| Intrinsic Valuation of: AVGO | |||||||||||
| Free Cash Flow Average and Growth over past 5Y | Key Statistics | ||||||||||
| Year | FCF | FCF (FCF/Revenue) | |||||||||
| 2020 | - | - | EPS (FY) | 5 | Market Cap | $2,013B | |||||
| 2021 | - | - (-) | P/E Ratio | 83 | Total Asset | $171B | |||||
| 2022 | $16B | - (-) | Net Income | $23B | Total Debt | $62B | |||||
| 2023 | $18B | 8.1% (0.2%) | EBITDA | $35B | Total Liab | $90B | |||||
| 2024 | $19B | 10.1% (-23.5%) | Opr Margin | 40.81 | Debt/Equity | 0.76 | |||||
| 2025 | $27B | 38.6% (11.9%) | PreTax Margin | 35.79 | BV/Share | -10 | |||||
| 5Y Average FCF | $20B | 15.0% (-3.8%) | |||||||||
| 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): | 11.21% | 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 | $29B | MBG Intrinsic Value | $46 | ||||||||
| 2027 | $32B | ||||||||||
| 2028 | $35B | ||||||||||
| 2029 | $38B | ||||||||||
| 2030 | $40B | ||||||||||
| 2031 | $41B | ||||||||||
| Terminal Value | $480B | Net Worth/Share | $17 | ||||||||
| DCF Valuation | DCF Valuation "What If" Scenario Table | ||||||||||
| Enterprise Value | $401B | Growth Rate | |||||||||
| (+) Cash & Cash Equivalents | $16B | $75 | 1.5% | 2.0% | 2.5% | 3.0% | 3.5% | ||||
| (-) Total Debt | $62B | WACC | 9.2% | 90 | 95 | 101 | 108 | 115 | |||
| Equity Value | $355B | 10.2% | 78 | 82 | 86 | 91 | 97 | ||||
| Shares Outstanding | 4,734,668,184 | 11.2% | 69 | 72 | 75 | 79 | 83 | ||||
| 12.2% | 61 | 64 | 66 | 69 | 72 | ||||||
| DCF Intrinsic Value | $75 | 13.2% | 55 | 57 | 59 | 61 | 63 | ||||
| Analyzed by QuantJuice (2025) | |||||||||||