| Intrinsic Valuation of: PFG | |||||||||||
| Free Cash Flow Average and Growth over past 5Y | Key Statistics | ||||||||||
| Year | FCF | FCF (FCF/Revenue) | |||||||||
| 2020 | - | - | EPS (FY) | 7 | Market Cap | $22B | |||||
| 2021 | - | - (-) | P/E Ratio | 14 | Total Asset | $341B | |||||
| 2022 | $3B | - (-) | Net Income | $1B | Total Debt | $4B | |||||
| 2023 | $4B | 20.7% (54.9%) | EBITDA | - | Total Liab | $329B | |||||
| 2024 | $5B | 22.9% (4.1%) | Opr Margin | - | Debt/Equity | 0.32 | |||||
| 2025 | $4B | -2.1% (1.0%) | PreTax Margin | - | BV/Share | 42 | |||||
| 5Y Average FCF | $4B | 4.1% (20.0%) | |||||||||
| 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): | 7.73% | Current US Bond Yield: | 3.48% | ||||||||
| Forcasting Future Free Cash Flow for next 6Y | Modified Benjamin Graham's Intrinsic Value | ||||||||||
| Year | FCF Projection (4.1%) | ||||||||||
| 2026 | $4B | MBG Intrinsic Value | $62 | ||||||||
| 2027 | $5B | ||||||||||
| 2028 | $5B | ||||||||||
| 2029 | $5B | ||||||||||
| 2030 | $5B | ||||||||||
| 2031 | $5B | ||||||||||
| Terminal Value | $102B | Net Worth/Share | $57 | ||||||||
| DCF Valuation | DCF Valuation "What If" Scenario Table | ||||||||||
| Enterprise Value | $87B | Growth Rate | |||||||||
| (+) Cash & Cash Equivalents | $4B | $407 | 1.5% | 2.0% | 2.5% | 3.0% | 3.5% | ||||
| (-) Total Debt | $4B | WACC | 6.5% | 444 | 483 | 531 | 593 | 676 | |||
| Equity Value | $88B | 7.3% | 382 | 410 | 442 | 483 | 534 | ||||
| Shares Outstanding | 216,012,384 | 8.1% | 336 | 356 | 380 | 408 | 442 | ||||
| 8.9% | 299 | 315 | 332 | 353 | 377 | ||||||
| DCF Intrinsic Value | $407 | 9.7% | 270 | 282 | 295 | 311 | 329 | ||||
| Analyzed by QuantJuice (2025) | |||||||||||