| Intrinsic Valuation of: GOOGL | |||||||||||
| Free Cash Flow Average and Growth over past 5Y | Key Statistics | ||||||||||
| Year | FCF | FCF (FCF/Revenue) | |||||||||
| 2020 | - | - | EPS (FY) | 13 | Market Cap | $4,807B | |||||
| 2021 | - | - (-) | P/E Ratio | 30 | Total Asset | $595B | |||||
| 2022 | $60B | - (-) | Net Income | $132B | Total Debt | $47B | |||||
| 2023 | $69B | 15.8% (6.6%) | EBITDA | $181B | Total Liab | - | |||||
| 2024 | $73B | 4.7% (-8.0%) | Opr Margin | 32.03 | Debt/Equity | 0.11 | |||||
| 2025 | $73B | 0.7% (-12.5%) | PreTax Margin | 31.85 | BV/Share | 66 | |||||
| 5Y Average FCF | $69B | 10.4% (-4.6%) | |||||||||
| 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): | 10.38% | Current US Bond Yield: | 3.48% | ||||||||
| Forcasting Future Free Cash Flow for next 6Y | Modified Benjamin Graham's Intrinsic Value | ||||||||||
| Year | FCF Projection (10.4%) | ||||||||||
| 2026 | $79B | MBG Intrinsic Value | $118 | ||||||||
| 2027 | $86B | ||||||||||
| 2028 | $93B | ||||||||||
| 2029 | $98B | ||||||||||
| 2030 | $102B | ||||||||||
| 2031 | $104B | ||||||||||
| Terminal Value | $1,353B | Net Worth/Share | $71 | ||||||||
| DCF Valuation | DCF Valuation "What If" Scenario Table | ||||||||||
| Enterprise Value | $1,146B | Growth Rate | |||||||||
| (+) Cash & Cash Equivalents | $31B | $194 | 1.5% | 2.0% | 2.5% | 3.0% | 3.5% | ||||
| (-) Total Debt | $47B | WACC | 8.4% | 232 | 246 | 262 | 281 | 303 | |||
| Equity Value | $1,130B | 9.4% | 202 | 212 | 223 | 236 | 251 | ||||
| Shares Outstanding | 5,823,665,113 | 10.4% | 178 | 186 | 194 | 203 | 214 | ||||
| 11.4% | 160 | 165 | 171 | 178 | 186 | ||||||
| DCF Intrinsic Value | $194 | 12.4% | 144 | 149 | 154 | 159 | 165 | ||||
| Analyzed by QuantJuice (2025) | |||||||||||