| Intrinsic Valuation of: ASTS | |||||||||||
| Free Cash Flow Average and Growth over past 5Y | Key Statistics | ||||||||||
| Year | FCF | FCF (FCF/Revenue) | |||||||||
| 2020 | - | - | EPS (FY) | -2 | Market Cap | $18B | |||||
| 2021 | - | - (-) | P/E Ratio | - | Total Asset | $955M | |||||
| 2022 | $-135M | - (-) | Net Income | $-300M | Total Debt | $156M | |||||
| 2023 | $-214M | -58.5% (-42.2%) | EBITDA | $-443M | Total Liab | $285M | |||||
| 2024 | $-268M | -25.3% (-%) | Opr Margin | -54.95 | Debt/Equity | 0.23 | |||||
| 2025 | $-300M | -12.1% (-%) | PreTax Margin | -5,917.68 | BV/Share | 2 | |||||
| 5Y Average FCF | $-229M | -32.0% (-%) | |||||||||
| 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 | $-238M | MBG Intrinsic Value | $-17 | ||||||||
| 2027 | $-248M | ||||||||||
| 2028 | $-258M | ||||||||||
| 2029 | $-268M | ||||||||||
| 2030 | $-279M | ||||||||||
| 2031 | $-290M | ||||||||||
| Terminal Value | $-6B | Net Worth/Share | $2 | ||||||||
| DCF Valuation | DCF Valuation "What If" Scenario Table | ||||||||||
| Enterprise Value | $-5B | Growth Rate | |||||||||
| (+) Cash & Cash Equivalents | $565M | $-18 | 1.5% | 2.0% | 2.5% | 3.0% | 3.5% | ||||
| (-) Total Debt | $156M | WACC | 7.3% | -15 | -17 | -18 | -20 | -22 | |||
| Equity Value | $-5B | 7.4% | -15 | -16 | -18 | -20 | -22 | ||||
| Shares Outstanding | 269,128,000 | 7.4% | -15 | -16 | -18 | -19 | -22 | ||||
| 7.9% | -14 | -15 | -16 | -17 | -19 | ||||||
| DCF Intrinsic Value | $-18 | 8.4% | -13 | -13 | -14 | -15 | -17 | ||||
| Analyzed by QuantJuice (2025) | |||||||||||