| Intrinsic Valuation of: ARM | |||||||||||
| Free Cash Flow Average and Growth over past 5Y | Key Statistics | ||||||||||
| Year | FCF | FCF (FCF/Revenue) | |||||||||
| 2020 | - | - | EPS (FY) | 1 | Market Cap | $223B | |||||
| 2021 | - | - (-) | P/E Ratio | 243 | Total Asset | $9B | |||||
| 2022 | $383M | - (-) | Net Income | - | Total Debt | $0 | |||||
| 2023 | $646M | 68.7% (70.2%) | EBITDA | - | Total Liab | $2B | |||||
| 2024 | $947M | 46.6% (21.5%) | Opr Margin | - | Debt/Equity | - | |||||
| 2025 | $158M | -83.3% (-86.5%) | PreTax Margin | - | BV/Share | 5 | |||||
| 5Y Average FCF | $534M | 13.0% (1.7%) | |||||||||
| 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 (13.0%) | ||||||||||
| 2026 | $306M | MBG Intrinsic Value | $8 | ||||||||
| 2027 | $339M | ||||||||||
| 2028 | $369M | ||||||||||
| 2029 | $394M | ||||||||||
| 2030 | $412M | ||||||||||
| 2031 | $422M | ||||||||||
| Terminal Value | $4B | Net Worth/Share | $6 | ||||||||
| DCF Valuation | DCF Valuation "What If" Scenario Table | ||||||||||
| Enterprise Value | $3B | Growth Rate | |||||||||
| (+) Cash & Cash Equivalents | $2B | $5 | 1.5% | 2.0% | 2.5% | 3.0% | 3.5% | ||||
| (-) Total Debt | $0 | WACC | 12.0% | 5 | 5 | 6 | 6 | 6 | |||
| Equity Value | $5B | 12.5% | 5 | 5 | 5 | 5 | 6 | ||||
| Shares Outstanding | 1,063,998,569 | 13.0% | 5 | 5 | 5 | 5 | 5 | ||||
| 13.5% | 5 | 5 | 5 | 5 | 5 | ||||||
| DCF Intrinsic Value | $5 | 14.0% | 5 | 5 | 5 | 5 | 5 | ||||
| Analyzed by QuantJuice (2025) | |||||||||||