| 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 | $64B | |||||
| 2021 | - | - (-) | P/E Ratio | 20 | Total Asset | $41B | |||||
| 2022 | $899M | - (-) | Net Income | $3B | Total Debt | $5B | |||||
| 2023 | $2B | 104.4% (69.6%) | EBITDA | $4B | Total Liab | $22B | |||||
| 2024 | $2B | 11.8% (2.4%) | Opr Margin | 12.83 | Debt/Equity | 0.28 | |||||
| 2025 | $3B | 23.5% (23.9%) | PreTax Margin | 12.03 | BV/Share | 9 | |||||
| 5Y Average FCF | $2B | 15.0% (32.0%) | |||||||||
| 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): | 8.38% | 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 | $3B | MBG Intrinsic Value | $28 | ||||||||
| 2027 | $3B | ||||||||||
| 2028 | $3B | ||||||||||
| 2029 | $4B | ||||||||||
| 2030 | $4B | ||||||||||
| 2031 | $4B | ||||||||||
| Terminal Value | $67B | Net Worth/Share | $19 | ||||||||
| DCF Valuation | DCF Valuation "What If" Scenario Table | ||||||||||
| Enterprise Value | $56B | Growth Rate | |||||||||
| (+) Cash & Cash Equivalents | $4B | $55 | 1.5% | 2.0% | 2.5% | 3.0% | 3.5% | ||||
| (-) Total Debt | $5B | WACC | 6.5% | 68 | 74 | 82 | 92 | 105 | |||
| Equity Value | $54B | 7.5% | 56 | 60 | 65 | 71 | 79 | ||||
| Shares Outstanding | 992,068,697 | 8.4% | 48 | 51 | 54 | 58 | 63 | ||||
| 9.4% | 42 | 44 | 46 | 49 | 52 | ||||||
| DCF Intrinsic Value | $55 | 10.4% | 37 | 38 | 40 | 42 | 45 | ||||
| Analyzed by QuantJuice (2025) | |||||||||||