| Intrinsic Valuation of: GILD | |||||||||||
| Free Cash Flow Average and Growth over past 5Y | Key Statistics | ||||||||||
| Year | FCF | FCF (FCF/Revenue) | |||||||||
| 2020 | - | - | EPS (FY) | 7 | Market Cap | $161B | |||||
| 2021 | - | - (-) | P/E Ratio | 18 | Total Asset | $59B | |||||
| 2022 | $8B | - (-) | Net Income | $9B | Total Debt | $22B | |||||
| 2023 | $7B | -11.1% (-10.5%) | EBITDA | $14B | Total Liab | $36B | |||||
| 2024 | $10B | 38.9% (31.0%) | Opr Margin | 39.74 | Debt/Equity | 0.98 | |||||
| 2025 | $9B | -8.2% (-10.4%) | PreTax Margin | 36.26 | BV/Share | -2 | |||||
| 5Y Average FCF | $9B | 4.2% (3.4%) | |||||||||
| 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 (4.2%) | ||||||||||
| 2026 | $10B | MBG Intrinsic Value | $66 | ||||||||
| 2027 | $10B | ||||||||||
| 2028 | $10B | ||||||||||
| 2029 | $11B | ||||||||||
| 2030 | $11B | ||||||||||
| 2031 | $11B | ||||||||||
| Terminal Value | $256B | Net Worth/Share | $18 | ||||||||
| DCF Valuation | DCF Valuation "What If" Scenario Table | ||||||||||
| Enterprise Value | $221B | Growth Rate | |||||||||
| (+) Cash & Cash Equivalents | $8B | $166 | 1.5% | 2.0% | 2.5% | 3.0% | 3.5% | ||||
| (-) Total Debt | $22B | WACC | 6.5% | 155 | 170 | 188 | 212 | 243 | |||
| Equity Value | $206B | 7.1% | 137 | 148 | 161 | 178 | 199 | ||||
| Shares Outstanding | 1,241,569,874 | 7.8% | 122 | 130 | 141 | 153 | 168 | ||||
| 8.4% | 109 | 116 | 124 | 134 | 145 | ||||||
| DCF Intrinsic Value | $166 | 9.0% | 99 | 105 | 111 | 119 | 128 | ||||
| Analyzed by QuantJuice (2025) | |||||||||||