| Intrinsic Valuation of: PYPL | |||||||||||
| Free Cash Flow Average and Growth over past 5Y | Key Statistics | ||||||||||
| Year | FCF | FCF (FCF/Revenue) | |||||||||
| 2020 | - | - | EPS (FY) | 4 | Market Cap | $73B | |||||
| 2021 | - | - (-) | P/E Ratio | 17 | Total Asset | $82B | |||||
| 2022 | $5B | - (-) | Net Income | $4B | Total Debt | $10B | |||||
| 2023 | $5B | 4.5% (-3.7%) | EBITDA | $7B | Total Liab | $61B | |||||
| 2024 | $4B | -17.4% (-23.6%) | Opr Margin | 0.18 | Debt/Equity | 0.48 | |||||
| 2025 | $7B | 60.4% (50.1%) | PreTax Margin | 16.92 | BV/Share | 10 | |||||
| 5Y Average FCF | $5B | 15.8% (7.6%) | |||||||||
| 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 (15.8%) | ||||||||||
| 2026 | $8B | MBG Intrinsic Value | $40 | ||||||||
| 2027 | $9B | ||||||||||
| 2028 | $11B | ||||||||||
| 2029 | $12B | ||||||||||
| 2030 | $14B | ||||||||||
| 2031 | $16B | ||||||||||
| Terminal Value | $340B | Net Worth/Share | $21 | ||||||||
| DCF Valuation | DCF Valuation "What If" Scenario Table | ||||||||||
| Enterprise Value | $274B | Growth Rate | |||||||||
| (+) Cash & Cash Equivalents | $7B | $278 | 1.5% | 2.0% | 2.5% | 3.0% | 3.5% | ||||
| (-) Total Debt | $10B | WACC | 7.3% | 243 | 262 | 285 | 313 | 348 | |||
| Equity Value | $271B | 7.4% | 241 | 259 | 282 | 309 | 344 | ||||
| Shares Outstanding | 972,532,992 | 7.4% | 238 | 257 | 278 | 305 | 339 | ||||
| 7.9% | 218 | 233 | 251 | 272 | 299 | ||||||
| DCF Intrinsic Value | $278 | 8.4% | 201 | 213 | 228 | 245 | 266 | ||||
| Analyzed by QuantJuice (2025) | |||||||||||