| Intrinsic Valuation of: BNTX | |||||||||||
| Free Cash Flow Average and Growth over past 5Y | Key Statistics | ||||||||||
| Year | FCF | FCF (FCF/Revenue) | |||||||||
| 2020 | - | - | EPS (FY) | -4 | Market Cap | $26B | |||||
| 2021 | - | - (-) | P/E Ratio | - | Total Asset | $23B | |||||
| 2022 | $736M | - (-) | Net Income | $-665M | Total Debt | $215M | |||||
| 2023 | $13B | 1696.1% (1869.0%) | EBITDA | $-367M | Total Liab | $3B | |||||
| 2024 | $5B | -64.7% (60.1%) | Opr Margin | -0.22 | Debt/Equity | 0.01 | |||||
| 2025 | $-245M | -105.2% (-107.3%) | PreTax Margin | -22.11 | BV/Share | 76 | |||||
| 5Y Average FCF | $5B | 508.7% (607.3%) | |||||||||
| 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 | $6B | MBG Intrinsic Value | $-34 | ||||||||
| 2027 | $7B | ||||||||||
| 2028 | $9B | ||||||||||
| 2029 | $11B | ||||||||||
| 2030 | $14B | ||||||||||
| 2031 | $18B | ||||||||||
| Terminal Value | $364B | Net Worth/Share | $81 | ||||||||
| DCF Valuation | DCF Valuation "What If" Scenario Table | ||||||||||
| Enterprise Value | $285B | Growth Rate | |||||||||
| (+) Cash & Cash Equivalents | $10B | $1,227 | 1.5% | 2.0% | 2.5% | 3.0% | 3.5% | ||||
| (-) Total Debt | $215M | WACC | 7.3% | 1,072 | 1,154 | 1,254 | 1,376 | 1,530 | |||
| Equity Value | $295B | 7.4% | 1,062 | 1,143 | 1,240 | 1,359 | 1,510 | ||||
| Shares Outstanding | 240,395,008 | 7.4% | 1,053 | 1,132 | 1,227 | 1,343 | 1,490 | ||||
| 7.9% | 965 | 1,030 | 1,108 | 1,201 | 1,315 | ||||||
| DCF Intrinsic Value | $1,227 | 8.4% | 891 | 945 | 1,009 | 1,085 | 1,175 | ||||
| Analyzed by QuantJuice (2025) | |||||||||||