| Intrinsic Valuation of: LBRDA | |||||||||||
| Free Cash Flow Average and Growth over past 5Y | Key Statistics | ||||||||||
| Year | FCF | FCF (FCF/Revenue) | |||||||||
| 2020 | - | - | EPS (FY) | 6 | Market Cap | $14B | |||||
| 2021 | - | - (-) | P/E Ratio | 16 | Total Asset | $17B | |||||
| 2022 | $-131M | - (-) | Net Income | $869M | Total Debt | $4B | |||||
| 2023 | $-237M | -80.9% (-83.3%) | EBITDA | $1B | Total Liab | $7B | |||||
| 2024 | $-206M | 13.1% (13.6%) | Opr Margin | 0.09 | Debt/Equity | 0.38 | |||||
| 2025 | $-143M | 30.6% (33.0%) | PreTax Margin | -10.04 | BV/Share | 440 | |||||
| 5Y Average FCF | $-179M | -12.4% (-12.2%) | |||||||||
| 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 | $-186M | MBG Intrinsic Value | $57 | ||||||||
| 2027 | $-194M | ||||||||||
| 2028 | $-202M | ||||||||||
| 2029 | $-210M | ||||||||||
| 2030 | $-218M | ||||||||||
| 2031 | $-227M | ||||||||||
| Terminal Value | $-5B | Net Worth/Share | $537 | ||||||||
| DCF Valuation | DCF Valuation "What If" Scenario Table | ||||||||||
| Enterprise Value | $-4B | Growth Rate | |||||||||
| (+) Cash & Cash Equivalents | $163M | $-417 | 1.5% | 2.0% | 2.5% | 3.0% | 3.5% | ||||
| (-) Total Debt | $4B | WACC | 7.3% | -391 | -405 | -422 | -443 | -469 | |||
| Equity Value | $-8B | 7.4% | -389 | -403 | -420 | -440 | -466 | ||||
| Shares Outstanding | 18,254,700 | 7.4% | -388 | -401 | -417 | -437 | -462 | ||||
| 7.9% | -373 | -384 | -397 | -413 | -432 | ||||||
| DCF Intrinsic Value | $-417 | 8.4% | -360 | -369 | -380 | -393 | -408 | ||||
| Analyzed by QuantJuice (2025) | |||||||||||