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    Bharti Airtel Analysis

    Uploaded by

    Rock
    - The document provides financial projections for an telecom company for Fiscal Years 2020-2022 including revenues, expenditures, EBITDA, interest, taxes, and net profit. - Key metrics include expected revenue growth of 7% annually, steady EBITDA margins of 32.2-35.7%, total debt of Rs. 1,080,000 million, and a weighted average cost of capital of 9.983%. - A discounted cash flow valuation of future cash flows from Fiscal Years 2021-2025 using the WACC yields a present valuation for the firm of Rs. 15,578.96 crore.

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    Bharti Airtel Analysis

    Uploaded by

    Rock
    61 views4 pages
    - The document provides financial projections for an telecom company for Fiscal Years 2020-2022 including revenues, expenditures, EBITDA, interest, taxes, and net profit. - Key metrics include expected revenue growth of 7% annually, steady EBITDA margins of 32.2-35.7%, total debt of Rs. 1,080,000 million, and a weighted average cost of capital of 9.983%. - A discounted cash flow valuation of future cash flows from Fiscal Years 2021-2025 using the WACC yields a present valuation for the firm of Rs. 15,578.96 crore.

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    Bharti Airtel Analysis.xlsx

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    - The document provides financial projections for an telecom company for Fiscal Years 2020-2022 including revenues, expenditures, EBITDA, interest, taxes, and net profit. - Key metrics include expected revenue growth of 7% annually, steady EBITDA margins of 32.2-35.7%, total debt of Rs. 1,080,000 million, and a weighted average cost of capital of 9.983%. - A discounted cash flow valuation of future cash flows from Fiscal Years 2021-2025 using the WACC yields a present valuation for the firm of Rs. 15,578.96 crore.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Download as xlsx, pdf, or txt
    61 views4 pages

    Bharti Airtel Analysis

    Uploaded by

    Rock
    - The document provides financial projections for an telecom company for Fiscal Years 2020-2022 including revenues, expenditures, EBITDA, interest, taxes, and net profit. - Key metrics include expected revenue growth of 7% annually, steady EBITDA margins of 32.2-35.7%, total debt of Rs. 1,080,000 million, and a weighted average cost of capital of 9.983%. - A discounted cash flow valuation of future cash flows from Fiscal Years 2021-2025 using the WACC yields a present valuation for the firm of Rs. 15,578.96 crore.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Download as xlsx, pdf, or txt
    of 4

    All amount in million Rs

    Year to March FY20E FY21E FY 22E


    Net revenues 867464 928186 993160
    N/W, interconnect costs 403264 407828 436376
    Other operating expenses 154460 128881 137903
    Total expenditure 557724 536710 574280
    EBITDA 309739 331421 354621
    Depreciation 276976 145620 155814
    EBIT 32763 46019 49240
    Interest 30246 191639 205054
    Other income 692 118338 126622
    Profit before tax 3209 51996 55635
    Provision for taxes 92135 16432 17582
    Minority interest 2148 68427 73217
    Reported net profit -91074 42254 45212

    Revenue in 2019 810714


    EBITDA in 2019 261101
    Interest in 2019 29083
    Tax rate charged 25.17%

    Expected growth rate if telecom industry 7%


    present EBITDA Margin 32.2% 32.2%
    EBITDA margin expected growth ( in basis points) 3.5%
    Future EBITDA margins 35.7%
    Cost of Capital
    Amount mentioned in Rs million

    Cost of debt 8.25%


    Total outstanding debt 1080000
    tax rate 35.00%
    interest expense 110134
    cost of debt 6.628%

    total invested capital 1796000


    equity share capital 694235
    Beta 0.94
    Risk free rate, Rf 6.50%
    markter return 16.09%
    Cost of Equity 15.515%

    weightage of equity 0.386545


    weightage of debt 0.601336

    WACC 9.983%
    Particulars FY 2021 FY 2022 FY 2023 FY 2024 FY 2025
    Expected Cash Flow 42254 45212 48377 51763 55387
    Present value 42254 41108 37377 33984 30899
    Cost of Capital 9.983%

    GP series
    a (first term) 42254
    common ratio 0.972877526
    Sum 1557896.254

    Present valuation of firm 155,789.60


    (in crores)

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