Intrinsic Valuation of: EXEEZ
	Free Cash Flow Average and Growth over past 5Y					Key Statistics
	Year		FCF	FCF (FCF/Revenue)
	2020		-	-		EPS (FY)	-		Market Cap	-
	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	-
	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			-
	2027		$12M
	2028		$16M
	2029		$20M
	2030		$24M
	2031		$31M
	Terminal Value		$634M			Net Worth/Share			-
	DCF Valuation			DCF Valuation "What If" Scenario Table
	Enterprise Value	$497M				Growth Rate
	(+) Cash & Cash Equivalents	$317M			$-4B	1.5%	2.0%	2.5%	3.0%	3.5%
	(-) Total Debt	$5B		WACC	7.3%	-4,541,820,131	-4,507,343,989	-4,465,729,929	-4,414,505,233	-4,349,905,942
	Equity Value	$-4B			7.4%	-4,545,892,191	-4,512,105,670	-4,471,395,682	-4,421,391,177	-4,358,498,912
	Shares Outstanding	-			7.4%	-4,549,894,687	-4,516,778,703	-4,476,945,480	-4,428,120,560	-4,366,871,995
					7.9%	-4,586,451,158	-4,559,127,206	-4,526,771,218	-4,487,852,150	-4,440,147,739
	DCF Intrinsic Value	$-4B			8.4%	-4,617,658,287	-4,594,811,319	-4,568,111,574	-4,536,494,748	-4,498,464,774
Analyzed by QuantJuice (2025)