| Intrinsic Valuation of: PFG | |||||||||||
| Free Cash Flow Average and Growth over past 5Y | Key Statistics | ||||||||||
| Year | FCF | FCF (FCF/Revenue) | |||||||||
| 2020 | - | - | EPS (FY) | 5 | Market Cap | $18B | |||||
| 2021 | - | - (-) | P/E Ratio | 16 | Total Asset | $314B | |||||
| 2022 | $3B | - (-) | Net Income | $2B | Total Debt | $4B | |||||
| 2023 | $3B | -2.2% (-19.5%) | EBITDA | - | Total Liab | $302B | |||||
| 2024 | $4B | 20.7% (54.9%) | Opr Margin | - | Debt/Equity | 0.34 | |||||
| 2025 | $5B | 22.9% (4.1%) | PreTax Margin | - | BV/Share | 37 | |||||
| 5Y Average FCF | $4B | 13.8% (13.2%) | |||||||||
| 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 (13.8%) | ||||||||||
| 2026 | $5B | MBG Intrinsic Value | $44 | ||||||||
| 2027 | $6B | ||||||||||
| 2028 | $7B | ||||||||||
| 2029 | $8B | ||||||||||
| 2030 | $9B | ||||||||||
| 2031 | $10B | ||||||||||
| Terminal Value | $205B | Net Worth/Share | $51 | ||||||||
| DCF Valuation | DCF Valuation "What If" Scenario Table | ||||||||||
| Enterprise Value | $167B | Growth Rate | |||||||||
| (+) Cash & Cash Equivalents | $4B | $749 | 1.5% | 2.0% | 2.5% | 3.0% | 3.5% | ||||
| (-) Total Debt | $4B | WACC | 7.3% | 656 | 705 | 766 | 840 | 934 | |||
| Equity Value | $167B | 7.4% | 650 | 699 | 758 | 830 | 921 | ||||
| Shares Outstanding | 222,768,000 | 7.4% | 644 | 692 | 749 | 820 | 909 | ||||
| 7.9% | 590 | 630 | 677 | 733 | 802 | ||||||
| DCF Intrinsic Value | $749 | 8.4% | 545 | 578 | 617 | 663 | 718 | ||||
| Analyzed by QuantJuice (2025) | |||||||||||