| Intrinsic Valuation of: CASY | |||||||||||
| Free Cash Flow Average and Growth over past 5Y | Key Statistics | ||||||||||
| Year | FCF | FCF (FCF/Revenue) | |||||||||
| 2020 | - | - | EPS (FY) | 17 | Market Cap | $32B | |||||
| 2021 | - | - (-) | P/E Ratio | 49 | Total Asset | $8B | |||||
| 2022 | $462M | - (-) | Net Income | $547M | Total Debt | $2B | |||||
| 2023 | $405M | -12.3% (-24.7%) | EBITDA | $1B | Total Liab | $5B | |||||
| 2024 | $371M | -8.5% (-7.1%) | Opr Margin | 5.00 | Debt/Equity | 0.69 | |||||
| 2025 | $585M | 57.6% (46.9%) | PreTax Margin | 5.00 | BV/Share | 61 | |||||
| 5Y Average FCF | $456M | 9.4% (5.0%) | |||||||||
| 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): | 7.00% | Current US Bond Yield: | 3.48% | ||||||||
| Forcasting Future Free Cash Flow for next 6Y | Modified Benjamin Graham's Intrinsic Value | ||||||||||
| Year | FCF Projection (9.4%) | ||||||||||
| 2026 | $597M | MBG Intrinsic Value | $156 | ||||||||
| 2027 | $645M | ||||||||||
| 2028 | $687M | ||||||||||
| 2029 | $723M | ||||||||||
| 2030 | $751M | ||||||||||
| 2031 | $770M | ||||||||||
| Terminal Value | $17B | Net Worth/Share | $95 | ||||||||
| DCF Valuation | DCF Valuation "What If" Scenario Table | ||||||||||
| Enterprise Value | $15B | Growth Rate | |||||||||
| (+) Cash & Cash Equivalents | $327M | $347 | 1.5% | 2.0% | 2.5% | 3.0% | 3.5% | ||||
| (-) Total Debt | $2B | WACC | 6.5% | 322 | 356 | 398 | 451 | 523 | |||
| Equity Value | $13B | 7.1% | 280 | 306 | 336 | 375 | 424 | ||||
| Shares Outstanding | 36,959,030 | 7.8% | 246 | 265 | 289 | 318 | 353 | ||||
| 8.4% | 218 | 233 | 252 | 274 | 300 | ||||||
| DCF Intrinsic Value | $347 | 9.0% | 194 | 207 | 222 | 239 | 260 | ||||
| Analyzed by QuantJuice (2025) | |||||||||||