| Intrinsic Valuation of: TATASTEEL | |||||||||||
| Free Cash Flow Average and Growth over past 5Y | Key Statistics | ||||||||||
| Year | FCF | FCF (FCF/Revenue) | |||||||||
| 2020 | - | - | EPS (FY) | 3 | Market Cap | ₹1,996B | |||||
| 2021 | - | - (-) | P/E Ratio | 58 | 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 | 0.07 | Debt/Equity | 0.75 | |||||
| 2025 | ₹78B | 274.5% (292.5%) | PreTax Margin | 3.48 | BV/Share | 58 | |||||
| 5Y Average FCF | ₹128B | 41.5% (48.1%) | |||||||||
| 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 | ₹98B | MBG Intrinsic Value | ₹25 | ||||||||
| 2027 | ₹123B | ||||||||||
| 2028 | ₹153B | ||||||||||
| 2029 | ₹191B | ||||||||||
| 2030 | ₹239B | ||||||||||
| 2031 | ₹299B | ||||||||||
| Terminal Value | ₹6,219B | Net Worth/Share | ₹73 | ||||||||
| DCF Valuation | DCF Valuation "What If" Scenario Table | ||||||||||
| Enterprise Value | ₹4,872B | Growth Rate | |||||||||
| (+) Cash & Cash Equivalents | ₹96B | ₹343 | 1.5% | 2.0% | 2.5% | 3.0% | 3.5% | ||||
| (-) Total Debt | ₹686B | WACC | 7.3% | 292 | 319 | 352 | 392 | 443 | |||
| Equity Value | ₹4,282B | 7.4% | 289 | 316 | 348 | 387 | 436 | ||||
| Shares Outstanding | 12,471,799,808 | 7.4% | 286 | 312 | 343 | 382 | 430 | ||||
| 7.9% | 257 | 279 | 304 | 335 | 372 | ||||||
| DCF Intrinsic Value | ₹343 | 8.4% | 233 | 251 | 272 | 297 | 326 | ||||
| Analyzed by QuantJuice (2025) | |||||||||||