| Intrinsic Valuation of: ABNB | |||||||||||
| Free Cash Flow Average and Growth over past 5Y | Key Statistics | ||||||||||
| Year | FCF | FCF (FCF/Revenue) | |||||||||
| 2020 | - | - | EPS (FY) | 4 | Market Cap | $84B | |||||
| 2021 | - | - (-) | P/E Ratio | 34 | Total Asset | $21B | |||||
| 2022 | $2B | - (-) | Net Income | $3B | Total Debt | $2B | |||||
| 2023 | $3B | 48.3% (5.8%) | EBITDA | $3B | Total Liab | $13B | |||||
| 2024 | $4B | 13.2% (-4.1%) | Opr Margin | 0.23 | Debt/Equity | 0.24 | |||||
| 2025 | $5B | 16.3% (3.9%) | PreTax Margin | 23.00 | BV/Share | 18 | |||||
| 5Y Average FCF | $4B | 26.0% (1.9%) | |||||||||
| Overall Market Assumptions: | |||||||||||
| Assumptions: | P/E for No-Growth Company: | 7.0 | |||||||||
| Perpetual Growth Rate (g): | 2.5% | Historical US Bond Yield: | 4.4% | ||||||||
| Discount Rate (WACC): | 7.4% | Current US Bond Yield: | 3.5% | ||||||||
| Forcasting Future Free Cash Flow for next 6Y | Modified Benjamin Graham's Intrinsic Value | ||||||||||
| Year | FCF Projection (25.0%) | ||||||||||
| 2026 | $6B | MBG Intrinsic Value | $35 | ||||||||
| 2027 | $7B | ||||||||||
| 2028 | $9B | ||||||||||
| 2029 | $11B | ||||||||||
| 2030 | $14B | ||||||||||
| 2031 | $17B | ||||||||||
| Terminal Value | $358B | Net Worth/Share | $19 | ||||||||
| DCF Valuation | DCF Valuation "What If" Scenario Table | ||||||||||
| Enterprise Value | $281B | Growth Rate | |||||||||
| (+) Cash & Cash Equivalents | $7B | $662 | 1.5% | 2.0% | 2.5% | 3.0% | 3.5% | ||||
| (-) Total Debt | $2B | WACC | 7.3% | 577 | 622 | 676 | 743 | 828 | |||
| Equity Value | $286B | 7.4% | 571 | 616 | 669 | 734 | 817 | ||||
| Shares Outstanding | 431,601,984 | 7.4% | 566 | 610 | 662 | 726 | 806 | ||||
| 7.9% | 518 | 554 | 596 | 647 | 710 | ||||||
| DCF Intrinsic Value | $662 | 8.4% | 478 | 507 | 542 | 584 | 634 | ||||
| Analyzed by QuantJuice (2025) | |||||||||||