| Intrinsic Valuation of: ALNY | |||||||||||
| Free Cash Flow Average and Growth over past 5Y | Key Statistics | ||||||||||
| Year | FCF | FCF (FCF/Revenue) | |||||||||
| 2020 | - | - | EPS (FY) | 4 | Market Cap | $38B | |||||
| 2021 | - | - (-) | P/E Ratio | 72 | Total Asset | $5B | |||||
| 2022 | $-613M | - (-) | Net Income | $314M | Total Debt | $1B | |||||
| 2023 | $42M | 106.8% (103.9%) | EBITDA | $631M | Total Liab | $4B | |||||
| 2024 | $-43M | -201.5% (-182.6%) | Opr Margin | 13.51 | Debt/Equity | 1.28 | |||||
| 2025 | $465M | 1192.7% (761.5%) | PreTax Margin | 6.70 | BV/Share | 6 | |||||
| 5Y Average FCF | $-37M | 15.0% (227.6%) | |||||||||
| 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): | 7.13% | 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 | $462M | MBG Intrinsic Value | $36 | ||||||||
| 2027 | $520M | ||||||||||
| 2028 | $572M | ||||||||||
| 2029 | $615M | ||||||||||
| 2030 | $645M | ||||||||||
| 2031 | $661M | ||||||||||
| Terminal Value | $15B | Net Worth/Share | $6 | ||||||||
| DCF Valuation | DCF Valuation "What If" Scenario Table | ||||||||||
| Enterprise Value | $12B | Growth Rate | |||||||||
| (+) Cash & Cash Equivalents | $2B | $97 | 1.5% | 2.0% | 2.5% | 3.0% | 3.5% | ||||
| (-) Total Debt | $1B | WACC | 6.5% | 94 | 102 | 112 | 125 | 142 | |||
| Equity Value | $13B | 7.2% | 84 | 90 | 97 | 106 | 117 | ||||
| Shares Outstanding | 133,512,573 | 7.8% | 75 | 80 | 85 | 92 | 100 | ||||
| 8.5% | 68 | 72 | 76 | 81 | 87 | ||||||
| DCF Intrinsic Value | $97 | 9.1% | 63 | 66 | 69 | 73 | 78 | ||||
| Analyzed by QuantJuice (2025) | |||||||||||