| Intrinsic Valuation of: NTRA | |||||||||||
| Free Cash Flow Average and Growth over past 5Y | Key Statistics | ||||||||||
| Year | FCF | FCF (FCF/Revenue) | |||||||||
| 2020 | - | - | EPS (FY) | -1 | Market Cap | $22B | |||||
| 2021 | - | - (-) | P/E Ratio | - | Total Asset | $2B | |||||
| 2022 | $-376M | - (-) | Net Income | $-190M | Total Debt | $0 | |||||
| 2023 | $-479M | -27.4% (2.9%) | EBITDA | $-148M | Total Liab | $465M | |||||
| 2024 | $-286M | 40.3% (54.8%) | Opr Margin | -0.13 | Debt/Equity | - | |||||
| 2025 | $59M | 120.5% (113.1%) | PreTax Margin | -13.73 | BV/Share | 9 | |||||
| 5Y Average FCF | $-271M | 44.5% (56.9%) | |||||||||
| 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 | $73M | MBG Intrinsic Value | $-13 | ||||||||
| 2027 | $92M | ||||||||||
| 2028 | $115M | ||||||||||
| 2029 | $143M | ||||||||||
| 2030 | $179M | ||||||||||
| 2031 | $224M | ||||||||||
| Terminal Value | $5B | Net Worth/Share | $9 | ||||||||
| DCF Valuation | DCF Valuation "What If" Scenario Table | ||||||||||
| Enterprise Value | $4B | Growth Rate | |||||||||
| (+) Cash & Cash Equivalents | $946M | $34 | 1.5% | 2.0% | 2.5% | 3.0% | 3.5% | ||||
| (-) Total Debt | $0 | WACC | 7.3% | 30 | 32 | 34 | 37 | 40 | |||
| Equity Value | $5B | 7.4% | 30 | 32 | 34 | 37 | 40 | ||||
| Shares Outstanding | 136,547,008 | 7.4% | 30 | 32 | 34 | 36 | 40 | ||||
| 7.9% | 28 | 29 | 31 | 33 | 36 | ||||||
| DCF Intrinsic Value | $34 | 8.4% | 26 | 27 | 29 | 30 | 32 | ||||
| Analyzed by QuantJuice (2025) | |||||||||||