| Intrinsic Valuation of: GFS | |||||||||||
| Free Cash Flow Average and Growth over past 5Y | Key Statistics | ||||||||||
| Year | FCF | FCF (FCF/Revenue) | |||||||||
| 2020 | - | - | EPS (FY) | 1 | Market Cap | $39B | |||||
| 2021 | - | - (-) | P/E Ratio | 51 | Total Asset | $17B | |||||
| 2022 | $-435M | - (-) | Net Income | $885M | Total Debt | $1B | |||||
| 2023 | $321M | 173.8% (180.9%) | EBITDA | $2B | Total Liab | $5B | |||||
| 2024 | $1B | 241.7% (274.2%) | Opr Margin | 11.74 | Debt/Equity | 0.09 | |||||
| 2025 | $1B | -8.0% (-8.6%) | PreTax Margin | 11.00 | BV/Share | 19 | |||||
| 5Y Average FCF | $498M | 15.0% (148.8%) | |||||||||
| 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): | 12.68% | 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 | $1B | MBG Intrinsic Value | $13 | ||||||||
| 2027 | $1B | ||||||||||
| 2028 | $1B | ||||||||||
| 2029 | $1B | ||||||||||
| 2030 | $2B | ||||||||||
| 2031 | $2B | ||||||||||
| Terminal Value | $16B | Net Worth/Share | $22 | ||||||||
| DCF Valuation | DCF Valuation "What If" Scenario Table | ||||||||||
| Enterprise Value | $13B | Growth Rate | |||||||||
| (+) Cash & Cash Equivalents | $2B | $25 | 1.5% | 2.0% | 2.5% | 3.0% | 3.5% | ||||
| (-) Total Debt | $1B | WACC | 10.7% | 29 | 30 | 31 | 33 | 34 | |||
| Equity Value | $14B | 11.5% | 27 | 27 | 28 | 29 | 31 | ||||
| Shares Outstanding | 548,416,440 | 12.3% | 25 | 25 | 26 | 27 | 28 | ||||
| 13.2% | 23 | 23 | 24 | 25 | 26 | ||||||
| DCF Intrinsic Value | $25 | 14.0% | 21 | 22 | 22 | 23 | 24 | ||||
| Analyzed by QuantJuice (2025) | |||||||||||