| Intrinsic Valuation of: AMD | |||||||||||
| Free Cash Flow Average and Growth over past 5Y | Key Statistics | ||||||||||
| Year | FCF | FCF (FCF/Revenue) | |||||||||
| 2020 | - | - | EPS (FY) | 1 | Market Cap | $230B | |||||
| 2021 | - | - (-) | P/E Ratio | 103 | Total Asset | $69B | |||||
| 2022 | $3B | - (-) | Net Income | $2B | Total Debt | $2B | |||||
| 2023 | $3B | -3.3% (-32.6%) | EBITDA | $5B | Total Liab | $12B | |||||
| 2024 | $1B | -64.0% (-62.6%) | Opr Margin | 0.08 | Debt/Equity | 0.03 | |||||
| 2025 | $2B | 114.5% (88.7%) | PreTax Margin | 7.73 | BV/Share | 9 | |||||
| 5Y Average FCF | $2B | 15.8% (-2.2%) | |||||||||
| 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 (15.8%) | ||||||||||
| 2026 | $3B | MBG Intrinsic Value | $12 | ||||||||
| 2027 | $3B | ||||||||||
| 2028 | $4B | ||||||||||
| 2029 | $4B | ||||||||||
| 2030 | $5B | ||||||||||
| 2031 | $6B | ||||||||||
| Terminal Value | $120B | Net Worth/Share | $36 | ||||||||
| DCF Valuation | DCF Valuation "What If" Scenario Table | ||||||||||
| Enterprise Value | $97B | Growth Rate | |||||||||
| (+) Cash & Cash Equivalents | $4B | $61 | 1.5% | 2.0% | 2.5% | 3.0% | 3.5% | ||||
| (-) Total Debt | $2B | WACC | 7.3% | 54 | 58 | 63 | 68 | 76 | |||
| Equity Value | $99B | 7.4% | 53 | 57 | 62 | 68 | 75 | ||||
| Shares Outstanding | 1,621,400,064 | 7.4% | 53 | 57 | 61 | 67 | 74 | ||||
| 7.9% | 48 | 52 | 55 | 60 | 65 | ||||||
| DCF Intrinsic Value | $61 | 8.4% | 45 | 47 | 50 | 54 | 59 | ||||
| Analyzed by QuantJuice (2025) | |||||||||||