| Intrinsic Valuation of: BKR | |||||||||||
| Free Cash Flow Average and Growth over past 5Y | Key Statistics | ||||||||||
| Year | FCF | FCF (FCF/Revenue) | |||||||||
| 2020 | - | - | EPS (FY) | 3 | Market Cap | $38B | |||||
| 2021 | - | - (-) | P/E Ratio | 13 | Total Asset | $38B | |||||
| 2022 | $2B | - (-) | Net Income | $3B | Total Debt | $6B | |||||
| 2023 | $899M | -40.8% (-42.6%) | EBITDA | $5B | Total Liab | $21B | |||||
| 2024 | $2B | 104.4% (69.6%) | Opr Margin | 0.12 | Debt/Equity | 0.35 | |||||
| 2025 | $2B | 11.8% (2.4%) | PreTax Margin | 11.44 | BV/Share | 7 | |||||
| 5Y Average FCF | $2B | 25.1% (9.8%) | |||||||||
| 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 (25.0%) | ||||||||||
| 2026 | $3B | MBG Intrinsic Value | $26 | ||||||||
| 2027 | $3B | ||||||||||
| 2028 | $4B | ||||||||||
| 2029 | $5B | ||||||||||
| 2030 | $6B | ||||||||||
| 2031 | $8B | ||||||||||
| Terminal Value | $163B | Net Worth/Share | $17 | ||||||||
| DCF Valuation | DCF Valuation "What If" Scenario Table | ||||||||||
| Enterprise Value | $128B | Growth Rate | |||||||||
| (+) Cash & Cash Equivalents | $3B | $126 | 1.5% | 2.0% | 2.5% | 3.0% | 3.5% | ||||
| (-) Total Debt | $6B | WACC | 7.3% | 109 | 118 | 129 | 142 | 159 | |||
| Equity Value | $125B | 7.4% | 108 | 117 | 128 | 141 | 157 | ||||
| Shares Outstanding | 990,750,016 | 7.4% | 107 | 116 | 126 | 139 | 155 | ||||
| 7.9% | 98 | 105 | 113 | 123 | 136 | ||||||
| DCF Intrinsic Value | $126 | 8.4% | 90 | 96 | 103 | 111 | 121 | ||||
| Analyzed by QuantJuice (2025) | |||||||||||