| Intrinsic Valuation of: GLPI | |||||||||||
| Free Cash Flow Average and Growth over past 5Y | Key Statistics | ||||||||||
| Year | FCF | FCF (FCF/Revenue) | |||||||||
| 2020 | - | - | EPS (FY) | 3 | Market Cap | $13B | |||||
| 2021 | - | - (-) | P/E Ratio | 15 | Total Asset | $13B | |||||
| 2022 | $896M | - (-) | Net Income | $825M | Total Debt | $7B | |||||
| 2023 | $962M | 7.3% (-2.2%) | EBITDA | $2B | Total Liab | $8B | |||||
| 2024 | $1B | 7.4% (1.0%) | Opr Margin | 75.73 | Debt/Equity | 1.44 | |||||
| 2025 | $825M | -20.1% (-23.3%) | PreTax Margin | 52.28 | BV/Share | 13 | |||||
| 5Y Average FCF | $929M | 3.5% (-8.2%) | |||||||||
| 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 | $886M | MBG Intrinsic Value | $28 | ||||||||
| 2027 | $915M | ||||||||||
| 2028 | $943M | ||||||||||
| 2029 | $970M | ||||||||||
| 2030 | $996M | ||||||||||
| 2031 | $1B | ||||||||||
| Terminal Value | $23B | Net Worth/Share | $18 | ||||||||
| DCF Valuation | DCF Valuation "What If" Scenario Table | ||||||||||
| Enterprise Value | $20B | Growth Rate | |||||||||
| (+) Cash & Cash Equivalents | $224M | $46 | 1.5% | 2.0% | 2.5% | 3.0% | 3.5% | ||||
| (-) Total Debt | $7B | WACC | 6.5% | 42 | 47 | 55 | 64 | 76 | |||
| Equity Value | $13B | 7.1% | 34 | 39 | 44 | 51 | 59 | ||||
| Shares Outstanding | 283,221,841 | 7.8% | 28 | 32 | 36 | 41 | 47 | ||||
| 8.4% | 23 | 26 | 29 | 33 | 38 | ||||||
| DCF Intrinsic Value | $46 | 9.0% | 19 | 22 | 24 | 27 | 31 | ||||
| Analyzed by QuantJuice (2025) | |||||||||||