| Intrinsic Valuation of: ERIC | |||||||||||
| Free Cash Flow Average and Growth over past 5Y | Key Statistics | ||||||||||
| Year | FCF | FCF (FCF/Revenue) | |||||||||
| 2020 | - | - | EPS (FY) | 0 | Market Cap | $29B | |||||
| 2021 | - | - (-) | P/E Ratio | 171 | Total Asset | $292B | |||||
| 2022 | $34B | - (-) | Net Income | $20M | Total Debt | $32B | |||||
| 2023 | $25B | -28.4% (-38.7%) | EBITDA | $16B | Total Liab | $199B | |||||
| 2024 | $2B | -93.1% (-92.9%) | Opr Margin | 0.03 | Debt/Equity | 0.34 | |||||
| 2025 | $43B | 2396.8% (2552.7%) | PreTax Margin | 1.08 | BV/Share | 8 | |||||
| 5Y Average FCF | $26B | 758.5% (807.0%) | |||||||||
| 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 | $53B | MBG Intrinsic Value | $0 | ||||||||
| 2027 | $67B | ||||||||||
| 2028 | $83B | ||||||||||
| 2029 | $104B | ||||||||||
| 2030 | $130B | ||||||||||
| 2031 | $163B | ||||||||||
| Terminal Value | $3,380B | Net Worth/Share | $30 | ||||||||
| DCF Valuation | DCF Valuation "What If" Scenario Table | ||||||||||
| Enterprise Value | $2,648B | Growth Rate | |||||||||
| (+) Cash & Cash Equivalents | $44B | $866 | 1.5% | 2.0% | 2.5% | 3.0% | 3.5% | ||||
| (-) Total Debt | $32B | WACC | 7.3% | 754 | 813 | 886 | 974 | 1,086 | |||
| Equity Value | $2,660B | 7.4% | 746 | 805 | 876 | 962 | 1,071 | ||||
| Shares Outstanding | 3,071,529,984 | 7.4% | 740 | 797 | 866 | 951 | 1,057 | ||||
| 7.9% | 676 | 724 | 780 | 847 | 930 | ||||||
| DCF Intrinsic Value | $866 | 8.4% | 622 | 662 | 708 | 763 | 829 | ||||
| Analyzed by QuantJuice (2025) | |||||||||||