Kotak Mahindra Bank's intrinsic value using Intellectual Capital analysis

Kotak Mahindra Bank

BSE : 500247

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NSE : KOTAKBANK

Industry : Bank Pvt sector

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ISIN : INE237A01028

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FreeFloat : 50.00%

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FnO : Yes

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LotSize : 400

BSE SENSEX | BSE SENSEX 50 | Nifty 50 | Nifty50 Equal Weight | BSE 100 | BSE 100 Largecap TMC | BSE 200 | BSE 250 LargeMidcap | BSE Largecap | BSE LargeMidcap | Nifty 100 | Nifty 200 | Nifty LargeMidcap 250 | Nifty100 Equal Weight | BSE BANKEX | BSE Private Bank | Nifty Bank | Nifty Financial Services | Nifty Financial Services 25/50 | Nifty Private Bank | BSE Quality | Nifty Growth Sectors 15 | Nifty100 Low Volatility 30 | BSE 100 ESG | BSE CARBONEX | Nifty100 Enhanced ESG | Nifty100 ESG | BSE Diversfied Financials Rev Growth | Nifty Services Sector

Intellectual Capital (IC)	64,258.29
Net Worth (NW)	86,645.51
Intrinsic Worth (IW)	150,903.80
Market Cap (MC)	338,214.80
Economic Value Added	-855.15

Discount Rate	%
Liquidity Premium	%

Knowledge Basis (IC/IW)	42.58%
IC Gross Margin (EBITDA/IC)	38.39%
IC Net Margin (NPT/IC)	15.36%
Knowledge Turnover (Sales/IC)	0.52
Market to Intrinsic Value (MC/IW)	2.24

As Of	Intrinsic Value	Market Price
30 Jun 2021	Rs. 761.11	Rs. 1,705.85
20 Sep 2021	----	Rs. 2,001.45
20 Sep 2021	----	-6.50 -0.32%

Fundamental - medium term		Technical - near term		Combined outlook
EVA > 0 : No	Sell	10 DMA : Rs. 1,866.83	Reduce	Sell
KB > 50% : No		50 DMA : Rs. 1,760.99
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

Sep-18
C
7311.12
10829.08
6322.67
6322.67
2549.91
1714.12
1747.37

Dec-18
C
7744.58
11347.39
6659.83
6659.83
2719.30
1822.79
1844.01

Mar-19
C
7975.69
13823.33
6965.26
6965.26
2990.59
2038.22
2038.27

Jun-19
C
8314.19
12129.56
7068.23
7068.23
2913.16
1926.85
1932.21

Sep-19
C
8418.75
12542.99
6999.03
6999.03
2944.71
2399.08
2407.25

Dec-19
C
8331.98
13542.43
6779.82
6779.82
2889.47
2329.33
2348.72

Mar-20
C
8434.13
12084.71
6475.40
6475.40
2674.46
1951.82
1905.18

Jun-20
C
8421.69
12323.15
6063.57
6063.57
2435.33
1840.44
1852.59

Sep-20
C
8337.36
13591.41
7199.98
7199.98
3914.47
2933.46
2946.62

Dec-20
C
8280.41
14834.99
6575.26
6575.26
3455.00
2575.74
2601.67

Mar-21
C
7951.77
16175.87
6296.08
6296.08
3363.54
2553.26
2589.32

Jun-21
C
8042.82
12799.59
5370.11
5370.11
2519.39
1794.79
1806.09

* C - Consolidated, S - Standalone