| Intrinsic Valuation of: SBICARD | |||||||||||
| Free Cash Flow Average and Growth over past 5Y | Key Statistics | ||||||||||
| Year | FCF | FCF (FCF/Revenue) | |||||||||
| 2021 | - | - | EPS (FY) | 23 | Market Cap | ₹596B | |||||
| 2022 | - | - (-) | P/E Ratio | 27 | Total Asset | ₹663B | |||||
| 2023 | ₹-68B | - (-) | Net Income | ₹22B | Total Debt | ₹0 | |||||
| 2024 | ₹-57B | 15.3% (29.1%) | EBITDA | - | Total Liab | ₹506B | |||||
| 2025 | ₹-22B | 61.7% (67.0%) | Opr Margin | - | Debt/Equity | - | |||||
| 2026 | ₹5B | 120.9% (118.9%) | PreTax Margin | - | BV/Share | 164 | |||||
| 5Y Average FCF | ₹-36B | 15.0% (71.7%) | |||||||||
| 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 | ₹5B | MBG Intrinsic Value | ₹204 | ||||||||
| 2028 | ₹6B | ||||||||||
| 2029 | ₹7B | ||||||||||
| 2030 | ₹7B | ||||||||||
| 2031 | ₹7B | ||||||||||
| 2032 | ₹8B | ||||||||||
| Terminal Value | ₹171B | Net Worth/Share | ₹165 | ||||||||
| DCF Valuation | DCF Valuation "What If" Scenario Table | ||||||||||
| Enterprise Value | ₹145B | Growth Rate | |||||||||
| (+) Cash & Cash Equivalents | ₹23B | ₹177 | 1.5% | 2.0% | 2.5% | 3.0% | 3.5% | ||||
| (-) Total Debt | ₹0 | WACC | 6.5% | 168 | 180 | 196 | 217 | 244 | |||
| Equity Value | ₹169B | 7.1% | 152 | 161 | 173 | 188 | 206 | ||||
| Shares Outstanding | 951,605,389 | 7.8% | 138 | 146 | 155 | 166 | 179 | ||||
| 8.4% | 128 | 134 | 141 | 149 | 159 | ||||||
| DCF Intrinsic Value | ₹177 | 9.0% | 119 | 124 | 129 | 136 | 144 | ||||
| Analyzed by QuantJuice (2025) | |||||||||||