HDFC Bank's intrinsic value using Intellectual Capital analysis

HDFC Bank

BSE : 500180

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NSE : HDFCBANK

Industry : Bank Pvt sector

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ISIN : INE040A01034

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FreeFloat : 83.67%

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FnO : Yes

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LotSize : 550

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Intellectual Capital (IC)	355,001.80
Net Worth (NW)	263,102.20
Intrinsic Worth (IW)	618,104.00
Market Cap (MC)	791,686.10
Economic Value Added	4,814.08

Discount Rate	%
Liquidity Premium	%

Knowledge Basis (IC/IW)	57.43%
IC Gross Margin (EBITDA/IC)	34.24%
IC Net Margin (NPT/IC)	12.23%
Knowledge Turnover (Sales/IC)	0.43
Market to Intrinsic Value (MC/IW)	1.28

As Of	Intrinsic Value	Market Price
30 Sep 2022	Rs. 1,109.71	Rs. 1,421.35
29 Nov 2022	----	Rs. 1,597.85
29 Nov 2022	----	-2.40 -0.15%

Fundamental - medium term		Technical - near term		Combined outlook
EVA > 0 : Yes	Buy	10 DMA : Rs. 1,609.73	Sell	Avoid
KB > 50% : Yes		50 DMA : Rs. 1,497.34
0 < M2IV < 1 : No		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
31200.92
38325.70
26322.45
26322.45
10249.18
7659.96
7659.65

Mar-20
C
31795.05
38287.17
25210.43
25210.43
9681.86
7296.71
7280.22

Jun-20
C
32351.61
36698.59
24948.00
24948.00
9339.51
6940.88
6927.24

Sep-20
C
31742.27
38438.47
25410.88
25410.88
10377.70
7711.37
7702.86

Dec-20
C
31851.60
39838.73
26335.88
26335.88
11813.20
8760.19
8769.33

Mar-21
C
32606.92
40909.49
25348.97
25348.97
11265.73
8444.33
8433.78

Jun-21
C
32253.76
38933.63
24860.41
24860.41
10641.91
7940.28
7922.09

Sep-21
C
33520.44
41436.36
26378.78
26738.78
12323.50
9199.96
9096.19

Dec-21
C
34588.02
43364.96
28942.15
28942.15
14218.13
10615.77
10591.46

Mar-22
C
35574.19
43960.45
28916.38
28916.38
13689.85
10474.89
10443.01

Jun-22
C
37273.81
44202.32
29181.56
29181.56
12823.30
9616.67
9579.11

Sep-22
C
40929.79
49182.10
33267.19
33267.19
14956.40
11162.59
11125.21

* C - Consolidated, S - Standalone