| Intrinsic Valuation of: LI | |||||||||||
| Free Cash Flow Average and Growth over past 5Y | Key Statistics | ||||||||||
| Year | FCF | FCF (FCF/Revenue) | |||||||||
| 2020 | - | - | EPS (FY) | 0 | Market Cap | $19B | |||||
| 2021 | - | - (-) | P/E Ratio | 116 | Total Asset | $154B | |||||
| 2022 | $2B | - (-) | Net Income | $1B | Total Debt | $3B | |||||
| 2023 | $44B | 1861.8% (617.3%) | EBITDA | $6B | Total Liab | $81B | |||||
| 2024 | $8B | -81.4% (-84.1%) | Opr Margin | -0.46 | Debt/Equity | 0.05 | |||||
| 2025 | $-13B | -256.2% (-301.0%) | PreTax Margin | -0.61 | BV/Share | 83 | |||||
| 5Y Average FCF | $10B | 15.0% (77.4%) | |||||||||
| 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 (15.0%) | ||||||||||
| 2026 | $21B | MBG Intrinsic Value | $1 | ||||||||
| 2027 | $24B | ||||||||||
| 2028 | $26B | ||||||||||
| 2029 | $28B | ||||||||||
| 2030 | $29B | ||||||||||
| 2031 | $30B | ||||||||||
| Terminal Value | $680B | Net Worth/Share | $87 | ||||||||
| DCF Valuation | DCF Valuation "What If" Scenario Table | ||||||||||
| Enterprise Value | $576B | Growth Rate | |||||||||
| (+) Cash & Cash Equivalents | $57B | $747 | 1.5% | 2.0% | 2.5% | 3.0% | 3.5% | ||||
| (-) Total Debt | $3B | WACC | 6.5% | 705 | 762 | 833 | 925 | 1,047 | |||
| Equity Value | $630B | 7.1% | 632 | 676 | 729 | 794 | 878 | ||||
| Shares Outstanding | 843,113,992 | 7.8% | 574 | 608 | 648 | 697 | 757 | ||||
| 8.4% | 526 | 553 | 584 | 622 | 667 | ||||||
| DCF Intrinsic Value | $747 | 9.0% | 487 | 508 | 534 | 563 | 598 | ||||
| Analyzed by QuantJuice (2025) | |||||||||||