Intrinsic Valuation of GODREJCP
	GODREJCP Free Cash Flow Average and Growth over past 5Y					Key Statistics
	Year		FCF	FCF Growth
	2021		$11,207,600,000	-36.54%		EPS (FY)	17.44		Market Cap	893B
	2020		$17,662,100,000	31.69%		P/E Ratio	52.05		Total Asset	165B
	2019		$13,412,200,000	-4.10%		Net Income	18B		Total Debt	17B
	2018		$13,985,500,000	5.91%		EBITDA	24B		Total Liab	50B
	2017		$13,205,100,000	-17.30%		Opr Margin	0.1757		Debt/Equity	0.15
	2016		$15,966,900,000			PreTax Margin	0.1654		BV/Share	113.01
	5Y Average FCF		$13,894,500,000	-4.07%
						Overall Market Assumptions:
	Assumptions:					P/E for No-Growth Company:			7.00
	Perpetual Growth Rate (g):	2.50%				Historical US Bond Yield:			4.40%
	Discount Rete (WACC):	6.88%				Current US Bond Yield:			1.48%
	Forcasting Future Free Cash Flow for next 6Y					Modified Benjamin Graham's Intrinsic Value
	Year		FCF Projection
	2022		$10,751,585,830			MBG Intrinsic Value			$366.48
	2023		$10,314,125,938
	2024		$9,894,465,388
	2025		$9,491,879,962
	2026		$9,105,674,908
	2027		$8,735,183,743
	Terminal Value		$204,348,504,226			Net Worth/Share			$113.01
	DCF Valuation			DCF Valuation "What If" Scenario Table
	Enterprise Value	$175,101,786,192				Growth Rate
	(+) Cash & Cash Equivalents	$19,520,800,000			173.66	1.50%	2.00%	2.50%	3.00%	3.50%
	(-) Total Debt	$17,043,400,000		WACC	6.78%	152.1	163.5	177.6	195.4	218.7
	Equity Value	$177,579,186,192			6.83%	150.8	161.9	175.7	193.0	215.5
	Shares Outstanding	1022545027			6.88%	149.4	160.3	173.7	190.6	212.4
					7.38%	137.2	146.0	156.6	169.6	186.0
	DCF Intrinsic Value	$173.66			7.88%	126.8	134.1	142.6	152.9	165.6
© Swarnadeep Seth (2022)