| Intrinsic Valuation of: GFS | |||||||||||
| Free Cash Flow Average and Growth over past 5Y | Key Statistics | ||||||||||
| Year | FCF | FCF (FCF/Revenue) | |||||||||
| 2020 | - | - | EPS (FY) | -0 | Market Cap | $22B | |||||
| 2021 | - | - (-) | P/E Ratio | - | Total Asset | $17B | |||||
| 2022 | $1B | - (-) | Net Income | $-265M | Total Debt | $1B | |||||
| 2023 | $-435M | -140.6% (-133.0%) | EBITDA | $2B | Total Liab | $6B | |||||
| 2024 | $321M | 173.8% (180.9%) | Opr Margin | 0.11 | Debt/Equity | 0.10 | |||||
| 2025 | $1B | 241.7% (274.2%) | PreTax Margin | 9.21 | BV/Share | 18 | |||||
| 5Y Average FCF | $514M | 91.7% (107.4%) | |||||||||
| 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 | $1B | MBG Intrinsic Value | $-3 | ||||||||
| 2027 | $2B | ||||||||||
| 2028 | $2B | ||||||||||
| 2029 | $3B | ||||||||||
| 2030 | $3B | ||||||||||
| 2031 | $4B | ||||||||||
| Terminal Value | $87B | Net Worth/Share | $20 | ||||||||
| DCF Valuation | DCF Valuation "What If" Scenario Table | ||||||||||
| Enterprise Value | $68B | Growth Rate | |||||||||
| (+) Cash & Cash Equivalents | $2B | $125 | 1.5% | 2.0% | 2.5% | 3.0% | 3.5% | ||||
| (-) Total Debt | $1B | WACC | 7.3% | 109 | 117 | 128 | 140 | 156 | |||
| Equity Value | $69B | 7.4% | 108 | 116 | 126 | 139 | 154 | ||||
| Shares Outstanding | 554,913,984 | 7.4% | 107 | 115 | 125 | 137 | 152 | ||||
| 7.9% | 98 | 105 | 113 | 122 | 134 | ||||||
| DCF Intrinsic Value | $125 | 8.4% | 90 | 96 | 102 | 110 | 120 | ||||
| Analyzed by QuantJuice (2025) | |||||||||||