| Intrinsic Valuation of: FWONK | |||||||||||
| Free Cash Flow Average and Growth over past 5Y | Key Statistics | ||||||||||
| Year | FCF | FCF (FCF/Revenue) | |||||||||
| 2020 | - | - | EPS (FY) | 2 | Market Cap | $22B | |||||
| 2021 | - | - (-) | P/E Ratio | 40 | Total Asset | $15B | |||||
| 2022 | $243M | - (-) | Net Income | $555M | Total Debt | $5B | |||||
| 2023 | $2B | 724.3% (493.7%) | EBITDA | $1B | Total Liab | $7B | |||||
| 2024 | $1B | -32.1% (-33.6%) | Opr Margin | 13.48 | Debt/Equity | 0.60 | |||||
| 2025 | $751M | -44.8% (-55.0%) | PreTax Margin | 7.92 | BV/Share | -19 | |||||
| 5Y Average FCF | $1B | 15.0% (135.0%) | |||||||||
| 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 | $980M | MBG Intrinsic Value | $20 | ||||||||
| 2027 | $1B | ||||||||||
| 2028 | $1B | ||||||||||
| 2029 | $1B | ||||||||||
| 2030 | $1B | ||||||||||
| 2031 | $1B | ||||||||||
| Terminal Value | $32B | Net Worth/Share | $38 | ||||||||
| DCF Valuation | DCF Valuation "What If" Scenario Table | ||||||||||
| Enterprise Value | $27B | Growth Rate | |||||||||
| (+) Cash & Cash Equivalents | $1B | $102 | 1.5% | 2.0% | 2.5% | 3.0% | 3.5% | ||||
| (-) Total Debt | $5B | WACC | 6.5% | 95 | 105 | 118 | 134 | 155 | |||
| Equity Value | $23B | 7.1% | 82 | 90 | 99 | 111 | 126 | ||||
| Shares Outstanding | 224,233,462 | 7.8% | 72 | 78 | 85 | 94 | 104 | ||||
| 8.4% | 64 | 68 | 74 | 80 | 88 | ||||||
| DCF Intrinsic Value | $102 | 9.0% | 57 | 61 | 65 | 70 | 76 | ||||
| Analyzed by QuantJuice (2025) | |||||||||||