| Intrinsic Valuation of: ERIC | |||||||||||
| Free Cash Flow Average and Growth over past 5Y | Key Statistics | ||||||||||
| Year | FCF | FCF (FCF/Revenue) | |||||||||
| 2020 | - | - | EPS (FY) | 1 | Market Cap | $42B | |||||
| 2021 | - | - (-) | P/E Ratio | 15 | Total Asset | $279B | |||||
| 2022 | $25B | - (-) | Net Income | $28B | Total Debt | $29B | |||||
| 2023 | $2B | -93.1% (-92.9%) | EBITDA | $50B | Total Liab | $169B | |||||
| 2024 | $43B | 2396.8% (2552.7%) | Opr Margin | 12.84 | Debt/Equity | 0.26 | |||||
| 2025 | $29B | -31.5% (-28.3%) | PreTax Margin | 11.69 | BV/Share | 17 | |||||
| 5Y Average FCF | $25B | 15.0% (810.5%) | |||||||||
| 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): | 7.96% | Current US Bond Yield: | 3.48% | ||||||||
| Forcasting Future Free Cash Flow for next 6Y | Modified Benjamin Graham's Intrinsic Value | ||||||||||
| Year | FCF Projection (15.0%) | ||||||||||
| 2026 | $32B | MBG Intrinsic Value | $7 | ||||||||
| 2027 | $36B | ||||||||||
| 2028 | $40B | ||||||||||
| 2029 | $43B | ||||||||||
| 2030 | $45B | ||||||||||
| 2031 | $46B | ||||||||||
| Terminal Value | $856B | Net Worth/Share | $36 | ||||||||
| DCF Valuation | DCF Valuation "What If" Scenario Table | ||||||||||
| Enterprise Value | $723B | Growth Rate | |||||||||
| (+) Cash & Cash Equivalents | $44B | $241 | 1.5% | 2.0% | 2.5% | 3.0% | 3.5% | ||||
| (-) Total Debt | $29B | WACC | 6.5% | 274 | 298 | 328 | 367 | 418 | |||
| Equity Value | $738B | 7.4% | 234 | 250 | 270 | 295 | 326 | ||||
| Shares Outstanding | 3,062,832,160 | 8.2% | 204 | 215 | 229 | 246 | 266 | ||||
| 9.1% | 180 | 189 | 200 | 212 | 226 | ||||||
| DCF Intrinsic Value | $241 | 10.0% | 162 | 169 | 176 | 185 | 196 | ||||
| Analyzed by QuantJuice (2025) | |||||||||||