Intrinsic Valuation of: NVDA
Free Cash Flow Average and Growth over past 5Y Key Statistics
Year FCF FCF (FCF/Revenue)
2021 - - EPS (FY) 5 Market Cap $5,457B
2022 - - (-) P/E Ratio 46 Total Asset $207B
2023 $4B - (-) Net Income $120B Total Debt $7B
2024 $27B 609.6% (214.2%) EBITDA $145B Total Liab $50B
2025 $61B 125.2% (5.1%) Opr Margin 60.38 Debt/Equity 0.05
2026 $97B 58.9% (-4.0%) PreTax Margin 60.26 BV/Share 5
5Y Average FCF $47B 15.0% (71.8%)
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): 14.00% 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%)
2027 $94B MBG Intrinsic Value $44
2028 $106B
2029 $116B
2030 $125B
2031 $131B
2032 $135B
Terminal Value $1,197B Net Worth/Share $6
DCF Valuation DCF Valuation "What If" Scenario Table
Enterprise Value $992B Growth Rate
(+) Cash & Cash Equivalents $11B $41 1.5% 2.0% 2.5% 3.0% 3.5%
(-) Total Debt $7B WACC 12.0% 47 48 50 52 54
Equity Value $995B 12.5% 45 46 47 49 51
Shares Outstanding 24,220,525,225 13.0% 43 44 45 47 48
13.5% 41 42 43 44 46
DCF Intrinsic Value $41 14.0% 39 40 41 42 43
Analyzed by QuantJuice (2025)