| Intrinsic Valuation of: SBICARD | |||||||||||
| Free Cash Flow Average and Growth over past 5Y | Key Statistics | ||||||||||
| Year | FCF | FCF (FCF/Revenue) | |||||||||
| 2020 | - | - | EPS (FY) | 20 | Market Cap | ₹905B | |||||
| 2021 | - | - (-) | P/E Ratio | 46 | Total Asset | ₹655B | |||||
| 2022 | ₹-45B | - (-) | Net Income | ₹19B | Total Debt | ₹0 | |||||
| 2023 | ₹-68B | -50.6% (-21.8%) | EBITDA | - | Total Liab | ₹518B | |||||
| 2024 | ₹-57B | 15.3% (31.7%) | Opr Margin | - | Debt/Equity | - | |||||
| 2025 | ₹-22B | 61.7% (65.7%) | PreTax Margin | - | BV/Share | 144 | |||||
| 5Y Average FCF | ₹-48B | 8.8% (25.2%) | |||||||||
| 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 (8.8%) | ||||||||||
| 2026 | ₹-52B | MBG Intrinsic Value | ₹180 | ||||||||
| 2027 | ₹-57B | ||||||||||
| 2028 | ₹-62B | ||||||||||
| 2029 | ₹-67B | ||||||||||
| 2030 | ₹-73B | ||||||||||
| 2031 | ₹-79B | ||||||||||
| Terminal Value | ₹-1,653B | Net Worth/Share | ₹145 | ||||||||
| DCF Valuation | DCF Valuation "What If" Scenario Table | ||||||||||
| Enterprise Value | ₹-1,376B | Growth Rate | |||||||||
| (+) Cash & Cash Equivalents | ₹27B | ₹-1,417 | 1.5% | 2.0% | 2.5% | 3.0% | 3.5% | ||||
| (-) Total Debt | ₹0 | WACC | 7.3% | -1,240 | -1,334 | -1,448 | -1,588 | -1,765 | |||
| Equity Value | ₹-1,349B | 7.4% | -1,229 | -1,321 | -1,433 | -1,569 | -1,742 | ||||
| Shares Outstanding | 951,528,000 | 7.4% | -1,218 | -1,308 | -1,417 | -1,551 | -1,719 | ||||
| 7.9% | -1,116 | -1,191 | -1,280 | -1,386 | -1,517 | ||||||
| DCF Intrinsic Value | ₹-1,417 | 8.4% | -1,030 | -1,093 | -1,166 | -1,252 | -1,356 | ||||
| Analyzed by QuantJuice (2025) | |||||||||||