| Intrinsic Valuation of: EWBC | |||||||||||
| Free Cash Flow Average and Growth over past 5Y | Key Statistics | ||||||||||
| Year | FCF | FCF (FCF/Revenue) | |||||||||
| 2020 | - | - | EPS (FY) | 10 | Market Cap | $16B | |||||
| 2021 | - | - (-) | P/E Ratio | 12 | Total Asset | $80B | |||||
| 2022 | $2B | - (-) | Net Income | $1B | Total Debt | $3B | |||||
| 2023 | $1B | -31.0% (-37.6%) | EBITDA | - | Total Liab | $72B | |||||
| 2024 | $1B | -0.9% (-1.1%) | Opr Margin | - | Debt/Equity | 0.34 | |||||
| 2025 | $2B | 6.4% (-5.7%) | PreTax Margin | - | BV/Share | 62 | |||||
| 5Y Average FCF | $2B | 3.5% (-14.8%) | |||||||||
| 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): | 8.89% | Current US Bond Yield: | 3.48% | ||||||||
| Forcasting Future Free Cash Flow for next 6Y | Modified Benjamin Graham's Intrinsic Value | ||||||||||
| Year | FCF Projection (3.5%) | ||||||||||
| 2026 | $2B | MBG Intrinsic Value | $90 | ||||||||
| 2027 | $2B | ||||||||||
| 2028 | $2B | ||||||||||
| 2029 | $2B | ||||||||||
| 2030 | $2B | ||||||||||
| 2031 | $2B | ||||||||||
| Terminal Value | $29B | Net Worth/Share | $65 | ||||||||
| DCF Valuation | DCF Valuation "What If" Scenario Table | ||||||||||
| Enterprise Value | $25B | Growth Rate | |||||||||
| (+) Cash & Cash Equivalents | $4B | $192 | 1.5% | 2.0% | 2.5% | 3.0% | 3.5% | ||||
| (-) Total Debt | $3B | WACC | 6.9% | 236 | 254 | 276 | 303 | 339 | |||
| Equity Value | $26B | 7.9% | 200 | 212 | 226 | 243 | 264 | ||||
| Shares Outstanding | 136,996,262 | 8.9% | 174 | 182 | 192 | 204 | 217 | ||||
| 9.9% | 154 | 160 | 167 | 175 | 185 | ||||||
| DCF Intrinsic Value | $192 | 10.9% | 138 | 143 | 148 | 154 | 161 | ||||
| Analyzed by QuantJuice (2025) | |||||||||||