| Intrinsic Valuation of: REG | |||||||||||
| Free Cash Flow Average and Growth over past 5Y | Key Statistics | ||||||||||
| Year | FCF | FCF (FCF/Revenue) | |||||||||
| 2020 | - | - | EPS (FY) | 3 | Market Cap | $14B | |||||
| 2021 | - | - (-) | P/E Ratio | 26 | Total Asset | $13B | |||||
| 2022 | $656M | - (-) | Net Income | $527M | Total Debt | $5B | |||||
| 2023 | $720M | 9.7% (1.6%) | EBITDA | $1B | Total Liab | $6B | |||||
| 2024 | $790M | 9.8% (-0.1%) | Opr Margin | 37.53 | Debt/Equity | 0.64 | |||||
| 2025 | $828M | 4.7% (-2.0%) | PreTax Margin | 24.24 | BV/Share | 34 | |||||
| 5Y Average FCF | $748M | 8.2% (-0.2%) | |||||||||
| 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): | 7.23% | Current US Bond Yield: | 3.48% | ||||||||
| Forcasting Future Free Cash Flow for next 6Y | Modified Benjamin Graham's Intrinsic Value | ||||||||||
| Year | FCF Projection (8.2%) | ||||||||||
| 2026 | $870M | MBG Intrinsic Value | $26 | ||||||||
| 2027 | $931M | ||||||||||
| 2028 | $986M | ||||||||||
| 2029 | $1B | ||||||||||
| 2030 | $1B | ||||||||||
| 2031 | $1B | ||||||||||
| Terminal Value | $24B | Net Worth/Share | $39 | ||||||||
| DCF Valuation | DCF Valuation "What If" Scenario Table | ||||||||||
| Enterprise Value | $20B | Growth Rate | |||||||||
| (+) Cash & Cash Equivalents | $105M | $86 | 1.5% | 2.0% | 2.5% | 3.0% | 3.5% | ||||
| (-) Total Debt | $5B | WACC | 6.5% | 85 | 94 | 106 | 122 | 142 | |||
| Equity Value | $16B | 7.2% | 71 | 78 | 87 | 98 | 112 | ||||
| Shares Outstanding | 183,096,790 | 7.9% | 61 | 66 | 73 | 81 | 90 | ||||
| 8.6% | 52 | 57 | 62 | 68 | 75 | ||||||
| DCF Intrinsic Value | $86 | 9.2% | 46 | 49 | 53 | 57 | 63 | ||||
| Analyzed by QuantJuice (2025) | |||||||||||