| Intrinsic Valuation of: BTSGU | |||||||||||
| Free Cash Flow Average and Growth over past 5Y | Key Statistics | ||||||||||
| Year | FCF | FCF (FCF/Revenue) | |||||||||
| 2020 | - | - | EPS (FY) | - | Market Cap | - | |||||
| 2021 | - | - (-) | P/E Ratio | - | Total Asset | $6B | |||||
| 2022 | $211M | - (-) | Net Income | $-18M | Total Debt | $3B | |||||
| 2023 | $-75M | -135.5% (-130.8%) | EBITDA | $398M | Total Liab | $4B | |||||
| 2024 | $137M | 283.6% (260.6%) | Opr Margin | 0.02 | Debt/Equity | 1.55 | |||||
| 2025 | $-57M | -141.6% (-132.6%) | PreTax Margin | -0.20 | BV/Share | - | |||||
| 5Y Average FCF | $54M | 2.2% (-0.9%) | |||||||||
| 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 | $56M | MBG Intrinsic Value | - | ||||||||
| 2027 | $58M | ||||||||||
| 2028 | $61M | ||||||||||
| 2029 | $63M | ||||||||||
| 2030 | $66M | ||||||||||
| 2031 | $68M | ||||||||||
| Terminal Value | $1B | Net Worth/Share | - | ||||||||
| DCF Valuation | DCF Valuation "What If" Scenario Table | ||||||||||
| Enterprise Value | $1B | Growth Rate | |||||||||
| (+) Cash & Cash Equivalents | $61M | $-1B | 1.5% | 2.0% | 2.5% | 3.0% | 3.5% | ||||
| (-) Total Debt | $3B | WACC | 7.3% | -1,430,655,065 | -1,353,376,915 | -1,260,099,147 | -1,145,279,169 | -1,000,480,085 | |||
| Equity Value | $-1B | 7.4% | -1,439,896,325 | -1,364,163,957 | -1,272,912,662 | -1,160,827,739 | -1,019,854,948 | ||||
| Shares Outstanding | - | 7.4% | -1,448,981,440 | -1,374,752,077 | -1,285,466,049 | -1,176,025,161 | -1,038,736,720 | ||||
| 7.9% | -1,532,046,221 | -1,470,799,678 | -1,398,273,845 | -1,311,036,891 | -1,204,107,621 | ||||||
| DCF Intrinsic Value | $-1B | 8.4% | -1,603,099,460 | -1,551,888,062 | -1,492,040,677 | -1,421,171,675 | -1,335,927,621 | ||||
| Analyzed by QuantJuice (2025) | |||||||||||