| Intrinsic Valuation of: AMD | |||||||||||
| Free Cash Flow Average and Growth over past 5Y | Key Statistics | ||||||||||
| Year | FCF | FCF (FCF/Revenue) | |||||||||
| 2020 | - | - | EPS (FY) | 3 | Market Cap | $692B | |||||
| 2021 | - | - (-) | P/E Ratio | 141 | Total Asset | $77B | |||||
| 2022 | $3B | - (-) | Net Income | $4B | Total Debt | $2B | |||||
| 2023 | $1B | -64.0% (-62.6%) | EBITDA | $7B | Total Liab | $14B | |||||
| 2024 | $2B | 114.5% (88.7%) | Opr Margin | 10.66 | Debt/Equity | 0.04 | |||||
| 2025 | $7B | 180.0% (108.5%) | PreTax Margin | 10.29 | BV/Share | 13 | |||||
| 5Y Average FCF | $3B | 15.0% (44.9%) | |||||||||
| 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 | $7B | MBG Intrinsic Value | $27 | ||||||||
| 2027 | $7B | ||||||||||
| 2028 | $8B | ||||||||||
| 2029 | $9B | ||||||||||
| 2030 | $9B | ||||||||||
| 2031 | $9B | ||||||||||
| Terminal Value | $84B | Net Worth/Share | $39 | ||||||||
| DCF Valuation | DCF Valuation "What If" Scenario Table | ||||||||||
| Enterprise Value | $69B | Growth Rate | |||||||||
| (+) Cash & Cash Equivalents | $6B | $44 | 1.5% | 2.0% | 2.5% | 3.0% | 3.5% | ||||
| (-) Total Debt | $2B | WACC | 12.0% | 50 | 52 | 54 | 56 | 58 | |||
| Equity Value | $73B | 12.5% | 48 | 50 | 51 | 53 | 55 | ||||
| Shares Outstanding | 1,630,600,639 | 13.0% | 46 | 47 | 49 | 50 | 52 | ||||
| 13.5% | 44 | 45 | 46 | 48 | 49 | ||||||
| DCF Intrinsic Value | $44 | 14.0% | 42 | 43 | 44 | 46 | 47 | ||||
| Analyzed by QuantJuice (2025) | |||||||||||