| Intrinsic Valuation of: MPWR | |||||||||||
| Free Cash Flow Average and Growth over past 5Y | Key Statistics | ||||||||||
| Year | FCF | FCF (FCF/Revenue) | |||||||||
| 2020 | - | - | EPS (FY) | 38 | Market Cap | $36B | |||||
| 2021 | - | - (-) | P/E Ratio | 20 | Total Asset | $4B | |||||
| 2022 | $225M | - (-) | Net Income | $2B | Total Debt | $0 | |||||
| 2023 | $188M | -16.4% (-43.8%) | EBITDA | $576M | Total Liab | $471M | |||||
| 2024 | $581M | 209.1% (204.6%) | Opr Margin | 0.24 | Debt/Equity | - | |||||
| 2025 | $642M | 10.6% (-8.7%) | PreTax Margin | 24.44 | BV/Share | 65 | |||||
| 5Y Average FCF | $409M | 67.8% (50.7%) | |||||||||
| 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 (25.0%) | ||||||||||
| 2026 | $803M | MBG Intrinsic Value | $342 | ||||||||
| 2027 | $1B | ||||||||||
| 2028 | $1B | ||||||||||
| 2029 | $2B | ||||||||||
| 2030 | $2B | ||||||||||
| 2031 | $2B | ||||||||||
| Terminal Value | $51B | Net Worth/Share | $66 | ||||||||
| DCF Valuation | DCF Valuation "What If" Scenario Table | ||||||||||
| Enterprise Value | $40B | Growth Rate | |||||||||
| (+) Cash & Cash Equivalents | $692M | $848 | 1.5% | 2.0% | 2.5% | 3.0% | 3.5% | ||||
| (-) Total Debt | $0 | WACC | 7.3% | 739 | 797 | 867 | 953 | 1,061 | |||
| Equity Value | $41B | 7.4% | 732 | 789 | 857 | 941 | 1,047 | ||||
| Shares Outstanding | 47,880,000 | 7.4% | 726 | 781 | 848 | 930 | 1,032 | ||||
| 7.9% | 664 | 710 | 764 | 830 | 910 | ||||||
| DCF Intrinsic Value | $848 | 8.4% | 612 | 650 | 695 | 748 | 812 | ||||
| Analyzed by QuantJuice (2025) | |||||||||||