.4% | 70,604 | 76,176 | 82,891 | 91,139 | 101,512 | ||||
| Shares Outstanding | 4,241,140 | 7.4% | 69,943 | 75,406 | 81,976 | 90,029 | 100,131 | ||||
| 7.9% | 63,914 | 68,421 | 73,757 | 80,177 | 88,045 | ||||||
| DCF Intrinsic Value | ₹81,976 | 8.4% | 58,766 | 62,535 | 66,939 | 72,154 | 78,426 | ||||
| Analyzed by QuantJuice (2025) | |||||||||||