| Intrinsic Valuation of: UNIONBANK | |||||||||||
| Free Cash Flow Average and Growth over past 5Y | Key Statistics | ||||||||||
| Year | FCF | FCF (FCF/Revenue) | |||||||||
| 2021 | - | - | EPS (FY) | 25 | Market Cap | ₹1,236B | |||||
| 2022 | - | - (-) | P/E Ratio | 6 | Total Asset | ₹15,875B | |||||
| 2023 | ₹30B | - (-) | Net Income | ₹194B | Total Debt | ₹0 | |||||
| 2024 | ₹183B | 511.3% (422.2%) | EBITDA | - | Total Liab | ₹14,540B | |||||
| 2025 | ₹-221B | -220.6% (-212.4%) | Opr Margin | - | Debt/Equity | - | |||||
| 2026 | ₹-390B | -76.9% (-77.9%) | PreTax Margin | - | BV/Share | 175 | |||||
| 5Y Average FCF | ₹-100B | 15.0% (44.0%) | |||||||||
| 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): | 8.63% | 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 | ₹122B | MBG Intrinsic Value | ₹228 | ||||||||
| 2028 | ₹138B | ||||||||||
| 2029 | ₹151B | ||||||||||
| 2030 | ₹163B | ||||||||||
| 2031 | ₹171B | ||||||||||
| 2032 | ₹175B | ||||||||||
| Terminal Value | ₹2,915B | Net Worth/Share | ₹175 | ||||||||
| DCF Valuation | DCF Valuation "What If" Scenario Table | ||||||||||
| Enterprise Value | ₹2,457B | Growth Rate | |||||||||
| (+) Cash & Cash Equivalents | ₹960B | ₹448 | 1.5% | 2.0% | 2.5% | 3.0% | 3.5% | ||||
| (-) Total Debt | ₹0 | WACC | 6.6% | 529 | 563 | 607 | 661 | 734 | |||
| Equity Value | ₹3,417B | 7.6% | 462 | 484 | 512 | 545 | 586 | ||||
| Shares Outstanding | 7,633,605,607 | 8.6% | 413 | 429 | 448 | 470 | 496 | ||||
| 9.6% | 377 | 389 | 402 | 417 | 435 | ||||||
| DCF Intrinsic Value | ₹448 | 10.6% | 349 | 357 | 367 | 378 | 391 | ||||
| Analyzed by QuantJuice (2025) | |||||||||||