| Intrinsic Valuation of: MSTR | |||||||||||
| Free Cash Flow Average and Growth over past 5Y | Key Statistics | ||||||||||
| Year | FCF | FCF (FCF/Revenue) | |||||||||
| 2020 | - | - | EPS (FY) | -37 | Market Cap | $62B | |||||
| 2021 | - | - (-) | P/E Ratio | - | Total Asset | $62B | |||||
| 2022 | $-287M | - (-) | Net Income | $-4B | Total Debt | $8B | |||||
| 2023 | $-2B | -559.0% (-563.0%) | EBITDA | $-5B | Total Liab | $11B | |||||
| 2024 | $-22B | -1069.8% (-1152.6%) | Opr Margin | -8.57 | Debt/Equity | 0.16 | |||||
| 2025 | $-23B | -2.0% (1.0%) | PreTax Margin | -22.19 | BV/Share | -44 | |||||
| 5Y Average FCF | $-12B | -2.0% (-571.5%) | |||||||||
| Overall Market Assumptions: | |||||||||||
| Assumptions: | P/E for No-Growth Company: | 7.0 | |||||||||
| Perpetual Growth Rate (g): | 1.00% | Historical US Bond Yield: | 4.40% | ||||||||
| Discount Rate (WACC): | 13.15% | Current US Bond Yield: | 3.48% | ||||||||
| Forcasting Future Free Cash Flow for next 6Y | Modified Benjamin Graham's Intrinsic Value | ||||||||||
| Year | FCF Projection (-2.0%) | ||||||||||
| 2026 | $0 | MBG Intrinsic Value | $-334 | ||||||||
| 2027 | $0 | ||||||||||
| 2028 | $0 | ||||||||||
| 2029 | $0 | ||||||||||
| 2030 | $0 | ||||||||||
| 2031 | $0 | ||||||||||
| Terminal Value | $0 | Net Worth/Share | $154 | ||||||||
| DCF Valuation | DCF Valuation "What If" Scenario Table | ||||||||||
| Enterprise Value | $0 | Growth Rate | |||||||||
| (+) Cash & Cash Equivalents | $2B | $-18 | 1.0% | 1.2% | 1.5% | 1.8% | 2.0% | ||||
| (-) Total Debt | $8B | WACC | 11.2% | -18 | -18 | -18 | -18 | -18 | |||
| Equity Value | $-6B | 11.9% | -18 | -18 | -18 | -18 | -18 | ||||
| Shares Outstanding | 331,038,946 | 12.6% | -18 | -18 | -18 | -18 | -18 | ||||
| 13.3% | -18 | -18 | -18 | -18 | -18 | ||||||
| DCF Intrinsic Value | $-18 | 14.0% | -18 | -18 | -18 | -18 | -18 | ||||
| Analyzed by QuantJuice (2025) | |||||||||||