| Intrinsic Valuation of: PYPL | |||||||||||
| Free Cash Flow Average and Growth over past 5Y | Key Statistics | ||||||||||
| Year | FCF | FCF (FCF/Revenue) | |||||||||
| 2020 | - | - | EPS (FY) | 5 | Market Cap | $39B | |||||
| 2021 | - | - (-) | P/E Ratio | 8 | Total Asset | $80B | |||||
| 2022 | $5B | - (-) | Net Income | $5B | Total Debt | $10B | |||||
| 2023 | $4B | -17.4% (-23.6%) | EBITDA | $8B | Total Liab | $60B | |||||
| 2024 | $7B | 60.4% (50.1%) | Opr Margin | 19.28 | Debt/Equity | 0.49 | |||||
| 2025 | $6B | -17.8% (-21.2%) | PreTax Margin | 17.95 | BV/Share | 10 | |||||
| 5Y Average FCF | $5B | 7.2% (1.8%) | |||||||||
| 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): | 9.68% | Current US Bond Yield: | 3.48% | ||||||||
| Forcasting Future Free Cash Flow for next 6Y | Modified Benjamin Graham's Intrinsic Value | ||||||||||
| Year | FCF Projection (7.2%) | ||||||||||
| 2026 | $6B | MBG Intrinsic Value | $48 | ||||||||
| 2027 | $6B | ||||||||||
| 2028 | $7B | ||||||||||
| 2029 | $7B | ||||||||||
| 2030 | $7B | ||||||||||
| 2031 | $7B | ||||||||||
| Terminal Value | $104B | Net Worth/Share | $23 | ||||||||
| DCF Valuation | DCF Valuation "What If" Scenario Table | ||||||||||
| Enterprise Value | $89B | Growth Rate | |||||||||
| (+) Cash & Cash Equivalents | $8B | $99 | 1.5% | 2.0% | 2.5% | 3.0% | 3.5% | ||||
| (-) Total Debt | $10B | WACC | 7.7% | 120 | 128 | 138 | 150 | 164 | |||
| Equity Value | $87B | 8.7% | 103 | 109 | 115 | 123 | 132 | ||||
| Shares Outstanding | 882,105,493 | 9.7% | 90 | 94 | 99 | 104 | 110 | ||||
| 10.7% | 80 | 83 | 86 | 90 | 95 | ||||||
| DCF Intrinsic Value | $99 | 11.7% | 72 | 74 | 77 | 80 | 83 | ||||
| Analyzed by QuantJuice (2025) | |||||||||||