Scribd
Upload
89 views3 pages

Fundamental Analysis OF NTPC Share: Ayushi Nautiyal

The document summarizes a fundamental analysis of NTPC shares. It provides key financial details such as market value, book value, weights of equity and debt, costs of equity and debt, tax rates, and WACC. Tables show calculations of free cash flow to the firm and free cash flow to equity to determine the intrinsic value per share, which is lower than the market value.

Uploaded by

Ayushi Nautiyal
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as XLSX, PDF, TXT or read online on Scribd
89 views3 pages

Fundamental Analysis OF NTPC Share: Ayushi Nautiyal

The document summarizes a fundamental analysis of NTPC shares. It provides key financial details such as market value, book value, weights of equity and debt, costs of equity and debt, tax rates, and WACC. Tables show calculations of free cash flow to the firm and free cash flow to equity to determine the intrinsic value per share, which is lower than the market value.

Uploaded by

Ayushi Nautiyal
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as XLSX, PDF, TXT or read online on Scribd
You are on page 1/ 3

Fundamental Analysis OF NTPC Share

Ayushi Nautiyal
502104195

1
Free Cash Flow to the Firm

Market Value of Equity INR 9696.70 INR 969.67 Free Cash Flow T 0 1 2 3 4 5

Book Value of Debt INR 173995.49 INR 17399.55 EBIT 5508 FCFF 17582.7698 9707.0778 5359.0737 2958.6320 1633.3986 901.7650

Tax 28% 9099.2480 4708.9461 2436.9237 1261.1308 652.6470

Weight of Equity 5.279% Capital Expenditure 23786 Equity Value 18158.8957

Weight of Debt 94.721% Depreciation 13788 Intrinsic Value 18.740

Change in Working Capital -25025.6086


Risk Free Rate of Return 13.0%

Beta 0.53 FCFF0 17582.7698


Expected Return of the 10.0%
market
Market Premium -3% Reinvestment Rate -0.485
Cost of Equity 11.41%

Net Income 16960


Interest Expense INR 9376.00 Return on Capital 0.923283673628149
Cost of Debt 5.3886%

Expected Growth Rate -0.44792


Tax Rate 23%

Equity Value 281719.908


WACC 4.53%

No of shares 9690000000
Intrinsic Value of one share 290.733
Market Value of one share 117.65

2
Free Cash Flow to Equity

Market Value of Equity INR 9697.00 Free Cash Flow

Book Value of Debt INR 280378.00 EBIT 5508 T 0 1 2 3 4 5

Tax 1530 FCFE -12764.9663 -22442.7250 -39457.6761 -69372.5116 -121967.2787 -214436.7663

Weight of Equity 3.343% Capital Expenditure 23786 -19631.4949 -30191.6655 -46432.3614 -71409.2499 -109821.7021

Weight of Debt 96.657% Depreciation


13788
Change in Working Capital 19141 Equity Value -277486.4738

Risk Free Rate of Return 13.0% Intrinsic Value -536.58294318366

Beta 1.02 FCFE0 -12764.96628


Expected Return of the market 11.7%

Market Premium -1% Reinvestment Rate 16.800


Cost of Equity 11.69%

Net Income 828.96


Interest Expense INR 9376.00 Return on Capital 0.0451276671044098
Cost of Debt 3.3441%

Expected Growth Rate 0.75815


Tax Rate 28%

Equity Value -92167.150


WACC 2.72%

No of shares 5171362179
Intrinsic Value of one share -178.226
Market Value of one share 117.65

You might also like