Federal Bank's intrinsic value using Intellectual Capital analysis

Federal Bank

BSE : 500469

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NSE : FEDERALBNK

Industry : Bank Pvt sector

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ISIN : INE171A01029

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FreeFloat : 100.00%

|

FnO : Yes

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LotSize : 5000

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Intellectual Capital (IC)	20,353.21
Net Worth (NW)	20,603.50
Intrinsic Worth (IW)	40,956.70
Market Cap (MC)	25,050.94
Economic Value Added	937.06

Discount Rate	%
Liquidity Premium	%

Knowledge Basis (IC/IW)	49.69%
IC Gross Margin (EBITDA/IC)	58.07%
IC Net Margin (NPT/IC)	12.87%
Knowledge Turnover (Sales/IC)	0.77
Market to Intrinsic Value (MC/IW)	0.61

As Of	Intrinsic Value	Market Price
30 Sep 2022	Rs. 194.15	Rs. 118.75
29 Nov 2022	----	Rs. 132.45
29 Nov 2022	----	-1.35 -1.02%

Fundamental - medium term		Technical - near term		Combined outlook
EVA > 0 : Yes	Sell	10 DMA : Rs. 133.12	Sell	Strong Sell
KB > 50% : No		50 DMA : Rs. 128.37
0 < M2IV < 1 : Yes		Vol-Price trend : Falling

Question 3 - Is this stock undervalued?

Question 2 - Does this business have significant knowledge assets?

Question 1 - Is this business generating enough profits to cover its cost of capital?

* EVA is a registered trademark of Stern Stewart and Co.

Quarterly Results (Rs. Cr)

Quarter

Type*

Sales

Income

EBITDA

EBIT

PBT

PAT

NPT

Dec-19
C
3413.95
3834.71
2803.45
2803.45
597.81
451.72
451.62

Mar-20
C
3544.48
4222.87
2620.77
2620.77
399.40
302.95
329.04

Jun-20
C
3572.11
4055.42
2750.12
2750.12
553.57
411.58
409.50

Sep-20
C
3621.88
4131.32
2578.79
2578.79
419.38
315.70
315.70

Dec-20
C
3604.23
4088.77
2638.65
2638.65
562.86
419.67
418.14

Mar-21
C
3515.86
3996.43
2675.96
2675.96
672.75
500.25
521.24

Jun-21
C
3524.98
4147.77
2487.22
2487.22
487.06
355.56
356.76

Sep-21
C
3566.27
4013.46
2616.06
2616.06
656.59
487.99
485.72

Dec-21
C
3603.98
4125.30
2694.61
2694.61
724.81
540.09
539.77

Mar-22
C
3686.30
4170.55
2807.77
2807.77
777.82
581.76
587.54

Jun-22
C
3843.09
4318.17
2967.16
2967.16
863.40
643.00
634.22

Sep-22
C
4258.93
4886.58
3345.67
3345.67
996.63
740.91
733.34

* C - Consolidated, S - Standalone