| Intrinsic Valuation of: BPYPP | |||||||||||
| Free Cash Flow Average and Growth over past 5Y | Key Statistics | ||||||||||
| Year | FCF | FCF (FCF/Revenue) | |||||||||
| 2020 | - | - | EPS (FY) | 2 | Market Cap | $10B | |||||
| 2021 | - | - (-) | P/E Ratio | 7 | Total Asset | $103B | |||||
| 2022 | $450M | - (-) | Net Income | $-510M | Total Debt | $36B | |||||
| 2023 | $-260M | -157.8% (-155.7%) | EBITDA | $3B | Total Liab | $64B | |||||
| 2024 | $-1B | -361.2% (-258.2%) | Opr Margin | 0.38 | Debt/Equity | 0.94 | |||||
| 2025 | $615M | 151.3% (153.4%) | PreTax Margin | -14.03 | BV/Share | - | |||||
| 5Y Average FCF | $-98M | -122.5% (-86.8%) | |||||||||
| 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 (4.0%) | ||||||||||
| 2026 | $640M | MBG Intrinsic Value | $20 | ||||||||
| 2027 | $665M | ||||||||||
| 2028 | $692M | ||||||||||
| 2029 | $719M | ||||||||||
| 2030 | $748M | ||||||||||
| 2031 | $778M | ||||||||||
| Terminal Value | $16B | Net Worth/Share | - | ||||||||
| DCF Valuation | DCF Valuation "What If" Scenario Table | ||||||||||
| Enterprise Value | $14B | Growth Rate | |||||||||
| (+) Cash & Cash Equivalents | $2B | $-20B | 1.5% | 2.0% | 2.5% | 3.0% | 3.5% | ||||
| (-) Total Debt | $36B | WACC | 7.3% | -21,600,321,269 | -20,721,210,206 | -19,660,088,571 | -18,353,904,203 | -16,706,679,530 | |||
| Equity Value | $-20B | 7.4% | -21,705,449,212 | -20,843,922,880 | -19,805,854,266 | -18,530,783,686 | -16,927,086,668 | ||||
| Shares Outstanding | 0 | 7.4% | -21,808,800,875 | -20,964,372,625 | -19,948,660,753 | -18,703,668,550 | -17,141,884,437 | ||||
| 7.9% | -22,753,740,257 | -22,057,003,690 | -21,231,954,680 | -20,239,552,929 | -19,023,132,725 | ||||||
| DCF Intrinsic Value | $-20B | 8.4% | -23,562,037,145 | -22,979,459,710 | -22,298,639,874 | -21,492,438,852 | -20,522,708,212 | ||||
| Analyzed by QuantJuice (2025) | |||||||||||