| Intrinsic Valuation of: EA | |||||||||||
| Free Cash Flow Average and Growth over past 5Y | Key Statistics | ||||||||||
| Year | FCF | FCF (FCF/Revenue) | |||||||||
| 2020 | - | - | EPS (FY) | 4 | Market Cap | $50B | |||||
| 2021 | - | - (-) | P/E Ratio | 57 | Total Asset | $12B | |||||
| 2022 | $2B | - (-) | Net Income | - | Total Debt | $1B | |||||
| 2023 | $1B | -21.5% (-26.1%) | EBITDA | - | Total Liab | $6B | |||||
| 2024 | $2B | 57.6% (54.7%) | Opr Margin | - | Debt/Equity | 0.23 | |||||
| 2025 | $2B | -12.2% (-11.0%) | PreTax Margin | - | BV/Share | 3 | |||||
| 5Y Average FCF | $2B | 4.5% (5.9%) | |||||||||
| 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 (4.5%) | ||||||||||
| 2026 | $2B | MBG Intrinsic Value | $31 | ||||||||
| 2027 | $2B | ||||||||||
| 2028 | $2B | ||||||||||
| 2029 | $2B | ||||||||||
| 2030 | $2B | ||||||||||
| 2031 | $2B | ||||||||||
| Terminal Value | $51B | Net Worth/Share | $25 | ||||||||
| DCF Valuation | DCF Valuation "What If" Scenario Table | ||||||||||
| Enterprise Value | $44B | Growth Rate | |||||||||
| (+) Cash & Cash Equivalents | $2B | $177 | 1.5% | 2.0% | 2.5% | 3.0% | 3.5% | ||||
| (-) Total Debt | $1B | WACC | 6.5% | 167 | 181 | 199 | 222 | 253 | |||
| Equity Value | $44B | 7.1% | 149 | 160 | 173 | 189 | 211 | ||||
| Shares Outstanding | 250,751,484 | 7.8% | 134 | 142 | 152 | 165 | 180 | ||||
| 8.4% | 122 | 128 | 136 | 146 | 157 | ||||||
| DCF Intrinsic Value | $177 | 9.0% | 112 | 117 | 124 | 131 | 140 | ||||
| Analyzed by QuantJuice (2025) | |||||||||||