| Intrinsic Valuation of: EXE | |||||||||||
| Free Cash Flow Average and Growth over past 5Y | Key Statistics | ||||||||||
| Year | FCF | FCF (FCF/Revenue) | |||||||||
| 2020 | - | - | EPS (FY) | 13 | Market Cap | $23B | |||||
| 2021 | - | - (-) | P/E Ratio | 7 | Total Asset | $28B | |||||
| 2022 | $2B | - (-) | Net Income | $2B | Total Debt | $5B | |||||
| 2023 | $551M | -76.1% (-64.8%) | EBITDA | $5B | Total Liab | $10B | |||||
| 2024 | $8M | -98.5% (-97.3%) | Opr Margin | 22.73 | Debt/Equity | 0.27 | |||||
| 2025 | $2B | 20450.0% (7016.4%) | PreTax Margin | 20.81 | BV/Share | 78 | |||||
| 5Y Average FCF | $1B | 15.0% (2284.8%) | |||||||||
| 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): | 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 (15.0%) | ||||||||||
| 2026 | $2B | MBG Intrinsic Value | $120 | ||||||||
| 2027 | $2B | ||||||||||
| 2028 | $2B | ||||||||||
| 2029 | $2B | ||||||||||
| 2030 | $2B | ||||||||||
| 2031 | $2B | ||||||||||
| Terminal Value | $56B | Net Worth/Share | $78 | ||||||||
| DCF Valuation | DCF Valuation "What If" Scenario Table | ||||||||||
| Enterprise Value | $47B | Growth Rate | |||||||||
| (+) Cash & Cash Equivalents | $616M | $178 | 1.5% | 2.0% | 2.5% | 3.0% | 3.5% | ||||
| (-) Total Debt | $5B | WACC | 6.5% | 166 | 183 | 203 | 230 | 265 | |||
| Equity Value | $43B | 7.1% | 146 | 158 | 173 | 192 | 216 | ||||
| Shares Outstanding | 239,228,849 | 7.8% | 129 | 138 | 150 | 164 | 181 | ||||
| 8.4% | 115 | 123 | 132 | 142 | 155 | ||||||
| DCF Intrinsic Value | $178 | 9.0% | 104 | 110 | 117 | 126 | 136 | ||||
| Analyzed by QuantJuice (2025) | |||||||||||