HDFC Asset Management Company's intrinsic value using Intellectual Capital analysis

HDFC Asset Management Company

BSE : 541729

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NSE : HDFCAMC

Industry : Finance AMC

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ISIN : INE127D01025

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FreeFloat : 40.35%

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FnO : Yes

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LotSize : 300

BSE 100 Largecap TMC | BSE 200 | BSE 250 LargeMidcap | BSE Largecap | BSE LargeMidcap | Nifty 100 | Nifty 200 | Nifty LargeMidcap 250 | Nifty Next 50 | Nifty100 Equal Weight | Nifty Financial Services | Nifty Financial Services 25/50 | Nifty Financial Services ExBank | BSE Quality | Nifty Low Volatility 50 | Nifty100 Quality 30 | BSE Diversfied Financials Rev Growth

Intellectual Capital (IC)	11,523.18
Net Worth (NW)	5,704.97
Intrinsic Worth (IW)	17,228.15
Market Cap (MC)	46,550.04
Economic Value Added	146.47

Discount Rate	%
Liquidity Premium	%

Knowledge Basis (IC/IW)	66.89%
IC Gross Margin (EBITDA/IC)	17.61%
IC Net Margin (NPT/IC)	12.86%
Knowledge Turnover (Sales/IC)	0.20
Market to Intrinsic Value (MC/IW)	2.70

As Of	Intrinsic Value	Market Price
31 Dec 2022	Rs. 807.37	Rs. 2,181.50
20 Mar 2023	----	Rs. 1,680.10
20 Mar 2023	----	1.95 0.12%

Fundamental - medium term		Technical - near term		Combined outlook
EVA > 0 : Yes	Buy	10 DMA : Rs. 1,727.98	Accumulate	Buy
KB > 50% : Yes		50 DMA : Rs. 1,895.98
0 < M2IV < 1 : No		Vol-Price trend : Rising
Disclaimer: Stock outlook is based on data calculations only and does NOT constitute investment advice.

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

Mar-20
S
476.13
449.62
345.17
331.78
329.57
249.83
250.33

Jun-20
S
411.49
491.31
396.30
382.57
380.37
302.36
301.92

Sep-20
S
456.25
569.95
479.22
465.16
462.95
338.06
338.06

Dec-20
S
481.86
594.91
498.82
484.82
482.62
369.26
369.26

Mar-21
S
502.93
545.57
438.97
425.35
423.01
316.08
316.08

Jun-21
S
507.08
607.99
481.86
468.35
466.12
345.45
345.45

Sep-21
S
542.33
608.40
477.17
463.58
461.37
344.38
344.38

Dec-21
S
549.67
635.88
500.64
487.30
485.15
359.75
360.36

Mar-22
S
516.28
580.93
458.11
444.70
442.65
343.55
343.55

Jun-22
S
521.58
532.90
400.97
387.47
384.98
314.19
314.19

Sep-22
C
544.72
648.93
508.50
495.28
492.85
363.85
363.78

Dec-22
C
559.56
662.96
516.24
502.87
500.48
369.16
369.20

* C - Consolidated, S - Standalone