| Intrinsic Valuation of: ALAB | |||||||||||
| Free Cash Flow Average and Growth over past 5Y | Key Statistics | ||||||||||
| Year | FCF | FCF (FCF/Revenue) | |||||||||
| 2020 | - | - | EPS (FY) | 1 | Market Cap | $40B | |||||
| 2021 | - | - (-) | P/E Ratio | 156 | Total Asset | $2B | |||||
| 2022 | $-40M | - (-) | Net Income | $219M | Total Debt | $0 | |||||
| 2023 | $-15M | 61.1% (73.2%) | EBITDA | $180M | Total Liab | $168M | |||||
| 2024 | $102M | 761.8% (293.4%) | Opr Margin | 20.34 | Debt/Equity | - | |||||
| 2025 | $282M | 175.1% (27.9%) | PreTax Margin | 20.34 | BV/Share | 8 | |||||
| 5Y Average FCF | $82M | 15.0% (131.5%) | |||||||||
| Overall Market Assumptions: | |||||||||||
| Assumptions: | P/E for No-Growth Company: | 7.0 | |||||||||
| Perpetual Growth Rate (g): | 2.48% | Historical US Bond Yield: | 4.40% | ||||||||
| Discount Rate (WACC): | 14.00% | Current US Bond Yield: | 3.48% | ||||||||
| Forcasting Future Free Cash Flow for next 6Y | Modified Benjamin Graham's Intrinsic Value | ||||||||||
| Year | FCF Projection (15.0%) | ||||||||||
| 2026 | $293M | MBG Intrinsic Value | $13 | ||||||||
| 2027 | $330M | ||||||||||
| 2028 | $363M | ||||||||||
| 2029 | $390M | ||||||||||
| 2030 | $409M | ||||||||||
| 2031 | $419M | ||||||||||
| Terminal Value | $4B | Net Worth/Share | $8 | ||||||||
| DCF Valuation | DCF Valuation "What If" Scenario Table | ||||||||||
| Enterprise Value | $3B | Growth Rate | |||||||||
| (+) Cash & Cash Equivalents | $168M | $19 | 1.5% | 2.0% | 2.5% | 3.0% | 3.5% | ||||
| (-) Total Debt | $0 | WACC | 12.0% | 22 | 22 | 23 | 24 | 25 | |||
| Equity Value | $3B | 12.5% | 21 | 21 | 22 | 23 | 23 | ||||
| Shares Outstanding | 171,407,939 | 13.0% | 20 | 20 | 21 | 21 | 22 | ||||
| 13.5% | 19 | 19 | 20 | 20 | 21 | ||||||
| DCF Intrinsic Value | $19 | 14.0% | 18 | 19 | 19 | 20 | 20 | ||||
| Analyzed by QuantJuice (2025) | |||||||||||