| Intrinsic Valuation of: ALNY | |||||||||||
| Free Cash Flow Average and Growth over past 5Y | Key Statistics | ||||||||||
| Year | FCF | FCF (FCF/Revenue) | |||||||||
| 2020 | - | - | EPS (FY) | -2 | Market Cap | $42B | |||||
| 2021 | - | - (-) | P/E Ratio | - | Total Asset | $4B | |||||
| 2022 | $-718M | - (-) | Net Income | $-278M | Total Debt | $1B | |||||
| 2023 | $-613M | 14.6% (30.5%) | EBITDA | $-179M | Total Liab | $4B | |||||
| 2024 | $42M | 106.8% (103.9%) | Opr Margin | -0.08 | Debt/Equity | 15.27 | |||||
| 2025 | $-43M | -201.5% (-182.6%) | PreTax Margin | -14.18 | BV/Share | 1 | |||||
| 5Y Average FCF | $-333M | -26.7% (-16.1%) | |||||||||
| 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 (4.0%) | ||||||||||
| 2026 | $-346M | MBG Intrinsic Value | $-19 | ||||||||
| 2027 | $-360M | ||||||||||
| 2028 | $-375M | ||||||||||
| 2029 | $-390M | ||||||||||
| 2030 | $-405M | ||||||||||
| 2031 | $-421M | ||||||||||
| Terminal Value | $-9B | Net Worth/Share | $1 | ||||||||
| DCF Valuation | DCF Valuation "What If" Scenario Table | ||||||||||
| Enterprise Value | $-7B | Growth Rate | |||||||||
| (+) Cash & Cash Equivalents | $966M | $-58 | 1.5% | 2.0% | 2.5% | 3.0% | 3.5% | ||||
| (-) Total Debt | $1B | WACC | 7.3% | -51 | -55 | -59 | -64 | -71 | |||
| Equity Value | $-8B | 7.4% | -51 | -54 | -58 | -64 | -70 | ||||
| Shares Outstanding | 130,388,000 | 7.4% | -50 | -54 | -58 | -63 | -70 | ||||
| 7.9% | -46 | -49 | -53 | -57 | -62 | ||||||
| DCF Intrinsic Value | $-58 | 8.4% | -43 | -45 | -48 | -51 | -55 | ||||
| Analyzed by QuantJuice (2025) | |||||||||||