| Intrinsic Valuation of: EXE | |||||||||||
| Free Cash Flow Average and Growth over past 5Y | Key Statistics | ||||||||||
| Year | FCF | FCF (FCF/Revenue) | |||||||||
| 2020 | - | - | EPS (FY) | -6 | Market Cap | $26B | |||||
| 2021 | - | - (-) | P/E Ratio | - | Total Asset | $28B | |||||
| 2022 | $22M | - (-) | Net Income | $-714M | Total Debt | $5B | |||||
| 2023 | $2B | 10363.6% (4664.1%) | EBITDA | $1B | Total Liab | $10B | |||||
| 2024 | $551M | -76.1% (-64.8%) | Opr Margin | -0.17 | Debt/Equity | 0.30 | |||||
| 2025 | $8M | -98.5% (-97.3%) | PreTax Margin | -19.59 | BV/Share | 74 | |||||
| 5Y Average FCF | $721M | 3396.3% (1500.7%) | |||||||||
| 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 | $10M | MBG Intrinsic Value | $-52 | ||||||||
| 2027 | $12M | ||||||||||
| 2028 | $16M | ||||||||||
| 2029 | $20M | ||||||||||
| 2030 | $24M | ||||||||||
| 2031 | $31M | ||||||||||
| Terminal Value | $634M | Net Worth/Share | $74 | ||||||||
| DCF Valuation | DCF Valuation "What If" Scenario Table | ||||||||||
| Enterprise Value | $497M | Growth Rate | |||||||||
| (+) Cash & Cash Equivalents | $317M | $-19 | 1.5% | 2.0% | 2.5% | 3.0% | 3.5% | ||||
| (-) Total Debt | $5B | WACC | 7.3% | -19 | -19 | -19 | -19 | -18 | |||
| Equity Value | $-4B | 7.4% | -19 | -19 | -19 | -19 | -18 | ||||
| Shares Outstanding | 237,979,008 | 7.4% | -19 | -19 | -19 | -19 | -18 | ||||
| 7.9% | -19 | -19 | -19 | -19 | -19 | ||||||
| DCF Intrinsic Value | $-19 | 8.4% | -19 | -19 | -19 | -19 | -19 | ||||
| Analyzed by QuantJuice (2025) | |||||||||||