| Intrinsic Valuation of: TATASTEEL | |||||||||||
| Free Cash Flow Average and Growth over past 5Y | Key Statistics | ||||||||||
| Year | FCF | FCF (FCF/Revenue) | |||||||||
| 2020 | - | - | EPS (FY) | 7 | Market Cap | ₹2,704B | |||||
| 2021 | - | - (-) | P/E Ratio | 30 | Total Asset | ₹2,794B | |||||
| 2022 | ₹339B | - (-) | Net Income | ₹34B | Total Debt | ₹686B | |||||
| 2023 | ₹75B | -77.7% (-77.7%) | EBITDA | ₹262B | Total Liab | ₹1,880B | |||||
| 2024 | ₹21B | -72.2% (-70.5%) | Opr Margin | 6.67 | Debt/Equity | 0.75 | |||||
| 2025 | ₹78B | 274.5% (292.5%) | PreTax Margin | 3.28 | BV/Share | 67 | |||||
| 5Y Average FCF | ₹128B | 14.4% (48.1%) | |||||||||
| 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): | 7.65% | Current US Bond Yield: | 3.48% | ||||||||
| Forcasting Future Free Cash Flow for next 6Y | Modified Benjamin Graham's Intrinsic Value | ||||||||||
| Year | FCF Projection (14.4%) | ||||||||||
| 2026 | ₹107B | MBG Intrinsic Value | ₹66 | ||||||||
| 2027 | ₹120B | ||||||||||
| 2028 | ₹131B | ||||||||||
| 2029 | ₹141B | ||||||||||
| 2030 | ₹148B | ||||||||||
| 2031 | ₹151B | ||||||||||
| Terminal Value | ₹2,998B | Net Worth/Share | ₹73 | ||||||||
| DCF Valuation | DCF Valuation "What If" Scenario Table | ||||||||||
| Enterprise Value | ₹2,538B | Growth Rate | |||||||||
| (+) Cash & Cash Equivalents | ₹96B | ₹156 | 1.5% | 2.0% | 2.5% | 3.0% | 3.5% | ||||
| (-) Total Debt | ₹686B | WACC | 6.5% | 172 | 191 | 216 | 247 | 289 | |||
| Equity Value | ₹1,948B | 7.3% | 141 | 155 | 172 | 193 | 218 | ||||
| Shares Outstanding | 12,471,847,611 | 8.1% | 118 | 128 | 140 | 155 | 172 | ||||
| 8.9% | 100 | 108 | 117 | 127 | 140 | ||||||
| DCF Intrinsic Value | ₹156 | 9.7% | 86 | 92 | 99 | 107 | 116 | ||||
| Analyzed by QuantJuice (2025) | |||||||||||