| Intrinsic Valuation of: UNIONBANK | |||||||||||
| Free Cash Flow Average and Growth over past 5Y | Key Statistics | ||||||||||
| Year | FCF | FCF (FCF/Revenue) | |||||||||
| 2020 | - | - | EPS (FY) | 24 | Market Cap | ₹1,180B | |||||
| 2021 | - | - (-) | P/E Ratio | 7 | Total Asset | ₹15,113B | |||||
| 2022 | ₹356B | - (-) | Net Income | ₹180B | Total Debt | ₹0 | |||||
| 2023 | ₹30B | -91.6% (-92.9%) | EBITDA | - | Total Liab | ₹13,975B | |||||
| 2024 | ₹183B | 511.3% (446.9%) | Opr Margin | - | Debt/Equity | - | |||||
| 2025 | ₹158B | -13.5% (-20.0%) | PreTax Margin | - | BV/Share | 149 | |||||
| 5Y Average FCF | ₹182B | 135.4% (111.3%) | |||||||||
| 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 | ₹198B | MBG Intrinsic Value | ₹211 | ||||||||
| 2027 | ₹247B | ||||||||||
| 2028 | ₹309B | ||||||||||
| 2029 | ₹386B | ||||||||||
| 2030 | ₹482B | ||||||||||
| 2031 | ₹603B | ||||||||||
| Terminal Value | ₹12,539B | Net Worth/Share | ₹149 | ||||||||
| DCF Valuation | DCF Valuation "What If" Scenario Table | ||||||||||
| Enterprise Value | ₹9,823B | Growth Rate | |||||||||
| (+) Cash & Cash Equivalents | ₹1,317B | ₹1,459 | 1.5% | 2.0% | 2.5% | 3.0% | 3.5% | ||||
| (-) Total Debt | ₹0 | WACC | 7.3% | 1,291 | 1,381 | 1,488 | 1,621 | 1,788 | |||
| Equity Value | ₹11,140B | 7.4% | 1,281 | 1,368 | 1,474 | 1,603 | 1,766 | ||||
| Shares Outstanding | 7,633,610,240 | 7.4% | 1,270 | 1,356 | 1,459 | 1,586 | 1,744 | ||||
| 7.9% | 1,176 | 1,247 | 1,330 | 1,431 | 1,555 | ||||||
| DCF Intrinsic Value | ₹1,459 | 8.4% | 1,095 | 1,154 | 1,223 | 1,305 | 1,404 | ||||
| Analyzed by QuantJuice (2025) | |||||||||||