| Intrinsic Valuation of: MPWR | |||||||||||
| Free Cash Flow Average and Growth over past 5Y | Key Statistics | ||||||||||
| Year | FCF | FCF (FCF/Revenue) | |||||||||
| 2020 | - | - | EPS (FY) | 14 | Market Cap | $76B | |||||
| 2021 | - | - (-) | P/E Ratio | 111 | Total Asset | $4B | |||||
| 2022 | $188M | - (-) | Net Income | $621M | Total Debt | $0 | |||||
| 2023 | $581M | 209.1% (204.6%) | EBITDA | $781M | Total Liab | $663M | |||||
| 2024 | $624M | 7.5% (-11.3%) | Opr Margin | 26.11 | Debt/Equity | - | |||||
| 2025 | $663M | 6.3% (-15.9%) | PreTax Margin | 26.11 | BV/Share | 71 | |||||
| 5Y Average FCF | $514M | 15.0% (59.1%) | |||||||||
| 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): | 13.06% | 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 | $711M | MBG Intrinsic Value | $126 | ||||||||
| 2027 | $800M | ||||||||||
| 2028 | $880M | ||||||||||
| 2029 | $946M | ||||||||||
| 2030 | $993M | ||||||||||
| 2031 | $1B | ||||||||||
| Terminal Value | $10B | Net Worth/Share | $72 | ||||||||
| DCF Valuation | DCF Valuation "What If" Scenario Table | ||||||||||
| Enterprise Value | $8B | Growth Rate | |||||||||
| (+) Cash & Cash Equivalents | $1B | $189 | 1.5% | 2.0% | 2.5% | 3.0% | 3.5% | ||||
| (-) Total Debt | $0 | WACC | 11.1% | 214 | 221 | 229 | 238 | 248 | |||
| Equity Value | $9B | 11.8% | 200 | 206 | 212 | 220 | 228 | ||||
| Shares Outstanding | 49,130,000 | 12.5% | 188 | 193 | 198 | 204 | 211 | ||||
| 13.3% | 177 | 181 | 186 | 191 | 196 | ||||||
| DCF Intrinsic Value | $189 | 14.0% | 168 | 171 | 175 | 179 | 184 | ||||
| Analyzed by QuantJuice (2025) | |||||||||||