| Intrinsic Valuation of: ISRG | |||||||||||
| Free Cash Flow Average and Growth over past 5Y | Key Statistics | ||||||||||
| Year | FCF | FCF (FCF/Revenue) | |||||||||
| 2020 | - | - | EPS (FY) | 7 | Market Cap | $193B | |||||
| 2021 | - | - (-) | P/E Ratio | 79 | Total Asset | $19B | |||||
| 2022 | $2B | - (-) | Net Income | $2B | Total Debt | $0 | |||||
| 2023 | $958M | -45.2% (-49.7%) | EBITDA | $3B | Total Liab | $2B | |||||
| 2024 | $750M | -21.8% (-31.7%) | Opr Margin | 0.28 | Debt/Equity | - | |||||
| 2025 | $1B | 73.9% (48.4%) | PreTax Margin | 28.12 | BV/Share | 45 | |||||
| 5Y Average FCF | $1B | 2.3% (-11.0%) | |||||||||
| Overall Market Assumptions: | |||||||||||
| Assumptions: | P/E for No-Growth Company: | 7.0 | |||||||||
| Perpetual Growth Rate (g): | 2.5% | Historical US Bond Yield: | 4.4% | ||||||||
| Discount Rate (WACC): | 7.4% | Current US Bond Yield: | 3.5% | ||||||||
| Forcasting Future Free Cash Flow for next 6Y | Modified Benjamin Graham's Intrinsic Value | ||||||||||
| Year | FCF Projection (4.0%) | ||||||||||
| 2026 | $1B | MBG Intrinsic Value | $61 | ||||||||
| 2027 | $1B | ||||||||||
| 2028 | $1B | ||||||||||
| 2029 | $2B | ||||||||||
| 2030 | $2B | ||||||||||
| 2031 | $2B | ||||||||||
| Terminal Value | $34B | Net Worth/Share | $46 | ||||||||
| DCF Valuation | DCF Valuation "What If" Scenario Table | ||||||||||
| Enterprise Value | $29B | Growth Rate | |||||||||
| (+) Cash & Cash Equivalents | $2B | $87 | 1.5% | 2.0% | 2.5% | 3.0% | 3.5% | ||||
| (-) Total Debt | $0 | WACC | 7.3% | 78 | 83 | 89 | 97 | 107 | |||
| Equity Value | $31B | 7.4% | 77 | 82 | 88 | 96 | 105 | ||||
| Shares Outstanding | 358,417,984 | 7.4% | 76 | 81 | 87 | 95 | 104 | ||||
| 7.9% | 71 | 75 | 80 | 86 | 93 | ||||||
| DCF Intrinsic Value | $87 | 8.4% | 66 | 69 | 74 | 78 | 84 | ||||
| Analyzed by QuantJuice (2025) | |||||||||||