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Intrinsic Value Calculator

Calculate true stock value using Discounted Cash Flow (DCF) analysis

Be conservative: 10-15% is realistic for quality companies

Long-term growth, typically 3-5% (GDP growth rate)

Your required rate of return: 10-15% is typical

Valuation Results

Current Market Price

₹1000

Intrinsic Value (DCF)

₹1012.67

Margin of Safety

+1.27%

Hold - Fairly valued

Investment Analysis

✓ Stock offers reasonable margin of safety (1.27%)

Note: DCF is sensitive to assumptions. Consider running scenarios with different growth and discount rates.

Model Assumptions:

• 15% annual EPS growth for next 5 years

• 4% perpetual growth thereafter

• 12% discount rate (required return)

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Disclaimer

This calculator is for informational and educational purposes only. It does not constitute financial or investment advice. Consult with a qualified financial advisor before making investment decisions.

What is Intrinsic Value Calculator?

The Intrinsic Value Calculator uses Discounted Cash Flow (DCF) analysis to estimate a stock's true worth based on future earnings potential. Unlike market price which fluctuates daily, intrinsic value represents the present value of all future earnings discounted to today. This calculator helps value investors identify undervalued stocks by comparing intrinsic value to market price. A stock trading below intrinsic value offers a 'margin of safety' as advocated by Benjamin Graham and Warren Buffett.

How to Use This Calculator

  1. Enter current EPS (Earnings Per Share) of the company
  2. Input expected growth rate for the next 5-10 years
  3. Select forecast period (typically 5-10 years)
  4. Set terminal growth rate (long-term growth, usually 3-5%)
  5. Input discount rate (required rate of return, typically 10-15%)
  6. Compare intrinsic value with current market price

Formula Used

DCF Intrinsic Value Formula: Intrinsic Value = Σ (Future EPS / (1 + r)^t) + Terminal Value Where: - Future EPS = Current EPS × (1 + g)^t - r = Discount Rate (required return) - g = Growth Rate - t = Time period - Terminal Value = (Final Year EPS × (1 + tg)) / (r - tg) - tg = Terminal Growth Rate Margin of Safety = ((Intrinsic Value - Market Price) / Market Price) × 100

Example Calculation

Example: Valuing TCS Stock Current EPS: ₹120 Expected Growth: 15% for 5 years Terminal Growth: 4% (GDP growth) Discount Rate: 12% (required return) Year 1 EPS: ₹138 → PV: ₹123 Year 2 EPS: ₹159 → PV: ₹127 Year 3 EPS: ₹182 → PV: ₹130 Year 4 EPS: ₹210 → PV: ₹133 Year 5 EPS: ₹241 → PV: ₹137 Terminal Value: ₹3,133 → PV: ₹1,778 Intrinsic Value: ₹2,428 Current Price: ₹3,500 Margin of Safety: -30.6% (Overvalued)

Frequently Asked Questions

What discount rate should I use?

Use your required rate of return. Conservative investors use 12-15%. It should be higher than risk-free rate (10-year G-Sec ~7%) plus equity risk premium (5-8%). Higher discount rates give lower intrinsic values (more conservative valuation).

How accurate is DCF valuation?

DCF is only as good as your assumptions. Small changes in growth rate or discount rate significantly impact intrinsic value. Use DCF as a guide, not absolute truth. Always perform sensitivity analysis with different growth and discount rates.

What's a good margin of safety?

Benjamin Graham recommended 30-50% margin of safety for common stocks. Practically, 20-30% provides good downside protection. This means only buy when stock trades at 70-80% or less of intrinsic value. Be more conservative with cyclical or risky businesses.

Should I use EPS or Free Cash Flow?

Free Cash Flow (FCF) is more accurate as earnings can be manipulated through accounting. However, EPS is simpler and works well for companies with consistent cash generation matching earnings. For capital-intensive businesses, always use FCF instead of EPS.

How do I estimate growth rate?

Use: (1) Historical EPS growth (last 5-10 years), (2) Analyst consensus estimates, (3) Industry growth trends, (4) Management guidance. Be conservative - using 20%+ growth for 10 years is unrealistic for most companies. High-quality companies sustain 12-15% growth.

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