| Intrinsic Valuation of: FANG | |||||||||||
| Free Cash Flow Average and Growth over past 5Y | Key Statistics | ||||||||||
| Year | FCF | FCF (FCF/Revenue) | |||||||||
| 2020 | - | - | EPS (FY) | 1 | Market Cap | $57B | |||||
| 2021 | - | - (-) | P/E Ratio | 208 | Total Asset | $71B | |||||
| 2022 | $3B | - (-) | Net Income | $2B | Total Debt | $14B | |||||
| 2023 | $1B | -55.5% (-49.0%) | EBITDA | $7B | Total Liab | $28B | |||||
| 2024 | $-5B | -545.6% (-437.1%) | Opr Margin | 32.94 | Debt/Equity | 0.32 | |||||
| 2025 | $-703M | 86.9% (90.3%) | PreTax Margin | 31.17 | BV/Share | 131 | |||||
| 5Y Average FCF | $-540M | 3.5% (-131.9%) | |||||||||
| 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 (3.5%) | ||||||||||
| 2026 | $2B | MBG Intrinsic Value | $9 | ||||||||
| 2027 | $2B | ||||||||||
| 2028 | $2B | ||||||||||
| 2029 | $2B | ||||||||||
| 2030 | $2B | ||||||||||
| 2031 | $2B | ||||||||||
| Terminal Value | $53B | Net Worth/Share | $153 | ||||||||
| DCF Valuation | DCF Valuation "What If" Scenario Table | ||||||||||
| Enterprise Value | $46B | Growth Rate | |||||||||
| (+) Cash & Cash Equivalents | $104M | $114 | 1.5% | 2.0% | 2.5% | 3.0% | 3.5% | ||||
| (-) Total Debt | $14B | WACC | 6.5% | 104 | 117 | 134 | 156 | 184 | |||
| Equity Value | $32B | 7.1% | 87 | 97 | 110 | 125 | 145 | ||||
| Shares Outstanding | 281,313,297 | 7.8% | 73 | 81 | 91 | 102 | 116 | ||||
| 8.4% | 62 | 69 | 76 | 85 | 95 | ||||||
| DCF Intrinsic Value | $114 | 9.0% | 53 | 58 | 64 | 71 | 79 | ||||
| Analyzed by QuantJuice (2025) | |||||||||||