| Intrinsic Valuation of: TVSMOTOR | |||||||||||
| Free Cash Flow Average and Growth over past 5Y | Key Statistics | ||||||||||
| Year | FCF | FCF (FCF/Revenue) | |||||||||
| 2020 | - | - | EPS (FY) | 46 | Market Cap | ₹1,386B | |||||
| 2021 | - | - (-) | P/E Ratio | 62 | Total Asset | ₹479B | |||||
| 2022 | ₹-25B | - (-) | Net Income | ₹22B | Total Debt | ₹139B | |||||
| 2023 | ₹-57B | -125.8% (-75.5%) | EBITDA | ₹66B | Total Liab | ₹385B | |||||
| 2024 | ₹-24B | 58.3% (70.5%) | Opr Margin | 0.13 | Debt/Equity | 1.48 | |||||
| 2025 | ₹10B | 142.7% (137.6%) | PreTax Margin | 7.96 | BV/Share | 120 | |||||
| 5Y Average FCF | ₹-24B | 25.1% (44.2%) | |||||||||
| 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 (25.0%) | ||||||||||
| 2026 | ₹13B | MBG Intrinsic Value | ₹414 | ||||||||
| 2027 | ₹16B | ||||||||||
| 2028 | ₹20B | ||||||||||
| 2029 | ₹25B | ||||||||||
| 2030 | ₹31B | ||||||||||
| 2031 | ₹39B | ||||||||||
| Terminal Value | ₹813B | Net Worth/Share | ₹199 | ||||||||
| DCF Valuation | DCF Valuation "What If" Scenario Table | ||||||||||
| Enterprise Value | ₹637B | Growth Rate | |||||||||
| (+) Cash & Cash Equivalents | ₹41B | ₹1,134 | 1.5% | 2.0% | 2.5% | 3.0% | 3.5% | ||||
| (-) Total Debt | ₹139B | WACC | 7.3% | 959 | 1,052 | 1,165 | 1,303 | 1,477 | |||
| Equity Value | ₹539B | 7.4% | 948 | 1,040 | 1,149 | 1,284 | 1,454 | ||||
| Shares Outstanding | 474,736,000 | 7.4% | 938 | 1,027 | 1,134 | 1,266 | 1,432 | ||||
| 7.9% | 839 | 913 | 1,000 | 1,105 | 1,234 | ||||||
| DCF Intrinsic Value | ₹1,134 | 8.4% | 755 | 816 | 888 | 974 | 1,076 | ||||
| Analyzed by QuantJuice (2025) | |||||||||||