| 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 | $21B | |||||
| 2021 | - | - (-) | P/E Ratio | 424 | Total Asset | $809M | |||||
| 2022 | $-48M | - (-) | Net Income | $52M | Total Debt | $0 | |||||
| 2023 | $-46M | 4.3% (44.7%) | EBITDA | $60M | Total Liab | $128M | |||||
| 2024 | $17M | 136.9% (135.2%) | Opr Margin | 0.09 | Debt/Equity | - | |||||
| 2025 | $29M | 69.9% (-25.0%) | PreTax Margin | 8.70 | BV/Share | 4 | |||||
| 5Y Average FCF | $-12M | 70.4% (51.6%) | |||||||||
| 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 | $36M | MBG Intrinsic Value | $3 | ||||||||
| 2027 | $45M | ||||||||||
| 2028 | $57M | ||||||||||
| 2029 | $71M | ||||||||||
| 2030 | $89M | ||||||||||
| 2031 | $111M | ||||||||||
| Terminal Value | $2B | Net Worth/Share | $4 | ||||||||
| DCF Valuation | DCF Valuation "What If" Scenario Table | ||||||||||
| Enterprise Value | $2B | Growth Rate | |||||||||
| (+) Cash & Cash Equivalents | $236M | $12 | 1.5% | 2.0% | 2.5% | 3.0% | 3.5% | ||||
| (-) Total Debt | $0 | WACC | 7.3% | 10 | 11 | 12 | 13 | 14 | |||
| Equity Value | $2B | 7.4% | 10 | 11 | 12 | 13 | 14 | ||||
| Shares Outstanding | 172,974,000 | 7.4% | 10 | 11 | 12 | 13 | 14 | ||||
| 7.9% | 9 | 10 | 11 | 12 | 13 | ||||||
| DCF Intrinsic Value | $12 | 8.4% | 9 | 9 | 10 | 11 | 11 | ||||
| Analyzed by QuantJuice (2025) | |||||||||||