| Intrinsic Valuation of: CRDO | |||||||||||
| Free Cash Flow Average and Growth over past 5Y | Key Statistics | ||||||||||
| Year | FCF | FCF (FCF/Revenue) | |||||||||
| 2020 | - | - | EPS (FY) | 0 | Market Cap | $16B | |||||
| 2021 | - | - (-) | P/E Ratio | 324 | Total Asset | $602M | |||||
| 2022 | $-48M | - (-) | Net Income | $-28M | Total Debt | $0 | |||||
| 2023 | $-48M | 0.0% (44.9%) | EBITDA | $-23M | Total Liab | $62M | |||||
| 2024 | $-46M | 4.3% (44.7%) | Opr Margin | -0.19 | Debt/Equity | - | |||||
| 2025 | $17M | 136.9% (135.2%) | PreTax Margin | -18.81 | BV/Share | 3 | |||||
| 5Y Average FCF | $-32M | 47.1% (74.9%) | |||||||||
| 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 (25.0%) | ||||||||||
| 2026 | $21M | MBG Intrinsic Value | $2 | ||||||||
| 2027 | $27M | ||||||||||
| 2028 | $33M | ||||||||||
| 2029 | $42M | ||||||||||
| 2030 | $52M | ||||||||||
| 2031 | $65M | ||||||||||
| Terminal Value | $1B | Net Worth/Share | $3 | ||||||||
| DCF Valuation | DCF Valuation "What If" Scenario Table | ||||||||||
| Enterprise Value | $1B | Growth Rate | |||||||||
| (+) Cash & Cash Equivalents | $67M | $7 | 1.5% | 2.0% | 2.5% | 3.0% | 3.5% | ||||
| (-) Total Debt | $0 | WACC | 7.3% | 6 | 6 | 7 | 7 | 8 | |||
| Equity Value | $1B | 7.4% | 6 | 6 | 7 | 7 | 8 | ||||
| Shares Outstanding | 169,800,992 | 7.4% | 6 | 6 | 7 | 7 | 8 | ||||
| 7.9% | 5 | 6 | 6 | 7 | 7 | ||||||
| DCF Intrinsic Value | $7 | 8.4% | 5 | 5 | 5 | 6 | 6 | ||||
| Analyzed by QuantJuice (2025) | |||||||||||