| Intrinsic Valuation of: NWSA | |||||||||||
| Free Cash Flow Average and Growth over past 5Y | Key Statistics | ||||||||||
| Year | FCF | FCF (FCF/Revenue) | |||||||||
| 2020 | - | - | EPS (FY) | 1 | Market Cap | $17B | |||||
| 2021 | - | - (-) | P/E Ratio | 35 | Total Asset | $16B | |||||
| 2022 | $855M | - (-) | Net Income | $1B | Total Debt | $2B | |||||
| 2023 | $430M | -49.7% (-34.8%) | EBITDA | $1B | Total Liab | $6B | |||||
| 2024 | $540M | 25.6% (21.9%) | Opr Margin | 0.11 | Debt/Equity | 0.19 | |||||
| 2025 | $571M | 5.7% (3.2%) | PreTax Margin | 11.31 | BV/Share | 7 | |||||
| 5Y Average FCF | $599M | -6.1% (-3.2%) | |||||||||
| 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 (4.0%) | ||||||||||
| 2026 | $594M | MBG Intrinsic Value | $8 | ||||||||
| 2027 | $618M | ||||||||||
| 2028 | $642M | ||||||||||
| 2029 | $668M | ||||||||||
| 2030 | $695M | ||||||||||
| 2031 | $722M | ||||||||||
| Terminal Value | $15B | Net Worth/Share | $25 | ||||||||
| DCF Valuation | DCF Valuation "What If" Scenario Table | ||||||||||
| Enterprise Value | $13B | Growth Rate | |||||||||
| (+) Cash & Cash Equivalents | $2B | $36 | 1.5% | 2.0% | 2.5% | 3.0% | 3.5% | ||||
| (-) Total Debt | $2B | WACC | 7.3% | 32 | 34 | 36 | 40 | 44 | |||
| Equity Value | $13B | 7.4% | 31 | 34 | 36 | 39 | 43 | ||||
| Shares Outstanding | 375,718,016 | 7.4% | 31 | 33 | 36 | 39 | 43 | ||||
| 7.9% | 29 | 31 | 33 | 35 | 38 | ||||||
| DCF Intrinsic Value | $36 | 8.4% | 27 | 28 | 30 | 32 | 34 | ||||
| Analyzed by QuantJuice (2025) | |||||||||||