| 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 | $18B | |||||
| 2021 | - | - (-) | P/E Ratio | 36 | Total Asset | $17B | |||||
| 2022 | $847M | - (-) | Net Income | $266M | Total Debt | $3B | |||||
| 2023 | $855M | 0.9% (-9.0%) | EBITDA | $1B | Total Liab | $8B | |||||
| 2024 | $593M | -30.6% (-27.1%) | Opr Margin | 0.08 | Debt/Equity | 0.32 | |||||
| 2025 | $602M | 1.5% (-0.6%) | PreTax Margin | 7.14 | BV/Share | 2 | |||||
| 5Y Average FCF | $724M | -9.4% (-12.2%) | |||||||||
| 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 | $626M | MBG Intrinsic Value | $7 | ||||||||
| 2027 | $651M | ||||||||||
| 2028 | $677M | ||||||||||
| 2029 | $704M | ||||||||||
| 2030 | $732M | ||||||||||
| 2031 | $762M | ||||||||||
| Terminal Value | $16B | Net Worth/Share | $24 | ||||||||
| DCF Valuation | DCF Valuation "What If" Scenario Table | ||||||||||
| Enterprise Value | $14B | Growth Rate | |||||||||
| (+) Cash & Cash Equivalents | $2B | $34 | 1.5% | 2.0% | 2.5% | 3.0% | 3.5% | ||||
| (-) Total Debt | $3B | WACC | 7.3% | 29 | 32 | 34 | 38 | 42 | |||
| Equity Value | $13B | 7.4% | 29 | 31 | 34 | 37 | 41 | ||||
| Shares Outstanding | 376,734,016 | 7.4% | 29 | 31 | 34 | 37 | 41 | ||||
| 7.9% | 26 | 28 | 30 | 33 | 36 | ||||||
| DCF Intrinsic Value | $34 | 8.4% | 24 | 26 | 27 | 30 | 32 | ||||
| Analyzed by QuantJuice (2025) | |||||||||||