| Intrinsic Valuation of: INSM | |||||||||||
| Free Cash Flow Average and Growth over past 5Y | Key Statistics | ||||||||||
| Year | FCF | FCF (FCF/Revenue) | |||||||||
| 2020 | - | - | EPS (FY) | -6 | Market Cap | $24B | |||||
| 2021 | - | - (-) | P/E Ratio | - | Total Asset | $2B | |||||
| 2022 | $-410M | - (-) | Net Income | $-1B | Total Debt | $541M | |||||
| 2023 | $-550M | -33.9% (-7.7%) | EBITDA | $-1B | Total Liab | $2B | |||||
| 2024 | $-706M | -28.4% (-7.8%) | Opr Margin | -164.04 | Debt/Equity | 0.73 | |||||
| 2025 | $-968M | -37.1% (17.8%) | PreTax Margin | -176.83 | BV/Share | 2 | |||||
| 5Y Average FCF | $-658M | 2.5% (0.8%) | |||||||||
| 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): | 8.48% | Current US Bond Yield: | 3.48% | ||||||||
| Forcasting Future Free Cash Flow for next 6Y | Modified Benjamin Graham's Intrinsic Value | ||||||||||
| Year | FCF Projection (2.5%) | ||||||||||
| 2026 | $0 | MBG Intrinsic Value | $-52 | ||||||||
| 2027 | $0 | ||||||||||
| 2028 | $0 | ||||||||||
| 2029 | $0 | ||||||||||
| 2030 | $0 | ||||||||||
| 2031 | $0 | ||||||||||
| Terminal Value | $0 | Net Worth/Share | $3 | ||||||||
| DCF Valuation | DCF Valuation "What If" Scenario Table | ||||||||||
| Enterprise Value | $0 | Growth Rate | |||||||||
| (+) Cash & Cash Equivalents | $510M | $-0 | 1.5% | 2.0% | 2.5% | 3.0% | 3.5% | ||||
| (-) Total Debt | $541M | WACC | 6.5% | -0 | -0 | -0 | -0 | -0 | |||
| Equity Value | $-31M | 7.5% | -0 | -0 | -0 | -0 | -0 | ||||
| Shares Outstanding | 216,752,451 | 8.5% | -0 | -0 | -0 | -0 | -0 | ||||
| 9.5% | -0 | -0 | -0 | -0 | -0 | ||||||
| DCF Intrinsic Value | $-0 | 10.5% | -0 | -0 | -0 | -0 | -0 | ||||
| Analyzed by QuantJuice (2025) | |||||||||||