| 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 | $15B | |||||
| 2021 | - | - (-) | P/E Ratio | 69 | Total Asset | $1B | |||||
| 2022 | - | - (-) | Net Income | $-83M | Total Debt | $0 | |||||
| 2023 | $-40M | -% (-%) | EBITDA | $-113M | Total Liab | $90M | |||||
| 2024 | $-15M | 61.1% (73.2%) | Opr Margin | -0.29 | Debt/Equity | - | |||||
| 2025 | $102M | 761.8% (293.4%) | PreTax Margin | -29.29 | BV/Share | 6 | |||||
| 5Y Average FCF | $16M | 411.5% (-%) | |||||||||
| 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 | $128M | MBG Intrinsic Value | $11 | ||||||||
| 2027 | $160M | ||||||||||
| 2028 | $200M | ||||||||||
| 2029 | $250M | ||||||||||
| 2030 | $313M | ||||||||||
| 2031 | $391M | ||||||||||
| Terminal Value | $8B | Net Worth/Share | $6 | ||||||||
| DCF Valuation | DCF Valuation "What If" Scenario Table | ||||||||||
| Enterprise Value | $6B | Growth Rate | |||||||||
| (+) Cash & Cash Equivalents | $80M | $39 | 1.5% | 2.0% | 2.5% | 3.0% | 3.5% | ||||
| (-) Total Debt | $0 | WACC | 7.3% | 34 | 37 | 40 | 44 | 49 | |||
| Equity Value | $6B | 7.4% | 34 | 36 | 40 | 43 | 48 | ||||
| Shares Outstanding | 164,916,992 | 7.4% | 33 | 36 | 39 | 43 | 48 | ||||
| 7.9% | 31 | 33 | 35 | 38 | 42 | ||||||
| DCF Intrinsic Value | $39 | 8.4% | 28 | 30 | 32 | 34 | 37 | ||||
| Analyzed by QuantJuice (2025) | |||||||||||