| Intrinsic Valuation of: PARAA | |||||||||||
| Free Cash Flow Average and Growth over past 5Y | Key Statistics | ||||||||||
| Year | FCF | FCF (FCF/Revenue) | |||||||||
| 2020 | - | - | EPS (FY) | -8 | Market Cap | $9B | |||||
| 2021 | - | - (-) | P/E Ratio | - | Total Asset | $46B | |||||
| 2022 | $599M | - (-) | Net Income | $-6B | Total Debt | $15B | |||||
| 2023 | $-139M | -123.2% (-122.0%) | EBITDA | $-5B | Total Liab | $29B | |||||
| 2024 | $147M | 205.8% (207.5%) | Opr Margin | 0.05 | Debt/Equity | 0.86 | |||||
| 2025 | $489M | 232.7% (237.7%) | PreTax Margin | 2.08 | BV/Share | 84 | |||||
| 5Y Average FCF | $274M | 105.1% (107.7%) | |||||||||
| 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 | $611M | MBG Intrinsic Value | $-73 | ||||||||
| 2027 | $764M | ||||||||||
| 2028 | $955M | ||||||||||
| 2029 | $1B | ||||||||||
| 2030 | $1B | ||||||||||
| 2031 | $2B | ||||||||||
| Terminal Value | $39B | Net Worth/Share | $412 | ||||||||
| DCF Valuation | DCF Valuation "What If" Scenario Table | ||||||||||
| Enterprise Value | $30B | Growth Rate | |||||||||
| (+) Cash & Cash Equivalents | $3B | $456 | 1.5% | 2.0% | 2.5% | 3.0% | 3.5% | ||||
| (-) Total Debt | $15B | WACC | 7.3% | 358 | 410 | 472 | 549 | 646 | |||
| Equity Value | $19B | 7.4% | 352 | 403 | 464 | 539 | 633 | ||||
| Shares Outstanding | 40,702,700 | 7.4% | 346 | 396 | 456 | 529 | 621 | ||||
| 7.9% | 291 | 332 | 381 | 439 | 511 | ||||||
| DCF Intrinsic Value | $456 | 8.4% | 244 | 279 | 319 | 366 | 423 | ||||
| Analyzed by QuantJuice (2025) | |||||||||||