| Intrinsic Valuation of: AEP | |||||||||||
| Free Cash Flow Average and Growth over past 5Y | Key Statistics | ||||||||||
| Year | FCF | FCF (FCF/Revenue) | |||||||||
| 2020 | - | - | EPS (FY) | 7 | Market Cap | $68B | |||||
| 2021 | - | - (-) | P/E Ratio | 19 | Total Asset | $114B | |||||
| 2022 | $-1B | - (-) | Net Income | $4B | Total Debt | $44B | |||||
| 2023 | $-2B | -68.0% (-73.8%) | EBITDA | $9B | Total Liab | $82B | |||||
| 2024 | $-967M | 61.2% (62.7%) | Opr Margin | 24.62 | Debt/Equity | 1.37 | |||||
| 2025 | $-2B | -69.5% (-52.8%) | PreTax Margin | 15.35 | BV/Share | 57 | |||||
| 5Y Average FCF | $-2B | -2.0% (-21.3%) | |||||||||
| Overall Market Assumptions: | |||||||||||
| Assumptions: | P/E for No-Growth Company: | 7.0 | |||||||||
| Perpetual Growth Rate (g): | 1.00% | Historical US Bond Yield: | 4.40% | ||||||||
| Discount Rate (WACC): | 7.00% | Current US Bond Yield: | 3.48% | ||||||||
| Forcasting Future Free Cash Flow for next 6Y | Modified Benjamin Graham's Intrinsic Value | ||||||||||
| Year | FCF Projection (-2.0%) | ||||||||||
| 2026 | $0 | MBG Intrinsic Value | $60 | ||||||||
| 2027 | $0 | ||||||||||
| 2028 | $0 | ||||||||||
| 2029 | $0 | ||||||||||
| 2030 | $0 | ||||||||||
| 2031 | $0 | ||||||||||
| Terminal Value | $0 | Net Worth/Share | $59 | ||||||||
| DCF Valuation | DCF Valuation "What If" Scenario Table | ||||||||||
| Enterprise Value | $0 | Growth Rate | |||||||||
| (+) Cash & Cash Equivalents | $197M | $-81 | 1.0% | 1.2% | 1.5% | 1.8% | 2.0% | ||||
| (-) Total Debt | $44B | WACC | 6.5% | -81 | -81 | -81 | -81 | -81 | |||
| Equity Value | $-44B | 7.1% | -81 | -81 | -81 | -81 | -81 | ||||
| Shares Outstanding | 544,105,032 | 7.8% | -81 | -81 | -81 | -81 | -81 | ||||
| 8.4% | -81 | -81 | -81 | -81 | -81 | ||||||
| DCF Intrinsic Value | $-81 | 9.0% | -81 | -81 | -81 | -81 | -81 | ||||
| Analyzed by QuantJuice (2025) | |||||||||||