| Intrinsic Valuation of: EWBC | |||||||||||
| Free Cash Flow Average and Growth over past 5Y | Key Statistics | ||||||||||
| Year | FCF | FCF (FCF/Revenue) | |||||||||
| 2020 | - | - | EPS (FY) | 8 | Market Cap | $14B | |||||
| 2021 | - | - (-) | P/E Ratio | 13 | Total Asset | $76B | |||||
| 2022 | $1B | - (-) | Net Income | $1B | Total Debt | $4B | |||||
| 2023 | $2B | 76.8% (37.3%) | EBITDA | - | Total Liab | $68B | |||||
| 2024 | $1B | -31.0% (-37.6%) | Opr Margin | - | Debt/Equity | 0.46 | |||||
| 2025 | $1B | -0.9% (-1.0%) | PreTax Margin | - | BV/Share | 53 | |||||
| 5Y Average FCF | $2B | 15.0% (-0.4%) | |||||||||
| 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 (15.0%) | ||||||||||
| 2026 | $2B | MBG Intrinsic Value | $75 | ||||||||
| 2027 | $2B | ||||||||||
| 2028 | $2B | ||||||||||
| 2029 | $2B | ||||||||||
| 2030 | $3B | ||||||||||
| 2031 | $3B | ||||||||||
| Terminal Value | $68B | Net Worth/Share | $56 | ||||||||
| DCF Valuation | DCF Valuation "What If" Scenario Table | ||||||||||
| Enterprise Value | $55B | Growth Rate | |||||||||
| (+) Cash & Cash Equivalents | $5B | $411 | 1.5% | 2.0% | 2.5% | 3.0% | 3.5% | ||||
| (-) Total Debt | $4B | WACC | 7.3% | 361 | 387 | 420 | 459 | 509 | |||
| Equity Value | $57B | 7.4% | 357 | 384 | 415 | 454 | 503 | ||||
| Shares Outstanding | 137,824,992 | 7.4% | 354 | 380 | 411 | 449 | 496 | ||||
| 7.9% | 326 | 347 | 372 | 402 | 439 | ||||||
| DCF Intrinsic Value | $411 | 8.4% | 302 | 319 | 340 | 364 | 394 | ||||
| Analyzed by QuantJuice (2025) | |||||||||||