Discounted Cash Flow (DCF) Analysis Levered

Bajaj Hindusthan Sugar Limited (BAJAJHIND.NS)

38.45 ₹

-0.45 (-1.16%)
All numbers are in Millions, Currency in USD
Stock DCF: 99.29 | 38.45 | undervalue

Free Cash Flow

Year
A/P
2018
Actual
2019
Actual
2020
Actual
2021
Actual
2022
Actual
2023
Projected
2024
Projected
2025
Projected
2026
Projected
2027
Projected
Revenue 66,931.1066,141.1065,566.3054,997.8063,380.3062,916.5762,456.2361,999.2761,545.6461,095.33
Revenue (%)
Operating Cash Flow 11,177.109,102.803,398.206,191.107,923.107,474.857,420.167,365.867,311.977,258.47
Operating Cash Flow (%)
Capital Expenditure -167.40-289-25.40-86-62.60-123.43-122.53-121.63-120.74-119.86
Capital Expenditure (%)
Free Cash Flow 11,009.708,813.803,372.806,105.107,860.507,351.417,297.627,244.237,191.237,138.61

Weighted Average Cost Of Capital

Share price $ 38.45
Beta 1.299
Diluted Shares Outstanding 1,248.59
Cost of Debt
Tax Rate 2.48
After-tax Cost of Debt 4.76%
Risk-Free Rate
Market Risk Premium
Cost of Equity 10.382
Total Debt 43,032.90
Total Equity 48,008.35
Total Capital 91,041.25
Debt Weighting 47.27
Equity Weighting 52.73
Wacc

Build Up Free Cash Flow

Year
A/P
2018
Actual
2019
Actual
2020
Actual
2021
Actual
2022
Actual
2023
Projected
2024
Projected
2025
Projected
2026
Projected
2027
Projected
Revenue 66,931.1066,141.1065,566.3054,997.8063,380.3062,916.5762,456.2361,999.2761,545.6461,095.33
Operating Cash Flow 11,177.109,102.803,398.206,191.107,923.107,474.857,420.167,365.867,311.977,258.47
Capital Expenditure -167.40-289-25.40-86-62.60-123.43-122.53-121.63-120.74-119.86
Free Cash Flow 11,009.708,813.803,372.806,105.107,860.507,351.417,297.627,244.237,191.237,138.61
WACC
PV LFCF 6,824.566,289.115,795.665,340.944,921.89
SUM PV LFCF 29,172.16

Terminal Value

Growth in perpetuity method:
Long-term growth rate
WACC (%) 7.72
Free cash flow (t + 1) 7,424.16
Terminal Value 199,574.11
Present Value of Terminal Value 137,601.28

Intrinsic Value

Enterprise Value 166,773.44
Net Debt 42,801.20
Equity Value 123,972.24
Shares Outstanding 1,248.59
Equity Value Per Share 99.29